Share Name Share Symbol Market Type Share ISIN Share Description
Burford Capital Limited LSE:BUR London Ordinary Share GG00B4L84979 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +36.00p +4.55% 826.50p 822.50p 825.00p 828.00p 790.00p 790.50p 1,616,143 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 314.6 239.3 82.9 9.5 1,807

Burford Capital Share Discussion Threads

Showing 6576 to 6600 of 12575 messages
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DateSubjectAuthorDiscuss
14/5/2019
10:10
Thats the goal of portfolio finance. Mixing different investments with different durations and roics to de risk the entire portfolio and in sum get nice roics and Irr
arregius
14/5/2019
06:48
I will look at AR later, I wonder if they are mixing post-resolution strategies with complex ones but will check. Thanks
mad foetus
14/5/2019
06:42
biggreen - doesn't Burford admit (p29) that Complex Strategies are "... lower return, lower risk and shorter duration investments", and that it wants to have that mix? A ROIC of 12% - 15% isn't a cause for concern if that's the figure they're expecting. And a small segment: 6% of profits.
jonwig
14/5/2019
05:10
Mad Foetus, your expectation has not been proven right so far. Just look at p. 29 of 2018 Annual Report. The math is laid out clearly so you do not need to work anything out. There is a possibility that five cases are not representative of the rest. We will find out (most likely later).
biggreenoak
14/5/2019
04:58
I will read the AR later to see if I can work that out but I would expect ROIC for complex strategies to be higher for the following reasons. The (in my named misnamed) complex strategies approach is to buy cases outright rather than provide funding for them. This immediately has profound changes, the main one being that there is no "commitment". We don't agree to fund a case up to £xm, we just buy it and then fund it to completion. So we want it to finish as quickly as possible, at as little extra legal cost as possible, but we get back all the proceeds, and are motivated to commit as little subsequent capital to it as possible. Whereas in a standard case we have committed the capital and do not have control over how much is drawn down. Though in any settlement our fees, interest on our fees and our share of the profit will come back to us first. But the whole rationale for complex strategies is the extra control it gives us, so it would be perverse if the ROIC was worse.
mad foetus
14/5/2019
00:09
1. I think Bogart's response at 18.00 has next to zero of information that has not been communicated in the past. 2. What is more interesting and important is why ROIC on concluded investments is ~51% vs. ROIC on concluded + partial realizations is ~85%. That's the most important question. 3. CG is correct about Burford is reporting ROIC on Complex Strategies in a way that is not apples-to-apples because BUR includes management and incentive fees. Now, Burford has obviously disclosed it extremely clearly in 2018 AR and when I read it, I thought "this is not the best way to do it". So CG is not making a breakthrough discovery here. What's more important, however, is what ROIC on complex strategies would be going forward. If it is 12% - 15% ROIC (disregarding management fees and incentive fees), then it is a cause for concern.
biggreenoak
13/5/2019
19:49
czeck, A death cross probably sounds more dramatic than it really is. Like many other indicators, it is lagging, so while there is nothing in the near term that can stop it, barring a miracle, or suspension, it could be seen by some as an opportunity to start thinking about when might be the time to buy. edit, you could read up about SMA's online, quite simple concepts involved.
bamboo2
13/5/2019
18:51
Yes, very good and helpful to see that he met 30/40 institutions that day as well. A pity we couldn't have finished above £15 but in a bad day on the markets a very good performance that bodes well. The business is doing fine, it's just sentiment is very volatile
mad foetus
13/5/2019
18:20
You are very welcome. Lets see if bur goes back where it belongs. Time will tell
arregius
13/5/2019
16:13
Jockthescot, thank you for answering my question and posting a link to the website. Arregius, thank you for a direct link to the video.
biggreenoak
13/5/2019
16:01
Arregius - great, thanks. So that's the Shares Mag presentation. The rebuff to Cannacord starts at 18:00. There's also why we don't move from AIM, and why IFRS accounting is a poor way to represent the business.
jonwig
13/5/2019
14:57
https://youtu.be/9KvmdZK8VNgBogart also answers a questions about the cannacord note
arregius
13/5/2019
14:23
Lols, that was an auto capital letter!
mad foetus
13/5/2019
13:59
MF, don’t say the word ‘Trump’ or you will jinx BUR again :o)
bigbigdave
13/5/2019
12:49
Sorry MF; do you mean reversal from the big decline witnessed recently?
czeck
13/5/2019
11:43
Candles look to be showing a classic reversal signal, they would Trump anything else at the moment for me.
mad foetus
13/5/2019
11:15
Good write up in Investors Chronicle of BUR but no mention of Cannacord
rar100
13/5/2019
11:03
Hi Bamboo; don't like the sound of that death cross, especially on the back of the sustained share price weakness. Would a positive rise on Monday alleviate this?
czeck
13/5/2019
09:42
Has no history of a trading update with the AGM statement so unlikely to deviate from that...............that is unless they wish to stamp on Cannacord comments
bigbigdave
13/5/2019
09:42
No not normally, other than confirmation of any voting.
lomax99
13/5/2019
09:33
does bur issue a statement on its agm- there is one tomorrow-please confirm anyone!
ali47fish
12/5/2019
16:09
I agree he should have provided a link. But as a paying subscriber to IC, I rather resent it being made free-to-view in entirety. It's the AIM 100 annual list (BUR is No 1) by the Companies Team: https://www.investorschronicle.co.uk/shares/2019/05/09/the-aim-100-2019-10-to-1/
jonwig
12/5/2019
16:05
compnews- who is the above article by and can you provide a link/date ofpublication!
ali47fish
12/5/2019
11:18
Please post sources, compnews. Always helps. I believe source for above is IC.
keyno
12/5/2019
08:19
After enjoying a spectacular run in the prior two years, shares in BurfordCapital (BUR) endured a rockier rideafter last year’s equity market downturn. However, that comes with the territory given the stock’s high-growth status and belies the litigation finance specialist’s track record of impressive returns. Last year the return on its core portfolio jumped 85 per cent, with realisations from 26 different investments helping boost total income by a quarter. Since 2018, Burford Capital has been joined by litigation finance providers Manolete Partners (MANO) and Litigation Capital Management (LIT) on London’s junior market. However, those groups are minnows in comparison to Burford, which had net assets of $1.36bn at the end of December. The funding firepower backing Burford also puts it head and shoulders above peers, after it secured an additional $1.6bn (£1.3bn) in funding during 2018 for litigation finance investments, including $667m from entering a strategic relationship with a sovereign wealth fund. Under the agreement, a $1bn pool of capital will be invested on a 2:1 basis, with Burford providing the remaining $333m in exchange for 60 per cent of profits generated once the initial investment has been recovered. Encouragingly, for a group deploying such a high level of capital, Burford only tapped investors for further funds in October last year, raising nearly £200m via an oversubscribed share placing. That cash was raised to finance geographical expansion, including moves into Australia and Germany. Up until 2016, the group had financed new investments using cash receipts from existing business. Investing in litigation finance providers like Burford carries a natural level of high risk and assessing the value locked up in the portfolio is more difficult than traditional financial services groups. However, Burford only alters the fair value of ongoing cases in the event of a secondary market transaction, where it sells part of an interest in a matter to third parties, or if there is a significant development in the legal process of a case. Despite the rate of share price growth slowing since the final quarter of last year, we remain encouraged by the large amount of capital ready for deployment and the group’s track record of doing so profitably, with the portfolio generating a 31 per cent internal rate of return since its inception a decade ago. We remain buyers.
compnews
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