Burford Capital Share Discussion Threads

[maddox] 22/4/2021 11:18

thx prokartace, just starting to get interesting!

[chucko1] 22/4/2021 11:06

Patience is the drug for me. Need to stay fit so I can stick with it! This is nowhere near finished as a story.

[loglorry1] 22/4/2021 11:05

I'm no chartist and I think they are rubbish generally but for the sake of some cheer leading :-

BREAKOUT

[prokartace] 22/4/2021 11:03

Maddox have tightened my stop-loss to 50p so currently will get out at a minimum of 770 I see possible further rise so will not go out at 832 if it gets there for the time being

[scooper72] 22/4/2021 10:29

It's a thought out considered ramp. Nothing wrong with that.

[tradertrev] 22/4/2021 10:12

While I prefer fundamentals to charts (and have commented a fair bit on them), it feels like if we can hold the 800p level for a few days then it's clean air up to almost 1000p. Sorry if that sounds like a ramp!

[scubadiverr] 22/4/2021 09:58

A person of significant control is someone that holds more than 25% of shares or voting rights in a company, has the right to appoint or remove the majority of the board of directors or otherwise exercises significant influence or controlI'm guessing that following the merger Burford's equity in the whole group would have reduced by c. 50%, so they would now hold 15% of the enlarged entity which would take them below the significant control threshold.Thanks for the research

[stentorian] 22/4/2021 09:37

Solicitors behind Mrs Akhmendova - PCB Litigation

PCB Litigation merged with Byrne Partners on 1 April 21


Burford no longer a person with significant control on 31 March 21
target='window'>https://find-and-update.company-information.service.gov.uk/company/OC322793/filing-history

But BUR still retain an equity stake:

"It is this expertise which has led Burford Capital, a leading global finance and asset management firm focused on law, to take an equity stake in PCB Byrne."

Law Report on the Akhmendova case from 2020 really good reading on her relationship with Burford Capital paras 18-24

[jeff h] 22/4/2021 09:25

Yes welcome back jonwig, always good to read your views.

[bramcych] 22/4/2021 09:07

Jonwig, great to see you back, we have missed your insights!

[tnt99] 22/4/2021 09:02

Big guns coming in fast up we go money pouring in next stop 15 pounds

[gettingrichslow] 22/4/2021 08:26

Jonwig, thanks for reply, I remember thinking your posts were always worth reading so good to see you back.

[jonwig] 22/4/2021 06:51

@ Gettingrichslow - yes, I bought back in on the day of the FY results. I'd been hankering after the shares for a few months but the price seemed to be going nowhere.

[scubadiverr] 21/4/2021 21:42

Burford and PCB are specialists in this field. For starters there's that 30m flat overlooking Hyde Park and I'm not a specialist in asset recovery!

[loglorry1] 21/4/2021 21:39

Tatiana Akhmedova is old news. Also collecting the cash might be a bit tricky.

[scubadiverr] 21/4/2021 21:27

Not only backed by Burford. Burford also has a 30% equity stake in PCB Litigation who were running the case.

[godwin2] 21/4/2021 21:00

Tatiana Akhmedova, backed by Burford Capital, has won her court case and been awarded £75 million.

[gettingrichslow] 21/4/2021 20:38

Jonwig, does my memory serve me right that you sold out of BUR in August 19-ish? Would be interested in your thinking if you’ve now decided to buy back in?

[geraldus] 21/4/2021 18:39

I agree,plus as long as the price increases.I know you are well versed here.

[jonwig] 21/4/2021 18:06

geraldus - it might be more than that. Which market is determining price momentum? Possibly already the US:

... if more than 50% of our shares were to be owned by US investors, as determined under the US securities laws, we would no longer be eligible to file as an FPI. In that case, we would be required to begin reporting under US Generally Accepted Accounting Principles (US GAAP) and issue annual results on Form 10-K and quarterly results on Form 10-Q. It is possible that we could lose FPI status during 2021.
[AR 2020 pdf p34.]
I think that's a strong signal that the US is pricing the shares: that's where the business is, for the most part.

[onup1] 21/4/2021 17:58

Dare I. " houston we have ........,

[geraldus] 21/4/2021 17:10

Has the penny just dropped stateside?

[tnt99] 21/4/2021 17:06

Sit back and relax up up and away all the way back to true value 15 pounds

[prokartace] 21/4/2021 17:02

Maid Miriam

[saltraider] 21/4/2021 16:32

'Marjoram'???