Burford Capital Dividends - BUR

Burford Capital Dividends - BUR

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Burford Capital Limited BUR London Ordinary Share GG00BMGYLN96 ORD NPV (DI)
  Price Change Price Change % Stock Price Last Trade
-8.00 -1.34% 587.50 16:35:10
Open Price Low Price High Price Close Price Previous Close
592.50 579.00 605.50 587.50 595.50
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Burford Capital BUR Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
25/07/2019InterimUSX4.1731/12/201831/12/201914/11/201915/11/201905/12/20194.17
13/03/2019FinalUSX8.8331/12/201731/12/201823/05/201924/05/201914/06/201912.5
25/07/2018InterimUSX3.6730/12/201730/06/201808/11/201809/11/201805/12/20180
14/03/2018FinalUSX7.9531/12/201631/12/201731/05/201801/06/201822/06/201811
27/07/2017InterimUSX3.0530/12/201630/06/201719/10/201720/10/201715/11/20170
14/03/2017FinalUSX6.4831/12/201531/12/201625/05/201726/05/201716/06/20179.15
27/07/2016InterimUSX2.6730/12/201530/06/201606/10/201607/10/201628/10/20160
23/03/2016FinalUSX5.6731/12/201431/12/201526/05/201627/05/201617/06/20168
28/07/2015InterimUSX2.3330/12/201430/06/201501/10/201502/10/201523/10/20150
18/03/2015FinalUSX731/12/201331/12/201407/05/201508/05/201501/06/20157
31/03/2014FinalUSX5.2331/12/201231/12/201321/05/201423/05/201416/06/20145.23
11/04/2013FinalUSX4.7631/12/201131/12/201222/05/201324/05/201317/06/20134.76
04/04/2012FinalUSX3.6631/12/201031/12/201118/04/201220/04/201223/05/20123.66
23/03/2011FinalUSX2.2231/12/200931/12/201006/04/201108/04/201117/05/20112.22

Top Dividend Posts

DateSubject
18/2/2021
14:53
dekle: Is it about the company or the lack of opportunities to invest in plus COVID affecting court time. The UK have started nightingale courts perhaps this will be expanded here and overseas because the US must have the same problem. In general we have had a great run with stocks for almost a year far beyond my expectations although so far not with BUR. Can we really expect the bull run to continue at such a pace? Is it BUR's turn next? I think even a modest growth with BUR will be ahead of the market this year. Just my opinion or is it hope. This time next year Dekle
14/2/2021
17:30
1aconic: CBs comments are riddled with fundamental errors. Another that stood out to me from his IC interview a few months ago was justifying his BUR attack by claiming because his "own personal legal background" showed him that predicting the outcome of litigation is impossible and thereby BUR is a nonsense business. Grabbing at that straw showed either how little basic understanding of the business model he actually had or that he simply had nothing better but didn't want to undermine his "credibility" by admitting so. Clearly BUR don't attempt to predict the outcome of litigation... they take a probability based approach and structure fees so that win proceeds exceed those from the occassional loss over the long run. Exactly the same type of model used by insurance companies and banks in their own dealings since the foundation of those industries! Jumping to a thinly extrapolated conclusion (in a CB-esque way), he clearly believes the whole global financial system is based on false concepts and a fraud. Some of his old work seems to be quite decent but these days he's a total charlatan.
12/2/2021
17:51
scubadiverr: Interesting post on LSE relating to Sebastian Maril's postings today..dfreijeiroPosted in: BURPosts: 1Price: 640.00No OpinionRE: Spanish translation12 Feb 2021 17:14"Burford le cantó vale cuatro a Argentina." It is relate to a Argentinian cards game "Truco Argentino", meaning more or less Burford went all-in against Argentina. Implying they are playing with good cards, good news I would say.
10/2/2021
17:38
rar100: Not many folk know of Burford or indeed Lit. Fin, and when a newbie discovers BUR for whatever reason, they will look at the long term chart and think it pretty odd, then further research will uncover the MW attack - questioning BUR's accounting. Not many would know of BUR's fightback, the case against the FCA etc. (and the FCA being toothless at best and probably corrupt and couldn't afford to let BUR win as it would set a precedent - and the FCA would be toast) The Peterson case - too unlikely, great if it happens but.... So there has to be a blitz of good info on BUR, good results etc. published in financial journals/press to move the share price The share price needs to move north consistently for a few months, not do what it has been doing since MW. Hopefully the start will be in 7 days time, BUR's update...who knows, maybe they will make a good job of it...
