Member Info for JammyC

Where and when's the bottom? I think only you can decide. Nobody on here actually knows, it's all speculation and many forces beyond anyone's control or understanding.

I don't know the implications. I have roughly half in an ISA and then my later buys during the crash, prior the the new ISA year, in a regular share dealing account. I would have thought share values would be kept in sync by either the MMs or Arbitragers. I used to do Sports arbitrage but not sure sure how it would work here, however I presume price differentials wouldn't allow a margin that would make the activity worthwhile with the small funds I have and the fees that would be incurred.

Is it down to the PI to select or their broker? I had presumed iWeb would decide on my behalf.

As for where the SP will be in 12 months? If I could accurately predict Burford price movements, i'd have earnt myself a hell of a lot more. I think it should be around £20, but if its at £12 i'd be happy. In honesty, I expect c. £10.

Hopefully it will be someone other than Bayford. Still awaiting an RNS re. the promised special divi.

Obviously my projection is tongue in cheek, but possible, due to the magic of compounding and the business model. Whether an IRR of 24% can be maintained is debatable. With more capital targeting the same opportunities, margins must give. On the flip side , in the future, I believe the addressable market will become enlarged and less rigorous underwriters may get burnt and serve to deter market entry. Regardless, I think this share has massive upside opportunity and this was reinforced by the presentation earlier today.

Yuri, Yes, I see a number of sells at less than 671, but also (although less) trades at above. The price may go down tomorrow, and the next, but I think by Xmas it will be determined as a good move. The price could also go up tomorrow and I don't wish to miss out.

If we take the conservative approach and use the lower rate of IRR @ 24% (which has been maintained over a 10 year period and apply it to todays SP close of 671.8, we get:

2021 = 833
2022 = 1032
2023 = 1280
2024 = 1588
2025 = 1969
2026 = 2442
2027 = 3028
2028 = 3755
2029 = 4656
2030 = 5773
2031 = 7159
2032 = 8877
2033 = 11,008
2034 = 13,650
2035 = 16,926

Ok, i'm bored now and guess you are too, but you get the point. Burford is a compounding machine:

https://moiglobal.com/artem-fokin-201901/

For those that missed the presentation:

https://www.investis-live.com/burfordcapital/5f60779e17395d100039b233/remm

I was quite impressed with the content and the delivery and think it bodes well. Unsure why the fall but expected it and capitalised on it. Managed to get myself some freebees. Let's see where we are in a couple of months.

100 may sound ridiculous but when you consider the IRR and the effect of compounding, its not pie in the sky. One step at a time though. Lets hope this momentum continues beyond the US waking up today and the Investigator call. Would be great if we could close at a intra day high.

Al the best to the LTH and whose just awaking to the potential here.

LIT's results were supposedly impacted by court delays and were received poorly, with a fall in SP despite a buy recommendation from ST in the IC. I don't know LIT as well as I do BUR, but BUR ramped up deployments 3 tears ago and those, one would hope, should now be bearing fruit. If it hasn't hit the balance sheet already, it should very soon.

BUR still looks very cheap, even against LIT that received the tip. I'm not so sure that the US listing is in the price as the US have not as yet been able to buy via their own exchange, nor to my knowledge, has it been marketed to US investors.

I see that short tracker details disclosed shorts of 1.75%. These will need to be bought back and if I were the II's I would do so before the shares became available on the NYSE as I can only see demand rising.

But that may be my problem as had I sold a tranche each time we hit £6 and bought back a couple of days later I'd have a much larger holding. As a long term hold I cant see a better opportunity.

I'm still here and holding. Just haven't got a great deal worth sharing. I think the board would get bored of my constant complaints every time we hit 600 and then drop. Each time I think its different but each time it drops. I haven't traded it once as believe it will suddenly sky rocket and don't want to miss out.

Not only financing the case but they hold a 32% equity stake in PCB who are litigating and specialists in asset recovery. That said don't count your chickens...

Check out the nearly 2 million after hours buys at 573. Maybe back to 600 in short order?

Segro has just been tipped by IC. It currently has a 38% premium to it's NAV and a 2.1% yield. If BBOX had the same premium we'd be at 207p and a 3.4% yield (at the previous 7p guidance that was withdrawn due to Covid)

Buy high, sell low!! They have been fairly erratic so it doesn't really surprise me, nor worry me.

Is BBH still around? Interested to know whether you're back in and at what level?

I see that as good news as it means they still need to buy back.

Twt - completly agree that a long-term view is required, and unfortunately the sharp rises and sharp falls are part and parcel of this share. So aslong as we are right in the fundamentals, which seem incredibly strong relative to other sectors, this is going to be winner.

As for how low or how many days the slip may go on for, I have no idea. For what it's worth I've got my 10% and a little bit more back as didn't want to risk this recovering to close to yesterday's close.

If the slip continues, I will buy more as don't know of a better opportunity - if anyone does, please give me the heads up!

Didn't expect us to break through the top of the bollinger band and the 200 day SMA. Annoyingly I sold 10% @ 575 thinking this wouldn't happen without news and that I could use the funds to buy back more when it inevitably dropped lower. Feeling a little silly and annoyed with myself!

Yuri - just found the video. I'm all for free speech but agree, the video makes no attempt to even put forward any reasoning. Hopefully it will be pulled soon.

I'll wait it out for £50 in 10 years thanks. Burford... a compounding machine:

https://moiglobal.com/artem-fokin-201901/

https://moiglobal.com/wp-content/uploads/ideas19-artem-fokin.pdf

Still got your short open?

TWT - Watch from the sidelines?!? I wouldn't want to be sat out when momentum eventually seems to be with us and the SP is still undervalued.

Yuri - why do you think the listing will be delayed until then? The interim's where to be delayed until Sept so that the listing could get under way. I'm expecting news on the outcome of the listing application before the interim's. Hopefully I shan't be disappointed.