Burford Capital Share Discussion Threads

[haveapunt1] 10/8/2019 09:32

What will a buy back achieve? At this moment in time a SBB won’t actually achieve anything imo

[goodbloke1] 10/8/2019 09:31

Thanks for that but they still benefited hugely I believe

[brexitplus] 10/8/2019 09:29

Good bloke

It appears they closed part of their short on Tuesday after “suggesting221; it was Burford.

Block for the block, I hope.

[goodbloke1] 10/8/2019 09:28

They will be following the share price and in my opinion they will not allow these manipulative opportunists to benefit again a big buyback shortly will begin in my view

[bbmsionlypostafter] 10/8/2019 09:26

You guys are clueless. Just read goodblokes 9067 post to see the extend of your child like naivety.

[tsmith2] 10/8/2019 09:24

I think they should announce nasdaq listing and a $50-100mn buy back on Monday.

[tsmith2] 10/8/2019 09:23

https://www.thisismoney.co.uk/money/markets/article-7342661/amp/We-coming-Boss-Burford-Capitals-furious-threat-hedge-fund.html

[brexitplus] 10/8/2019 09:15

Accusing a company of fraud -“Enronesque” - is a pretty stupid thing to do, particularly when they are top lawyers whose clients are top lawyers.

[gettingrichslow] 10/8/2019 09:12

Timetraveller, spot on, MW have got carried away and miscalculated this one, and they will now get completely taken out by Burford. And rightly so. This explains why Carson Block looks so uneasy in the Bloomberg video - it’s dawning on him as he is speaking to the interviewers!!!!

[goodbloke1] 10/8/2019 09:11

Seems to me that MW isn't the only one sweating with their stupid bearish posts.

[gettingrichslow] 10/8/2019 09:05

bbms, is that as specific as you can get?? “something is wrong with Burford’s books”

It’s pretty obvious that you wouldn’t get the same situation with say, Shell. Burford has high retail investors ratio, Woodford holding etc as stated by Block himself, so yes, Burford is more vulnerable, but that doesn’t mean there is something wrong with their books!
You haven’t really thought this through have you??

[time_traveller] 10/8/2019 09:01

A bear has come for you, and you've managed to knock it back with a shot and it's wounded. You don't stow your gun, and hope it skulks back into the bushes - you finish it off. That's what Burford has to do, even though I doubt the case would be sufficiently meritorious for Burford to normally take up if it weren't personal.

[lomax99] 10/8/2019 08:59

Right so it would have just crashed if it's own accord...Wise up.

[haveapunt1] 10/8/2019 08:58

Just listened back to the investor call. Now even more confident. Even MW have openly said they didn’t expect this reaction. Can’t see anything else coming from them, they seem out of their depth

[goodbloke1] 10/8/2019 08:54

You need to wise up.If MW were that sure of their research they wouldn't have scrambled to almost close their sweaty short and let it run! Blatant market manipulating in my opinion.The more ethical thing would have been to put out the report first and then short giving everyone a level playing field including themselves! They made sure they shorted big first then put out the report, I believe.

[charlesjames1] 10/8/2019 08:53

Bbmsion. Is there something wrong with the books of BUR. I haven’t seen any evidence at all. All I see now is a few thoughts and rumours from MW who are now quite clearly running scared.

[gettingrichslow] 10/8/2019 08:47

Agree, he is toast. Isn’t this the same situation (but on the short rather than on the long side) as those Daily Mirror reporters who got jailed?

[bbmsionlypostafter] 10/8/2019 08:46

The share price dropped JUST ON THE RUMOUR that MW's target was BUR because something is wrong with the books at BUR.

Do you honestly think MW have power to cause any company's shares to fall like that JUST ON THE FEAR that they are in a write up if there is nothing amiss, especially in a co. where they allegedly held only 1% short?

If it was that easy MW would make a list of the top 20 companies in the world & do one a month until they had enough money to buy a country.

Wise up.

[goodbloke1] 10/8/2019 08:41

The guy is toast in my opinion and if he loses in the courts the money he made will be nothing compared to the damages he might face!

[jakeah1174] 10/8/2019 08:35

In the Times article caption below Block’s picture it mentions he still plans to submit a follow up report. Maybe he is just following through to save face for his business, even though he is clearly shocked.

[goodbloke1] 10/8/2019 08:35

If you refer to my shocked comment , it's in the times article

[brexitplus] 10/8/2019 08:31

DT article today says nothing new. Block thinks Burford should be “contrite.R21;

[goodbloke1] 10/8/2019 08:26

Don't understand your question

[mad foetus] 10/8/2019 08:26

Look at this the other way. Imagine an institution buys lots of shares in a mining company, then issues a long paper with geological reports and financial projections, suggesting that the miner has "potentially" got the find of the century on its hands and that there are "rumours" that it is in takeover talks and some say a bid at many times current value is expected imminently. All without consulting the company. And they sell as soon as the report is published but before the company can deny it.Fraudulent, criminal or fair comment?

[tsmith2] 10/8/2019 08:23

Where does he do so