RBG Holdings (RBGP)

Sector:

Support

Index:

FTSE AIM All-Share

10.00p
   
  • Change Today:
      1.35p
  • 52 Week High: 55.00
  • 52 Week Low: 8.50
  • Currency: UK Pounds
  • Shares Issued: 128.68m
  • Volume: 2,308,715
  • Market Cap: £12.87m
  • RiskGrade: 276

RBG subsidiary LionFish inks £20m litigation investment deal

By Josh White

Date: Tuesday 15 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Professional services group RBG announced on Tuesday that its subsidiary LionFish Litigation Finance has agreed a £20m litigation investment arrangement with an unnamed alternative investment firm.
Under the arrangement, the firm would participate in all of LionFish's litigation investments, investing up to 75% in each across the portfolio over a two-year period.

LionFish would be entitled to receive a "significant share" of the returns of the arrangement after a high single-digit return hurdle was met, thus providing "significant additional potential returns" to LionFish beyond its own investment.

RBG said LionFish would have sole discretion in terms of which investments to pursue within a broad set of agreed parameters, which the board said would be similar to its current investment parameters.

The focus of the arrangement would be on maintaining LionFish's selective, quality-focused investment standards, without any undue deployment pressure.

LionFish would also be responsible for the administration of each underlying litigation investment.

The company said the arrangement would provide LionFish with significant additional capital flexibility in its investments, allowing it to manage a more diversified and granular portfolio of risks off its balance sheet, as well as to move away from the investor-sales model currently being used to reduce risk.

By partnering with a large alternative investment manager, it said LionFish had the opportunity to extend or repeat the arrangement on a rolling basis, potentially providing a long-term flexible capital source that could grow in line with the business

The arrangement was approved by RBG's banking partners, and was not a debt or credit facility, with the board saying the group's balance sheet would remain unchanged.

"This arrangement is a significant development in LionFish's long-term growth, and a validation of our decision to enter the third-party litigation funding market," said RBG chief executive officer Nicola Foulston.

"The arrangement will support our move away from our current model of selling participation rights in cases to investors.

"It will provide LionFish with the right kind of flexible capital to allow the management team to focus on quality of profits, not the quantity of monies deployed into litigation risks."

At 1401 GMT, shares in RBG Holdings were up 2.54% at 127.66p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RBG Holdings Market Data

Currency UK Pounds
Share Price 10.00p
Change Today 1.35p
% Change 15.61 %
52 Week High 55.00
52 Week Low 8.50
Volume 2,308,715
Shares Issued 128.68m
Market Cap £12.87m
RiskGrade 276

RBG Holdings Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.02% above the market average96.02% above the market average96.02% above the market average96.02% above the market average96.02% above the market average
97.78% above the sector average97.78% above the sector average97.78% above the sector average97.78% above the sector average97.78% above the sector average
Price Trend
95.89% below the market average95.89% below the market average95.89% below the market average95.89% below the market average95.89% below the market average
98.02% below the sector average98.02% below the sector average98.02% below the sector average98.02% below the sector average98.02% below the sector average
Income
82.58% above the market average82.58% above the market average82.58% above the market average82.58% above the market average82.58% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Growth
61.42% above the market average61.42% above the market average61.42% above the market average61.42% above the market average61.42% above the market average
54.00% above the sector average54.00% above the sector average54.00% above the sector average54.00% above the sector average54.00% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RBG Holdings Dividends

  Latest Previous
  Final Interim
Ex-Div 04-May-23 22-Sep-22
Paid 16-Jun-23 30-Nov-22
Amount 0.50p 2.00p

Trades for 28-Mar-2024

Time Volume / Share Price
17:08 5,000 @ 10.00p
16:27 5 @ 9.55p
16:27 15 @ 9.99p
16:26 5 @ 9.99p
16:26 49,930 @ 9.99p

RBG Holdings Key Personnel

CEO Jon Divers
CFO Kevin McNair

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