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...
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