Burford Capital Share Discussion Threads

[epo001] 02/12/2019 12:55

This is pointless, their report was information. As I said it may have been false or simply exaggerated but it has not yet, to the satisfaction of the market, been refuted.

Trev, the difficulty is that you cannot prove the company is whiter than white from the outside. Perhaps MW's name is a sly pun, mud sticks! Previous valuations were based on certain growth and revenue assumptions, those assumptions are now being questioned

[tradertrev] 02/12/2019 12:44

Personally I think the only new information provided by the short attack was that there were an awful lot of people holding the shares for the momentum ride and who didn't know/understand much about the fundamentals of the business. You now have a classic herd instinct being shown by institutional investors staying away from it until someone proves to them (because they won't do the work themselves) the company is not just honest but whiter than white. Institutions' ability to take risk and advantage of an opportunity is generally worse than pathetic.

[stockvalue] 02/12/2019 12:32

@epo001 What of the information MW provided was new?

[epo001] 02/12/2019 12:21

I did have reasons to buy and those reasons may have been based on incorrect information/assumptions.

MW provided new information, that's why the price fell. This may have been false or may just have been exaggerated. If the latter then BUR was previously over valued and may now be at fair value and may take a long time to get back to previous levels. Or it may be a bargain, I simply do not know because I am not an insider.

[stockvalue] 02/12/2019 12:03

First, you don't need an infinite timescale to make money. Second i assumed that you had a reason to buy at the price to which you bought first. If the price drops while information is the same you can buy the same future share of cash flow at an discount. Why would that be, throwing good money after bad? If you are buying again after the price drop, of course you shouldn't buy because of your book loss. Whatever, its all about the risk reward ratio. With information beeing the same and the price drops the risk reward improves. Common sence.

[epo001] 02/12/2019 11:46

Well, your opinion is worth what I paid for it.

I'm in it to make money and don't have an infinite timescale. If I buy stocks which do not rise (or worse, fall), then the exercise is futile or even harmful. "Relax and buy more" can also be seen as throwing good money after bad because I could of course buy other stocks which might go up while the likes of BUR are languishing. The problem is that we cannot know when market sentiment will change, hence "the market can stay irrational ..."

[stockvalue] 02/12/2019 11:35

@epo001 "the market can stay irrational longer than we can stay solvent." This wisdome is nonsense. As long as you are not leveraged, you can relax and buy more. If you can't be relaxed single stocks are not for you. Just my opinion.

[bristol97] 02/12/2019 11:08

Dropping again this morning. Invesco selling some more ?

[epo001] 02/12/2019 11:03

Regrettably, as the saying goes, the market can stay irrational longer than we can stay solvent. For now I am 40% down on BUR, have written than off in my head and will see what the future brings. I have a topup limit buy set at something very silly, otherwise I will let things pan out as they will. Hope it doesn't take 5 years, but it might.

[djderry] 01/12/2019 19:52

A little more than the figure you've quoted.The Aim listing is irrelevant.I have other shares, investment trusts,etc .The point is,nothing comes close to this company.In years to come,investors will be baffled by the valuation anomaly created by a bunch of chancer shorters.That so many were fooled by spurious claims.For a company of this quality,I'd say a PE in the high twenties is warranted.What I'm suggesting is that the market doesn't know its arm from its elbow.I am willing to back my analysis with hard cash.Five years will tell.

[epo001] 01/12/2019 18:08

Well, if I had around £250K in 30,000 AIM shares I wouldn't even notice (let alone look forward to) a trifling dividend like £1K or remark on it or think that buying an extra 125 shares was worth the effort.

[djderry] 01/12/2019 16:13

I look forward to receiving my 3.35 pence per share dividend on Thursday.This will amount to over a thousand pounds,I'll have you know.The proceeds will,of course,be immediately reinvested in Burford .

[devalpha] 30/11/2019 14:38

Block's opinion doesn't mean anything.Analysts opinions don't mean anything.The only thing that counts in the long term is business performance and your own assessments. Everything else is short term noise.https://youtu.be/vD5O4qvMOpQGood luck to all long term holders and anyone with a genuine interest.Incidentally, the other guy in the clip beside Buffet is Ajit Jain. Burford has the equivalent in Jon Molot.

[dgdg1] 29/11/2019 11:35

Maddox, thanks, will look in to that.

[norman the doorman] 29/11/2019 09:40

Its probably GDPR data thing. Sign up for Vox Markets. I'm sure you can get them to email you the alerts. It cant be that hard to set up. It just sends me notifications onto my mobile which I prefer as email is always full of spam.

[dudishes] 29/11/2019 01:14

1/1000, RNS during mid day. Most forced.

[maddox] 28/11/2019 23:16

dgdg1,

Yes, Vox Markets which is intended for mobile is good but especially for flagging those mid-day RNS on your phone - so that you don't miss them.

Regards, Maddox

[dgdg1] 28/11/2019 16:07

Yes I do too but then if there's an announcement in the middle of the day you're likel y to miss it. Does anyone know if there is there another service similar to Investegate that is reliable? Thanks

[alter ego] 28/11/2019 15:39

dgdg1, same here. I've even created a new account and recreated my (long) list but still no email alerts. Have also emailed them without response. I just check the web site every day after 7am.

[dgdg1] 28/11/2019 15:24

Investegate was fine for years, then about a month or two ago I stopped receiving all alert emails. I sent messages to them but didn't get any response. Does anyone have any ideas as to how to get the alerts again? Thanks

[george stobbart] 28/11/2019 12:23

STILL A DECENT SHORT IN MY PORTFOLIO

TOM

[jockthescot] 28/11/2019 10:06

EdmondJ - I've used Investegate for years and they always seem to be OK, with most announcements coming through at 07:10 ish. However, for the last week or so they've all been late - for example Burford's announcement yesterday afternoon coming through first thing this morning.

Any other ideas for email alerts on this anyone?

thanks again.