Burford Capital Share Discussion Threads

[showme01] 10/8/2019 12:47

Article on shareprophets today
Welcome to the party Daniel Yu and Gotham City, such valuable allies in our takedown of the Quindell (QPP) fraud.
Gotham City Research will be issuing a statement regarding Burford Capital (BUR) over the weekend. Topics covered will include: Burford Capital, litigation finance, short selling, and freedom of speech. The dossier is likely to go live on Sunday
Gotham says that it reserached Burford "very carefully" last year over several months. It says that it concluded that Burford shares were wildly mispriced, and seriously considered publicly sharing its opinions about Burford, in the form of a Gotham City Research report. For a variety of reasons, it did not.
Daniel Yu, has experience with litigation finance; one of his first ever short sale research notes was about another litigation finance company, called Acacia Research, listed in the USA under ACTG. Like BUR, ACTG shares at its peak, traded as a multi billion dollar value company... shares are down over 90% from those levels.

Gotham says that it currently holds no financial position in any Burford Capital securities and that it has not discussed Burford with any of the recent batch of Burford short sellers. that will not stop the company and its poodles in the deadwood press at the FT, The Times and elsewhere from whittering on about the global shorting conspiracy.

Bring on the dossier and a new bear joining ourselves and Muddy Waters. Game On!

[williamcooper104] 10/8/2019 12:44

Valuation is an art as they say However the Peterson sales are fact and do give credibility to the fair values Most of the Fair Value relates to Peterson But ironically while that gives comfort that the accounts are fair (balance sheet not necessarily the P&L representation) it does highlight the fundamental problem of the outsized returns being on a few cases and how you apply a multiple on what might be largely exceptional income

[williamcooper104] 10/8/2019 12:41

Hope you post again Just ignore the barbs Emotions are high and too many with no argument deflect by getting personal

[5chipper] 10/8/2019 12:38

Focus Media

In November 2011, Muddy Waters Research reported massive fraud at the company. It alleged that the company has been fraudulently overstating the number of screens in its LCD network by approximately 50%,
has claimed to acquire, write down, and dispose of companies that it never actually purchased,
has written at least 21 acquisitions down to zero and then given them away for no consideration,
has been used by insiders as their counterparty in trading in and out of subsidiary Allyes, with several individuals earning a total of at least $70.1 million, while shareholders lost $159.6 million.[1]
Focus denied the allegations.

In May 2013, Focus Media was taken private in a $3.7 billion transaction by a consortium consisting of The Carlyle Group, FountainVest Partners, CITIC Capital, China Everbright as well as existing shareholders Jason Jiang (founder and Chairman) and Fosun International

[trident5] 10/8/2019 12:36

I don't like that CV one bit. Mostly academia and politics.

LTCM were long academics.

[5chipper] 10/8/2019 12:33

"In April 2016 Muddy Waters turned against German MDAX listed company Ströer SE & Co. KGaA. Among other things Muddy Waters accused Germany's biggest advertising company of violation of IFRS-accounting directives and claiming that digital organic growth rates presented by the company were faulty, [12] resulting in a loss of its stocks by 25%, with prices falling from €52 to just under €35 within 45 minutes of a TV presentation by Muddy Waters on the company"

Sp today = €70.

40% above previous high

[minerve 2] 10/8/2019 12:26

goodbloke1

You didn't answer my questions.

Another straw man response from a Brexiter who cannot answer specific issues.

By-the-way, this threatening to Leave is a negotiation tactic used by morons. When the counter party know you are just as keen to get a deal as they are - because it is damaging to you as it is to them - your threats are seen as insincere, lack integrity, or you are seen as a fool. Both are not good at these levels of negotiations.

The only negotiations Brexiters have ever had is negotiating buying a white van from the second-hand car dealership and yet they think they know how to handle these things.

[nigelpm] 10/8/2019 12:25

On the contrary in my opinion they made some bad calls !

Any examples or is this just a random comment with no backing?

[galatea99] 10/8/2019 12:24

trident5,

Whatever you like.
Check my posts over the last few days.
Anyway, I have better things to do with my life than trade barbs with you or anyone else on here.
Have a good day!

[epo001] 10/8/2019 12:23

For now this is fundamentally a gamble. No one here understands the litigation finance business, nor how to value it, nor how prudent/accurate/whatever BURs figures are. Nor indeed what BURs actual prospects are. Nor what the risk level is.

MW/shareprophets/et al are vermin but they can clearly cause damage, in part because BUR is AIM listed and therefore not held by most institutions. For BUR raising further finance, necessary for growth, will be more difficult and they must make changes.

In comes down to this, do you trust BURs management or not? And why do you have that view? If you do trust them then be resigned to a long slow recovery. If you don't then be resigned to a long slow decline. This will not IMHO be back at £14 any time soon and will probably (Woodford) go lower in the short term. It may be possible that BUR has peaked.

[trident5] 10/8/2019 12:20

Galatea - I don't think you of all people s/be castigating people on here for groupthink.

[trident5] 10/8/2019 12:19

Have you heard back from Burford TDI?

They must be jumping and down on top of desks with sheer delight at your solution.

[thedisciplinedinvestor] 10/8/2019 12:15

I know. But if you doubt the accounts then you are doubting of E&Y. So why not settle this for once and for all making an statement. E&Y should have no problem doing it. At the end of the day MW is saing that either E&Y auditors are low profile or they have been cheated.

[metis20] 10/8/2019 12:15

NChanning #9122

MW went to 0.12% on Wednesday - the day of the large share price drop -



Info on whether MW are now completely out is not available on the free to view 'percentage short' sites, as these only show info on movements above 0.5%.

[goodbloke1] 10/8/2019 12:13

On the contrary in my opinion they made some bad calls !

[lefrene] 10/8/2019 12:10

It seems to me that Burford did/does pretty much the same as the Banks. They make a loan, (which I would view as a liability until it was repaid) and then immediately classify it as an asset to bolster their bottom line. If Burford are wrong, presumably the Banks are wrong too? (Yes I know that's a big topic) I trust the IMF Bentham way of accounting, I see it as real world, whereas Banks and Burford inhabit clever accountants worlds.

[nigelpm] 10/8/2019 12:08

Their record is pretty good tsmith.

They don't pick on many stocks but when they do they tend to be right.

[nigelpm] 10/8/2019 12:07

It depends what is in the report.

[goodbloke1] 10/8/2019 12:03

Well said Tsmith

[tsmith2] 10/8/2019 12:02

All the broker notes post the conference call where Q&As went on for over 2hrs add cred to bull case?Besides Gotham decided NOT to short the stock when it was at a much much higher price.And Gotham aren't exactly the A team are they..another big up day on Monday

[goodbloke1] 10/8/2019 12:02

Could be a small blip but then a strong recovery in my view.It did not seem to affect the share in US trading which closed roughly where we are now and I am sure they would have been aware on Twitter of an impending report.

[tsmith2] 10/8/2019 12:00

they already have, it's called the audit opinion!