Burford Capital Share Discussion Threads

[stevoc1964] 08/6/2019 12:41

Copied from H/L website:-FUND AND SHARE ACCOUNT ?CHARGESAnnual account chargesYour annual charge depends on whether you hold funds or shares in your Fund and Share Account. There are no charges for opening an account, holding cash or inactivity.SharesIncluding UK and overseas shares, investment trusts, exchange-traded funds, VCTs, gilts and bonds.No ChargeFundsValue of fundsChargeOn the first £250,0000.45%On the value between £250,000 - £1m0.25%On the value between £1m - £2m0.1%On the value over £2mNo chargeImportant note about chargesThe investments you choose may have their own charges, such as charges from a particular fund manager. These are in addition to our account charges. You can find these in each investment's key investor information. If investing in funds, a bid/offer spread may also apply - see our Guide to Fund Prices for details. Hargreaves Lansdown receives commission from some fund groups for arranging and administering your investments.Dealing chargesFund dealingThere's no dealing charge for buying or selling funds.Online and mobile app share dealingIncluding UK and overseas shares*, investment trusts, exchange-traded funds, gilts and bonds.Number of deals in previous monthCharge per deal0 - 9£11.9510 - 19£8.9520+£5.95*There's an added foreign exchange charge for overseas share deals, depending on deal size. See our overseas share dealing page for details.Automatic reinvestmentIf you'd like any fund or share income automatically reinvested, we charge 1% of the trade value (minimum £1, maximum of £10). We'll reinvest your income once it reaches £10 per holding, or the amount you choose.

[williamcooper104] 08/6/2019 12:25

Can you invest in overseas stocks - and if so what’s the FX charge - on HL it’s steep (given that the cost in major currencies is 2 or 3 pips)

[williamcooper104] 08/6/2019 12:22

HL is I think £60 admin for isa, sipp and trading account

Trades are 8.99 if you do more than 10 a month (and I think I’ve been charged less than that some months - which means I’m over trading) for less than 10 trades I think it’s £12

Used to use Fidelity before HL - HL wasn’t a big improvement when I first moved - now think it’s ok

Have an IG account for funkier stuff but haven’t used it in a while

Interested in other views as will be ramping up investment in my corporate account in the next few months (probably just buying boring EUR and USD fixed income/REITs to protect against the Great British Peso)

[qruz] 07/6/2019 20:27

Wow BUR 0.5% short interest, never thought I'd see this day...

Results near enough a month away, I'll do nothing till then.

[brexitplus] 07/6/2019 20:26

Getting, I believe it is. And PFG. And AA still going down. I believe he also holds Drax which has gone down a lot since he spoke about it. Lots of dogs. That’s the trouble with putting too much trust in out of date, backward looking, fairy stories called annual reports!!! Still, what do I know - I ignore the master investor😁
28513;😁

PS A good day for Burford - probably down on Monday. Woodford really has made a mess of his company. Should have stuck with blue chips.

[gettingrichslow] 07/6/2019 19:57

Isn't New River another one of Minerve's core holdings? Another terrible share.

[brexitplus] 07/6/2019 19:26

From Citywire

“Woodford has sold around £95 million of shares from the Equity Income fund since the suspension, offloading the entirety of his £50 million stake in Watkin Jones (WJG) and selling £30 million of Purplebricks (PURP) shares to rival fund managers at Merian and hedge fund investors Toscafund. Around £15 million of shares in New River Retail (NRR) have also been sold.”

And £50 million withdrawn from the Focus fund since the suspension,

[williamcooper104] 07/6/2019 19:06

A change of manager in the main equity “income” fund would be very helpful

[jonwig] 07/6/2019 18:33

NigWit - he didn't sell ALM, it was just a change in manager ownership within one of the funds which sacked him.

This is the case with many of the Holdings announcements involving him.

[williamcooper104] 07/6/2019 16:36

I think he will end up selling Bur as it’s curtains for his fund

Unless he passes the management of it to someone else and that restores a bit of confidence

MW - could be right - I’m thinking 60 percent chance it’s all priced in now (based on nothing more than gut feel) hence why topped up now and holding back a little for further falls

I certainly wouldn’t short Woodford stocks at the moment (other than Kier of course :)

[nigwit] 07/6/2019 16:21

Woodford sold 5% of his 28% stake in Allied Mind this week without it affecting the share price. This supports my contention that the price is already discounted and that, if he's selling, he's most likely negotiating the prices in bulk off-market, which would make sense.

I'm leaving a little room to be wrong but I strongly suspect he's a step ahead of the scavengers and that, if they're waiting for a flood of liquid stock to become available suddenly, they may be circling the wrong carcass.

As my great-aunt used to say "there's no point being old without being artful".

[mad foetus] 07/6/2019 16:01

FWIW no RNS re Woodford whereas there have been loads elsewhere. Suspect he regards BUR as the jewel, but reckon he will be asking Bogart I do whatever he can to help the share price in the short term.

[williamcooper104] 07/6/2019 10:43

Tt - I’ve been invested in Bur since not long after the IPO - it’s always been a volatile stock

[steptoes yard] 07/6/2019 10:19

6247, excellent post.

[mad foetus] 07/6/2019 06:57

I'm fine with shorters generally, just in this instance a combination of events mean a low-risk short opportunity has arisen at the expense of retail investors who cannot sell until the shorts have taken their positions. That doesn't seem right.

[williamcooper104] 06/6/2019 23:17

I really don’t understand technicals when future earnings growth and a distressed seller are moving the market

Technicals and fundamentals are two different things

[fangsforthememory] 06/6/2019 22:20

Mine is1. Protect capital2. Dont fall in love with a stock. Been in Bur since 400p and it was my largest position. Sold this morning3. Respect technical levels, my long term support line is just about broken 4. Respect obvious fundamentals, the company is fine but big chance of there being more sellers than buyers until Woodford clears, can always buy once back in uptrend, note point 1. We know that Woodford still has 5% min position.

[nigwit] 06/6/2019 17:36

Hello

Here's my strategy

1. Don't panic

2. Hold the shares I have - I suspect that given all the sustained publicity Woodford has been receiving, the market saw this coming and the price won't fall much further. If I sell I risk getting caught by the inevitable bounce.

3. If they do fall then buy more, since it's going to be a short-lived buying opportunity in a proven business

4. Never buy shares I'm not happy to hold for several years.

[mad foetus] 06/6/2019 17:17

I just hope that Burford's brokers are on the phone to some SWFs and big pension funds with a view to placing the Woodford shares. Woodford seems in denial at the moment but unless he throws his personal money in the asset management company could go bust.
In the meantime I have asked Nicky Morgan MP and the FCA to put a ban on short sellers of Woodford stock. This is a unique situation and we can sit through it, but when the gate is lifted Woodford will face mass redemptions and will have to sell. The hedgies can short BUR and others at the moment knowing that shares held by NW for retail punters will have to be sold. It just isn't right. Shorting is fine when it is about price discovery, but it feels wrong when it is taking advantage of a situation at the expense of retail punters. I suggest you contact Nicky Morgan and the FCA as well.

[xajorkith] 06/6/2019 17:12

czeck - the answer is, quite obviously, you wouldn't.

This of course, make the huge assumption that you can predict the future and accurately call the bottom.

The stock market is inherently unpredictable and very few, even the best chartists, get it right much more than 60-70% of the time - despite what they might retrospectively claim at a later date.

Personally I'm happy to accumulate sub-£15 ahead of July's results, and will add more if it falls below £14 on further Woodford related weakness.

NAI/AIMHO/DYOR..........