RE: price12 May 2020 19:14
Just look at the price of a similar litigation companies PE and valuation. It's Called manolete , it's absolutely astounding,
Now burford will surly get to at least £8.20p or even much much more, We have a PE of 6.568
and manolete has a PE of. 51 , manolete specializes in insolvency , so do we we, + much much more, yes we take on more risk ok, though in a massive depression the cherry picking of the best and safest lawsuit cases will increase substantially.
If manolete can hold a PE of 51 surly if there's any fairness in the world , then we as the litigation funding market leader , should command a substantially higher share price very soon. For me it's actually ridiculous for burford to have such a low share price, and that's putting everything into consideration. The muddy waters nightmare looks like its being put behind us now, as investors have had enough of Carson's Blocks own twisting of industry wide accounting practices, I assure anyone looking in on this forum, that Carson block can do very similar twisting and his own interpretations of literally any companies
Accounting practices. Normally be finds one decent failing and then he adds loads of small things to that first alligation, throwing in terms like padding a particular figure , moving around money from one accounting place to another, trust me they are all up to it, every single company in the world, because they all have a need to reduce their taxes. They all move money around , trying to keep it out of the view of the tax man. Every single listed company wants to bolster their profit figures, and in doing that lines get crossed, debts get moved around to make it look better for investors. They all do it day in day out. Carson Block only looks at companies to make it pay him, his job is to Target companies that have went to far with creative accounting. Some are genuinely bad, but Burford is definitely not a bad one, it's made mistakes and It's paid for it deadly,, now All that should be behind us, we should definitely regain a fair market price for burfords shares.
I'm absolutely delighted at the spectacular finishing of today's share price , SHARE PRICE WISE we actually told Carson Block to F OFF LOL.
Any thing can happen in investing, please always DYOR, and buy or sell with extreme caution.
GLA