Burford Capital Share Discussion Threads

[truthteller3] 06/8/2019 14:59

It's been a hell of a drop, though, hasn't it winsome?

Don't worry, wiggy, your hero (or is it alter ego?), will soon make it better for you with some judicious ramping.

[mad foetus] 06/8/2019 14:59

Well they are saying the company in question could go insolvent, which, given the degree to which BUR can service its debt, is bonkers.

[edmondj] 06/8/2019 14:58

MuddyWatersResearch
@muddywatersre

1h
Muddy Waters is now in a blackout period until tomorrow 8 am London time when we will announce a new short position on an accounting fiasco that is potentially insolvent and possibly facing a liquidity crunch. Investors are bulled up about this company. We're not.

[3dwd] 06/8/2019 14:57

Easy tgt for mkt manipulation

[3dwd] 06/8/2019 14:57

Just what they wanted !!

[pireric] 06/8/2019 14:54

Muddy waters may Be preparing a piece on this tomorrow based on their twitter. Though guesswork as they only indicated they'll publish at 8am UK time and didn't say what stock. So could be anything.

Their tweet timing broadly correlates to the drop starting a while back fwiw

[nurdin] 06/8/2019 14:52

Hard to buy any

[winsome] 06/8/2019 14:52

thruthteller, it seems you are only on the BUR thread due to spat with jonwig. If you've no real interest in BUR then please take it elsewhere.

[shanklin] 06/8/2019 14:47

Wonder if Woodford is finally selling?

[truthteller3] 06/8/2019 14:46

All that ramping that's gone on all day here isn't having a very salutary effect. Is it, perhaps, because of its desperate nature? I sincerely hope this is not going to poison LIT's well yet again.

What do you think, jonwig? You've been unsuccessfully ramping BUR for ages when you've been able to take time off from your obsessional trolling of WPCT.

[bulltradept] 06/8/2019 14:42

You can sell but not buy....

[clanger66] 06/8/2019 14:38

No idea. Just came out the blue.

[nurdin] 06/8/2019 14:36

Any reason for the sharp fall today?

[williamcooper104] 06/8/2019 13:35

The justification for Mano is that their realisation periods are short - but then for Bur the average isn't that much longer - Mano is I think 12 months - Bur about 20-24 months

[mad foetus] 06/8/2019 13:35

I think you can value it in 2 ways:

1) World leader in fast growing new industry, creating significant and fast growing profits and a stunning ROCE/IRR etc, and it looks very cheap on its P/E

2) Investment company showing good returns but in an area with few barriers to entry and so it looks very expensive on its P/NAV

That's the crux of it. If they were to decide to stop growing and just re-invest their capital and pay out the profits as dividends it would simplify matters in some way, but because they are investing in organic growth and dividends are minimal (though not if you invested 3/4 years ago) you can make either case at the moment.

[williamcooper104] 06/8/2019 13:31

And their average realisation period has fallen slightly - while a few take years and years on average its under two years

[williamcooper104] 06/8/2019 13:30

Some are estimated some are backed up with third party sales and are thus objective fact - write downs of write ups to date minimal

[williamcooper104] 06/8/2019 13:29

Yes business model is simple and accounts are transparent - but it's still a pig to value

[trident5] 06/8/2019 13:04

Whilst estimating the unrealised gains?

[djderry] 06/8/2019 12:58

No,but one of the secretaries had coffee , allegedly,with one of the underwriters!

[trident5] 06/8/2019 12:47

Are the CEO and CFO married to each other at Manolete?

[tradertrev] 06/8/2019 12:34

Interesting that CG are only knocking Burford on unrealised gains and not Manolete, where u/r gains are 48% of gross revenue or 65% of net revenue. Supports view that CG are shaking loose holders of a £3bn company to push them into LCM. No point trying with Manolete. They have succeeded with the first part of the plan.

[djderry] 06/8/2019 10:07

I'll look back at these shareprice levels in years to come and find it amusing.Of course the share price tells one nothing really ,except what the bi-polar market thinks on any given day.I wonder how many 'long term' holders were not long term at all.Napolean defined military genius as being able to do the simple thing when everyone else is losing their mind.This company is worth twice the shareprice,not counting future gains! Of course volatility is part of the bargain.Stocks can't help you if,at the first signs of market panic ( or cynical tree -shaking by shorters out to make 10 pence aided by a lone ludicrous analysis)if you don't let the portfolio alone to do its thing.The very reason that stocks/Burford produce superior returns over time is that they provide these returns in a volatile manner.Investors understand this.

[sogoesit] 06/8/2019 09:34

Hi brexitplus,
Long time no hear/see... hope all well with you and yours.

Indeed, here too, adding in our ISAs but, as you say, patience needed.
Good luck.