Burford Capital Share Discussion Threads

[mad foetus] 20/11/2019 13:56

No they have lots of cash.

[trident5] 20/11/2019 13:47

Price action?
Something up, do they need more cash?

[chucko1] 20/11/2019 13:45

... depends on your feeling about what “FOREVER”; means. In your case, Chimers, less than a day - so the thought of forever and a day must cause you some behavioural problems.

[djderry] 20/11/2019 13:12

It's quite amusing.Anyone who doesn't understand that earnings and revenue are going to be volatile and unpredictable from year to year does not understand the asset class.Cases wind their way through the courts/arbitration panel at their own pace.Judges decide in their own good time.What's not clear about that?

[borg45] 20/11/2019 11:56

Wait and see if a massive buy appears after hours then you will see the reason for the drop

[borg45] 20/11/2019 11:55

Surely it will be Bt bonds he pays us

[bristol97] 20/11/2019 11:51

george, I must have spent nearly 10 minutes of my life over recent months reading your posts. This is time I won't get back. You are not really very amusing at all.

[george stobbart] 20/11/2019 11:44

Corbyn clear winner of the debate last night.

Corbyn was Prime Ministerial, likeable, trustworthy and in touch with the ordinary people.

Labour majority is now a done deal and comrade McDonnell will destroy BUR shareholders with an equity to debt swap deal which values BUR at c. 35p.

[hatfullofsky] 20/11/2019 10:08

Nothing to do with charts, simply the BBerg update

[bristol97] 20/11/2019 10:05

So what happens next Ptolemy ? I'm looking for a precipitous rise.

[ptolemy] 20/11/2019 09:47

Update to post 14550.

Ptolemy - 12 Nov 2019 - 14550 - Andrew's pitchfork......Support, here, means upwards trend resumes. A break below the median line, a precipitous fall.

The price couldn't get above the lower median line (white arrow shows failed attempt) and so the fall of 13% from previous post....

[time_traveller] 20/11/2019 08:57

Quality is research always much poorer for AIM stocks. It's amazing investors are selling on the basis of it though.

[dgdg1] 20/11/2019 08:55

Also, Berenberg have confirmed they think Burford mark to market valuations are fair - "Burford Capital’s use of mark-to-market accounting does seem fair overall". Their issue is "But revenue is “heavily concentrated” in a low number of very successful investments; estimates ~70% of net realized gains from 2H16 to 1H19 from two investments" - why the focus on net realised gains? Fair value gains are also relevant, and they have themselves accepted that the fair value gains are indeed fair. Just because Petersen was particularly successful at producing some realised gains through sales, which would otherwise have been fair value gains - thus skewing the proportion of realised gains coming from Petersen - why does that matter so much? Imagine they had sold much less of Petersen (but at the same prices), then the net realised gains would have been more evenly spread, yet the total profit including fair value gains would actually have been the same, and Berenberg's complaint wouldn't be there - so why does it become a problem just because they decided to sell more of Petersen?

[bogman1] 20/11/2019 08:54

Is this sell off due to Woodford closing up and selling out his 6% or has already sold this?

[dgdg1] 20/11/2019 08:28

I mean it's not just Berenberg that I think look absurd - as if they have suddenly discovered something. It's all those sellers who think there has been some grand new revelation. It's extraordinary because Burford has been so closely analysed recently and this has been one of the points raised, so holders presumbaly knew this and made their calculations about where the fair price should be, so what's the sell-off all about? A message to all those who think the market is always rational...

[wardy333] 20/11/2019 08:23

Big drop off here , cannot find a reason other than the City boys doing a quick rape and plunder.

[chimers] 20/11/2019 08:21

This one............



Chimers - 12 Aug 2019
08:30:48
9655 of 9840 BURFORD CAPITAL :::::::::::::::::::::::::: Litigation Funding - BUR

I always post a marker in every single prediction I make online whether its a buy or sell.

Right now Bur is what £8.30 mid.

In a years time it will still be around £8.30 mid.


Thats it.

It's over.

Trust has gone ......FOREVER.

The share price is closer to fair value.

In future, everyone will look at this "FORENSICALLY"

And it will be covered in small circular bruises the size of a 50p piece where the BARGEPOLE has been poking it.

Its going to go to sleep in this range.

[chimers] 20/11/2019 08:20

Maybe they just read my accurate post.

[edmondj] 20/11/2019 08:19

Maybe new analyst (s) or head of research got a grip in response to compliance raising questions, they all have to justify themselves.

[chimers] 20/11/2019 08:19

Yeahhhh, still, I ain't changed my target ave I indeed no I ain't not haven't so I ain't apples n pears gor blimey strike a light so I ain't ave a banana.....guv!!

[mad foetus] 20/11/2019 08:19

Also, they no longer make many single case investments. Almost all funding is portfolio funding these days, which may be less likely to produce huge returns, but has had, since 2012, a 100% rate of profitability: you can see that by downloading the BUR list of investments.

[winsome] 20/11/2019 08:17

dgdg1 - Exactly! I don't know of the comment about Berenberg share price target is true but if they have changed it in the space of a few months with no new material data then they discredit themselves completely and look like a bunch of amateurs.

[winsome] 20/11/2019 08:12

Unless BUR have had a very bad H2 (which is unlikely because H2 is always stronger than H1) their 2019 results are going to be stellar. Any claim that their past performance was heavily reliant on two or three investments ignores the fact that their portfolio and other investments have grown hugely to the extent they are not reliant on Petersen to keep knocking the ball out of the park.

With $1.2bn cash from just their core litigation portfolio, Petersen and Teinver receipts made up a small portion of that.

[dgdg1] 20/11/2019 08:11

As if people didn't know before that returns were concentrated.