LITIGATION CAPITAL MANAGEMENT LIMITED (LIT) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the LITIGATION CAPITAL MANAGEMENT LIMITED investor presentation. Questions are encouraged. They can be submitted at any time via the q and a tab that's just situated on the right hand corner of your screen. Please just simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today, we'll publish those responses where it's appropriate to do so on the Investor Meet company platform. Before we begin, we would just like to submit the following poll. And if you'd give that your kind attention, I'm sure the company would be most grateful. And I would now like to hand you over to the executive management team from LITIGATION CAPITAL MANAGEMENT LIMITED. Patrick, good morning, Good morning. Welcome everyone to, LCM's presentation of its interim results, for the period ending 12/31/2004. I'm joined by David Collins, our CFO, and, James Parker, our financial controller. So I wanna start, with some highlights in terms of, the interim period. And the first one is the maintenance, of our performance. So we had seven realizations during the period, which generated, revenue of 51,000,000 and that revenue was generated at a multiple of 3.6 times. Now, when we think about that in comparison to our thirteen and a half year track record, that is tracking at a multiple of invested capital of 2.4 times. Next thing I want to highlight, in the period was some outstanding results that we've achieved in respect of, some arbitrations. And these arbitrations brought pursuant to treaties, typically, quite a tough part of the sector to perform well in. Many of our, peers have really struggled, with fund...