Member Info for thomasbrowne

I came back in at 410p + myself ,,,LOL,, , the investors chronicle article can really hit sentiment, and more than you would imagine , even if it was just a neutral buy on burford, burfords credibility is fragile after all the bashing its been getting,

The bad press will change , 99% of the time it always does,

This pandemic and resultant recession will bring substantial business to the likes of auction companies, they will make a absolute fortune, another will be litigation funding companies, we've mostly all seen the incredible increases in this area of Law and growth in litigation funding,
Manolete PLC has already been handed a massive increase in it's 2020 litigation workload, All the other companies and including litigation capital and other small companies will be flooded with work,
I'm going to make a prediction,,,,,,, I genuinely think burford will have its funding substantially increased by the S.W.F. = Sovereign wealth fund, and by hundreds of not billions of pound's, to put it simply burford will have so much work it will either then turn it away or seek substantial and fresh funding, this will be like a licence to print money,

The important thing here, is that the funding of Litigation is changing dramatically all around the world, if you've got a good solid case your lawyer will put it into a package of other solid good lawsuits to make up a great parcel of lawsuits for that law firm to approach burford with, our team goes over it establishes if it's a solid all round case on paper , and hey presto you've got a funded case, no legal aid applications or taking on loans by any parties, it's quick efficient and it's why nearly every law firm in America and most of the world are availing of this new type of service,

I genuinely believe burford will be a must hold stock when it hits the American stock market, it normally only takes around 4 to 6 weeks to get a USA listing,
Yes this accounting problem needed sorting out and it has been sorted out, All Buford need now is time to come back and prove it can deliver substantial amounts of cash for its investors and private funders, remember something that I think is very important, these other private funders we have are getting all their money back with a great rate of return, if they weren't do you honestly think they would hang around invested in burford, absolutely no way , there money is safe ok , and we can benefit with a 60% cut of the profits using there money, how fantastic a business opportunity is that then, the workload later this year will increase Substantially, and as we show the profits and cash flow coming back into burford, and when that's seen by the markets , burford share price will soar way beyond most people's expectations.

Burford is in a unique position, it's the biggest litigation funder in the world , and cheery picking the best cases put to them.
That's why Liberums £26 share price forecas

https://www.ft.com/content/f299d656-6785-11df-a932-00144feab49a

The companies story is.

I sold out this morning on my stop loss at 4.80p
I simply didn't know what was hitting burford share price,
Thought I'm quite sure it was investors chronicle take on burford that caused it now.
Investors chronicle was neutral on burford , that was fair enough considering everything.

I sold out early and then made a few hundred pounds jumping in and out trading burfords shares.

Though as usual the the selling from the investors chronicle online and soft back will cause a number of investors to sell.
And as usual the buy buyers will move right back in and take advantage burfords SP and a fantastic potential forecast from analysts/ NUMIS of 124¢ in 2020. and 466¢ in 2021, the potential is there ok, because the workload of lawsuits is virtually guaranteed due to this pandemic and depression,
Remember something very important, burford very rarely takes on a any lawsuit whatsoever that can't be paid by the other side, that's one of the things they establish first and foremost. It's as important as a winning case. They won't take on a company who can't pay, but thankfully most companies have decent insurance policies that covers litigation claims, burford establishes that first during its due diligence reviews .

As for Argentina and the Petersen case, burford have already won massively in this case , selling portions from the very possible settlement to 40 institutions, who themselves have carried out there own due diligence before buying a share in the Petersen case, 40 institutions surly can't be that stupid to pay $100 million IF it wasn't a great solid case.
Argentina will pay up ok, in what form and how much is anyone's guess, but they will definitely pay something ok, the case will be held in the USA , that's already been established, Argentina will have, as most countries have , substantial funds held in American securities, if they don't pay up , then the American legal system can freeze these assets until they agree to pay up, burford know exactly how to go after these tricky settlements, that's there job, they seem the experts.

Yes all them media + FT write ups have their we digs and points ok, but the bottom line on all this is, that burford will come back from all these we accounting digs at it, and delivery a result worthy of a £26 share price in 2021 or a lot solner.

On Monday or Tuesday I will be straight back into burford to hold out for that 2021 £26 share price.
There will be ups and downs ok ,but hey it's the stock market what else would you expect.

Burford will eventually blast away it's doubters , and deliver a spectacular set of results in the next few years, £26 that's a reasonable price forecast for a few years waiting.

Next week will see burford climb slowly back towards that £5 mark again, and carrying my money along with it.

