Burford capital listed in London was doing well until their aggressive accounting caused them some issues.
OBL uses conservative accounting.
Litigation capital management is another listed company (on LSE/AIM) that is travelling a similar path to OBL
The current CEO of OBL has grown FUM to $2.2b under his tenure and is targeting $5b by 2025.
Assuming cases take 3 to 4 years to conclude. And they make similar ROIC as previously... Imagine the performance fees on $5b
Im also invested in litigation capital management and their performance fees are 35% which is incredible... So these funders are building the foundations for a good future. Market just needs to see further out than the next 6 month profit result...
OBL inconsistent profits, page-8
Add OBL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
90.0¢ |
Change
0.060(7.14%) |
Mkt cap ! $254.3M | |||
| Open | High | Low | Value | Volume |
| 90.0¢ | 95.8¢ | 86.5¢ | $962.3K | 1.066M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1947 | 87.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 95.0¢ | 15000 | 1 |
View Market Depth
| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| OBL (ASX) Chart |