Burford Capital Share Discussion Threads

[loglorry1] 04/5/2021 10:24

Always good to have a massive long shot in the hopper though.

Pull back today looks like a bit of profit taking after a big run up. Looks healthy enough to me.

[donald pond] 04/5/2021 10:23

That's potentially as big as Petersen. Not sure how easy enforcing against the Congo is but there you go

[lomax99] 04/5/2021 09:34

Good spot Chester9, thanks.

[chester9] 04/5/2021 09:23

https://www.sundanceresources.com.au/irm/content/company-updates.aspx?RID=468

[chester9] 04/5/2021 09:21

It's about Burford funding a 9 billion law suit against state of Congo. Price was due a City shake. Congo thing will take years but 20%? It's what they do.

[syoun2] 04/5/2021 09:19

If it goes to court it will start Jan 2022 (if no further delays). If there’s a settlement agreed out of court which 90% of cases are then that could happen any time from today up to end of year. That’s my understanding.

[tnt99] 04/5/2021 09:13

No new news there then burford Peterson case delayed till 2021 by the argies which was what the main man told us in his latest video

[tnt99] 04/5/2021 08:33

There they go all shorts out then up up and away hope Gladstone lost it's shirt lol

[loglorry1] 03/5/2021 09:40

I'd prefer a huge short interest still there to get squeezed.

[syoun2] 02/5/2021 19:15

I noticed Gladstone reduced there short position again on Thursday from .86% to .77%. It’s the last short left over.5 % . So just need them to reduce below .5% and no further public reported shorts. Happy Days

[three black crows] 01/5/2021 13:40

Nice work Jerry, long term is the game with Burford, Burford is the true master at compounding growth.

[djderry] 01/5/2021 11:13

As a long term investor,I find it all so amusing.As one who never sold during the MW assault,but,of course,added,my overall Bur portfolio is up over £200K in the last month.
But what has changed?
Nothing,really.Those of us who said Bur is completely undervalued understand nothing has changed.
Those of us who understand the business know that the company is invested in the same portfolio of cases.
That MW issued an erroneous list of unfounded accusations cobbled together so as to scare investors,wiping a billion pounds of imvestor's money has not changed.
The villification in the press has not changed.While the FT said in an unrelated piece this week that Bur brought unwanted attention to the sector regarding its valuing of cases (no,you just didn't read Bur's detailed methodologies which have been proven by cold hard cash realisations for over ten years now)and for being involved in divorce cases ( no,it is involved in a High Court judgement enforcement)to its sister publicatio,the IC,which in its 24 to 31 March edition advised its readers to 'hold' Bur at £5.99,to buy various other companies on PE ratios up to 60 and,in one case,96! and extolled the virtues of cryptocurrencies.
A company which is completely undervalued is just slightly less so.

[jockthescot75] 30/4/2021 16:15

Tnt - filtered

[tnt99] 30/4/2021 14:48

Great news hope all my reddit fans are making money up up and away

[jeff h] 30/4/2021 13:20

Insights from Jefferies (price target 1,150p):-

Recap of recent news: The successful completion of governance changes announced in 2019 comes on the heels of several other positive developments:

FY20 results: Although the P&L bore no surprises after the trading update, the strong rebound in deployments in H2 2020 was positive.

High conviction in the largest investment: The doubling of exposure to Burford's biggest investment by funds deployed also appears positive. At H1 2020, the top investment was $90m (of which $38m from the balance sheet) in three related cases.
At the full year, the same investment had grown to $197m ($83m from the balance sheet) in 19 cases. This indicates confidence. If it is related to the c. $140m FV gain taken in H2, there will also have been a material legal milestone in the matter.

Steinhoff: The announced settlement with shareholders will be positive for Burford, which has funded some of the claims. Burford's exposure is unknown, but even if it is not substantial, the development is positive and indicates that the larger, post-2016 recent investment vintages are maturing.

Asset recovery case: A win for Burford's client in the English High Court should make recovery easier and is another example of more recent investments progressing.

[loglorry1] 30/4/2021 12:33

I think (and I'm no expert) that the ADRs were sold by YPF and in their terms they essentially give the same economic effect to holding the common stock. There are some other inferred rights too like voting etc. However I suspect there may be some subtle differences like your rights to compensation if nationalized!

There's likely to be case law to say what should happen in this case if it isn't made explicit in the terms of the ADR.

I confess I've not looked deeply enough at this.

[lazg] 30/4/2021 12:31

Burford Capital picks industry veteran as CFO
Apr. 30, 2021 7:07 AMBurford Capital Limited (BUR)By: Khyathi Dalal, SA News Editor

Burford Capital (NYSE:BUR) trades 1.6% higher premarket after appointing 35-years industry veteran Kenneth A. Brause as CFO, effective May 3, succeeding Jim Kilman who was appointed in August 2019 to serve for up to two years.

Mr. Kilman will spend a three-month transition period with Mr. Brause before returning to his Senior Advisor position wherein he will continue to provide strategic financial counsel to the company.

Most recently, Mr. Brause was CFO of OnDeck Capital.

[lazg] 30/4/2021 12:16

Does anyone here habe access to the "Global Consumer Litigation Funding Market" report?

[1aconic] 30/4/2021 11:24

Thanks Scuba. I'm not a holder of MANO and only follow them for industry overview. I wasn't aware of that differentiation with insolvency cases in the UK. Good to learn something new. Not sure if it applies in the US or not. I think whether aspects of Spanish and Argentine law will be applied to certain aspects is still up for grabs too.

LogLorry: Yeah, the ADRs do make a difference but hopefully not too much. Unless I'm mistaken, they're marketed as being identical though aren't they. So far they seem to be one of the biggest advantages. Being US listed ADRs was the core rationale for why Judge Preska ruled that the case should be tried in the US. They were traded in USD not ARS and so the argument for Pesos does seem pretty thin too.

Plenty of elements still up for wrangling in the case. Agree that settling appears most likely option on the balance of everything so far

[compo62] 30/4/2021 10:42

My initial buy was in April 2017 - with a meaty top-up in July of the same year. At £9.76 it was the "last chance to buy BUR under £10"

I wonder...

[syoun2] 30/4/2021 10:37

963 is the highest it’s been since the fall so just another 1% to go and clear sky all the way

[syoun2] 30/4/2021 10:34

Breakfast, lunch & dinner included

[tnt99] 30/4/2021 10:16

Up up she goes all aboard the burford express next stop no 15