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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
  0.00 0.0% 595.00 592.00 593.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 276.0 170.1 73.1 8.5 1,301

Burford Capital Share Discussion Threads

Showing 21151 to 21173 of 21575 messages
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DateSubjectAuthorDiscuss
16/12/2020
13:20
I agree with the expectations of zero news flow this side of the results announcement. Two things which might change that, perhaps.... - A pre-close update of year end cash balances, which perhaps talks about cash recoveries in H2; - I seem to remember a secondary market transaction in Peterson immediately before a period end a couple of years ago (can't remember whether this was HY or FY). Now with the trial discovery process ongoing, I would have thought that to be exceptionally unlikely - but you never know. I'd also expect a further tranche of debt issuance at the end of Q1/start of Q2 2021 - capital market conditions should be pretty benign given US election results, Covid vaccine and Brexit. Although that's obviously absent any "new" shocks....
kirkie001
16/12/2020
13:19
William: I guess that goes back to the age old "how do we value this company discussion". Personally, I don't currently believe that valuing BUR using NAV is the best way (especially when considering non-ypf investments) but I definitely listen to arguments for that approach and the market does seem to be broadly taking it currently. My own reading is that given BUR's (debatably) conservative mark up policy on live investments, that NAV potentially grossly underestimates the value of the current portfolio and almost entirely ignores the scope for growth by reinvesting proceeds. It's on that basis that I say peterson has essentially zero value attributed in the share price even if there's some on the balance sheet. But it all comes down to subjective case valuations... because of my own background, I think probabilistic expected value calculations are a reasonable way (despite the subjectivity inherent in them) and will (hopefully) be used as part of BUR's appraisal of potential cases.
1aconic
16/12/2020
12:56
William, how much is Peterson valued currently? I don't have the figures at hand.
lazg
16/12/2020
10:51
A few months ago when the share price was at or below NAV ex Peterson FV then there was zero value attributed to Peterson
williamcooper104
16/12/2020
10:50
Peterson has a considerable book value and Bur is currently trading at a premium to NAV - so there's clearly some value/quite a lot of value ascribed to Peterson - a successful outcome will generate proceeds much greater than current value but that's what you would expect
williamcooper104
16/12/2020
10:44
rar, I'm surprised you're still here - thought you would have left the room after the NYSE listing. Given the moves the share price has actually made in the last few months you're clearly looking for insane out-of-this-world movements in a tiny space of time. If that's true, in BUR's case the unmissable elephant in the room is obviously the Peterson case. Given your aspirations, instead of posting nonsense about LSE listings (anybody who's paid the minutest attention over the this year would know that's simply not even on the table now that the NYSE listing went ahead) and asking why the price isn't up this week or next week, it would probably make more sense to spend your time following the peterson case developments as closely as possible. One credible *theory* to explain part of the recent downturn would be Argentina having been granted a 90 day extension for discovery... in truth, nobody knows. Obviously peterson is just one element of the bigger picture and there are plenty on here (including myself) that believe that peterson is being given virtually zero value in the current company valuation. However, developments that make that apparent to the wider world may take longer than you appear to have patience for...
1aconic
16/12/2020
04:50
As the company continues to collect cash as outlined in the last results ,I would not be surprised to see a redemption of the 2022 bonds.
djderry
15/12/2020
23:02
Rar, do you have a ruler in your house? If you do, get it on to the 3rd chart at the top of this page and you’ll see it’s a fairly straight line upwards from late March until now. What more do you want?
gettingrichslow
15/12/2020
20:50
Are you short?
lomax99
15/12/2020
20:32
You've been here long enough to know that a full LSE listing was only if they didn't secure the NYSE listing, which of course, you know they did.Volumes on the NYSE can be checked on here. Search BUR and both the AIM and NYSE will be available.
scubadiverr
15/12/2020
18:37
It would be good to read views on why the share price is stuck in this narrow band for so long. Is there any news about BUR listing on main market in London, (like when is that to happen). The trading volumes are very small in the UK for a long time, is there more action in the US? Any answers and views welcome.
rar100
15/12/2020
15:53
there's an echo in here
alter ego
15/12/2020
14:58
Thanks for reply Jeff H.
achenaton
15/12/2020
14:24
Thanks for reply Jeff H.
achenaton
15/12/2020
10:31
Thanks for reply Jeff H.
achenaton
14/12/2020
21:35
Sebastian maril tweeted this earlier "In a week we will have several news in the case for the expropriation of YPF: - What happened to the Petersen companies' locked Discovery. - Decision on Burford Capital's request to reject the hiring of new lawyers for YPF (Debevoise & Plimpton)."
glawsiain
14/12/2020
16:49
Anyone got access to Bloomberg Law? This report mentions Burford's Nick Cooper but a subscription is required to read the full thing. hxxps://news.bloomberglaw.com/class-action/fruit-snack-maker-beats-suit-alleging-fiber-claims-deceptive
1aconic
11/12/2020
11:52
It seems all we can hope for is a trading update one morning..
dagoberia
11/12/2020
10:41
https://www.google.co.uk/amp/s/www.law360.com/amp/articles/1336211 Would anyone know whether or not Burford has any involvement in this? Thanks
achenaton
10/12/2020
17:56
This share price is impossible to understand. Algos are crazy.
lazg
10/12/2020
16:13
I've always thought that Peterson would be the big payday for shareholders PE always looks to get management on board with promises of huge carry The best counter is to ensure that management get same benefits while being listed - and screw the corporate governance crowd crying about executive pay I invested in Barcley homes when they rejected going private and put in an incentive structure that gave management the same pay outs as PE would
williamcooper104
10/12/2020
15:49
As stated previously, Chris Bogart has said on many occasions that the greater transparency they enjoy (!) as a listed company is a source of competitive advantage. I've definitely suffered from undervalued private equity takeouts (PAYS was the most egregious example) where management get bribed to steal the business from shareholders, but don't personally worry about that here. I would hope that if/when Petersen eventually comes in, that would trigger a sizeable distribution to shareholders. Whether that's buyback, tender offer or special dividend would depend on the share price at the time.
tradertrev
10/12/2020
15:03
One of the companies I've been invested in ( Applegreen) is being taken over by management and private equity,about 50% up but it's worth another 50% more.It's extremely disappointing in many respects.The value on offer was obvious.But that value has been obvious since its IPO, several years ago.My point is ( finally) Burford is a sitting duck for a similar outcome.The weaker the sp,the more compelling the rationale.We need some defence against it.In general,I prefer the company to invest in its portfolio.However,the case for a substantial share buy-back is,in my opinion,growing. My fear is one morning to see an agreed deal at £14 or £15 quid and we miss out on all the future growth.
djderry
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