Member Info for Gtx1

Litigation capital PLC it's share price and PE of over 15 is holding up with no problems so far, it's not exactly like us though they mostly do what we do. litigation funding, they also will shine work wise during this recession, given some space I'm more than confident burford can match that 15 times PE in the months and years ahead, though to be fair burford has the capacity in its pipeline to increase its earnings way beyond litigation capitals. What litigation capital doesn't have is a couple of short sellers on there case, I guess the bigger you are the more the likelihood of getting short sellers.

There seems to be good each way buying and selling in burford , so there must be some shorting and selling going on in the background to pull us back to this level, which is half litigation capitals PE, how ridiculous Low is that then !! MW legacy,
And Carson Block just looks for its next victim, and in this climate he just has to pull the trigger to make a fortune at the expense of nervous investors,

I think a reasonable profit taking / sell off right now may not be a bad thing, as some acknowledgement and correlation to the underlying economy may make investors less nervous in the short and even long run, and opening a calmer way forward to our USA listing. If Burfords profits come anywhere near its expectations with funding money that was deployed, then our share price could very easily revisit its historic highs of the past.

I would just love for Chris Bogart to approach Warren Buffets office to see if he would like to deploy any of his huge cash pile , and with some sort of reasonable secure guarantee on money employed, just to get any financial endorsement from Warren Buffets office would send our share price flying , the returns on money employed is exactly what Warren Buffett needs in percentage terms, they help us we help them, all additional funding pathways should ultimately benefit everyone.

The share price we've been here before , it simply doesn't reflect the astounding earnings potential of Burford.

CHEERS EVERYONE.

Yes TWT a excellent example of Carson Block throwing himself under his own vehicle, also the similarities to his statements around tesla going bankrupt and burford being insolvent in his opinion, he also lost money on PUT options on tesla, basically shorting the tesla stock, he tried to put a spin on it that he was only using tesla convertible Bonds and used the coupon payments to buy long range put options on tesla, he didn't disclose the amount of the loss , so it's reasonable to believe he lost plenty on that gamble, he's about making money out of any company that seems risky , with a possible overstretched looking share prce, and perfect for him to scare investors into selling up in panic, he just needs the most nervous investors to sell first and the rest will happen automatically, and netting him a fortune, though he didn't do his home work , or he may have found out that ELON MUSK isn't just a one trick pony, but a very possible new battery innovator that could transform the whole battery market in cars and practically any other electric storing device, including the solar market.

My point being he gets it wrong every so often, and burford is another of his targets that he's got wrong, if he had done his homework on burford he would have found out the litigation funding market is still in its infancy just like the newly developing battery market, and burford is only just starting to show investors what can be achieved in its area of expertise, the actual funding needs of the whole litigation funding market hasn't even been fully understood yet, burford could one day play a small or big part in every area of smaller law firms needs, not just what they do now , as in around 90 of America's biggest law firms, they took that 32% equity stake in PCB the other month, " just "what if Chris Bogart sees himself like Mark Zuckerberg at facbook, or Jeff Bezos at Amazon, and C,Bogart ultimately wanted to build the equivalent in the legal world, not just basic funding but by spearheading numerous new legal revolutionary idea's around law practices, or a take equity stakes in as many law firms as possible to make sure burford capital has a really solid turnover every single year. And no more lumpy earnings reporting. I genuinely feel that right now c, Bogart sees burford as his baby, and he wants it to flourish just like the other aforementioned,/ Zuckerberg , Bezos , and what better a time to start than during the best time possible a recession. I believe he can achieve many of the things I've mentioned, because it actually looks very possible to achieve.

https://www.bloomberg.com/news/articles/2020-07-16/carson-block-warns-tesla-short-sellers-i-wouldn-t-do-that

Good night and cheers everyone

TWT I wasn’t aware of that very good point you made , MWaters also hit Tesla You say!.

Big buyers nibbling away here and yet no major jump!! So far, these computer algorithms have a lot to answer for ! LOL. The markets are nervous enough in August, though we have a virtual guarantee on our earnings Over a very long time period, someone on here mentioned Recently that we could have a 3 x PE this or next year, that figure wouldn’t surprise me in the least, I believe the funding requirements for Burford during this downturn could double even triple or more our current spending, Equating to the equivalent rise in our profits. At the moment our SP is like a. Ship without it’s rudder.

