|Burford Capital Limited
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
Burford Capital Ltd Share Discussion Threads
Showing 20726 to 20750 of 20750 messages
|Ought to be in this rising market|
|on the up again|
|sailastra - thanks. Could add that Burford don't approach, they are approached.
Numis target is 505p, I think.|
|Re the 70/30 split....This is an extreme case and not representative of the main stream of Burford cases... There will be large risks involved and hence the split. Burford are a provider of litigation finance, not a charitable organisation. They lend at an assessed rate after considering the risk reward attached to an individual case. Burford are not alone in this space, although they are one of the biggest. It is a competitive world and if you would rather take on more risk for less reward fine but I for one am very glad that you are not a decision maker at Burford.
Also Numis the company broker have recently issued a research note with a hold recommendation, which may have prompted some short term profit taking.|
|bit volatile today - any news out there?|
|Presumably a decent sized seller yesterday and today.|
|Any reason the price is going down?|
|OK, let's park it I think.|
|I get the maths JW I just think the split is the wrong way round. If they're greedy - there will be a backlash or more competition - most likely both.|
|Hang on, supposing 70% ...
Without Burford, the plaintiffs get zero, as they can't afford the action.
With Burford and losing, the plaintiffs lose nothing. (We Burford shareholders do, though!)
With Burford and winning, the plaintiffs get 30p in the £. Burford shareholders 70p and the Argentinian state loses 100p - but they'll have been shown to have stolen the assets.
And, don't forget, winning a case is only the start: recovery is often the hard bit!
Which party can't possibly lose?|
|Jonwig - it's either not right or it's not morally right. I thought their take would be around 30%. If they're going for c70% there will be a backlash somewhere down the road and they'll deserve it.|
|I'll add a comment to his article to query it. But, I've a feeling it may be right as the main plaintiffs appear to be insolvent. (I can't find anything elsewhere to substantiate it, though.)
A Midas article from July suggests these cases should be resolved in "a few months" ... that's over-optimistic. More like a few years?
|Entitled to 70% - that's not right.|
|Simon Thompson covered BUR again in the IC on 21/11. A snippet referring to the Argentina action:
I would flag up that there has been some positive newsflow since my last update on a claim Burford has backed relating to the 2012 expropriation by Argentina of a majority interest in YPF, the New York Stock Exchange-listed energy company formerly owned by Repsol, the Spanish energy major. At the time of the expropriation, Repsol owned more than 50 per cent of YPF and the Petersen Group, another Spanish firm, owned 25 per cent of YPF. After suing, Repsol ultimately settled its claims and received a payment of approximately $5bn (£4bn) from Argentina and YPF. Burford has been appointed to provide financing to the liquidators of the Petersen Group, which went bankrupt after the expropriation, who are proceeding with claims worth $3bn against both YPF and Argentina. Burford is entitled to 70 per cent (less expenses) in the YPF-related claim.
Bearing this in mind, Judge Preska of the US Federal District Court (New York Southern) has issued her 47 page opinion and order concerning the defendants’ (Argentina and YPF) motion to dismiss the plaintiffs’ action. The judge found for the plaintiffs effectively on all points which means not only is there a case to answer, but the probability of ultimate success for Burford and its client has increased, albeit there is substantive litigation risk, and the claim still has a long path to follow before a final outcome is known. However, in the event of as successful outcome, it’s worth noting the state has settled similar such cases at 50¢ in the dollar, so there is potential for a significant windfall payout for Burford's shareholders.
I've put the site with the legal progress into the header. They seem to be arguing whether the case should be heard in Argentina, which the plaintiffs don't want as they might suffer from intimidation. This looks like becoming a long grind!|
|new highs for BUR|
|Blushes. Thanks for that. Burr is involved with one set of VW actions, of course.|
|I'm a big fan of BUR and it's also my largest holding just ahead of KWS. Having recently personally benefited from a 'no win no fee' class action legal case over several years, I thought it must be growing market. We had given up all hope of retrieving money from a property fund investment (390 people and euros29m value) and no-one wanted to invest any more money to a very expensive legal case and potential lost cause after such a long time. We were also up against large financial companies in Jersey and a whitewash cover up that was going on. I'd written my money off several years before.
Up came the opportunity of a class action with 3rd party litigation finance company funding the case (Harbour, not Burford) who took on the case as it was very strong. After 3 years we won and I received 50% of my capital back in Jan 2017!!!
I like to invest in companies which I believe in and operate in a growing industry which I understand. Having been a beneficiary of this type of service I've wholeheartedly backed it since June 2017 when I started investing my pension money via a SIPP.
Income will be lumpy for sure but BUR are a leading light in this sector and developing the industry as a whole for the benefit of all players. i did look at JIL as well as Bentham IMF on the Australian market who are another major player. BUR ticked more boxes for me and I only wanted ti invest in one company.
Anyway, I'm in it for the long term and in the age of the little people vs big companies (Volkswagen anyone?) and anti-globalisation, I can only see this industry growing a lot further. I believe governments and legal governing bodies in the US, UK and elsewhere will be put off from constraining this industry due to any negative backlash on behalf of the common people against large companies. I could be wrong of course but we'll see.
Anyway, my two pennies' worth, I rest my case!
Best wishes to all.|
|A year ago this was below £2. Have enjoyed the rise since and confident of a lot more mileage yet. Good cutting edge business with good management.|
|And there it is.....!|
|£5 here we come|
|Yes, a quick rebound.Very interesting company,could be a good ride up.|
|New highs here - onwards and upwards we continue.|
|Nigel - right ... a "selling lemming" is not uncommon when the market has a bump. Why not, if you're a st trader? Funnily enough just as Brexit will, we're told, be good for BUR so maybe will be a T win.|
|Upward momentum in share price resumed here after last weeks shake. Nothing goes up in straight lines but confident trend is positive on this one and glad took opportunity to add. All imo/dyor.|
|Should bounce on stronger dollar post Clinton election|