Richygm
29 Jul 2015
Re: questions.......... Nobody's listening, eagle. I'd be interested in an explanation.
eagle51
27 Jul 2015
questions.......... ........have to be asked here.A vehicle (or vehicles) controlled by Fielding (or I believe are - who is behind the manager?) took £14m last year as its cut of what was said to be the increase in NAV of the company.The value doesn't appear to have been there.
lambrini girl
23 Jun 2015
Re: SP simples..guitar..theres times when markets/shares trade in a range..and times when prolonged buying or selling...u need to look at the investment cycles to work out wot to do..
Guitarsolo
23 Jun 2015
Re: SP LG. I have guessed that your a day trader. But things don't add up. You are trading 100 times a day (so you're not an investor, just a trader). But when JIL is circa 140p you post 102p as a target. You don't state a timeframe but it takes over 6 months to get there. How does that fit with your high frequency trading?! It would make more sense if you said "it'll drop 2p this afternoon". There is no point being on a board like this and just shouting out numbers without any reasoning (as you do) and no timeframes. Especially if it doesn't actually match your own investing/ trading mantra. GS
lambrini girl
23 Jun 2015
Re: SP Over the last two years (approx.) I have made 68 investments. <<<Ive made tens of thousands.. guitar..we is different players..I have made more than 68 in a day !!so I cant really be bothered to sift thru that lot??
delyss
23 Jun 2015
Re: SP I haven't noticed many law firms going bust recently. Of course some cases are lost: in each one there's a loser and a winner. If you're a long-term investor, this type of investment suits my risk-reward profile (check last 5 years figures): maybe Burford has a structure more friendly to PIs. I've got a 50/50 split between the two: but I think it's evens which of the two will have performed better over the next 5 years, from today's prices.
Guitarsolo
23 Jun 2015
Re: SP "But you'd have to honestly say how often you are correct to allow for fair analysis of whether this is luck or judgment."No response yet from Lambrini. But it did make me have a quick look at my own investment results to see how I have fared. If I ask LG for her figures (excuse me), it's only fair I share my own results. Over the last two years (approx.) I have made 68 investments. Of those, 51 have either been sold for a real profit or currently sit with a paper profit. The remaining 17 have either been sold at a loss, or currently sit with a paper loss. This excludes dividends and costs. So that's a simple 75% success rate. If I factored back in dividends received some of those losses would be small profits so perhaps more like 80/20. I'd also note that my gains are larger gains than my losses are losses. Overall, I am quite happy with things but would always be on the look out for a decent investment at a good price. JIL won't be one of those!Guitarsolo
eagle51
22 Jun 2015
Re: RNS - correction "The value of the 332k shares was presumably calculated on 8 June, when the share price was 112.5p - some 22.5p (total value £75k) MORE than they are today"............,
eagle51
22 Jun 2015
RNS [link] RNS might explain why no write down in NAV was made when its likelihood was known about at last year end. As I understand the agreement, JCML (manager) was paid 20% of the overall uplift in NAV (not sure how it was calculated as it looked too high to me) and there doesn't appear to be any provision for a claw-back from JCML of the amount overpaid as a result of NAV being overstated.[link] value of the 332k shares was presumably calculated on 8 June, when the share price was 112.5p - some 22.5p (total value £75k) less than they are today, the announcement of the much reduced NAV being withheld until 10 days thereafter. Handy.Some might say amounts to treating shareholders with utter contempt. I couldn't possibly comment.I'm not suggesting people should necessarily believe everything they read in newspapers (some more than others) but it hardly inspires confidence in the people (person?) behind JIL (and JAML) to read these kind of articles. Makes me wonder how much I contributed towards the piano and/or other toys of the rich and famous. We're the small men.[link] decided to sell my few remaining shares, simply on the premise I don't like the smell around here.Did anyone else note the reference towards the end of today's RNS ('About Juridica'): "It has over US$200 million of assets under management"................not any more, it doesn't. They can't even get that right.The final straw? The auditors appear to have been paid half a million dollars over the past two years to conclude: "Without qualifying our opinion, we draw your attention to Notes 2(d), 3 and 15(a) to the financial statements surrounding the fair value of non-current assets. The financial statements include non-current assets stated at their fair value of US$152,709,726. Due to the inherentuncertainty associated with the valuation of such non-current assets and the absence of a liquid market, these fair values may differ from their realisable values, and the differences could be material".........................comments like the above make the audit worthless. More shareholders' money down the drain. The auditors are talking about the whole shooting match and telling they can't form a view. In this case the fair value DID differ from its realisable value and the difference WAS material. What bad luck. Luckily, the NAV was a lot higher 10 days earlier.'Shameful' would be my assessment.The expression: "mind yer fingers" comes to mind (balls more like).This is the second time in a year I've been caught by sharp practitioners - I must try harder. However, in my defence, it's becoming more and more difficult - everyone wants your money, anything goes and there's nothing one can do to stop them helping themselves - however they choose to do it. GVC was the other one, although I didn't lose money there. It's still possible holders here might do well, but others will benefit before - and by more, relatively speaking - than shareholders are likely to. That's the reality as I see it and the thought of it doesn't sit comfortably.Over and out.
pharmaspecialist
22 Jun 2015
Re: time to go I should add that the excesses I refer to in my previous comment do of course refer to senior level pay which seems to outstrip that of non-legal professions.
pharmaspecialist
22 Jun 2015
Re: time to go Thanks for your useful analysis eagle51. I rarely sell shares as I select carefully and tend to be a long term holder but I must admit I have sold this one as Juridica's management fees and expenses for 2014 of around £20M are clearly excessive when compared to its market cap of around £100M and declining nav. . I would suggest that Juridica needs a non-lawyer as chairman to help control the excesses which characterise this profession. Perhaps companies run by lawyers are best left as private entities.
ookyfly
20 Jun 2015
Re: SP Her 'prediction' was more than 6 months ago. Worthless.
ookyfly
20 Jun 2015
Re: SP I don't think The Wicked Witch of the West posts on the many occasions her orgasmatron machine gets it wrong. Guitarsolo has her bang on.
lambrini girl
19 Jun 2015
Re: SP >>>I seem to remember you were shorting the market heavily with short-funds a couple of years ago <<<and I seem to remember u/LD2 mentioning this on another board..as I said there..u mistaken..I did no such thing..I said prove it by lookin thru my posts...I do Sell seasonally typically May/June(but everyone does that)..
Guitarsolo
19 Jun 2015
Re: SP I just don't see how you can say that a major news event for a particular share is irrelevant! I wonder how the esteemed judges of the US Supreme Court feel about that? Were they destined to reject JIL's case for further hearing just so that the share price can fall to a level predicted by some algorithm somewhere? It would be a great way to find cuts to the Justice bill. In JIL's case it is purely the big "news" stories that move the share price. In March it was the FY results that caused a sudden drop, now the last 48 hours has been because of a single (large) case hitting the NAV. No algorithm can predict such news so if news happens to cause the share price to move to a stated target then that is pure luck!Having said that, I am often amused by your predictions and grant that on occasion you are "bang on". But you'd have to honestly say how often you are correct to allow for fair analysis of whether this is luck or judgment. For now though, I am happy I was out of JIL at about 118p when I saw the way they were remunerating themselves and others (not knowing about the current case). For me that is not the way to manage a publicly listed company when, quite frankly, they should be looking to protect and grow the capital of Guitarsolo!
