Burford Capital Share Discussion Threads

[time_traveller] 10/12/2019 16:01

If there's no response from Burford, I'll suspect a management/PE buyout is indeed in the pipeline, and a smashed up share price is exactly what they want.

[talk2tc] 10/12/2019 15:57

'We asked $BUR.LN yesterday whether any of the funds it manages was a buyer of its Petersen stake. We had heard (unconfirmed) color that this is the case. IF this is accurate, it throws Petersen proceeds into question. Email attached. No response so far.'The email they have attached (which is on Twitter) asks two questions. Have Burford sold any Petersen to Burford manages funds and if so, how much. Shame to see shares off 6% on a speculative tweet with no evidence or fact...even if they have, I can't see it being a major issue. I don't blame Burford for not responding given they're investigating MW for share price manipulation. Continuing to hold.

[dgdg1] 10/12/2019 15:43

Sorry, but in my opinion it was always clear that there never was any morality or protection of investors in the mind of MW, it was just a pure profit-making opportunity, to be achieved by copious amounts of innuendo etc etc, so really no surprises here

[ronchong] 10/12/2019 15:37

Kind of sad what the short sellers and their counterparts are doing. By insisting that Petersen is a zero, they are implying that Argentina has done nothing wrong in the exporiation of the minority shareholders and that it is fair for them to do so. Even the most uneducated and uninformed person would be able to tell what's wrong with this. They are going against the very principle that motivated them in the first place, from educating the markets and protecting the investors from foul play to supporting sovereign agenda, no matter right or wronr. What started out as a informative evidence-backed fraud allegation has been debunked and MW has to resort to rumours and just plain old trolling. While questioning the ethics of other companies, perhaps it's high time MW turn around and question it's own.

[ozzmosiz] 10/12/2019 15:35

The trolls are out. Almost like clockwork

[galatea99] 10/12/2019 15:23

FT gave a hint that there may have been something not quite kosher. See my post 14843:

"Burford received the proceeds of the placement of 10 per cent of its Petersen claim with institutional investors in late June for a surprisingly round number of $100m, giving the claim an easy-to-remember valuation of $1bn. The announcement of the transaction came just after a legal procedural milestone before the US Supreme Court, and just before the end of its semi-annual reporting period. The precise terms of the deal, including, say, whether there were any non-cash components of the proceeds, were not disclosed."

Note the reference to "non-cash components of the proceeds".

(not a holder since August).

[mad foetus] 10/12/2019 15:22

And also confirmation if they are speaking to finders about going private

[mad foetus] 10/12/2019 15:21

It would be better if accompanied by a general trading update, news on board changes, news on US listing and, regulations permitting, significant buys from PDMRs

[bristol97] 10/12/2019 15:20

All this stuff from FT and MW is corrosive to the share price People will be adopting the 'no smoke without fire' approach. I am losing a lot of dosh here at the moment. Are we going sub 700 ??

[winsome] 10/12/2019 15:17

You can be certain BUR will make a statement by tomorrow morning, either via RNS or on their website. Very easy to clear up either way. Let's hope MW is just spouting more BS. That would be true to form, wouldn't it.

[bulltradept] 10/12/2019 15:17

Always something with this bloody company eh...

[dgdg1] 10/12/2019 15:13

Ah founf it now at the bottom, where it shows the tweets. Extraordinary that the price should be down 5% just because of a vague rumour on a short-seller's website, which, even if true doesn't seem particularly relevant unless it shows that the valuation was artifically boosted. But the rumour doesn't even claim that the Burford fund was the ONLY buyer, just that it was "among" the ultimate buyers. So that means the other buyers definitely valued the claim at $100m. So what's the big deal?

[winsome] 10/12/2019 15:04

mf, you could be right and that would be acceptable if its a small portion and genuinely taken off BUR's balance sheet

[dgdg1] 10/12/2019 15:01

Where exactly is it on the website? I can't see it.

[mad foetus] 10/12/2019 15:01

Might be true. Could even be that people insist on it as a term of their investment. But it has been 4 months since the original attack: time for BUR to give an update imo.

[winsome] 10/12/2019 14:58

Says BUR used their one of their own funds to purchase some of Petersen but admits its not confirmed - just a rumour.

[dgdg1] 10/12/2019 14:55

Where's the mischief? I can't see anything new there

[dgdg1] 10/12/2019 14:52

Does anyone know of any reason (logical or illogical) for the recent fall in share price?

[winsome] 10/12/2019 14:51

More mischief on MW site causing BUR share price to crash. 40 institutions bought into Petersen according to BUR so they need to respond asap.

[djderry] 10/12/2019 13:15

Excellent research butch.

[chimers] 10/12/2019 13:00

Ever Decreasing Circles..........

Hey...IDS.