Burford Capital Share Discussion Threads

[ltcm1] 07/8/2019 09:57

The worry for them is they will end up like HBOS, unable to tap markets for capital when their whole model depends on it.

[keyno] 07/8/2019 09:56

Are MW shorting or merely in for ruination of BUR?

[ali47fish] 07/8/2019 09:56

i can't even sell online and my broker tells me yuou have to put a limit!

[adnan17] 07/8/2019 09:56

Well, well well, this just got interesting.

But Muddy Waters have been wrong on so many previous shorts and has been accused of manipulation. This includes

Casino
Anta
Manulife Financial Corporation

In relation to Casino (back in 2016), the French regulator AMF according to Le Monde actually accused Muddy Waters of "deception".

[montyhedge] 07/8/2019 09:55

No bonds never liked this business model. Looks like 450p in my opinion.

[winsome] 07/8/2019 09:55

Sorry to say guys that despite my confidence in BUR I realise that lies gets half way round the world before the truth even gets its boots on so I locked in my 900% gain before even reading the MW report. Confidence is everything in the markets, never mind the truth.

Could be some merit to MW report but BUR need to address the rumblings by full rebuttal, commitment to new CFO and a secondary listing. I will definitely buy back in when the dust settles. They have a huge potential pay off with Petersen down the line and backing by a SWF. Sorry for those who bought in late and have to stomach a paper loss.

[epo001] 07/8/2019 09:54

Logged in to cancel my 900p limit buy and it had already triggered. At least that bit of my holding is currently (1085) in profit (Edit: hmmm maybe not). This is out of my hands now, will continue to Hold BUR and wait for the dust to settle.

This is classic tabloid stuff. The MW report seems to be innuendo which, of itself, is unlikely to be actionable. If linked to short selling activity then that may be actionable.

BUR have suffered reputational and market damage, the ball is in their court.

FT Alphaville at 11am may have some comments.

[amrishbhim] 07/8/2019 09:54

I don't think it will go that low but £400 seems to be the target that be a loss of 80% of my value

[tom3579] 07/8/2019 09:53

TOM35796 Aug '19 - 18:46 - 7099 of 7312 Edit
0 2 1
750 will be reached tomorrow. You've heard it here first.


Those who heeded my warning owe me a very expensive drink!

[my retirement fund] 07/8/2019 09:53

No wonder Burford have had so many Bond issues Mr Monteyhedge. I hope you were not holding the bonds? Probably worthless!You just gotta love the Woodford connection lol.

[1oughton] 07/8/2019 09:51

back to a quid or two

[mr hangman] 07/8/2019 09:50

�400 per share, you are �392 out on that one, who are these muppets ?

[colnabean] 07/8/2019 09:50

No smoke without fire and Woodford is up to his neck in its implications. Regrettably a share that I thought was a superstock has just crashed and burned.

[sweet karolina2] 07/8/2019 09:50

Having read the full report down loadable from MW website



It is extremely thorough and well researched and referenced.

Unless BUR can counter a large number of specific "facts" then this looks slam dunk for a significant overvaluation based on very rosy accounting interpretations at best an a ZERO as a fraud at worst.

Either way the RNS put out ahead of the report does not cut it and the share price is gonna continue to tank.

Under US speech laws BUR would need to sue MW in US and that really is not easy or quick or cheap.

[amrishbhim] 07/8/2019 09:49

It's a sad event, holding these for the past 9 months and expected some bad news but this is totally brought my value down to 40%. Been advised this will come down under £400 per share

[albert zog] 07/8/2019 09:47

This is unequivocally bad news

[cheek212] 07/8/2019 09:46

Muddy waters Interview with Bloomberg at 3pm re Burford

[bulgarian] 07/8/2019 09:45

"..Tidy2 7 Aug '19 - 08:42 - 7229 of 7300
0 0 0
Steady climb now. Very hard to get stock !.."

That must be the fastest Tidy2 / Degseyed in history.

To join all the others.

[amrishbhim] 07/8/2019 09:45

This is going to go under £400 share price , sad event ,

[jotoha2] 07/8/2019 09:44

Rule 1 , do not mess with the men in black , they have awesome power , classic !

[ltcm1] 07/8/2019 09:43

1. Returns concentrated in just a handful of big cases

2. Booking earnings before outcome of cases

3. Retail bonds and divi means company needs to make 15% return


If all true it is inveitible there will be a big downside shock at some point. You can see what MW are saying.

If they had 100 similar sized cases the accounting treatment would be OK but if the concentration is this high then the risk is clear.

[1oughton] 07/8/2019 09:41

i feel sorry for holders too - but the warning signs have been there for months

[minerve 2] 07/8/2019 09:40

Sorry for decent holders here. It's no fun when you are on the receiving end.