Litigation Capital Management has announced FY20 results with gross profit up 7% to A$21.7m and PBT of A$9.2m, slightly behind expectations albeit the Group had already flagged that delays to 3 cases during the year would result in resolutions in FY21, thereby impacting FY20 results. That said, excellent strategic progress through the year and good news flow as well as increasing scale suggests more value to come. Reiterate buy
22 Sep 2020
Litigation Capital Management - FY20 Results – Scaling up with strong returns
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Litigation Capital Management - FY20 Results – Scaling up with strong returns
Litigation Capital Management Ltd (LIT:LON) | 112 4.5 3.7% | Mkt Cap: 130.7m
- Published:
22 Sep 2020 -
Author:
Andrew Simms -
Pages:
5
Litigation Capital Management has announced FY20 results with gross profit up 7% to A$21.7m and PBT of A$9.2m, slightly behind expectations albeit the Group had already flagged that delays to 3 cases during the year would result in resolutions in FY21, thereby impacting FY20 results. That said, excellent strategic progress through the year and good news flow as well as increasing scale suggests more value to come. Reiterate buy