Burford Capital Share Discussion Threads

[fozzie] 04/3/2022 13:25

Took some at 659 thanks to your prompting dp ;0) Always seems strange buying shares on such an awful day but there we are. I held a few years ago and am glad to be back in here.

[donald pond] 04/3/2022 13:12

I'm waiting for the day, which will come, when BUR is seen as a risk-off stock.

[loglorry1] 04/3/2022 12:55

@donald you have seen what is going on in Ukraine right? BUR has held up pretty well compared to a lot of stocks.

[donald pond] 04/3/2022 12:28

We've had 2 positive judgments reported this week (Steinhoff and the LaSalle securities cases), press indications that Sundance may be reaching a very positive conclusion, a very bullish note from Numis and news that Argentina is close to finalising a $45bn IMF loan. And yet the share price is languishing. Absolutely crazy.

[lazg] 04/3/2022 11:53

Courts are up and running again. I think 2021 Q3 and Q4 should habe been back to normal or close to it. Courts have adapted.

[reubion] 04/3/2022 11:19

I am starting to worry about the effect of COVID delays a bit. The Seeking Alpha thesis uses the old ~ 30% IRR, 2.3 years WAL (1.6 years for settlements) numbers - but we had two years of COVID delays now, so these figures must be getting worse at some point?

[scubadiverr] 02/3/2022 12:47

New Seeking Alpha thesis on Burford...https://seekingalpha.com/article/4492128-burford-capital-business-price-embedded-call-options?mailingid=26881688&messageid=2800&serial=26881688.39&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=26881688.39

[chester9] 02/3/2022 12:17

Seb Maril postConstant theme buildingJudicial setback for YPF in the Maxus Energy case. - Court of Appeals of the Third Circuit rejects the request of the Argentine oil company and Repsol to suspend the case in the Loss Court. - This guarantees a Summary Judgment from the month of June.

[loglorry1] 01/3/2022 16:16

* ARGENTINA HAS REACHED A STAFF AGREEMENT WITH IMF: FERNANDEZ

I really woundn't get too excited though.

[maddox] 01/3/2022 16:03

Hi Donald,

Thanks for the info. One point I would make is that YPF's calculation, assuming it's completely impartial which ofc it very much isn't, ignores any further award the Judge might see fit to put on top. Argentina/YPF if found guilty, the Judge may also seek to discourage this type of gross misbehaviour and dragging the case out for nine years by slapping them with punitive damages.

[lazg] 01/3/2022 13:55

Thanks Donald, very kind!

[loglorry1] 01/3/2022 13:52

Thanks Donald - it looks wildly bullish to me but it is a sell side note and that is their job.

[donald pond] 01/3/2022 13:11

I've done a more in depth series

[donald pond] 01/3/2022 12:14

There's a Numis note out, which I can't share unfortunately. But I've cut and pasted the first page here
It is a cracker

[chester9] 01/3/2022 08:19

I love the 100% of our clients were successful with their applications. Intimation point being other claimants lost because their representatives did a lesser job on preparation and checking than Burford. You can trust us to prepare your case and we will deliver. The bank of good news getting stronger and stronger as is cash incoming.

[donald pond] 28/2/2022 21:07

This looks like a big win for the boyshttps://www.marketscreener.com/amp/quote/stock/BURFORD-CAPITAL-LIMITED-5668352/news/Burford-Capital-Steinhoff-settlement-approval-a-big-win-for-investors-39614211/

[williamcooper104] 28/2/2022 11:43

Indeed and falling they are S&P futures down top RUB ahead of its open gap price; so hope is still in the market that it will all be resolved

[lomax99] 28/2/2022 11:37

Light the proverbial blue touch paper if this one actually lands in a meaningful way.

[chester9] 28/2/2022 11:13

Posted on LSE Today thank you for sharing Sundance Resources updateToday 08:34I saw the article below about Cameroon formally giving Sundance Resources assets away (for those who aren't aware, we are funding Sundance's $8b claim.The penultimate paragraph caught my attention: "According to sources close to the case, the Chinese consortium has expressed its will to bear the cost of a possible conciliation between Sundance and the State of Cameroon. Such an arrangement could cost a similar amount to the US$8.76 billion (XAF4.7 trillion) of damages the Australian firm is claiming from Congo [Ed.note: the Mbalam-Nabeba iron project is estimated to cost XAF5.5 trillion]."This is what I thought might be the case. Cameroon/Congo said to the Chinese entities - you can have the mining permits but you have to cover the costs of settling.We don't know what the terms of the financing are, but if Burford gets 20-30% of a settlement worth billions it would be a good payday.https://www.google.co.uk/amp/s/www.businessincameroon.com/index.php/mining/2502-12360-mbalam-ore-autsino-and-bestway-get-closer-to-taking-over-sundance-s-mining-assets/ampReplyRecommend (2)Report Post

[saltraider] 28/2/2022 10:00

'Negative beta' days are only good news when the markets are falling.

[lomax99] 28/2/2022 09:54

Hopefully the first of many..... Glad I topped up in the 640's the other week.

[williamcooper104] 28/2/2022 09:27

Well well Negative beta day

[scubadiverr] 28/2/2022 09:17

I've also been wondering whether the uncovering of hidden Russian assets could also be an opportunity for both Burford and PCB, or wether it would be a conflict of interest

[donald pond] 28/2/2022 07:08

Not wishing to be a prat, but all these sanctions and asset freezing orders could cause a lot of legal actions down the line. And a lot of people might not have the assets to fund them, so could be an opportunity for Burford