Good luck to all positive and negative investors here.

always buy with due diligence and extreme caution no matter how good a

The majority of companies will seek out legal funders to fund there lawsuits, burford may even need to find more funding money to fund the avalanche of good solid straight forward lawsuits, they can easily cherry pick the best cases,
Though should burford get that settlement money from Argentina, then that can go into the balance sheet to fund these cases.

I genuinely think that the opportunities here for burford could be huge, though as burford states they May take several months for burford to get there hands on these lawsuit cases, this lockdown situation will hold things back somewhat,
But it's money in the bank so as to speak,
When the American stock market gets wind of burfords huge potential does anyone actually think they will value burford at just over 6 times PE when burford could potentially make billions from the Petersen case and a avalanche of the best and safest litigation cases, most of the American law firms will seek funding from burford , and burford can skim a nice amount of profit from all these cases that these law firms are taking on themselves, burford is the market leader in this field, the number one funder of litigation in the world, that surly must deserve a reasonable PE of 13 giving us a instant share price of around £9.50p, add in the very possible increase in lawsuit workloads + resulting profit and substantial litigation settlements and we could even end up at Liberums recent share price target of £26.00, I know right now that £26 target looks lofty, but any big lawsuit wins would have American investors flocking to burford shares and potential future settlements.
If burford gets any type of reasonable settlement from Argentina , then the publicity from that case alone will give the stock markets a great confidence in burfords ability to take on these huge cases and win.

A £26 pound share price will suite me fine in a few years time if not a lot sooner.

GLA

Always buy/ sell with extreme care , the stock markets can do anything.

Excellent. 1MSN, good find ,

Pennylots your correct, I actually did stop at page 63 , I had hit that overload point LOL,
Though now looking at those tables on page 64 the different formulas to get a settlement figure is quite wide. I still feel my figures are reasonable under the spread of that settlement figure chart, though I wouldn't contradict any other estimates given here. What fills me with confidence is the different methods of making Argentina pay up in usa dollars, the same currency that the oil shares were bought in, I reiterate Argentina has already admitted liability to our case, because they settled the previous identical case, and even if they hadn't settled the other case , they would still loose in court with our case, as
Argentina has failed to comply with its own legally binding re -nationalisation buy back of these oil shares. They have already broken the the USA stock exchange laws. Burford have too, by law warn it's own investors as to any adverse possible outcome to this oil share case. And thus that excellent page 64 that I stopped short at.

I'm genuinely happy for anyone to come up with any other figures around these settlements.

GLA

Pennylots burford were lambasted for not revealing enough in their accounting reports, and when they do a much bigger more explanatory report they also get lambasted for confusing investors with all their terminology jargon and still hard to understand reports LOL.I

I'm still glad they put that massive report out, they had too, they had no other choice under the circumstances.

But what I seen on page 62 and 63 of that report got me really excited, =
The big petersen case , burford have penciled that very strong and nearly guaranteed lawsuit win in as fair value / very low value, if they win that case the same as the exact same oil company and previous oil shares settlement, that was settled by the Argentina government with REPSOL, then burfords case is actually worth $6 billion dollars in total, and settled like the previous case, they get 50 cents in the dollar . Equalling a settlement figure of $3 billion dollars to burford , burfords / our current share in that 60% is then worth around £2.4 billion pounds sterling, so it isn't a wonder that they had 40 institutions queuing up to buy a slice of that lawsuit,
Yes it is possible they might settle for less than 50 cents in the dollar , but why should they, Argentina was willing enough to pay it to the other share holder REPSOL in the exact same company in the last settlement.

This really is quite a extraordinary set of circumstances, one single win could effectively put £2.4 billion on Burfords balance sheet. And at least much more than triple the current valuation of burford,

That win would catapult burford into the investment finance history books, you then add on the other same and identical oil company /different share owner/ EATON PARK hedge fund, who owned 12 million of the same oil company shares , which burford owns 75% of that settlement , = around another £216 million Stirling FOR Burford.

So as you can see this looks a great opportunity in anyone's eyes , if Argentina were smart they would save a fortune by simply ? Buying burford outright.

Just looking at these cases , it really looks like straightforward wins, and one that Argentina would settle before it even hits the courts. Argentina have already admitted liability by settling the near identical previous case, they are the same, other than the percentage of shares owned by the different parties. And if Argentina stalls at any payment, then burford can have a court freeze it's American assets until it does pay up, America has financial assets belonging to most other countries. Legally they will pay up one way or another, in my humble opinion this is a done deal.

GLA

,,Iweb. XXXXX . Same here, wouldn't you think they would have some basic back up system to fall back on. Though they don't fail to often.

