IMF Bentham

Company updates

IMF Bentham - FY17, a year of consolidation

FY17 represented a year of consolidation as the company worked on its diversification strategy and expansion into new markets. In our opinion, the 7.40% June 2020 secured bonds offer good value at mid price of $103.6 and YTW of 5.81%. Furthermore, we believe that these bonds provide portfolio diversity as litigation funding is relatively uncorrelated to general economic conditions

Company updates

Company updates – Emeco, Genworth Australia, Genworth Holdings Inc., IMF Bentham, McPherson’s and NRW Holdings

Emeco announced a revised timeline for its creditors’ meeting, both Genworth Australia and Genworth Holdings Inc. posted multiple updates, IMF Bentham announced the establishment of a $200m US focused litigation funding vehicle, McPherson’s released their preliminary unaudited 1H17 results and NRW Holdings has been awarded a contract from Altura Mining Limited

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