Lawfinance Ltd (law) Logo

Lawfinance Ltd (LAW)

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LAW Chart

LAW's Principal Activity is the medical lien funding, Litigation funding and Disbursement funding.

Share Price Activity

Last (Price)
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Bid / Ask -
Volume
Volume (4w avg)
Turnover
Open
Day Range -
VWAP
Prev Close
Last Trade

Performance

1 Week
1 Month
2021 YTD
1 Year
vs Sector (1yr) -102.39%
vs ASX 200 (1yr) -93.83%

Size

Market Capitalisation
ASX Rank 1,457 of 2,295
Sector Rank 98 of 130

Key Information

Shares Issued
Sector Financial Services
Similar Companies NSX / BWF / PNC
EPS -$11.22
DPS $0.00
NTA per share -$5.32

Broker Consensus

LAW is not covered by a major broker, or data from most recent compilation was omitted due to not meeting QA guidelines.

Announcements

Date Heading Pages File Size Time

Company Overview

LawFinance Limited (LAW, formerly JustKapital Limited) is a diversified financing business that specialises in personal injury funding in both Australia and the US. The group's business activities consist of Medical lien funding and Disbursement funding.

Incorporation Details

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.

Corporate Details

Head Office Sydney NSW 2000
Website www.lawfinance.com.au
Registry Automic Group
Auditor Stantons International Audit and Consulting Pty Ltd
Date Listed 12 May 2000

Upcoming Calendar (Forecasted)

Date Event
31/08/2021 Report (Interim)
25/02/2022 Report (Prelim)
30/03/2022 Report (Annual)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
No dividends paid.

See Upcoming Dividends for all ASX companies.

Directors & Management

Directors & Management

Name Title Since Bio
Mr Andrew Palfreyman Company Secretary Feb 2021
Mr Daniel Kleijn Chief Executive Officer,Managing Director Dec 2020 Director Bio icon

Mr Daniel Kleijn

Chief Executive Officer,Managing Director

Mr Kleijn was a Managing Director at Lazard and UBS. Daniel is a mentor to CEOs of charities.

Mr David Wattel Executive Director Sep 2018 Director Bio icon

Mr David Wattel

Executive Director

Mr Wattel has practiced personal injury law ever since graduating. He founded Wattel & York. He speaks at range of conferences in the area of personal injury and litigation. He has been managing and overseeing the growth of NHF.

Mr Anthony Murphy Non-Executive Director Oct 2017 Director Bio icon

Mr Anthony Murphy

Non-Executive Director

Mr Murphy is the Chief Executive Officer of Lucerne Investment Partners and is in charge for overseeing both Group strategy and ongoing management at Lucerne Investment Partners. Anthony founded and led the Australian Wealth Management business at Canaccord Genuity. He is a member of the Risk Committee.

Mr Timothy Ian Mackenzie Storey Non-Executive Director,Non-Executive Chairman Aug 2014 Director Bio icon

Mr Timothy Ian Mackenzie Storey

Non-Executive Director,Non-Executive Chairman

Mr Storey holds a number of directorships in range of private and public companies. He was a partner at one of New Zealand's premier law firms through to 2006 and has practised in both Australia and New Zealand, focusing on corporate, commercial and property transactions. He is Chairman of Stride Property Group and Director of Investore Property Limited. He is a Chairman of the Risk Committee.

Phil Smith Chief Financial Officer N/A
Anthony Hersch Chief Operating Officer N/A
Richard Cruz Chief Operating Officer - NHF N/A
Craig Beatton Head of Reporting and Compliance 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
02/06/21 Daniel Kleijn Issued 2,500,000 $0.01 $25,000 Director remuneration
02/06/21 Daniel Kleijn Issued 2,700,000 $0.025 $67,500 Placement
28/05/21 Anthony Murphy Buy +9,375,000 $0.044 $412,500 As advised by the company
28/05/21 Timothy Storey Issued 7,600,000 $0.013 $98,800 Placement
14/12/20 Anthony Murphy Buy +700,000 $0.03 $20,920 On-market trade
08/12/20 Diane Jones Transfer 4,944,738 $0.033 $163,176 Off-market transfer
08/12/20 Diane Jones Transfer 4,944,738 $0.033 $163,176 Off-market transfer
02/04/20 Diane Jones Issued 819,090 $0.064 $52,421 Conversion of securities
02/04/20 Diane Jones Exercise 500 $0.03 $15 Conversion of securities
13/03/20 David Wattel Issued 35,750,000 $0.054 $1,930,500 Issue of options
21/02/20 Diane Jones Issued 391,183 $0.064 $25,036 Rights issue
21/02/20 Anthony Murphy Issued 440,000 $0.064 $28,160 Rights issue
21/02/20 Timothy Storey Issued 660,301 $0.064 $42,259 Rights issue
21/02/20 Timothy Storey Issued 660,301 $0.064 $42,259 Rights issue
21/02/20 Diane Jones Issued 391,183 $0.064 $25,035 Rights issue
21/02/20 Anthony Murphy Issued 440,000 $0.064 $28,160 Rights issue
02/01/20 Anthony Murphy Buy +631,250 $0.064 $40,400 Placement
23/10/19 Anthony Murphy Buy +4,075 $0.073 $297 On-market trade
22/10/19 Anthony Murphy Buy +75,000 $0.073 $5,475 On-market trade
09/10/19 Anthony Murphy Buy +524,276 $0.07 $36,699 On-market trade
30/09/19 Diane Jones Buy +337,733 $0.069 $23,304 On-market trade
19/09/19 Anthony Murphy Buy +420,925 $0.066 $27,781 On-market trade
12/09/19 Anthony Murphy Buy +475,724 $0.064 $30,446 On-market trade
04/09/19 Anthony Murphy Buy +765,197 $0.062 $47,473 On-market trade
04/09/19 Anthony Murphy Buy +584,803 $0.062 $36,281 Off-market trade
21/11/18 Diane Jones Issued 1,427,366 $0.08 $114,189 Rights issue
21/11/18 Diane Jones Buy +719,366 $0.074 $53,233 Conversion of securities
21/11/18 Diane Jones Exercise 719,366 $0.074 $53,233 Conversion of securities
06/11/18 Anthony Murphy Issued 175,000 $0.08 $14,000 Rights issue

