Professional
Added to YB: 2023-11-16
Pitch date: 2023-11-16
LIT.L [bullish]
Litigation Capital Management Limited
-89.87%
current return
Author Info
Hurdle Rate is an Australian Unit Trust run by a CPA who shares global stock pitches on their website. Sign up for the newsletter.
Company Info
Litigation Capital Management Limited provides dispute finance and risk management services in Australia and the United Kingdom.
Market Cap
GBP 70.4M
Pitch Price
GBP 0.99
Price Target
N/A
Dividend
3.81%
EV/EBITDA
-6.77
P/E
-24.02
EV/Sales
-4.48
Sector
Financial Services
Category
value
Hurdle Rate Unit Trust: – Litigation Capital Management (LSE:LIT)
LIT.L: Litigation funder w/ 78% historical IRR, 1.78x ROIC. Moved to fair value accounting, boosting profits but adding impairment risk. Growth via asset mgmt arm & 3rd party capital driving performance fees. Trades at 1.25x book, asset mgmt can 2x+ ROE. Small position due to model risks.
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