Burford Capital Share Discussion Threads

[scubadiverr] 12/2/2021 21:36

I completely agree regarding awareness and wish that Bur's PR efforts were more active. I keep meaning to check out WSB but haven't as yet and confess my perception is coloured by the FT and the recent GME/silver shananigans. I shall take a look. Thanks.On the subject of the FT I see that Carson Block was writing for them today. I wonder how far back that relationship goes?

[lazg] 12/2/2021 20:57

@Scuba: I think you may underestimate some of the investors active online. There is legit DD to be found and a willingness to share deep dives (thank you, youth). Looking at some of the posts (not necessarily the most upvoted ones ones) you will find interesting ideas. I have been a lurking in r/investing for 8 years and found WSB about 2 years ago. WSB is (or has been) amazing. Do your own DD, but do not dismiss folks on hearsay. There are ideas worth spreading and we are early birds when it comes to Lit Finance. I welcome people talking about BUR.

[rar100] 12/2/2021 18:45

What do the tea leaves say...

[scubadiverr] 12/2/2021 17:51

Interesting post on LSE relating to Sebastian Maril's postings today..dfreijeiroPosted in: BURPosts: 1Price: 640.00No OpinionRE: Spanish translation12 Feb 2021 17:14"Burford le cantó vale cuatro a Argentina." It is relate to a Argentinian cards game "Truco Argentino", meaning more or less Burford went all-in against Argentina. Implying they are playing with good cards, good news I would say.

[jeff h] 12/2/2021 13:19

"A growing market niche where investors profit from others’ legal troubles is getting a boost from Covid.

Distressed-investing funds and litigation-finance boutiques are likely to be spoiled for choice after a landmark U.K. court ruling last month rejected pleas from insurers looking to dodge pandemic payouts. They’re looking to finance or buy denied Covid-19 insurance claims for policyholders without the means or stomach for taking their insurers to court.

“This is going to be huge,” said Steve Cooklin, chief executive officer of London-based litigation funder Manolete Partners Plc, whose biggest shareholder is veteran distressed investor Jon Moulton. “It’s hard to say at this stage how big exactly this issue is, but it’s probably going to be in the hundreds of millions of pounds.”

Insurers have warned that Covid-19 coverage claims could top as much as $100 billion –- potentially the industry’s largest loss in history. Business-interruption coverage, which protects against losses when companies have to shut for a period of time, has been one of the most costly and contentious policy lines in the pandemic. U.K. virus-related claims, including on business-interruption policies, could exceed $2 billion........."

[muckedboy] 12/2/2021 12:32

Something big happened in the case I guess, dont know if its good or bad for us.

[dagoberia] 12/2/2021 12:06

His tweet is cryptic.. meaning more or less "Imagine whats just happened with the YPF expropriation " ... but judging from comments he cannot say

[scubadiverr] 12/2/2021 11:58

Smart money? The WSB crowd pumped and dumped a dud.

[ptolemy] 12/2/2021 11:56

Burford Capital - Canaccord Genuity raises target price to 637p from 570p. Raises to hold from sell.

[muckedboy] 12/2/2021 11:06

Sebastian Maril on Twitter: "La que se acaba de armar en el caso por la expropiación de YPF."

[lazg] 11/2/2021 22:04

This field has a lot of potential. And we may need to spread the word if we want the share price to reflect our sentiment. DD write-ups on WSB or r/investing and stockwits are the play if we want smart money to notice us.

[devalpha] 11/2/2021 20:44

This comment caught my eye more than anything else from the half year report. I'll be looking at full year cash receipts with interest.The combination of robust cash receipts in 1H 2020 and the significant level of receivables generated during 1H 2020 puts Burford on track to generate cash receipts from its first half activity at a level consistent with most full years, without taking into account additional realisations and cash proceeds in the second half.

[djderry] 11/2/2021 19:58

I look forward to the business update.
I'm interested to see any update regarding new deployments.
There was a collapse in new deployments in H2 as companies rightly went into survival mode,focusing on the health and safety of their employees and customers.
The pandemic is still raging.
Leaving the health/life/death issues aside,I am sceptical about the belief that it will automatically lead to more litigation.My sense is that companies are cautious and still coming to terms with the effects of the pandemic.
If management could give some colour as to any nascent pick up in new deployments,that would be helpful.
However,it's important that their rigorous due diligence is not in anyway relaxed.I do not want them to scale up at the expense of the portfolio quality.
There are reasons to be optimistic however.
In the last results,there was circa 50 million of unrealised/fair value gains.
Most uninitiated investors ( and MW and their ilk)view this as a negative.
On the contrary,I see it as cash coming in and I'll be interested to see what progress has been made.
While the pandemic will naturally act as a brake and disruptor of business ( and lives),there remains several drivers of growth.
The overall growth in the litigation finance industry is continuing,with many of the smaller players following the Burford playbook,such as in portfolio financing and fund management.
As more companies become familiar and comfortable with litigation finance,I suspect growth will come not just from pandemic inspired litigation but from the many historical issues which heretofore have not been litigated.Burford's research has shown many companies 'sitting' on cases worth many millions,unsure as to outcome,duration risk,etc.
As companies realise the value of these 'truffles' as it were,and the risk free nature of Burford's non- recourse finance,I believe the golden age of litigation finance will become clear.

[rar100] 11/2/2021 18:02

Remembering the share price at £9 and over a period of 2 years or so steadily getting to just over £20, the level now twixt £5 to £8 seems insignificant so I'm not really interested, the volumes are very low and I guess that gives a lot of the volatility.
I don't think many in the US know of Burford or maybe it's that MW's assertions of dodgy accounting by BUR is still remembered and people don't trust it. The financial press here FT etc. still slang BUR off at every opportunity. It's just not recovered to anywhere near to what it was a couple of years ago. Shame!

[tradertrev] 11/2/2021 14:25

BUR said they would probably move to an LSE premium segment market listing if they weren't able to get the dual listing on NYSE. Having achieved the NYSE listing I doubt very much they will migrate the London listing from AIM to LSE.

[rar100] 11/2/2021 14:08

BUR have another opportunity to bolster their reputation on the 17th with their trading statement, we will see if and how they manage that...

[rar100] 11/2/2021 14:03

I thought BUR were going to move to the main market after listing in the US, thought I read that in one of their rns's.

[nigelmoat] 11/2/2021 13:21

Free market movements of share price here......or something else? Of course value plays out in the end but surely this needs to move to a main market listing?

[prokartace] 11/2/2021 08:53

What now stoxx?

[time_traveller] 11/2/2021 08:47

Care to elaborate?

[stoxx67] 11/2/2021 08:16

these chumps are absolutely useless, moving from one disaster to another !!!

[lomax99] 11/2/2021 08:12

Ho hum, normal service resumed....