Burford Capital Share Discussion Threads

[stewpot3] 18/1/2020 10:14

Spot on Coke. A sudden announcement from BUR could trigger a rise at any time, but if there is a sudden downturn I feel this share could be disproportionally savaged due to its current fragility. It seems to have stabilised for now around 700 so the decision is there to be made. Finding that alternative share is another matter, frying pan and fires etc.

[cokehookerscars] 18/1/2020 02:51

I guess the question for those sitting on paper losses is "Will BUR increase as fast or as much as another share you could move that money into ?".

[cokehookerscars] 18/1/2020 02:47

Hi George Stobbart, genuine question....could you please explain the detail of your 200p valuation of the company ? How have you come to that figure exactly ? Genuinely interested to know as I want to learn how to accurately value companies. This one is worth £437,299,754 yet is trading around 1.5Bn. Can you provide your 'workings out' please. Cheers.

[jeff h] 18/1/2020 01:07

https://www.dailymail.co.uk/news/article-7899895/Russian-oligarchs-ex-wife-fight-SON-latest-twist-acrimonious-453m-divorce.html See also The Times.

[devalpha] 17/1/2020 21:16

Ben said it best.....Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgement is sound, act on it, even though others may hesitate or differ. You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right. Similarly, in the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at hand. - Ben Graham.Keep the faith.Good luck to all long term holders and anyone with a genuine interest.

[lomax99] 17/1/2020 20:34

I got a coin in your palmI can make it disappearI got a card up my sleeveName it and I'll pull it out your earI got a rabbit in the hatIf you wanna come and see This is what will beThis is what will beI got shackles on my wristsSoon I'll slip and I'll be goneChain me in a box in the riverAnd rising in the sunTrust none of what you hearAnd less of what you seeThis is what will be (This is what will be)This is what will be

[williamcooper104] 17/1/2020 18:02

I've pulled that hair trigger many times and I'll do it again on Bur if need to - did it at the start of the MW attack I'm also rather pleased that I dumped half my initial position when management sold out I've never taken a 90 fall So I wouldn't criticise Rar - He may be totally wrong but no need to get personal - and no reason to have a go at someone for being cautious - we all have different return/risk/liquidity requirements - and it might be perfectly sensible for one investor to bail and another to hold And for one I would feel a lot more confident if management put tens of millions into share purchases - they can afford it

[maddox] 17/1/2020 10:10

You only have to read rar's posts to understand why BUR shares are languishing at these levels. Undoubtedly there are many more 'traders' and 'momentum investors' that blindly follow the crowd and seek price-confirmation as the only means of judging the 'value' of a share. Clearly they are not all as sad as rar that has to continually moan about his losses but there will be plenty more sitting with a hair-trigger finger over the sell button as soon as they recover some of their losses. The share price have this headwind to contend with until we get more conviction buyers on board.

[stewpot3] 17/1/2020 09:53

No doubt many of us have a share like BUR in our portfolio at present that is a bit of a disaster. However, unless you need the money desperately, just forget it for now. Some you win, some you lose. Do I think it will go bust? No. Do I think it will recover eventually? Yes. How long to recover? Haven't got an 'effing clue, it may be months, it may be years. Fortunately I have winners that more than compensate for BUR at present, that's what diversification is all about.

[pal44] 17/1/2020 09:50

Stobby sell all you like someone is buying we can see this in the daily trends quite soon this is going to belch up GLA ..

[george stobbart] 17/1/2020 09:25

BUR is a cash cow for short seller. Stay Short until 200p

[time_traveller] 16/1/2020 21:37

Checked rar's previous posts, best off on the ignore list.

[gettingrichslow] 16/1/2020 21:19

Rar, you need to get out of all your investments ASAP until you develop what is known as a ‘backbone̵7;. Go and play crown green bowls or something like that instead.

[tradertrev] 16/1/2020 21:03

To say they have done nothing is absurd - they have rebutted in detail every substantive point that MW alleged. They have bought significant quantities of stock. They probably take the view that small bits of financial information issued to soothe day traders' nerves are completely misleading in isolation so they wait until they can give the complete picture. If you choose to believe MW you are perfectly entitled to.

[rar100] 16/1/2020 20:26

Muddy waters accused BUR of lying about their figures, the market believes MW could be, or is, right about that. MW have a good track record, where as BUR's honesty is unknown. BUR by saying nothing is equivalent to taking the fifth ammendment, almost as bad as admitting guilt. The last RNS said nothing new, nothing about the 'market manipulation' BUR Claim happened, nothing about their dealings with the FCA (if there are any). Vague about main market listing, here or US. Nothing about how their business is doing now. Why would new investors touch BUR with so much doubt about the whole shebang, why take a risk... IMV, BUR need to be proactive in placating their shareholders and the market generally. Yes I know they don't give forward guidance usually, but these are extreme times, share price 65% sown since the attack, and they do nothing.

[stockvalue] 16/1/2020 20:20

Fresh details have emerged about the Saudi Arabian group that has built up a shareholding in Burford Capital, the embattled litigation funder. Mithaq - which recently disclosed a 5.1pc stake in Burford Capital - is a backed by the Al-Rahji family, according to Betaville's people in the Gulf. Gulf sources suggested the Al-Rahji family are billionaires. In fact, Wikipedia (not always correct) appears to suggest that the Al-Rahji family are the third wealthiest family in Saudi Arabia. So, they have a few bob, then! Mithaq's style was described as "value investing" and Egyptian broker EFG-Hermes does most of their business, said Gulf sources. Given Burford Capital's shares have collapsed by almost 60pc since Muddy Waters launched it attack, I guess one could describe the stock as "value". The only other London-listed share targeted by Mithaq is Tremor International, the advertising technology company. Mithaq recently disclosed a stake of almost 14pc in Tremor out of nowhere.

[time_traveller] 16/1/2020 14:38

Maybe, but lack of news shouldn't necessarily mean the share price remain at these ridiculous levels - an exhaustion of the forced selling, replaced by meaningful buying would do it, along with a change in the winds of sentiment.

[kazoom] 15/1/2020 21:06

Gosh - now we've been told!!! "fair value is 200p" Thank you Guru.

[george stobbart] 15/1/2020 19:54

stock is overvalued / overbought by 70%. fair value is 200p

[stockvalue] 15/1/2020 16:49

Insider should buy to restore confidence, or better a Share buyback program, since it would also increase the value of the company. Otherwise this will continue to be a massive undervalued bargain, till the next reporting and nasdaq listing. A LBO or MBO is of course also possible at current levels.

[dgdg1] 15/1/2020 16:28

Today's fall possibly related to news relating to Argentina's debt woes. As Burford have stated, however, collection of litigation debts is not related to or affected by sovereign debt defaults.

[ianio5691] 15/1/2020 15:34

This is up and down like a brides nighty. I am sure it will break dramatically one way or the other fairly soon.... Hard to call which way. Black or Red???

[pal44] 15/1/2020 14:43

BUR swings daily not for the fair hearted .. GLA