Member Info for Redrichmond

Why worry.. just ask the following 1)Future Outlook: What are well-informed industry analysts predicting for BUR’s future growth? 2)Past Track Record: Has BUR been consistently performing well irrespective of the ups and downs in the market? 3)Has the business model changed/management changed/law changed? If these are NO then HOLD Exactly the same pattern happened a while ago where I sold and lost £££££ when I bottled it.. What is happening is the big institutional investors are "tree shaking" to push the price down... happened before when it went down to 700ish you sell they buy.. then it went up to 1000 Results March 14th 2018 Im down 50k in a few weeks and no way selling..hold for 2 years at least

Well done , I just emailed investor relations who confirm what you said. I will get on to h@l to update there feed "Burford does not have an EGM scheduled for this December. There was an EGM last year on 15 December to approve Burford's new LTIP"

15 th Dec, anyone know whats being discussed?

I just love this company and probably would have not invested in it had I not worked in legal in a top 10 global firm A few instituitions shaking the tree the last few days to trigger stop losses and force people out so they can hoover up the shares https://litigationfinancejournal.com/one-law-firm-circumventing-germanys-limits-class-actions/ Just a licence to print money, with all new avenues opening up in asia (singapore tie in with Norton rose fulbright) and a case in germany. Onwards and upwards still at 2500p for me using a ben graham rule of thumb The company's current normal earnings per share are: $.068 The estimated medium-term (5-7 year) EPS growth rate is: 18.33% The growth multiplier is: 1.5 The yield on 20 year AAA corporate bonds is: 3.22% I dont use a stop loss any more as the same thing happened around 700p and I lost out on a nice growth spurt A 5-10 year hold... Please dont sell and panic , shares go down and you will never beat the computer algorthms that are designed to push prices up and down. Enjoy the ride If the business model never changes theres no reason to sell.

Regarding your forecasts... No I have given up looking at forecasts.. An interesting read by david dreman contrarian investment strategies (one of the best of the 9 have read so far) has a chapter on how "most of the estimates /forecasts are incorrect" . Theres a fascinating section on why very little issue Sell recommendations and why "most/nearly all of the companies are paid by the company they are researching".,.. These incorrect forecasts really far off hammer the share when results come in and actually the results are okay but the forecast was incorrectly calculated. He uses real examples.... I would recommend reading this and it opened a can of worms that I never knew existed.

My holdings are BUR, MGNS, IAG and SOM... SOM is letting the side down and down 9% since I bought 6 months ago,, I will give it more of a chance as the golden cross is appearing.,,,, Then I will dump it into BUR, BUR is continuing to grow in Asia and Tied into a deal with Norton Rose Fulbright in Singapore. I only invest in what I know or the industry I have worked. I have worked in legal and see the massive profits/charges to clients. I don't care if it goes down I wont sell as I know the business model... Its a 5-10 year hold plus... I should be able to retire... The mistake I made before was dipping in and out and I should have just rode the waves and held...Charts help but its the data I look at the EPS and Sales growth from previous years to current years.. I have read 9 books this year so far , some really heavy some easier... One thing I know is I,m not perfect and keep making mistake's but trying to not re-make those mistakes.,.. One famous author stated if you get 3-4 picks out of 10 correct you are going well.. The main thing I have found is to make real money is actually boring.,.. meaning you hold for years and do nothing...hence why I am reading so I,m not buying and selling like some share trader.. All the buying and selling eats away the original investment (spread and charges etc)..Take up yoga or something and like a healing wound try not to scratch it... meaning don't sell!

I have held for 6 months and bought in at around 320 so down on my money. I should have done the call with management 1st then bought in..I don't know this industry and more invested in legal which I,m up 100% over 1 year.. I m thinking of selling out and going more into legal (BUR)..I think it will be 2 years + before we see SOM up a lot..to even 350

Reading through the The Construction Backlog Indicator (CBI) for October based on Company size does show some hope:- On a recent call with Somero , they tell me most of there customers are of the bottom to middle size companies... So less that 30 million turnover... "Backlog at firms with annual revenues between $50 million and $100 million remained longer than 9 months for the fourth straight quarter. This is a group weighted heavily toward commercial construction firms, which have continued to benefit from the construction of a large number of hotel rooms, office buildings and fulfillment centers. ⦁ Backlog among firms with between $30 million and $50 million in annual revenues rose to 10.9 months during the second quarter, the third highest reading on record. As the construction recovery has broadened, more of these contractors have been busy, in part because larger firms are no longer able to accept all available work. ⦁ Backlog for firms with annual revenues of less than $30 million remains remarkably stable at 7.5 months. Backlog for this group has been between 7.2 and 8.1 months for eleven consecutive quarters, a reasonably healthy level" .........................http://www.abc.org/NewsMedia/ConstructionEconomics/ConstructionBacklogIndicator/tabid/272/entryid/9674/abcs-construction-backlog-indicator-returns-to-earth-in-second-quarter.aspx

This came yesterday. I have a little library going now.... ..........High Returns from Low Risk: A Remarkable Stock Market Paradox....... ......Pim van Vliet, Jan de Koning......

