Burford Capital Share Discussion Threads

[sweet karolina2] 10/8/2019 17:05

All BUR believers put this on full volume and continuous repeat:



And you won't notice what is going to happen next week

[mad foetus] 10/8/2019 17:04

Whatever Gotham say can only strengthen BURs case. That they refer to shorters as a pack trying to take companies down is a problem in itself. If there is any suggestion that people are acting in concert that is market manipulation and a criminal offence. It doesn't need parties to discuss things together: a pattern of behaviour that shows when one goes short the others weigh in would suggest an alignment of interests that constitute collusion. You don't see anything like this on the long side and that tells it's own story.

[brexitplus] 10/8/2019 17:00

Epstein - what a shame.

[brexitplus] 10/8/2019 17:00

Dekle, do your own research.

[pecuniarum copia] 10/8/2019 17:00

Some other news...

Jeffrey Epstein: Financier found dead in New York prison cell

[showme01] 10/8/2019 16:58

Dekle, I don't think the stock market is for you. You pay your money and take your chance as these boards are full of agendas.

[brexitplus] 10/8/2019 16:57

Thank you. All rats together.

I don’t think, if it is true, that they will get any further than MW.

[dekle] 10/8/2019 16:55

Anyone that perpetuated the rumour is responsible in my opinion

[showme01] 10/8/2019 16:55

Ive posted the full article above

[sweet karolina2] 10/8/2019 16:54

Brexit,

Not that you deserve an answer:



You need to be a subscriber to read the full article

[showme01] 10/8/2019 16:52

Article by shareprophets earlier
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!

[brexitplus] 10/8/2019 16:52

SK2, what pills are you on?

Gotham involvement please?

[dekle] 10/8/2019 16:49

Hopefully for your sake you are not one of those responsible for spreading any false rumours

[brexitplus] 10/8/2019 16:47

Gotham involvement please? No-one seems able to answer my question.

Could MW be Goebbels-esque!!!

[williamcooper104] 10/8/2019 16:42

Honestly - you are responsible for your losses

[sweet karolina2] 10/8/2019 16:40

"MW knew that that’s the impression they would create by using the Enron analogy on accounting,"

Of course they did and they did it in a way that avoided the direct accusation that BUR were another Enron, they pulled Woodford in too and "arguably insolvent" as the icing on the cake to make sure the report got maximum attention in the media and had maximum impact. A decent PR company looking to promote a company would do exactly the same sort of thing in reverse.

[dekle] 10/8/2019 16:37

I have to say reading this board and acting on the concerns generated has cost me dearly. I held the faith but capitulated when the price fell below £11. Following Burford initial release prior to the MW publication I bought back in. Sadly the price reversed again and still hasn’t returned to the pre MW release post Burford initial response. Therefore I blame MW and some posters on this board for my losses and hope those responsible suffer the consequences.

[dm2000] 10/8/2019 16:36

Guess we will see tomorrow and if nothing what then?

[edmondj] 10/8/2019 16:36

esque
suffix UK ​ / -esk/ US ​ / -esk/
​
like or in the style of someone or their work:
Dalí-esque
Leonardo-esque
Working there was like being trapped in a Kafkaesque nightmare.

[sweet karolina2] 10/8/2019 16:36

Psycho,

I distrust MTM and Accruals in this business. IMF account on actuals. Actual cash spent is capitalised as an intangible asset which can be written down or off completely if things are going wrong, then revenue is actual cash received from the conclusion of the case (normally OOCS). Each concluded case is listed by name with exactly how much was spent and how much received back - warts and all.

MW showed a number of cases had been accounted for in dubious manner regarding timing of booking revenue or not booking the loss and revenue being booked on things that were not cash and ultimately could not be turned into cash. The rebuttal put a different spin on a number of those cases but effectively either admitted it or dodged the question.

I expect MW will dig into some of those a bit further but I expect the main thrust will come from a different direction next time. Gotham may well come from a completely different perspective again that's what makes it fun to watch. However all of this really stems from the really weak corporate governance aspects which leave BUR wide open for this sort of attack.

[brexitplus] 10/8/2019 16:34

Again, how do we know Gotham is involved. This appears just a rumour.

[williamcooper104] 10/8/2019 16:32

Sk - legalistically they may not have said that it's Enron But MW knew that that's the impression they would create by using the Enron analogy on accounting, then talking about off-balance sheet liabilities and then saying the company was insolvent in a weird calculation that treated future investments as a liability (in no way is Burford insolvent under the IA cashflow or balance sheet tests - having more investment opportunities than cash to spend is not insolvent) MWs note had some good points and quite a few sensationalist/exaggerated pointsMW need to either go short again or say that Bur is now trading at around reasonable value

[time_traveller] 10/8/2019 16:28

And also the folly!...