27/10/2020
14:48
rar100: LazG I agree with your comments, especially your bottom line... I'v seen the PR to US Law firms/Law journals and the like (some of them) but is there much coverage in financial press generally, i.e. to PI's in the US I first bought into BUR from a very positive article in Investors Chronicle here in the UK,(I know it's not great now) I guess that there are similar mags in the US, but is BUR's PR getting over to them? I think a lot of us thought that the large population of the US was going to help in PI's getting involved - but if they don't know about BUR, it's a relatively small circle of law in the US that would be aware of BUR. I've always questioned what PR BUR actually has and never got an answer. Anyone want to contact BUR and ask? I'm still holding but blimey it's drudgery for a long time now...
19/10/2020
13:36
brexitplus: BURFORD CAPITAL BEGINS TRADING ON THE NEW YORK STOCK EXCHANGE NYSE-listing is a first for the growing legal finance market Burford Capital Limited ("Burford Capital" or "Burford" or "the Company"), the leading global finance and asset management firm focused on law, today announced that it has successfully listed on the New York Stock Exchange ("NYSE"), becoming the first ever legal finance firm to be publicly traded in the US and the first dual listed company in the legal finance industry. Burford's listing not only marks a milestone in its own history, it also brings increased visibility and accountability to the global commercial legal finance market. Legal finance is increasingly relevant given economic pressures that make businesses eager to contain costs, conserve cash and maximize profitability , and as commercial disputes typically rise following a downturn, the need for finance will increase. Since its launch in 2009, Burford has achieved notable success in identifying and monetizing legal claim assets-the core skillset of legal finance. It has worked with Fortune 500 companies as well as 93 of the AmLaw 100 and 89 of the 100 largest global law firms, providing financing for fees and expenses associated with commercial disputes as well as monetizing claims and awards, and has built a $4 billion portfolio. A recent example of Burford's activity is the $75 million monetization of a pending claim for a Fortune 100 company that enabled it to optimize cashflow and offload legal expense risk. Burford shares started trading on the NYSE at 9:30 AM ET today following the completion of the transition of its share register to the US, establishing the company's dual listing on the NYSE and London Stock Exchange AIM . In both listing venues, Burford shares are quoted under the stock ticker BUR with the new ISIN GG00BMGYLN96. Christopher Bogart, CEO of Burford, commented : "This is a proud moment for me, Burford's co-founder Jonathan Molot, and indeed for the whole Burford team. Our NYSE listing exemplifies our culture of excellence, innovation and providing solutions to clients as the leading global finance and asset management firm focused on law. We are, once again, at the forefront of our sector, and our listing is evidence that legal finance is a sophisticated tool that plays an important role in the legal landscape. Our new listing will increase the pool of investors able to invest in Burford's shares while more broadly raising our profile in the US capital markets, which may in time lower our cost of capital. For our clients, this listing gives them further proof that working with us means partnering with a gold standard finance firm that is open and transparent about its operations."
19/10/2020
07:53
stentorian: ii show my BUR holding and value at £7.25/share - but they have invalidated the "BUR" TIDM. ii issued a corporate action notice as follows: "Stock BURFORD CAPITAL LT ORD NPV Event Type Mandatory Conversion Description Mandatory Conversion Terms: 1 new Depository Interest (DI) in Burford Capital for each existing share held. Trading Blocked from: Close of business of 13th October 2020. Expected Effective Date: 19th October 2020 Burford Capital Limited is in the process of arranging for its shares to be listed for trading on the New York Stock Exchange (NYSE). As a result of this, in order to allow trading of your holding in Burford Capital Limited to continue on the Alternative Investment Market (AIM), we will elect on your behalf to convert your existing shares into Depositary Interests (DI's), on a 1-for-1 basis In order to facilitate this, we will block trading in Burford Capital Limited shares at close of business on 13th October 2020. This means you will not be able to sell or buy shares in Burford Capital Limited from that time until we receive the new DI's and credit them to customer accounts. The new DIs are expected to be issued on 19th October 2020 and accounts will be credited upon receipt of these from the UK Depository."
15/10/2020
11:17
rar100: The following is Interactive Investors info on BUR in my p/folio. StockBURFORD CAPITAL LT ORD NPV Event TypeMandatory Conversion DescriptionMandatory Conversion Terms: 1 new Depository Interest (DI) in Burford Capital for each existing share held. Trading Blocked from: Close of business of 13th October 2020. Expected Effective Date: 19th October 2020 Burford Capital Limited is in the process of arranging for its shares to be listed for trading on the New York Stock Exchange (NYSE). As a result of this, in order to allow trading of your holding in Burford Capital Limited to continue on the Alternative Investment Market (AIM), we will elect on your behalf to convert your existing shares into Depositary Interests (DI's), on a 1-for-1 basis In order to facilitate this, we will block trading in Burford Capital Limited shares at close of business on 13th October 2020. This means you will not be able to sell or buy shares in Burford Capital Limited from that time until we receive the new DI's and credit them to customer accounts. The new DIs are expected to be issued on 19th October 2020 and accounts will be credited upon receipt of these from the UK Depository.
