Burford Capital Share Discussion Threads

[lazg] 14/3/2024 19:01

They should increase dividends, but long term. I am also a long term holder and want to see returns... yield is only approx 1%. That is too low seeing that the company is doing well.

[buyhiselllo joe] 14/3/2024 18:33

As a long term holder (and see no reason to change that), I see what you mean but disagree about increasing divi. I'm not sure where I read it (several years ago) but BUR basically said "we're a company with very lumpy revenues. If you want regular smooth revenues, invest in banks not BUR.". I was/am fine with that but the worst thing they could do is introduce dividends that vary hugely. The market will hate that.

[tnt99] 14/3/2024 16:51

Needs to up the dividend pronto tripling it would wake up investment to a much more realistic valuation!!

[scepticalinvestor] 14/3/2024 16:38

Strange reaction. Cant see much short interest. . .

[lazg] 14/3/2024 15:37

The share price should be way higher. I have increased my holding to unsustainable levels. From the call: they were able to secure a big corporate gig that made them a great return in less than 6 months. I am sure they will be able to replicate that with this first referral. This may not give the 100%+ returns but is very good cash.

Very bullish. Hoping for a good dividend increase, as I wait for a share price increase.

[extrader] 14/3/2024 15:24

Forensic 505 raised elsewhere a good point :
.. "from my reading almost all of the profit increase is down to this:

"YPF-related assets generated $543 million of unrealized gains in FY23". That is of course on top of previous YPF unrealised gains of around $750m, if my memory serves.

Isnt that quite a brave mark up given the uncertainties in Argentina's ability to pay? "

So I had a look at comparatives.

My conclusion was that the mark-up is a considered reflection of changing prospects on a blend of Argentina's ability AND willingness to pay. A court judgment-improving enforcement/recovery prospects- must improve the 'willingness (gritted teeth)' metric ?

Argentina sovereign debt prices in the secondary market have risen from a low of 18c 2 years ago, through 22c a year ago and currently stand at around 34c (on the dollar).

Although not strictly comparable (and there's an added factor in that they're in differing sectors, with their own specific characteristics), here's what's happened to the share prices of 2 businesses in Argentina : Grupo Galicia (GGAL) - a financial services group - and YPF itself over the last 3 years.

The share-price is a fair proxy for 'blended risk' of (1) the 'smart money's ' assessment of likely realisability of the company's business plan and (2) associated 'country' risk.

-GGAL has progressed from $7 through $9 to $10 as at 12 months ago and today stands at $24;

-YPF has progressed from $4 through $4.30 to $ 9.50 as at 12 months ago and today stands at $ 18.30;

Again, we're not comparing like-with-like, but BUR's evaluation doesn't seem to be an outlier. And, presumably, it's been passed by its auditors....

AFAICS/NAI/DYOR

GLA and ATB

[chester9] 14/3/2024 14:51

Not surprised at share price reaction. Smashed expectation but maths makes people struggle. Still not liked as a share by parts of the city, they maybe fear its focus could be on them one day..The underlying growth over last 4 years from 2.78 to today's 11.08 is exceptional. If lineal line extended share price would break new all time highs +20 pounds in late 2028. With a YPF payout close to 16B it would be a lot quicker..Good to see they plan to maintain their listing.

[tnt99] 14/3/2024 14:34

Oh well at least the dividend should treble unbelievably undervalued with YPF to come I'm holding this one forever

[tnt99] 14/3/2024 14:30

Share price on all 1111 should that be 3333?

[djderry] 14/3/2024 13:14

2023 has been a record year for Burford.The results are tangible proof of that.The business is outperforming on any metric one cares to look at.Management sounding ebullient.As a long term shareholder,so am I.

[scepticalinvestor] 14/3/2024 12:31

You def have a screw loose mate. You shld get it checked out

[sogoesit] 14/3/2024 12:23

Lol… you need help from AI inferencing. Just my personal opinion.

[scepticalinvestor] 14/3/2024 12:14

Perhaps if you actually read the results statement, you wld not need to ask this question

[sogoesit] 14/3/2024 12:11

So, what’s your basis for £15 then?

[scepticalinvestor] 14/3/2024 12:08

Do you have a screw loose?

[scepticalinvestor] 14/3/2024 12:05

Good grief, was expecting this to be 1500p by now. Wld be dble if this was solely listed in the US

[mighunter] 14/3/2024 11:37

Only Burford could multiply earnings by 19x and struggle to rise more than 5% on the day

[riverman77] 14/3/2024 11:14

Looks good - finally seeing a big pickup in realisations, coupled with a moderation in new commitments, which should start to see some very positive cashflow after all these years. Would only like to understand more why operating expenses keep shooting (more than doubled) - I understand some of this is due to YPF and non-cash.

[planit2] 14/3/2024 11:10

Not much of a response yet unless they are in auction

[time_traveller] 14/3/2024 11:07

Excellent growth across the board. Happy with that.

[scepticalinvestor] 14/3/2024 11:07

25% up today?

[scepticalinvestor] 14/3/2024 11:07

Incredible results

[tomtrudgian] 14/3/2024 10:12

Fair point tradertrev. Some shareholders can trade when stock markets are closed.

More importantly I forgot that New York changed four days ago from Eastern Standard Time to Eastern Daylight Time (their summer time). So there is now more than one hours difference in trading hours. Sorry guys.

[tradertrev] 14/3/2024 10:06

TT I doubt that's correct. US investors can deal in London if they wake up early (the serious ones do) and they can always deal in the pre-market over there anyway. Not sure what your point was anyway!