Burford Capital Share Discussion Threads

[rounder2] 01/10/2020 01:14

Opens + 6.5 to + 8 % Ends + 11 %

[syoun2] 30/9/2020 22:21

Good luck to us all. Just over 8 hours to reality what ever it is

[williamcooper104] 30/9/2020 22:10

No clue how results are going to play out Expect it's likely to be more jam tomorrow than cake today - and that could cause volatility - but there really is a mountain of jam coming So will be adding on any sell off Expecting general equity volatility over next 6 weeks - loading up on puts and precious metals - Trump not leaving the White House will have zero operational impact upon BUR but we all know that the beta is likely to drag it down too (unless outsized results)

[three black crows] 30/9/2020 19:48

A Bullish stop loss according to British Bulls.com, I am not a chartist myself !

[shoelaces] 30/9/2020 19:41

What do we think this is opening on?

[syoun2] 30/9/2020 18:44

Will out a doubt we will get a Q3 forecast

[mad foetus] 30/9/2020 18:21

Given the timing there should be an interesting paragraph or 2 about post results matters. After all, Q3 is now over

[bamboo2] 30/9/2020 18:19

Update, is that a bullish engulfing? Almost. It's a breakout, at last.

[1aconic] 30/9/2020 17:55

Investment income in H1 2018 looks like $264m. Whilst the "150m in profits accross the group" doesn't directly correlate to that figure, hopefully it gives an indication that an increase from H1 2018 was attainable. There may have been a hefty chunk to add from the VW case too - think the judgement from that came in not long afterwards. COVID delays in the courts, companies with more restricted cash flows being less keen to settle, etc might have proved a dampner in the second quarter but I guess we'll see tomorrow...

[stentorian] 30/9/2020 17:21

Great results are already baked in FY19's miss, is 1H20's hit. From 3 Feb 2020 RNS: "Balance sheet net realised gains and unrealised gains for 2019 are expected to be lower than in 2018. While this will have an impact on net income and profit for 2019, Burford's policy is to manage litigation outcomes for optimal shareholder value rather than to its financial year end. This approach has already been vindicated with January 2020 seeing litigation successes that would trigger unrealised gains and, if ultimately affirmed and paid, would generate more than $150 million in profits across the Group and more than $100 million in balance sheet profits from a single month's activity. Had January's events occurred in December, Burford's 2019 results would have been materially higher as Burford would have been obliged to take a meaningful portion of those future expected profits into income immediately."

[rar100] 30/9/2020 16:44

Stentorian, Yes a bit like old times, but would have been going up all week and a pound or two or three, because everyone expected stellar results and wanted to get in before the explosive rise on results day. If a US listing was on the cards then (and with main market listing in the UK to follow) it would have been a fiver a day. I have no idea what to expect tomorrow, but I hope that BUR has been a bit leaky and those in the know buying today. I hope those Investor relation bods that have been hired are more PR and blow the trumpets on Bloomberg et al.

[stentorian] 30/9/2020 16:21

syoun2, I'll have to check that thought that earnings reports are expected after the end of a company's first three quarters, and both quarterly and annual reports after their fiscal year ends.

[sogoesit] 30/9/2020 16:13

WoW, crossed the 600 resistance line. Just another half dozen resistance lines to cross and I'll be back in the money!! Way to go. Good luck for tomorrow! [According to Investopaedia, yes, SEC listing rules require quarterly reporting - htTps://www.investopedia.com/ask/answers/04/050604.asp ]

[syoun2] 30/9/2020 15:57

I thought Burford said there wouldn’t be quarterly updates, might be wrong. Are you sure that all DOW have to report every 3 months

[stentorian] 30/9/2020 15:43

It is like old times...results days always used to be like lighting a firework. With the US listing we'll get four a year!

[qs99] 30/9/2020 15:22

Think £7 is doable.....maybe many getting in ahead of the US listing which in theory may propel the rating higher? Let's see....holding for a "bagger"!!

[hatfullofsky] 30/9/2020 15:21

6mth high, strap yourselves in

[rampmeister] 30/9/2020 15:15

Needs to reach beyond 700p to break out of current uptrend but could achieve this quite quickly. Shorters likely to capitulate with any significant buying in US market. RM

[qs99] 30/9/2020 15:14

haha, no worries. GLA for tomorrow

[jgp212] 30/9/2020 15:14

Ah, just seen it on the previous RNS!!Lazy sod that I am?GLA

[qs99] 30/9/2020 15:13

Breakout territory

[qs99] 30/9/2020 15:03

Results no? was £15 pre the short selling attack. Hopefully corp governance improved, trading held up and instis more willing to pile back in. let's see. GLA

[jgp212] 30/9/2020 14:59

What's due tomorrow?tia

[riverman77] 30/9/2020 14:58

6 quid is still absurdly cheap and still 60% down since the sell off. I would consider £10 cheap, £15 probably fair value as it stands, although much will depend on what comes out tomorrow.

[bigbigdave] 30/9/2020 14:39

Wants to breakout, has banged on 6 quids door so many times that any breakout might be explosive.