14/10/2020
10:57
jeff h: Jefferies - What to look out for next year We stress that BUR is not just about the YPF-related assets, and the H1 2020 results show that clearly, but the Petersen and Eton Park cases are going to trial in June in the Southern District of New York and there is very considerable potential upside...... We would note though that our valuations do not include interest, which might be awarded by the court. We understand that US Federal courts typically apply interest of 9% to judgement debts, charged from the date of the plaintiff's loss. Burford's top-end outcome of $5.6bn is the same as our valuation on the highest YPF P/E ratio in the two years to 12 January 2012 with nine years of 9% interest applied (expropriation in 2012, judgement in 2021). It is definitely not impossible that BUR is awarded a sum about three times its current market cap next summer. Possible outcomes: Loss - If they lose the case and cannot appeal, BUR will write off $773m of its portfolio, crystallising a loss of $3.52 per share. The share price would likely fall even further. If that happens, we would still be buyers of the stock, because the loss of Petersen and Eton Park will not affect the rest of the portfolio, which would probably be undervalued by the market. We expect BUR would appeal if it lost. Win - If BUR does win, the defendants will appeal, probably all the way to the Supreme Court. We think it could take another two years for that process to play out. While we understand that there is a constituency within the company which would like to retain maximum exposure to the case, we think there is also an argument in favour of realising some more value from the asset before it concludes completely....
13/10/2020
12:33
jeff h: Jefferies Burford Capital Ltd - A Big Year Ahead Key Takeaway The HY results supported our thesis that the large commitment vintages of 2016 and onwards should start to have a bigger impact on the P&L from now on. We have high conviction that the $262m receivable generated in the period will be collected, meaning BUR will emerge from the pandemic into a target-rich environment with plenty of firepower. We expect the US listing to be positive, and the YPF cases should go to trial in June. Our PT increases to 1,150p, Buy. Good contribution from recent vintages: H1 realisations of $308m from the direct portfolio included $266m from 18 related cases from three vintages (2016, 2017 and 2019). Although this means returns were fairly concentrated in the period, of the other $42m realised, the bulk came from the 2017 vintage ($39m). So the bigger, more recent vintages provided almost all the realisations, income and profit in the period. Collections will be strong in H2: The cases underlying the bulk of realisations concluded late in H1. They related to a North American Federal Statutory law case in the insurance sector; all avenues of appeal have been exhausted. The company's complete confidence in the creditworthiness of the defendant corresponds with the defendants in matters we can find which concluded before BUR's results on 28 April. We, therefore, expect the company to collect the receivable in full, and most of it this year. War chest building: We expect deployments to remain muted in H2, but slightly up on H1, and the same for commitments. This means our balance sheet cash forecast is $416m for the year-end, up from $316m reported as of 15 September. Assuming the pandemic recedes next year and legal and business processes begin to return to pre-Covid levels, 2021 could be a strong year for commitments, with deployments picking up after that. Investment case reinforced and doubts allayed: The H1 2020 earnings benefited from high returns on 2019 commitments, meaning that BUR has made a 200% ROIC or more on at least one asset from every vintage except 2012 and 2013, demonstrating that it can replicate past success. We also note the steady IRR of c.30% since 2015. The rigorous SEC registration process should put any doubts about BUR's accounting to rest, and the company is well funded, as noted above. YPF-related assets: BUR's investment case is really about consistent high returns, and we expect BUR to be able to average a 60% ROIC in the long term. However, the YPF assets are an outlier which we cannot ignore. If BUR loses at trial in June 2021, they will have made $236m on a $21m investment. If they win, it will likely be a multiple of that. The top end of their possible balance sheet recovery range is $5.6bn,or about 3x the market cap and c. 7x the carrying value of $773m. A trial win in June would not conclude the matter, but it would open up several options for BUR and would be a major event for the share price. What is it worth? We set the YPF assets aside at carrying value ($3.52/share) and value the rest of the business on a P/B multiple derived from a Gordon Growth Model. Our valuation of 1,150p ($14.91) implies the YPF assets are not in the current share price.
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