Burford Capital Share Discussion Threads

[jitters3] 25/7/2019 14:56

Uou bought fundsmith equity

[capitalist] 25/7/2019 14:54

Woodford raising some cash maybe?

[mr bennn] 25/7/2019 14:36

Tell me about it. Never thought to get out th58s morning as i hav too much cash in this share right now. Up 6% then down 5% in same day

[onup] 25/7/2019 14:33

Record results ,,,unbridled optimism , more buys than sells any views on share price appreciated ?.?

[qruz] 25/7/2019 14:24

Sold this morning soon as the leg up failed (Been in and out since end of 2016), there is a huge shadow over this company / share. Will continue to watch / keep track to re-enter, just feel the share price is going to decline over the next few months... just like it's done since Xmas.

Could be completely wrong but I go with my gut.

Terry Smith now has my BUR money.

[mad foetus] 25/7/2019 14:19

But if you exclude Petersen...you would have a very different company as it is worth a billion. As they have said several times, asymmetric returns are the nature of the game

[stentorian] 25/7/2019 14:13

From the shareholder call

Secondary deals - over 40 institutions have been involved.

[jarega85] 25/7/2019 14:04

Wow! Where the hell is the share price going!!?

[jeff h] 25/7/2019 14:00

From the Interims:-

Cash and liquidity management

"Burford closed the period with $171 million of cash and cash management investments on our balance sheet and an unusually high $173 million of litigation finance receivables. That receivables balance was simply due to timing; we had several large payments due in early July and thus those matters were shown as receivables over the period end. Since the period end we have been paid $126 million of those receivables,
as expected."

[djderry] 25/7/2019 13:58

The market is completely irrational,added another 10 K (626 shares) and will start selling other shares to buy if this keeps going south,it's a surreal response,going to earnings call now.

[lomax99] 25/7/2019 13:53

Added a few.

[trident5] 25/7/2019 13:46

Talk of an American listing reminds me of Quindell.

[cockerhoop] 25/7/2019 13:39

Matt Earl from Shadowfall (who is short) is also stating his short rationale via twitter.

[riverman77] 25/7/2019 13:34

Worth going to FT alpahville where they give an over view of the brokers views. Specifically the bear case from CC seems to be now centered on the lack of cash generation, and the possible need for a cash raise. They say, that if you exclude the 100m from Petersen then cash generation is way down on last year and very weak. That's probably what's causing the poor sentiment.

[its the oxman] 25/7/2019 13:32

Why is it down?

[djderry] 25/7/2019 13:31

Ok,I normally don't pay much attention to the share price on the basis that,over time,it will take care of itself.I already have several hundred thousand euro/ pounds worth of these in the portfolio ,I've just added another ten K approx ( 590 shares) and,if it keeps going down,will add again.

[eentweedrie] 25/7/2019 13:16

interesting drop - sentiment not very good it appears.Keen to buy in but will hold off and see where this goes...

[sogoesit] 25/7/2019 13:11

Well, someone's got to be wrong.
So, being contrarian, I've added again today at 1640.

The good news is that that buys me the half year's value at about 20x P/E so I can wait another six months for the other £16 of value at full year's value.

How are all these analysts basing their valuations, on earnings, on "assets" on a multiple of ROIC, on asset returns compounded with a RoR... what?

[galatea99] 25/7/2019 12:21

More comment here:

"Cube Midcap Report (25 July 2019)"



(I don't rate Roland Head very highly since his record on Stocko has been rather spotty. Still, his comments may be an echo of what may be holding back some investors).

[mad foetus] 25/7/2019 12:10

I just wonder if some US PE firm is eyeing this up?

[mad foetus] 25/7/2019 12:08

Investor call in a couple of hours. If price is still down I wonder if they'll get questions on share price action over last few months. It is something they alluded to after all

[minerve 2] 25/7/2019 12:08

Burford Special Brew

[time_traveller] 25/7/2019 12:08

Indeed. Plenty of screaming shorts in the market, but Buford would be about the last I would choose. That said, so much of the coverage around it is very stinky, but then what do you expect for AIM - it's no good Buford winging about it - time to join the grown ups.

[cockerhoop] 25/7/2019 12:08

tradertrev,

Cheers, I'd missed that - interesting that both were not cash collection issues but special cases, ie equity going South, and IP becoming worthless.

[galatea99] 25/7/2019 12:04

Some comment from Macquarie and Bernberg (and Canaccord, still saying to "sell"!) on FT Alphaville Markets Live, near the end, from 12.52 onwards:



(It is presumably CG that is causing the pullback once again.
Oh, to have a Priti Patel rather than a Portia Patel!)