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 6776 to 6800 of 7200 messages
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DateSubjectAuthorDiscuss
05/6/2019
08:21
Perhaps the SWF might like to take over Woodford's holding? If not, there should be a number of willing takers. The Woodford suspension is likely to take a minimum of 3-6 months, roll on our results in July...
lomax99
05/6/2019
08:18
Not sure about that. Could it be that the reason BUR share price is as low as it is already is because of the market anticipating Woodford selling in the future that may now never come (or be less severe than anticipated)? If that was the case, then him effectively converting his fund into a pseudo-passive fund may attract BUR buyers back out? Noting Kier up 7% too on a similar basis?
gettingrichslow
05/6/2019
08:17
Thanks bestace - any views on the likelihood of the Supreme Court doing a u-turn? I would have thought the chances were minimal, if so just a delaying tactic?
lomax99
05/6/2019
08:16
I looked at the Woodford portfolio. I agree, selling the unquoted will be difficult. And there are loads of failing listed like AA, Kier, PFG that will push the share price down even further, Its a downward spiral.
brexitplus
05/6/2019
08:14
"Market commentary" indicates, whether or not Woodford has sold or will sell BUR, the expectation is that there will be sales. That has, and will, put downside pressure on our share price This from Vox Markets today: "The downfall of Neil Woodford sent shock waves through the stock market as shares tumbled in companies linked to the once-feted fund manager. The 59-year-old stunned ordinary savers and the City by blocking withdrawals from his flagship Woodford Equity Income fund after the market closed on Monday. The move triggered a brutal reaction yesterday as regulators faced calls to step in and industry experts said Woodford was having ‘a dark and terrible moment’. Shares in another of his funds, the listed Woodford Patient Capital Trust (WPCT), plunged as much as 20% as investors lost faith in the fallen star. Fund supermarket Hargreaves Lansdown (HL.)and wealth manager St James’s Place (STJ), which have billions of pounds of their clients’ money invested with Woodford, also saw their shares slam into reverse. A host of companies held in the Equity Income fund fell as investors braced for Woodford to sell shares to free up cash for savers seeking to withdraw money. Among those worst-hit were drugs company Circassia Pharmaceuticals (CIR), where Woodford has a 28% stake. Technology investor Allied Minds (ALM), where he holds 27.4%, also took a battering as did online mattress seller Eve Sleep PLC (EVE), where he owns 46.8% of the stock. Neil Woodford was dealt another blow last night after the proposed takeover of Provident Financial (PFG)collapsed. The embattled fund manager owns nearly a quarter of the doorstep lender’s shares and was one of the most prominent backers of a hostile bid by Non-Standard Finance (NSF) . But NSF has abandoned its pursuit of the Provvy after months of wrangling. It is understood that the Prudential Regulation Authority (PRA) effectively killed the deal by raising concerns about the financial structure of the proposed business. The collapse of the plan represented another blow to Woodford, 59, as he grapples with a crisis at his flagship fund. As well as owning 24.7% of the Provvy, Woodford has a 25.7% stake in NSF."
sogoesit
05/6/2019
07:58
In specie redemepton and conversion of the small cap/unquoted into an investment trust is probably best way of resolving.
williamcooper104
05/6/2019
07:57
It’s curtains for Woodford His Bur holding will be sold/massively reduced He may want to keep it but he can sell it - which is more than can be said for the stuff he would like to sell
williamcooper104
05/6/2019
07:55
He took home over £30m last year. The decent thing would be to shut up shop, except the illiquid stuff, and go into run down mode. BUR is probably the one share he holds that someone might accept as an in specie redemption.
mad foetus
05/6/2019
07:52
LOL, how could Woodford guarantee selling stuff for which there is no market. As has been posted previously, the only way he could generate cash quickly is through organised placings of his quoted holdings... ...which may not serve his investor's best interests long term, but he seems not to have been doing that for quite a while.
shanklin
05/6/2019
07:50
Getting I think that when it opens again there may be a rush to get out because of the poor performance of the listed shares he holds, like Kier and AA. Then there really will be forced selling. The Focus fund, without unquoted and illiquid shares is doing badly too. Confidence is shot.
brexitplus
05/6/2019
01:25
I think the assumption is, he will have no choice.