Director Interests

The current holdings of LAW directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Daniel Kleijn 02/06/2021 2,700,000 N/A N/A N/A
Timothy Storey 28/05/2021 0 14,863,315 1,465,705 N/A
Anthony Murphy 28/05/2021 N/A 15,011,250 N/A N/A
David Wattel 31/12/2020 107,548,701 N/A 35,750,000 N/A

Shareholder Info

Top 20 Shareholders About the Data

Data supplied by Morningstar and accurate on Mar 29, 2021.

It's not possible to publish a real-time Top 20 Shareholder list. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). If a company chooses to publish the data, it's usually once a year in their Annual Report.

All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (<7 days for ASX 300 and up to 30 days for micro-caps).

Name Shares Capital
Citicorp Nominees Pty Limited 144,233,412 12.33%
National Nominees Limited 113,420,169 9.69%
Mr Mark Siegel 107,548,702 9.19%
Mr David Wattel 107,548,701 9.19%
J P Morgan Nominees Australia Pty Limited 66,000,000 5.64%
Washington H Soul Pattinson & Company Limited 43,750,000 3.74%
Principis Master Fund SPC (Lucerne Composite Master A/c) 43,047,018 3.68%
Principis Master Fund SPC (Lucerne Comp Mast Fund SP) 40,000,000 3.42%
Factotum Group Pty Limited (Factotum Partners A/c) 25,300,000 2.16%
Australian Philanthropic Services Foundation Pty Limited (APS Foundation A/c) 20,000,001 1.71%
Aquasia Pty Limited (Aquasia Private Invest A/c) 20,000,000 1.71%
Barbright Australia Pty Ltd (Interquartz Super Fund A/c) 19,000,000 1.62%
Mr John Herbert Bannister 16,963,146 1.45%
National Nominees Limited i 16,079,831 1.37%
Litigation Management Pty Limited 13,140,625 1.12%
J F Byrnes Super Pty Ltd (Argoon Avenue S/F A/c) 8,618,182 0.74%
Kesor Pty Limited (Sorensen Superfund A/c) 8,400,000 0.72%
Ms Snezana Bowden 8,300,000 0.71%
Efficient Frontier Investments SA 8,000,000 0.68%
Mr Jason Maxwell Yu 7,700,000 0.66%

Shareholder Distribution

As reported in the most recent Annual Report.

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001+ Total
No. of Shareholders 39 15 54 289 296 693

Substantial Shareholders

A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.

Shareholding changes less than 1% do not require notification to the market. When all “Last Notice” dates are identical, it suggests that no (or minimal) change has occurred since the most recent Annual Report.

Name Last Notice Total Shares Shares Held (%)
J P Morgan Nominees Australia Pty Limited 29/03/2021 66,000,000 5.64
Citicorp Nominees Pty Limited 29/03/2021 144,233,412 12.33
National Nominees Limited 29/03/2021 113,420,169 9.69
AquAsia Pty Ltd 28/05/2021 477,745,807 12.00
Credit Suisse Holdings (Australia) Limited 28/05/2021 230,769,231 5.80
PURE Asset Management Pty Ltd 28/05/2021 519,166,836 13.04
Lucerne Services Pty Ltd and associates 28/05/2021 4,117,018 10.34

Shareholders Buying

12 month transaction history compiled from ASX announcements.

Date Name Bought Previous % New %
28-05-21 Credit Suisse Holdings (Australia) Limited 230,769,231 -- 5.80
28-05-21 PURE Asset Management Pty Ltd 453,166,836 5.64 13.04
28-05-21 AquAsia Pty Ltd 477,745,807 -- 12.00
14-12-20 PURE Asset Management Pty Ltd 66,000,000 -- 5.64
14-12-20 EGP Capital Pty Ltd 32,500,000 10.00 11.07

Shareholders Selling

12 month transaction history compiled from ASX announcements.

Date Name Sold Previous % New %
28-05-21 Lucerne Services Pty Ltd and associates 187,186,139 19.79 10.34
28-05-21 Mark Siegel 107,548,702 9.19 --
28-05-21 EGP Capital Pty Ltd 129,500,000 11.07 --
28-05-21 David Wattel 107,548,701 9.19 --

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2020 $0.041 30 June
2019 $0.068 28 June
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LAW Historical Price Data (CSV)
Up to 20 years of EOD share price history
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