Burford Capital Share Discussion Threads

[ileeman] 07/8/2019 16:35

Looking like a morning gap up.

1300p to 400p and now currently at 600p, should see 800p imo.

[chimers] 07/8/2019 16:34

Block's Muddy Waters research firm published a report accusing Burford of manipulating performance metrics, misleading investors, lacking portfolio strength, being short of cash, and misgoverning its business. It announced it was shorting the company's shares "because it is a poor business masquerading as a great one." It described Burford as a "perfect storm for an accounting fiasco" and said its "governance strictures are laughter inducing."
Block wrote: "It turned Enron-esque mark-to-model accounting into the biggest stock promotion" on the UK's Alternative Investment Market, a small-cap exchange owned by the London Stock Exchange.

[brexitplus] 07/8/2019 16:31

Williamcooper

What makes you believe there may be a liquidity problem?

[this_time_its_different] 07/8/2019 16:30

If Muddy says this is going down, it's going down.

[chimers] 07/8/2019 16:29

Special brew..........

[this_time_its_different] 07/8/2019 16:29

Listen again, Muddy is always right, they are an investment investigative firm that finds fraud and shorts it. Never bet against Muddy, it's not a wise idea.

[kirk 6] 07/8/2019 16:26

Are you all there? Let them get burned you say but keep raising the negative standpoint ? What medication do you take

[williamcooper104] 07/8/2019 16:26

Bur are not insolvent - they may have a liquidity problem but that's not the same as being insolvent MW include paying dividends in operating cashflow - which is wrong

[knowing] 07/8/2019 16:26

Big spike in the morning

[this_time_its_different] 07/8/2019 16:25

Muddy is always right, the skeletons going to come out soon. I would be selling at these prices, you are not getting 800p ever again.

[franki8] 07/8/2019 16:25

well if he is asian then he has my full confidence... lol

[momentum1] 07/8/2019 16:24

Taken another £25k. 800p+ tom

[solarno lopez] 07/8/2019 16:23

From £4 to £6 gives a 50% return or for the simple minded £2 for every share you purchased not a bad return !!

[chimers] 07/8/2019 16:22

No let then get burned.
Muddy has never been wrong.
Muddy allows them to think the worst is over and then..........

Either they are insolvent or they are not.

Muddy says they are.

Carson Block.

Lets see what unfolds I give it 6 weeks.

[kirk 6] 07/8/2019 16:20

I'm out now mate made 12k in an hour very funny your right Cheers

[this_time_its_different] 07/8/2019 16:20

This is going to zero, false accounting here, you are all mugs buying now. If you have bought, get out now. It's going to get ugly once they are re-audited.

[nerdofsteel] 07/8/2019 16:20

"Wouldn't want to be out of this overnight" ;o-)

[brexitplus] 07/8/2019 16:19

Chimers not worth reading and hence filtered.

[kirk 6] 07/8/2019 16:14

We're is chimers?? Post a minute a £1 or so Lower

[timw3] 07/8/2019 16:11

can see this opening at £7 levels tomm and may even hit £8

[dekle] 07/8/2019 16:11

Most of not all businesses record their sales in the financial year they make them even if some of their invoices have not been paid?

[epo001] 07/8/2019 16:11

Between Trump/China and Burford the past few days have been distinctly sub-optimal for my ISA. Ho hum.

[momentum1] 07/8/2019 16:09

Impossible to buy, shorts closing. Back to 800p+tom