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I'd offer the use of book value taking account of historic IRRs as a better valuation tool than PE due to the nature of the business and lumpy returns. How exactly I don't know! Hopefully the opportunity is becoming clear to Mr Market and the last couple of weeks suggest this might be the case. I'm still unsure as to the exact catalyst but think it will become clear in time. Anyway, I'm pleased that you are now feeling more positive about your holding. All the best
JC
I know all about my March 5 post, I have not changed my position, I still think along the same line that at the end of the day markets mark the SP based on PE ratio, and we all know that BUR last reported results showed drop in profit even though they had the best ever return
But things have changed now, the 400 million bond raise changed the whole prospective of the company
The US investors started to take notice of the company and it’s services the directors huge buying was another catalyst which showed the BOD beloved the company was under valued
My March 5 post was out of shear frustration as I could see all about the markets companies half as good as BUR gaining double digits gains week after week but BUR was being marked down week after week
So now for the first time I feel the two catalysts mentioned above have all but changed my view about BUR’s future prospects
But I still am of the same opinion that the company must show increased net profit if we are to be re-rated
GLA
I shall let you enjoy the moment and won't qoute your 5th March post - how a tick up in price can change ones opinions!
The SP had been lagging the huge gains enjoyed by the markets on both sides of the pond
Even at current price we are over 5 pounds below when MW attack, and since the company is listed in US and have reported huge cases and invested over 1 billion in on going cases
So this price increase in the SP is just a delayed response to all the good news best of which was over subscribed bond raise of 400 million $ which proved a lot of top money men are sure of the Burford stores and hence were willing to dive in the bond money raise even to a point of over subscriptions
So I for one even though now well in blue am not getting carried away with the current price increase as I know this market will soon wake up to the true potential of this #1 litigation company in the world and will price the MC accordingly
Oh my dreams possible my friend
Ten pound by close today with no news was not imo
Sammy88 I like your great sense of humour sir, though I thought your post yesterday's post at 09.42 was even better, excellent to be precise, more please,
Enough of this board today, it's a fantastic sunny day, it's time to enjoy, burfords SP can keep to Monday, cheers everyone.
Kind regards GTX1
Calm down GTX, or should I say Thomas Browne?
I'm all for free speech and respecting respectful posters views , even FFCmember wanting to see a £100 share price in his 12.22 pm yesterday's post, everyone has a dream , Lets celebrate that diversified free speech privilege. and not to suppress it.
Kind regards GTX1
Agreed FFC too much nonsense about Reddit and speculation over Petersen settling.
We saw in the first 3 months of the year our SP decline when the whole market was up. Now without any obvious catalyst for this jump people think we're going to £15. I hope they're right of course but let's keep a clear head!
Sammy sadly it’s not just the blue board ! I’m just as keen to see this fly but it’s quite annoying to see wild guessing flying around and this mornings red is I feel because we got a good 20-30p ahead of the states and it’s them that are calling the shots right now ??? Talking of the states has anyone any idea if Bogart and Molot transferred their aim shares ? I assumed they would but not seen confirmation? Just wondering how long it’ll be before the USA hold the majority as then reporting will be quarterly I believe , anyway after the month we’ve had I’d be more than happy if we Finnish anything about 820 ,
Definitely a good week and a good month.
But some people need to relax a little. Big hyping on the blue board by some posters. Anyone who holds Burford knows we're more likely to see the £7s before we see the £9s because it's so choppy. Fingers crossed we won't though.
Been a good week on here. Friday always tends to be a bit of a rest and dip day. Looking forward to see if this continues next week. Good weekend all.
Opened over four percent up in the states too (hope it holds)