Numis target price £19.00 Numis upgrades Burford Capital Numis has upgraded litigation finance provider Burford Capital (BURF) which it expects will continue to deliver the high returns investors have come to expect. Analyst Marcus Barnard upgraded his recommendation from add to buy with a target price of £19. The shares rose 2.2% to £16.12 yesterday.While returns have been volatile, we recognise some patterns, he said. Returns have been helped by a few large investments, but the core of the business is a large number of completed investments as the business matures, we expect the volatility of returns to reduce.Barnard added that litigation finance was a growing market and Burfords brand, experience, internal processes, and balance sheet create a considerable advantage to attract and win new business.Success depends on the right investments, understanding and pricing the risk to earn a good return, and collecting the proceeds, he said. We believe Burford is ahead of the competition and its size means it can finance cases where there is limited competition.
Re: BUR....................................T... oldjoe1Hiya,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?mm
BUR....................................TIPPED. Gone long on BUR Burford Capital again. Been tipped today by tip sheet Quantum Leap,got a very good write up. Forward P/E of 16.6 to 2019.<img src="[link]
Re: Where now for the SP? Thanks. I will keep an eye on them. Not sure privates will get a lookin....
Re: Where now for the SP? 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...
Re: Where now for the SP? 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). Article below. October 2017 Manolete Beats Burford and Others to Retain Insolvency Litigation Funder of the Year Award Manolete beats Burford for Lit.Fundg year award 17At 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.
Re: Where now for the SP? What now for the SP. We may as well guess but this is a quality company. if you take the money out you need to find an even better one.I would rather have some exposure to the USA and there are some good ones about. Somero, DGOC, Burford, 4imprint. Burford is a classic 2 steps forward, one step back stock. The general trend being up. When that reverses I will sell up. At the moment it shows no sign of that.
Manolete Litigation-£100m Stock Mkt Float 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.Or just blow the lot on a year's holiday.
Where now for the SP? Any ideas?This BB could use a bit of populating! Hopefully someone has something to say...mm
Buy rat was buy rating no rats here
Excellent write up in Inv.Chr. - Buy rating of course Well worth a read....Wizard 47 - could you tell us what the botching up of trades was, I don't doubt it but wonder what you spotted.all best,mm
Trades The latest trades posted are nonsense! Well done iii ,still botching up everything as usual.
Re: BUR, now recovering from PLACING...... 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.<img src="[link] BROKER VIEWSDate Broker New target Recomm.20 Mar Liberum Capital 1,689.00 Buy19 Mar Berenberg 1,690.00 Buy
BUR, now recovering from PLACING...... 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.<img src="[link]
Re: back in I've held for quite a while, bought in about £8.00 approx., - should have sold some in the dizzy heights of £15.00 approx...But like you I think this is a new floor, pretty much what the directors sold at.What I really like about this share - well one thing of many is that is impervious to general market moves and politics (like Trump's antics)I hope that statement is not proven wrong at some time...mm