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
  0.50 0.08% 616.50 614.50 616.50 629.00 608.00 625.50 3,491,579 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 314.6 239.3 82.9 7.6 1,348

Burford Capital Share Discussion Threads

Showing 6601 to 6624 of 17150 messages
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DateSubjectAuthorDiscuss
14/5/2019
17:11
Anyone attended the AGM?
arregius
14/5/2019
17:11
Yep i meant that thanks
arregius
14/5/2019
16:23
bgo - I suppose it depends on the end allocations. The current investment portfolio on page 25 of the AR suggests that $320.9m (12.8% of the $2.5bn) will relate. to Recourse/complex strategies. (14.5% of BS investments). Hopefully future commitment allocations to complex strategies will seek to significantly redress the intended balance.
lomax99
14/5/2019
16:06
BigGreenOak,Surely it IRR's that are important rather than ROIC which as a metric takes no account of time. I'd expect partially realised investments for any given year to have a higher ROIC as they will tend to have been running for a longer period of time than the concluded cases.
cockerhoop
14/5/2019
15:36
1. Mad Foetus, Burford is not mixing post-settlement and complex strategies on p. 29. 2. Arregius, complex strategies are not portfolios. I assume that you by "portfolios" you mean investmetns where Burford finances portfolios of claims as opposed to single cases. 3. Jonwig, you are 100% correct. Burford has been vocal about Complex Strategies having lower ROIC, shorter duration and lower risk of a commplete loss (becuase if a litigation claim is lost, Burford still own the underlying assets). This is where my opinion differs from yours. (a) 6% of profit is the wrong metric to look at. You are looking at the rearview mirror. (b) We need to be looking where Burford's commitment and deployments go. ~30% go into complex strategies (see p. 5 of 2018 AR). We do not know how much of that will come from the Funds and how much will come from the B/S. But 30% of committments going to Complex Strategies will bring ROIC down. (c) P. 25 shows that ~10% of current B/S investmet portfolio is Complex Strategies.
biggreenoak
14/5/2019
13:58
Burford Special Brew
minerve 2
14/5/2019
13:50
Standard AGM statement out.
lomax99
14/5/2019
09:10
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
05:48
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
05:42
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
04:10
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
03:58
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
13/5/2019
23:09
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
18:49
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
17:51
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
17:20
You are very welcome. Lets see if bur goes back where it belongs. Time will tell
arregius
13/5/2019
15:13
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
15:01
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
13:57
https://youtu.be/9KvmdZK8VNgBogart also answers a questions about the cannacord note
arregius
13/5/2019
13:23
Lols, that was an auto capital letter!
mad foetus
13/5/2019
12:59
MF, don’t say the word ‘Trump’ or you will jinx BUR again :o)
bigbigdave
13/5/2019
11:49
Sorry MF; do you mean reversal from the big decline witnessed recently?
czeck
13/5/2019
10:43
Candles look to be showing a classic reversal signal, they would Trump anything else at the moment for me.
mad foetus
13/5/2019
10:15
Good write up in Investors Chronicle of BUR but no mention of Cannacord
rar100
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