Cheers everyone

Agree warno01

Around a year ago Tesla stock languished around $2.47c and very few people could see it's huge potential and now after the pennies dropped with investors it's now hitting around $1887 , I think burford will have a similar journey, it may take a few earning reports for the real penny drops with American investors , it's astonishing to see big buy transactions in burford totaling approximately around £54 million pounds in the last several weeks, and yet the penny still hasn't dropped with uk investors, burford is exactly what most investors need for a balanced portfolio during any downturn or bull market, once burford shows the markets what it's capable of then I'm convinced burfords share price may even surpass that of tesla, though obviously not the company valuation.

The UK tabloids may not have picked up on that huge £33.5 million buy the other day as it was negotiated at a lower level to the current SP, though the evidence is there ok with the increased RNS shareholding, sophisticated investors are now look for safe homes for there money , so it should be of no surprise to see a a billionaire Saudi Arabian AL RAGHI and large investor double his holding in burford, I'm convinced burfords is one of the best places for money, in or out of any downturn.

CHEERS EVERYONE

Luckypunt14 just find out which share has the potential to double in price in the next 6/12 months. It's obvious to me which one has that potential. Good luck whatever you buy.

CHEERS.

dagoberia great spotting,,,, so now we near enough know who the mystery buyer was/ The AL RAJHI FAMILY and worth £ 5.9 billion pounds, could our sovereign wealth fund be the $300 billion saudi Arabian sovereign wealth fund ? Very possible,

They are selling many blue chip shares right now, including 50% of its stake in Berkshire Hathaway. They are looking for recessionary growth stocks, so burford capital could fit that bill very easily indeed,and

https://www.msn.com/en-us/finance/news/saudi-arabias-24300-billion-sovereign-wealth-fund-sold-off-50-25-of-its-stake-in-warren-buffetts-berkshire-hathaway/ar-BB186BEM

https://english.alarabiya.net/en/business/economy/2020/08/15/Saudi-Arabia-s-giant-sovereign-wealth-fund-exits-blue-chip-stocks-buys-ETFs

CHEERS EVERYONE.

BBH they must have negotiated that price of £520p
It can work either way , above the current SP or below it, it’s just my best guess, I don’t Know who they definitely bought the shares off. there may have been several big share holders Wishing to sell a small percentage of there holding for cash, and someone matched that buyer and those sellers up.

Or maybe maybe something else took place?

The Cayman Islands buyer, they don’t want to be identified, so could it be the SOVEREIGN WEALTH FUND ,picking up a big holding as they intend to make sure they are the preferred funder for the substantially increasing needs for higher funding during this downturn, we know the funding requirements will probably go up during any downturn, the opportunities here could be very substantial indeed, I think C. Bogart mention that very scenario during his chats with investors.

There’s just no one out there with Burfords clout to take on billions of litigation lawsuits during this downturn, that will inevitably lead to much higher profits in the future. I’m just thinking out loud here.

Cheers everyone

Mithaq managed to pick up a extra 5 % holding to take them to 10%. That looks like a very clever move, there won't be to many free floating shares left at this rate for our USA listing, that should hugely underpin a much higher price in the future, I didn't see that one coming, I'm wondering did they approach other large holders to see if they wished to turn any of there holding into cash. ?

Great news CHEERS EVERYONE.

Yurif it's nothing to do with any individual case whatsoever, that case in question £450m burford are winning so far in the courts in that case, the sum of money employed for burford in that case is small in comparison to its overall budget, maybe £20 + million burford now needs to convince the Liechtenstein courts that there system of trust is holding the property of a divorcees settlement . I accept its a big ask to get that granted, though Liechtenstein has in the last few years changed its out dated system of governance.

CHEERS EVERYONE

You don't get insider dealings with them sorts of in your face sells, it would be to obvious, this would be a strategic change of direction for one of our big shareholders, a directive of being told to hold more cash than shares in X amount of companies, it can hit sentiment and short term confidence in any share, though the huge multi million pound big buys from the last few weeks didn't send the share price up for to long , so the same may be expected from this large sell, it's reasonable to expect large shareholders with huge holdings to reduce any exposure and hold larger amounts cash reserves, as far as I can see nearly all institutional and large shareholders have reduced their exposures to the market in general, I'm sure that will be confirmed very soon, it will always make X amount of nervous holders follow suit, and then back to a normal SP trading pattern, normally upwards , though it's nearly always a great opportunity to pick up cheaper shares at artificially lower levels. I've seen this happen countless times, it's a common occurrence during difficult times and completely understandable.

