Burford Capital Share Discussion Threads

[laughton] 30/11/2021 18:11

www.burfordcapital.com/media-room/media-room-container/2021-11-30-new-hire-press-release/?utm_source=em&utm_medium=blog-em&utm_campaign=daily_blog_feeder&utm_content=rss-blog

[syoun2] 30/11/2021 17:20

What exactly do you mean and what press release are you referring too? Thanks

[dekle] 30/11/2021 16:56

Press release today regarding appointments. All appear to have very good pedigrees.

[laughton] 30/11/2021 09:51

Still on AIM.

Don't believe everything you read on bulletin boards.

[rar100] 30/11/2021 09:29

Is BUR still listed on London Stock Exchange?
I looked at London South East BB, and under BUR it said moved to Aquis

[loglorry1] 26/11/2021 09:44

BUR is a pretty good trading stock. Seems quite range bound for now. Despite what they say they aren't covid immune. Cases taking a lot longer to settle with covid disruption. I accept this can mean bigger payouts.

[williamcooper104] 26/11/2021 09:41

Yep; probably LIT was up last I looked

[kaos3] 26/11/2021 09:31

I am even more ambitious waiting patiently for months

[loglorry1] 26/11/2021 09:24

I'll be back in here c750p. It probably gets there.

[williamcooper104] 26/11/2021 08:20

c0.4 bear beta today - not bad - c2 is normal

[syoun2] 19/11/2021 15:02

IC write up

11. Burford Capital
Litigation funder Burford Capital (BUR) deployed more cash in the first half of the year than ever before, but it may take a while for it to see this turned into income. The issue with litigation funders is that it can take years for cases to settle, making their income stream lumpy.
Disruptions to the courts have accen- tuated this problem. Burford swung from profit before tax of $187m (£140m) in the first half of last year to a loss of $67.5m this year because 43 per cent of its ongoing cases were delayed by Covid-19.
The good news is that it has a 95 per cent return on invested capital. So its track record of backing cases is strong and it made $503m of capital commitments in the first half of the year. Brokers seem confident that its grow- ing case portfolio will translate into prof- its. The FactSet consensus is that EPS will be 32p for the end of the year before jump- ing to 94.5p for FY 2022. This seems prom- ising, but analysts have historically missed EPS forecasts by double-digit percentages, so don’t hold your breath. Hold. AS

[williamcooper104] 19/11/2021 14:21

And really shouldn't be any surprise to any long term holder

[williamcooper104] 19/11/2021 14:21

Not at all - 1.35 beta - and it's always had a high beta You can debate the rights and wrongs of this but there's no argument that it's share price is highly correlated

[divmad] 19/11/2021 13:38

I thought bur wasn't correlated to the general market.

[time_traveller] 19/11/2021 13:04

Certainly not paying for the thing, but what does it say? Down heavily again, but doubt that's due to the IC rag... but we seem to get a kicking if the yield curve is up, and a kicking if financials are down - can't win!

[syoun2] 18/11/2021 20:35

Not impressed by the IC write up but not Ok with it. Personally hoping price will drop one more time as I want to purchase more at a cheap price.

[time_traveller] 18/11/2021 16:00

I'm surprised there hasn't been a notification of (change in) major holdings, as the drip drip of selling (presumably hedged by the short) seems to have gone on for a couple of months, with a very similar daily pattern.

[lomax99] 18/11/2021 14:47

4% up would be a nice finish!

[syoun2] 18/11/2021 12:42

This was inevitable with price going up under low volume. This share is for ever giving to traders so once again I will also top up around 730 to 750

[lomax99] 18/11/2021 10:23

Usual nonsense on little/no volume, topping up in the low 7's.

[gettingrichslow] 15/11/2021 08:41

Donald, I think you’re right but I don’t think the market has absorbed what’s happening yet. This is the most significant election outcome since Argentina became a democracy in the 80s and the president has just “vowed to resolve the country’s debt with the International Monetary Fund, tackle the evil of inflation and send a long-term economic plan to Congress in early December”

[donald pond] 15/11/2021 08:07

The left Peronist government have lost their majority in Congress and taken a beating in Buenos Aires. Perhaps that's why we've started well today

[galatea99] 10/11/2021 10:40

It seems that Argentina is planning to pay off its debt with "climate action":



Mentioned at 22'00" in to this episode of "Tucker Carlson Tonight".

Even for Argentina, hahahaha!