ik, I think you will find that IMF have funded some cases run by Slater & Gordon. S&G are more than just a personal injuries lawyer, they also have a substantial General Law business in Australia and UK.
I held IMF for a couple of years and built up a nice position. I sold at $2.20 more through good luck than anything. I felt IMFs focus had changed and it is volatile to losing a case or two. Nevertheless I do like IMF and I am looking to get back on board. They have been down on their luck with cases this past 12 months so I am being overly cautious.
Due to uncertainty around S&G, if not like the business full stop, or if it is not within risk profile sue to current external issues, then it may be best to avoid it. Personally S&G is by far my largest holding.
Why I own IMF, page-3
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