Burford Capital Share Discussion Threads

[riverman77] 09/8/2019 20:18

Yes I'd imagine their plan is too wait for the bounce and then come back with more. But unless they have something really damning, it will be diminishing returns, and eventually people will just ignore them.

[williamcooper104] 09/8/2019 20:18

Mf - there isn't and since their note there's been a really good debate on Burs value I welcome that I find the company's shadow directors arrogant behaviour disgusting Just annoyed that before MV other bears weren't as competent

[williamcooper104] 09/8/2019 20:15

Not really - of course they exited - they knew there would be a bounce - they'll be back

[steeplejack] 09/8/2019 20:11

It's very difficult to prove dealing " irregularities" and make them stick.However,as you rightly point out,unless the FCA,SEC and other regulatory authorities get on top of this sort of shorting activity, the relentless slide in listings will continue.If I was running a business,I wouldn't list it on AIM in a month of Sundays.

[tsmith2] 09/8/2019 20:10

Muddywaters have all but exited - that's telling

[mad foetus] 09/8/2019 20:08

There is nothing wrong with being short. The problem is front running: taking a position and then using your media profile to support it. On the long side, fund managers might be interviewed about their biggest positions and give a paragraph about why they invested in X. They don't issue 20 page dossiers in support of their position. There are strict rules to prevent this happening. If they aren't enforced then we may as well give up on the U.K. markets.

[mad foetus] 09/8/2019 20:02

I think there is evidence that TW knew in advance that MW would attack BUR and reported it using the old "rumours of an accounting scandal" (I'm only a journalist) approach. Given that this has made the front page of the FT and Woodford funds are being looked at by the commons subcommittee at the moment this could get interesting. Ironically, if they disclose anything new it will make things look like a co-ordinated conspiracy. If they don't, it adds nothing. The issue, and why authorities have to act, is because shares tumble in price, not because of facts about a company but because of rumours that x has gone short. X allows those rumours to be published, usually by the same people, then publishes its paper and closes it short before the company can reply. This causes instability in the markets but also stops capitalism functioning properly. The number of listed companies is down about 30% in the last decade. Very few float anymore: they prefer the stability of private equity and venture capital.

[t 34] 09/8/2019 19:54

How it comes that TW knows about outcoming note from Gotham . Are they all in cahoot ??? ( TW , MW and Gotham )

[jakeah1174] 09/8/2019 19:38

Whatever next.. a cyber attack on the BUR AIM listing from Russia? Great job that the BOD this week against this self serving opportunism masquerading as some sort of heroic expose.

[edmondj] 09/8/2019 19:30

So Gotham City Research, despite having no financial position and at risk of being seen as a Johnny Come Lately to a shorting critique hoo-ha, nevertheless senses opportunity in poking a hornets' nest of litigation finance lawyers that's already aroused?

[mbdx7em21] 09/8/2019 19:25

shareprophets/TW - "bring on dossier and a new bear joining ourselves and muddywaters" - slight problem muddywaters are exiting stage. also gotham thought the shares were mispriced some months ago but decided not to short


i think TW is clutching at straws and likely to be very disappointed over the w/e - announce a £50-100mn buy back and shorts are knackered.

MW were intimating it was an Enron, were they not.

smacks of desperation.

[williamcooper104] 09/8/2019 19:20

If you had invested $17m and made a $1bn you wouldn't shut up about it

[henchard] 09/8/2019 19:14

mammyoko

Thanks for taking the trouble to reply - and a very interesting and I think credible explanation for how personality types, career choices etc play out in this arena.

"You ask if I have ever seen a set of fraudulent accounts. I can do better than that. I've almost certainly prepared them. Not going to go into where or whether they were ever identified as such. But, there again, most Group FCs could claim the same."

Obviously you can't elaborate on that, but quite damning.

[thefartingcommie] 09/8/2019 19:14

re..Tom Winnifroth from his flat above a pizza shop ....

[charlesjames1] 09/8/2019 19:09

But apparently they are going again. So they thought they would close out before the weekend. Utter tosh. In my opinion they have realised they have got way out of their depth and this has snowballed out of control.

Meanwhile Tom Winnifroth from his flat above a pizza shop is rehashing the same detail as strangely, unless they are planning to raid BUR HQ this weekend I think they have nothing.

[goodbloke1] 09/8/2019 19:08

Well it's going up further in the US!

[colnabean] 09/8/2019 19:08

Chimers - I read the report and it looks as if Bur used a sub coy as a sink to bury the unpalatable bit of the business. When Woodford fell from grace I couldn't find as to why but on looking at the MW report it became obvious its bcos they are all in this together. Small investors should heed the warning its Caveat Emptor time.

[sum493] 09/8/2019 19:05

I did well to close my positions - too risky to hold over the weekend. Now seems the onslaught will re-start and things might complicate further on Monday. You have to give it to them though - those shorters have balls of steel to litigate with a company which specialises in litigation!

[dm2000] 09/8/2019 18:54

MW rushing to close their short tells me they don't have much confidence in their allegations

[molatovkid] 09/8/2019 18:52

A certain over the top poster is known to have multiple aliases....take it with a pinch of salt

[babbler] 09/8/2019 18:51

suspend pre open.

[babbler] 09/8/2019 18:50

screw the shorters that should read.

[babbler] 09/8/2019 18:50

hopefully they will read it andbdudpend pre open this time... Ffs free the shorters.