Burford Capital Share Discussion Threads

[fairbear] 16/8/2019 16:01

Jefferies have recommended BUY with a target price of £24. Pity the market hasn't reacted to that yet!!

[ozzmosiz] 16/8/2019 16:00

You are great at conjecture SK, you literally make up assumptions and try to relay them as factual.

[dgdg1] 16/8/2019 15:48

From Burford's 2013 annual report, interesting that they decided to comment specifically on arbitration and to say that it has potentially higher returns: The international arbitration market is quite
different than either domestic litigation market
in which we are active. Arbitration matters settle
less frequently than litigation matters, and as a
result fewer matters produce positive outcomes
for claimants. Moreover, because arbitrations
more often end in awards than settlements
compared to domestic litigation, there tends to
be more enforcement activity to get to cash
receipts. On the other hand, arbitration often is
less expensive than the comparable domestic
litigation proceeding, and can be faster,
although disappointing trends in investor-state
arbitration are eroding both of those
advantages. These structural dynamics tend to
result in capital for arbitrations being priced
higher than for comparable domestic litigation
matters and for loss rates similarly to be higher.
We remain enthusiastic about arbitration
fiance for a number of reasons. We have a
clear brand position in the arbitration fild
– and the area is suffiiently specialised that
there are only a modest number of competitors.
Arbitration permits us to expand our
international reach without needing
to become enmeshed in the domestic litigation
environment of other countries, and we have
thus far been able to achieve the kind of
economic terms that compensate for the
higher loss rates

[achenaton] 16/8/2019 15:40

Hang on a minute, SK.

$15.8m was the total recovered. The gain (or BUR's cut as you put it) was "only" $8.4m. So how could $8.4m have been generated, given that Napo refers to "a successful outcome in the litigation"? It doesn't seem that outrageous in the scheme of things, does it?

Also, I would say that $15.8m was a fairly material figure in relation to the 2013 accounts, and there really weren't that many claims to look at. You will be sceptical I'm sure, but it would seem inconceivable that the auditors would not have been looking at it very closely and certainly at the existence and substance of the transaction.

[hawkind] 16/8/2019 15:34

Next Friday 900's maybe even back in double figures. October £14ish per share.This time next year £27.45 with American listing.

[hawkind] 16/8/2019 15:26

DAF,Last weekend, I would agree with you, this weekend after BUR's RNS this week there is now no risk whatsoever in the medium term.

[thedisciplinedinvestor] 16/8/2019 15:20

Yes, MW went short American Tower in 2013. It took months to recover from that BS and it has tripled since... Most of the points were same as BUR... Yes, let's go and buy more BUR so we can kick their a... I am buying everyday!

You can see their short here

[dgdg1] 16/8/2019 15:18

What do you think of adnan's latest find?

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

Bond holders clearly not convinced by governance changes as bonds still drifting along at significant discounts to par.

[dafad] 16/8/2019 15:16

As i said i have no intention of investing either way

[dafad] 16/8/2019 15:15

Must admit that i bought after the first repprt came out and ended up with an average price of £8.20,today i sold the lot and came out with beer money as profit!!

At the moment its to risky for me-I hope investors do well.

ButI would urge investors to read up on Noble from 2014-2018 ,it has all the main short characters that we have here,no advice intended .Gla

[mryl] 16/8/2019 15:14

Utterly bizarre price action; it makes no sense. Yesterday they release one of the best RNS I've seen on AIM and yet we're down 8% today. BS. Nobody is having my shares.

[thedisciplinedinvestor] 16/8/2019 15:12

The only way to stop this bleeding is to get buyers of the stock. People who are in are not buying more. Those who sold in panic mode are not coming back. Institutions are on the sidelines. As long as BUR does not convince buyers or start a buyback program the sell-off will go on

[thedisciplinedinvestor] 16/8/2019 15:11

The only way to stop this bleeding is to get buyers of the stock. People who are in are not buying more. Those who sold in panic mode are not coming back. Institutions are on the sidelines. As long as BUR does not convince buyers or start a buyback program the sell-off will go on

[adnan17] 16/8/2019 15:07

Lol

And I quote:

"Napo believes Glenmark has materially breached the Collaboration Agreement by failing to fulfill its basic responsibilities to develop and commercialize this important drug,” says William A. Brewer III, partner at Bickel & Brewer and counsel for Napo. “Most notably, Glenmark has not filed a single application to register this drug in any country in the world, despite having had the license for more than six years.”

On September 9, 2011, Napo sent Glenmark a notice of default, which gave Glenmark 60 days to remedy its defaults alleged therein. Napo terminated the agreement based on Glenmark’s failure to cure these defaults.

So Glenmark were not doing developing and commercialising. Court forced them to develop and commercialise."

hxxps://www.businesswire.com/news/home/20111212006268/en/Napo-Terminates-Glenmark-Pharmaceuticals-Failure-Commercially-Develop

How does that not have value?

[pal44] 16/8/2019 15:07

can we see a big Whoosh coming ?

[ozzmosiz] 16/8/2019 15:04

nicely said winsome