Burford Capital Share Discussion Threads

[hawkind] 12/8/2019 10:32

Some people are so unbelievable, some still panic selling and falling for MM's tree shaking games when the BOD have come out with one of the best Rebuttal reports I have ever seen and an RNS today showing evidence of market manipulation. Not just any BOD by the way a BOD of litigation legal experts. Fock me some people should really not be participating in markets if still selling on that communication response.

[williamcooper104] 12/8/2019 10:32

Chimers - the first RNS clearly said that management would buy shares after the formal rebuttal To access the call you just had to submit a name and an email address I've spent longer signing in at the reception of an office building

[ozzmosiz] 12/8/2019 10:30

7.6 - a gift ! :)

[chimers] 12/8/2019 10:30

THE SHARE PURCHASE WAS NOT RNS'd UNTIL ABOUT 3 HOURS AFTER A SELECT GROUP OF PEOPLE HAD LISTENED TO THE CONFERENCE CALL WHICH HAD TO BE SIGNED INTO.

NO RNS ALERTS FOR ANYONE.

THIS IS AGAINST THE RULES.

PRICE SENSITIVE INFO MUST BE RELEASED BY RNS THE THE ENTIRE MARKET AT THE SAME TIME.

I WAS GIVEN A 3 HOUR ADVANTAGE AND WHATSMORE THAT ADVANTAGE PAID OFF.

[brexitplus] 12/8/2019 10:30

Oh chimers, that just won’t do.

As per my previous email, Burford said in an RNS they were going to respond and two principals would buy. They then said in a separate RNS details of the conference call.

Signing up to the conference call was simple, but possibly beyond your capabilities.

Everything done by the book.

Please apologise.

[typo56] 12/8/2019 10:29

Come on guys, Chimers is quite correct.

The conference call was not available to everyone.

It was only available to those with a telephone...and a brain.

[epo001] 12/8/2019 10:28

Chimers, you seem a little flustered. HAVE YOU REMEMBERED TO TAKE YOUR MEDS!!!!????!!!!?

[williamcooper104] 12/8/2019 10:27

Chimers - took about 20 seconds to create the account needed for the call

[mhassanriaz] 12/8/2019 10:26

Will see this at 1000p soon. Straight line up as it came down earlier last week.

[gettingrichslow] 12/8/2019 10:26

Chimers, I think Brexitplus was right - you should be a stand-up comic, it was open to all and therefore as Minerve says, all the info provided was in public domain from the moment it was stated on the call. You are wrong again I’m afraid.

[exile] 12/8/2019 10:26

Level 2 anyone ??

[brexitplus] 12/8/2019 10:26

1oughton

Give him enough rope ....

[hawkind] 12/8/2019 10:25

Close that short Chimers, sensing the panic in you and rightly so.

[1oughton] 12/8/2019 10:23

chimers - oh dear

egg on yer face there

[williamcooper104] 12/8/2019 10:22

There was an RNS out before the call - saying that there was going to be a call The call was then shown live on their web site Even Gotham praised them for organising the call

[brexitplus] 12/8/2019 10:22

Chimers old chap, please read the Burford RNSs carefully, including this one on 7th August, then apologise, preferably in block capitals



“7 August 2019

REPORT'S CRITICISMS WITHOUT MERIT AND

BURFORD PRINCIPALS TO PURCHASE SHARES

The Board of Burford Capital Limited ("Burford" or the "Company") takes note of the short attack report issued this morning by Muddy Waters, a firm known for such tactics, and believes that the report's criticisms are without merit. Burford will issue a detailed response to the report as soon as practicable and, following that detailed response, will also convene an investor conference call, as to which participation details will be provided in due course.


Christopher Bogart and Jonathan Molot, Burford's Chief Executive Officer and Chief Investment Officer, respectively, have informed the Board that once Burford's detailed response to the Muddy Waters' report allegations has been published, they each intend to purchase Burford shares for their personal accounts.

[franki8] 12/8/2019 10:20

define "wider market" Chimers? The call was comprehensively disclosed to all market participants via RNS. It was then on them to make a decision whether to call in or not. Whats the issue here?

[sweet karolina2] 12/8/2019 10:19

The UK ambassador to US did nothing wrong. Passing confidential comment on how he viewed the US govt is his job. Only a few people in UK would argue his comments were wrong or he was wrong to make them in the confidential memos. Had he made them publicly he would have been wrong to do so, even though the comments themselves could be justified. The person who leaked them should be strung up in my view, but it is unlikely they will be.

However Sir Nigel's position was clearly untenable through no fault of his own, he did the right thing and resigned with dignity and nobody thinks any the worse of him for doing so.

Liz needs to follow his example, the longer she clings on the worse it will be when she goes.

BUR claim to be listening on governance issues. Most of them will take time to put right and as yet BUR have only come up with excuses and not commitments to put them right. The quickest and simplest strong message that BUR are going to address the entirely valid governance issues is for Liz to go with a statement along the lines of:

I have served the company honestly and faithfully for many years and have never knowingly misled anyone. However my integrity has been brought into question by people who themselves lack integrity and the only way to resolve that question is to pass the baton to someone new. Independent accountants have been engaged to review all accounts produced and provide a detailed comparison with other accounting methods. That report will be made public in full and I am totally confident my integrity will be fully restored.

If BUR had an ounce of PR sense, rather than acting as I predicted they would (because they are behaving like lawyers) then that would have been this morning's RNS and the share price would be over £10 now and MW would either pull their response or risk losing media support as they would have the moral low ground continuing to attack.