Litigation Capital Management Limited (DI) (LIT)

Sector:

Financials

Index:

FTSE AIM All-Share

111.50p
   
  • Change Today:
      3.50p
  • 52 Week High: 120.75p
  • 52 Week Low: 69.00p
  • Currency: UK Pounds
  • Shares Issued: 116.71m
  • Volume: 62,171
  • Market Cap: £130.13m
  • RiskGrade: 218

Litigation Capital to fund competition action against Amazon

By Josh White

Date: Thursday 20 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Dispute financier Litigation Capital Management has entered into a new litigation finance agreement with Julie Hunter, a consumer rights advocate and proposed class representative, in an application to commence a collective action soon to be launched in the Competition Appeal Tribunal against Amazon.
The AIM-traded firm said the agreement would fund a claim alleging Amazon and other entities in the Amazon Group engaged in anticompetitive conduct and abused its dominant position in the market for the provision of online marketplace services in the UK, in breach of section 18 of the Competition Act 1998 and Article 102 of the Treaty on the Functioning of the European Union.

It said it remained focussed on "sustainable long-term growth" through strategic relationships, and the development of a high-quality portfolio of investments.

"We are pleased to enter into this new litigation finance agreement, which represents another important step as we grow our position as a leader in disputes funding in the UK market," said chief executive officer Patrick Moloney.

"In line with the increasing recognition of opportunities presented by litigation funding to consumers and the communities in which we operate, we are seeing an increasing number of competition-based claims in the UK."

At 1508 BST, shares in Litigation Capital Management were up 2.47% at 74.8p.

Reporting by Josh White at Sharecast.com.

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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.

 

LIT Market Data

Currency UK Pounds
Share Price 111.50p
Change Today 3.50p
% Change 3.24 %
52 Week High 120.75p
52 Week Low 69.00p
Volume 62,171
Shares Issued 116.71m
Market Cap £130.13m
RiskGrade 218

LIT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.64% above the market average74.64% above the market average74.64% above the market average74.64% above the market average74.64% above the market average
64.81% above the sector average64.81% above the sector average64.81% above the sector average64.81% above the sector average64.81% above the sector average
Price Trend
63.40% above the market average63.40% above the market average63.40% above the market average63.40% above the market average63.40% above the market average
40.87% above the sector average40.87% above the sector average40.87% above the sector average40.87% above the sector average40.87% above the sector average
Income
36.10% above the market average36.10% above the market average36.10% above the market average36.10% above the market average36.10% above the market average
13.43% above the sector average13.43% above the sector average13.43% above the sector average13.43% above the sector average13.43% above the sector average
Growth
91.14% above the market average91.14% above the market average91.14% above the market average91.14% above the market average91.14% above the market average
94.50% above the sector average94.50% above the sector average94.50% above the sector average94.50% above the sector average94.50% above the sector average

LIT Dividends

  Latest Previous
  Final Final
Ex-Div 28-Sep-23 14-Nov-19
Paid 27-Oct-23 11-Dec-19
Amount 2.25p 0.83¢

Trades for 24-May-2024

Time Volume / Share Price
16:35 23,000 @ 111.50p
16:35 1 @ 111.50p
16:35 10,095 @ 111.50p
16:35 3,604 @ 111.50p
16:35 9,300 @ 111.50p

LIT Key Personnel

CEO Patrick Moloney
CFO Mary Gangemi

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