Burford Capital Share Discussion Threads

[time_traveller] 17/2/2021 14:36

Ha ha! It's an interesting thought. It needs some sort of jolt, stateside... But I'd prefer something like maybe Buffet starting to invest here - I've often thought it's his kind of bag (albeit a bit more esoteric than his usual)..

[rar100] 17/2/2021 14:30

had quite enough of attacks and not enough investment

[williamcooper104] 17/2/2021 14:27

Best thing that could happen is another high profile short attack to get US retail interest

[rar100] 17/2/2021 14:25

The Reddit thing is interesting, boy I hope that crowd pile in...

[...]

strong statement - very strong

I hope the US opening is nothing short of blistering for the share price (without the pop)

[ozzmosiz] 17/2/2021 14:23

1 and 5 year chart looks like it's going the right way though

[scepticalinvestor] 17/2/2021 14:17

Not quite the reaction I was expecting on those results lol

[djderry] 17/2/2021 13:24

Phenomenal.Really impressed with the 2020 outcome.
It's been an amazing pre-lim result ( with the caveat of unaudited for now.)
Where to begin?
I was hoping there might be some glimmer of growth in new committments.To hear that ' activity rebounded' in H2 is superb.
I will,of course,want to be reassured that the same rigorous due diligence was applied.
The concluded case ROIC since inception comes in at a stonking 92%.This is incredibly impressive.
Realised gains were superb,as was the collection rate.I had many concerns as to the impact of the pandemic regarding defendants' ability to pay.Those concerns are put to rest here.
The liquidity position of $336 million dollars,the phenomenal ROIC and the uptick in new business means bond holders will be queuing up to get a slice of the action.
Congratulations to the team of professionals at Burford.

[riverman77] 17/2/2021 13:22

Very good update, although didn't add too much to what was already disclosed at the H1 results - H2 seems to have again been very quiet with H1 almost entirely driving the FY gains. Not necessarily a bad thing as think we could see a massive pick up in H1 - that's the point when I think this could really push higher. The key positive for me was that deployments have picked up again in H2, after stalling in H1.
Looking at the year as a whole, was very impressive - if you strip out YPF there was strong earnings growth, nearly all of which was realised gains with strong cash collection. Given the Covid impact this is very impressive. As others have said, you are essentially getting the YPF claim thrown in for free, which could be worth multiples of current market cap.

[extrader] 17/2/2021 13:20

With increasing comment about the particularly 'bubblicious' nature of the US stockmarket, I would imagine that an uncorrelated 'alternative' investment with a bit of 'spice' in YPF, Dieselgate etc might be quite attractive to some of the more 'patient' money...

IMO

[1aconic] 17/2/2021 13:17

That was better than I expected. Standouts for me are the H2 new commitments only down 7% - thought that could take much longer to bounce back given COVID and the comments made on the H1 webcall. The group income figure is great... lots of money sloshing into the funds building hidden value. Would have preferred the divi to have stayed axed as it makes zero sense here, especially given the cost of funding with alternate capital. The biggest takeaway has to be that this was all done with zero YPF contribution - a massive 100% up on last year's non-YPF result. Will be interesting to see how the US reacts. This is really the first release since actual listing... compared to most things on the US market this is still dirt cheap. Momentum seems so important in the US and so a little of that could go a long, long way here... not holding my breath though.

[scepticalinvestor] 17/2/2021 13:14

I believe that is a correct assessment.

[tradertrev] 17/2/2021 13:04

MW's middle stump cartwheeling back to the pavillion. He has been weighed, measured and found wanting!

[dagoberia] 17/2/2021 13:02

Thanks tradertrev

[lomax99] 17/2/2021 13:01

Why should we expect to hear from that shyster, he said this was 'arguably insolvent' when he was busy buying back stock!

[wilmot666] 17/2/2021 12:56

All eyes on US opening.

[wilmot666] 17/2/2021 12:56

All eyes on US opening.

[trident5] 17/2/2021 12:55

Profits down.

[scepticalinvestor] 17/2/2021 12:52

No statement from muddy waters?

[dagoberia] 17/2/2021 12:45

Hi tradertrev what figure do you use for earnings? There are so many different ones in the statement, thanks

[tradertrev] 17/2/2021 12:26

So with nothing from YPF, largely cash earnings, performance fees stored up for the future, and some impact from Covid, the shares are on c.13x earnings. YPF in for nothing???

[scepticalinvestor] 17/2/2021 12:24

Superb update. To be fair, nothing less than expected.

[donald pond] 17/2/2021 12:22

8/10 which is good enough so I've bought a biggish chunk at 710

[bramcych] 17/2/2021 12:20

Great news that the waterfalls funds will soon start to pay out a share of returns to Burford as they will have repaid their initial investors their initial capital. This will mean a step change in returns to Burford which most in the market have not taken account of.