Burford Capital Takeover Rumours (BUR)

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Burford Capital Takeover Forum Posts

great article but looking at share price history strong possibility that woodford has already sold part of the holding in preparation for the amount of funds in cash if the equity fund had become un suspended in preparation for the huge amount of sales when the fund gets un suspended.look at the share history of aa and kier group.GOT TO MENTION EDDIE STOBART LOGISTIKS WOODFORD HAS A 20 PERCENT STAKE FOR THIS LATER IN WEEK PHAPS ONE OF THE TAKEOVER BIDS MAKE A OFFER FOR THE STAKKE
Here's a post I made on the BTG thread today. All shareholders received their take-over money (£8.40 per share) yesterday or today. "It's also gratifying to note that the idiot-troll Tom Winnifrith pos(t)ing as Cockney Trader said this amongst many other troll posts just a few days before the takeover was announced at £8.40 "CockneyTrader 26 Oct '18 - 23:35 - 5837 of 6169 0 0 1 I see £3-4 as fair value." Hee Hee. I bet he lost a ton of money on that one! Couldn't happen to a more suitable prat."
Obviously anyone wanting to do a takeover would do due diligence and would get all the answers
Fair points to a degree but it would be interesting to get different auditor views on Burford's accounting. Obviously oil & gas firms are valued on a proven also probable reserves basis, especially in a takeover situation, however two other listed litigation financiers have declared mark-to-market lacks integrity. From about 2014 onwards I found it harder to be sure of underlying value given Burford's rapid expansion.
Anyone else think there’s more to this episode than us pis know about ? Lets speculate especially with all the director buys , maybe a potential takeover has been spiked ? For me the one big question is why isn’t BUR self funding after a decade of successful business model , even allowing for the growth cash requirements you would have though self funding status should have been met after so long ? Just saying
Look at this the other way. Imagine an institution buys lots of shares in a mining company, then issues a long paper with geological reports and financial projections, suggesting that the miner has “potentially” got the find of the century on its hands and that there are “rumours” that it is in takeover talks and some say a bid at many times current value is expected imminently. All without consulting the company. And they sell as soon as the report is published but before the company can deny it.Fraudulent, criminal or fair comment?
Woodford has a big stake he needs to sell; Barnett probably wants to reduce; asset class makes reporting opaque; returns are in dollars and cable is weak; founders hold lots of shares. Absolutely ripe imo for a takeover.
Otherwise why would one invest in a company that is purely creating a larger balance sheet? In the hope of a takeover or breakup of the company? Surely, at some point Burford will have to become a cash cow for shareholders
Burford and the board need to realise that they have a responsibility iro the share price. When I went to an investors lunch I asked about Woodford selling and was told by the host (not Burford) that I should ask who is buying. Well, I still want to know who is selling. But I’ve seen this with a few companies recently and it ends with a takeover and “market not valuing us appropriately” RNS
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