Burford Capital Share Discussion Threads

[dgdg1] 08/1/2020 08:23

Am wondering if the reason for today's price fall is related to NMC - on the basis that if MW seem more likely to be right there then they are monre likely to be also right with Burford - not that I agree, but maybe that's the psychology of some people.

[mad foetus] 08/1/2020 08:18

I think the share price is a response to investor fatigue and frustration that things have taken so long. Yes, you can say that it all looks good that we will be applying to SEC after results, but the doubters can say that there is no guarantee here will be a US listing. It feels like a pretty binary play to me: if results come out and are followed by news of a US listing then the share price will go ballistic as US demand will dwarf the UK market. But, if there is no US listing, the share price will be back in the creek. But big takeaway is surely that no shares will be created for US listing: indicates funding is not an issue. I would be surprised if shorters wanted to hold into results or much later, but who knows.

[epiwarley] 08/1/2020 08:14

According to short tracker Gladstone have begun reducing their short position, albeit in a small way. Reduced by 0.04% on 03 Jan

[dgdg1] 08/1/2020 08:10

Devalpha, absolutely spot on

[edmondj] 08/1/2020 07:42

Mike Walters was on The Mail, any clown should know.

[winsome] 08/1/2020 07:36

IC blow with the wind. Useless bunch.

Someone yesterday suggested 6-9 months for the Nasdaq listing. But Nasdaq website says 4-6 weeks after application for direct listing (which BUR are going for rather than IPO or equity raise). So Q2 listing on target as they suggested last year.

They perhaps could have pushed for listing before 2019 results so you could speculate they wanted to wait to include these on the assumption they are going to be good.

[dudishes] 08/1/2020 05:48

One ceased reading IC some 25yrs ago, when commenced serious investing.

I think Mike Walters was a clown on there at one time, he remains a clown.

£7 despite the reluctant announcements, remains an issue for them. Argies telling them to F off, take me to court and all that, bull, absolutely bull.

Options short were 0,6% now 1.6%, tells you something?

[devalpha] 08/1/2020 05:39

The IC were one of Burford's biggest cheerleaders before the MW attack. After the attack they reversed course almost immediately....why...because the price went down. They clearly had done no serious research when they were cheerleading prior to the attack. If they had, they would have been aware how Burford prudently (not recklessly) accounted for fair value gains, as this has always been made clear to anyone that took the time to read their detailed annual reports.They lost all credibility on Burford months ago and any comment should be largely ignored.Watch closely how they report on Burford when the price eventually climbs. I predict it'll be highly amusing.

[dudishes] 08/1/2020 04:55

Stick stuff at £7, explain that???

[dgdg1] 08/1/2020 02:19

From Investors Chronicle: "Burford Capital (BUR) has made a spree of announcements this morning, though an update on recent trading is conspicuous by its absence..." They are wrong on this, as Burford never provides trading updates, so no reason for them to give one now.

[wangcai] 07/1/2020 20:23

I did provide further court docket sheets at Twitter. For a short explanation read the New York Times article(i also posted a link) or do your own research. The solved case is quite similar to Petersen, although in my opinion the plaintiff in the Petersen case has a better position in general. Twitter: @Wang_Cai_Foshan

[stockvalue] 07/1/2020 16:03

His tweets does proof one thing. Even if Carson Block is proofen beeing wrong, he is right. This time the US court system is a big scam and all fraud. The question is how long and how many wrong allegations does it take before ppl understand that this guy would say anything for money. He is even mentioned in the criminal Zatarra insider trading and market manipulation network paper leaks. Have a look for yourself, he is called the wild card.

[tradertrev] 07/1/2020 15:55

More twit than tweet, or maybe another vowel should be used...

[redalert] 07/1/2020 15:35

FYI Muddy Waters tweeted at approx. 14:40

[marcu saurelius] 07/1/2020 15:21

Looks like cash call on cards

[winsome] 07/1/2020 14:53

They generated over half a billion in cash in 2018 and by August they had $400m on the balance sheet to invest and presumably generated a lot more since and they did say they had enough funding for the forseeable future. (Which makes MW a laughing stock).

Doesn't stop him regurgitating same old baseless claims this afternoon - predictable response and no basis for them.

I'm picturing very likely strong results in March and if followed by said US listing then a strong re-rating as US buyers come onboard

[ozzmosiz] 07/1/2020 14:52

Classic fishing exercise by dropping so vigorously

[bristol97] 07/1/2020 14:50

And what the hell is happening now ?? Back to the 670's !!!!

[adnan17] 07/1/2020 14:12

Burford have confirmed no new equity will be raised. Hence, no shares will be sold for cash. I take this as a positive sign and a sign that Burford do not currently need further cash.

[adnan17] 07/1/2020 14:11

The most likely operational way in which the US shares will be listed is Burford Capital or directors of Burford Capital or Market Makers (such as JP Morgan / Morgan Stanley) that already own shares in Burford Capital will sell a portion of their ownership onto the New York Stock Exchange.

[winsome] 07/1/2020 13:18

Am I right to assume that once they list in US then some of the AIM shares will be transferred to US market as they are sold by UK shareholders? Excuse my ignorance re this matter. If so, then a whole new set of buyers are coming into play that will dwarf the number of UK shareholders eventually and create a hell of a lot more demand in general for the shares.