Burford Capital Share Discussion Threads

[foolishben] 08/8/2019 14:02

Does anyone know when the conference call details will be released and how?

[chucko1] 08/8/2019 14:01

1oughton, I’ve decided to just be a ballboy. Involved in the match, but expressing no opinion.

I suspect the “right” answer is somewhere between the two positions stated so far. Mark to market of esoteric assets can often be argued about from extreme viewpoints. Same happened to “correlation” assets in 2009 in banks. No one went bust because of it although significant capital was tied up for some time.

[knowing] 08/8/2019 14:01

Please dip so that i can add. Anything around 820 will be welcome

[mammyoko] 08/8/2019 14:00

Suspect that BUR has some lawyers with better legal qualifications than Mr Block (anyone ever heard of Chicago-Kent College of Law?)

I a contest of who can write the best report and based on the evidence I have seen so far, Burford will win hands down.

Words will count for everything here. And Block seems to be rather an amateur wordsmith

[knowing] 08/8/2019 14:00

Well you have the conference call this afternoon and a number of large share purchases to be made by Directors.

[babbler] 08/8/2019 13:59

they made millions doubt they care.

[1oughton] 08/8/2019 13:58

well theyve just run themselves in with that RNS

[tsmith2] 08/8/2019 13:57

wait for it: Bogart and Molot intend to purchase a SIGNIFICANT number of shares in the market

[sogoesit] 08/8/2019 13:57

There is a secondary market for Petersen imv.
Read the recent RNSs.

[timw3] 08/8/2019 13:57

days highs being paid now.. going much higher.. £10 end of day

[tsmith2] 08/8/2019 13:56

Wait til US market opens

[1oughton] 08/8/2019 13:55

ball back in MW court

better than federer nadal in 2009

[tsmith2] 08/8/2019 13:55

would be folly if muddywaters to attempt to riposte there's some very very school boy errors in there thesis they should have talked it through with company if they were honest Took advantage of summer holiday lull, Woodford sentiment, media outreach

[mammyoko] 08/8/2019 13:54

Unless MW has evidence of fraud there really isn't any response to that rebuttal. Amy attempt to argue those points will look desperate. The only weakness for BUR is the valuation of Peterson. MW don't have that information. BUR have no obligation to give it and, in any case, it's subjective. Who knows the value of that case best? Certainly not MW.

Game over for MW unless they have proof of fraud.

[1corrado] 08/8/2019 13:53

is crazy done 12k in less than two hours to risky to come back in as pull may happen will conside below750 but good luck to all still holding.It was to much for me.

[cheshire man] 08/8/2019 13:48

Delighted for holders :-)

[cudmore] 08/8/2019 13:47

Back to £16. You couldn’t make it up!

[sweet karolina2] 08/8/2019 13:47

A pretty good rebuttal for once and good to see they have dropped the legal threats nonsense.

The only key point not addressed is the potential contingent liabilities, which are conveniently glossed over as ongoing case can't discuss.

MW will strike back but will probably wait for directors to buy and that to have its effect, increase short position then Wham. On that basis probably nothing will be heard until next week, but who knows.

Definitely one to watch from the sidelines.

None of the rebuttal changes my view that BUR fundamentally is not worth anything like the £3bn it was and the £1Bn it came down to was probably closer to the mark of what it should be valued at.

I make no predictions on where the share price will actually go.

[riverman77] 08/8/2019 13:46

You'd have to be idiotic to have sold off the back of that report - clearly twisitng the facts for their own agenda. I doubled my holding yesterday and just sold this half now for an instant 35% gain. The core holding I'll hold for the long term and confident it will eventually recover.

[yasharsad] 08/8/2019 13:46

it reminds me of quindell and gotham city report!

[chimers] 08/8/2019 13:46

So the directors are saying they are going to buy big 4 of them and that the company itself is going to buy shares in the market as an investment etc...Aint they leaving it a bit late, at this rate the share price will be above where it all started from so will they still buy then?

[nw99] 08/8/2019 13:45

£10 on this first stop

[theaviator] 08/8/2019 13:43

Quick panda trade. Lovely

[tsmith2] 08/8/2019 13:43

shorters will be getting margin calls..squeeze about to start