Burford Capital Share Discussion Threads

[ozzmosiz] 07/1/2020 07:42

Professional and positive RNS

[loafofbread] 07/1/2020 07:42

Anyone know anything about Mithaq Holdings who have recently bought 5%?

[hatfullofsky] 07/1/2020 07:40

Nice update

[itsnotmeitsy0u] 07/1/2020 07:30

is tom talking about your mum?

[itsnotmeitsy0u] 07/1/2020 07:29

your short is going to lose you stacks of money here you foolish twit

[george stobbart] 07/1/2020 07:24

Should collapse -30% today on disaster news

[bristol97] 07/1/2020 07:21

RNS ! Addresses several of recent oncerns.

[cokehookerscars] 06/1/2020 18:58

Chimers, can you explain your thinking behind that statement ?
I'm genuinely curious.

[george stobbart] 06/1/2020 16:30

Looking expensive at 700p. Tom says entry point should be 200p.

[pal44] 06/1/2020 16:10

in that case you better close that short Chimez 2020 will be a great year for BUR GLA ..

[time_traveller] 06/1/2020 16:09

I think there might also be an element of them keeping their powder dry, as the previous trickle of RNSs to try and support the share price patently hasn't worked. So, a knockout RNS - US listing, another set of outstanding results, and maybe even a win or progress on the Petersen .. to really fry the shorters. Lovely.

[chimers] 06/1/2020 12:49

"Sentiment and momentum dictate the share price only in the short term - business performance will determine the share price in the long-term."


No ...old duffer...IT WON'T!!

THIS IS 2020

[maddox] 06/1/2020 12:07

adnan17,

Sentiment and momentum dictate the share price only in the short term - business performance will determine the share price in the long-term. That's the current opportunity that MW has presented us with.

The year-end has just closed as at 31 Dec - so the process of getting the full-year figures will be running full-tilt. As we know - all the in-flight cases will need to be reviewed for fair-value then independently audited and reviewed before a profit figure can be struck. So all of that, particularly in the light of the additional scrutiny, is going to take some time.

So, it's completely pointless to expect a trading update for a while.

Regards Maddox

[time_traveller] 06/1/2020 11:12

Yet another top up (which I really shouldn't), but hopefully a bounce coming of the September lows.

BUR can't say much if they're not permitted to by market rules, for whatever reason. As they say "the silence is deafening". Fully expect to see a +25 to 80% gain on the open any day now.

[steeplejack] 06/1/2020 11:10

The number of publicly listed companies opting to leave the stock exchange and become private firms soared 40% last year, figures show. According to public data analysed by the law firm Pinsent Masons, 28 businesses listed in London were snapped up by private equity firms in "public to private" deals (P2Ps) in the UK last year, up from 20 in 2018. - Guardian

[gettingrichslow] 06/1/2020 09:54

Chimers, you also said this was ‘going to sleep’ in the 800-830 range. Wrong!
Of course, if you make enough predictions you’ll eventually be right...

[chimers] 06/1/2020 09:46

Yeah....wot he said^^^ even though its what I said on here months ago.

[adnan17] 06/1/2020 09:35

the biggest factor in investing is sentiment and momentum. Until the management of Burford get their act together, sentiment will still remain negative.

In order to reverse sentiment their has to be regular communication from management.

Nobody ever does well in life and keep it quiet. Hence Burford consistently remaining quiet is not healthy for a company. If a company or person is doing well they generally boast about it. It is just human nature.

Sentiment will continue to remain negative until Burford start releasing positive updates. I have written to them a few times but received generic responses.

[chimers] 06/1/2020 09:32

Mind you I must admit that when I said £3 I didn't expect it to be TODAY!!

Hey Ho.

[chimers] 06/1/2020 08:10

Your all deluded BAG HOLDERS.


Weak investors who don't know how to let go.
You fall in love with the story and can never grasp that its just a "STORY"

£3 beckons.

[wangcai] 05/1/2020 18:14

In general think for yourself, and don't rely on sell-side analysts. Interesting to watch for everyone interested in analysing companies and business models. Could potentially help some Bur investors.

[maddox] 05/1/2020 12:48

Hi Rar,

Managing one's own human psychology is the biggest challenge when investing. Whilst the future is uncertain - the past is irrelevant. One needs to take a dispassionate look at BUR as if it is a new investment and ask yourself - do I think the share price will rise or fall? And act accordingly - buy or sell.

Now, IMHO if you look at BUR it's clearly in a highly attractive fast growing market - you can see evidence of this in MANO and LIT. Its fundamental valuation is extremely low, on a p/e 5, and yet the growth rate is high and yields and cash generation are excellent.

Two further crucial factors to weigh up:

>> Intangible fair-value gains account for a high proportion of reported profits; and

>> No mark-to-market price comparisons available for the 'assets' as each case is unique and thus valuation relies on management judgement (albeit verified by what looks to be a rigorous two layer independent audit process).

So, it really comes down to (as it does with all shares in reality) do I trust the management? Frankly, I do. I've attended a couple of their presentations, asked questions and spoken to them directly. They communicate very well, are highly credible, and are happy to go into minute detail. I've been particularly impressed in the way they have dealt with the MW attack - a cool, precise and authoritative detailed response.

Future prospects? Well the share price looks to be fairly resilient around 700p despite the continuing negative coverage. News of a secondary US listing would be positive and failing that we'll probably have to wait for a fin year-end trading update. If, as I expect, this will be positive then I think a partial share price recovery will commence.

A share growing at the pace of BUR should command a p/e of 20+ (as do the very similar MANO). It'll take a while for the negative sentiment to diminish to allow for such a valuation - what say 18 months or two years? So limited downside and highly attractive prospective upside, but some patience required.

FWIW that's my own view, no advice given or intended, as always DYOR.

Regards Maddox