Burford Capital Share Discussion Threads

[1oughton] 07/8/2019 14:40

hahahahahaha awesome getrichslow

another fine call there minerve..... 'even before family members' - comedy gold

hahahaha keep em coming clown

[galatea99] 07/8/2019 14:40

"Cube Midcap Report (7 Aug 2019) – Burford unravels #BUR"

Analysis here from Graham Neary, who has a good track record.

[gettingrichslow] 07/8/2019 14:38

1oughton, this is the sort of wisdom you’re dealing with here!


"minerve 16 Nov '15 - 22:10 - 465

I have been in this business over 20 years. I can reassure you Woodford is up there with the best there is, no question. Of course, investing is not a game of perfection, it never will be, it is a game of managing risk with a view to long-term growth and not many will do it better than Woodford. I am a great admirer of him as a professional and as an individual. His views and attitudes pretty much mirror mine and his willingness to be open and transparent is second to none.

If I had to hand my money over to someone in trust for the future, he would be the first, even before family members. Woodford is no different now than he was decades ago. Solid 100% professional with untouched integrity."

[adnan17] 07/8/2019 14:36

So according to Muddy Waters on page 6 of their document "The fact that Napo actually lost the trial in 2014 did not sour the company’s view of its investment. ".

However, the link here shows that Napo reached a settlement

hxxps://www.businesswire.com/news/home/20160307006153/en/Napo-Salix-Settle-Litigation

[solarno lopez] 07/8/2019 14:33

Porsche does he is the intelligent one you can tell by his put downs

[nudog69] 07/8/2019 14:32

Shirley does lol 🤣

[wardy333] 07/8/2019 14:29

Seems hard work to get this moving back up.

[johnwig] 07/8/2019 14:27

Personally, I regret to say, I would avoid buying any company which had an ex-Barclays Bank Chairman heading it. AIM has a bad reputation, yes, but the top UK bankers, especially those at Barclays, are the dodgiest operators in the whole financial firmament. Amazingly, although they are often caught with overstuffed pockets and their hand in the till they always avoid condign punishment.

[bobdown2] 07/8/2019 14:26

But not the litigation...

[trident5] 07/8/2019 14:26

Hatfullofsky - maximum profit on a short (if it goes to zero) is 100%, less costs.

[hatfullofsky] 07/8/2019 14:24

It will be. Crazy reaction.MW can easily close there short and walk off with 300% profit, right now!

[fanboy1] 07/8/2019 14:22

This has stung me pretty hard. It was only ever ‘fun money’ but it doesn’t feel very fun to lose it as it turns out! I remain holding until BUR issue their rebuttal. I’m hoping it is convincing enough for a decent bounce to sell on. GLA

[minerve 2] 07/8/2019 14:13

hpcg

You need to think about the capital which follows these reports and the objectives of that capital. I would suspect Canaccord and muddy whatever are miles apart...

[trident5] 07/8/2019 14:13

That CG report had a big red flag: the appointment of the CEO's non-accountant wife as CFO. I sold everything within 24 hours of reading that.

[williamcooper104] 07/8/2019 14:13

CG made a totally stupid point re accounting MW make the very valid point that Fair Value - Carrying Value is how you should account for for unrealised gains whereas Burford account for it as Fair Value less Cash Invested and then adjust balance sheet for difference between Cash Invested and opening Carrying Value That's the most damaging claim they make - the others are smaller but nonetheless erode trust in management

[shirley83] 07/8/2019 14:09

More than likely retrace to 600-700

[minerve 2] 07/8/2019 14:07

Any chance of this dropping through 400 once the US market gets into mid-stride??????

[minerve 2] 07/8/2019 14:06

Minerve was invited to the game
Minerve played the game
Minerve won the game


Save the applause, please.....

[18bells] 07/8/2019 14:05

BUR is a holding within the HL select fund. Found this on HL....DescriptionOffers a no-win, no-fee service for legal claims. Burford will assess the case's merits and offer to finance it if they think it is likely to succeed, in return for a share of the proceeds.Why we hold itAssets come in many shapes and sizes. One of the more unusual varieties are law suits. In commercial law, there is typically a large sum of money at stake, with two or more parties claiming the right to it, for any number of reasons. It might be a patent infringement, a claim for breach of contract, or for damage caused to another party's assets or wellbeing.Companies can pursue these claims, if they see merit in doing so. But legal expenses are just that, expenses that must pass through the profit and loss account. So pursuing a claim for recovering what is due, means lowering profits in the near term. Quoted companies in particular, don't like things that lower profits.So along comes Burford, who essentially offer a no-win, no-fee service. They'll assess the case's merits and offer to finance it if they think it is likely to succeed, in return for a share of the proceeds.Cases can take years and judges are not as predictable as one might wish. So Burford deal in uncertainties, but by having a large portfolio of cases on the go at once, a degree of smoothing is possible.Historically, Burford has achieved great results. The company claim an average achieved return of 28% p.a. from their portfolio. With cash generation from successful investments having been strong, Burford have substantially increased the portfolio of active cases, suggesting future income growth could be very attractive, if they maintain their track record of winning in court, or settling on the steps outside.https://www.hl.co.uk/funds/hl-funds/hl-select/hl-select-uk-shares/portfolio-breakdown