Burford Capital Share Discussion Threads

[lostsole] 09/8/2022 12:01

RNS outBurford Capital Ltd - Interim Results for six months ended 30 June 2022 #BUR https://www.voxmarkets.co.uk/rns/announcement/43c6ad9b-edd1-4e6d-bb78-f8b82ea7176b #voxmarkets undefined

[tnt99] 09/8/2022 08:28

Get on board my Reddit boys we are of to 20 pound station on Peterson decision!!!!!

[syoun2] 08/8/2022 19:03

Good point(typo) earnest

[riverman77] 08/8/2022 18:47

What would Ernest say about that?

[syoun2] 08/8/2022 18:36

May the turnaround start in Ernest tomorrow

[syoun2] 05/8/2022 13:37

Jefferies raises target price to 1,370p from 1,200p

[tnt99] 05/8/2022 08:55

Here we go boys 20 pound on Peterson

[divmad] 03/8/2022 19:34

I picked up another 1000 at £8.25 on a limit order early doors.

[riverman77] 03/8/2022 18:16

Yes incredible that we're still 40% lower than before the attack, even though all the MW claims have been either refuted or addressed. Not complaining as was able to load up at very cheap levels, as low as £4 at one stage. Also, I think it's ultimately made BUR a better company by improving their governance and getting a US listing.

[coyy] 03/8/2022 18:06

I note that we are just 2 weeks away from the 3rd Anniversary of the Muddy Waters Report on Burford which caused a massive crash in the share price

It would be ironic if the opposite happened later this month if Petersen was settled in Burford's favour which would surely see a huge hike in the Burford share price

[williamcooper104] 03/8/2022 17:15

I didn't get a fill either - annoying as was another classic BUR dump n pump day trade opportunity

[tnt99] 03/8/2022 17:13

Think someone got a nod as to the result of Peterson come on 20 pounds!!!!

[bogman1] 03/8/2022 16:44

Back on the pump and dump today or is something brewing

[time_traveller] 03/8/2022 10:09

Yep. Tried unsuccessfully to buy the dip. Some share price monkey business behind the scenes me thinks.

[donald pond] 03/8/2022 09:59

Pretty extreme dump and jump this morning. Could end up with a powerful hammer on chart

[djderry] 27/7/2022 06:07

I have no issue with investors shorting stocks.Having never shorted a stock,I probably would have made a lot more if I had,based on how some of them worked out! However,that's not the point here.Firstly,in tandem with their short position,MW issued what it called a 'report',having put in place an announcement announcing it would be doing so.This so-called 'report' contained a few facts,yes the company CEO and the CFO were/are married to each other.Guilty,your honor.It also contained untruths ( the most egregious claiming the company was 'arguably insolvent'.( Not until one understood that you can say anything you like once you qualify it with the word 'arguably 'that you start to see the depths to which MW was willing to go.The 'report' contained wrong case numbers,errors,and accusing the company of claiming success when it had lost cases.Each claim,one by one,was rebutted by Burford,even going to show,in the tiny number of cases where it accepted a non-cash return,that it increased the overall returns for the company.The 'big lie' ,that Burford was overly aggressive in its accounting practices was not only shown up,but Burford's conservative approach was vindicated.
So far,so what.Well,if the above facts were not outrageous enough,we then had allegedly market manipulation.In the course of the following trading day,hundreds( if not thousands)of trades were initiated and cancelled within milliseconds.The effect was to drive down Burford's share price without buying shares.Each 'order' automatically depressed the price and so on and so on.When Burford (correctly,in my opinion) initiated a case with the Stock Exchange,they were knocked back with a response reminiscent of the Widgery Report,where,if it were true ( and it was,of course)it would have been such an 'appalling vista' that it couldn't possibly be true!
Truth,my friend,is stranger than fiction and the billion pounds taken from the pockets of shareholders is just collateral damage.

[michaelem] 26/7/2022 19:01

Note todays announcement of only 2 weeks to wait for half year results

[sam55todd] 25/7/2022 19:38

Quite opposite - "fake it until you make it" type of small companies shorting in a relatively healthy state is very dangerous as someone can buy those out and squeeze short out to make huge profits with less resources. Even a company in bad shape can be a subject of this counter-short attack because you may have to spend less money on recovering company' finances than shorters would have to pay you multi-inflated share price for selling shares to close their position (unless they settle with share lender of course). Exploiting property of asymmetric returns in shorting under certain circumstances may be very expensive for them in the end.

[alfredomega] 25/7/2022 10:32

Yes, this time is not an angry CEO suing a short seller. It's the Department of Justice.

I think short sellers eventually become market manipulators even if they started as fraud revealers. When they run short of frauds, they just need to aim a small company and shoot, it doesn't matter if what they claim is true, false or arguable. The stock will fall and they will profit.

[michaelem] 25/7/2022 09:08

Interesting Bloomberg Article dated 15th July on US Justice Department investigation into Carson Block and Muddy Waters

hxxps://www.bnnbloomberg.ca/a-short-seller-s-life-upended-carson-block-questions-his-future-1.1792498

[divmad] 20/7/2022 20:56

Looking good, even before the Ypf case judgement is made public.

[time_traveller] 20/7/2022 17:09

My unqualified opinion - Burford is still drastically underappreciated... And has further to run on the chart (£11 my short term chart target for creaming off a bit, barring news flow).

[steptoes yard] 20/7/2022 10:49

Oh for sure if you are referring to the ATH a few years ago, it may be some time before that is anywhere near challenged, i mean the downtrend from Spring 2021 for which there were many failed attempts to break.

[prokartace] 20/7/2022 09:43

I am afraid that I don't consider this to be a breakout until we get to £10 a share as we have tried and failed twice since the original sell off

[steptoes yard] 20/7/2022 09:30

The 'underappreciation era' in the stock looks to have come to an end....ands that on technicals. That was a good breakout. Mostly driven by fundamentals of course witha lot of case driven newsflow on the way. My personal take is that they won't sell any 'success' in Peterson, they will use this as an example of their asset recovery capability...just my view.