Any chance you could paste on some or all of the write up by Quantum Leap?
The free trial is a bit of a rigmarole for QL - I've not heard of it before but I guess you think it's good.
Were you short on BUR?
Agree it's been an amazing share (see graph) but they are in a sweet spot and could go further - I'm betting they will - was first at around 500p - took some profit at 800 and 1300, got stopped out at under 1000 once but got back in after Feb correction. I'm looking at it as a long term hold having taken profit.
read the piece in the Times too but will stick with BUR as my exposure to this sector unless wheels start to come off...
Yes I like exposure to the US too and agree with all your comments re: Burford except lately it's only been a half step back and maybe 3 forward (for the SP) I buy them whatever the price when I'm able, I've been looking for the step back for ages - it doesn't happen.
I've tracked and wish I had bought the stocks you mention, but you can't buy them all, don't know 4imprint - will look it up...
I looked up Manolete as I'll buy on the IPO - just to see...
Let's hope it doesn't reverse any time soon, I think it's only just got going and will be double the SP in 18 months (if someone doesn't chuck a nuke somewhere).
October 2017 Manolete Beats Burford and Others to Retain Insolvency Litigation Funder of the Year Award
Manolete beats Burford for Lit.Fundg year award 17
At a packed-out TRI Award Ceremony on 18th October 2017 staged at the London Hilton, for the second year running, Manolete Partners was awarded Insolvency Litigation Funder of the Year. The judges highlighted the large number of actual case completions achieved by Manolete in the last 12 months and the fact that Manolete had achieved outstanding results on both small and large case sizes.
The Insolvency Litigation Funder category was only introduced into the TRI Awards in 2016, on both occasions Manolete Partners has been awarded the accolade.
Commenting on receiving the 2017 award, Manolete CEO, Steven Cooklin stated: We are absolutely delighted. This reflects the hard work undertaken by our dedicated team and the outstanding partnerships we have built with IPs and their legal teams across the UK. It has taken many years to build the company into the force it is today but slowly, methodically and professionally we have earned the trust and respect of all the key stakeholders in the Turnaround, Restructuring and Insolvency community. It is an honour, and usually a huge amount of fun, to work with so many outstanding fellow professionals. Together we help build the fundamental foundation of trust in doing business in the United Kingdom.
The Sunday Times: Litigation firm Manolete Partners, which is backed by the financier Jon Moulton, is heading for a £100 million stock market float.
Seems like others are joining the 'new asset class' as BUR was described.
On Stockopedia, they had BUR profits lower for 2019, but I'm new to Stocko so I may be getting it wrong, perhaps it is just playing safe as they don't know what the figures will be. Perhaps someone out there knows Stocko or 'forward figures for 2019' why they would be shown down?
Anyway BUR has been my best stock, I don't worry about them at all, often think I should just go 100% with them, well maybe 50/50 with Fundsmith Equity.
BUR Burford Capital.... moved back into these today on the back of technicals becoming more bullish with the SP just climbing above the 50 day EMA moving average. We also have the formation of a pennant /top triangle forming. FWD P/E to 2019 14, PEG 0.26. Exciting times ahead.
BUR Burford Capital recovering now after the recent placing. SP 4% plus north today. Trades on a forward P/E of just over 13 to 2019 and a PEG of 0.25. Cheap, very cheap imo. Technically bounced off the support line at 1300p.
The bubble created following the recent announcements seems to have burst.
I sold into the rise and was quite surprised at the giddy heights reached in the following days.
I trade BUR quite frequently and am looking forward to a return to the 1060 to 1220 trading range, or something similar.
Recent volatility made it too much of a gamble for me.
my guess is that this will slowly go up to, above the directors sale price,when people realise that there was no sinister reason for selling.i sort of thought they would.Same happened to fever tree last year.
Well the dizzy heights didn't last long, I should have top sliced but didn't, however at 1350 the directors selling price, its a lot better than 13th march @ 1090.
I can't blame the directors for selling, I would have done the same if in their position and as they said in the RNS, it's the first time since inception of the company and all are heavily invested still, also the employees of Burford.
I wonder if this is about the 'right' price of the SP now, and whether it should start rising from now on the fundamentals of the company going forward.
I hope that people will contribute to this board with their views.
I top slices my IQE and have a free carry on them now. I cashed out a few Burford today but still hold a good amount. I have been slowly getting my portfolio more into US stocks with UK listings (hence Burford) and to that end I have bought and held, since floatation at about 60p last year, DGOC.
They are a US oil co. who buy up very safe mature oil fields and use encomomy of scale to reduce overheads. They have done very well and are now at 82p with a good dip recently that I have bought into.
They are one of a very few number of divident paying AIM oil Co's. Well run, have had some great asset building deals recently, have a very high production per day and do not drill (at the moment anyway). That is important as drilling = costs.
A massive recent deal is, in my view, not factored in and they should perform well.
Wise move,I sold mine on Friday,there is too much price movement in IQE.best toes what happens on results day.I bought some more Bur this am as they have had 2 upgrades.And more fever tree (topping up)though both are on a high,and have high PEs but they have growth on their side.
good luck and enjoy the rise.
