Burford Capital Share Discussion Threads

[scubadiverr] 15/2/2023 08:57

I can't see them borrowing to do buy backs. Why would they when they can get the returns they report from reinvesting. They're also hoping for a significant sum from Argentina. To borrow for buy backs would be insanity

[tomtrudgian] 15/2/2023 08:47

I asked Rob Bailhache, Burford’s head of investor relations and on 8 Feb he replied that due to the 2023 transition to US GAAP accounting they will have to transition to quarterly accounts reporting rather than the less frequent trading updates. ‘When we know our plans we will let shareholders know’.

I just wonder if they are considering a partial share buyback if they can borrow enough, supported by their 2022 and first quarter 2023 accounts. There is no requirement to give trading updates under GAAP.

Speaking as a retired auditor, it is almost impossible legally to produce meaningful audited accounts for litigation funders when the litigation extends over many years, is so uncertain and the proceeds so ‘lumpy’.

[syoun2] 14/2/2023 19:05

Have they announced date for full year report yet?

[chester9] 10/2/2023 15:08

Last year update on Tuesday

[bramcych] 10/2/2023 13:02

Yes, definitely top-up time now ahead of results which will be issued one day next week which could well provide the long -awaited inflection point.

[lomax99] 10/2/2023 11:07

Edging closer to top-up time.....

[hohum1] 09/2/2023 07:43

A win for Burford in the EU truck cartel case that they announced they were funding in 2017: hxxps://www.thetimes.co.uk/article/royal-mail-and-bt-awarded-20m-in-truck-cartel-ruling-6vz7xgtpb

[sam55todd] 08/2/2023 11:32

..."With the addition of Dubai, Burford now has eight offices in North America, Europe, the Middle East, Asia and Australia."...

[lomax99] 08/2/2023 06:30

It sounds like a wind up.

[stentorian] 08/2/2023 00:02

thanks for the link to the Messi bank note. You could say it is ARS paper...

[williamcooper104] 07/2/2023 23:38

Generally thought it's the dollar albeit with a tail risk that a judge finds otherwise - as in - nothing ever certain with litigation

[scubadiverr] 07/2/2023 22:54

I think I'd rather have dollars thanks! Currency, if payment to Burford is judged to be required, hasn't yet been decided, has it?

[williamcooper104] 07/2/2023 21:48

https://twitter.com/SebastianMaril/status/1623063462963474441?s=20&t=xRpPHUB01mTD5nHYX0wbEA

[lomax99] 07/2/2023 19:25

New office opens in Dubai:Https://www.burfordcapital.com/media-room/media-room-container/burford-capital-opens-dubai-office/

[bramcych] 06/2/2023 10:16

Next week should see a Business update from Burford for the half year to end December. If we get the increase in case resolution we expect, this would be the trigger for a significant market rerate of Burford.

[houseofpain1] 06/2/2023 09:55

Interesting piece on demand for litigation finance as we head into more straitened economic times:

hxxps://www.law.com/americanlawyer/2023/02/03/with-law-firms-under-profit-pressure-litigation-funders-have-bullish-outlook-for-2023/?slreturn=20230106044755

[extrader] 03/2/2023 08:34

It appears not.
From the NANO RNS

….. Litigation Funder - GLS Capital LLC

The litigation against Samsung was funded by GLS Capital LLC of Chicago and the GLS team was led Adam Gill.

GLS Capital is a commercial litigation finance firm with more than $500 million under management. Founded by litigation finance industry veterans, GLS focuses on investments in complex commercial litigation and arbitration, patent infringement litigation, and life sciences litigation. GLS prides itself on decision-making speed and the pace of its investment process. Armed with a broad investment mandate and fully discretionary capital, all investment decisions are made internally by the GLS investment committee, which provides certainty and transparency for counterparties throughout the investment lifecycle. More information about GLS Capital can be found at www.glscap.com…;.

[donald pond] 03/2/2023 08:23

Anyone know if BUR was involved in the NANO litigation that settled this morning?

[prokartace] 01/2/2023 12:40

aifred, porsche basically disses every stock that he comments on and that includes the UK stock market. I assume he has no investments because clearly with the FTSE100 at an all time high he either doesn't have a idea of stock choice or he is already broke lol

[lomax99] 01/2/2023 12:09

Neither rhyme nor reason, on a positive judgement announcement this shoots through £10.

[extrader] 01/2/2023 11:05

Ah! Sounds plausible. I live and learn...or try to.
ATB