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BUR Burford Capital Limited

1,243.00
-9.00 (-0.72%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  -9.00 -0.72% 1,243.00 1,251.00 1,255.00 1,283.00 1,249.00 1,266.00 389,149 16:35:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 326.08M 30.51M 0.1393 90.02 2.75B
Burford Capital Limited is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker BUR. The last closing price for Burford Capital was 1,252p. Over the last year, Burford Capital shares have traded in a share price range of 535.50p to 1,387.00p.

Burford Capital currently has 218,957,218 shares in issue. The market capitalisation of Burford Capital is £2.75 billion. Burford Capital has a price to earnings ratio (PE ratio) of 90.02.

Burford Capital Share Discussion Threads

Showing 21976 to 22000 of 25975 messages
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DateSubjectAuthorDiscuss
26/1/2022
16:14
Thanks donald. Would the grant of leave to appeal be more likely under a summary judgement, or no different to trial?

Thoughts on settlement with government bonds? I'm sure Argentina would love to delay the pain until after next year's presidential elections (especially if it passes the buck to the opposition), and it may be attractive to burford (appropriately discounted), as being fairly liquid and easy to value?

time_traveller
26/1/2022
16:05
Well yes, I assume we apply for summary judgment. It is a notoriously high hurdle and in the US you have to show that there is no material dispute as to any matter of fact and that there is a remedy provided for in law.
So for Petersen, I'd have thought the case lends itself to summary judgment. Their case will be that the bye-laws set out what would happen to the shares in the event they were appropriated by the state, they were appropriated by the state, therefore there is a breach of contract and they are entitled to judgment. I'm not sure what argument could be put against that.
The argument may be around quantum, as I understand that can be interpreted in many ways: is it the value of the shares when Argentina seized them? When the market heard Argentina were planning to seize them? In dollars or pesos? What interest rate should apply (remember, the US default rate is, I think, 9% pa, so will have doubled the original claim amount). But an application for summary judgment with quantum to be decided later seems the obvious route to take

donald pond
26/1/2022
14:19
No Summary Judgment first?
divmad
26/1/2022
12:25
Off to trial!
donald pond
24/1/2022
15:38
Think there's a few ETFs - but nothing as far as aware as the classic CBOE futures - never quite understood why you can't actually trade spot VIX Euro or S&P 500 based volatility indexes should capture same Putins tanks/no fed put blow up theme
williamcooper104
24/1/2022
14:52
Is there a uk listed vix security?
divmad
24/1/2022
14:35
I usually buy the near expiry futures to try and limit contango /negative effective yield
williamcooper104
24/1/2022
14:32
My portfolio hedges have been long VIX, SARKK calls (short ARK etf) and TMV calls (3x inverse long treasuries) VIX is the perfect market blow up hedge - but you have to trade it/hold short term has a nasty long term negative effective yield
williamcooper104
24/1/2022
14:31
VIX is forecast to decrease/invert though
time_traveller
24/1/2022
14:30
Yeah ok - I have tended to short extreme VIX movements. Focus on EU VIX. I've not gone short yet cos if Putin goes into Ukr it will hit 35+
loglorry1
24/1/2022
14:08
Nope - since start of year Over long term it's total mean reversion - only asset that actually does that
williamcooper104
24/1/2022
13:56
Nibbled a few more.

William what do you mean by "but long VIX had worked wonders on whole portfolio" do you mean over the longer term?

loglorry1
24/1/2022
12:34
It's got different risks from the whole market but it's still risky and the market demand for risk is getting kicked - BTC is after all intrinsically an uncorrlated asset, in theory, but in practice is an extreme short VIX asset - as it's just pure risk I'm getting hit on my trading position here but long VIX had worked wonders on whole portfolio
williamcooper104
24/1/2022
12:00
Yes it's high risk, but those risks are completely different from the risks that are causing other stocks to fall. So it shouldn't be correlated to wider market.
riverman77
24/1/2022
10:57
BUR is much higher risk that your average stock. It's going to trade on a much higher beta. Do you think it's risk profile is similar to GSK? Clearly it has yet to demonstrate to the market that it can provide a solid stream of income (available to shareholders) from its case book.
loglorry1
24/1/2022
10:54
I don't think the plummet bears much scrutiny - the April rocket from £6 to £9.60 was similarly mysterious, and I think both are primarily a result of IIs shifting their weight around in an equity very thinly spread over two international exchanges. Just gotta endure. Traders with good insight will be having a whale of a time!
time_traveller
24/1/2022
10:48
Yes that is a consideration, but doesn't explain why BUR tends to fall more than the market (roughly 2x beta at a best guess). Remember most of the stocks that fall heavily do so because they have a degree of cyclicality and earnings are expected to be impacted in some way, or in the case of growth stocks because of higher rates. Assuming BUR earnings holds up well relative to other companies then theoretically the share price should also hold up better. BUR also should have low sensitivity to rates as cashflows quite short dated.
riverman77
24/1/2022
10:39
@riverman if the market drops then everthing else will be comparitively cheaper (assuming the drop isn't about earnings). You can buy a solid company like LGEN on a p/e of 8.6 paying a 6.5% dividend. At some point BUR becomes expensive in comparison.
loglorry1
24/1/2022
10:11
The share price has always been very correlated with market, but the company's earnings clearly shouldn't be. This is therefore just inefficiency on the part of the market (which seems to lazily class it as a high beta financial) and I use it as an opportunity to top up (albeit in very small amounts as I suspect markets and hence Burford likely to remain volatile for time being).
riverman77
24/1/2022
09:49
It was always supposed to be uncorrelated to the wider market. There's been a 13 year bull market so that thesis has never been tested. That is the big unknown but if you think easy money is coming to an end then it should be good for litigation
donald pond
21/1/2022
21:24
$9.17. Yup, I feared this happening; price and investor interest/patience wanes, whilst the markets were booming, smashed in the correction, and now the recovery has to battle chill headwinds - come on burford, it'll need something good (results/Petersen/?)
time_traveller
21/1/2022
17:51
Lots of macro headwinds for 2022 so ibthink we can easily see £6. On balance it's ok to add here.
loglorry1
21/1/2022
17:30
Hopefully you timed it well but US bombing as I type. I topped up at 7.38 so feeling the heat at the moment
scubadiverr
21/1/2022
17:26
Meanwhile my trading position was restarted today below 7 and my long term holding was added too as well
williamcooper104
21/1/2022
17:25
Agree the CMD was what I took a lot of confidence from If Peterson is a failure it's likely to be a court win followed by a very long period of time before it stops trying to collect/collects a small sum (assuming worst reasonable case) But if that happens it gives lots of time for the CMD to work it's way out - possibly two spins of the money By which time not collecting on Peterson will not be so material relative to todays share price (Eg it will be a share price loss to a much higher share price so little to worry about)
williamcooper104
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