Burford Capital Share Discussion Threads

[westham64] 15/8/2019 16:47

Still waiting on Corrado1 to appear. Conspicuous by his absence since 3.38pm

[jakeah1175] 15/8/2019 16:46

Great point I missed on first read: We also intend that in terms of management representation, at least the Chief Executive Officer ("CEO") will join the board in due course.

[wardy333] 15/8/2019 16:45

Just got in what a superb RNS , hope it caught a few A/Ts on the hop.

[adnan17] 15/8/2019 16:44

SK where did you go? What price did you close your short?

[tsmith2] 15/8/2019 16:43

What utter bull*cks

[sweet karolina2] 15/8/2019 16:33

Finally BUR do something sensible and begin to address the key issues. Good that they wrap it up as listening to shareholders.

All they now need to do is get the accounting issues sorted, but I guess they can use the excuse of new CFO needs to bed in, but it really needs to be done by independent accountants and be a full reconstruction from first principles and there is no reason why the commitment to do that could not be announced now. The continuing influence of Liz is a negative, she should have resigned with dignity.

So the key question all shareholders should be demanding an answer to now is "What was the other Napo case in 2013 which was booked as complete in 2013 accounts?"

[adnan17] 15/8/2019 16:33

Anyone know where SK went? Been quiet for an hour.

Do you think the RNS caught her by surprise and she is rushing to close her position?

[daffyjones] 15/8/2019 16:32

@muddywatersre 4:09 PM · Aug 15, 2019
The notion of $BUR appointing Mr. Kilman as CFO will substantively improve governance is a farce. It is clear that BUR is more interested in imposing fig leaves than guardrails. Mr. Kilman was BUR’s banker at MS. 1/2

$BUR investors should have a CFO from the outside who is untainted by BUR’s conduct to date. Given the complexity of BUR’s accounting, should be an accountant who has demonstrated a strong commitment to ethics. Investment bankers don’t often qualify on that front. 2/2

[winsome] 15/8/2019 16:32

What else would you expect MW to say. Whomever they appoint, MW would moan about it.

[henchard] 15/8/2019 16:31

jake, yeh intention to go for LSE Main Market in event of no US listing.

Do I hear "3 cheers for Muddy Waters" from shareholders delighted with the company's new proposed governance structure?

[jakeah1175] 15/8/2019 16:29

Henchard you conveniently left out: "If we determine that there is an insuperable challenge with achieving a US listing, then we intend to pursue a premium listing on the LSE Main Market."

[borg45] 15/8/2019 16:28

Yes declaring they are now long

[3dwd] 15/8/2019 16:28

The auction will be interesting to watch...as shorters often use it to close..

[bobdown2] 15/8/2019 16:27

Today's Rns statement is laugh inducing....in a nice way...muddy w.......

[tsmith2] 15/8/2019 16:25

Brilliant RNS

[3dwd] 15/8/2019 16:25

What is interesting...if mw said they are a zero ..why are they not short....in size..?

[henchard] 15/8/2019 16:24

Definitely a development in the right direction, and shareholders have MW to thank for spurring the move towards a more acceptable corporate governance structure. It remains to be seen whether BUR's intention of listing on the NYSE or NASDAQ proves successful or whether, as it cautions, it meets "an insuperable challenge with achieving a US listing." It also remains to be seen whether, after the initial euphoria over today's RNS, the 15.8-million-dollar Napo question remains a drag on a sustained recovery.

[williamcooper104] 15/8/2019 16:24

It seems that the new CFO is a temporary one It can easily take 12 months to get a new CFO - far better to do this - even if not the perfect CFO

[blusteradjuster] 15/8/2019 16:21

Nothing from SK since the RNS?

All that effort these past days - for what?

The share price gang are no doubt working on a new strategy ready for tomorrow.

[3dwd] 15/8/2019 16:21

Try shorttracker.co.uk

[adnan17] 15/8/2019 16:19

Is there a link to see what the total short positions on Burford is?

[sikhthetech] 15/8/2019 16:18

bought some on that news.