New Risk • Apr 29
New major risk - Revenue and earnings growth Earnings have declined by 10% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$76.1m market cap). Announcement • Apr 28
Life Settlement Assets PLC, Annual General Meeting, Jun 09, 2026 Life Settlement Assets PLC, Annual General Meeting, Jun 09, 2026. Location: the offices of cavendish capital markets limited, 1 bartholomew close, ec1a 7bl, london United Kingdom New Risk • Apr 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (US$72.9m market cap). Board Change • Apr 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). Director Christopher Casey was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 12
Upcoming dividend of US$0.068 per share Eligible shareholders must have bought the stock before 19 March 2026. Payment date: 14 April 2026. The company last paid an ordinary dividend in April 2020. The average dividend yield among industry peers is 3.2%. Board Change • Mar 04
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). Director Christopher Casey was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 06
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). Director Christopher Casey was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 12
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Christopher Casey was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 03
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Christopher Casey was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Oct 02
Upcoming dividend of US$0.045 per share Eligible shareholders must have bought the stock before 09 October 2025. Payment date: 30 October 2025. The company last paid an ordinary dividend in April 2020. The average dividend yield among industry peers is 2.9%. Board Change • Sep 26
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Christopher Casey was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Aug 26
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Christopher Casey was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Aug 11
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Christopher Casey was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jul 09
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Christopher Casey was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Christopher Casey was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 30
Life Settlement Assets PLC, Annual General Meeting, Jun 18, 2025 Life Settlement Assets PLC, Annual General Meeting, Jun 18, 2025. Location: the offices of acheron capital limited, 5 10 bolton street, 3rd floor, w1j 8ja, london United Kingdom Board Change • Apr 14
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Christopher Casey was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 05
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Christopher Casey was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • May 01
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (US$86.0m market cap). Announcement • May 01
Life Settlement Assets PLC, Annual General Meeting, Jun 18, 2024 Life Settlement Assets PLC, Annual General Meeting, Jun 18, 2024, at 13:00 Coordinated Universal Time. Location: offices of Acheron Capital Limited, 5-10 Bolton Street, 3rd Floor, London W1J 8JA London United Kingdom Agenda: To receive and adopt the audited Annual Report and Accounts of the Company for the year ended 31 December 2023 together with the Directors Report and Auditors Report thereon; to approve the Directors Remuneration Report as set out in the Annual Report; to re-elect Michael Baines as a Director of the Company; to re-elect Christopher Casey as a Director of the Company; to re-elect Guner Turkmen as a Director of the Company; to re-appoint BDO LLP as Auditors to the Company until the conclusion of the next AGM; to authorize the Directors to determine BDO LLPs remuneration as Auditor to the Company; and to consider other matters if any. New Risk • Apr 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (14% net profit margin). Market cap is less than US$100m (US$83.5m market cap). Announcement • Feb 15
Life Settlement Assets plc Announces Special Dividend, Payable on 15 March 2024 Life Settlement Assets PLC announced a special dividend of 6.0209 cents per share totaling approximately USD 3.0 million, payable on 15 March 2024 to Shareholders on the register on 23 February 2024. The shares will be marked ex on 22 February 2024. Announcement • Feb 02
Life Settlement Assets PLC Declares Special Dividend, Payable on 24 February 2023 The Board of Life Settlement Assets PLC declared a special dividend of 6.0209 cents per share totaling approximately USD 3.0 million, payable on 24 February 2023 to Shareholders on the register on 10 February 2023. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Christopher Casey was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Christopher Casey was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Oct 21
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 28 October 2021. Payment date: 22 November 2021. Trailing yield: 3.0%. Lower than top quartile of British dividend payers (4.0%). Higher than average of industry peers (2.6%). Announcement • May 29
Life Settlement Assets PLC Confirms Special Dividend, Payable on 18 June 2021 Life Settlement Assets PLC announced that Following the passing of the Resolutions approving the merger of the A Ordinary Shares and the B Ordinary Shares as set out in the circular to Shareholders published by the Company on 30 April 2021 ("the Circular") the conditional Special Dividend payable the holders of the B Ordinary Shares is confirmed. The Record date for the Special Dividend, as disclosed in the Circular, is 28 May 2021 and will be payable on 18 June 2021 to B Ordinary Shareholders on the register on 28 May 2021. The dividend will be 17.813 cents per share totaling USD 2.6 million. Is New 90 Day High Low • Mar 11
New 90-day low: US$1.68 The company is down 7.0% from its price of US$1.80 on 10 December 2020. The British market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is flat over the same period. Announcement • Dec 23
Life Settlement Assets plc Announces Board Changes The Board of LSA announced the new structure of its Board as previously indicated in the Company's half year report to 30 June 2020. Yves Mertz and Robert Edelstein will step down as Directors from the Board with effect from 31 December 2020. Both will continue to advise the Board in their capacity as representatives of two of their key service providers. LSA previously announced the departure of Franck Mathe, who retired as a Director of the Company on 30 September 2020 after serving on the Board (and the predecessor company) for many years. Accordingly, the Board will now consist of Michael Baines (Chairman), Guner Turkmen and Christopher Casey, all of whom are non-executive and independent of both the investment manager, Acheron Capital Limited and of LSA's service providers. The Board does not intend to recruit additional Board members at present. Is New 90 Day High Low • Oct 09
New 90-day low: US$1.70 The company is down 13% from its price of US$1.95 on 10 July 2020. The British market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 3.0% over the same period. Announcement • Sep 28
Frank Mathe to Step Down from the Board of Life Settlement Assets PLC at the End of September Life Settlement Assets PLC announced that after serving on the Board (and predecessor Company) for a number of years, Frank Mathe, has expressed his intention to step down from the Board at the end of September. 