Juridica (JIL) is coming up with a yield of 10% which makes them prima facie interesting.
They appear to "invest" in legal cases - but that evidently means something more subtle than simply providing funding for litigation in return for a share of the proceeds. But that said the subtlety has eluded my grasp during a preliminary 10 minute review.
Anyone out there got an opinion/view/insight?
Informed comments gratefully received.
My understanding (as always please check for yourself and do your own research) is that the company are legal experts and specifically experts in patents and patent litigation. They provide finance for patent litigation in the US for cases that they have judged to be likely to succeed. And they structure the financing so that they will make good profits out of successful cases but maybe don't get much back if a case fails.
I have held the shares for two years and have made good returns so far. The share price performance tends to be very lumpy - nothing happens for many months and then, when the proceeds of a successful case are announced the shares jump prior to the payment of a big dividend.
Hope that helps
Julian
