Burford Capital Share Discussion Threads

[goodbloke1] 10/8/2019 08:22

I reckon there will be a scramble to buy Monday now.Block seems to be shocked by the reaction and together with Burford buyback hints will inject confidence that the recovery will gather pace

[babbler] 10/8/2019 08:18

like I said last week.... the drop was a lot lot worse than he expected and he didn't realise the damage his attack would do. IMO. Probably wanted to make 20 percent max...

[mad foetus] 10/8/2019 08:18

I don't think it will be an easy case and I'm not sure about how those who sold shares would be compensated, but any claim by BUR will be in tort, and damages therefore calculated on the basis of putting the wronged party in the place it would have been had the tort not happened. In other words MW are potentially liable - and as said, it won't be easy at all - for the entirety of the share price fall. But if we put the market manipulation claim aside - and what happened on Tuesday looks like clear manipulation, there is another lineBUR could sue for some form of negligence. The basic claim would be that anybody making public statements about a company with the expectation that others will rely on them has a duty to ensure those comments are made fairly and honestly. The duty would obviously be higher for financial services businesses, and the more detailed and specific the statement, the greater the duty to get it right. It is interesting that Paul Scott's response was to suggest that before any bear raid occurs the company should have a right to see and answer the accusations. But there certainly seems to be an arguable case in negligent misstatement and the freedom of speech defence will raise complex conflicts of law issues. Must emphasise this is not about shorting, but whether researchers have a duty of care to get things accurate and impartial. The difficulty of doing so is precisely why research providers are not allowed to take positions in stocks they cover

[goodbloke1] 10/8/2019 08:17

Totally agree mate.All the money in the world means nothing if you got to keep looking over your shoulder in fear of retribution!

[jakeah1174] 10/8/2019 08:16

It’s time market manipulators of this sort went to jail, not just sued. This isn’t about Block’s daddy getting hoodwinked by a couple of obviously fake Chinese firms anymore, this is ruining the market for all legitimate innocent PIs, for nothing but obscene personal gain... and hitting out at Woodford isn’t hurting Woodford anywhere near as much as the people who trusted him with their money.

[lomax99] 10/8/2019 08:16

Easy enough to find, perhaps he will refund amounts looted....https://www.bloomberg.com/profile/company/1374704D:USMuddy Waters Capital LLCMuddy Waters Capital LLC operates as an investment research firm. The Firm provides research services in area of business fraud, accounting fraud, and fundamental problems. Muddy Waters Capital serves customers in the United States.SECTORConsumer DiscretionaryINDUSTRYCommercial ServicesSUB-INDUSTRYProfessional ServicesFOUNDED08/23/2014ADDRESS575 Market Street Suite 2028 San Francisco, CA 94105 United StatesPHONE1-212-704-7385WEBSITEwww.muddywatersresearch.comNO. OF EMPLOYEES--

[wardy333] 10/8/2019 08:00

Block been doing this for nine Years, must be looking over his shoulder wherever he goes,must have a lot of enemies, like I said the other day some people don't like losing large sums and retribution could be sought.

[jakeah1174] 10/8/2019 07:46

I honestly don’t know how smash n grabber Block can live with himself. Even Al Capone thought he was a good guy cause he sometimes helped old ladies across the street.

[lomax99] 10/8/2019 07:44

The crook allegedly made £15m for his efforts, whilst many pi's here got shafted. I do not wish him well.

[wardy333] 10/8/2019 07:41

Best trading Week in a long time, should be more of the same next Week, won't be a 5 minute recovery here now, but should slowly regain ground.

[jobber1] 10/8/2019 00:15

And so history repeats itself yet again. Same ole trolls and sheriffs.

[gettingrichslow] 09/8/2019 23:12

SweetK, have you worked out who has been selling mobiles longer yet, Nokia or Apple?

[gettingrichslow] 09/8/2019 23:11

Yes, I can have that silly post taken down Minerva. Would you like me to?

[sweet karolina2] 09/8/2019 23:09

ROFL @ 9039

[bbmsionlypostafter] 09/8/2019 23:06

LOL @ 9039.

[steeplejack] 09/8/2019 23:01

I thought the advice was “always kick a man when he’s down,if he’s standing up he might kick you back”.

The question is whether you think Burford is still standing?

Burford is and will continue to expand the debate about muddywaters and their ilk into a more general discussion about ethics.That Muddywaters benefits from its short positions is not reprehensible in itself(as MW explains)we’re all in pursuit of the mighty dollar. However,the bravado that surrounds the exercise,the trumpeting to create disquiet and maximise the potential monetary gain in a disorderly market is both theatrical and repugnant.A basic set of game rules needs to be established otherwise no ones going to want to list.At the very least,a company should be allowed some sort of right of reply BEFORE a critique is salaciously leaked.These shorters exploit a simple truth.....”consider yourself guilty until you can prove yourself innocent”....and as the accused scramble to mount a defence,the shorters line their pockets.

[alter ego] 09/8/2019 22:50

Williamcooper104, you have far too much time on your hands and nothing much worthwhile to do with it. Filtered for cluttering up this B B with drivel.

[minerve 2] 09/8/2019 22:29

Anyway, off to do some reading in the old armchair.

Have a good weekend all.

[williamcooper104] 09/8/2019 22:16

And anyone who hasn't been wrong hasn't got out of bed

[williamcooper104] 09/8/2019 22:15

The FT loves to get trendy short on companies

[williamcooper104] 09/8/2019 22:15

Well done - we are all lucky to have these opportunities looking forward to drinking special brew (last time i was 12)

[williamcooper104] 09/8/2019 22:12

Of course they are - it's August and aLong v short is a great story Mind you we could all be wrong on Burford and still make money after 31 October