Burford Capital Share Discussion Threads

[lomax99] 16/4/2021 13:54

Sssshhh....

[donald pond] 14/4/2021 21:03

Does look to be making a bit of a bowl here

[williamcooper104] 14/4/2021 20:15

To date all the BOD trades (selling at the peak and buying at the bottom) have been spot on

[time_traveller] 14/4/2021 20:11

Being?... Roughly eyeballing it, £10 area looks like the next stop.

[kaos3] 14/4/2021 17:55

imh experience - in low vol, low price environment with chart knocking to the ceiling for the 3rd or 4 th time - and BOD adding - it is the perfect time to accumulate a position I sold out few times before at these levels, but this time I think we are ripe to move to the next share price level

[rar100] 14/4/2021 17:51

A YPF pop would be just right...

[three black crows] 14/4/2021 17:23

Rar100, hang in there boy, its going to pop one day soon

[rar100] 14/4/2021 16:35

I wish you the best of luck My faith is not strong enough to average down I'm afraid I just can't understand the persistent low volumes and until that changes I don't see things changing much in SP I genuinely believe that Burford and litfin is a morally good new presence in law and makes sense but the market seems not to agree or know about it, a bit of both I guess. I often wonder what the volumes were like pre MW but don't know how to find those figures. I would bet that they were a lot higher than now, but that's just a bet... GLA

[bogman1] 13/4/2021 10:41

Just right, my first purchase was at 15, just kept buying under 6 now my average is 846, which I am happy with sitting on for the moment. Safe in the knowledge it will get back to 15 or above

[lazg] 13/4/2021 10:14

Rar: just average down if you believe in the stock.

[1aconic] 12/4/2021 19:55

Regarding YPF "news": I wouldn't get too excited. The context has probably just been lost by whatever translator you've run it though. The original Spanish version reads far more like he's simply referring to the regular progress updates that the parties give to the court. Both parties have requested an extension for this (not for the first time). His tweet has no direct implication whatsoever that there's any news on the horizon other than the usual case progression.

[lomax99] 12/4/2021 12:57

I really do think you need to move on........

[rar100] 12/4/2021 12:22

I hope you do well kaos3, but with volumes so low it seems to me that the directors are the only ones buying significantly. Maybe there is news coming on YPF or other cases but it's only rumor as far as I'm concerned, the directors would know however, so just maybe...but that's gambling not investing...

[kaos3] 12/4/2021 10:47

I bought - directors buying, third attempt at chart breakout, recent litigation noise on the big cases ..... lots of opportunity coming, US listing still has to deliver

[alter ego] 12/4/2021 10:37

rns just out "In addition to the share purchases announced last week, on April 7, 2021, Christopher Bogart, Burford's Chief Executive Officer, and Jonathan Molot, Burford's Chief Investment Officer, each purchased 21,000 shares of Burford Capital on the New York Stock Exchange at an average price of $10.09 per share as part of their broader acquisition of shares as detailed in Burford's 2020 Annual Report. On April 8, 2021, Mr Bogart and Mr Molot each purchased 2,500 shares at an average price of $10.04 per share. On April 9, 2021, Mr Bogart and Mr Molot each purchased 15,120 shares at an average price of $9.94 per share. As a result of these transactions, Mr Bogart controls a total of 9,158,608 shares, and Mr Molot controls a total of 9,771,721 shares."

[lomax99] 12/4/2021 10:36

Another top up by Directors,

[rar100] 12/4/2021 09:13

'Perhaps YPF' are the operative words Be nice if it were fact

[three black crows] 11/4/2021 21:27

If there is news of a negotiated settlement, the shares recently bought by the directors would certainly be of good timing.

[dekle] 11/4/2021 20:17

What does that suggest? Negotiated settlement in progress?

[jockthescot75] 11/4/2021 19:26

Interesting news, copied from Renegade on the LSE board: The news of the case for the expropriation of YPF was advanced. Minutes ago, both parties asked Judge Preska for more time (4/30) to present the news planned for next week. Next week there will be news in the case for the PBI Coupon and perhaps in the case for the expropriation of YPF. - In total, there are claims against the State for almost USD 5,000 million. hTTps://twitter.com/SebastianMaril/status/1380638471623225345

[tradertrev] 09/4/2021 20:01

bestace, thanks for your interesting thoughts on how to evaluate the Burford business. It's very interesting that conventional ex-ante analysis will usually apply many cautious discounts and undercook the valuation. What I think you are driving at is what I like to call ante ex-post analysis. i.e. trying to look forward to what you will actually be looking back on in the future. With a good understanding of the business together with accumulated evidence from track record you will typically remove significant discounts that are applied in ex-ante analysis. While this could easily be dismissed as just finding a way to be more bullish about something, I would argue that this is simply using better knowledge about a business to come up with a more insightful valuation. I can't give you my ante ex-post valuation for Burford but like you I think it is way above the current share price.

[rar100] 09/4/2021 16:39

Shame the volumes are low...

[riverman77] 09/4/2021 15:24

Papy02 - I believe Burford has historically generated a return on equity of around 20-25%. For me that is the key measure as it takes account of the operating expenses (unlike the IRR that Burford tends to focus on).

[epo001] 09/4/2021 13:55

Bestace, are you sure you are in the right place? That was intelligent, informative, interesting and well reasoned. Made me realise how sloppy much of my 'research' is.Thank you.