Member Info for Redrichmond

Yes I am a fan working in the legal sector.31000 shares and a constant downward spiral, you need guts not to sell 31000 shares and just hold .I wont make that mistake again. The market is fixed for joe blogs and unless your a retail trader its hard. I wont be using stop losses again on this, will ride it out and when I buy It will be via phone and when I sell I dont reveal my hand with a stop loss and sell via phone. Lunchtime large stop hunting on a trader system is obvously a past time.

https://www.google.co.uk/amp/s/bclund.com/2011/09/28/3-ways-the-exchanges-screw-with-your-stop-orders/amp/

Very fishy these quick drop downs to flush the stop losses and then the return up. I Put a 730 sell and it sells fir 716, up £24k over 5 months but not happy

Stop loss just sold the lot.

Slowing changing laws / landscapes in the US, this unregulated market is slowly changing. A good read http://www.americanlawyer.com/id=1202785471927/Lit-Funders-Get-a-Little-SunshineWhether-They-Want-It-or-Not?mcode=0&curindex=0&curpage=2

Unfortunately this is a real long term hold.It can take many years for some cases to conclude. Buy and just forget about it Volume is down 60% 10dv3 months Im still valuing this at 1700 using the ben graham rule of thumb method

Some top up by invesco http://www.investegate.co.uk/burford-capital/bur/tr-1--notification-of-major-interest-in-shares/201703291346519140A/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Burford%20Capital%20Alert

"The current year figures for operating profit, profit before tax and profit after tax in this release exclude the impact of amortisation of intangible asset and non-recurring acquisition costs relating to the acquisition of GKC Holdings, LLC and are shown to assist in understanding the underlying performance of the Company; the prior year figures do not contain any adjustments. Without those adjustments, profit after tax would have been $6.2 million lower, and the increase over 2015 would have been 66%"

FULL 2016 Results http://www.investegate.co.uk/burford-capital/rns/full-year-results-2016/201703140701063420Z/

14 March 2017 BURFORD REPORTS FURTHER SECONDARY MARKET TRANSACTION ACTIVITY http://www.investegate.co.uk/burford-capital/rns/further-petersen-secondary-market-transaction/201703140700123417Z/

BURFORD CAPITAL DELIVERS 75% GROWTH IN FULL YEAR 2016 PROFIT Record Income, Profits, Cash Receipts and New Investment Commitments Burford Capital Limited ("Burford" or "the Company"), a leading global finance firm focused on law, announces its financial results for the year ended 31 December 2016. Highlights1 · 75% increase in net profit after tax to $115.1 million (2015: $65.7 million) and 61% increase in operating profit to $124.4 million (2015: $77.2 million), contributing to a 21.1% ROE · Income increased by 59% to a record $163.4 million (2015: $103.0 million), driven by 60% increase in income from litigation-related investments to $140.2 million (2015: $87.9 million) · Earnings per share rose 68% to 53¢ (2015: 32¢)

Oct it was 450 ish..following the same pattern, in 6 months time (unless there is some change in the law or some other black swan event) Im looking at over 1000 maybe more

Results out next tues at 7am via a RNS Management will host a conference call for investors and analysts at 2:00pm (GMT) / 10.00am (EDT) on Tuesday 14 March 2017. The dial-in number for the conference call is +44 (0) 20 3003 2666 / +1 212 999 6659 / (Toll free +44 (0) 808 109 0700 / +1 866 966 5335) and the password is 'Burford'.

I noticed it hit 750 today before close Slowly across then down then up..

I still believe this is 25% undervalued. I am still betting 200k that this will get to 1350+ Hold for a year at least maybe more. I will not sell this and in for the long term. Yes it will go down but it always goes up

Over £10 million pounds pumped in today. Tommorow will be more of the same.. 800 soon

Definately the reason its dropping The whole US industry to be investigated and regulated The reuters read is very interesting

On reuters today "CFPB signals regulation of litigation funding industry" "Consumer Financial protection bureau" https://www.google.co.uk/amp/uk.mobile.reuters.com/article/amp/idUKKBN15N2W1

Give it a few days and let the dust settle. I panicked and sold a few hundred shares.I have a stop loss of 615 on 31000 shares Black swan event ,really hard to predict changes in law if indeed this is the reason for the drop. The change in law only effects one court in northern California altough the draft was penned in july 2016 so should have seen this coming Subscribe to law360 to keep in touch with the US laws https://www.law360.com/articles/884470?scroll=1

An unregulated market is a risky one especially when judges get it in there crosshairs but I will hold.. In for the long term.. Yearly results out in 29 days