Burford Capital Share Discussion Threads

[lomax99] 23/8/2019 07:30

FT 'Global Arbitration Review, a journal, has estimated that there are about $2tn in pending arbitration claims worldwide'$2tn! Perhaps fake news, good to see BUR going for it's share.

[buffetteer] 23/8/2019 07:28

Burford still a good bet despite problems, says Jefferies

Burford Capital (BURF) has come under pressure from a short selling attack but Jefferies says the litigation financier is still the long-term leader in an underpenetrated market.

Analyst Julian Roberts retained his ‘buy’ recommendation and target price of £24 on the shares, which fell 1.5% to 800.5p yesterday.

The shares have tumbled from over £14 at the beginning of this month after US activist Muddy Waters took a short position in the group.

‘Burford is still the long-term leader in a large, underpenetrated market offering attractive, uncorrelated returns,’ he said.

‘We think the company reports returns statistics accurately and have no concerns about its liquidity.’

Roberts said governance changes announced by the firm, including a reshuffle of management, were ‘overdue but welcome, and more can be done on the disclosure front to help rebuild confidence’.

‘Burford’;s cost of capital has risen by the business is unchanged,’ he said.

[dudishes] 23/8/2019 00:22

I bought at 795 and sold at 804, Not always a Shorter. Thought, easy money, and it was against the market, maybe delayed by one day?

[meanwhile] 22/8/2019 23:13

1Corrado said...
Bought at 765 and sold at 803 quick profit of £2600 in 20 mins. LOL

That's nothing. I bought at 785, sold at 794 2 minutes later for a cool profit of 23 grand. Also got a £25 M&S voucher from my broker.

[meanwhile] 22/8/2019 22:49

Does anybody here know much about chicken gravy, ingredients, cooking process etc.?

[1corrado] 22/8/2019 21:15

Stop dreaming with all your nonsense analysis. Lrleavt share price and will see what the morning b:

[scubadiverr] 22/8/2019 20:35

Criticisms

[tracy_moore] 22/8/2019 20:26

1CLUNTON / 1corridor is a hapless loser, non holding nasty piece of work.

[eentweedrie] 22/8/2019 19:26

do you have a screw loose?

[yidarmytom] 22/8/2019 18:17

This is going to 900p in short order folks......

1corrado
22 Aug '19 - 14:12 - 11972 of 11975 0 0 0
nonsense 2400p buy recommendation they are dreamer perhaps min 10 years time in the meantime will be lucky to see 900p in the medium term.

[winsome] 22/8/2019 16:41

If the MERZ case is based on MW report then what a laugh, eh?

So if I've been deliberately misled along with most other investors then can I still sue them for giving me 10 times my investment back despite the share price fall?

Investors have to prove a 'loss' first and also prove they relied on all the technical stuff MW told them rather than just PE's and PAT's, I'd have thought. But I doubt it'll ever go anywhere. BUR clearly make a lot of enemies out of beaten legal firms who inevitably want to try a shakedown as a bit of revenge.

[bbmsionlypostafter] 22/8/2019 16:40

Fact is dg, you don't know what they found. Whatever it was it made them say 'No thanks.'

You wouldn't see any wrongdoing here if it came up & slapped you in the face.You've convinced yourself everything is awesome. Share price says otherwise.

[dgdg1] 22/8/2019 16:32

The point is that it doesn't prove any wrongdoing by Burford. Also, someone else may want to buy it. As for what the case was they will find out when they do due diligence.

[bbmsionlypostafter] 22/8/2019 16:24

dgdg1
22 Aug '19 - 12:56 - 11965 of 11988

Maybe, what does that prove?

There's no 'maybe' about it, as you well know.

What it proves is that after examining the books & the co. they didn't want to buy BUR.

Now, mired in controversy with hugely important unanswered accounting questions & more questions to do with governance hanging over it, what chance is there PE would buy this?

Zero, until they clear up the questions & Name That Case!

Can't think why they are so reluctant.

[nobbygnome] 22/8/2019 16:06

Agree that the shorters are getting desperate here. The tide of opinion is turning against them and so they have to up the ante! They are clearly failing in their task though.....

[ozzmosiz] 22/8/2019 15:48

Sk is a bit thick

[yidarmytom] 22/8/2019 15:40

indeed, rad the rebuttal again, it's very comprehensive, this will get to 1corrado22's price target of 900p outlined in post 11972 sooner than he thinks!

[dgdg1] 22/8/2019 15:37

If you read all my previous posts AND the Burford rebuttal you would find the answers to all your questions

[tsmith2] 22/8/2019 15:28

Shortest having to work increasingly more to keep lid on it, running out of puff

[sweet karolina2] 22/8/2019 15:26

dgdg,

Now you are lying if it was all properly and credibly explained in BUR's rebuttal then the questions would not be being asked now.

Those questions will continue to be asked until they are answered. Whether that be under caution in an interview with SFO or in a deposition or otherwise.