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Omni Bridgeway Ltd (obl) Logo

Omni Bridgeway Ltd (OBL)

___:___ · Industrials
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VOLUME
DIV YIELD
PE RATIO
1 YR RETURN
52 WEEK RANGE
Overview
Financials (10-yr)

OBL Chart

Snapshot

OBL's Principal Activity is the investigation, management and funding of litigation.

Share Price Activity

Last (Price)
Change 0.00 (0.00)
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) -52.85%
vs ASX 200 (1yr) -30.90%

Size

Market Capitalisation
ASX Rank 344 of 2,319
Sector Rank 29 of 172

Key Fundamentals

Shares Issued
Sector Industrials
Similar Companies SGF / NWH / MND
EPS -$0.099
DPS $0.00
NTA per share $0.66

Broker Consensus

OBL 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

Corporate Overview

Omni Bridgeway Limited (OBL, formerly IMF Bentham Limited) is engaged in dispute resolution finance, with specialising in civil and common law legal and recovery systems, and operations spanning Asia, Australia, Canada, Europe, the Middle East, the UK and the US. Omni Bridgeway is provider of funding solutions and offers end-to-end dispute finance from case inception through to post-judgment enforcement and recovery.

Incorporation Details

Incorporated in WA on 01/12/1994. Name changed to Insolvency Management Fund Limited on 19/10/2001. Name changed to IMF (Australia) Ltd. on 28/11/2002.

Corporate Details

Head Office Sydney NSW 2000
Website www.omnibridgeway.com
Registry Computershare
Auditor BDO (Audit) WA Pty Ltd
Date Listed 28 Jan 2000

Upcoming Calendar (Forecasted)

Date Event
25/02/2022 Report (Interim)
19/08/2022 Report (Prelim)
19/08/2022 Report (Annual)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
01/09/2020 $0.04 100% $0.0571 Final 25/09/2020
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See Upcoming Dividends for all ASX companies.

Key Data
DPS(TTM) $0.00
Gross DPS(TTM) $0.00
Dividend yield
Gross yield
Payout Ratio 0%
DRP Yes
DRP Features -

Directors & Management

Directors & Management

Name Title Since Bio
Mr Raymond van Hulst Executive Director Apr 2020 Director Bio icon

Mr Raymond van Hulst

Executive Director

Mr van Hulst has 20 years experience in structuring and managing innovative solutions for complex and high value litigation funding and legal enforcement matters. Mr van Hulst has established two institutionally backed funds aimed at funding legal disputes and enforcement matters, including in joint venture with the International Finance Corporation, part of the World Bank for the Distressed Asset Recovery Program. He leads Omni Bridgeway's Investment Committee for these funds. Mr van Hulst also led Omni Bridgeway's acquisition of its German funding business, Roland ProzessFinanz, in 2017. Mr van Hulst was previously with ABN AMRO Bank Structured Finance, based out of India and Europe.

Ms Christine Anne Feldmanis Non-Executive Director Nov 2018 Director Bio icon

Ms Christine Anne Feldmanis

Non-Executive Director

Ms Feldmanis has over 30 years of experience in the finance and investment industry. She was previously Managing Director of an ASX-listed boutique funds management incubator business and Chief Finance Officer of the NSW Treasury Corporation. As a professional Non-Executive Director and experienced Board Committee Chair, Ms Feldmanis' current Non-Executive Director roles include FIIG Securities Limited, Bell Financial Group Ltd, Bell Asset Management Limited, Rabobank Australia Ltd and not-for-profit organisation, Foodbank NSW. Ms Feldmanis was appointed to the Board as a Non-Executive Director in November 2018. She is Chair of Risk committee and a member of the corporate Governance committee.
Ms Karen Leslie Phin Non-Executive Director Aug 2017 Director Bio icon

Ms Karen Leslie Phin

Non-Executive Director

Ms Phin has over 25 years of experience advising Australian listed companies in the retail, banking, industrial and natural resources sectors on capital management, capital raisings and mergers and acquisitions. Until 2014, she was a Managing Director and Head of Capital Advisory at Citigroup in Australia and New Zealand. Prior to joining Citigroup, she spent 12 months at ASIC in the Corporations group. From 1996 to 2009, Ms Phin was a Managing Director at UBS AG, where she established and led the Capital Management Group. She is currently a Non-Executive Director of Magellan Financial Group Limited and ARB Corporation Limited and is a member of the Takeovers Panel. She is Chair of Corporate governance committee and a member of the Risk committee.

