Burford Capital Share Discussion Threads

[stock surfer] 23/3/2021 22:10

Okay Chaps and Chappettes. The fuel tanks are loaded, seat belts are on, tomorrow.. we go to the moon!

[bogman1] 23/3/2021 21:07

Lol. Value will out in the end. So hold tight

[saltraider] 23/3/2021 20:41

My expectation ... by any rational objective assessment, the results will be stunning. The share price will drop 3 or 4 percent.

[saltraider] 23/3/2021 20:36

No ... our best days are yet to come. Patience! (And not the Neil Woodford way :-))

[rar100] 23/3/2021 20:05

You lot make me suicidal now...

[tradertrev] 23/3/2021 18:20

Patrick Moloney talks baloney. Typical excessively bullish Australian ramper, who pretends to be conservative. Listening to him sounds just like that bloke who used to run Camco Clean Energy/RedT Energy (into the ground).

[scubadiverr] 23/3/2021 17:38

A line straight out of Bogart's book. He said the same about wanting competition to educate and make the market about a year ago

[djderry] 23/3/2021 17:32

I just spent an hour listening to Litigation Capital Management's presentation on their results.I won't bore this BB with the details.However,in the Q and A,Patrick Moloney was asked what competition he was seeing in the corporate portfolio space from Lit's peers.He replied he wasn't seeing any competition and went on to bemoan the fact that there would be room for six funders in that space and it might go someway to educating the market.

[williamcooper104] 23/3/2021 17:30

Probably - any post balance sheet events Indicative of current trading/deployment likely to be of most interest - but equally unless it's notable bad unlikely to move the sp

[bogman1] 23/3/2021 17:24

Reckon it will have little effect. Unloved we are at the moment.

[time_traveller] 23/3/2021 17:22

£6. Cos that's the only price it knows.

[williamcooper104] 23/3/2021 17:11

Up a pound on announcement in the morning and then in the afternoon down a pound

[rar100] 23/3/2021 16:48

Well it ain't been that exciting really .....

SP Target - The results will be fantastic, folk falling over themselves to buy in after reading, so by mid afternoon, £8.50, end of day 10.00, next day £12 by 9am then the moon as you rightly predict

[stock surfer] 23/3/2021 16:36

Been a very quiet few days on this thread! Where’s everyone gone! Burford to the moon!

[stock surfer] 23/3/2021 16:35

Ok - results tomorrow. share price Target?

[djderry] 20/3/2021 12:33

It's a fairly strange article insofar as it relates to Burford.It's critical of Burford's fair value accounting,( without being explicit) on the basis that Burford's auditors/legal advisors increase the carrying value of cases ' because they can.'
No,they do so, firstly because they are required under IFRS rules to value them ( as fairly as is possible).
Saying they do so 'because they can' suggests it's arbitrary and subjective.
This is not the case,FV adjustments only take place when a judicial (or other) milestone is reached,or a judgement is delivered ,an appeal is rejected/accepted etc.
Outside auditors also examine a sample.
Of course,as always ,the proof is in the pudding.And here again,it gets stranger and stranger.The author seems to praise one of the other companies for writing down a good portion of its FV increases,as if this were laudable?
And then they fail to mention that Burford has almost never had to do so,has been extremely conservative ( as shown by subsequent realisations) and historically has done so in the final year or so,of most of the cases where a FV adjustment has been made.
It should have also pointed out that most cases have seen no FV adjustment throughout their lives.
And then,of course,the elephant in the room.The Petersen matter is produced.
Almost 800 million of FV gains on the balance sheet!
With no explanation.
With no information.
With no attempt to explain the methodology.
With no reference to over 200 million in sales to third parties.
It's poor journalism,in my view.

[time_traveller] 19/3/2021 16:48

It was nothing of particular opinion or news. Just usual illogical IC weasel words. Even the free Shares mag (with ajbell) is better than the IC nowadays.

[scubadiverr] 19/3/2021 16:44

Use Bing search engine to search "IP Group premium could soon return"

[rar100] 19/3/2021 16:43

Donald,
So in plain English, what does your pasted article say - that the Argies are just playing stalling games?

[rar100] 19/3/2021 16:40

They didn't mention Burford in the bit I saw, but I havent got a subscription so maybe didn't see the whole thing?

[tradertrev] 19/3/2021 11:49

I see the Chronic Investor has contrived another opportunity to smear Burford in an article tipping IP Group:
So when Burford marks Petersen to the value of a transaction involving the sale and purchase of 15% of the investment, that's apparently dodgy, but when IP Group does this repeatedly involving typically smaller transactions that's absolutely fine.
Words fail me.
No doubt the upcoming content of this article was trailed.

[djderry] 18/3/2021 14:08

Maddox,thanks for your gracious reply.In future,I'll just howl at the moon!

[maddox] 18/3/2021 12:49

Hi dj,

That's very kind of you - no offense taken; and I have high regard for your opinions, that are always very welcome - whether contrary to or in agreement with mine.

I think we're all a bit frustrated with the yo-yo share price performance atm.

Regards Maddox

[tradertrev] 18/3/2021 08:55

Amazing how high BUR's beta is when the returns of the business are completely uncorrelated. Up to the short attack it (rightly, in my view) had a negative beta, but ever since has been perceived as very high risk. When the shares were above £15 one could make the case that there was high valuation risk, but that no longer applies down here. The conclusion to my mind is that the shares are still too loosely held by short-term traders and haven't yet found their way into long term institutional hands - an ongoing process.