Burford Capital Share Discussion Threads

[zeus19] 15/8/2019 15:46

Now that's what I call an RNS

[dgdg1] 15/8/2019 15:46

What you don't seem to be addressing is the fact that MW themselves refer to the fact that Napo had a debt to Burford which was then converted into Jaguar shares and $8m cash. MW's report mainly homes in on the issue of Invesco bailing out Napo. It doesn't clearly accuse Burford of lying about there being some Burford entitlement because he himself refers to it in his report. Similarly in the second report it refers to "Napo (or whatever BUR would call it at the time) was shown as a “Concluded Investment” in the 2013 annual report, despite there being no cash available to back up BUR’s supposed “entitlement” until the Invesco-led bailout in 2017. " So he is careful not to claim there was no entitlement, just that there was no cash. In this sense his complaint is similar to some of the other cases he refers to where Burford receives in-kind settlement rather than cash, which MW don't like Burford treating as a settlement. Burford, have, however explained both in their rebuttal and their annual reports many times, that in the chart of ROIC calculations they treat a case as concluded when there is no LITIGATION risk, even though there may be the risk of them not actually receiving payment (or by extension if they receive in-kind settlement which may subsequently decline in value). So this whole argument that Burford may have completely invented the $15.8m is one that even MW are careful not to allege.

[time_traveller] 15/8/2019 15:45

Hallelujah! Pity it all had to happen after the short attacks, but they listened in the end

[mhassanriaz] 15/8/2019 15:43

Burford shocked Muddies. Check the RNS

[1oughton] 15/8/2019 15:43

names Kilman as CFO

[ozzmosiz] 15/8/2019 15:42

Have it bear cu##s

[zho] 15/8/2019 15:42

RNS: Burford has concluded that it will endeavour to procure a second listing on either NASDAQ or the NYSE as a first choice

[adnan17] 15/8/2019 15:19

SK what made you do two Masters? Do you need two Masters to work for a hedge fund?

[ny boy] 15/8/2019 15:19

(PPS) has had a very healthy pull back bought back today 18p, when it turns up, it can be very rewarding, Bought last time 12p on the run up to 30’s dyor but I like the technology of this Company.

[monte1] 15/8/2019 15:16

When the lid has been lifted on Pandora’s Box, it can never be replaced.
Every investigative journalist and financial analyst this side of the Ural Mountains will be poking around under the hood for weeks and months to come.

[wardy333] 15/8/2019 15:13

A/Ts smashing this today , must be more shorting going on .

[riverman77] 15/8/2019 15:10

As another poster said I think sentiment has been well and truly shattered here and the share price will probably need a couple of years to recover. Oddly I'm more confident than ever about the prospects of the underlying business. I'm pretty much ignoring the day to day prices movements for the time being - it's bound to be volatile for the foreseeable future, but no point getting stressed about it. Will come back in a couple of years and see how it's doing.

[sweet karolina2] 15/8/2019 14:59

winsome,

My understanding is Viceroy (run by an ex social worker Fraser Perring - lots for ostriches to laugh about and foolishly dismiss) was employed by a PE firm to do the research into BUR hence his report would be the property of the PE company. The PE company was considering buying BUR - they did not. I do not think you can take it as a clean bill of health.

[adnan17] 15/8/2019 14:58

Did you have to do exams for your Masters degree? Did you have to study hard?

[chimers] 15/8/2019 14:55

I did hear rumour that Kwik Fit had printed new Diplomas for their Induction course but I didn't realize they had gone OTT with the hyperbole.

"Well done!! theres your Masters ...Ahem I mean diploma signed by Farmer himself.

[adnan17] 15/8/2019 14:55

SK are you a civil engineer? Can you let me know what bridges/buildings in the UK you have been involved in? Make sure I never go near it.

[chimers] 15/8/2019 14:53

Ahh Sounds to me like he is a "Mechanic" perhaps specializing in Tyres and Exhausts.


"I have 2 masters degrees both in aspects of engineering"

[1oughton] 15/8/2019 14:51

chimers the resident fwit still alive ?

darwin awards for that muppet

[chimers] 15/8/2019 14:51

Since when was an 0 level in woodwork known as a "masters degree"?

adnan1715 Aug '19 - 14:07 - 10899 of 10909
0 2 0
SK if you tell me what your Masters degree was in, I will sell my shares.

[monte1] 15/8/2019 14:44

I have a cycling proficiency badge and a bronze lifesaver award.

I hope this helps.