CHEERS EVERYONE.

Buying this share is a true act of bravery, if it gets the permits then 70+ p if not a lot more, and if no permits granted = SP zero, though now with countries suffering historical recessions the likelihood of getting the permits is much higher than ever before, though still a do or die punt. CHEERS EVERYONE and good luck .

3stages that substantial and very well thought out post is very much appreciated, excellent post thank you.

CHEERS everyone.

Argentina have saved themselves a fortune by getting these debt holders to take a lot less than they wanted , that leaves more room for Argentina to take on more debt and payout any settlement payout on sovereign bonds, this is very good news for litigation case,

https://uk.reuters.com/article/uk-argentina-debt/argentina-says-it-struck-deal-with-creditors-over-65-billion-debt-idUKKCN25010E

CHEERS everyone

Great spotting GG, that should clear the decks for Argentina issuing new sovereign bonds to pay for our near certain litigation settlement win. Great news.

CHEERS EVERYONE

It looks like all the markets are going for a healthy pullback, I'm personally glad to see the American market take stock of itself,
From what I've read it should come back in a better position and still on a upward trajectory,
world markets? it's a eye opening learning curve , difficult to understand even for all the experts.

TWT burfords management I guess will just carry on regardless to what's happening with stock markets and the general economy, that's why they will just work and power ahead , any delays in cases will just mean a bigger profit in the following year, and a great cheery picking of the best lawsuits around, the very best of burfords profits should only be a year or two away, in the mean time we will still get a profit to double our current share price , if we can speculatively jump 50p the other day on one large share purchase , can you just imagine want kind of jumps we will get when burford releases some solid good news.
CHEERS everyone.

I agree with you sanibel burford needs some positive news to drive the SP upwards, though burford states it's making no company news announcements this side of our results in September, so that leaves us with only speculative news flow = £11 million buy orders ,.

Carson Block and MW hits on companies?, his desire to make money can very easily get distorted and hold really good companies back from turning into global giants, he finds weaknesses in companies accounting strategies and goes for it, he could target thousands of PLC companies in exactly the same way and be just as damaging, investors just instantly flee , making MW and fortune, he says he's doing investors a favour, but in truth he's only interested in lining the pockets of his company. If Burford had done anything illegal then we couldn't get a USA listing. And Bogart would be jailed . That's the bottom line for me.

CHEERS everyone.

Someone for some unknown reason authorized that purchase of £11 million pounds worth of burfords shares ,
I bet that reason will come out over the next few weeks or even months, in this climate with a pandemic everywhere and companies being tight with cash , the buyer must have had some sort of excellent information to commit that amount of money, they've known we are listing for quite some time now, they could have bought at even lower levels,

So I'm convinced that buyer is In the know.

Burfords shares are still laughingly cheap compared to American stocks,

Bar any normal Dow Jones taking of profits sell off , I can easily see burfords shares motoring ahead,

I've never seen a huge buy order like that and a share go down for any amount of time, something will be revealed by burford to justify that huge buy order of £11 million pounds worth of burfords stock. I would expect them to at least double there money over a short period of time. It's probably one of the biggest endorsements of any share ive ever seen, and especially
as burford has been out of favour with the market, maybe that but is the first of many to come our way, and especially as the American institutions will buy serious amounts of our stock, Bogart indicated that they would buy our stock, many will actually have to buy our stock as American institutions must buy X amount of the higher valued and different indexes companies shares.
Now just how many of them types of purchases $11 million buys will come from America, and considering we are a largely recessionary proof company,

Hopefully after we have cleared out the profit takers today we can head upwards again ,

CHEERS everyone.

Sorry about the typo errors ahhhh

That single £11 million pounds buy of burfords shares has gave investors new confidence to follow suit , I come see the shares motoring ahead now.

That 2 million purchase was seen on the guys here yesterday, I seen it with my own eyes, FFC member brought it to posters attention.
CHEERS everyone

Nearing news flow