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
$1.04 |
Change
0.025(2.46%) |
Mkt cap ! $293.8M | |||
| Open | High | Low | Value | Volume |
| $1.01 | $1.05 | $1.00 | $403.5K | 391.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2750 | $1.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.04 | 20000 | 1 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| OBL (ASX) Chart |