Member Info for sonofelvis

Thank you. As my shares were bought through Shard I don't get the annual report. Two thirds of revenue on recurring 3/5 year contracts is fantastic; most companies in almost every other sector would give their eye teeth for that sort of profile. In time the institutions will take this in & as the company grows many will have to have funds in this company & its unique sector. Just bide your time as I'm sure you will. With the natural growth, great cash flow enabling many more acquisitions the eps in two years time could easily double. It might then get a more normal say 15 times earnings for a growth company. That could see the share price multiply. Thanks again.

The remaining assets have now been reduced in value by some $24m or 16p per share to $86m or 58p per share. with a dividend of 32p that leaves 26p per share. If the June 30th valuation includes the $47m cash or 32p, the remaining cases have been hugely reduced in value by well over 30% i.e. from 42p to 26p. In the past the final proceeds have quite often well exceeded their stand in cost price. It must be very difficult to value a future legal case with the outcome varying greatly sometimes to show a loss. One or more of the remaining cases have clearly lost a lot of value & must be in some doubt. It is a fascinating question as to whether the remaining 17p of share price will bring in 26p cost or perhaps a great deal more if the write down proves much too conservative. The timescale is also a factor as the cases could take several years to finally finalise with company expenses ticking along each year. Sadly quite a gamble after some very good years a while back.

Very good recommendation in this weekend's Investors Chronicle which often has an effect on a price after the weekend. Also it breaks a new high for 2016 so the chart seems to show we could head back to 180p & then onwards & upwards hopefully/

With no interest charge, the pre tax profits will be $1,000,000 higher in the 2nd half. But with MDRX fully integrated by end June, the 2nd half will include a full 6 months running at a higher rate than when acquired in mid February 2016, & presumably only contributing 4.5 months of profits in the 1st half. The 15 new clients acquired in the first 6 months will all contribute a full 6 months, plus x months of any further acquisitions in this half using the $9m in cash at end June plus the cash generated in the 2nd half. With the 37% gross margin up from 30% & increased momentum from the existing business, I can see the 2nd half producing significantly more than the 1st 6 months 8.33p rivaldo rightly points out. A full 6 months at the present $1.32 exchange rate will further enhance the earnings to give a current year P/E ratio of about 8 which is way way too low. Roll on 2017 apart from getting older!

Juridica had one bad case which knocked their shares for six. However Burford are many many times bigger & better spread. As I have pointed out the Chairman said the second half of the year is always busier. As the case load has doubled since last year, so with 20p eps in the 1st half, I don't think I'm being overoptimistic in estimating 2nd half eps of 25p, again with the exchange rate 15% better,20p will automatically translate into 23p eps assuming 2nd half is same as the first. I know the timescale is unpredictable but with Argentina which I knew nothing about & the sheer momentum you could project eps of nearer 30p.With the interest cost down due to the exchange rate, everything seems to be going their way. As you can see I remain a huge bull of this share.

Interesting Midas comment on cases in Argentina coming up for settlement. As he points out with income almost all in dollars & as I have said eps will automatically be up 15% on straight conversion. With eps of 45p per my earlier posting P/E still only in single figures, but hopefully not for long. I notice share trade volume in number. of daily deals is way up on levels of a few months ago, Now over 400p so chart looks good

Well done. It seems you & I are the only ones posting on this site, which shows how few people follow this company. I expect 2nd half earnings will well exceed 1st half as Chairman points out that 2nd half has always seen higher activity. With 20p eps in 1st half I think 25p looks probable for 2nd for a P/E of 9 times exactly. Once these are reported & recommended in the Investors Chronicle among others they could well go through 600p next year.

Have just printed out the detailed interim report- well worth reading with a load of detailed explanation as to Burford's operations.2 points on 2nd half. chairman says usually much busier than the first & case load actually 2.7 times higher than 12 months ago. Also said Bexit very positive as UK costs lower. The £100m bond was converted into dollars at $1.547, the repayment cost has been reduced by $38m & finally the GB value of US assets had increased by £73m. Tax is negligible as company is Guernsey based. Having read the report which I strongly recommend, I have enormous confidence in the company & am convinced its profits will increase hugely over the next few years.

