Burford Capital Share Discussion Threads

[williamcooper104] 27/1/2021 18:39

Yep - GME shorts are getting a very good schooling in that

[dagoberia] 27/1/2021 18:27

Do companies usually make a public statement (RNS) when a big sustained share price drop happens for no apparent reason? I was thinking this may be a big holder having to sell to cover an other position or something, but it does at times feel like someone knows something.. bumpy 3 weeks ahead

[tradertrev] 27/1/2021 18:06

Golden rule of investing - the market can remain irrational for longer than you can remain solvent. Never invest more than you can afford to lose. Sorry that you have been badly affected by the pandemic. No-one deserves that.

[three black crows] 27/1/2021 18:04

The more that forward their concerns can not be a bad thing. Its up to individuals to put their concerns in an email, details of all email contacts on website

[time_traveller] 27/1/2021 17:55

I have, and Mr Baillache is good at responding to queries. But they are probably as vexed as me as to why the share price still languishes "sub MW".

[three black crows] 27/1/2021 17:47

Time Traveller,
better you get on to Burford and moan to them, because they are the ones who can take on board your point of view

[time_traveller] 27/1/2021 17:34

Yes. But £6, really... Below almost every point on the chart in the last 4 years, (aside from the C19 dip), and crucially below the days following the MW attack ... so reassurances that the fundamentals will out in a share price recovery look a little hollow after a year and a half, as do angry BB retorts that the share price is irrelevant anyway - Not if you have to start selling up to pay bills, it bloody isn't, (thanks to one's business being being sacrificed at altar of lockdown.)

[dgdg1] 27/1/2021 17:32

Does anyone have any more details about this "fireside chat"? I've asked Burford about it and have been told "I don’t know what this means. We are not holding any kind of shareholder ‘fireside chat’."

[hatfullofsky] 27/1/2021 17:06

785 to 606 in 2 months is some fall. Looking like 600 may offer some support

[williamcooper104] 27/1/2021 15:48

Largest short position in Bur was less than 10 percent GME got up to 150 percent short cover - that's what's killed the shorts - mega overextension

[williamcooper104] 27/1/2021 15:47

Apart from fact that Bur is hardly shorted now and even at height of MW wasn't actually heavily shorted

[thedisciplinedinvestor] 27/1/2021 15:10

It would be nice if we could kill the shorts in BUR the same way Reddit's guys killed the shorts in GameStop....

[1aconic] 27/1/2021 14:37

In theory yes but my understanding is there is nowhere near that kind of cash availability bottleneck with Bur over the timescales we're talking. Also, Bogart also highlighted that new business had slowed as lawyers were struggling with working from home etc so seeking funding for new cases wasn't top of their priority list. Again, just deferred business, not lost. It's obviously not ideal but the world's not in an ideal situation. It's just better for BUR than some industries e.g. a pub or hotel that totally loses sales.

[alter ego] 27/1/2021 12:52

"if cases don't progress this year the value stays in the portfolio for later realisation or otherwise."

but of course, there's less new cash to recycle into new cases

[1aconic] 27/1/2021 12:11

Further to Trev: The comment made on the H1 earnings call was that there can be a bias to H2 because finance managers tend to know how the current year accounts are shaping up. That can make them more inclined to settle in H2 than they might be in H1 with more uncertainty on that front. However, it was mentioned in the context that this year is unpredictable due to court activity being down in general. They also raised the very valid qualifier that it matters not one jot because if cases don't progress this year the value stays in the portfolio for later realisation or otherwise.

[riverman77] 27/1/2021 11:32

Well I hope you're right tradertrev, let's hope it's been a busy H2 when they update next month. I just remember the previous H2 was unusually quiet but perhaps that was a one-off.

[tradertrev] 27/1/2021 09:00

riverman, I tend to disagree with your idea that Burford's H2 is usually quiet. Management have said there is some seasonal bias to H2 as there is always some lawyer focus pre year-end on getting some settlements agreed. Having said that, 2019 H2 saw some of this activity slip beyond the year-end into 2020 H1 so it did end up fairly quiet and no doubt there will have been some Covid impact on 2020 H2, although media reports suggest the sector is busy.

[kirkie001] 27/1/2021 08:33

Williamcooper - where's your "elsewhere fun"? I'm similarly thinking of trading out of some of my fixed income as it's within 10% of recent highs, and thinking of reinvesting elsewhere.....

[williamcooper104] 26/1/2021 23:30

Funny - I've just looked at my watch list - totally tanked today - profit warning Was v lucky in that I invested the half of my BUR that I sold into MANO - but then got out when the PE and price/book got to nose bleed levels

[dekle] 26/1/2021 23:22

I read about Mano, they are in the insolvency market and the government support for business has meant fewer company collapses and therefore less potential new cases

[scubadiverr] 26/1/2021 22:59

I suggest you take a look if not

[scubadiverr] 26/1/2021 22:56

Have you seen mano today?!?

[williamcooper104] 26/1/2021 22:53

LIT is getting a bit of positive momentum recently - as is MANO - though I'm no longer invested there BUR is standing out now, and I think (IMO) that it's Peterson

[williamcooper104] 26/1/2021 22:51

I've a call and sold most of my equity down - too much fun to be had elsewhere May trade back in around February press release - we shall see Certainly it's always been good value at 5 something which is were the recent momentum looks to be taking us