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
  -30.00p -3.80% 760.00p 759.00p 760.00p 790.00p 750.00p 790.00p 400,519 11:49:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 314.6 239.3 82.9 9.1 1,662

Burford Capital Share Discussion Threads

Showing 6801 to 6825 of 15000 messages
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DateSubjectAuthorDiscuss
05/6/2019
15:30
Woodford currently offloading PurpleBricks HTTPS://www.investegate.co.uk/purplebricks-group--purp-/rns/notification-of-major-holdings/201906051521392709B/
czeck
05/6/2019
15:09
It’s very common in family run companies Not ideal - but there’s many more cases of the CFO being little more than the yes man for a dictatorial CEO It’s a concern but not necessarily a Res flag If you sell part of a claim I don’t see how you cannot mark the rest of the claim on your balance sheet accordingly You don’t worry about investing in a commercial property company because their assets are marked much higher than cost To date their record on turning unrealised into realised has been good I’d be surprised if at some point they don’t take a write down on an unrealised being greater than what was realised - it equally there will be realised returns ahead of carrying book values Bur know they are creating a new industry and thus to date have been very conservative to build trust I don’t see this changing
williamcooper104
05/6/2019
15:06
Jonwig - do you know when she was appointed as CFO? I thought I read somewhere that it was a recent appointment. GRS - are those public companies? Has there ever been any emphasis on this being run by a husband and wife team?
trident5
05/6/2019
14:57
@ Xajorkith - I was unaware they were married until recently. I've decided, like you, that it's unlikely to be material. However ... the Guernsey company laws don't seem to attach much importance to anyone below main board directorship, despite the fact that Bogart and O'Connell are now two of the three most important people in the company. Bogart has relatively little mention in the original admission document, and O'Connell none. The people described in this document are in many cases quite different from the ones featuring today. Ongoing RNSs don't seem to capture these changes. If I have doubts about a company, one of the main things I check is the question of "related parties". The fact that I can overlook this one is a sign I'm relaxing my own rules. Not a red flag, then.
jonwig
05/6/2019
14:52
X and T5, according to Forbes, there are 8 >$1bn companies in the USA run by husband and wife teams. And over 1 million smaller companies.
gettingrichslow
05/6/2019
14:44
As per post early in the week if his site is correct then he had about 6.5% of burford as of close of business last Friday. Once he goes below 5% burford will be notified and it will posted on burford site under major shareholders ( see my post early in week for explanation)
syoun11
05/6/2019
14:06
Not sure if I can T5, but still don't believe that it's relevant & will have to agree to disagree on this. What I can find though, are numerous companies with suspect accounting (not that I agree BURs are) or where fraud has occurred, where the CEO & CFO were not married. BUR have a proven record over many years that their approach to valuing unrealised gains is very conservative & so far, very reliable (see the annual report). That may not continue of course, but I'm willing to give them the benefit of the doubt given the surge in invested capital since 2017.
xajorkith
05/6/2019
13:47
lomax - on the supreme court deciding in Argentina's favour, it's unlikely but possible. The latest Argentine brief highlighted 2 cases where the supreme court had granted certiorari after the Solicitor-General had recommended that they shouldn't, so there are precedents and one of those 2 precedents related to the commercial exemptions allowed by FSIA, which is the relevant point in Petersen's case. I've only skimmed the brief, but they seem to be pushing the same point as before that the Repsol expropriation and the failure to carry out a tender offer are inextricably linked. This argument has been considered at length by the district court of SDNY, the second circuit and now the Solicitor-General and it’s rejected by all 3, so I think Petersen/Burford can be feeling confident.
bestace
05/6/2019
13:41
X - too much unrealised (ie estimated) revenue here for me. Huge reliance on this being calculated properly and for me it's undermined when the people in these v senior roles are married to each other. Also, according to her online cv - she doesn't appear to be an accountant. The realised revenue for the last two years seems to be largely made up of just two cases and sales of interests in those in the secondary market, rather than through settlement/court - which also left me less confident about the business model. You ask if a company becomes uninvestable if the CFO and CEO are married (to each other, presumably). That's a decision for each of us - my question to you is - can you find any other examples?
trident5
05/6/2019
12:59
I'm not sure what you are suggesting trident5. Are you implying that a company becomes uninvestable if the CEO & CFO are married? Whatever your view on the realised / unrealised argument, Burford have always been completely open about how they operate, and their annual report is one of the best I have seen. CEOs & CFOs always work very closely (albeit not that close!), and their actions closely scrutinised regardless of whether they are married or not. I agree it's not ideal, but personally don't see it as a major issue when set against BURs impressive record & huge potential going forward.
xajorkith
05/6/2019
11:30
apologies brexit+ didn't see your post, was an idle question i posed. was rather hoping he did not have anywhere near 5% left, sadly , would seem he has, it's not good !!!
stoxx67
05/6/2019
11:26
Having highlighted that the CEO and CFO are married to each other I'm at a loss as to how they can recommend Burford.
trident5
05/6/2019
10:59
It also raises the question of how CG can maintain their ridiculous target price and sell rating on Burford while also saying it is one of their top stock picks for 2019.
galatea99
05/6/2019
10:53
galatea99 - Clearly she did not. It really just goes to show that these are simply peoples opinions, always to be taken with a pinch of salt.
blackfinance
05/6/2019
10:26
Surprise, surprise! Here's Canaccord Genuity picking Burford as one of their stocks to watch in 2019. Https://www.whatinvestment.co.uk/seven-stocks-to-watch-in-2019-2616237/ Did Ms Portia Patel not get the memo?
galatea99
05/6/2019
10:17
Apple podcast: "Combrinck said: "I chose Burford, it is the largest litigation finance company on the planet. It is still fairly small in a fairly young very fragmented industry. I think there's about 20 public listed companies scattered around the globe - most of them in the UK the does litigation finest. You will mostly find them were there is Roman common law. Smaller law firms would offer their client's financing needs to Burford which takes a lot of pressure away from the litigation team and from the law firm itself. This started with individual cases at the beginning so Burford at this stage the have raised capital and are now managing some of these finance pools basically as collective investments or as a fund and you can invest in that fund if you are a private equity holder or you can just buy the share on the London Stock Exchange. It is trading a 16 price earnings ratio. Projections are is that the industry will be five times the size it is now in the next 10 years and Burford is currently the industry leader." Https://podcasts.apple.com/za/podcast/stock-watch-stock-picks-investec-and-burford-capital/id1301421528?i=1000440570370
galatea99
05/6/2019
09:36
Stoxx67 As posted above, he has to inform the Markets when he goes below 5%.
brexitplus
05/6/2019
09:19
anyone have an idea as to the BUR holding Woodford still has left? he's already placed enormous pressure on the Burford share price by selling large and frequently ( because he had to ). i'll be glad to see the back of him and his fund, forced sellers are a nightmare !!!
stoxx67
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
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