Litigation Capital Mgmt.

LIT

AU000000LCA6

Business Support Services

Market Closed - London S.E. Other stock markets 11:35:24 2024-05-02 am EDT			5-day change	1st Jan Change
118 ^GBX	+4.42%		+4.42%	+19.19%

Mar. 19	Litigation Capital says time is ripe for sector after profitable half	AN
Jan. 02	Panthera subsidiary notifies Indian government over Bhukia dispute	AN

Litigation Capital Management begins AUD10 million share buyback

October 05, 2023 at 05:00 am EDT

(Alliance News) - Litigation Capital Management Ltd on Thursday said it has begun its AUD10.0 million, about USD6.4 million, share buyback programme.

Litigation Capital Management is a asset manager specialising in dispute financing solutions. Its shares rose 5.5% to 103.94 pence each in London on Thursday morning.

It said the purpose of the buyback is to reduce the share capital of the company in order to return value to shareholders.

The buyback was announced in September, alongside its results for its financial year ended June 30.

It reported that revenue rose to AUD84.2 million, from AUD47.1 million a year earlier. Pretax profit more than doubled to AUD28.6 million from AUD12.9 million.

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Litigation Capital Mgmt.

Litigation Capital says time is ripe for sector after profitable half	Mar. 19	AN
Panthera subsidiary notifies Indian government over Bhukia dispute	Jan. 02	AN
FTSE 100 Closed Up 0.5% Despite Oil Price Drag	23-10-05	DJ
Litigation Capital Management begins AUD10 million share buyback	23-10-05	AN
Canny consumers turn to McBride; Henry Boot payout up	23-09-19	AN
Litigation Capital Management hails outcome of class action it funded	23-09-04	AN
Litigation Capital Management-backed Claimants Settle Class Action with Australian Government	23-09-04	MT
Panthera Resources Further Extends LCM Funding's Due Diligence Deadline	23-08-22	MT
Ormonde eyes AIM exit; Online Blockchain tests AI app	23-07-27	AN
LCM Shares Surge on Affirming Business Model Amid UK Court Ruling on Dispute Investments	23-07-27	MT
AIM WINNERS & LOSERS: Safestyle UK struggling amid weak demand	23-07-27	AN
Chapel Down sales pop; Serabi output rises	23-07-20	AN
FTSE Closes Tuesday Up 0.6% Lifted by Banks, Oil Stocks; Ocado Soars	23-07-18	DJ
Andrada raises GBP7.7 million; Ixico signs contract	23-07-18	AN
UK Consumers Cut Spending Amid Rising Mortgage -2-	23-07-18	DJ
UK Consumers Cut Spending Amid Rising Mortgage Rates	23-07-18	DJ
Scheme of arrangement for ECSC takeover passes	23-06-22	AN
Stocks down over worries on China's outlook	23-06-19	AN
Litigation Capital Management claimant wins award in favour	23-06-19	AN
Litigation Capital Management-backed Claimant Wins International Arbitration Case; Jumps 14%	23-06-19	MT
AIM WINNERS & LOSERS: Abingdon launches saliva-based pregnancy test	23-06-19	AN
Arecor launches Ogluo in Denmark and Sweden	23-05-15	AN
FTSE 100 Closes Higher, Outperforming European Peers, Lifted by Miners	23-05-15	DJ
Litigation Capital Management Reaches Settlement in Australian Class Action	23-05-15	DJ
Redx confirms Jounce deal lapses, Tirupati seals deal	23-04-03	AN

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Litigation Capital Management Limited (LCM) is an Australia-based litigation finance company. The Company is primarily engaged in providing dispute finance and risk management services. It operates through two business models: direct investments and funds/asset management. It pursues three investment strategies: Single-case funding, Corporate portfolio funding and Acquisitions of claims. It provides funding across multiple jurisdictions and sectors. It lends its financial support to litigants seeking single-case financing and portfolio funding, and in relation to class actions, commercial claims, international arbitration and claims arising out of insolvency. Its acquisitions of claims include investments in smaller disputes through the acquisition or assignment of the underlying cause of action. Its products and services include dispute finance for companies, international arbitration, law firms, disbursement funding, adverse costs and security for costs, and enforcement funding.

Sector

Business Support Services

Calendar

2024-09-16 - Q4 2024 Earnings Release (Projected)

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Sector Other Business Support Services

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LITIGATION CAPITAL MGMT.	+19.19%	106M
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GENPACT LIMITED	-9.80%	5.54B
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EXLSERVICE HOLDINGS, INC.	-2.66%	4.72B

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Litigation Capital Mgmt.

Equities

LIT

AU000000LCA6

Business Support Services

Litigation Capital Management begins AUD10 million share buyback

Latest news about Litigation Capital Mgmt.

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Sector Other Business Support Services