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
  -9.50 -1.47% 635.50 635.00 637.00 666.00 632.50 666.00 1,090,156 16:35:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 314.6 239.3 82.9 7.9 1,390

Burford Capital Share Discussion Threads

Showing 6726 to 6750 of 16300 messages
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DateSubjectAuthorDiscuss
30/5/2019
11:29
Glaws, Ok, so if the realised gain of $87m is booked in 2018 (Note 7 seems to confirm this) then the fair value adjustment must have been reduced by $56m to reflect the transfer of the previously booked unrealised gains to realised. Just trying to get my head around the process and comparing it to the Ccg Research Note.
cockerhoop
30/5/2019
10:09
I would have thought that 2018 would be a realised gain of $87m (but I'm no accountant)
glaws2
30/5/2019
09:47
Guys, Regards Teinver are the following numbers how you'd expect to see the realised/unrealised gains appear in the respective year accounts? End of 16 realised 0 unrealised $17m End of 17 realised 0 unrealised $39m End of 18 realised $31m unrealised 0 H1 of 19 realised $7m unrealised 0
cockerhoop
30/5/2019
09:29
The last time he reported BUR was his second biggest holding after BDEV, but he has a lot of illiquid stuff in there. The FCA should imo step in and sort it out as it is a death spiral now that is destroying vast amounts of capital.
mad foetus
30/5/2019
09:24
MF - It must be killing him to have to sell these, when might we be due a holdings RNS? It may be worth tracking Woodford's monthly fund updates.
lomax99
30/5/2019
08:53
Jonwig, Arden Valuation: At 2.8x P/NAV we believe the Group’s ROE consistently in excess of 25% (despite investing significantly in new cases, therefore inflating NAV) and ROIC of 85% is undervalued and re-iterate our target price of 2,300p.
cockerhoop
30/5/2019
08:27
FT reporting that Woodford main fund dropped in value by £560m from £4.33bn to £3.77bn in less than 4 weeks. It was £10.2bn 2 years ago. Given BUR is it's second biggest holding at 5.68%, he must be selling some. Maths would suggest around 2m shares worth in the last 4 weeks, all other things being equal. It is huge selling pressure, and may continue, but for anyone with a long-term perspective, it presents a fantastic opportunity. I suspect share price would be £25/30 right now without that selling pressure.
mad foetus
30/5/2019
08:26
Liberium re-iterate BUY. tp=2470p
aishah
30/5/2019
08:10
Shanklin - as it stands, you're right. But look at the downside potentially hanging over the matter, unlikely though it was. That needed to be cleared.
jonwig
30/5/2019
08:10
The Teinver award is USD 320m plus pre and post award interest
papy02
30/5/2019
08:01
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
07:59
Don't think it justified an RNS, but definitely worth a non-regulatory RNS as useful background.
shanklin
30/5/2019
07:49
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
07:45
Thanks all - yes, an extra $7m is small beer here.
jonwig
30/5/2019
07:42
Arden make no changes to forecasts at present and reiterate target price of 2300p.
penpont
30/5/2019
07:41
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
07:41
Arden re-iterate 2300 jonwig
bigbigdave
30/5/2019
07:40
Does anyone know why they had a put option on this in the first place?
trident5
30/5/2019
07:28
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
07:02
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
07:02
Good rise at opening.
brexitplus
30/5/2019
07:02
You tell 'em Burford!
djderry
30/5/2019
06:43
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
06:32
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
06:25
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
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