I wish I could buy more...
I could as I sold IQE today as the day before results tomorrow the SP is going down a bit and news today of Apples 'secret' factory making their own LED's & screens etc. is bad luck timing - but I don't think they would just jump into making their own VCSELS, or if they wanted to do that maybe they could just buy IQE....
So I sold on rumour thinking the facts might not be so hot tomorrow, but like most investors I just have no idea what to expect so made my modest profit.
I thought BUR would do well, I have held them for 2 years but no idea they would do so well. And keep on going...
Now I am trying to find some good shares to invest in.
If anyone has some suggestions I will be pleased for any ideas.
Good luck to all and be safe in this weather!
"Is a 30% jump in the shares of litigation finance specialist LSE:BUR:Burford Capital worth chasing as it sets new all-time highs?After bumper 2017 results, AIM-listed Burford leapt to 1,450p, currently around 1,400p. It seems a big move though ..."
AIM shares which qualify and held for only 2 years (not 7) are zero rated for IHT. There must be many elderly investors who invest in solid AIM shares for this reason and if the company moves to the main market these shares should be sold. I wonder how many investors have shares in ASOS to reduce their IHT and this gives the board of ASOS a reason to remain in AIM. I hope that Burford Capital board may consider to stay in AIM and I can stay invested.
With today's increase in SP, I think BUR is now has the fourth largest valuation of all the companies on AIM. Some investors don't like AIM, and I am wondering if BUR will decide/come under pressure to move to the main market?
Even at today's closing price I see BUR as a "buy" in terms of its future potential. However the SP may drift lower in the absence of news later in the year, so only a "weak buy".
i ve followed thes e for a couple of years going in and out.Now my biggest holding.i am now more comfortable holding these as Pe is not that great for a conssistent growth stock.Obviously there will be some profit taking, at some stage.But also this will get some broker upgrades and go on tip sheets.
I have opened a good bottle of Margaux...
> Do you see the SP increasing in coming days/weeks or profit taking etc. forcing it down?
A bit of both, is my guess. Profit taking is always a risk at all-time highs when everybody is in profit!
I have no plans to sell any in the forseeable future, so I am essentially betting on this news being the catalyst to resume the long-term uptrend (see graph). Not advice, DYOR, etc.
The recent range-boundedness over the last 6 months or so is something I've been seeing over all my holdings, with the more volatile ones having even pulled back a bit (e.g. IQE). To me, BUR appears to have broken out from that to the upside.
I do believe that the markets generally are moving past the blip, and we will see more breakouts across the markets through to summer.
· Net profit after tax up 130% to $264.8 million (2016: $115.1 million)
o Operating profit up 132% to $289.0 million (2016: $124.4 million)
o 37.4% return on equity (2016: 21.1%)
· Income up 109% to $341.2 million (2016: $163.4 million), driven by 127% increase in income from investments to $318.2 million (2016: $140.2 million)
o Realized gains from investments also more than doubled
o 20 different investments contributed to 2017's realized net gains
o Unrealized gains remained generally consistent with prior year levels at 53% of income
(2016: 54%) and 36% of investments (2016: 31%) notwithstanding Petersen impact
· Strong growth in earnings per share, up 126% to 127¢ (2016: 56¢)
· Record investment recoveries; robust organic cash generation of $362 million (2016: $230 million)
· 20% increase in annual dividend proposed, to total FY17 dividend of 11.0¢ per share (2016: 9.15¢); final dividend of 7.95¢ payable on 22 June 2018 with record date of 1 June 2018
· Persistent demand for Burford's capital reflected in record new investment commitments of $1.34 billion (2016: $378 million), sowing seeds for future profits
o Burford now has $3.3 billion invested in and available for investment in legal finance in a widely diversified portfolio
· Assets under management in Burford's investment management business increased to $1.7 billion (2016: $1.3 billion) and additional fundraising anticipated in 2018
· Active start to 2018, with $128.5 million committed to 12 new investments in the first two months of the year compared to a single $1 million investment in the same period last year
· Secondary market sale of Teinver investment agreed in March 2018 for $107 million in cash - a $94.2 million investment gain and a 736% return on invested capital.
Sir Peter Middleton, Chairman of Burford, commented:
"Burford has experienced another record year, its eighth consecutive year of significant growth. Burford continues to lead its growing and evolving industry and looks forward to continuing to innovate to meet its clients' ever-expanding needs. The Board is grateful for the continued support of our shareholders and bondholders and is delighted to propose another increase in the dividend."
Christopher Bogart, Chief Executive Officer of Burford, added:
"The past year saw an explosion of demand for Burford's capital from clients around the world, including from our expansions into Asia and Europe. We met that demand by raising incremental capital on our balance sheet and by making robust use of our new investment management business. We grew our team by 23 people so that we now field a team of more than 90, including more than 40 experienced lawyers, and we have by far the largest capital base in the business. We are excited to continue to lead the legal finance industry into the future."
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