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@TB. Yes, agree could be a potential bolt-on for a larger player. I know of a number of groups who have already done this (e.g. Fortress Investment Group and Vannin Capial - albeit under slightly tumultuous circumstances).
I guess bolt-ons from Burford would involve them looking for funders in new jurisdictions? Or perhaps other platforms like Vannin?
A lot of hedge funds are currently making moves into litfi. Although on the one hand this spells more competition within the space, it could also create opps for Bur to buy up portfolios of less well-resourced platforms.
shenanigans on other forums ??? where ? like card maybe ? where just over a week ago you were warning them all what a bad investment it was ???it was 28.60 then , today it 49 !!!
TB it's ok to think out loud but remember whilst you may end with the caveat that you should DYOR, there are novice investors out there reading these boards ??
Personally I find it extremely rude to be in a share for five minutes questioning a CEO and calling for his head ,,
And then to try and qualify your garbage by then slinging mud ???
Everyone ???????????? mmmmmmmmmm
night night
I pose this question ? We've all seen the rights and shenanigans on other forums, it can be horrible to witness,
Why not from tomorrow we all forget the past, and concentrate on getting all the good news about burford that we can get our hands on, the share price is going in the right direction, we all want to profit here, so let's try to have some respectability on this board before loads of good posters leave, to date I actually t think everyone has contributed to this forum in a good way.
Does that sound a reasonable request.
GLA
TB - That doesn't factor in my opinion of you
If you want a proven commercial CEO running a legal practice (the only one in fact) that currently has the ability to finance their own cases, but is also in the process of setting up a litigation finance arm to fund the cases of others, try RBGP. I'm a holder so maybe biased but think they are also well placed to make the most from the current situation. Their law firm's specialities (amongst others) are Dispute Resolution, Insolvency and Financial restructuring and debt recovery.
https://www.rosenblatt-law.co.uk/
Jammyc I see you still haven't got over me telling you that Warren Buffett does buy British shares, like Tesco and diageo, and you telling this board he doesn't buy British stocks, what was that about then ?
GLA
Flakey5185 your idea around purchasing our own shares is a excellent idea, I feel burford may have even considered this option themselves but for the need to conserve cash when the pandemic news struck, a huge amount of companies have been justifiable spooked into ditching there dividends , cash is King during recessions/ ask Warren Buffet,
I myself would have agreed with burford in conserving cash, though I now feel your idea has far more merit right now, though by the time burford push that through our shares might be too high to make that substantially pay us or burford, it's a pity because it could have been a real money earner for burford. Burford should have had that option ready all along. I think they only have the option to purchase shares for the employees share scheme, though I may be wrong here, ?.
FFcmember Chris Bogart and molot created the circumstances around giving Carson Block of MUDDY waters the opportunity to make that horrendous shorting attack, there are other investors on here that hugely lost out because of that failure, yes others like myself have profited , I'm only calling a spade a spade, possibly company building experts with extensive knowledge would have avoided these- pitfalls. This is the reason why certain CEO'S take charge, and knowledgeable
Investors instantly know these people, they know how to assemble a team to build a conglomerate, yes Chris Bogart done extremely well to get as far as he did, / a multibillion dollar business , though I genuinely feel he should hire in more expertise to develop the business and develop his Bogarts own ability to become a fantastic conglomerate building CEO.
GLA
TB.. maybe you should sell and find another company?
Unbelievable !!!
A new CEO ???
why not get rid of Molot at the same time ?
how about a side show like a new netflix for kids maybe we could all go on jackanory and tell fairytails ???
Chris Bogart co founded this wonderful company and you want shot of him and change the business model ???
think it's time for a little holiday from here ,
see you all in a week or two
Evening all
Another strong finish to the day!
I have had conversations over the last few days with other holders, they all share the same thoughts as we touched on a few days ago.
How likely or credible I'm not sure, but certainly possible!
Burfords final dividend payment is being used along with other funds to purchase their own shares prior to releasing them at a higher value onto the American market.
Certainly makes business sense!
Puts pressure on the shorts, pushing the SP higher.
They do have the option to purchase but would they have to notify the market of their intent, or when the transactions are concluded?
If this is the case then we can assume all is going well with the listing!
As I've said, this is only a theory, but adding together the MM's call for shares the other day ( if we are to believe in codes) Gladstone again reducing their short position and the strong finish the last few days.
Makes sense but how likely?