Subscribe to this https://litigationfinancejournal.com "In a bid to further the island territory's ambitions to become a leading center of international arbitration, the Hong Kong government has announced $25M (HKD 200M) in additional funding for the Hong Kong Competition Commission (HKCC). This funding comes on top of the annual grant that the government provides to the HKCC, and will enable the organization to bring cases to the Competition Tribunal against businesses suspected of violating the Competition Ordinance." Burford you need to hold for 5 years plus..forget all this buying in the dips and charting stuff its a waste of time. The business model is sound. Shares are about waiting sometimes for years I bought at 489 and kept dipping in and out like I was some international share trader. I have lost more/missed out on growth.Fees and spread when you sell and buy all add up. I have held and just left it. Im now up 100k in a year in my pension.. i worked in legal and inow the average case takes 2 years and some times every longer to collect the money (if at all). Burford continue to grow there business and the market keep offering possibilities. Why sell if the fundamental business model stays the same. You can never guard against black swan events, law changes ,war, etc Benjamin graham rule of thumb value model has this share valued at 155% undervalued at 2978p. When I valued it before the results the value was Approx 1300 which its not far from. It wants to zoom up but it will Track sideways and down and up etc.. the trick is not to sell. Which is very hard sometimes.. im spending all my money on books and reading and its teaching me to be patient and all the evidence shows you need to wait years.. never sell... just hold

Expect another 2-5% drop before the interim div date of the 20th oct. I,m up 168% in my sons pension on this, I just wish i didnt dip in and out from 400 in my own SIPP. This I wont sell and will go over 2000 at some point. (Benjamin graham rule of thumb has it at 2300) Im reading one of the best books of all the books I read at the moment ( Read a lot of investment books) Contrarian Investment Strategies: The Classic Edition: Beat the Market by Going Against the Crowd Hardcover � 5 Oct 1999 by David Dreman (Author) All based around the human element, I lost a small fortune on the spread and the charges every time you buy and sell and dip in and out.. I m trying to hold for 2 years without selling, which will be a record.. I normally dump shares after 4 months only for them to go up. I made 50k in Bur in 1 year on my sipp so I,m happy

I can only hope that BUR has jumped in on this to help fund in some way. Equifax will be finished after the huge data leak and where they sat on it for 6 weeks and insiders sold all their shares before releasing news to the market recently. CEO ahould go to jail. So far theres a 70 billion law suit..law is just crazy..Confetti money...

23mins and 50 he talks about Burford funding the 1st litigation case starting 3 months ago in Singapore since the rule changes allowed litigation in singapore and hong kong....very interesting pod cast where you can learn more about the future and the copy cat companies trying to get a piece of the action and how burford has a moat around their business model... im going to dump more £££ into it.

A heavy 30 mins but interesting ----- http://www.law.com/sites/almstaff/2017/08/29/a-half-billion-dollar-bet-burford-director-dishes-on-lit-funding-industrys-future/?slreturn=20170730094713

Wouldnt be surprised if it drops to 950 ish before tracking back up.. As I see colleagues offices stacked to the rafters with their legal case boxes gathering dust going on years and order books with another work for 10 years with brexit, Burfords must be just as busy.What a rosie future. Im going to send elizabeth o connell the BUR investor relations person a xmas card. Im up 100k in a year in my pension. Its going to be a share price of 2500 + over time as they strangle market to be the sole funders....Long may she run :)

Just keep buying in the dips and wait... Fear is gripping the US markets around this talk of a goverment shutdown so just ride it out. I see another great opportunity When litigation is allowed in scotland and the law bill currently going through the scotish courts dont inow how much its worth though,not as much as the states but they are building a massive share of the worldwide market Burfords business model hasnt changed just got stronger , so share price is just temporary. They are growing the bankruptcy side of the litigation business also These Burford lawyers are super intelligent and this business keeps finding new products/processes to extract money. Amazing future...way ahead of the competition....

Alas... bUR isnt funding the appeal---- "According to a news report by Commercial Dispute Resolution Magazine (CDR), the law firm, which represents Walter Merricks, who brought an action against Mastercard on behalf of thousands of consumers, confirmed an appeal is being sought. Burford Capital bankrolled the original claim but reported it won’t be funding the appeal. The appeal instead is being funded by another well-known player in the industry who hasn’t been identified in the report"

Its been rejigged and they are trying again to sue mastercard for 14 billion...backed by BUR....will be interesting if its thrown out again..... http://news.sky.com/story/new-bid-to-reclaim-14bn-for-mastercard-customers-10989399

You would need to look at the trade types.---- I emailed H&L to get confirmation on UT Trades, to my knowledge BUR applied and got on the SET order system on may 8th. It seems to me now as previously mentioned , its harder now to see real deals until after the market has closed where an auction can take place to decide the price........ http://www.investegate.co.uk/article.aspx?id=201705080700082271E "The uncrossing trade (UT) reflects the price at which a security finishes trading once the daily closing auction has completed. At the end of the normal trading period each day (16:30), order-book securities such as BUR are subject to a process known as the closing auction period. During this period no trading is permitted, but direct market participants (normally trading in institutional sizes) can input orders to take part in an auction at 16:35. The result of this auction determines the closing price. This process is repeated each morning when an opening auction takes place at market open (08:00), and again at midday"

Only a black swan event not seen in 50+ years will stop this propelling..Just because the shares goes down doesnt mean a change in the underlying business fundamentals... Anyone seen kim jong un out and about?