Burford Capital Share Discussion Threads

[sbb1x] 17/2/2021 20:10

#gkp is excellent for trading as there is no stamp duty and in a massive upward trend because of oil hitting 52 week highsGKP- NO STAMP DUTY

[qs99] 17/2/2021 20:02

Any broker updates anyone seen? Thanks

[williamcooper104] 17/2/2021 19:33

Wish I'd bought the bonds on the MW crash

[time_traveller] 17/2/2021 19:09

At least the bonds ticked up on the update.

[williamcooper104] 17/2/2021 18:32

There's been a pretty consistent premium to the NY price Was delighted that interactive brokers gave me the NY ones even though I'd wanted the U.K. listed ones Don't think there's any withholding tax on the NYSE listed shares

[dgdg1] 17/2/2021 17:28

Now back up to 693p in New York, if you think that the price on AIM tomorrow will still be about where it closed on AIM and not in line with NY (as it was this morning) then I suggest you arbitrage by selling in NY now and buy on AIM tomorrow at the open. When NY opens the prices will become the same. I would do it but I'm worried (probably I'm being too cautious) that the price tomorrow will be the NY price.

[donald pond] 17/2/2021 16:53

They have $336m of dry powder so are well covered.
The big news here is that they have increased income by 100% once you take YPF out of the equation. So, take YPF away and you have a $2bn company making $230m a year profit. Add in YPF and you have a one off case worth between $4-12bn on top of that "steady state" company.

[dekle] 17/2/2021 16:44

Doesn't sound like they need more funds as there isn't enough new opportunities at the moment

[riverman77] 17/2/2021 16:26

Not especially surprised by reaction given past form on this share. It always spikes then falls back. Yes it was an impressive FY update, but almost all the good parts came from H1 so was already known about. There was little in way of new realisations in H2. Granted there was an uptick in new cases and you have to acknowledge the covid impact, so probably neutral overall for this particular update. Could have been better could have been worse. Don't get me wrong I think this should be double its current price but I think that will only happen when we see some further big wins come through, hopefully in next H1 results. So further patience needed.

[rar100] 17/2/2021 16:09

Oh dear, back to situation normal

[hatfullofsky] 17/2/2021 16:06

Flipping frustrating

[qs99] 17/2/2021 16:01

Looks an odd reaction IMO....new business "snapped" back H2 that is quite a statement iMO....through in the reinstatement of divi as sign of confidence, albeit not payable until June.....any broker updates anywhere? DYOR

[saltraider] 17/2/2021 15:58

It does seem like there is an attempt being made to shake-out weak and nervous holders ... to catch out cautious holders who have set fresh stop loss limits ahead of the update, in case it turned out to be bad news.

[ozzmosiz] 17/2/2021 15:52

So the evils can mop em up cheap

[onup] 17/2/2021 15:49

Usual ..excellent news ,,sp goes south ,,,,why

[1aconic] 17/2/2021 14:56

I re-read one of his books last year and was thinking the same for most of it. Except for one key criteria... must be a simple and easily understandable business. Falls down a bit on that one. In the unlikely event he did buy in I think we'd see a dramatic increase in the accessibility of reporting!

[extrader] 17/2/2021 14:45

Buffett ?

Absolutely ! High moat, quasi- monopoly, litigious culture - with lots to be litigious about....

Only downside is that, with so many lawyers already in the legislature, it might be vulnerable to some kind of anti-cartel 'squeeze' ?

IMO

[williamcooper104] 17/2/2021 14:41

It's just too small for buffet - he'd need to buy whole company to make it interesting

[time_traveller] 17/2/2021 14:36

Ha ha! It's an interesting thought. It needs some sort of jolt, stateside... But I'd prefer something like maybe Buffet starting to invest here - I've often thought it's his kind of bag (albeit a bit more esoteric than his usual)..

[rar100] 17/2/2021 14:30

had quite enough of attacks and not enough investment

[williamcooper104] 17/2/2021 14:27

Best thing that could happen is another high profile short attack to get US retail interest

[rar100] 17/2/2021 14:25

The Reddit thing is interesting, boy I hope that crowd pile in...

[...]

strong statement - very strong

I hope the US opening is nothing short of blistering for the share price (without the pop)

[ozzmosiz] 17/2/2021 14:23

1 and 5 year chart looks like it's going the right way though

[scepticalinvestor] 17/2/2021 14:17

Not quite the reaction I was expecting on those results lol

[djderry] 17/2/2021 13:24

Phenomenal.Really impressed with the 2020 outcome.
It's been an amazing pre-lim result ( with the caveat of unaudited for now.)
Where to begin?
I was hoping there might be some glimmer of growth in new committments.To hear that ' activity rebounded' in H2 is superb.
I will,of course,want to be reassured that the same rigorous due diligence was applied.
The concluded case ROIC since inception comes in at a stonking 92%.This is incredibly impressive.
Realised gains were superb,as was the collection rate.I had many concerns as to the impact of the pandemic regarding defendants' ability to pay.Those concerns are put to rest here.
The liquidity position of $336 million dollars,the phenomenal ROIC and the uptick in new business means bond holders will be queuing up to get a slice of the action.
Congratulations to the team of professionals at Burford.