Member Info for SinkingFeeling

Private equity’s workaround to buy law firms https://www.ft.com/content/6d4719db-a274-457c-9d48-a919374f3838

There is certainly the appetite for law firms, and the money, and sights are scanning for targets - I was hoping they'd answer that question, because it's typically regarded as 'too difficult' legally, but as they say, where there's a will, there's a way...

Boy this is volatile - wish I was better at trading the moves, but I do feel Burford has been pushed too low. If there is a trade, historically it's to buy the run up to results, and sell just before. Maybe they can surprise this time...

Fairly low volume, though it's difficult to tell.

Ever get the feeling our Don Bogart-Quixote tilts at basket case government windmills out of a self indulgent personal challenge, rather than actually making money?

This is one miserable 'investment', but I've lost track of upcoming rulings? - have a feeling there's something soon and topped up a bit. FV downgrade last ¼, presumably from auditors, hopefully congo won't give cause for another, but cash looks reasonably flush. Next results soon.

I put yesterday's drop down to this, but i think Cameroon is still in the frame.

Quite a significant increase in Blackrock's holding. I think the shorts have dropped a bit too.

And with the stated intent to prosecute Maduro in the US, and Trumps primacy of US jurisdiction, the frankly absurd comment from the panel in the aural arguments that 'it feels like it should be heard in Argentina' seem even more out of kilter.

new year - same old ****

At the rate I'm topping up (and I'm supposed to be selling down!) it'll be me soon!

At MCap of £1½b, management's tolerance of the huge discount to book is going to be finite - I'm amazed Burford is still publicly listed.

Er ... yeah!

'Three big wins' not in the numbers, but to look forward to.

If i was Preska, I would be somewhat offended by the line taken by the appeal judges; it's quite disrespectful of her diligence over a long period.

It is ETM. Sounds like ETM are glad to move on from arbitration to litigation.

"Pay" (inverted commas), I think was a significant statement of intent for an alternative to standard recoveries/cash.

It is surprising the market isn't picking up the nuance in the statement - I guess their AI scrapers aren't that intelligent after all.

I do wonder if a fund or individual with more leverage than Burford might buy the case from Burford, if not the whole company.

I'd be very surprised if the next short calculation doesn't show an increase, if only to hedge the selling of the past couple of weeks.

This must surely be a source of embarrassment and discredit for bogart - six years on from muddy waters, and far from a vindication, the SP is even more forlorn than way back then.