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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
  4.50 0.56% 801.50 799.50 800.00 818.50 797.00 808.00 369,750 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 261.1 152.6 57.3 14.0 1,752

Burford Capital Share Discussion Threads

Showing 22451 to 22475 of 22725 messages
Chat Pages: 909  908  907  906  905  904  903  902  901  900  899  898  Older
DateSubjectAuthorDiscuss
16/8/2021
06:45
"A former top Wirecard shareholder is seeking damages over the collapse of the payments group in a landmark lawsuit that threatens the compensation bondholders and banks are also seeking. Union Investment, Germany’s third-largest asset manager, has filed a lawsuit in Munich against Wirecard’s administrator, which over the past year has been selling the remaining assets of the failed payments group. The asset manager said it suffered €243m in losses when Wirecard filed for insolvency in June 2020. Before being exposed as a sham, Wirecard was hailed as a rare German tech success and was worth more than €24bn at its peak in 2018, replacing Commerzbank in the country’s blue-chip Dax index. The lawsuit cites more than 70 releases and company statements Wirecard made between 2014 and 2020 that Union says are misleading and fraudulent. “Our client [Union] was induced to buy the securities by fraudulent and misleading statements by Wirecard,” said Nadine Herrmann, a lawyer at Quinn Emanuel, adding that the claims of shareholders should be treated in the same way as other creditors in insolvency proceedings.  The claims of equity holders in an insolvency procedure are typically last in line under German law, settled only after other creditors have been paid. “For us, the consequence [of that] would be not to receive any compensation at all,” a spokesperson for Union said, adding that the legal action was driven by the need to act “in the best interest of our clients”. If successful, the lawsuit would be a blow to the banks and bondholders who lent Wirecard more than €3bn and would be forced to share any payout from the administrator. According to a report seen by the Financial Times, creditors, shareholders and other aggrieved parties have filed more €14bn of claims with the administrator Michael JaffĂ©. JaffĂ© and his team have so far generated about €600m selling Wirecard’s assets, including its European core business to Spanish lender Santander and Wirecard North America to US payments firm Syncapay. In addition to those proceeds, €300m in cash is held at Wirecard Bank. The administrator is also evaluating whether to make a claim against former Wirecard board members under their director and officer liability insurance as well as against EY, the payment group’s former auditor. Wirecard’s other creditors have dismissed the claim from Union, filing two legal opinions to the administrator laying out their case. The lawsuit brought by Union is a test case for a broader group of institutional shareholders who suffered losses of almost €2bn in Wirecard’s collapse and want compensation. London-listed litigation funder Burford Capital is financing the suit. A spokesman for the Munich district court confirmed that the lawsuit had been recently filed, but that a date for a hearing had not been fixed. “It is not yet foreseeable when a decision will be taken,” the spokesman said.  A spokesman for Wirecard’s administrator declined to comment."
galatea99
16/8/2021
06:39
Burford financing suit against administrators of Wirecard. Https://www.ft.com/content/1fd36499-36fc-4c97-b77d-fc31fb0e4650
galatea99
13/8/2021
10:58
Block takes a beating with his Tesla short:- Https://citywire.co.uk/funds-insider/news/muddy-waters-concedes-defeat-to-elan-of-elon-as-it-drops-tesla-short/a1541945?ref=citywire-money-latest-news-list
jeff h
13/8/2021
08:58
I personally own both burford and YPF , I don't believe burford will realise much more than the 800m usd they have the exposure marked at but the rest of the business should trade at 2-3 times book value, the reality with yof is the company has a market cap sub 2 billion and 6.5 billion of debt, the payments Burford are looking for will have to come from the Argentine government and will be debt that will unlikely pay much interest and rank behind the IMF etc , however it should still be a positive outcome for burford . The value in burford is the diverse portfolio which if it can keep compounding at 20pct should restore tge shares to a decent multiple of book...
catsick
12/8/2021
20:34
Started at nine, job done at 10 ;)
lazg
12/8/2021
20:33
Daytrading I assume. Hype the stock early, get retail to buy your stock back higher, out. Rinse and repeat. Burford volume was rather low today so a single daytrader could pull it off.
lazg
12/8/2021
15:45
What is the point of that??
prokartace
12/8/2021
14:02
Look at that day chart. Mr Market marched it up to the top of the hill and marched it down again! All on no volume and no news.
nigelmoat
12/8/2021
09:54
Not BUR, but interesting to see the outcome.Tomorrow, Thursday, at 4:00 p.m. (ART), YPF will face off with Maxus Energy, in a Zoom organized by the court.- The lawsuit is valued (by Maxus) at USD 14,000 million.- Based on the latest presentations from yesterday and today, a very rough audience is expected.
lomax99
12/8/2021
09:51
https://twitter.com/sebastianmaril/status/1425543287830683650?s=21No idea what this is about
donald pond
12/8/2021
09:44
Wow, quite a jump this morning
lazg
12/8/2021
09:43
It is curious A rather painful curiosity for Gladstone today :)
williamcooper104
12/8/2021
08:57
I agree with everything said, I guess it’s curiosity rather than being worried
syoun2
12/8/2021
08:57
I agree with everything said, I guess it’s curiosity rather than being worried
syoun2
11/8/2021
22:38
True; and can't say it often enough - Bur has never been a heavily shorted stock - even at the height of the MW attack short interest was single digit/low double digit
williamcooper104
11/8/2021
22:36
Gladstone have been calling it wrong on numerous stocks recently, including their shorts on Micro Focus and Network Int’l, so I can’t see much to worry about there. Their former ‘star’ partner left recently too.
gettingrichslow
11/8/2021
17:38
True, would love to see there paper on it.
syoun2
11/8/2021
17:30
You'd have thought to do that you'd just take a levered index short position - too much specific risk around Bur to get a useful market/macro hedge Even if it does seem to trade at a regularly high beta
williamcooper104
11/8/2021
17:24
Does anyone have a theory on Gladstone short? Is it a hedge against market fall knowing Burford would be hit hard as it normal is for what ever strange reason.
syoun2
06/8/2021
15:39
Fx was what caused me to open the account as was sick of getting pillaged by HL on fx fees
williamcooper104
06/8/2021
15:37
It's between 0.75 and 1.25 depending on currency and amount Stock lend fees can takes about 10bps of that too
williamcooper104
06/8/2021
15:34
What is the cost of margin at IB? I have a fairly decent Intertrader account with quite cheap funding costs and good margin. Also spread bet so no tax on cgt/divis. Got a fair slug of cash sitting at IB though so might switch it over.
loglorry1
06/8/2021
15:32
It takes quite a bit of getting used toLoving the super cheap margin
williamcooper104
06/8/2021
15:12
Not really a spike. Up about 1%. Bit of a big Yawn really.
loglorry1
06/8/2021
14:59
Something brewing..... spike on US opening
bogman1
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