Burford Capital Share Discussion Threads

[sweet karolina2] 15/8/2019 14:42

william,

I would not say obsessed but yes it is my hobby to expose lies and fraud as said before. I am not there yet with BUR, but feel I am getting close to the truth. The market may well just shrug at the truth and FRC and FCA may spend ages investigating and come out with largely inconsequential fines a few years down the line.

However, I think we can all see how pivotal the case which justified the $15.8m booking is to the whole thing. If BUR did lie in the rebuttal RNS, that could lead to Nomad resignation, suspension and boot off of AIM. Any hope of bond issue is dead. BUR may then be arguably insolvent.

MW may no longer have a significant short but they do "market" themselves on the track record of the longer term outcomes (when that is bad).

Investors need to do their own research and make their own investing decisions.

Adnan,

You need to make your own decision based on your own analysis not on some silly point. However as it interests you I have 2 masters degrees both in aspects of engineering - so nothing to do with accounting, business or law. The key thing which differentiates Masters from Bachelors is critical thinking and analysis. Mostly this involves finding evidence, referencing it properly, taking in the work of others without plagiarising it and presenting a reasoned argument in answer to a complex question with at least some elements of originality. PhD or doctorate, which I have no aspiration to achieve, involves more original research and experimentation to produce a credible thesis.

[jakeah1175] 15/8/2019 14:38

Does anyone happen to have an idea of the typical timeframe of an FCA investigation? Or is it 'how long is a piece of string?'.
For example how long did Viceroy discredit take in the Capitec case? Thanks

[winsome] 15/8/2019 14:28

Let's change topic for a minute. It is reported that Viceroy (who exposed Steinhoff fraud) also did in depth research on Burford at same time. They clear found nothing and instead moved onto their next target Capitec and published a damning report 'Based on our research and due diligence, we believe that Capitec Bank is a loan shark with massively understated defaults MASQUERADING as a community microfinance provider. We believe that the SA Reserve Bank and minister of finance should immediately place Capitec into curatorship,"

Sound familiar to MW headline? SA regulator investigated Capitec and totally discredited Viceroy. Capitec thriving today.

I'd be foolish to dismiss MW entirely but just like Viceroy their reports aren't exactly independent and should be taken with a huge pinch of salt.

[williamcooper104] 15/8/2019 14:17

It's really not about TW - you are obsessed MW have won it - Bur will only recover if they overhaul corporate governance - there was no flash crash and no recovery Post making these changes Bur's share price will recover so long as the upward business trajectory continues - but that will not have disproved MWs point about governance

[adnan17] 15/8/2019 14:07

SK if you tell me what your Masters degree was in, I will sell my shares.

[epo001] 15/8/2019 14:04

How much are these sad individuals paid and on what basis? By the post? Can't be by the hour, too busy for that unless they are based in a dark room in some industrial estate.

[williamcooper104] 15/8/2019 13:43

Lack of tax is due to being in Guernsey

[blusteradjuster] 15/8/2019 13:38

Can understand why Shareprophet-karolina2 has called in reinforcements.

Must be exhausting churning out the FUD for 16 hours each day.

How do I give SK my vote for “employee of the month”?

[onup] 15/8/2019 13:31

Is simon T buy from today or a previous inv. chron . Buy before all this blew up ?.?

[winsome] 15/8/2019 13:28

BUR a long term buy tip of Simon Thompson. I used to subscribe to them years ago but their writers always conflict over the same companies as to whether to buy or sell. I figured out its best to DYOR.

[henchard] 15/8/2019 13:24

sk,

"If Glenmark is the case Booked for $15.8m it is a 100% certainty BUR committed accounting and then securities fraud in 2014 IMHO."

It would be in Burford's interest to disclose the source of that $15.8m. I'm a bit surprised it didn't take the opportunity to address it in its MW rebuttal, given as it rightly said, Napo was MW's "first and most prominent claim."

If I had a financial interest in BUR, I would certainly, as I suggested earlier, contact BUR investor relations and ask them for clarification on the $15.8m, and suggest an RNS be released to deal with the matter.

The potential implications vis-a-vis accounting and securities fraud, and tip-of-an-iceberg possibilities, are so significant, if BUR can't adequately account for the $15.8m, that I think it's a matter the company would do well to address.

[williamcooper104] 15/8/2019 13:19

Sk - unfortunately I've come across professionally a lot of litigation lawyers and all complained that Bur were hugely risk averse

[monte1] 15/8/2019 13:11

#10886

Me.

I hope this helps.

Incidentally, I haven’t filtered you either.

[borg45] 15/8/2019 13:09

Seriously who's not filtered SK2 she's like one of those you've had an accident phone calls

[williamcooper104] 15/8/2019 13:04

Anyone else think of a listed company that consists entirety of non-execs?

[williamcooper104] 15/8/2019 13:03

Not the best article - not least because he's not even read the MW research But killer point at end Board of directors consists entirely of non-executives - all of whom are, or soon will be, deemed to be non-independent under UK Governance code

[nw99] 15/8/2019 13:02

Rally starts here

[riverman77] 15/8/2019 13:01

More lousy analysis from someone that knows nothing about them company. Casfhlow is weak because the company is ploughing everything back into new cases. This Bearbull cretin has obviously just taken the headline figures from the accounts without understanding the wider context of the business.