RE: DOWN LIKE A LEAD BALLON TOMOZ18 Aug 2019 17:42
"The gains after the RNS were very short lived which did not fill anyone with confidence"
Well there is still a short position open on this stock and they increased their short, I believe, when the price was about 700p. So it could be them unloading their shares and lowering their price.
Someone else mentioned below a buy back as being helpful. The possibility of it was also noted in the RNS given by the company last week. Personally I believe if this happens it will help support the price from shorts in the coming weeks.
RE: Does anyone understand this trade...17 Aug 2019 09:14
@MassiveRay. No, I'm not working with anyone on this board. As a matter of fact, I am an engineer and do not day trade nor hold a short position here. I have recently purchased some shares at £8.3 as a long term hold.
It was a genuine question. If you think it's too silly to answer please just ignore it instead of writing sarcastic replies.
RE: An excellent article on Burford in Litigation finance15 Aug 2019 12:19
Yes I totally agree it's a trust issues now. Sorry if I wasn't clear.
The only way I think they can recover is to get their accounts audited from another big firm, get a rubber stamp of approval from FCA and possibly a share buyback.
Another point I would like to make is that more short positions have not opened on this yet, which is good. I'm sure other hedge funds have looked at it with their in-house accounts to see if they can spot any other discrepancies but I guess the fact that they haven't opened shorts means they found nothing alarming.
Interesting debate "The Great Shorting Debate" between Carson Block (Muddy Waters Research) and Joshua Mitts (Columbia Law School, who analysed the market data for BUR to indicate market manipulation on 7th Aug 2019).
The debate was on 10/04/2019. Watch what they say, around 7 minutes in, about high frequency trading following short analysis being published and put into context what has happened at BUR. BUR have alleged that high frequency trading started before the the report was publicly available raising some serious questions about market manipulation surrounding this report.
Thought it was interesting. Just my thoughts. DYOR.
"it’s worth bearing in mind that MW raised some pertinent questions about the way Burford do business and the transparency, or lack of it, in the way it justifies profitability." What pertinent points? BUR have debunked the points MW raised in their RNS response.
MKS123 completely agree either way they are aligned with the shareholders.
That article also mentions: "Directors know less about a company's outlook than executives. Key executives are the CEO and CFO. People running the company know the most about where it is heading." "At small and mid-sized companies, virtually all insiders are privy to company financials."
Well as you have noted short positions of less then 0.5% aren't disclosed. So small short positions can still exist. As we know it doesn't take a lot to move the share price due to the limited number of shares being traded.
Anyway a question for you, if you don't hold and shares nor are shorting it why are you on the board? Legitimate question don't take it badly.