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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Burford Capital Limited | LSE:BUR | London | Ordinary Share | GG00BMGYLN96 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
3.00 | 0.24% | 1,259.00 | 1,253.00 | 1,257.00 | 1,276.00 | 1,252.00 | 1,268.00 | 57,635 | 16:35:26 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Unit Inv Tr, Closed-end Mgmt | 1.39B | 610.52M | 2.7883 | 4.50 | 2.75B |
Date | Subject | Author | Discuss |
---|---|---|---|
25/3/2021 03:32 | That IC article seems quite hostile.The main criticism seems to hark back to the devastating impact of the MW attack on the shareprice.We've had this discussion before.If investors are going to be scared and shaken out by spurious shorters,that's not the company's fault.They rebutted the so-called report,made governence and board changes and listed on the NYSE. The more troubling accusation in the IC article is the fall of 6% in operating profits.Ok.Did they not mention that after $8 million dollars related to listing and other regulatory expenses,cash to pay staff and keep the lights on,finance costs,and cash to manage the funds,which,the company anticipates,will produce fees ( I think they mentioned circa $50 million) at maturity,that the company produced $ 249 million in operating profit. Why didn't the IC mention that? That's money available for investing in new cases.Why no mention of that? Without mentioning it,they go on to talk about the proposed issuance of loan notes.The inference being,to this reader at any rate,that Burford has no cash for new business and so must keep going to the debt markets to feed a nasty cash deficit. Not so. They made $249 million operating profit. They have an SWF that contributes ( at present) most of the cash to get just a slice of the profits. They are raising money,as they do,in an opportunistic fashion,not having raised anything in the last couple of years. It suggests to me even greater ambition to add to the growing portfolio. The IC article is certainly capable of being misinterpreted. Why so negative? Finally,the company,as we know,eschews forecasts. But let's play. On the projected EPS quoted by the IC from 'some brokers',for 2023 of $2.36 ,I make that,on a P/E of 30 ,just over £50. I think it's an underestimate. | djderry | |
24/3/2021 21:23 | Continuing to dig into the numbers, acceptance rate for 2020 was 4%,as impressive as ever. | djderry | |
24/3/2021 19:28 | djderry - thanks for your positive and insightful summary. However, I don't buy the "business for sale" angle. It would be like Picasso selling his painting business. fwiw I am long here since 2017 | compo62 | |
24/3/2021 19:27 | Wow! - hold - bullish! | tradertrev | |
24/3/2021 18:58 | As positive as ever:IC:Burford plays to a new audienceThe litigation finance specialist's US listing could affect future dividend paymentsFrom Aim to the New York Stock Exchange: Burford Capital's (BUR) ascent through the equity league tables is the sort of journey bourse bosses like to crow about. Yet with its share price still trapped below the level it first sank to after a damaging 2019 report from short seller Muddy Waters, the litigation finance house is less of a poster child for growth than a warning about market exuberance and volatility.Naturally | lomax99 | |
24/3/2021 18:29 | Except the share price has crashed after a short seller said the Co. was corrupt, and the share price has never recovered IN 2 YEARS and many shareholders are looking at 70% losses. Peterson is always jam tomorrow, and maybe/probably never. Not my idea of a winning combination. And all the main figures were minuses, not by much but nonetheless ALL of them. | rar100 | |
24/3/2021 17:43 | Like many others,I listened to the conference call and examined the slides.I've just listened to the entire call again. Lots of stand-out points.The growth in the overall portfolio in a pandemic year is nothing short of real outperformance.As mentioned,this,in a year of substantially lower deployments and much higher realised gains is a tremendous result. For those asking about recent performance,you are getting a really positive indication when they indicated some 140 million of unrealised gains.The timing may be uncertain but,as we've seen year on year,that cash ( and ,of course, substantially more) comes in. For me,that's a key indicator of continued success. Management,as ever,impressed.Howev What odds a flood of offers from PE? Of course,the key takeaways included, not just being in a great business,not just being the best of the best in that business ,but the best brand, best underwriting team, proprietary database and added value fund management and ( free) ongoing advice to clients. A winning combination. | djderry | |
