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Litigation Capital Management ( (GB:LIT) ) just unveiled an update.
Litigation Capital Management Limited announced the exercise of nil-cost option awards over its ordinary shares, granted under the Deferred Bonus Share Plan, to its CEO, Patrick Moloney. These options, which were satisfied by the Employee Benefit Trust, are part of historic awards with no new awards granted for the most recent financial year. Following this transaction, Mr. Moloney holds 10,308,714 ordinary shares, representing 9.02% of the company’s issued share capital. The Employee Benefit Trust now holds 3,824,841 ordinary shares, accounting for 3.35% of the company’s total voting rights.
The most recent analyst rating on (GB:LIT) stock is a Hold with a £30.00 price target. To see the full list of analyst forecasts on Litigation Capital Management stock, see the GB:LIT Stock Forecast page.
Spark’s Take on GB:LIT Stock
According to Spark, TipRanks’ AI Analyst, GB:LIT is a Neutral.
Litigation Capital Management Limited faces challenges with declining revenue and significant legal and operational risks, as highlighted by recent corporate events. The stock’s technical indicators suggest a bearish trend, and the negative P/E ratio is a concern. While financial management is strong, these risks weigh heavily on the overall score.
To see Spark’s full report on GB:LIT stock, click here.
More about Litigation Capital Management
Litigation Capital Management (LCM) is a leading international alternative asset manager specializing in disputes financing solutions. The company operates through two business models: direct investments from its permanent balance sheet capital and third-party fund management. LCM pursues three investment strategies: single-case funding, portfolio funding, and acquisitions of claims. The company is headquartered in Sydney with offices in London, Singapore, Brisbane, and Melbourne, and is listed on AIM under the ticker LIT.
Average Trading Volume: 1,479,121
Technical Sentiment Signal: Sell
Current Market Cap: £11.31M
For a thorough assessment of LIT stock, go to TipRanks’ Stock Analysis page.