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Stick to a plan / there are plenty of volatile high risk shares to trade Greatland Gold Sirius Minerals. This one is not as risky / is profitable / burns cash / recovers it when cases are settled . It may lose a costly case then the news of this will bring the share price down.
The short seller has questioned the way it runs it's business / that it is unpredictable / however it has survived and thrived due to the wide range of cases it pursues and its innovative way of expanding / using its resources. If the regulators stop it from trading in the way it does at present its growth could be stunted. What is its value now that is the question. The company needs to prove itself / be more transparent and deal with some of the issues raised by MW - Elizabeth O'Connell, chief financial officer, is the wife of the founder and chief executive, Christopher Bogart, clearly creates serious concerns about governance. She was appointed in December 2017, the fifth person to take on the role in five years. This criticism has credence and needs to be sorted pdq. The cases in process should be given - risk categories / they don't want to reveal this - as it could effect the outcome. A tricky business model that will effect the value of the business in the future. I would not expect this to go back to £20 maybe £12 who knows.
The traders will often have a core holding and also trade the volatility will make more than just holding.
I am back in today at low / the market's in the states are down Hong Kong is also a factor. The markets will probably take this down tomorrow unless the company act in a positive way. Am not worried.
Let us have your analysis - based on your vast experience. I for one know that it is impossible to predict the market / this is in stage 1 so will probably fall lower unless news sends it the other way. Tomorrow will reveal the answer. I am hoping something will drag it back up will sell my new entry if breaches stop 15%.
Let us have your analysis - based on your vast experience. I for one know that it is impossible to predict the market / this is in stage 1 so will probably fall lower unless news sends it the other way. Tomorrow will reveal the answer. I am hoping something will drag it back up will sell my new entry if breaches stop 15%.
Is your name Koko
Bought at 761
I sold out this am at high back in just before close first tranche in wife's account who had a few left and so !0% profit on total now have in her name . Am thinking Bur will need to do more / before open like this am was not enough so thinking in their place would buy more or buy back. Their employees will losing on this / they want to win so need to act.
Whatever / the price is falling the reason who cares. People have made money wonder whether to sell decide to do so take a profit. The other side is looking to get in n / not too early though. The greed factor and the safety factor and the mm's who are making money both ways want lots of action. This am they made a lot raised the price people bought - more joined in got rid of overhang at nice profit - price rises people like me sell if I see weakness. Can always wait having taken profit price drops mm's can drop it a bit more not too much / get the thing moving the other way etc. Its a market with a mix of people. Volatility is money / then losers are those that are going against it. Play it wrong / we all get it wrong some of then time / stick to a plan.
what happens happens who cares as long as people make sensible decisions
Most of these were before the short attack not going to make any difference its what the traders think / v dodgy could catch a cold . See City Aim article www.cityam.com/window-slams-shut-on-litigation-funder-floats-after-burford-capitals-terrible-week/
The attack by shortseller Muddy Waters on Burford Capital last week has slammed shut the window on other litigation funders looking to go public.
Muddy Waters criticised Burford’s use of fair value accounting – the inclusion of unrealised gains – and accused the funder of “aggressively marking” the value of the cases on its books, something Burford denied.
The Aim darling-turned-lame-duck lost nearly half its value on Wednesday before recovering some ground after it fired back at the shortseller.
With fellow shortseller Gotham City Research lining up to take a shot at Burford and a swarm of claimant law firms readying shareholder class action lawsuits, Burford faces a struggle to convince the market of its bona fides.
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Read more: Burford Capital share price surges as it blasts shortseller Muddy Waters
The affair has smashed confidence in what looked set to be a growing listed sector.
Two litigation funders – Manolete Partners and Litigation Capital Management (LCM) – listed in London late last year, but they are unlikely to be joined by any of their peers any time soon.
Augusta – which describes itself as the largest litigation funder in the UK by number of cases – is understood to have recently examined a London listing.
Vannin Capital announced its intention to float last September, before pulling its offering, blaming a volatile market.
Vannin said it was pausing until conditions improve. However, its failed float is a case study of the problems litigation funders face on the public markets.
Firstly, the firm delayed the publication of its prospectus after telling investors it expected to lose several million pounds in a case it is funding against Costa Rica, highlighting the unpredictable nature of litigation.
Read more: Listed litigation funders scramble to avoid Burford contagion
Secondly, in its 2018 accounts 100 per cent of the revenue it booked was based on fair value movements on investments.
The only investments that crystallised that year resulted in a £5.1m loss.
Hardly a cast-iron investment case.
Manolete says it deals with the issue by funding lots of small cases with a fast turnaround time; LCM, by using conservative, cash-based accounting.
The fundamental question is how do you value lawsuits? Even with the very best case things can go wrong; the judge might have a bad day, a jury could be won over by a mercurial performance by an opposing lawyer.
Such techniques are wise, but one has to wonder if this is one sector of the business world that’s largely unsuited to public markets.
Share
If it does will gain when sell half fill or kill have now set at -15% as lowest price - sell at open 300 shares.
The rest will keep / trade once know the score.
If it does will gain when sell half fill or kill have now set at -15% as lowest price - sell at open 300 shares.
The rest will keep / trade once know the score.
Why panic buy the volatility is always there you will get in as it fluctuates. I was watching it rebound from its first down on the 2nd day up 8% then nothing could stop it as crashed 63%
When you experience that and are losing money hand over fist /then trade back into profit you are cautious . Now further **** is published / no substance / you think though will it happen again and prepare in case it does.
fill and kill is taking any price not lower than -20%n in my case that is what will set up tonight - may lose a lot less play safe is the rule for me on this one still have half to play with as think fit still have over £2000 worth to play with if the half on fill and kill sells . Do not trust the markets on this one anything can happen am playing it both ways.
I mean in the fake world of uninformed people they are scared of the volatility which has happened since they have been damaged / reputation was wrong word. They are damaged goods in the market place. Fair game for the nasties.
Decided fill kill -20% then if this goes through better than the worst price make decision live myself re rest. Yes will be getting up early am 71 and don't sleep well. Good luck just giving a real view not ramping or reverse / anyway nothing said here effects anything.
Trouble is you are wrong Mail On Sunday - there is bad press / fear mongering even if there is no real substance. This share has changed direction is a day trader stock forget the past its reputation in in shreds / the share will retrace on Mon - I for one will make a decision this evening on how to play it. Get out fill or kill preparing to lose / wait till open may be too volatile to get out using HL platform if price slumps. Open can be dire then improve so sell half play both ways. Keep the lot is not on!!!!! I am not worried about what people think on here. I am back in profit do not want to be badly down as was before traded out / had to get up early to do this for gods sake.
https://www.hardmanandco.com/research/corporate-research/results-dont-need-to-be-appealed/?dm_i=49CL,MS68,VNXZ6,2OFNU,1
Risks: The investment portfolio is highly diversified, with exposure to more than 1,100 claims. However, it retains some very large investments, which means revenue could be volatile, particularly in the smaller divisions. The Petersen case shows that this volatility is not simply a negative.
nvestment summary: Burford has already demonstrated an impressive ability to deliver good returns in a growing market while investing its capital base. As the invested capital continues to expand, we would anticipate that the litigation investment business will continue to generate strong earnings growth.
Link to full report