Burford Capital Share Discussion Threads

[scubadiverr] 12/2/2021 11:58

Smart money? The WSB crowd pumped and dumped a dud.

[ptolemy] 12/2/2021 11:56

Burford Capital - Canaccord Genuity raises target price to 637p from 570p. Raises to hold from sell.

[muckedboy] 12/2/2021 11:06

Sebastian Maril on Twitter: "La que se acaba de armar en el caso por la expropiación de YPF."

[lazg] 11/2/2021 22:04

This field has a lot of potential. And we may need to spread the word if we want the share price to reflect our sentiment. DD write-ups on WSB or r/investing and stockwits are the play if we want smart money to notice us.

[devalpha] 11/2/2021 20:44

This comment caught my eye more than anything else from the half year report. I'll be looking at full year cash receipts with interest.The combination of robust cash receipts in 1H 2020 and the significant level of receivables generated during 1H 2020 puts Burford on track to generate cash receipts from its first half activity at a level consistent with most full years, without taking into account additional realisations and cash proceeds in the second half.

[djderry] 11/2/2021 19:58

I look forward to the business update.
I'm interested to see any update regarding new deployments.
There was a collapse in new deployments in H2 as companies rightly went into survival mode,focusing on the health and safety of their employees and customers.
The pandemic is still raging.
Leaving the health/life/death issues aside,I am sceptical about the belief that it will automatically lead to more litigation.My sense is that companies are cautious and still coming to terms with the effects of the pandemic.
If management could give some colour as to any nascent pick up in new deployments,that would be helpful.
However,it's important that their rigorous due diligence is not in anyway relaxed.I do not want them to scale up at the expense of the portfolio quality.
There are reasons to be optimistic however.
In the last results,there was circa 50 million of unrealised/fair value gains.
Most uninitiated investors ( and MW and their ilk)view this as a negative.
On the contrary,I see it as cash coming in and I'll be interested to see what progress has been made.
While the pandemic will naturally act as a brake and disruptor of business ( and lives),there remains several drivers of growth.
The overall growth in the litigation finance industry is continuing,with many of the smaller players following the Burford playbook,such as in portfolio financing and fund management.
As more companies become familiar and comfortable with litigation finance,I suspect growth will come not just from pandemic inspired litigation but from the many historical issues which heretofore have not been litigated.Burford's research has shown many companies 'sitting' on cases worth many millions,unsure as to outcome,duration risk,etc.
As companies realise the value of these 'truffles' as it were,and the risk free nature of Burford's non- recourse finance,I believe the golden age of litigation finance will become clear.

[rar100] 11/2/2021 18:02

Remembering the share price at £9 and over a period of 2 years or so steadily getting to just over £20, the level now twixt £5 to £8 seems insignificant so I'm not really interested, the volumes are very low and I guess that gives a lot of the volatility.
I don't think many in the US know of Burford or maybe it's that MW's assertions of dodgy accounting by BUR is still remembered and people don't trust it. The financial press here FT etc. still slang BUR off at every opportunity. It's just not recovered to anywhere near to what it was a couple of years ago. Shame!

[tradertrev] 11/2/2021 14:25

BUR said they would probably move to an LSE premium segment market listing if they weren't able to get the dual listing on NYSE. Having achieved the NYSE listing I doubt very much they will migrate the London listing from AIM to LSE.

[rar100] 11/2/2021 14:08

BUR have another opportunity to bolster their reputation on the 17th with their trading statement, we will see if and how they manage that...

[rar100] 11/2/2021 14:03

I thought BUR were going to move to the main market after listing in the US, thought I read that in one of their rns's.

[nigelmoat] 11/2/2021 13:21

Free market movements of share price here......or something else? Of course value plays out in the end but surely this needs to move to a main market listing?

[prokartace] 11/2/2021 08:53

What now stoxx?

[time_traveller] 11/2/2021 08:47

Care to elaborate?

[stoxx67] 11/2/2021 08:16

these chumps are absolutely useless, moving from one disaster to another !!!

[lomax99] 11/2/2021 08:12

Ho hum, normal service resumed....

[rar100] 10/2/2021 19:03

I thought it was both, the non disclosure of data etc. just made matters worse for BUR, not many would think the LSE & FCA are corrupt (like I do) so losing, in a way made MW's case stronger. As a LTH with BUR and down 57%, it's only strong results and good publicity that's going to change things. I think they could do a lot more to improve their image and reputation but they don't...Maybe the Reddit crowd could bet on them!

[hatfullofsky] 10/2/2021 18:56

Nasty late trade unless it's a delayed buy.

[tradertrev] 10/2/2021 18:00

rar I think you might be referring to BUR's case against the LSE, not the FCA? It was truly bizarre that the judge decided it was against the public interest to expose the trading data to see who was doing what, when and where, in BUR shares on the LSE.

[rar100] 10/2/2021 17:38

Not many folk know of Burford or indeed Lit. Fin, and when a newbie discovers BUR for whatever reason, they will look at the long term chart and think it pretty odd, then further research will uncover the MW attack - questioning BUR's accounting. Not many would know of BUR's fightback, the case against the FCA etc. (and the FCA being toothless at best and probably corrupt and couldn't afford to let BUR win as it would set a precedent - and the FCA would be toast)
The Peterson case - too unlikely, great if it happens but....
So there has to be a blitz of good info on BUR, good results etc. published in financial journals/press to move the share price The share price needs to move north consistently for a few months, not do what it has been doing since MW.
Hopefully the start will be in 7 days time, BUR's update...who knows, maybe they will make a good job of it...

[bogman1] 10/2/2021 15:49

Hilariously it was Cannaccord who got me lumbered with this stock. Lol

[lazg] 10/2/2021 15:22

Canaccord, one of the bigger bears on Burford, updated their sell recommendation to a hold.

[chockabloke] 10/2/2021 15:11

Optimism around trading update next week?