Burford Capital Share Discussion Threads

[rar100] 09/10/2019 13:31

Regarding quarterly reporting, I think it would be a good idea as the essence behind the MW short was to imply 'dodgy' accounting (and then their dirty tricks campaign).
It seems like all or most of the press are 'against' BUR, The FT & IC certainly are so in my view, BUR need to show transparency in any way they can to prove the business is viable - as much as it can given the difficulties of having to give 'fair value' calculations. (Just like any other business has to).
I'm not informed at all as to whether the NYSE is progressing, or if they are suing the FCA, and what progress has been made if any on hard info re: the manipulation of trading on the 'crash day' or the possible buy back of shares.
I read bits and pieces on this board but time constraints mean that I'm not much wiser.
If some posters could be generous enough to give a synopsis as to where things stand I would be grateful as would a lot of others I believe. I'm holding my investment which is a fair bit in negative territory now without much conviction that things will change soon, a lot of hope that it will change eventually. Some clarity as to where we are now would be great (I hope!).

[manc10] 09/10/2019 12:30

wheres harold the troll this has done well not

[winsome] 09/10/2019 12:27

More than one of us on here thinks a PE buyout is most likely. Majority of shareholders are long term institutional holders and BUR employees. They'd agree to anything above 1400p IMO. I assume going with the NYSE listing will result in them paying a lot more tax. With the right PE buyer they could continue with their current low tax liabilities. Currently the price isn't going to hit previous highs until they list on NYSE and Woodford has sold out. The latter looks like its getting closer.

[williamcooper104] 09/10/2019 12:09

That said - its still likely to be attractive at moment

[williamcooper104] 09/10/2019 12:08

Sterling weakness doesn't impact Burford It's listed in £ but all revenue are in USD so a weak £ pushes up the share price in £ - therefore it's not cheap because of a weak £ It's actually more expensive to buy in £ because of a weak £ but anyone buying them in dollars will be able to buy £ cheaper which mitigates against the extra cost of the £ share price If it was both listed in £ and had revenue in £ (like say Green King) then it would be cheap because of £

[davez1] 09/10/2019 12:03

£ & £

[riverman77] 09/10/2019 11:18

I couldn't believe the HL statement about not knowing who to believe. It clearly indicated someone who had done very minimal research on the company (I had studied the company closely and could see straight away that there was actually nothing new in the MW report and was being deliberately misleading). Disgraceful that these fund managers charge fees for such minimal research - and he sold out at the bottom after a 40/50% fall.

[stockvalue] 09/10/2019 11:01

Yeah the HL story is absurd. If they cant even read reports, why did ppl even give them thier money to invest. If you can read, than it should be clear from the reports MWater is wrong. This guy just uses his past reputation to cash in. His trackrecord on western companys is paved by false allegations. Not a single allegation came out to be true.

[donald pond] 09/10/2019 10:43

I don't think they should value the assets, but a statement at the end of each non-reporting quarter along the lines that business has gone well, cash generation is strong and in line with broker expectations etc, while stressing that the assets are unpredictable in terms of timing of settlement etc. There needs to be a little more newsflow: beating expectations and issuing a commentary about how well the business is doing in July was followed 2 weeks later by a drop in share price of 75% (17-£4 peak to trough). It is tricky as there are no shortage of commentators who know nothing about the company who want to put the boot in: the most absurd being HL, with their "we don't know who to believe so we're selling at the bottom and charging our fees for investing in stuff we haven't spent a moment looking at" narrative.

[adnan17] 09/10/2019 10:31

Twice a year reporting is fine in my opinion, as valuing the assets each quarter is very tricky. The July reporting should get pushed back to September. Thus making the reporting more even.

[donald pond] 09/10/2019 10:17

I'm not bothered about that but I do want more news on how the business is doing. 8/9 months between results is too long. Have them in September and March with trading updates in Dec and June. We also could have news on underlying fund performance and when waterfall fees might flow through. Also there is a need to more visibly split out cash generating and fair value recognition of unrealised gains. But even with the lumpy nature of revenues, we need more frequent news about how the business as a whole is doing. The changes in directors will also be interesting: will any news directors buy reasonable amounts of shares?

[stockvalue] 09/10/2019 10:05

As a shareholder i would like the managment to buy more shares. If both CB and JM would lets say put another £10 mio more skin in the game, it would be a clear statement. It would restore confidence, since the listing date is far away at this point. Normally a listing procedure at NASDAQ takes around 1,5 month.

[adnan17] 09/10/2019 09:39

Donald,

In order to accept a PE offer, the majority of shareholders have to agree to it. I don't believe the majority of shareholders will.

For instance, lets say the PE offer is �11 a share. The majority of long term investors are likely to reject the offer. My opinion is the shares will be volatile until we get at least another 2 earnings reports. Hence, just have to wait until next July to be honest.

[cockerhoop] 09/10/2019 09:21

I think you're highlighting Donald's point ;-)

[bbmsionlypostafter] 09/10/2019 09:20

donald pond
9 Oct '19 - 08:50 - 14153 of 14153
0 0 0
If you accept BURs figures...

Let me stop you right there, said the market.

[donald pond] 09/10/2019 08:50

If you accept BURs figures, then it looks to me that a PE buyout is on the cards. The amount of profit being generated, mainly in dollars, the apparent difficulty the market has in trusting valuations of unrealised gains, the weakness of sterling, the fact that Woodford and Barnett are probably both close to being forced sellers and the appetite of UHNWIs for this asset class make it inevitable. I asked Bogart if he was speaking to PE at the moment at the lunch recently, and he didn't answer. But I fully expect to wake up with a "due to the continued inability of the market to fairly value BUR, we have reluctantly accepted an offer from XYZ..."

[wardy333] 09/10/2019 08:40

Hard to make any headway here looks set for more drops,someone is selling up slowly.
O traders buying then knocked back by the A/Ts.

[lomax99] 09/10/2019 05:31

Muddying the watersHttps://www.lawgazette.co.uk/features/muddying-the-waters/5101669.article

[dudishes] 09/10/2019 02:42

£20 to £8 one wonders as to the story?

[dudishes] 09/10/2019 01:55

gettingrichslow,

Rather easy, the share price says it all.