|Burford Capital Limited
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Burford Capital Share Discussion Threads
Showing 20826 to 20850 of 20850 messages
|aha, I see.Thought I needed to go to Specsavers. Thanks jonwig for clarifying.|
|A better link (my mistake copying your original, sorry):
Funds affiliated with Chicago-based Gerchen Keller Capital, LLC, the world’s largest litigation funder, will provide up to £40 million to partner with Mr Merricks and Quinn Emanuel in order to see this action through to the end. Everything is in place to get the best possible result for UK consumers and ensure that MasterCard is made to pay for its unlawful conduct.|
|thanks jonwig. for some reason that paragraph does not show when I access the same link.
The last para I get is this:
"Mastercard continues to disagree with the basis of the proposed collective action and we will strongly oppose this claim in the event the court decides to hear the case,” a spokesman said."|
|alter ego - Gerchen Keller are financing it - see last para here:
... and therefore so are BUR.|
|Competition Appeal Tribunal considering whether MasterCard case should go to full trial.
I know it's not clear if BUR are involved but perhaps that will become known if the tribunal rules against MasterCard.|
|NIGEL - yes, it seems quite liquid these days, and the spread of about 10p isn't bad.
It looks as though all trades still go through MMs (stamped 'O') and a SETS order book isn't featuring. Strange for one of the largest companies on AIM.|
|The occasional dips here keep getting well bought into with over 3,000,000 shares purchased this morning. A promising show of confidence that Burford still has strong legs to continue higher.|
|Litigation Finance: Interview with a Funder:
|Thanks for the Mastercard case news jonwig.|
|Yes, between 9 and 10 o'clock.
The waterfall didn't last as long as I thought it would.|
|Some big share purchases on today's small dip.|
|The Mastercard action:
Case expected to start in 2018 barring earlier out-of-court settlement.|
|New price targets announced this week: Macquarie 692p, Numis 760p.
Article on GKC from Chicago where they live:
"Among its current cases, Gerchen Keller committed nearly $50 million for a U.K. class-action suit filed in September against MasterCard over high fees charged consumers. The suit seeks more than $17 billion in what is being billed as the largest damages claim in British history."
Worth looking into this one. $17bn would earn an outsize performance fee if it happened.|
|Always the same Trident - just look at AIM and Rob Terry and his family !|
|trident - v good haha :)|
|Lots of big sells here today I'm surprised the share price hasn't dropped slightly. I see Harcus Sinclair have a litigation department, are Burford involved in the VW claim with HS?|
|Interesting to see that fraud in the motor industry leads to locking people up, but in the finance industry the shareholders get hit with massive fines and the crooks get their bonuses.|
|It may or may not be relevant, but a VW executive has been arrested at the Detroit auto fair on charges relating to emissions. Apparently no senior VW executives travelled to Detroit ... for some reason.
Also London law firm Harcus Sinclair is starting action on behalf of about 10,000 UK motorists to sue for compensation. We're told HS is supported by 'a consortium of firms', which may or may not include Burford:
|thanks - late in the day but by todays move not too late!|
|Welcome Jane - very quiet board which is always a good sign|
|Joined you here today - came up on trustnet as one of the best performers over 1 and 3 years.|
|More developments just this week:
Hausfeld is Burford's partner, other law firms are separately involved.|
|Volkswagen diesel emission lawsuits making the news again.Could provide the next surge.|
|Thanks Gozzy - similar theme to one of the links in post #524. It doesn't mention a couple of things: law firms are looking at alternatives to hourly billing (ie. external finance) and companies are using litigation finance increasingly rather than their own balance sheets (BT).
Of course this means BUR can only do big finance if it can borrow itself. Retail bonds are a bit pricey, equity fundraising potentially dilutive, and the banks won't touch. So investment funds are the key, as your article says. Maybe investors are risk-on equities for the present, but a crash could actually benefit 'alternative assets' such as BUR. After all, cat bonds and retrocessional insurance only caught on when interest rates trended towards zero.|