Burford Capital Share Discussion Threads

[minerve 2] 07/8/2019 10:27

mr hangman

I'm not the loser here old boy. You are! ROFLMAO!

[roddyb] 07/8/2019 10:27

Rightly or wrongly, I have bought the Burford 6.125% bond 2024. Today the price has fallen to £66.50 for £100 worth of debt, yielding 9.21%

Muddy Waters was right on Quindell but it seems a bit far fetched for them to only to cling on to accounting methods? I am assuming Burford's normal comfort of being able to get some bonds away for 5% has now been stripped from them for the foreseeable future thanks to this report?

[daffyjones] 07/8/2019 10:27

Already down 50% since Monday. Likely to drop further.
MW knows their stuff. That's why the market takes them so seriously. No sense in shooting the messenger. If the company is rotten to the core it is better for everyone if that information is out in the open.

Yet another reminder that you should never dabble in the AIM casino. It's the wild west of investment markets, full of spivs and fraudsters. Ridiculous the the regulators don't clamp down on it when it is scandal after scandal

[topvest] 07/8/2019 10:25

For what it’s worth I don’t like short sellers, but it does serve a useful purpose in the market. Maybe they should disclose their paper on a more timely basis though if they are taking a disclosable short position ahead of publishing their paper?

[mr hangman] 07/8/2019 10:25

Minerve you sound like the scruffy loser, we all tried to avoid at the Student Union bar

[edmondj] 07/8/2019 10:24

Why should a suspension be in shareholders' interests, if they want to consider a short-critique and act on it? If there is intrinsic value the market will in due course recognise that.

[montyhedge] 07/8/2019 10:23

No bounce I see straight through 550p tomorrow.

[steeplejack] 07/8/2019 10:23

Mind you,"it's live by the sword die by the sword" as far as Burford are concerned.They are players in the murky greedy world of excessive litigation.You're right,capitalism has developed into a fully fledged pantomime.The problem is that we're running out of suckers in far flung parts of the world to dupe,the internet has made the world populace increasingly aware of their exploitation.To make a buck,we're increasingly turning on each other.

[kemche] 07/8/2019 10:21

smithy, averaging down?

[alphabeta4] 07/8/2019 10:21

Small long punt - current share price around net asset value. Should be a good risk reward from there IMO even if it proves just a technical bounce.

[minerve 2] 07/8/2019 10:20

monty

The questions should be asked by auditors, non-executive directors, the chairman, FCA, prominent large shareholders and regulation. It should not be left to a group of charlatans.


I say shoot the faux messenger and make the real messenger deliver the proper message!

[mad foetus] 07/8/2019 10:19

The issue is that it would be illegal for a U.K. broker or bank to take a position in a stock and then publish a paper on it.

[epo001] 07/8/2019 10:19

You can't rebut innuendo. The MW report is carefully crafted to avoid saying anything litigous (that may have been the cause of the delay this morning).

[mr hangman] 07/8/2019 10:17

Jeremy (Minerva) Corbin

[montyhedge] 07/8/2019 10:17

Surely it's good, someone does looks into a company and find out what they are up to. Don't shoot the messenger.

[montyhedge] 07/8/2019 10:14

Muddy on Bloomberg, 3pm just after US opens, see what the yanks make of it.

[hawkind] 07/8/2019 10:13

Anyone note MW are dragging things from 2013 where the detail cannot be thoroughly examined as well. Says it all really, why not use more recent examples

[topvest] 07/8/2019 10:11

Blimey, what a drop. What’s the net asset value?