24/3/2021 15:15 | An impressive list of new executives joining the company in important markets around the world | dekle | |
24/3/2021 14:36 | Likewise I didn't see anything on that Just that cash/new case in H2 was around 2019 levels | williamcooper104 | |
24/3/2021 14:34 | Would just mean I pay stamp duty on my far too frequent trading in the stock | williamcooper104 | |
24/3/2021 14:12 | The undrawn commitments are roughly equal to year end cashEven if only 16 percent of those typically crystallise in any one year we are still not swimming in cash, especially as Bur will want to fund a lot of the uncommitted capital commitments - again wondering why they are bothering with the divi given that equity is going to be hard to raise, and debt is both risky and expensive | williamcooper104 | |
24/3/2021 14:08 | Great set of accounts in terms of presentation/ease of use The cash bridge for the year and since inception notes are very useful Net asset growth of 11 percent looks a bit pedestrian If we adjust profits for amortisation and US listing exceptionals I get to a P/E of just over 10Price to book we seem to be 1.09 and 1.98 adjusting for Peterson | williamcooper104 | |
24/3/2021 13:27 | These are good results but unfortunately nothing here that is going to revive the share price any time soon. For that we need to see some big case wins come through, but probably have to wait for the H1 results for any news on that front. More patience needed I'm afraid. | riverman77 | |
24/3/2021 12:35 | Was there a suggestion of a move to the main market? | dekle | |
24/3/2021 12:30 | Shares trade at 11x P/E on earnings from a pandemic-affected year with no contribution to those earnings from Petersen. Petersen in for nothing IMO. | tradertrev | |
24/3/2021 12:28 | Unless I missed it can't see any reference to recent trading (eg any big case wins in Q1). That was the main thing I was looking for as we already knew the figures. | riverman77 | |
24/3/2021 12:27 | Given they have listed on NYSE, not sure a move from Aim to main market, would add anything further. | bjfanc | |
24/3/2021 12:27 | I think the other key thing is the level of gains in the funds which the results say pave the way for "significant future performance fees". A quick reminder, the funds are all on a waterfall, so the clients get repaid their investment before BUR gets any performance fee, but then they get 20% of any excess. So getting past that initial threshold is key to quite chunky fees coming back. | donald pond | |
24/3/2021 12:26 | What a great situation where we have more potential customers(litigation | dekle | |
24/3/2021 12:16 | CEO/CIO contracts extended at no increase to remuneration. Commitment to spend more than $2m of 2020 bonuses on buying shares. Like that. | tradertrev | |
24/3/2021 12:15 | Results out of the way,now comes the bond issue. I suspect that they have all the book building done well in advance. | djderry | |
24/3/2021 10:27 | “ quintuple your money “, dream on. Burr is a dog with highly questionable management, Petersen will evaporate and relying on Russian oligarch’ ex wives isnt much of a base for a business, and its another “ woodford winner “ with all the connotations. This will drift down to the low 5’s and stay there, all this AIM stuff ends up back where it started....why do you think its still on AIM?? | porsche1945 | |
24/3/2021 10:04 | This company is like a lottery ticket with high winning chances, but nobody knows when the numbers will be drawn. Sooner or later poeple will be wishing they had bought more lottery tickets at the current prices. I have maxed out what I am willing to invest here. But funamentally, BUR would still be worth more than its current market capitalisation even if Perterson does not print, but I would expect the share price take a hit regardless. It is ridiculus that its PEG is below 1 for a company that is growing and not distressed. Should be 2 or 3 imo. While I am happy to have identified this early, I do hope that people will notice ;) As risk worth taking. Quintuple your money with little risk is not that common. | lazg | |
23/3/2021 22:18 | Or a cough cough splutter whimper as usual | hatfullofsky |
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