GLA

Yuri what's missing from Burfords share price right now is simply confidence, it should right now be sitting at £7 to £10,
Not in 12+ months right now, but that's market confidence for you, when burford regains that market confidence then we definitely might see a fair valuation in our share price.

I do absolutely agree with you that world economic indicators don't inspire confident right now investing, so I can completely understand your jumping in and out of any given share.
Though if there was one company that would make me speculative in a serious downturn or depression is burford.

GLA

Yuri. As long as you've made a decent profit sir, burford has a very long way to go upwards , that will happen ok, burford is unlikely to see £4 again, so that point of entry is probably gone for good, this will see £8 in the medium to long run, it always takes time for any company to come back from a stock market bashing, burford definitely will .

GLA

Burford looks like it's now finding its feet and building up some momentum for a higher upwards movement, I can easily see this at £5 by Friday, though anything can happen on the stock markets.

GLA

If yesterday's presentation was that bad YURI then why did Burfords shares rise by £1 at even today's current price, ?

Surly if they were as bad as your saying , would it not have reversed by a £1 ???

GLA

https://www.marketbeat.com/stocks/LON/BUR/?RegistrationCode=BackButton&utm_source=backbutton&utm_medium=backbutton

GLA

Another thing I came on here championing this share at around £3.60p
If I had or influence anyone else wouldn't they have a big fat profit by now , just think about that before ranting sir.
And by the way Burford is still a very strong buy in my book.

GLA

Jammyc just like your trying to influence others against me here, and yet I'm only thinking out loud here, just as you've done, I'm sure you can see from many of my post the serious warnings about buying or selling shares, I see you didn't mention that in your last post, selective in your mom fairness, I obviously known more than you sir, or do you just feel like a rant at someone/ anyone, well take your rant onto some other poor investors, because it won't be with me sir, you say what you want , but don't direct it at me , or i promise you i will be the last person you will bully or rant at on the LSE forum sites,
Nobody but nobody should experience any type of social media bullying.

GLA

Stalled at £5.29p typo

garydav2 Yes I also was surprised to see the shares run out of steam at 5.29p or the highest price I noticed them at.
I really thought they would settle around £5.70p for today, but there's to much money been made by investors old and new , and the temptation to lock in that profit when it stalled at £5.70p was just to much, or it was simply a chartist point and indicator level to hit, I don't know for sure, we've all seen these substantial jumps in share prices, and they nearly always come back a do a retrace to a certain resistance price point, I think that point today was around £4.60p and then it trys for its next higher target level point, this is just me trying to sound like a chartist LOL, BUT you get the gest of what I'm trying g to say, All burford needs now is for some reasonable level of fairness from investors tip sheets and investment commentators to come back from a bashing from the market and infamous short sellers. To be fair maybe they needed a kick up the backside to clear up the market around their very complicated accounting strategies, and also to be fair to Burford it is just naturally very complicated around explaining the accounting to institutions and especially private investors/ myself.
Even now I'm still reasonably confused reading burfords accounts figures, I think it's their technologies they use, I actually think most private investors would need to do a small accounting course in basically understanding it's accounting .

I would expect to see a batch of new Broker ratings very soon, well they have to really, that's there job.
I would expect to see a brokers rating between £8 and the £10 level= £9 and that conservative for the market leader in this field.

GLA

Burford = Basic EPS of 73.1. And a PE of "6 "

A robustly audited accounts, it's only a matter of time before Burford gets a standard industry PE of either 15.8 or a market price PE of 13.7 source = simply wall street .

When We get a American listing , does anyone really think we will be at a 6 times PE , try £8 to £10 and you will get closer.

We all heard our management tell us the basics around the big Argentina Petersen case, with my layman's understanding, that looks like a rock solid case and payout, and our management hinted at several different options / ways they could secure that financial payout should Argentina drag it's feet over any payout. I suspect a court would issue a money freezing order on any Argentina assets in the USA, that's the norm in these circumstances to my knowledge. Can you just imagine what that actual payout would do to our company's share price, playing devil's advocate, even if that case disappeared overnight, it really shouldn't have any justifiable effect on burfords current market valuation. The winning of that case is in my opinion and probably obvious , is not really factored into burfords current valuation.
That's why I believe the Americans will snap up our shares. at 6 times PE, I will be astonished if burfords share are not at a much higher level come that Listing.

Good luck all

Yuri you might just get some Burford shares at £4 , but only if some kind soul sells them to you privately.

It's the stock market anything can happen at any given moment, £7 to £10 on the American listing. "Easy "

GLA