Burford Capital Share Discussion Threads

[williamcooper104] 09/8/2019 22:11

Well he isn't - and making money as a perpetual short is rather hard

[trident5] 09/8/2019 22:02

FT just published two article - profiles of Block and Burford. Block isn't easy to scare.

[williamcooper104] 09/8/2019 21:56

Totally agree - I would criticise him for not making the Bur bear case better But couldn't care less where he lives or what he does Will listen to anyone who has skin in the game - long or short The wonder of markets is that often those with the greatest societal position know nothing and those who don't are right Never kick the man - play the ball

[minerve 2] 09/8/2019 21:44

Whatever. Silly children.

[trident5] 09/8/2019 21:43

It's good for you Minerve.

[minerve 2] 09/8/2019 21:38

Anyone get some coin to get rid of that post above about my comment on Woodford 4 years' ago. Completely irrelevant and stupid.

Much appreciated thanks...

[scubadiverr] 09/8/2019 21:29

Who has the doves?

[onjohn] 09/8/2019 21:27

£10 monday

[minerve 2] 09/8/2019 21:21

We are having Big Fun

[riverman77] 09/8/2019 20:35

I susepct unless MW have something big they will stay away as it would damage their reputation (even more) to put out more nonsense. A cleverer way would be to arrange for another outfit to put something out - perhaps trigger another 15% fall - and then finally call it a day.

[williamcooper104] 09/8/2019 20:33

I expect them to come back with 1 company has completely ignored P&L accounting of Fair Value gains - I expect them to set out some simple examples to make this point more clearly than they did in their first note 2 company refuses to state what the returns are ex-Peterson - and really how many times are they going to turn 17m into 1bn and should this not be an exceptional gain 3 the company does not care about corporate governance - the cfo is a puppet -They didn't mention that the shadow directors are not on the board because of"Tax reasons" they could easily get a tax expert to rip that apart 4 how much did the shadow directors invest - how much did they make from share sales 5 we do not know how much the shadow directors are paid - and we do not know how much they get paid from fair value movements - oh look and one is married to the other So sadly there's lots to run at and I'm furious with the arrogant shadow directors for not taking on board governance concerns

[devalpha] 09/8/2019 20:29

You really think that another shorting outfit have anything substantial over and above what Block & Co had? This is getting more ridiculous by the minute. Wake up and smell the roses. Bogart & Molot will calmly bat it away if necessary and long term holders will prosper.

[mad foetus] 09/8/2019 20:26

Agree that the company has brought a lot on itself. It should not be on AIM, Bogart should be on the board and an independent CFO is non-negotiableAnd because it was on AIM and had gone up 2000%, it had a lot of holders in profit and a smaller proportion of institutional holders than you would expect, the 2 main ones also having huge positions and being weakened (fatally in Woodfords case). So it was ripe for attack. None of the above has anything to do with the company's day to day performance. Which is why, last week, I said it should be what the board is focused on. Some said no, they should focus on running the business. No, if you are listed you have to always focus on the share price because it won't always look after itself and this storm has been largely triggered by management hubris

[tsmith2] 09/8/2019 20:25

I don't follow most of that Muddywater intimidated it's an Enron..

[williamcooper104] 09/8/2019 20:24

We shall see - even if you think their research is 100 percent rubbish the fact is that if they issue a 15 page note that looks at a first glance plausible the share price will tank - so cannot see MW missing that opportunity Hence why doubt they will publish over the weekend Next drop will he when markets are open so that they can bag a quick win and ride out profits It's not over yet However - MW have never said that it's a short to zero - and if they thought that they would scream about it So even MW would accept that there's a floor to the share price

[3dwd] 09/8/2019 20:22

In my opinion .. very timely

[riverman77] 09/8/2019 20:22

I think the only fair points in their report were on governance - a company this size shouldn't be on AIM and the directors should be on the board, but ultimately BUR could come out stronger if these issues are addressed.

[tsmith2] 09/8/2019 20:20

I very much doubt they will

[williamcooper104] 09/8/2019 20:20

I am currently long Bur (but tentatively) and I welcome shorts I would have gone bankrupt if I had not read Pershing Squares take down of Ambac in 2006