Burford Capital Share Discussion Threads

[jockthescot75] 27/10/2020 17:01

Rar100 - if you’re not complaining about the hourly share price movements, it’s something else. Pretty tedious for the rest of us.
This is not about Chris Bogart and the IR team speaking to magazines. This is about getting some senior US capital on board and that is I’m sure where they are focussing. These things are not achieved over night, and nor will your seemingly expected immediate price hike to average you out breaking even.

I’d politely suggest that if you have so many frustrations, sell up and get onto IG Index and go short.

In terms of asking others to enquire about PR, have you actually tried calling Rob Bailhache. That’s his job, and I’ve always found him very helpful.

Jock

[williamcooper104] 27/10/2020 15:05

It's a great company but the complaints on this board are mainly from frustrated long term holders And just because someone is short doesn't mean they are wrong Overheads are low - though their employees are not cheap :) Personally I'm reasonably happy - we are trading at a small NAV premium and have had a great set of results I never thought that we would get to £20 within months (.personally i think it's 3-4 years absent a big win on Peterson) - I'm fine with that as bought in now at below £5

[lomax99] 27/10/2020 15:03

Set yourself free!

[rar100] 27/10/2020 14:48

LazG

I agree with your comments, especially your bottom line...

I'v seen the PR to US Law firms/Law journals and the like (some of them) but is there much coverage in financial press generally, i.e. to PI's in the US
I first bought into BUR from a very positive article in Investors Chronicle here in the UK,(I know it's not great now) I guess that there are similar mags in the US, but is BUR's PR getting over to them? I think a lot of us thought that the large population of the US was going to help in PI's getting involved - but if they don't know about BUR, it's a relatively small circle of law in the US that would be aware of BUR.
I've always questioned what PR BUR actually has and never got an answer.
Anyone want to contact BUR and ask?
I'm still holding but blimey it's drudgery for a long time now...

[carlos7z] 27/10/2020 13:45

The negativity here seems to be generated wholly by shorters, only interested in making a buck by generating misery. This is a strong company, cash rich (what overheads besides office space???) Muddy Waters claims shown to be nonsense, its about time these shorters were shown the door, not helping anyone, least of all the hardworking employees.

[lazg] 27/10/2020 11:20

@ Dj: it really depends on the kind of investor you are. I totally agree with you if you are in it for the dividents or whatever your plans may be.

But this forum is for everyone, not only long term investors. So, while the stockprice may not be important to you, others may want to discuss it. I think you should not be gatekeeping this forum.

There is room for short term, mid term and long term investors.

I for one, think that Burford is quite undervalued, so props to you for buying more shares. I am happy to see it in the green, and would only be tempted to sell at 20 pounds.

Having said that, I hope to see 20 soon...

[djderry] 27/10/2020 11:02

The share price doesn't matter.Obsessing over the share price doesn't matter.Spending precious moments of one's life looking at share prices improves one's life not a jot.Unless,of course,one is about to buy or sell a stock.Speaking of which,I was happy to add,again this morning.( Holding well over 50,000 shares at this stage).
I've been saying the same for years ,but here goes;Often,and in the case of Burford ,almost always,the share price has little or no relationship with the fundamentals of the business.Secondly,the price of the share varies for reasons that have nothing to do with the business.Thirdly,bleating and moaning about it makes no difference.( The corollary is also true,hyping and ' pumping' the company makes no difference.)
Long term investors understand this.If you are not a long term investor,you shouldn't really be here.

[syoun2] 27/10/2020 10:18

Results are every 6 months and if US have more than 50% of share ownership Burford will then consider quarterly results.

[williamcooper104] 27/10/2020 10:09

Pulling the listing would have looked terrible We are just back to beta I'm less disappointed with the US listing as I didn't expect it to be transformational (and I got a lucky trade with IB giving me US shares), the more relevant thing is the last set of results which were the best in the last few years

[lomax99] 27/10/2020 10:05

I do not see any benefit to having delayed the US listing.

[epo001] 27/10/2020 10:01

Nobody could have foreseen the pandemic before last winter but there must have been time to pull the US listing. I think they were desperate to draw a line under MW. Regardless they could, and should, have spotted the US election date. It is what it is, for the time being UK shareholders are no worse off.

[three black crows] 27/10/2020 09:43

Burford didn’t plan to list during the pandemic, they had been planning the listing for some 2 years prior. I’m not sure wether this is an unfortunate time or not. Stock markets have been turning negative but I feel we are entering better times.
US election out of the way next week, a lot on hold with this.
A Brexit deal will get sorted in the days. The pandemic although peaking and looking uncertain, a vaccine will come soon. Burford share price has recovered well since the low in March, 280/300, mustn’t forget that ! It’s not doom and gloom, when you look at the detail it looks very positive

[williamcooper104] 27/10/2020 09:35

The Democrats are usually pro-litigation so don't see any regulatory crack down after the election either

[epo001] 27/10/2020 09:19

Any sort of listing during a global pandemic might seem risky as well. BUR needs to raise its US profile, the next set of quarterly results might help in this.

[time_traveller] 27/10/2020 08:59

This is starting to look like a lesson in how NOT to dual list - 'half-hearted' is not a good sell in the US, and this "listing by osmosis" trading is looking dysfunctional. I hope it sorts itself out - many investors would steer clear of random 15% swings. Dropping down from the NYSE listing date is perfect copy for usual FT bashing headlines. More vulnerable than ever to a lowball MBO/PE takeover, IMO

[lomax99] 27/10/2020 06:36

Https://news.bloomberglaw.com/daily-labor-report/california-state-bar-opinion-on-litigation-funding-could-have-sway

[rar100] 26/10/2020 19:36

hmmm well I suppose I shouldn't be too surprised at the damp squib reception in the US, but I am, I thought we'd be doing better than this - by a mile... :-(

[johnwig] 26/10/2020 12:00

BTW, jonwig, you haven't chosen the very brightest posters to support you. One or two of them only realised yesterday that you and I are not the same person! Give THEM the sack and not the clever honest posters.

[porsche1945] 26/10/2020 08:38

@ hatfulofsky

Why would “ the yanks “ be “ loading UP ‘ on a pile of steaming sxxt like Bur?? Just becos it’s listed there doesn’t mean anyone will buy it, look at all the other stuff that woodford got listed there, it has died a death.

[bamboo2] 25/10/2020 13:43

alter ego, thanks for pointing that out.
johnwig filtered

[johnwig] 25/10/2020 13:32

Ironically, I have already been pm'ed by three separate posters saying that they wished to post in support of my remarks but can't, because they have been prevented by jonwig!

[alter ego] 25/10/2020 13:16

don't be fooled. 19931 is johnwig not jonwig

[kaos3] 23/10/2020 10:52

there is a cost related to the London - NY transfer. this cost is a price range delta. if larger than that - arbitration opp kicks in