time_traveller
05/6/2019
00:04
Not sure why so many on here are still talking about selling pressure from Woodford. If you watch the video he has just released it makes it quite clear that he will only be selling out of unlisted and unquoted stocks. That's not BUR.
gettingrichslow
04/6/2019
18:06
Yes but if the Woodford site is correct they hold about 6.5%. If they were to drop another 1.5% or approx 50 million in value then Burford would have to be notified. Further conversation reply email from me - The same information is stated on the woodfordfunds.com website however I guess from what your saying the same applies. Burford Reply - Yes, I appreciate where you’re coming from but we have to abide by TR-1 notices, even if we believe actual shareholdings to differ based on other disclosure. I appreciate your interest in this and why your attention is drawn to this. Thanks, Such a professional company to reply to my emails so promptly.
syoun11
04/6/2019
18:01
Thank you fo that
arregius
04/6/2019
17:50
Syoun11 That is very helpful. So the holding could be anything between 5% and 10%. Would help if if Burford was FTSE listed.
brexitplus
04/6/2019
17:39
Following may be worth noting . Here’s a question I sent to Burford along with the Reply. Your sites states that Woodford have 20,724001 shares 9.48% of Burford. So at a rough price of £16 that’s £330 million in value. In the Times paper and on the Woodford website it states that 5.48% of their fund is in burford shares. With there Woodford equity fund valued at £3.79 billion that equates to approximately £210 million in value and not £330million. Its possible they have some Burford shares in patient Capital trust fund but can’t be anywhere near the £120 million gap I’ve stated above. Reply. Thanks Sean, yes I’m aware of those other snippets of information, but we cannot use unreliable sources to speculate on a shareholding as they are not what the shareholder has disclosed to Burford Capital. Fyi, for Burford Capital, shareholders must inform it of changes in their ownership in either direction of each 500 bps of voting rights between 5% and 75%. So if Woodford were to fall below a 5% shareholding in Burford, it would have to notify the company and through Burford the market. Similarly, if it went above 10% it would also have to notify the company (and through Burford the market). Any changes in between this band do not require Woodford to notify Burford (and therefore the market). I hope that helps. Best regards, Rob. So I think they have between 6 & 7% and not 9.48%
syoun11
04/6/2019
16:06
Well,I'll be getting over a thousand pounds in dividends!!( Actually,most of the holdings in pension funds ,so no access,but still.)
djderry
04/6/2019
13:11
This other FT link is also worth the read daily: Https://www.ft.com/stocks-to-watch
galatea99
04/6/2019
13:04
Thanks Galatea - Good link Of course, Invesco with 15% hold a lot of the same shares as Woodford. Performance there bad as well.
brexitplus
04/6/2019
12:51
The Woodford effect on a whole bunch of shares, top topic in FT Alphaville: Https://ftalphaville.ft.com/marketslive/2019-06-04-2/ Burford by no means the hardest hit.
galatea99
04/6/2019
12:40
Yes,there’s the Woodford factor but I think the effect is magnified with Burford because it’s somewhat unique as a listed vehicle unlike Taylor Wimpey for example. It’s very hard for fund managers to consistently outperform year in year out.The judgemental quarterly report doesn’t sit easily alongside the vagaries of algorithmic trading.I can see a continuing decline in stock Exchange listings,both sides of the Atlantic,making it very hard for managers to pick out fresh winners.That said,Woodford has bent a few rules with this unquoted element and locking in frustrated fund holders could be a foolish move with serious repercussions.Hey ho,hero to zero for Neil then,’every man kills the thing he loves’ as Oscar Wilde observed and no more so than the English press.
steeplejack
04/6/2019
12:25
Cant see this rallying either. Will stay on my watchlist as I think there may be value at some stage.
greatballsoffire451
04/6/2019
12:22
If you look at the chart there is a big 'W' on it, bad omen! Chart is very choppy can see it going to 1000 on this downtrend.
ltcm1
04/6/2019
12:14
Terrible manager, got lucky with his listed picks then hubris reigned supreme, started his own gig (red flag in itself) attracted a load of mugs into his ring and now they are stuffed.
steptoes yard
04/6/2019
11:42
I'd expect it will fall further until the selling pressure from Woodford holding has cleared. Buying opportunity, no one knows how low it will fall my best guess is £10.
ilostthelot
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