Gla
Blackstone is a global leading invest business, different types of investments that make money for their share holders, now to be honest I would just be overjoyed to see burford expand down a similar route , Blackstone takes money from 3rd parties to invest in numerous ventures and then they take their cut , we do the same but probably with a bigger percentage cut, now if burford could only bolt on a similar company like Blackstone , that could give burford many more arrows for its crossbow,
I was actually just thinking about that kind of bolt on to burford recently, or better still burford could make a great bolt on for Blackstone. I agree T.W.T given another 5/10 years and who knows burford just might do numerous bolt on's to give burford a sky high valuation, in fact burford would be a perfect bolt on for Blackstone as they have countless billions for investment, burford have a need for funding money and a terrific amount of top notch legal experts to serve both businesses, so a marriage made in heaven as they say. My belief is that our CEO is a good lawyer , but is he up to the job of building a diversified business like blackstone, normally I would say there are people out there who know exactly how to build a conglomerate like blackstone. That's why I would like a new CEO, or bring a expert team in to build burford into a more diversified business model like Blackstone. Now I'm sure that would make burfords share price fly.
DYOR, GLA
Thanks for the clarification Gekko. I read an article that they have a wide variety of asset classes as you mention, some of which are also forward valued, with the same accountancy classification as BUR. Blackstone being a market leader in investments, have such a large portfolio it's hard to comprehend all the detail as a mere PI. I like Blackstone's story though, start up business like BUR, couple of directors going it alone, had troubles also at the start with people not buying into their new type of business asset class / model! now look at them.
time.will.tell - Blackstone does not have a similar asset class focus. It's mainly focussed on real estate, standard private equity, and hedge funds.
The potential here seems to good to be true sometimes! And is important not to get carried away, but it is very difficult when you look at all the merits.
MW seems to have provided us with a sterling opportunity here. Hope all long term share holders have topped up on the lows, which fundamentally the annual report advisees to do when explaining the reason for the share drop. Never seen this advise before with any company! I am a large holder of BUR 50,000 shares - so will be watching their every move!! lol
this share was at £2.50 not too long ago! 'AIM' stock for you some would say despite all the bad publicity, they always get heavily targeted by the shorts.
I Hope one day BUR will be a Blackstone Group in 5-10 years. An investment company which has similar asset class i believe. NO one is questioning them, not at the moment anyway!!
Time-will-tell. Yes brilliant Result to come home too, touch wood we are over the £5 mark once again, though this time it looks like it's quite a strong hard fought share price movement.
now All we need is for the short sellers to give burford a chance to get anywhere near a normal average PE ,
Burford done this with no regulatory RNS. news at all, it's because the company is so lowly valued and burford is a fantastic recessionary proof company. If burford is given half a chance by the markets it should consistently move towards that £8.20p berenberg bank share price target,
Thank you T.W.T For your Burford summary, it's always good to see the positives around burfords prospects.
Burford is looking rather strong, I could see it jumping very significantly if it gets any positive write ups from investors chronicle or any other media outlets, it just needs the shorters to leave it alone.
The share pushed through the first resistance point of ££5.11+p and then past the second resistance point of £5.22.+p if it can stay above the second resistance point tomorrow, then I could very well push towards that £6 level quite quickly, though I'm always afraid to put these things out there in case I jinx the share price LOL.
One of the best things I seen in that hardman & company report was just how carefully burford picked it's lawsuit cases, with only a tiny proportion going through and being accepted by their stringent lawsuit committees, I guess that's why we have such a high win rate, and yet that cherry picking of the best lawsuit cases to fund is about to rise significantly during this recession.
Everything is looking great right now let's hope it continues for the next 5/10 years .
Please DYOR, GLA
Yes, Friday - generally the day of low volume and decline. But looking at the chart it looks like this share is starting to make a come back - people are starting to believe in the company again.
If we see a drop tomorrow, i will judge this share on now on a recovery of a drop. I have a feeling people will see it as an opportunity now to get in for the long rise up.
Good news about Gladstone!! Finally - they really do hold on to the end.
Even Gladstone has been reducing their short position recently. On 2nd June they reduced by another 0.13% to 1.20%.
It's almost certain that this will want to retest the previous £5.00 resistance to test it as support. In the meantime, onwards and upwards.
Friday tomorrow!!!
Let's hope it holds over £5.00 at long last. The news flow seem more positive with VW win, good early year court wins, US Listing adoptions, positive analysis reports (even if it is just a reflection summary of the detailed annual results) .. lets hope the momentum continues ...
TB your thoughts?