Burford Capital Share Discussion Threads

[mammyoko] 12/8/2019 09:55

This

I would say that today Burford shares are impacted by Argentina's elections results, since the populists who are now clearly the favourites to win October's presidential election are not going to pay the country debts -and Perterson are in the package- Companies such as Prosegur Cash, with maybe 15% of the business in Argentina are also falling due to the probable slide of the argentinian currecy.

[typo56] 12/8/2019 09:54

steeplejack, does the lending fee go into the fund, or to the fund management company?

If brokers do lend out stock in nominee accounts, it doesn't appear to get paid to the nominee account holders!

[minerve 2] 12/8/2019 09:53

They should implement good sound corporate governance. No Ifs and Buts. Just do it. If they can't do it then they shouldn't be entertaining any list for their benefit. There is an implicit expectation on them that they should deliver the best corporate governance without complaint. Companies have to realise that just delivering good share price performance isn't good enough. Investors also have to manage risk and good corporate governance mitigates risk. Unfortunately, one of the first large investors in Burford doesn't seem to have the right attitude to companies delivering good corporate governance in line with codes like Greenbury and Cadbury. You can make a guess to who that might be.

[epo001] 12/8/2019 09:51

I don't think MW is the issue any more. They will be pursued through the courts and will hopefully be another successful investment for BUR in due course.

The increasing hysteria by SK2 and other scum shows just how rattled they are.

IF this incident causes AIM to be reformed that would also be a good thing.

[sweet karolina2] 12/8/2019 09:51

"No need to rush and pre-empt anything MW might come out with. Get all the available evidence. Rushing you make mistakes. And we wouldn’t want that, would we?"

Yes and what BUR have done is a massive mistake.

They have paid a bunch of people to find what they hoped to find - no sub conscious bias there. Then they have used the standard lawyers trick of finding and paying (nobody works over the weekend trawling though reams of data) an "expert witness" to comment on what the biased researchers have found.

BUR do not even have evidence a crime has been committed - there are so many perfectly rational alternative explanations for absolutely everything. And they certainly have zero proof MW are responsible for the crime they hope has been committed. Coming up with something like that in court would get the case dismissed, so why try to play it out in the court of public opinion? Yes naive mug punters lap it up, but serious investors are unimpressed and when the media gets on the case they will have a field day.

By making wild unsubstantiated allegations as BUR just have in a stupid attempt to boost the price of the shares management already own and have just bought more of (though no where near what they sold) is worse than what MW did releasing their report. Only blinkered biased mug punters cannot see that.

[ozzmosiz] 12/8/2019 09:50

7.50 oops? It's a huge buying opportunity.

[shanklin] 12/8/2019 09:48

Re Argentina, its a bit like Boris saying he won't pay the EU any of the 39 Billion Euros. Its not sustainable long-term.

AIUI Argentina will need to raise money and cannot do so with this case hanging about

[mr jam] 12/8/2019 09:46

zero reason the cfo should step down; if anything would send the wrong signal, that would. mw will be shown to be wrong in time.

[steeplejack] 12/8/2019 09:42

Years ago,stocklending provided much needed stock for jobbers.The marketmakers paid a fee to borrow shares from pension funds and insurance companies,even merchant banks who had a long position in companies that weren’t going to be sold.One of the reasons the stock wasn’t going to be sold was because the holding (whilst inherently long in nature) might trigger a massive capital gain liability having appreciated over the years.So,some funds were more than happy to make an extra fee by loaning stock to jobbers in particular who would use the stock to facilate making a market.It was the long term holders lending to the short term operators.In recent decades,this stock lending procedure has become more invidious and destructive.Originally, it was created to facilitate efficient trading but now it’s more perfidious.

[gusrezo] 12/8/2019 09:41

I would say that today Burford shares are impacted by Argentina's elections results, since the populists who are now clearly the favourites to win October's presidential election are not going to pay the country debts -and Perterson are in the package- Companies such as Prosegur Cash, with maybe 15% of the business in Argentina are also falling due to the probable slide of the argentinian currecy.

[3dwd] 12/8/2019 09:39

Public company..not a family business.. belonging to shareholders...they should focus on running company...

[babbler] 12/8/2019 09:38

if panic selling stops yes. If not then no.

[wardy333] 12/8/2019 09:37

Getting hammered today 20% swing, will this turn?

[podium] 12/8/2019 09:37

Took a small nibble there - going to be a choppy day.

[1oughton] 12/8/2019 09:37

£7.50

oops

[adnan17] 12/8/2019 09:36

In addition a share buyback to the tune of 5-10% of current market capitalisation. They have the money. Plus could easily sell some cases to raise further cash. Can see this happening within the next two weeks.

The whole CEO/CFO is a complete red herring. They have been married for 27 years. It makes it a family business. Family businesses are some of the best run businesses.

Look at Mars, Look at Schroders. All great companies have started as family owned businesses. Why have they not been subject to the same derogatory comments. Just shorters trying to create panic.

Here is a list of family owned businesses that have done exceptionally well:

hxxps://www.hl.co.uk/news/articles/archive/why-family-owned-companies-tend-to-outperform

[minerve 2] 12/8/2019 09:36

Pension funds and large institutions in the long-game lend out stock and allow shorting to happen because its allows them to build-up a long position cheaply.

[bolmen] 12/8/2019 09:36

Burford's analysis of the Grafing of its share is no good news for shorters. Good bye, shorters.

[chimers] 12/8/2019 09:35

I got a suspended 3 yrs and litter picking for assault at my last anger management class.


As it appens..........

[mr jam] 12/8/2019 09:35

too many people on here putting faith in MW, and not on the company. MW has long closed their short i bet, and don't have any killer news to put out. if they did, they would have already done so. all bs short attacks.... if directors are buying at 8.65, i'm defo a buyer here a pound lower.

[mad foetus] 12/8/2019 09:33

Probably more PDMR buys around this level imo.

[littlepuppi7] 12/8/2019 09:33

That would not be legal imo.