As you say with this industry there is no usual 1st/2nd half comparison. But this baby is growing exponentially with $200m of new investments v $100m a year ago. As you say it should be on a p/e of 15+. It seems to take time before the market becomes aware of these extraordinary companies. I have shares in Constellation Health, another US company quoted on AIM. It handles billing for US doctors & is growing at 50/80%+ & with acquisitions bought cheaply is on a single figure multiple. Legal actions & medical billing are going to grow at the rate of knots in the good old USA but simply aren't understood by the UK market. For some reason they are both quoted on the UK AIM & with the $ exchange rate look a great place to invest. In 6 months time as you rightly say we could see shares way up as market realises the growth rate & the eps comes through.

I just checked last year's figures.1st half sales were $40.6m; whole year $103m i.e. 2nd half $63.6m. Operating profit 1st half $28.4m; whole year $77m i.e. 2nd half $48.6m or 71% above 1st half. Likewise 2nd half profit after tax was 77% up on 1st half. I hope & think your 40p eps could be 45/50p with say 30% 2nd half growth. VW looks interesting. Check American VW settlement website & there is an interview with Bloomberg talking about $15 billion settlement but more inc legal costs.I did see in the Times a $44,000 settlement for one car. I am only a humble chartered accountant but I don't think my calculator was big enough to work out the overall USA total. Cheers

like you it took me time to take in size of the debt, the write off & where the price would go. Sadly I was in at the start at 60p.The creditors I think will want shares at 3.5p. I think the RNS said shareholders could buy in at that price. Probably one to pass on.

I have never seen a broker target price nearly 150% above the current price. Surprised they haven't raised it as the 15.22p eps was forecast last March when the exchange rate was $1.4380 & is now 13 cents lower, so the 15.2p could be 16.5p just on the dollar rate. With all the acquisitions contributing a full 12 months & the internal growth of 8.8% last year & the new contracts, the full year multiple this year could be in very low single figures. Have only been a holder seven months at 20% above this price, but cannot understand why it hasn't gone up since £ fell.

Am awaiting interim results which were on July 28th last year. the present dollar exchange rate should give the profits & UK dividend a big boost. The VW case remains the cream on the cake over the next few years

As you say a great "rave review" by Simon Thompson in the I C.Have just near doubled my holding. The future numbers look amazing with Teletubbies being viewed in 120 countries by one billion children.With the USA launch early next year the sales momentum will increase a great deal. The chart looks ready for a breakout anytime with almost every deal a buy since Friday a buy.A target of 650p-700p looks okay by me.

25% of the 600 stores will have surplus space over the next 5 years- In plain speak they will be quite significantly shrinking, that's 150 stores. That will badly hit the net profit of those stores with increasing wages. Aldi & Lidl will carry on growing & the other big three will keep competitive. The other 450 stores must also be shrinking a bit unless Argos does the trick.I think the entire sector is very risky.

I think it will be a long wait, but the numbers are extraordinary.The times today says US fines are $18 billion & the new chief executive spoke briefly to Obama on his visit.The old chief executive got a Euro 16 million payoff. How bad do you have to be? Hundreds must have been involved in this deliberate scam, even down to the poor guys fitting the emission control systems. It won't move Burford share price for a while but the numbers when they come through will be huge.

V W have just announced the emissions scandal could cost considerably more than the $18 billion they have set aside. It mentions the U S Justice Department fines as part of the civil settlement. Burford should benefit substantially when it is all finally settled.

Being the USA which I know well, it could drag on a long time with attorneys earning huge fees.I notice that VW in the UK have not even started repairs on I think it's 800,000 cars. can't remember the USA numbers but imagine the numbers & huge spread could mean repairs & damages are huge.Your average yank ain't going to settle for a few hundred bucks for the inconvenience, especially once the attorneys get organised. However the potential for the company after the recent big fundraising is what really makes this an interesting share.

Sorry silver total should be $3.4 billion not million at today's price which I think could increase a lot more than gold on basic fundamentals.

Has anyone tried to estimate the future profits. IF there are 900,000 ounces of gold that equates to $1.2 billion of possible sales & interestingly 20 million ounces of silver equates to almost treble at $3.4 million. With low production costs & a twenty year licence, the pretax figure could & should be in tens of millions of dollars if all goes to plan. With a £6 million market cap & the above numbers,the potential looks amazing. Has anyone made any estimates of future profits based on possible varying tonnages, total costs & prices?