Burford Capital Share Discussion Threads

[ptolemy] 19/1/2023 15:30

donald,

Given that the time to reach either outcome is perverse doesn't it argue for a third outcome as yet undefined by posters? But one which more accuratly reflects that fact that BUR assess a positive outcome at only 30-something percent.

I've lightened my position recently but continue to hold.

[extrader] 19/1/2023 14:52

Hi kaos3,

Is Preska 'a safe pair of hands'? And, if so, cui bono?

[kaos3] 19/1/2023 09:22

imho looking which cases Preska gets ... it is beyond usual

[chester9] 19/1/2023 08:46

Makes you wonder what the Judge does for fun. At work it's like playing chess with the law of Spain, US and Argenti na. Studying all the possible positions and implications. None of it against the clock. Sadly no checkmate will happen without the board being tipped and everyone disagreeing where the pieces were.Still progress is being made and with many other cases in play. 23 should see the pipeline push out some good news.The art is patience not chess really.

[tradertrev] 19/1/2023 08:37

Think they need a lot more than that, either to appeal or settle, so personally I don't think this of itself tells us anything about the final outcome.

[donald pond] 19/1/2023 08:34

The mad thing is it has been a 7 month wait for a response on an application for summary judgment.

A summary judgment means the judge can make a decision because on the facts pleaded, even if you accept everything that one side argues, they have no prospect at all of winning. Their case must be unarguable (and hence, there is no need for argument at trial).

To spend 7 months on a conclusion that can only be: (1) that one side's case is utterly hopeless; or (2) it is not straightforward and so needs a trial, seems perverse.

[chester9] 19/1/2023 08:29

From Seb MarleFor those who follow the YPF exprop case and own BUR shares, Arg just announced a $1b repo of sovereign bonds (currently trading mid 30s).- Will those bonds be used as guarantee while Arg appeals a (possible) adverse ruling?- With this LME, Arg would not have to issue new debt.Could be that will Argentina appeal, use bonds to allow appeal guarantee and it's all kicked along for another few years. On the hope Burford settle for a lower amount or a change of politics pushes the problem to someone else.If they are preparing and Seb is right it would seem we are getting closer to a Judge Preska outcome.

[lomax99] 16/1/2023 08:21

Back now, mm's amusing themselves.

[lomax99] 16/1/2023 08:05

Marked down on open, any news?

[scubadiverr] 14/1/2023 12:30

We don't, but read the LSE forum thread and it becomes apparent it is likely

[three black crows] 14/1/2023 12:24

Michaelm,
How do you know that Burford was involved in this claim ?
This hasn’t been reported as far as I know

[michaelem] 14/1/2023 12:16

Check out the RNS posted on Nanoco investor relations on 6th and 9th January, which suggest a negotiated settlemnt

[stentorian] 13/1/2023 13:17

Thanks lomax99,

Some background...

"Nanoco Group plc, a Manchester University spin-out developing cadmium-free quantum dots, will starts its trial against Samsung in the Eastern District of Texas, USA on the 6th January 2023."

[lomax99] 13/1/2023 13:12

There is some speculation on the lse share chat thread that BUR may have been providing the finance for Nanoco's IP right's case against Samsung.

[bulltradept] 11/1/2023 10:49

Is it not perceived dollar weakness.

[hohum1] 11/1/2023 09:34

I’m not a chart expert but the 12m chart looks very fruity to me: next stop £9

[donald pond] 10/1/2023 21:28

Bit of a move up in the US today. The general expectation was for judgment by year end so surely it could land any day

[lazg] 10/1/2023 14:23

Burford Capital Limited (NYSE:BUR - Get Rating) - Stock analysts at B. Riley reduced their FY2022 earnings per share (EPS) estimates for shares of Burford Capital in a research report issued on Thursday, January 5th. B. Riley analyst M. Howlett now forecasts that the company will post earnings of $0.20 per share for the year, down from their previous forecast of $1.10. The consensus estimate for Burford Capital's current full-year earnings is $0.50 per share.

Separately, StockNews.com started coverage on Burford Capital in a research note on Wednesday, October 12th. They issued a "hold" rating for the company.

[tnt99] 04/1/2023 19:55

Come on get aboard the train to 15 pounds

[chester9] 03/1/2023 14:43

True nice rise to start a bigger one hopefully

[this tea tastes of chicken] 03/1/2023 14:42

They can take the brake off now the employee purchases are out the way

[chester9] 03/1/2023 14:39

Have we been tipped? Very buoyant today.

[tnt99] 28/12/2022 09:52

Climb aboard the train to 15 pounds who whoo

[tradertrev] 22/12/2022 08:24

Buying those out of the money calls looks like a great trade on the Argentina cases. We should know much more about them by April. A decent win should see the shares to at least $15 (IMO) or c.$2.50 for those options, agains 35c downside, so a bet at 7:1 odds (at least) against a win. Feels like the odds are better than that.

[kuk1doh] 21/12/2022 20:54

Looks like strong volumes - strong for Burford, small in reality - going through on April 23 $12.50 call options today @$0.35… that’ll be post the 2022 results release… good to see someone has confidence… as mentioned on this board before, cases can settle coming into corporate year ends... perhaps it’s been a busy week.