Burford Capital Share Discussion Threads

[compo62] 09/2/2021 17:59

kazoom - spot on! That's 45 for the Dark Lord himself x3 for the 3 terms he should have had. I will now buy only in multiples of 135, until the Deep State has been brought down

[kazoom] 09/2/2021 16:28

Just off the top of my head, but maybe something to do with spread-bets?

They sometimes result in strange deal sizes.

Otherwise it might be a message from "Q".

[dekle] 09/2/2021 16:15

Just noticed today so many trades in multiples of 135? 270, 405, 540? Wonder why? Any clues?

[1aconic] 04/2/2021 06:49

Re Jaguar: Napo was one of the central themes of MW so they gave quite a detailed timeline following that: The agreement was quite complex with some shares Jaguar was supposed to sell at an agreed price vesting into extra ordinary shares if they couldn't (they couldn't, so BUR got another $8m in cash and BUR got a chunk more shares). BUR sold $625k of stock in 2018. There have been a load of reverse stock splits since so it would probably be far more effort than it's worth to calculate the current value (unless it's a straight forward 10% holding but I haven't seen that anywhere) but it seems likely only to be a few million at best.

[scubadiverr] 03/2/2021 21:47

I saw you were annoying the LIT thread with RBGP. I had to give you an up vote! You'll be pleased to hear RBGP was also upgraded to a super stock, but you know that already without the help of stocko, especially if you saw the webinar earlier today :)

[scubadiverr] 03/2/2021 21:43

*Stockopedia data.

[scubadiverr] 03/2/2021 21:42

It's algorithm led and rates stocks on the factors of Quality, Value and Momentum. Because the price has fallen the value has increased. With all 3 factors now being better than average the rating is upgraded to super stock, the best catagory as backed up by stock data. The price fall still hurts today so not really much of a consolation!

[stentorian] 03/2/2021 21:20

2017 Annual Report pages 23-24:

"Jaguar Health
We have repeatedly commented on the increasing complexity of Burford’s investment
transactions, and the Jaguar investment is an example of both investment and accounting complexity – but also an illustration of our success in turning complexity into profit. Jaguar is a NASDAQ-listed pharmaceutical company. Burford
provided financing in connection with a litigation matter involving one of Jaguar’s predecessors.

In the end, Jaguar was not successful in the litigation although it did succeed in using the litigation to reach a desirable non-financial settlement. The structure of our investment and of Jaguar’s subsequent corporate changes have
led us to be paid a sum of cash in 2017 that more than recovered our invested capital with the remainder of our return coming in the form of
a series of complex equity transactions that now leave us holding around 6% of Jaguar’s voting common stock along with rights over a further interest in the company (collectively worth approximately $6 million at the end of 2017).
Because Jaguar is publicly traded in an active market, we are obliged to mark our equity position to market, which in 2017 caused an unrealised oss of $6.95 million as the stock price declined from a formulaic deal price at which our equity
interests were initially issued (which we are reporting separately as “net loss on equity securities” on the income statement). Stocks like Jaguar are notoriously volatile in the US equity markets and we expect the potential of continued
market price volatility for so long as we hold this position, which will have non-cash earnings impact. Some of our interest in Jaguar remains locked-up and we have not yet determined our path forward with respect to the investment, but
every incremental dollar for us from this investment will be pure profit as we have already recovered our invested capital and a cash profit from our
initial investment."

[williamcooper104] 03/2/2021 21:17

They got it as part of a settlement - came out in the MW attack From memory they'd either written it off or had conservatively marked it It was their only equity position They'd also taken a land holding at one point

[dekle] 03/2/2021 21:07

What was the story on why BUR has been made a super stock?

[rar100] 03/2/2021 20:02

glad someone does...

[scubadiverr] 03/2/2021 19:48

Stockopedia has upgraded Burford today as a Super Stock!

[rar100] 03/2/2021 19:46

Tradertrev,

Burford own 10% of Jaguar Health? please excuse my ignorance but why?

[tradertrev] 02/2/2021 23:45

Do we still own 10% of Jaguar Health? I do hope so, given that they appear to have tripled in price since the beginning of this year. Even better if we sold them when they had quadrupled in mid-January.

[time_traveller] 02/2/2021 09:41

They did say a while ago that they intended to reissue some debt. So that could be the reason, although I'm not sure that requires a trading update? Generates some enthusiasm for it, I guess

[kirkie001] 02/2/2021 09:38

I wonder what the reason for the mid Feb trading update is? By mid Feb, the audit should be 90% completed... So I wonder if they're putting KPI information for the FY out into the public domain in order to allow them to do a debt issue or something, either before the results release at the end of March or concurrent with it?

[donald pond] 02/2/2021 09:17

I suspect there are going to be lots of legal cases arising out of RobinHood and hedge fund insolvencies. Could be tailor made for BUR

[tradertrev] 02/2/2021 08:24

Yes, and it was this price 12 months ago so unchanged over a year. Not sure what your point is?

[gettingrichslow] 02/2/2021 05:40

Remember this was at 280p around 10 months ago. So up over 125% in under a year!

[williamcooper104] 01/2/2021 17:11

Sorry trading update - not results

[williamcooper104] 01/2/2021 17:11

FWIW I think a pop after the results and then a slow deflation - we've all seen the same groundhog movie here

[rounder2] 01/2/2021 17:08

£8 within a month of results on Feb 17th

[whilstev] 01/2/2021 11:49

I think you will find that the share price is above where it was 6 months ago !!!

[porsche1945] 01/2/2021 11:28

Advised you guys to dump this pile of sxxt 6 months ago, got loads of flak, you are delusional, boy did I call it right, there really is little to invest in and they will never see a penny from Petersen. Another “ woodford winner “. Sell and buy S&P index ETF’s when they dial back a bit, make 10pc a year and sleep at night.

[alfredomega] 31/1/2021 00:08

Every pig (MW) gets its San Martin's Day.