Burford Capital Share Discussion Threads

[scubadiverr] 19/11/2020 23:15

I guess holding offshore also a possibility although are unsure of tax etc. Something I need to look into as if these 5% arbs keep appearing it will be lucrative. I used to Arb sport bets and a 2.5% Arb was considered a gift and then you were limited to smaller bets to limit risk of a voided bet and attempt to avoid scrutiny to preserve the account. Accounts still never lasted.Only limit here is the capital available to employ.

[williamcooper104] 19/11/2020 22:50

I can tell you the most expensive way - HL - 1 percent fx when you buy and 1 percent when you sell IB give you interbank/very close to it on currency and also charge US dealing fees - which are next to nothing (think actually nothing at moment)

[scubadiverr] 19/11/2020 22:40

C. 5% difference. Would make a nice Arb. Can anyone advise on the cheapest way of holding the US equity in a UK account?

[maddox] 19/11/2020 21:37

Yep, its like playing snakes and ladders - the NYSE hauling BUR up the ladder only to see it slip down the AIM snake immediately on opening.

[scubadiverr] 19/11/2020 21:20

US closed at 10.60, equivalent to 7.99 sterling. Volume of 55,700 so down on yesterday. Still a 2.9% gain on a day we ended 1.9% down.

[time_traveller] 19/11/2020 21:08

I think someone said before the listing that the BUR NYSE/AIM market is pooled in some way ... but the price action seems to indicate otherwise.

[maddox] 19/11/2020 20:28

Good question syoun, I know that it has both MM and automated trading but how in practice it functions tbh I haven't got a clue. Anyone got a good understanding to share?

[syoun2] 19/11/2020 20:09

Maddox, the volume is higher in the US that I realised. I guess none of us know how each system calculates price but one question I have if you know the answer does US have market makers like we do or is it all automated. Thanks

[syoun2] 19/11/2020 20:04

Can anyone tell me if I subscribe to level 2 data do I see US transaction as well or do I need to subscribe to both markets.

[lazg] 19/11/2020 12:35

The volume was 700% of the average for two days in a row, with 230k yesterday and the day before. Thats shy of 2 million pounds, so noteworthy.

[scubadiverr] 19/11/2020 09:53

And it was more meaningful volume yesterday. Hopefully a sign of things to come

[maddox] 19/11/2020 09:01

US close was ~ 780p so up 6p on UK close.

[lomax99] 19/11/2020 08:24

Usual morning mark down, on little volume.

[syoun2] 18/11/2020 22:22

I think it’s a bit more complex that what you’re saying. Anyway a good week or so on price but do remember nothing has changed. I still think we’re a 9 months to a year off from real sentiment changing. I think we have a great chance of good returns ahead.

[williamcooper104] 18/11/2020 21:34

Yep - but the volumes coming from that aren't moving the share price either way

[maddox] 18/11/2020 21:19

I don't think I'm too far wide of the mark - looking at the comments on this board - we've heard quite a lot of pain from disillusioned investors. As the share price has been languishing many will have lost patience and sold-out, taken the loss and moved on, others will still be on board. As they approach their break-even, the question is will they sell, hold or buy more?

[williamcooper104] 18/11/2020 21:18

Exactly - Woodford/Inveso mattered - retail bids much less so

[kazoom] 18/11/2020 20:55

Interesting thought Maddox but, in my view, probably not a big factor.

It is true that you can quite read, on bulletin boards, comments along the lines of "I am really disillusioned with this stock, I'm going to sell just as soon as I get back to break-even".

It seems to me though that there is probably very little correlation between this kind of thinking and managing a large portfolio!

[maddox] 18/11/2020 20:45

I'm wondering whether all those investors in BUR that got in at higher prices and have been nursing their losses are going to come with us or sell-out? They are probably now regretting not picking up shares between 500 and 600p. But it's not too late. We're shaping up to break through the resistance and into the 800p+ territory.

[syoun2] 18/11/2020 17:23

I’m fact it’s appears US very low volume so not sure it’s having any effect at the moment

[syoun2] 18/11/2020 16:32

I agree price definitely strengthened from 1.30pm onwards however just because it vapid a in the afternoon it doesn’t mean it’s the US unless I’m missing something. Be interesting to see how it performs when UK closes.

[maddox] 18/11/2020 14:47

Hi syoun,

Just have a look at today's intra-day share price chart - you can see what I'm seeing.

Regards, Maddox

[donald pond] 18/11/2020 12:39

Worth saying the vaccine should be positive for BUR, with courts and law firms getting back to usual but a load of litigation likely to result (already there's a lot about insurance claims and whether they should cover Covid).It will be interesting to see how newsflow and PR works from here: we got an update in January this year, so will we get one in 6/8 weeks time?