Member Info for HFWizard

bakky is right. If they make an announcement it will be too late! its a tricky one as while its drifting back you want to wait a little longer. but if you are not in ahead of announcement it will be too late. i face the same issue as i want to top up after the latest results.

On the LTIP. you can read it here on their website: http://www.burfordcapital.com/wp-content/uploads/2016/11/BUR-EGM-2016-WEB.pdf the bottom of page 5 states the below. seems 200-300% bonuses could be on the cards. seems rather a lot but is that consistent with law firms? Value of awards Award levels will be determined each year by the Committee. The LTIP rules provide that annual awards will be made with a maximum face value of 200% of annual basic salary (or, if the Committee considers it appropriate in the case of a particular employee, his recurring compensation (excluding any annual discretionary bonus and fringe benefits)) in respect of his employment with the Group for the year for which the Award is granted (“Base Salary”). However, the Committee has power to make share awards up to a maximum face value of 300% of Base Salary if it thinks there are exceptional circumstances justifying such a grant.

Does anyone know how big the laundry business is now? what sort of %ge of turnover it is?

Also the divi is subject to Israeli witholding tax. There is also the small matter of falling foul of the regulators. Both these factors mean this stock will never reach the rating of other stocks in its peer group. I am not necesarily saying that its bad value now but I have sold down my entire holding. I want to see what happens in the next trading update . . . .

Thanks holycustard. That's why I ask as I thought it may be overdue! might they roll into one update? Are they holding back because there is something else to say?

Hi rivaldo, thanks for the useful EPS estimates. Could you please tell me where you get them? Is it a free resource? Also do you know if they have upgraded them recently?

Do we know if we are getting an update soon?

Seems we are now seeing 500p as the ask price as i write this. i am definitely not complaining and expect more to come but do we know what caused this recent powerful week of rises?

decent summary Johnny. @ Nokki, I agree with you 190/200p is a much fairer price for this ahare and we were heading there. however the less than perfect roll out of the Japan ID card has us back here. we had news of it flying ahead and then of no profit to be booked this year from Japan. I will be watching the results very closely on 9th December or whenever the date is. it could be top up or double the position time!

Seems we have bounced back strongly from the dip down to 450p

Was anyone there today? Wonder if there was anything to report?

Three RNS today. Looks like all those funds that now sit on the board are buying more? Perhaps now they are involved they can see the potential is at least as good as they thought? Also the long term performance related options given at 140p! This just needs a few bit to go our way before the company performance (and associated share price) really start to shine through.

indeed holycustard. agree with that all. having flicked through the old RNS last year OPG gave a "notice of trading update", then released a week later. but this is not always the case. sometimes they just put out trading updatees without a warning. i expect these to be another solid set of results with only upside surprises. this looks a good entry point.

perhaps a tad optimistic right now. But if we see some real evidence of positive changes I dont see why not.

Hi Johnny, i must plead ignorance here as i am not familiar with takeover rules. what %ge do invesco need to make an offer? do those same rules apply on aim?

yes good observation 4winds. they have increased by 1.5m shares. Most days it trades 200-300k so trading 5x more than the daily average would apply upward pressure. Why now after a huge run up in share price? do they know something we dont? Do we get a trading update in this reporting season? I cant see anything last year at this time (on advfn) is the next update full year results in March?

Hi Sonofelvis, yes I agree with your sentiments. My best guess is that the US settlement is on the higher side of expectations. The rise is a read through that the EU settlement will also be a big one. This US settlement seems to be around $5bn for environmental projects and $10bn for compensation to drivers. From memory only I remember reading that the amount of effected cars sold in the EU was 10x larger than the US. So a like for like will be £100bn if the EU fined for the same amount as US per car, which is obviously an insane amount! However again from memory only the EU settlement sought (which Burford have an interest in) will be much smaller per car. Having said that I understand fixing the issue is actually very costly to fix so if the EU court said something like "all cars need to be rectified" then in some cases buying the car back off the owner at the price the car WAS worth when the fault was discovered will also be huge. So after this debate with myself in short I dont know. How big the EU settlement will be is anyones guess but with the US settling first surely the EU cant let them get away with a lowball figure!!

So looks like we have cleared a seller but still risen. Is there still some buying power left?

Hi testpack. If currency movements had that much of a bearing on revenues I would have expected a comment to that effect. I have owned this stock on and off (mainly on) for a few years. Sadly I agree that the steam has run out. I remember the half year statement saying something like the higher auac in first half will be made worth while by increases revs in rest of year. Now that has proven not be the case it confirmed that is was time to sell. I too am flat on this stock but will continue to follow.

This was a great update and cant wait until we get more detail at the next update.