Mr Jeremy Sambrook Company Secretary,General Counsel Jan 2016
Mr Michael Graham Doveton Kay Non-Executive Chairman,Non-Executive Director Jul 2015 Director Bio icon

Mr Michael Graham Doveton Kay

Non-Executive Chairman,Non-Executive Director

Mr Kay was Chief Executive Officer and Managing Director of salary packaging company McMillan Shakespeare Limited. He was previously Chief Executive Officer of national insurer AAMI and before that spent 12 years in private legal practice. Mr Kay is Chairman and Non-Executive Director of City Chic Collective Limited and Non-Executive Director of Pharmacy Guild Australia (appointed February 2021). Mr Kay is a member of the Risk and Corporate Governance Committee.

Mr Andrew Saker Chief Executive Officer,Managing Director Jan 2015 Director Bio icon

Mr Andrew Saker

Chief Executive Officer,Managing Director

Mr Saker was appointed Managing Director and Chief Executive Officer on 5 January 2015. Since then, he has worked on geographic expansion, product diversification, and migrating the company's business model from capital management to fund management. In 2019 Mr Saker led the merger, and subsequent integration, of the IMF Bentham and Omni Bridgeway businesses to form the global Omni Bridgeway Group. Mr Saker has worked in Australia, Asia and the United States.

Mr Hugh McLernon Executive Director Mar 2009 Director Bio icon

Mr Hugh McLernon

Executive Director

Mr McLernon has been an Executive Director and member of the company's Investment Committee since 2001. He also oversees Special Projects for the company. Mr McLernon is a lawyer by training. After graduation, he worked as a Crown Prosecutor for eight years and then as a barrister at the independent bar for a further nine years, before joining Clayton Utz for three years as a litigation partner. In 1988, he retired from legal practice and introduced the secondary life insurance market into Australia through the Capital Life Exchange. He also pioneered the funding of large-scale litigation in Australia through McLernon Group Limited in 1992. From 1996 to 2001, he was the Managing Director of McLernon Group Limited, as well as the Hill Group of companies which operates in the finance, mining, property, insurance and general investment arenas of Australia. In 2001, Mr McLernon promoted the listing of Insolvency Management Fund Limited (now Omni Bridgeway Limited) onto the ASX.

Mr Michael Phillip Bowen Non-Executive Director Sep 2001 Director Bio icon

Mr Michael Phillip Bowen

Non-Executive Director

Mr Bowen was a partner of global law firm DLA Piper and joined Thomson Geer in 2021. He practises primarily corporate, commercial and securities law with an emphasis on mergers, acquisitions, capital raisings and resources. Mr Bowen assists the Managing Director on matters concerning corporations law. Mr Bowen was appointed to the Board as a Non-Executive Director in December 2001. Mr Bowen is also a Non-Executive Director of Lotus Resources Limited (appointed 22 February 2021). He is a member of the Risk and corporate Governance committee.

