Burford Capital Share Discussion Threads

[three black crows] 04/9/2021 06:27

Getting Rich Slow, this is a point I have thought about a lot, can't seem to understand the full complexity of share prices or how they suddenly swing in price one day then odd movements another day. What is probably more important is how much did the big investors pay.
I know Mitaq Capital was in about £5.25

[gettingrichslow] 04/9/2021 00:07

It’s actually an interesting question - how/why did the market value BUR at c.£18-20 for well over a year, when at the time there was much smaller level of deployments, smaller cash realisation, no US listing etc etc?

[rar100] 03/9/2021 11:33

onup1

I had 2 lots of shares in BUR, one lot in an ISA and one lot in a trading account, I sold out of the ISA when the share price was about the same as my average cost price so broke even. The other lot still has to break even...long way to go so I will hold for now in hope that the snails pace of recovery (to my mind) speeds up a bit.

Maybe there will be something good in the interims...hope eternal and all that

GLA

[three black crows] 01/9/2021 18:31

Nice and steady in US, seems to be stable on recent gains.

[onup1] 01/9/2021 18:00

Rar thought you were Out

[rar100] 01/9/2021 12:59

Please excuse my ignorance but after the recent RNS, are we expecting anything new and hopefully positive in the interims on the 9th Sept.?

I had a 'those were the days my friend' moment the other day, I found a shopping list in an old jacket pocket not worn for years, on the reverse side was half an A4 printout of my portfolio, BUR share price was 1811.00 up 66p on the day. Fevertree 2970 up 71p, Future 803 up 9p.

So BUR has many more cases now etc. etc. and yet it struggles with £9 share price Funny old world. mind you the RNS was like another shot in the foot by BUR.

Bag of crisps offered for correct date of BUR share price at 1811. GLA

[syoun2] 31/8/2021 19:54

Should say I don’t know if court backlog is effecting Peterson, probably not but other stuff for sure

[syoun2] 31/8/2021 19:50

But dates could still be pushed back I think he said on his last call. Not definite but possible. I think most important thing is that courts start to get through backlogs so settlement can happen. There’s has to be pressure to settle otherwise no need generally.

[syoun2] 31/8/2021 19:46

Thanks as well for the dates

[tradertrev] 31/8/2021 18:11

Awesome, thank you.

[1aconic] 31/8/2021 17:57

No problem:
Fact discovery closes 27 Aug 21
Status conference set for 7 Dec 21
Expert discovery due by 31 Dec 21
Motions for summary judgement due 20 Jan 22
Oppositions to summary judgement due 3 March 22
Replies in Support of summary judgement due 31 March 22
Trial May 2022

[tradertrev] 31/8/2021 13:37

Thanks 1conic, any chance you can post a link to the current timetable, or copy/paste it?

[prokartace] 31/8/2021 11:09

This looks like a more sustainable rally compared to the April-May one. Slower and more sensible. Maybe test the years high in about a weeks time

[1aconic] 31/8/2021 11:01

They've been moved back. The status conference is now in December.

[tradertrev] 31/8/2021 09:24

Could the current share price strength be due to Petersen activity? I found diary entries showing a Status Conference due to take place yesterday and Expert Discovery due this coming Friday. Not sure if this timetable slipped from when I made a note of these.

[tnt99] 28/8/2021 13:04

Get on the train to double your money station

[scubadiverr] 27/8/2021 21:42

No, you need to look at the BUR NYSE listing separately on here to get an aggregate.

[syoun2] 27/8/2021 20:06

Does anyone know, When you look at the volume on this site does it include US transactions. I’m assuming it does but I don’t know that for certain

[syoun2] 27/8/2021 20:02

If you trust the company/ guys running it then this is normal stuff to ensure you get the best people and best results. It’s in there interest as we know ( they own over 10% of the company) I think the wind direction is changing so on any news that’s good which we know is coming the price will take off

[lazg] 27/8/2021 19:07

Gettingrichslow: the news is not that bad imo. Yes employees get a share but that should motivate them. I think this is a minor thing. The directors have lots of shares and will want them to move up. Not worried there.

[galatea99] 27/8/2021 15:44

I have always thought that the best way to resolve the YPF case, given the complete mess all round at present, would be for a future right-wing government to reprivatise YPF to a new fully Argentine-owned corporation floated on the BA Merval, with the general public having a stake through being alloted shares at preferential prices ("Tell Sid!") but with no State involvement whatsoever, restructure all debts, reach a settlement with Burford and others as part of that restructuring and for YPF to thus have a fresh start free from the useless, grasping, corrupt politicians. Not only would that free up what should be one of their drivers of economic growth but it would also keep YPF in Argentine hands, thus fending off accusations of selling out once more the "crown jewels" to foreigners while also allowing Argentina to access once more international financial markets.

Nothing but Friday afternoon musing, unfortunately. Argentine history tells us that kind of sensible solution would never be adopted, the rot is far too deep already, there are too many bodies buried all over for those in power to do anything like that.

[gettingrichslow] 27/8/2021 15:25

This is now up 24% since the recent low in July - just shows how difficult it is to read, given almost everyone on here seemed to think the recent update was bad news!

[loglorry1] 27/8/2021 13:01

@donald I hold YPF bonds in size. I think what you write is not quite as nailed on as you might think. YPF is 50% owned by Argy state and is Argy state controlled. If YPF paid it would need a Argy state bailout to do so. They are drowning in their own debt and most of the cash flow they produce is to service and roll over that debt. As for taking foreign assets of YPF good luck with that one there really aren't any to get hold of.

[donald pond] 27/8/2021 10:00

Remember though that the legal case is against Argentina and YPF. YPF does have an income of over $20bn a year and it may be easier to get the money off them. Remember that any dollar payment anywhere in the world is subject to US law, so it could become near impossible for YPF to carry on.