I'm not convinced that the returns from litigation funding are there anymore. OBL, which is a flagship company in the sector, conservatively run and well diversified, is doing a good job of proving that the returns aren't there. Maybe they never really were, but the sector just became the flavour of the month asset class for a while.
If that's the case, then the relentless flow of capital into the sector will come to an end.
Oversold ? Possibly. A long term buy - I doubt it.
Ann: CBA Class Action Judgment, page-6
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Last
$1.01 |
Change
-0.030(2.88%) |
Mkt cap ! $285.3M | |||
| Open | High | Low | Value | Volume |
| $1.05 | $1.05 | 99.5¢ | $300.1K | 295.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2142 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.02 | 260 | 1 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| OBL (ASX) Chart |