Burford Capital Share Discussion Threads

[yertiz] 03/6/2019 16:26

Minnie certainly knows how to pick winners!

AA year high 141p, now 52p
Kier yh £11 now £1.68

Catastrophic investing from a self professed 'know-it-all'. I'd suggest he changes his pin supplier, ROFLMAO.

[brexitplus] 03/6/2019 16:09

Yertiz

Didn’t at one point say he had his full quota of Kier then change to say he was only part way through buying.

AA looks in the same boat.

[yertiz] 03/6/2019 15:58

Mug punter's game buying shares on their way down at the rate Kier are falling. Still, one mug we all know bought them at a substantially higher price than they are today in the belief they couldn't possibly fall any further after their last collapse. How I laughed!

'I will say when'....... ROFLMAO again!

[yertiz] 03/6/2019 12:45

Hi Blackfinance, you may want to ask the moron about his venture into Kier - apparently the 'best thing since sliced bread', providing you are savvy about the company and investment you make. So good he piled into it at about £4.30 and is holding tight. Apparently Kier is nothing like Carillion - to my mind they are one and the same in their operating modes, contract creation and financing.

Just goes to show that this particular broken clock isn't even right once in a day!! LOL.

[minerve 2] 03/6/2019 12:27

I think most stocks are down over the last month no?

That would be down to clowns who voted Brexit and the clowns who voted in the chief clown in the US.


Moral of the story is: NEVER GIVE HALF-WITS responsibility.

[blackfinance] 03/6/2019 12:22

Funny how Minerve2 only ever appears on down days, it rather spoils his argument. But hey, even a "stopped clock" is right twice a day.

[minerve 2] 03/6/2019 12:18

Burford and Kier are linked by Woodford.

I wouldn't be so smug if I were you.
Kier in Minerve's portfolio < 2%.

What is Bur in your portfolio?

Minerve will say 'when'.

LOL

[jakeah1175] 03/6/2019 11:26

Kier Special Brew :)

[williamcooper104] 03/6/2019 11:00

Riverman - not sure if Woodford has actually been selling

However the prospect that he might have to sell is probably weighing on the share price (but how much so it’s hard to know)

It’s largely noise though

[trident5] 03/6/2019 10:59

If they were caused by Woodford selling there'd need to be RNSs

There has been weakness here ever since the CG note. It is incredibly unhelpful to sentiment that the CFO and CEO are married to each other. Especially when so much revenue is estimated (unrealised).

[williamcooper104] 03/6/2019 10:58

Burford down today - where’s Minerva - would have thought that he’d be back gloating

Or maybe Kiers performance this morning is keeping him busy

[riverman77] 03/6/2019 10:43

Do we really know these dips are being caused by Woodford selling? If so, I wish the FCA would step in and sort this fiasco out. While I welcome the opportunity to add at cheaper levels, it's starting to get a bit tiresome and I'd prefer it if this could just move towards its natural level, which I'd put at £22-24

[arregius] 03/6/2019 09:31

People should thank woodford for the price the selling is giving us longterm investors

[syoun11] 02/6/2019 16:25

Probably good to check the burford site tomorrow as due for monthly update on major shareholders

[syoun11] 02/6/2019 15:55

According to Woodford investments they hold about £220million or 5.78 of Woodford equity income fund in burford which is somewhat short of the £345 million reported on the burford site as of 1st May. So Woodford must hold remainder in one of his other funds or they’ve been sold. Hence my RNS question just posted

[syoun11] 02/6/2019 15:27

Anyone know - Im trying to verify when a RNS should be issued if a fund reduces or increaseA279; its holding in an AIM company (Burford Capital). Are there some parameters i can use to workout when these should be issued? e.g % holdings over x or reduction in current holdings by y . Also is the responsibility of Burford to update RNS or the fund making the change that triggers the set parameters&#65279;

[rexrandi] 02/6/2019 14:25

Dropping again....

[biggreenoak] 30/5/2019 18:15

Three points.

1. Good to see that BUR put is gone though the probability of that happening was 95%+.

2. It is very good to see that BUR has disclosed how it carried the investment on its books. I bet that it did so only because of the report by CG.

3. I do not share a wide excitement on this board today which goes like this "You see, CG, 700%+ ROIC! You see!!" That's not the point here. The point is that it is an outlier case in terms of ROIC. Both Teinver and Petersen are outliers as far as ROIC goes. What's important though is that IRR is 39% which is excellent but is not through the roof. It means that BUR could have got similar financial resuls by investing in many cases that settle in one year as investing in Teinver and waiting for several years.

In other words, today's announcement does not negate the points about ROIC made by CG. However, CG points are incorrect in my opinion anyway.

[qruz] 30/5/2019 18:03

How can there be selling pressure from Woodford when there has been no RNS stating a change in the holding %. Sounds like boll0cks. Hopefully it will be attempt 2 to break 20quid in July.

Sit on my hands till then.

[galatea99] 30/5/2019 16:23

Article here on the debate going on in Australian legal circles on the different models offered to plaintiffs by lawyers and funders in respect of class actions. Burford and Quinn Emmanuel mentioned with regards to the AMP case.

[brexitplus] 30/5/2019 14:44

Liberum has today reiterated BUY. Previous target 2470p.

[jonwig] 30/5/2019 13:54

runthejoules - he hasn't issued a holdings notice for this, nor for such as IMB. Obviously it could be because he hasn't passed a ppt, but his predicament is certainly an issue for short-term performance of his EIF. (And for share price performance here!)

If you are interested in the Woodford story, my thread on WPCT is maybe worth following. Machete your way through the trolls, and many of the posts are from experienced investors (some with a professional background). You'll also get links to recent articles from elsewhere in the financial press.