Burford Capital Share Discussion Threads

[haroldthegreat] 07/8/2019 15:05

Is the interview on Bloomberg ?

[1oughton] 07/8/2019 15:05

im happy to

but talk of brexit etc and insisting you are the cleverest person on these boards wont endear you too much

stick to BUR and we will all be fine.

truce

[minerve 2] 07/8/2019 15:04

1oughton

I unfiltered you. Come on behave. Let's try and be civil, eh?

[minerve 2] 07/8/2019 15:02

Getting has "muddy" underwear, I am sure. LOL

[minerve 2] 07/8/2019 15:02

400 is going to snap, no?

[chimers] 07/8/2019 15:02

Muddy Waters has never been wrong.............Ohhhh yeahhhh

[datait2019] 07/8/2019 14:59

Looks like a break down to 300s by end of the week could be worse

[1oughton] 07/8/2019 14:59

wrong again - you're not very good at this game are you? I lobbed all mine out in 2016 when it was obvious he was going nowhere while the market was going up.

Whats the market that you will get one right soon lol

hey how much does NW owe you ? should have given it to your family - or have they disowned you in disgrace too ?



'Perhaps if you had actually listened to my updated views on Woodford over the last 18 months you might have saved yourself thousands of pounds?'

[smokybenchod] 07/8/2019 14:59

from the sounds of djderrys post 160k is chicken feed to him!

[chimers] 07/8/2019 14:58

But Simple Simon always points out that he has done EXHAUSTIVE research.

Punters will wish he didn't tire himself out so often!!

[bulltradept] 07/8/2019 14:56

"It hasn't been the best of days. I'm down circa £160,000 on paper but I won't be selling"

I hate to break it to you but you are down, not on paper but actually down.

[traderglt] 07/8/2019 14:55

Integrity untouched ? Not allowing investors to access their money in his fund lol

[minerve 2] 07/8/2019 14:54

The problem with IC and others similar is their ability to really focus on the companies. Their time is so much multi-tasked.

[chimers] 07/8/2019 14:52

Muddy Waters disputes all of these claims. In its report, the research outfit claims that Burford is “a poor business masquerading as a great one,” and the firm “woos” investors with “non-IFRS metrics,” which are “meaningless.” The report goes on to state:

“We have identified seven techniques through which Burford manipulates its metrics to create what we believe is an egregiously misleading picture of its investment returns. These manipulations usually involve Burford either giving itself credit for a recovery when one is uncertain (or even highly unlikely) or ignoring cases that are likely to be failures.”

Furthermore, Muddy Waters has reviewed Burford’s published financial metrics and believes it is “financially fragile.” The company’s “operating expenses, financing costs, debt, and funding commitments,” put the business at “a high risk of a liquidity crunch,” it states. The report goes on to speculate it is possible the enterprise is already insolvent.

[chimers] 07/8/2019 14:51

Didn't Simon 'lucky' Thompson promote this company?

Yet another of his ever growing list of abject disasters!!

[chimers] 07/8/2019 14:50

Shares in litigation finance provider Burford Capital (LSE: BUR) are plunging today after US research firm Muddy Waters published a damning report on the business.

The report accuses Burford’s management of manipulating the figures, misleading investors and colluding with Neil Woodford’s protégé; Mark Barnett to juice the returns on its litigation investments. Muddy Waters concludes that, based on its research, the firm is facing liquidity problems and could be insolvent.

[minerve 2] 07/8/2019 14:49

1oughton

That was four years' ago! LOL And I was actually correct when I said it.

I can give you plenty of instances where I started to see the change in Woodford over the years. Perhaps if you had actually listened to my updated views on Woodford over the last 18 months you might have saved yourself thousands of pounds?

Reproducing a four year old post smacks of desperation and is scant reward for loosing £10Ks of net-worth which getting has lost over the last 24 hours.

As well as here, I also warned on Purp, Stob, Saga, WPCT and many other stocks in the Woodford portfolio. I also gave the rationale which generally turns-out to be true. It comes from an obsession of reading investment books and accounts.

Keep on pretending you know what you are doing. Your net-worth will run out well before your ignorance. ;)

[williamcooper104] 07/8/2019 14:47

Burford, IMO, should 1 sack CFO and potentially bring in a new executive chairman and obviously a high calibre new CFO 2 appoint an independent firm of accountants to review their historical accounts and advise on best way of disclosing performance going forward 3 launch the rights issue - far better to get ahead of liquidity crunch even if it does crush current stock price

[rexrandi] 07/8/2019 14:45

jonwig mi master has jus bin sic over his shoos!


rex the dogg

Woof Woof

i still luv him

(can I hav a hump tonite????)

[datait2019] 07/8/2019 14:44

Crazy to have invested thAt much money into this

[williamcooper104] 07/8/2019 14:44

That's a good analysis of MW - it's the Fair Value accounting that's the real killer MW do overstate the case by saying that Bur are insolvent But equally they cannot now access credit markets so only a rescue rights issue will be able to fund litigation commitments - which will tank the share price

[djderry] 07/8/2019 14:43

It hasn't been the best of days. I'm down circa £160,000 on paper but I won't be selling.I think,when the dust settles,that investors have thrown out the baby with the bathwater.With exposure to 1100 litigation claims,is it not inconceivable that they have another Petersen or Teinver?The cash reconciliations prove the company's methodology.It doesn't Burford should address the handful of cases raised only if pending litigation does not allow.