Burford Capital Share Discussion Threads

[goodbloke1] 11/8/2019 08:36

The damage to the stare price has already been done so I fail to see what additional damage can be done by probably what will be a rehash of what is already written.I suspect the further negativity by the media (Gotham etc) this weekend is already in the price (from £14 before the onslaught) despite the 8.50 close Friday.

[onjohn] 11/8/2019 08:27

Muddy puddle closed their short because they know that their thesis is wrong

[onjohn] 11/8/2019 08:21

Could get private equity bid at these levels

[ayl30] 11/8/2019 08:21

AlsoBurford Capital in the dock over how it judges profits https://www.thetimes.co.uk/article/burford-capital-in-the-dock-over-how-it-judges-profits-k68cmd037?shareToken=bc5a2358c649bc14c6405d1f9b157239

[brexitplus] 11/8/2019 08:07

Well whoopee!!!

[ayl30] 11/8/2019 08:03

Says Gotham will release their report today

[jockthescot] 11/8/2019 07:36

hxxps://www.thetimes.co.uk/article/new-predator-gotham-city-research-circles-lawsuit-funder-burford-capital-0kqzrx5mh

Haven’t read as I don’t subscribe, but I assume nothing more than is already known.

[nerdofsteel] 11/8/2019 07:04

the desperation of mw as they start clutching at straws

[charlesjames1] 11/8/2019 06:39

Off abroad. My prediction today. William Cooper and Sweet whatever will both do another 12 hour posting marathon. Their views will Have zero impact on the share price and when I get back the share price will have either fallen, stayed the same or risen.

On another note. Whilst sat waiting for my flight I have re-read in entirety the response to short attack RNS. If you haven’t read it I would suggest a read. I particularly like the end statement.

Short attacks such as this are a fundamental menace to an orderly market and to the value inherent in long-term investing in companies such as Burford that are revolutionising industries. Burford is well equipped to investigate and pursue market manipulators, and as stewards of investor capital, we are exploring doing so here, cognisant of the substantial losses our investors have suffered. Our early investigation already shows the hallmarks of market manipulation.

Enjoy your week all.

[vijay108] 11/8/2019 02:34

From their H1 accounts q & a

Should I be concerned about the presence of unrealised gains in Burford’s financial reporting?

It is sometimes suggested that by including unrealised gains in income, there is a risk that Burford is recognising income associated with ongoing investments that may one day become losses. However, the reality is that both IFRS and US GAAP require a wide swathe of businesses to fair value Level 3 assets and flow unrealised gains through their income statements, including not just Burford but firms like Blackstone and KKR.

The fact that Burford holds a significant number of Level 3 assets is not unique to us and does not excuse us from following IFRS’s rules, which apply across the entire financial industry. Nor should it cast doubt on Burford’s rigorous compliance with those standards following a decade of clean audit opinions and a strong history of unrealised gains turning into realised gains.

Moreover, it is notable that during the first half of 2019, only 49% of our income was from unrealised gains, a somewhat lower number than the fairly consistent level in the last three fiscal years (2018: 55%; 2017: 53%; and 2016: 54%).*

It is also important to bear in mind that the complexity and illiquidity of legal finance assets is precisely what gives Burford its edge and its historic ability to generate desirable returns. If litigation assets were easy to value, the economics of our business would be very different.

* While much smaller than Burford, the other listed firm operating in the legal finance space and reporting under IFRS, Manolete, similarly has significant amounts of unrealised gain in its income. Indeed, about half of Manolete’s income was from unrealised gains in the fiscal year ended 31 March 2019. When Vannin was proposing to go public, it was notable that nearly all of its IFRS Income was from unrealised gains

[williamcooper104] 11/8/2019 00:19

Always preferred Catwomen

[stentorian] 11/8/2019 00:17

I don't know about Batman...Robin perhaps

[williamcooper104] 11/8/2019 00:17

Overall Sunday Times tone pretty bearish Good to be long Bur volatility next week

[williamcooper104] 11/8/2019 00:10

Sunday Times running on Batman having a go at Burford - they won't have published without being sure that Gotham will publish something

[sibeks] 11/8/2019 00:00

THIS IS MONEY report at 22:55 August 10th

SHORT-SELLING firm Muddy Waters shocked the City last week with a ‘bear raid’ on Burford Capital as it accused the litigation financing firm of misleading investors through murky accounting – causing the shares to plummet.

Burford hit back at what it called ‘false’ claims by Muddy Waters, which is run by American Carson Block.

But Block isn’t the first short-seller to have raised questions about the AIM-listed firm. Another such outfit raised red flags two years before Muddy Waters.

Viceroy Research, run by former social worker Fraser Perring, compiled a critical report on Burford in July 2017.

Right to reply: Burford hit back at what it called ‘false’ claims by Muddy Waters, which is run by American Carson Block

Viceroy was instructed to investigate Burford by a private equity firm which was weighing up a possible takeover bid.

In its report, which I have seen, Viceroy questioned how Burford had ‘spectacularly’ outperformed rival litigation funders such as Australian firm IMF Bentham and the AIM-listed Juridica Investments, which later went into voluntary liquidation.

Needless to say, the private equity firm in question decided against making an offer.

The Burford-Muddy Waters ding-dong is sure to rumble on over the next few weeks, but it raises the question about which other companies are in the sights of short-sellers.

[chucko1] 10/8/2019 23:50

Maybe explains the ever-increasing divorce rate. Or the low marriage-rate?

It’s as big an issue as whether accrual or MTM accounting is preferable. Almost.

[1oughton] 10/8/2019 23:21

Tracey Bore, pls know your position.Now do the washing up lass.

[1oughton] 10/8/2019 23:18

Wasn't nerd a loser in qpp too?Proper loser

[goodbloke1] 10/8/2019 23:07

I only have a relatively small amount in this

[minerve 2] 10/8/2019 23:05

goodbloke1

Are you long/short Burford?

[goodbloke1] 10/8/2019 23:01

Are you speaking from experience lol?

[sweet karolina2] 10/8/2019 22:59

Minerve,

Married men don't get head. Women only do that before you put a ring on their finger.

[nerdofsteel] 10/8/2019 22:51

"bbmsionlypostafter10 Aug '19 - 22:39 - 9275 of 9281
0 0 0
Nerd,

From your activity here & your Daveycaferacer tweets I'd say you are balls deep in this, yet another controversial share that's crashed.

How do you do it?"

Yep, went Long at 444p last Weds, how does that make you feel?

[goodbloke1] 10/8/2019 22:51

Lol now that is funny