Burford Capital Share Discussion Threads

[scubadiverr] 09/9/2021 22:57

https://seekingalpha.com/article/4454385-burford-capital-limited-bur-ceo-christopher-bogart-on-q2-2021-results-earnings-call?mail_subject=bur-burford-capital-limited-bur-ceo-christopher-bogart-on-q2-2021-results-earnings-call-transcript&utm_campaign=rta-stock-article&utm_content=link-0&utm_medium=email&utm_source=seeking_alpha

[lomax99] 09/9/2021 22:47

Anyone have a transcript? I seem to recall a suggestion that waterfall fees on a particular fund could potentially be quite lucrative.

[donald pond] 09/9/2021 21:07

I listened to the call. All very positive but nothing particularly new

[jockthescot75] 09/9/2021 20:07

Am out of office / home today and didn’t make investor call. Any comments at all? Thanks.

[riverman77] 09/9/2021 12:41

Adds nothing from what was already provided at last month's trading update. Can't see any mention of recent trading since end of June. Will listen to call later to see if anything new comes up there.

[onup1] 09/9/2021 12:39

Positioning for jam tomorrow , record investments of capital , chairman says " to become larger more highly valued company"

[syoun2] 09/9/2021 12:33

Next RNS director’s purchasing

[syoun2] 09/9/2021 12:13

Must be synchronising a big communication with other sources. I hope …

[syoun2] 09/9/2021 12:09

Very strange

[donald pond] 09/9/2021 12:09

Waiting for Petersen to settle???

[tradertrev] 09/9/2021 12:08

8 minutes late (and counting)?

[dgdg1] 09/9/2021 12:06

Are the results meant to be out now? I can't see them

[williamcooper104] 09/9/2021 09:08

Yeah - makes no sense I really appreciate getting results before the market opens not least as I've a long and liquid lunch today Means you'll get some instant share price moves on the headlines; which may change once people/bots actually read the results It's putting unnecessary volatility into the market

[kirkie001] 09/9/2021 08:57

I still find it fairly appalling that they have changed the results release time to midday.

That means there's 3 hours where the UK market is trading and open but without the results being known - when they are most certainly available.

They're still releasing before US opening - so why move it from 7am?

Pretty sure most other dual issuers release at 7am. Think HSBC might do it at 8 or 9am...

[donald pond] 09/9/2021 08:23

Given that results are out at midday its not surprising people are waiting. There's a 6p spread at the moment too so the headline price is misleading.

[lomax99] 09/9/2021 08:19

Normal share price action resumes, down 1% on not even one thousand shares traded.

[nigwit] 07/9/2021 11:53

Prices rise when most investors think they are going to rise further and vice versa, There are any number of intertwined drivers and no-one calls it right every time.

[1aconic] 06/9/2021 09:21

Donald is spot on. Forget effient market theory, share price is determined by sentiment over anything else. Just look at Tesla, every bio-tech start up with zero revenues valued in the billions, etc, etc). A section of the population that included fund managers (notably Hargreaves Landsdown) were buying BUR simply because it was the latest hot stock; everyone was raving about BUR and the price was going up. Most people didn't care about understanding it and bought anyway. The upside of that is BUR did a fundraise and got a nice cash injection at those prices which has since been put to work for shareholders that still hold. The "hot stock" crowd have disipated and it takes time for that to be replaced by more considered buyers. As others point out, there was also forced selling and sections of the market seem to have switched to valuing by NAV.

If your intentions are long term rather than looking for a short term profit, gotta do your research and place your own bets on what true business value is without using share price as a guide. Over the short term prices are driven by sentiment but over the long term the market generally recognises true business value.

[williamcooper104] 05/9/2021 20:26

Probably more meat on the bones on the 9th but doubt there's anything hugely new I think it was GIC who bought the £18 placement and I don't think they've sold down That was a powerful signal at the time Alas the more prophetic one was management off-loading half their equity

[rar100] 05/9/2021 19:56

well repeated William...
And in my experience of AIM stocks it happens much more there, BUR as a stock on AIM (never mind the complexity of it) isn't that odd. Great shame though!
I believe the sovereign wealth fund paid top dollar at the time - £18, I think but could be wrong there, wonder if they are still invested...
Should we expect anything new on the 9th or has it all been said in the last RNS?

[williamcooper104] 04/9/2021 12:11

Check out any number of US tech/hydrogen/EV stocks Markets can be irrational and can be as Keynes said, irrational a lot longer than you can stay solvent :)

[onup1] 04/9/2021 11:37

Dont strain anthing

[donald pond] 04/9/2021 09:11

I think you can come to 2 very different valuations on BUR: one if you treat it as an investment company and look at NAV, the other if you see it as a trading company and look at profits and the rate of growth. We've probably moved more from the latter to the former. Also, most people had no idea what they were investing in, most obviously Hargreaves Lansdown, who said as much when they sold shortly after the MW attack. Finally, Woodford and Barnett were still in vogue then and may have been incremental buyers all the time as their funds received new subs. When their funds started struggling they became forced sellers. In the end, a slight but lengthy imbalance between buyers and sellers can have a huge effect on the share price.