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
  +10.00p +0.65% 1,548.00p 1,544.00p 1,547.00p 1,552.00p 1,524.00p 1,544.00p 465,030 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 314.6 239.3 82.9 18.2 -

Burford Capital Share Discussion Threads

Showing 6951 to 6973 of 7175 messages
Chat Pages: 287  286  285  284  283  282  281  280  279  278  277  276  Older
DateSubjectAuthorDiscuss
24/6/2019
20:28
Price went up over4% when information released but dropped back. I’m assuming Woodford situation holding investors back
syoun11
24/6/2019
19:20
how come the share price has not risen more-the rns was released at 14.30 what time zone is that? can't be after london market close!
ali47fish
24/6/2019
19:16
Sorry Shanklin, thought I had - but thanks for the shout-out anyway ;-) Will admit to reading it "under the influence", whilst travelling back from York, but still not sure what you mean? Great news regardless, and reaffirms my reasons for holding long term.
xajorkith
24/6/2019
17:52
Steptoes Yard As he has with Kier, AA, PFG, etc.😂㈳4;😂
brexitplus
24/6/2019
17:39
Minerva will say when
steptoes yard
24/6/2019
16:54
Well, I bought more just before the close. I think being on AIM limits BUR's eligibility for many investors. I recall seeing that BUR has the highest conviction rate of all stocks held by institutions (i.e. whenever an institution holds it, they hold it in an overweight position).
mad foetus
24/6/2019
16:54
Won't know for sure until eod close tomorrow, but it looks like today's turn is a high turn or peak.
bamboo2
24/6/2019
16:53
by normal standards, he already has !!! and of course why sell a top quality growth stock, unless you are a forced seller, which we know Woodford has been
stoxx67
24/6/2019
16:53
Perhaps waiting for Woodford to sell big. Also it’s AIM listed and not in many funds mandate.
brexitplus
24/6/2019
16:48
Stoxx, I tend to agree, so the obvious question is 'where are all the big buyers that agree with that analysis?'. Time and time again on this board, almost everyone is firmly of the view that this is undervalued, yet the market doesn't react accordingly? There is nothing to stop big buyers wading in if it is so clear cut, but they're clearly not doing so!
gettingrichslow
24/6/2019
16:36
trading at a ridiculous price, even with a conservative P/E we should be over £21 now , yet we languish at £16. great results last time were met with a derisory share price response, lets see if todays news and the lead up to results are the catalyst to Burford share price finally making a solid push North, it is somewhat overdue.
stoxx67
24/6/2019
16:30
Bloomberg report on the Supreme Court decision. They seem not to have picked up Burford's RNS. https://www.bloomberg.com/news/articles/2019-06-24/u-s-supreme-court-rejects-argentina-ypf-on-shareholder-suit
galatea99
24/6/2019
16:07
Excellent,prudent risk management and cash in the bank.Now,will Argentina be more inclined to settle?
djderry
24/6/2019
16:05
Can't help but wonder if Woodford offloaded a few into that spike: it is significant news and you would expect a more sustained reaction
mad foetus
24/6/2019
15:55
Blimey Xajorkith, perhaps you should read the RNS.
shanklin
24/6/2019
15:51
Great news ahead of next month’s half year results. Not only a 25% increase in the underlying value of their holding, but another $100m (pre-tax) of realised gains banked for H1, almost guaranteeing eps upgrades. Significantly oversubscribed, so clear demand should they wish to sell a further 11.15% (over and above the remaining 50.1%). Nothing certain of course, but highly likely Argentina settle by end of 2020 imv.
xajorkith
24/6/2019
15:13
Great news ! Congratulations Burford ! A shrewd sale and what appears to be a signal that the Petersen case is now able to proceed with the likelihood of a decision next year. Despite the shadows of Argentina trying to stall the case, the Canaccord misunderstanding of the financials and the Woodford 'possibility' of having to reduce his holding... Burford march onwards producing the goods ! Will Gladstone close their short ?
alroyrob
24/6/2019
15:07
The sale “The sale was to 11 institutional investors and was significantly over-subscribed. Including prior purchasers, there are now approximately 40 institutional investors participating in the Petersen secondary market.” Impressive
brexitplus
24/6/2019
14:57
So, ignoring any potential implications of today's RNS, what was BUR's 71.25% has increased in value from 71.25% of $800m, ie $580m as per the RNS on 11-Jul-18... ...to 71.25% of $1Bn, i.e to $712.5m, so by $132.5m, or circa £104.2m at the current GBP/USD rate of 1.2718. Not sure of the tax chargeable on this gain.
shanklin
24/6/2019
14:50
Here we go £££;££
syoun11
24/6/2019
14:46
TREMENDOUS! A win of the whole case next year for Burford must now be short odds. $$$$$$$$$$! Besides that, the $100m just cashed in, as well as a revaluation of the 61% stake still held, will be in the half-year results due on July 24. They should blow all forecasts out of the water. TAKE THAT, CANACCORD GENUITY!
galatea99
24/6/2019
14:46
BUR is Undervalued. Hope this makes 1H 19 results and its a belter.
qruz
24/6/2019
14:45
Here’s what has just been release on IG news board This announcement contains inside information. 24 June 2019 US SUPREME COURT DENIES PETERSEN HEARING, FURTHER BURFORD SALE OF PETERSEN INTERESTS Sale of 10% of Petersen entitlement yields $100 million at an implied $1 billion valuation Burford Capital Limited ("Burford Capital" or "Burford" or "the Company"), the leading global finance and investment management firm focused on law, announces that the US Supreme Court has declined to hear Argentina's and YPF's appeals in the Petersen case, with the result that the lower court decisions finding jurisdiction for Petersen's claims in the US are now final. The Petersen case will now return to the trial court for merits proceedings. This continues an unbroken string of victories for the Petersen case in the courts. While we are pleased with this decision, it is important to emphasise that this decision relates purely to a preliminary jurisdictional question and does not foreshadow any particular result in the underlying litigation. Although the Supreme Court's decision is a matter of public record, Burford has issued this announcement as a matter of convenience. However, Burford does not intend to regularly issue such releases for other interlocutory steps in the proceedings, of which there are likely to be many before a final resolution. Burford also announces that it has sold a further 10% of its entitlement in the Petersen matter into the secondary market it has been developing, leaving Burford with 61.25% of its original entitlement. The sale price was $100 million, implying a value of $1 billion for Burford's entire original Petersen entitlement. Burford has now generated $236 million in proceeds from Petersen sales. As the market value of the Petersen matter has continued to rise (and as Burford also has further exposure to YPF-related claims through the Company's investment in the parallel Eton Park matter), reducing Burford's total holding and locking in significant profits represents prudent portfolio management. However, Burford has committed always to hold at least 50.1% of its original economic entitlement in the Petersen matter. The sale was to 11 institutional investors and was significantly over-subscribed. Including prior purchasers, there are now approximately 40 institutional investors participating in the Petersen secondary market. Burford will consider the impact of the Supreme Court's decision and further secondary market trading activity as part of its investment valuation process for the six months ended 30 June 2019. Our valuation process is discussed in detail in our annual reports. The person responsible for arranging for the release of this announcement on behalf of the Company is Elizabeth O'Connell, Chief Financial Officer.
syoun11
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