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
  -11.00p -0.69% 1,590.00p 1,585.00p 1,587.00p 1,621.00p 1,577.00p 1,610.00p 401,371 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 314.6 239.3 82.9 18.8 3,477

Burford Capital Share Discussion Threads

Showing 6701 to 6725 of 7200 messages
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DateSubjectAuthorDiscuss
30/5/2019
09:10
The Teinver award is USD 320m plus pre and post award interest
papy02
30/5/2019
09:01
Does anyone know why they sold a binary outcome for $100m promising to pay back the $100m if the outcome falls the wrong way?
trident5
30/5/2019
08:59
Don't think it justified an RNS, but definitely worth a non-regulatory RNS as useful background.
shanklin
30/5/2019
08:49
I think the release was as much demonstrating the valuation process as the completion of the deal. Will be interesting if Canaccord raises its head.
brexitplus
30/5/2019
08:45
Thanks all - yes, an extra $7m is small beer here.
jonwig
30/5/2019
08:42
Arden make no changes to forecasts at present and reiterate target price of 2300p.
penpont
30/5/2019
08:41
The Arden note says that due to it being a small amount they have not changed their forecast. They reiterate their target price of 2300.
monions01
30/5/2019
08:41
Arden re-iterate 2300 jonwig
bigbigdave
30/5/2019
08:40
Does anyone know why they had a put option on this in the first place?
trident5
30/5/2019
08:28
I see Arden Partners has dropped in a note on today's announcement. This is all I can read: The Group has announced the dismissal of an annulment application against the Teinver case by the World Bank arbitration panel, meaning the put option on this case has now expired and it can recognise the full income for the 2018 sale. Not only does this remove the risk of reversal of previous income, further details in the announcement shows the conservatism in the FV marking of this case. We re-iterate our Buy rating. Anyone help with more? A price target?
jonwig
30/5/2019
08:02
They viewed the chances of paying back the 100m as remote so no need to provideThus no obligation in their view
nfs
30/5/2019
08:02
Good rise at opening.
brexitplus
30/5/2019
08:02
You tell 'em Burford!
djderry
30/5/2019
07:43
Ok, thanks for feedback. I thought that carrying the put, with an obligation to pay $100m back, would have meant that that obligation would have required a provision of $100m on the balance sheet. It's all a P&L issue in that case.
sogoesit
30/5/2019
07:32
NoIf the judgement had gone the wrong way for Burford, they would have had to reverse the gain previously booked- so a hit to P&L. They booked income progressively as they explain in the RNS. There was no further case income to book , except the put expiry now booked as 7m Good to see them explaining their recognition process and the returns %
nfs
30/5/2019
07:25
Re. Teinver: Am I right in thinking that, in addition to $7m being recognised as income, there will also be a provision of $100m written off?
sogoesit
30/5/2019
07:21
This should have Canaccord do some head-scratching: In aggregate, the Teinver investment produced $107 million of proceeds on a $13 million investment for a total profit of $94 million, a 722% return on invested capital and a 39% IRR. A bit higher than 51%, this one!
jonwig
30/5/2019
07:20
. With the put now expiring, the $7 million will be recognised as income in Burford's financial results for the six-month period ending 30 June 2019. "Now that this investment has concluded, Burford is able to provide a valuation history for the matter, which illustrates Burford's longstanding and conservative valuation process.... In aggregate, the Teinver investment produced $107 million of proceeds on a $13 million investment for a total profit of $94 million, a 722% return on invested capital and a 39% IRR." One in the eye for that woman at Canaccord! (Meanwhile, any informed and diligent investor/analyst would be entirely unsurprised)
time_traveller
30/5/2019
07:07
Mad Yes, looks very good. That’s the way to make money.
brexitplus
30/5/2019
07:04
Nice RNS explaining Tienver and accounting process
mad foetus
28/5/2019
15:19
Haven't bothered looking here whilst it takes it's course ,but 2 weeks was enough. Nice to see it coming back, I hope in July it surges and holds on results.
qruz
28/5/2019
12:23
Thanks, here's the link: https://www.sharecast.com/news/broker-recommendations/jefferies-reiterates-buy-on-burford-capital-says-value-of-petersen-recoveries-underestimated--4700209.html Sorry ... paths crossed!
jonwig
28/5/2019
12:18
Very good broker note from Jefferies. JEFFERIES REITERATES 'BUY' ON BURFORD CAPITAL, SAYS VALUE OF PETERSEN RECOVERIES UNDERESTIMATED Analysts at Jefferies reiterated their 'buy' recommendation for shares of Burford Capital, pointing out to clients that the company's share of the legal recoveries from the Petersen investment might reach $2.5bn, which would equate to 55% of the company's market capitalisation. In their opinion, the market was underestimating that value "although it is both an overhang and a potential positive catalyst for the shares." The Petersen case involved two Spanish firms - together known as Petersen - which were pushed into bankruptcy by the Argentine government's decision to expropriate oil outfit YPF in 2012. Those two companies sued the Argentine government in the States, alleging that the expropriation should have been carried out through a tender offer and at price set out in YPF's bylaws, and were now waiting for America's Supreme Court to decide whether or not it would hear an appeal on what the correct jurisdiction for the case was, the US or Argentina. On the other hand, the asset was also a possible source of capital at a premium to its carrying value on the balance sheet. Jefferies bumped up its target price for the shares from 2,253p to 2,364p, but only on account for changes in its foreign exchange rate assumptions. The next step in the jurisdiction would likely take place in the summer or autumn, Jefferies said, with the broker also estimating that the case could be heard in 2020.
brexitplus
28/5/2019
10:12
Looks like the Cannacord accounting issue is wearing off so looking to get above the trend lines at 1700.
sogoesit
28/5/2019
06:48
Has there a recent US SC decision on whether a U.S. court has a jurisdiction on Petersen already?? I am doubtful that even once such decision is rendered, it would push Petersen valuation up.
biggreenoak
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