dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,056
Likes: 617
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Post by dave4 on Oct 28, 2021 9:14:59 GMT
New (old) project available for funding for anyone thinking of adding litigation funding to the diversification spread.
Details from E mail. Now open to All. (59% Already funded)Claim type: Section 994 petition by two minority shareholders. Funding required: £190,000. Potential return: Potential Multiple on Capital (MoC) for investors up to 3.2x (at 30 months). Strong legal merits: Counsel estimates strong prospects of success at trial (65-70%) if the case has not settled beforehand. Offer closing on or before: 16th November 2021.
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Post by Ace on Nov 1, 2021 12:06:25 GMT
New (old) project available for funding for anyone thinking of adding litigation funding to the diversification spread.
Details from E mail. Now open to All. (59% Already funded)Claim type: Section 994 petition by two minority shareholders. Funding required: £190,000. Potential return: Potential Multiple on Capital (MoC) for investors up to 3.2x (at 30 months). Strong legal merits: Counsel estimates strong prospects of success at trial (65-70%) if the case has not settled beforehand. Offer closing on or before: 16th November 2021. Now only £3.5k left.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,056
Likes: 617
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Post by dave4 on Nov 1, 2021 18:21:55 GMT
Details from E mail. Now open to All. (59% Already funded)Claim type: Section 994 petition by two minority shareholders. Funding required: £190,000. Potential return: Potential Multiple on Capital (MoC) for investors up to 3.2x (at 30 months). Strong legal merits: Counsel estimates strong prospects of success at trial (65-70%) if the case has not settled beforehand. Offer closing on or before: 16th November 2021. Now only £3.5k left. 100% funded, with 15 days to run.
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Post by overthehill on Nov 3, 2021 17:10:27 GMT
The project funding sweetspot seems to be in the range 200k-300k at the moment.
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Post by Ace on Nov 11, 2021 15:49:28 GMT
Another case has settled via mediation. Haircuts were required by all, but still a healthy profit at 33% over 13 to14 months.
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ton27
Member of DD Central
Posts: 431 
Likes: 267
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Post by ton27 on Nov 11, 2021 16:05:15 GMT
A good result but not sure I understand the numbers. AF state a 33% return but from the figures it looks as if the return is £41.5k on £80k.
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Post by Ace on Nov 11, 2021 16:06:34 GMT
A good result but not sure I understand the numbers. AF state a 33% return but from the figures it looks as if the return is £41.5k on £80k. That's the gross return before various fees are taken.
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ton27
Member of DD Central
Posts: 431
Likes: 267
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Post by ton27 on Nov 11, 2021 16:16:18 GMT
Again, looking at the figures supplied by AF, all the fees seem to come off after the amounts owed to the AF company. Still puzzled but still ok and when the cash arrives it will all be clear (maybe?)
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Post by Ace on Nov 11, 2021 16:28:20 GMT
Again, looking at the figures supplied by AF, all the fees seem to come off after the amounts owed to the AF company. Still puzzled but still ok and when the cash arrives it will all be clear (maybe?) They look to be valid fees to me. The largest one is AF's performance fee, which is taken as the contracted 20% of the profit.
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Post by Ace on Nov 12, 2021 12:19:33 GMT
The capital and profits for Case ID 2742 has now been payed to the cash account. Well done AF.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,056
Likes: 617
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Post by dave4 on Dec 20, 2021 16:29:28 GMT
#Case ID: 3565 launch 22nd/12/2020 (links to # Case id 3784)
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,056
Likes: 617
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Post by dave4 on Dec 22, 2021 10:05:30 GMT
#Case ID: 3565 launch 22nd/12/2020 (links to # Case id 3784) Now Live, details freely available ect and £41k in £1k chunks available.
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ton27
Member of DD Central
Posts: 431
Likes: 267
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Post by ton27 on Dec 22, 2021 11:00:45 GMT
Fully funded very quickly in spite of minimum increasing to £1000 and previous round. Looks like AF is gaining popularity.
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Post by overthehill on Dec 22, 2021 11:26:21 GMT
Fully funded very quickly in spite of minimum increasing to £1000 and previous round. Looks like AF is gaining popularity.
Especially as it is basically another tranche of an existing case. I like the idea behind this kind of funding as the legal system is totally unaffordable or too risky financially for the majority of wronged claimants. There are not enough loans at the moment. However I'm not sure I would be so willing to invest at a 1000 min.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,056
Likes: 617
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Post by dave4 on Dec 22, 2021 13:55:26 GMT
Fully funded very quickly in spite of minimum increasing to £1000 and previous round. Looks like AF is gaining popularity.
Especially as it is basically another tranche of an existing case. I like the idea behind this kind of funding as the legal system is totally unaffordable or too risky financially for the majority of wronged claimants. There are not enough loans at the moment. However I'm not sure I would be so willing to invest at a 1000 min.
Not to keen on the trend towards £1k chunks myself. I can understand that the platform finds chunks of ££ easier and convenient, (imagine the headache of sorting £3.99 pledges).Maybe a little bit of feedback on this subject to AF may be worthwhile?. Im personally in the £500 chunks compromise camp and have e mailed AF my feelings along with Christmas wishes and another matter.
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