It will be interesting what the board does now that Saker is gone.
Litigation funding is still a fundamentally lucrative business (high ROI and uncorrelated to other investments).
The problem is this value has been negotiated away to the NCI. As OBL stands today though its still a high quality "sourcer" of litigation funding assets. I can't help thinking that someone like Burford would be eyeing off the assets at the current valuation.
Buy the "sourcer" and internally finance going forward and this would be a bargain purchase for them. I cant help thinking if Burford did make an offer that Fortress or one of the other managers benefiting massively at the moment would counter-bid. ATM they don't need to bid or make a move while they can just capture the profits through structuring but I don't feel they would want to give up easily if Burford did come knocking.
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It will be interesting what the board does now that Saker is...
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Last
98.0¢ |
Change
-0.080(7.55%) |
Mkt cap ! $276.9M |
Open | High | Low | Value | Volume |
$1.07 | $1.07 | 97.5¢ | $366.4K | 363.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 999 | 98.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
98.5¢ | 330 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 999 | 0.980 |
2 | 4527 | 0.950 |
1 | 6500 | 0.945 |
1 | 1 | 0.900 |
2 | 25000 | 0.860 |
Price($) | Vol. | No. |
---|---|---|
1.000 | 16763 | 1 |
1.050 | 500 | 1 |
1.070 | 10000 | 1 |
1.080 | 27 | 1 |
1.095 | 4292 | 1 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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