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Omni Bridgeway (ASX:OBL) - Managing Director & CEO, Andrew Saker - The Market Herald
Managing Director & CEO, Andrew Saker
Source: The CEO Magazine
  • Omni Bridgeway (OBL) has posted its portfolio update for the June quarter and the 2020 financial year
  • The company made 20 investments in FY20 to bring in a gross consolidated litigation investment income of $288.5 million — the highest total the company has ever reported
  • For the June quarter alone, the company made $112.3 million in income from 11 investments in various companies pursuing litigation
  • Now, the total earnings power value EPV for the all the funded, conditionally funded and partially funded investments in Omni's portfolio is an eye-watering $15.8 billion
  • It marks a 10 per cent jump from the previous quarter's $13.7 billion valuation
  • Omni Bridgeway shares are unchanged at market open, trading for just over $4.50

Omni Bridgeway (OBL) has posted its portfolio update for the June quarter and the 2020 financial year.

Omni is a dispute resolute finance firm, meaning it loans money to companies to complete litigation. Once the litigation is complete, Omni is paid out or acquires an ownership stake in the business.

It also operates a debt collection service and provides these services to business all over the world.

The company made 20 investments in FY20 to bring in a gross consolidated litigation investment income of $288.5 million — the highest total the company has ever reported.

In addition, the company’s June quarter netted some $112.3 million in income from litigations, underpinned by 11 investments. The company spent $65.4 million on those assets, and the earnings power value (EPV) of these investments totalled $1.4 billion.

This financial year, Omni is expecting another $179.3 million in pending income from investments which were completed prior to the end of the financial year but don't meet revenue recognition accounting standards. A further $17.4 million from investments completed in FY20 will also fall into FY21's books.

The total EPV for the all the funded, conditionally funded and partially funded investments in Omni's portfolio is an eye-watering $15.8 billion — a 10 per cent jump from the previous quarter's $13.7 billion valuation.

Omni Bridgeway shares are unchanged at market open, trading for $4.58 at 10:35 am AEST.


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