Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
don't forget that it also enabled them to print some tee shirts!
https://www.businessinsider.com/burford-capitals-nyse-debut-litigation-finance-legal-industry-funding-lawsuits-2020-10?r=US&IR=T
I can't see a takeover happening. Forget whether it would or wouldn't be possible, this is Bogart and Molot's "baby" and they are rightly proud of it. They will want to see this project through to total success more than anyone else. They are on the cusp of something stunning - they're not going to sell out now. Roll on 17th, this share price drift is getting boring.
i think the same old story - scared investors, complex asset class, complicated accounts, recent crap with Muddy Waters and lack of publicity and profile. i'm excited for 17th. I expect cash receipts to be strong, and deployments down. Court delays due to COVID will only delay redemption, not kill them. I honestly thought we'd be in double digits before the 17th, but there we go.
you could add £3 to the current SP and it would still be a bargain. I'm bored of being under the radar now though! Let's hope for an upwards push, particularly as some sections of the US markets look so frothy (and will have to invest somewhere).
I'd say it's a combination of: lack of interest, a mis-placed scepticism of viability/health from retail investors (thanks MW), a lack of insight into business - due to the confidentiality needed when legal cases are your 'product' and some poor investor comms by the company.
We are currently trading at a significant discount to NAV and well below what fair-value might be if based on PE etc. I have been disappointed at the lack of traction since the NYSE listing - it seems that some balloons and company t-shirts aren't enough to muster the interest of Wall Street - who knew!
I wouldn't be surprised if we're about to announce record cash receipts and very strong deployment. The teams seems to be growing and the company has upped it's social media presence, which is helpful. It's starting to do the right things, and I've no doubt that Bogart and Molot are hard at work behind the scenes as ever with innovative initiatives. Forget the distraction of Peterson and regard it as a 'nice to have' that has already made us hundreds of millions. And ignore that divorce case - it's one case out of a portfolio of hundreds - it just happens to be in the press.
The price action is frustrating, boring, confusing etc. But for now, I have to accept that we're flying below the radar, continue to top up, wait for 17 Feb and then take stock at that point. My view only of course, but I have researched these guys to the ends of the earth, and I cant help to be impressed. GLA.
let's say the results are actually spectacular? Given the H1 figures, It wouldn't take too much for cash to match the past two full years - which would be something else, and record-breaking.
What then? A jump back to double digits? It's due a significant re-rate by my maths.
Don't forget that Christopher Bogart's wife bought 50,000 shares at comfortably above the current price before Christmas. I'm sure she wouldn't want to throw her money away and has had many years to "buy" before (but has not). Could it be a fund having to reduce a position to release funds? A short getting out?
it's hard for the US to be interested in a stock that has no publicity, no media, no investor presentations, no cap market days and total silence since listing. Investors wont even know what the company's called - let alone what they do or what extraordinary value there is here. The business is great with a superb track record, the m'gmt are capable and clever, the potential is enormous, but the investor comms are diabolical. Anyone going to this "fireside chat" tomorrow? Care to ask them what the hell is going on?
Hi all,
I'm a new investor to this one, bought in two weeks ago. Can some poss summarise what the restriction is that's caused the drops in the past 48 hours? And when we can expect a resolution?
I cant help but feel there is significant value here - but happy to hear contrary thoughts before I dump my holding and move on!
Any ideas why the BUR AIM ticker has now vanished from Google and Apple, with the default being NYSE? The change seems to have occurred overnight.
And is there a way to change it back? Thinking in USD and missing UK trading prices is most confusing.
Hi everyone. Does anyone know when we can expect year end numbers etc? I cant see anything on their website or in press?
many thanks
BBH - Burford is 11 years old. How much of a track record do you want?
And the MW material has been proven multiple times to have been complete nonsense. Block himself was buying shares again at £10/11, and everything else has proven baseless. The NYC listing also puts the m'gmt on the hook personally if there was any financial smelliness. You really think they'd do that? Oh and they own 9% of the company too.
About time! The 'interest ratio' is an interesting metric/reference. What's that derived from?
The "lack of interest" here is staggering. It's been wonderful to top up and lower the average buy in price, but rockets to the moon at some point would also be welcome! I can't buy any more as I am criminally overweight here!