Burford Capital Share Discussion Threads

[williamcooper104] 27/11/2019 11:01

Agree the PEs should converge over time The argument for Mano relative to Bur would be that their earnings are of a higher quality in that they all come from very granular cases with no mega outliers - and to extent that gains are unrealised in one year they will show up as cash the next I prefer Bur to Mano as I think it's business model is more robust - Manos niche could easily be killed over night by regulatory reform or even just Insolvency Practioners deciding to fund cases themselves - and Mano being listed and showing what little risk there is for many of its cases only increases this risk - IMO Have reduced my Mano exposure because of this

[winsome] 27/11/2019 10:18

Just reading latest Manolete accounts. Out of their last 6 months revenue their unrealised gains made up 5.6m of their 7.5m revenue. That's 75% compared to BUR's 55%.

BUR's average settlement timeframe is 17 months, just 6 more than Manolete's. Yet Mano are on a much higher PE than BUR and they are a minnow. Peel Hunt target on MANO is nearly half current share price Just shows the irrationality of the market. In the long term it's a weighing machine and BUR and MANO's PEs will likely converge over time.

[bristol97] 27/11/2019 09:46

Still not funny George. Let's face it - you are just not stand-up material.

[george stobbart] 27/11/2019 09:28

BUR BELONGS TO THE PEOPLE. WE WANT FREE LITIGATION SERVICES.

99% OF BUR SHAREHOLDERS APPROVE THE NATIONALISATION PLANS AND THE GREAT LEADER JEREMY CORBYN.

[gettingrichslow] 27/11/2019 08:32

“Meanwhile - you contribute nothing of substance and are a waste of screen space.“

Yep, sums old Meanwhile up perfectly. Vacuous and out of touch.

[wardy333] 27/11/2019 08:27

Bots asleep today.

[rar100] 27/11/2019 08:13

Maddox,

The last two sets of annual accounts made great reading, and the share price went down.

[wardy333] 27/11/2019 07:46

What are the Bots going to do today? more of the same or is it going up?

[meanwhile] 26/11/2019 22:58

Maddox tells us :-

"Can I suggest that rather than sitting looking at the share price bounce up and down for no apparent reason, or dwelling on stock market aphorisms, you have a read of the last 1H19 results."

I think Maddox missed out a subsequent stage. 'Having had a read of the last 1H19 results, you consider how the data presented may have been massaged and the statement on future prospects may have been overstated'.

[maddox] 26/11/2019 22:28

Can I suggest that rather than sitting looking at the share price bounce up and down for no apparent reason, or dwelling on stock market aphorisms, you have a read of the last 1H19 results. You might then reacquaint yourself with why you are still holding onto the shares.

Regards Maddox

[williamcooper104] 26/11/2019 21:03

True; though I've made the most money by bailing out of little doggies before being too badly mauled

[devalpha] 26/11/2019 19:55

To be successful in stocks, you have to have the vision to see them, the courage to buy them and the patience to hold them. Patience is the rarest of the three. - Thomas Phelps. Good philosophy, and very apt for Burford I suspect.

[keyno] 26/11/2019 19:40

Beg pardon, OM!

[ozzmosiz] 26/11/2019 19:38

Lows 900s? It hit 985 recently!

[keyno] 26/11/2019 18:46

rar100: It can't be just "the press" who are keeping the share price where it is. I can only hazard several guesses as to why the price never seems to get beyond the low 900's. None of us know for sure - as PI's we only have our opinions based on "outside" information. Fundamentally, acting on our opinions though is what investing is all about, that's the only real tool we have (no puns please). If you are a LTH you might well end up OK though I obviously don't know what you need to break even or make a profit. Averaging down might pay off in time too. But you already know that...... Good luck anyway.

PS I'm disappointed in current performance too.

[stockvalue] 26/11/2019 18:06

@ rar100 In economics its called sunk cost. The payments made so far should not play any role in the decision-making process, so they are sunken and irretrievable. In the decision, only the subsequent chances of success should be considered. I personally think the stock will recover.

[rar100] 26/11/2019 17:45

I'm a LTH but not a happy one with share price where it is, yes it's where Berenburg say it should be. The mud is still sticking, the press only like to give a very negative view of the stock.
They (BUR) must also be spending a shed load on law suits in time and money, how many entities are Bur suing, and how many folk suing Bur
All not good for their image
I wouldn't recommend the stock to a friend right now as I'm sitting on a very big paper loss right now.
That's basically the only reason I'm holding, in almost blind hope not because I think they will do well.
The general state of the markets doesn't help and probably plays its part.
The press have to be brought round to who is bad (MW) I can't really say BUR is good however, it ain't that sort of world...

[dgdg1] 26/11/2019 17:36

trident - but my point is that there are two different markets. There is the stock market, where people have very limited information, and the secondary market for Burford's rights which is a small group of highly sophisticated individuals with backup lawyers who will do their own detailed diligence on any cases. The stock market has no effect on the other market.

[trident5] 26/11/2019 17:19

DGDG - it would be difficult to argue that the market has reappraised the value of Burford post MW and not done the same for any cases it might bring to the secondary market.

[dgdg1] 26/11/2019 17:11

trident I stil don't see the problem with sales, yes they enable write-ups but justifiably so. Nor do I see why MW makes future sales harder. As for your moving on to why the CEO hasn't bought more, this is an old argument. I believe the CEO does have a large holding, and it's difficult to argue about exactly how many he should have bought back at a given price and what it shows.

[wardy333] 26/11/2019 17:00

1,5 million buy, someone seems confident.

[borg45] 26/11/2019 16:46

Big buys arriving today what do theyKnow that us normal pi don't ??