The latest update is out from Litigation Capital Management Limited ( (GB:LIT) ).
Litigation Capital Management Limited reported interim results for the half-year ending December 2024, highlighting a volatile period characterized by significant wins in arbitration cases and setbacks in class action trials. The company generated A$51 million in revenue from seven realizations, but faced a loss after tax of A$8.4 million due to negative fair value movements. Despite these challenges, LCM is progressing in its transition to a fund management model, with Fund III expected to launch by June 2025. The company is optimistic about a rebound in new commitments and is expanding into the US legal finance market while integrating AI technologies to enhance its operations.
More about Litigation Capital Management Limited
Litigation Capital Management Limited (LCM) is a global provider of disputes finance and risk management services, specializing in alternative asset management with a focus on litigation finance. The company operates through two business models: direct investments and third-party fund management, pursuing strategies such as single-case funding, portfolio funding, and acquisitions of claims. Headquartered in Sydney, LCM is listed on the AIM market of the London Stock Exchange and has offices in London, Singapore, Brisbane, and Melbourne.
YTD Price Performance: -37.74%
Average Trading Volume: 275,487
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £74.28M
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