Stuart Mitchell Chief Financial Officer N/A
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Director Transactions

OBL 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
03/09/21 Hugh McLernon Sell +225,000 $4.25 ($956,250) On-market trade
01/09/21 Hugh McLernon Sell +476,740 $4.03 ($1,921,262) On-market trade
30/08/21 Michael Kay Buy +50,000 $3.90 $195,000 On-market trade
08/04/21 Hugh McLernon Sell +1,000,000 $3.63 ($3,630,000) On-market trade
31/03/21 Michael Kay Buy +48,631 $3.521 $171,220 On-market trade
23/03/21 Hugh McLernon Sell +209,008 $3.60 ($752,428) On-market trade
18/12/20 Raymond van Hulst Issued 92,652 $3.97 $367,828 Issue of securities
18/12/20 Hugh McLernon Issued 249,020 $3.97 $988,609 Issue of securities
18/12/20 Andrew Saker Issued 263,898 $3.97 $1,047,675 Issue of securities
04/12/20 Raymond van Hulst Issued 1,747,551 $3.41 $5,959,148 Issue of securities
25/09/20 Christine Feldmanis Issued 471 $3.837 $1,807 Dividend Reinvestment Plan (DRP)
25/09/20 Michael Bowen Issued 11,496 $3.838 $44,121 Dividend Reinvestment Plan (DRP)
25/09/20 Michael Kay Issued 4,346 $3.838 $16,679 Dividend Reinvestment Plan (DRP)
25/09/20 Andrew Saker Issued 1,878 $3.838 $7,207 Dividend Reinvestment Plan (DRP)
09/09/20 Raymond van Hulst Buy +26,000 $4.04 $105,040 As advised by the company
01/09/20 Raymond van Hulst Buy +330,000 $4.285 $1,413,920 As advised by the company
09/06/20 Andrew Saker Issued 434,732 $4.83 $2,099,755 Issue of securities
09/06/20 Hugh McLernon Issued 417,342 $4.83 $2,015,761 Issue of securities
20/03/20 Christine Feldmanis Issued 185 $4.043 $748 Dividend Reinvestment Plan (DRP)
20/03/20 Andrew Saker Issued 1,327 $4.043 $5,365 Dividend Reinvestment Plan (DRP)
20/03/20 Michael Bowen Issued 8,124 $4.044 $32,850 Dividend Reinvestment Plan (DRP)
11/03/20 Christine Feldmanis Buy +5,000 $3.99 $19,950 On-market trade
11/03/20 Christine Feldmanis Buy +5,000 $3.99 $19,950 On-market trade
06/03/20 Michael Kay Buy +20,000 $4.107 $82,140 On-market trade
04/03/20 Christine Feldmanis Buy +15,000 $4.18 $62,700 On-market trade
04/03/20 Christine Feldmanis Buy +15,000 $4.18 $62,700 On-market trade
02/03/20 Michael Kay Buy +30,000 $4.266 $127,971 On-market trade
02/03/20 Michael Kay Buy +30,000 $4.266 $127,971 On-market trade
20/12/19 Andrew Saker Sell +100 $1,000.00 ($100,000) As advised by the company
20/12/19 Christine Feldmanis Buy +50 $1,000.00 $50,000 As advised by the company
05/11/19 Michael Bowen Issued 75,022 $3.40 $255,075 Rights issue
05/11/19 Michael Kay Issued 53,974 $3.40 $183,512 Rights issue
05/11/19 Hugh McLernon Issued 294,118 $3.40 $1,000,001 Rights issue
05/11/19 Andrew Saker Issued 10,000 $3.40 $34,000 Rights issue
05/11/19 Karen Phin Issued 4,010 $3.40 $13,634 Rights issue
17/10/19 Christine Feldmanis Buy +25,000 $3.575 $89,375 On-market trade
17/12/18 Hugh McLernon Issued 387,070 $2.86 $1,107,020 Issue of securities
17/12/18 Andrew Saker Issued 410,810 $2.86 $1,174,917 Issue of securities
16/11/18 Hugh McLernon Issued 5,357 $2.80 $15,000 Participation in share purchase plan
16/11/18 Andrew Saker Issued 5,357 $2.80 $15,000 Participation in share purchase plan
16/11/18 Michael Kay Issued 5,357 $2.80 $15,000 Participation in share purchase plan
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Director Interests

