Burford Capital Share Discussion Threads

[time_traveller] 04/12/2020 13:11

I would hope for some reversion back towards 750 to 800 - after all, in the past two weeks it has become about 15% cheaper, relative to everything else!

[riverman77] 04/12/2020 12:53

It feels like it's going to drift around the 700p mark until we get any new announcements. Hopefully something before the FY results otherwise it will be a long wait. I note MANO regularly report on big case wins, so not sure why BUR can not also be a bit more forthcoming.

[lomax99] 04/12/2020 12:42

Down on low volume again, tempted to top-up.

[time_traveller] 04/12/2020 12:38

Using the times as a mouthpiece to whine about a court ruling against them, looks dubious to me. (quite apart from how it makes the times look)!

[wolstencroft] 04/12/2020 11:27

That article was nonsense. Has anyone ever got divorced or gone through the court process for a financial remedy order? Barristers go in fighting for the very most they can get for their client. Was dragoperia's paste actually written by a lawyer - if so the argument was very poor legally. It sounds like he lost his argument as was appealing to a debate and policy and the fact that it may be illegal in other juridictions, and not English statute.

[tradertrev] 04/12/2020 09:14

Based on past form I'd expect FY results to be either 10 or 17 March, assuming auditing timelines have reverted to normal. They sometimes provide an update of some sort in January, but this is far from guaranteed.

[donald pond] 03/12/2020 21:10

I've been listening to the new market wizards book and a recurrent theme seems to be that chart patterns are becoming less and less reliable, largely (reading between the lines) because algos are programmed to take advantage of them, so they will know people are waiting to buy in when things look like breaking out, and so will sell at that point, knowing also that people have stops that will get triggered if the breakout fails that they can then buy back from. It's an interesting theory.So my experience in increasingly that the longer the timescale, the better the charts work. You want to think in weeks and months rather than minutes and hours.

[bamboo2] 03/12/2020 20:39

TBC, yesterday I thought price would find support around 750. In retrospect, you're right, it could drop to the low 700's. 750 is the upper level of the support zone, with approx 700-715 the lower level. 50sma is 717 and rising.

[three black crows] 03/12/2020 20:16

Bamboo, did you mean the share price was going to take a turn up or down when you posted the other day ? I am not a chartist but if you look at the last 6 months, ie the peaks and troughs, it seems to be due for a down turn, wouldn’t surprise me if it might go as low as 700 and then rise back up this would be in line with the trend

[bamboo2] 03/12/2020 18:42

syoun, some have suggested this before. I'm sure it is possible. I guess those using charts will see the same support and resistance zones, sma levels, patterns etc. So much for my forecast turn! Zooming in I can see it does span the two trading sessions 2-3/12/2020, so will have to wait for eod close tomorrow to see if it confirms then. If not I might restart my buy and hold experiment. Still need to add to the position, so could be a good thing! ================== I have noted an intermittent problem with the advfn mid price based charts. On daily candles they sometimes omit some days! It means plotting dates for trendline apexes into the future can become inaccurate. At first I thought this problem was because of US market holidays, but discovered yesterday that it randomly affects different stocks. I am not sure why this is, but in future I will only post info from the Tradingview last market price based charts.

[dagoberia] 03/12/2020 16:33

Does anyone have a clue when FY results will come out? Jan? Feb? I did email robert bailache beginning of November, but he answered: "We have not yet confirmed the timing of our FY20 results disclosure."

[dagoberia] 03/12/2020 12:28

So the author of the times article used to represent Temur.. lol

[williamcooper104] 03/12/2020 11:34

Burs involvement is post divorce and just on judgement enforcement - they are not funding the actual divorce settlement litigation With no funding the financially weaker party has little chance of realising a judgement order

[scubadiverr] 03/12/2020 10:29

Clearly a vested interest. So those without the financial resources shouldn't be able to enforce a judgement against the better resourced partner and I presume the son should be encouraged to subvert the will of the court and benefit from working against his mum? The poor son, his only home being a 30m home.

[time_traveller] 03/12/2020 10:19

Was it in "letters", it looks written by a vested interest? Anyway, wrt divorces, I'd rather burford avoid.

[williamcooper104] 03/12/2020 09:41

Link doesn't work and couldn't find it when I searched the Times web site

[dagoberia] 03/12/2020 09:39

But isnt this divorce case a tiny part of BUR's portfolio?

[lomax99] 03/12/2020 09:38

More bilge from the Times, little volume, suspect MM's just playing games. Headline different to main paper issue, where the headline on page 21 reads 'Billionaire's son told to return or face prison'. Allegedly he is returning to the UK, the court hearing is adjourned until next Monday.

[dgdg1] 03/12/2020 09:22

hxxps://www.thetimes.co.uk/article/litigation-funding-has-no-place-in-britain-plhx88wqc may be having an effect, I can't see the whole article, could someone who has access to it please post the article? Thanks

[onup] 03/12/2020 08:44

Due consideration of all points of view prior to judgement means less chance successful appeal ?

[syoun2] 02/12/2020 19:57

Serious question. How much do you think charts play into buying & selling behaviour. I’ve started to learn some about charting and wonder if it drives behaviour because that’s what they tell you will happen next. Interested in your view

[time_traveller] 02/12/2020 19:36

It's a pity she's gives it the time of day.

[maddox] 02/12/2020 19:24

The NY Court, has twice already rejected the case being moved to Argentina, and strongly signaled the interest of The NY Court in seeing it heard in NY. Frankly, flogging a dead horse doesn't come close.

[bamboo2] 02/12/2020 17:22

Lovely bit of consolidation around the rh armpit of the possible INVH&S. Started buying in around 750ish on the potential turn. gla