Member Info for Beech2

Probably Amazon's partnership deal with OpenAI that's recently been announced

Bit optimistic with your estimates snooz. See RNS. Low offer but should result in a re-rating of the business as a fast growing travel business

Interesting RNS out this morning. Company obviously confident about future cash flows. Should help share price on open.

DWP contract has been extended for 3 years with an option to extend it on same commercial terms for further 3 years. Should help the share price

Lucretuis

As a sizeable PI share holder I applaud your detailed research. A lack of transparency by The Board at best, deliberate deception at worst. Perhaps you should send a transcript of your posting to James so in future the company will be a bit more honest with their shareholders in their communications. It has certainly shaken my confidence in their messaging.

Current year looks very promising with £10m cash (and should be at least £6m profit) expected from first tranche of renewables disposal. HMRS improving and services both doing well. What’s not to like about this company.

Good news this morning. This should move the share price upwards. I will increase my fairly sizeable holding this morning.

Encouraging trading update today with no unpleasant surprises . May see £6 over next few weeks.

Success!

See below from ADVN chat board:

" this is being done as a 'Scheme of Arrangement' under the Companies Act. That means that you don't accept or reject the offer but you vote for or against the resolutions at the two meetings. Those are to approve the Scheme so if you don't want it to happen then you vote against. In the Scheme route, as opposed to an ordinary bid, if it goes through all shareholders are bound by it.

This is one occasion where small shareholders come into their own. The Court requires 75% of shares voted to be in favour and also 50% of shareholders regardless of the size of their holding"

If this final sentence is correct then its worth contacting your nominee holder/broker instructing them to vote against the resolutions if you are against the proposal. I have just done so with my 100,000 shareholding.

Very promising update this morning especially concerning the return to shareholders over the next five years. Topped up this morning

Thanks for posting Gtx1. I believe the press release represents good news on several fronts:

1. It removes any remnants of doubt about the Muddy Waters assertion that Burfords fair value accounting risked overstating its income and assets. In fact to the contrary - the new "industry standard" will result in a "moderate increase in the carrying value of our capital provision assets"
2. It removes any risk about defaulting on the terms of the bonds.
3. It validates the long held Burford belief that fair value should substantially be determined by objective events in underlying litigation, albeit this will now be refined by including an element of discounted future cash flows in the valuation. I imagine this element will increase in value as and when interest rates (and hence the discount rate) go down.
4. It provides a fixed date for the release of the audited 2022 accounts and a guide to the 23 first quarter accounts.

The stated reason for restating the 19,20, and 21 accounts is to "allow readers to review all pertinent data in a single document" but I wonder if it will also result in amended and retrospective staff bonus/payments based on the restated figures. Perhaps I am just being too cynical.

Anyway roll on 16th May and hopefully we will see some upswing in the share price in the interim.

GTX
I'm sorry if you have already stated this but may I ask how many shares you actually own in Burford? I am just trying to gauge, in light of your very consistently bullish comments, how committed you are financially. Appreciate its all relative so I am declaring that I am exposed to around 20% of my portfolio which is obviously very high but I got in after Muddy Waters, albeit at nothing like the real lows of some other posters. In fact bought a chunk at £10.30 after the press release as you will see from my last comment.
I obviously share your general optimism and I feel pretty sure the SEC issue will resolve itself satisfactorily in that even if the new methodology provides a formula that results in a lesser monetary value of existent cases it will result in a consistent valuation model that will allow investors to evaluate the value of the company more effectively and reduce the element of perceived risk in the balance sheet.
Like others I still feel its a buying opportunity and topped up a bit today before the US market opened but "Time will tell" to quote the moniker of another poster!

I agree. Just bought 5023 at £10.35. Time will tell if i am right!

yes it will be posted as an RNS at 7am tomorrow.

so 35% net on Peterson case and 73% on Eton Park. Will leave others to crunch the numbers but as a sizeable shareholder it looks good to me.

Duke Royalty are making a presentation at the Mello event this evening at 7.30pm. Reference may be made to a future placing and/or remaining liquidity
Link below to register:
georgina@melloevents.com

I bought some at the last placing and glad I did. I think Duke will prove to be a great long term source of income and as the dividend increases each year the share price will ultimately follow.

And just in time for the next dividend declaration!
Share your view on 50p, maybe more once Simon Thompson writes up his next report on the company which I am sure will be extremely bullish based on news this month.

Tipped in The Sunday Times today which should bring in new investors. Article also identifies the individuals behind the largest shareholdings.