The current holdings of OBL directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Hugh McLernon 03/09/2021 300,539 3,183,703 0 N/A
Michael Kay 30/08/2021 0 520,000 N/A N/A
Raymond van Hulst 30/06/2021 N/A 2,153,551 N/A N/A
Christine Feldmanis 30/06/2021 N/A 45,656 N/A N/A
Andrew Saker 30/06/2021 N/A 182,068 N/A N/A
Karen Phin 30/06/2021 27,266 N/A N/A N/A
Michael Bowen 30/06/2021 N/A 1,114,620 N/A N/A
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Shareholder Info

Top 20 Shareholders
About the Data

Data supplied by Morningstar and accurate on Jul 31, 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
HSBC Custody Nominees (Australia) Limited 61,280 23.40%
Citicorp Nominees Pty Limited 41,228 15.73%
J P Morgan Nominees Australia Pty Limited 40,947 15.62%
National Nominees Limited 18,172 6.93%
HSBC Custody Nominees (Australia) Limited (i) 8,212 3.13%
UBS Nominees Pty Ltd 7,640 2.91%
BNP Paribas Noms Pty Ltd 7,085 2.70%
CPU Share Plans Pty Ltd 4,830 1.84%
BNP Paribas Nominees Pty Ltd 4,035 1.54%
HSBC Custody Nominees (Australia) Limited (ii) 3,717 1.42%
Mclernon Group Superannuation Pty Ltd 3,136 1.20%
BNP Paribas Nominees Pty Ltd Six Sis Ltd 2,839 1.08%
Citicorp Nominees Pty Limited (i) 1,972 0.75%
HSBC Custody Nominees (Australia) Limited (iii) 1,766 0.67%
CPU Share Plans Pty Ltd (i) 1,278 0.49%
Mr Peter Frederick Phillips + Mrs Alice Sau Han Phillips 1,274 0.49%
Riverdoor Capital B.V 1,209 0.46%
Mr Dennis John Banks 1,097 0.42%
BNP Paribas Nominees Pty Ltd (i) 1,075 0.41%
Merrill Lynch (Australia) Nominees Pty Limited 1,057 0.40%
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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 1,299 1,714 768 855 76 4,712

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 (%)
Amitell Capital Pte Ltd 31/07/2021 15,798,137 6.03
Greencape Capital Pty Ltd 14/09/2021 22,807,474 8.61
Challenger Limited 14/09/2021 22,807,474 8.61
Retail Employees Superannuation Pty Limited 06/10/2021 17,193,738 6.49
Perpetual Limited and subsidiaries 06/10/2021 15,746,072 5.94

Shareholders Buying

12 month transaction history compiled from ASX announcements.

Date Name Bought Previous % New %
06-10-21 Retail Employees Superannuation Pty Limited 17,193,738 -- 6.49
14-09-21 Greencape Capital Pty Ltd 3,045,106 7.54 8.61
14-09-21 Challenger Limited 3,045,106 7.54 8.61
31-03-21 Amitell Capital Pte Ltd 3,085,025 5.00 6.03
31-03-21 Challenger Limited 3,265,807 6.49 7.54
31-03-21 Greencape Capital Pty Ltd 3,265,807 6.49 7.54
30-12-20 Vanguard Group 13,109,887 -- 5.00
12-11-20 Amitell Capital Pte Ltd 12,713,112 -- 5.00

Shareholders Selling

12 month transaction history compiled from ASX announcements.

Date Name Sold Previous % New %
06-10-21 Perpetual Limited and subsidiaries 4,839,989 7.85 5.94
21-05-21 Vanguard Group 13,109,887 5.00 --
04-02-21 Perpetual Limited and subsidiaries 1,886,093 8.87 7.85
04-12-20 Eley Griffiths Group Pty limited 13,129,626 5.25 --
04-12-20 Vanguard Group 12,657,019 5.07 --

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2020 $4.77 30 June
2017 $0.003 28 June
2016 $0.006 28 June
2015 $0.003 30 June
2014 $0.01 30 June
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OBL Historical Price Data (CSV)
Up to 20 years of EOD share price history
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