Insights

Why the Omni Bridgeway (ASX:OBL) share price is one to watch

The Omni Bridgeway Ltd (ASX OBL) share price is one to watch after the litigation funder’s latest ASX announcement this morning.
The post Why the Omni Bridgeway (ASX:OBL) share price is one to watch appeared first on The Motley Fool Australia. –

hand arranging wooden blocks that spell update

The Omni Bridgeway Ltd (ASX: OBL) share price is one to watch in early trade after an update from the Aussie litigation funder.

Why is the Omni Bridgeway share price on watch?

Omni Bridgeway has this morning announced that it will remain listed on the Australia Securities Exchange (ASX). The company reviewed its listing venue after a request from “a number of institutional shareholders” as announced at its annual general meeting (AGM).

The board has now conducted the review including a “detailed analysis” of the “optimum” listing venue for the group. Remaining ASX listed is the best way forward following the board’s review.

The Omni Bridgeway share price is one to watch following the review. Shares in the Aussie litigation funder surged 4.4% higher on Friday despite no new announcements.

Share price gains have been hard to come by for shareholders in 2021. The Omni Bridgeway share price has slid 24.2% lower this year to $3.36 per share with an $880.9 million market capitalisation.

The company’s focus is on executing against its new 5-year business plan announced in November 2020. That includes completing its evolution into a “global alternative investment manager of legal assets”.

The last year has been something of a rollercoaster for the Omni Bridgeway share price. That culminated in the group’s shares hitting a new 52-week low of $3.16 per share on Friday.

Foolish takeaway

This morning’s announcement means Omni Bridgeway shares look set to stay on the ASX boards.

Investors in the Aussie litigation funder will be watching the company’s shares in early trade following the latest update. The Omni Bridgeway share price is currently trading just shy of a 52-week low with a 2.1% per annum dividend yield.

The S&P/ASX 200 Index (ASX: XJO) is tipped to open higher this morning based on the latest SPI futures numbers led by higher oil prices.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Why the Omni Bridgeway (ASX:OBL) share price is one to watch appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!