Lawfinance Limited (LAW)
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Movement
1 Year Return
Lawfinance Limited Chart
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| Last | |
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| Volume | |
| Turnover | |
| Market Cap | $33.85 million |
| Today's Movement | |
| Prev. Close | |
| Open | |
| Day Range | - |
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| 52w Range | - |
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LAW Statistics
16 July
1,217 / 2,323
ASX Size Rank
1yr Return
vs Sector (1yr)
-7.37%
vs ASX 200 (1yr)
-14.30%
$33.85 million
Market Cap
Share Issue
483.64 million
All Ords (%)
N/A
Short Sold
0%
Current Fundamentals
16 July
N/A
PE Ratio
EPS ($)
-0.048
Earnings Yield
-68.00%
NTA ($)
-0.06
N/A
Dividend Yield
DPS ($)
-
Gross Div. Yield
-
Gross DPS ($)
-
Company Overview
LawFinance Limited (LAW, formerly JustKapital Limited) focusses on the alternative litigation funding business in Australia and New Zealand. LawFinance funds claims which are assessed to have sufficient merit and size, in connection with various areas of dispute, including without limitation, class actions, breaches of contract, breaches of company law, and intellectual property infringement.
Former Names
terraplanet.com Limited (TPL), 06/06/2001; Terraplanet Limited (TPL), 15/05/2008; TPL Corporation Limited (TPL), 27/02/2014;
African Chrome Fields Limited (ACJ), 26/02/2015; JustKapital Litigation Partners Limited (JKL), 02/02/2017; JustKapital Limited
(JKL), 28/12/2018
Upcoming Calendar
| 30 Aug 2019 | Report (Prelim) |
| 30 Aug 2019 | Report (Annual) |
| 3 Sep 2019 | Report (Prelim) |
| 27 Feb 2020 | Report (Prelim) |
Dividend History
| Ex-Date | Amount | Franking | Type | Payable |
|---|---|---|---|---|
| No dividends paid in the last 5 years | ||||
See Upcoming Dividends for all ASX companies.
Announcements
| Date | Heading | Pages | File Size | Time |
|---|---|---|---|---|
Broker Consensus
The buy, hold and sell recommendations from Australian stockbroking firms are combined to form a "broker consensus". See the Consensus Data posts for more information.
LAW is not covered by a major broker.
Directors & Management
| Name | Title | Since | Bio |
|---|---|---|---|
| Ms Diane Jones | Chief Executive Officer, Executive Director | Jul 2016 |
|
| Mr Anthony Murphy | Non-Executive Director | Oct 2017 |
|
| Mr Timothy Ian Mackenzie Storey | Non-Executive Director, Non-Executive Chairman | Aug 2014 |
|
| Mr David Wattel | Executive Director | Sep 2018 |
|
| Craig Beatton | Chief Financial Officer | N/A | |
| Sarika Merchant | Chief Financial Officer - NHF | N/A | |
| Anthony Hersch | Chief Operating Officer | N/A | |
| Richard Cruz | Chief Operating Officer - NHF | N/A | |
| Dean Jagger | Company Secretary | N/A |
Director Transactions
LAW directors must report any change in shareholding to the ASX within 5 business days.
See Director Transactions for all ASX companies.
| Date | Director | Type | Amount | Price | Value | Notes |
|---|---|---|---|---|---|---|
| 21/11/18 | Diane Jones | Exercise | 719,366 | $0.074 | $53,233 | Conversion of securities. |
| 21/11/18 | Diane Jones | Buy | +719,366 | $0.074 | $53,233 | Conversion of securities. |
| 21/11/18 | Diane Jones | Issued | 1,427,366 | $0.080 | $114,189 | Rights issue. |
| 07/11/18 | Timothy Storey | Exercise | 166,590 | $0.074 | $12,327 | Conversion of securities. |
| 07/11/18 | Timothy Storey | Buy | +166,590 | $0.074 | $12,327 | Conversion of securities. |
| 07/11/18 | Timothy Storey | Issued | 3,218,212 | $0.080 | $257,456 | Rights issue. |
| 06/11/18 | Anthony Murphy | Issued | 175,000 | $0.080 | $14,000 | Rights issue. |
| 31/01/18 | Timothy Storey | Buy | +634,955 | $0.079 | $50,346 | On-market trade. |
| 25/01/18 | Diane Jones | Buy | +74,637 | $0.077 | $5,747 | On-market trade. |
| 16/01/18 | Diane Jones | Buy | +633,363 | $0.086 | $54,298 | On-market trade. |
| 12/01/18 | Anthony Murphy | Buy | +85,000 | $0.082 | $6,970 | On-market trade. |
Shareholder Distribution
| Holding Size | 1 - 1,000 | 1,001 - 5,000 | 5,001 - 10,000 | 10,001 - 100,000 | 100,001 and over | Total Shareholders |
|---|---|---|---|---|---|---|
| No. of Shareholders | 2,070 | 142 | 87 | 284 | 153 | 2,736 |
Top 20 Shareholders
| Name | Shares | Capital |
|---|---|---|
| Mr Mark Siegel | 107,548,702 | 22.24% |
| Mr David Wattel | 107,548,701 | 22.24% |
| Washington H Soul Pattinson & Company Limited | 43,750,000 | 9.05% |
| Citicorp Nominees Pty Limited | 42,411,334 | 8.77% |
| National Nominees Limited | 35,193,263 | 7.28% |
| Mr John Herbert Bannister | 15,846,390 | 3.28% |
| Litigation Management Pty Limited | 7,333,333 | 1.52% |
| Prolex Holdings Limited (PHL A/C) | 5,218,059 | 1.08% |
| Wattle Laboratories Pty Limited (Advanced Culture Systems A/c) | 4,800,000 | 0.99% |
| BNP Paribas Noms Pty Ltd (IB AU Noms Retail Client DRP) | 4,488,552 | 0.93% |
| Barbright Australia Pty Ltd (Interquartz Super Fund A/C) | 3,899,146 | 0.81% |
| Alpha Bronte Pty Limited (The Bronte Carlo A/c) | 3,500,000 | 0.72% |
| Mr Jason Maxwell Yu | 3,175,000 | 0.66% |
| Onmell Pty Ltd (ONM BPSF A/C) | 2,800,000 | 0.58% |
| Diane Lesley Jones | 2,688,732 | 0.56% |
| Mr Ping Kin Yu & Mrs Wai Ying Elsa Yu (PK and Elsa Super Fund A/c) | 2,600,000 | 0.54% |
| Mr Alistair David Strong | 2,600,000 | 0.54% |
| Garrett Smythe Limited | 2,566,568 | 0.53% |
| BT Portfolio Services Limited | 2,450,928 | 0.51% |
| Mrs Adele Whyte | 2,266,667 | 0.47% |
| All other shareholders | 16.7 % | |
The Top 20 Shareholders of LAW hold 83.3% of shares on issue.
LAW Share Price History
| Date | Close | Change | % Change | Open | High | Low | Volume | Turnover |
|---|---|---|---|---|---|---|---|---|
LAW Historical Data
Download up to 20 years of share price history.
| Year | Closing Price (30 June) | Last Trade |
|---|
Offical data as published by ASX. See more Data Downloads.
Company Details
Principal Activity: Medical lien funding, Litigation funding, Disbursement and short term funding and Insurance broking for after the event insurance.
Incorporated: in NSW on 06/08/1999 as terraplanet.com Limited. Name changed to Terraplanet Limited (TPL) on 06/06/2001. Name changed to TPL Corporation Limited (TPL) on 15/05/2008.
Suite 1B, Level 16, 56 Pitt St
Sydney NSW 2000
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