Burford Capital Share Discussion Threads

[scubadiverr] 19/10/2020 17:37

How can I monitor NYSE price?

[gettingrichslow] 19/10/2020 17:26

Up almost 9% on NYSE now...

[bogman1] 19/10/2020 17:26

Nobody mention that the diff in price should be down to $ vs £?

[old fool2] 19/10/2020 17:08

I think ADVFN are slow to update NYSE:BUR try tomorrow it might be there. I have tried on IG and no luck!

[epo001] 19/10/2020 16:51

Now showing up in my IWeb ISA.

[1aconic] 19/10/2020 16:19

I'm guessing the drag on LSE currently is probably just complications trading on the LSE? Otherwise arbitrage possibilities would close up that gap between the current NYSE quote (albeit with a 15 minute delay on my feed for that one) and the LSE one

[bamboo2] 19/10/2020 16:05

Anyone know the ticker to get the NYSE:BUR to show on an advfn chart?

I have tried BRFRF, BRFRY, NYSE:BUR, etc

[alter ego] 19/10/2020 15:51

RNS just out says
"Burford shares started trading on the NYSE at 9:30 AM ET today following the completion of the transition of its share register to the US, establishing the company's dual listing on the NYSE and London Stock Exchange AIM. In both listing venues, Burford shares are quoted under the stock ticker BUR with the new ISIN GG00BMGYLN96."

HL are showing the stock under the ticker BURL not BUR. Confusing.

[williamcooper104] 19/10/2020 15:41

I'm seeing a 25p arb (I think)

[hatfullofsky] 19/10/2020 15:29

7.7% up is a good start, low volume though 30k

[kaos3] 19/10/2020 15:16

no - because different prices of the trades at the same time. hence one can in theory orbitrage - which then brings the prices back together in % terms and value

[syoun2] 19/10/2020 15:10

Surely % change should be similar in both markets

[kaos3] 19/10/2020 15:04

it is just real bid/ask on each market in local currency + reported trades

computer feed

[chanson] 19/10/2020 15:03

They synch through arbitrage

[smose] 19/10/2020 15:03

not sure whether HL has the same chart? current sell 726.40 buy 737.60 - up 6.4p (+0.88%)

[dagoberia] 19/10/2020 15:02

IG now shows 2 lines for BUR, one for aim one for nyse. Currently sell 9.90 buy 10.26 on the nyse. I asked the IG guy how does it update both lines , if it's based on the real time exchange rate he said it would be close, he didnt really seem to know exactly which mechanism is used

[syoun2] 19/10/2020 15:00

Anyone know how the two markets sync. Up 1.25% in UK & 6+% US. Not idea how this works

[kaos3] 19/10/2020 14:58

9.45 on my screen - delayed

[bramcych] 19/10/2020 14:53

Up 6.6% already

[kaos3] 19/10/2020 14:48

I can not see any US trades yet - despite seing other US trades - market is open

[onup] 19/10/2020 14:43

NEW YORK, Oct. 19, 2020 /PRNewswire/ -- Burford Capital, the leading global finance and asset management firm focused on law, today announced that it has successfully listed on the New York Stock Exchange (NYSE), becoming the first ever legal finance firm to be publicly traded in the US and the first dual listed ...12 mins ago

[stentorian] 19/10/2020 14:42

ii have resumed trading in BUR on AIM - 6p spread
ii US market TIDMs are BRFRF and BRFRY

[maddox] 19/10/2020 14:40

Both EQI and AJBell weren't available to deal this morning. Chased both up - AJBell have sorted themselves out and hopefully EQI are on the case. If you are considering trading you might like to check out your platform just in case.

[brexitplus] 19/10/2020 14:36

BURFORD CAPITAL BEGINS TRADING ON THE NEW YORK STOCK EXCHANGE

NYSE-listing is a first for the growing legal finance market

Burford Capital Limited ("Burford Capital" or "Burford" or "the Company"), the leading global finance and asset management firm focused on law, today announced that it has successfully listed on the New York Stock Exchange ("NYSE"), becoming the first ever legal finance firm to be publicly traded in the US and the first dual listed company in the legal finance industry.

Burford's listing not only marks a milestone in its own history, it also brings increased visibility and accountability to the global commercial legal finance market. Legal finance is increasingly relevant given economic pressures that make businesses eager to contain costs, conserve cash and maximize profitability , and as commercial disputes typically rise following a downturn, the need for finance will increase.

Since its launch in 2009, Burford has achieved notable success in identifying and monetizing legal claim assets-the core skillset of legal finance. It has worked with Fortune 500 companies as well as 93 of the AmLaw 100 and 89 of the 100 largest global law firms, providing financing for fees and expenses associated with commercial disputes as well as monetizing claims and awards, and has built a $4 billion portfolio. A recent example of Burford's activity is the $75 million monetization of a pending claim for a Fortune 100 company that enabled it to optimize cashflow and offload legal expense risk.

Burford shares started trading on the NYSE at 9:30 AM ET today following the completion of the transition of its share register to the US, establishing the company's dual listing on the NYSE and London Stock Exchange AIM . In both listing venues, Burford shares are quoted under the stock ticker BUR with the new ISIN GG00BMGYLN96.


Christopher Bogart, CEO of Burford, commented :

"This is a proud moment for me, Burford's co-founder Jonathan Molot, and indeed for the whole Burford team. Our NYSE listing exemplifies our culture of excellence, innovation and providing solutions to clients as the leading global finance and asset management firm focused on law. We are, once again, at the forefront of our sector, and our listing is evidence that legal finance is a sophisticated tool that plays an important role in the legal landscape. Our new listing will increase the pool of investors able to invest in Burford's shares while more broadly raising our profile in the US capital markets, which may in time lower our cost of capital. For our clients, this listing gives them further proof that working with us means partnering with a gold standard finance firm that is open and transparent about its operations."

[old fool2] 19/10/2020 14:29

Try here for Burford prices in US