BUR.L - Burford Capital Limited

LSE - LSE Delayed Price. Currency in GBp
0.00 (0.00%)
At close: 4:16PM GMT
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Previous Close616.00
Bid613.00 x 0
Ask614.50 x 0
Day's Range608.00 - 629.00
52 Week Range380.20 - 2,045.00
Avg. Volume1,006,344
Market Cap1.347B
Beta (5Y Monthly)1.04
PE Ratio (TTM)3.54
EPS (TTM)174.10
Earnings DateMar 24, 2020
Forward Dividend & Yield0.06 (1.05%)
Ex-Dividend DateNov 14, 2019
1y Target Est27.05
  • Financial Times

    Burford faces long wait over $1bn Argentina claim

    The Petersen claim arises from the controversial 2012 nationalisation of the public shares of YPF by the Argentine government. Petersen, a highly leveraged Spanish shell company owned by Argentines who apparently thought they had the right connections, owned a 25 per cent interest in YPF. It was bankrupted after the nationalisation when its loans could no longer be serviced by its dividend payments from YPF.

  • Bloomberg

    $450 Million Superyacht in Divorce Case Freed to Leave Dubai

    (Bloomberg) -- A $450 million superyacht at the center of London’s largest divorce fight may be finally allowed to set sail from a Dubai port, dealing a setback to litigation funder Burford Capital Ltd.The 115-meter (380-foot) MV Luna has been holed up in Dubai while lawyers for Russian oligarch Farkhad Akhmedov fought a U.K. court order that transferred it to his ex-wife. Dubai’s Court of Appeal dismissed Tatiana Akhmedova’s attempt to enforce the British ruling last week, saying it was contradictory to Islamic sharia law.It’s a blow to Burford Capital, which provided Akhmedova with funding in exchange for a potential share of as much as 30% of any recovery. It comes as the litigation funder fights questions from short seller Muddy Waters about the way it records gains in cases under dispute.While the Dubai court lifted the arrest warrant on the nine-deck ship, its future is still in question because the U.K. judgment remains in effect alongside an injunction from the Marshall Islands, the flag state of the yacht, a spokesman for Akhmedova said. Dubai’s highest court still has the ability to review the decision.“She remains confident in the merits of her case and that the Dubai courts will support common standards of international cooperation by recognizing and enforcing overseas judgments,” the spokesman said.Burford insisted that it will also continue to pursue the case.“Farkhad Akhmedov is a judgment debtor evading an English Court order – as he will discover nobody is above the law,” Burford, which is based in New York and listed in London, said in a statement.As part of its asset recovery program, Burford has given Tatiana Akhmedova 18 million pounds to fund the litigation, according to the Russian oligarch’s spokesman.Burford shares have nearly halved since short seller Muddy Waters published a critical report on the company in August. Burford called the report “false and misleading.”The stock closed up 0.6% in London trading, after earlier falling as much as 10.9%.The yacht, which has 50 crew and two helipads, has been the focus of litigation for almost two years. It was impounded in Dubai and put into dry dock in an initial victory for Burford before Akhmedov persuaded the local courts to release the boat.The British order was made after a judge said the billionaire must pay 41% of his assets to his wife in December 2016. The marriage ended two years earlier. Akhmedov refused to take part in the U.K. case and moved back to Russia.“This judgment means their attempts to enforce this matrimonial and maintenance judgment in the UAE have now failed,” Carlo Fedrigoli, a lawyer for the tycoon, said in a statement.It’s not the only legal fight stemming from the seizure of the yacht. The Russian also brought a $200 million claim for damages that named Burford as a defendant. The Dubai court of first instance dismissed the claim in January.(Updates possible review in fourth paragraph, shares in 10th paragraph.)To contact the reporters on this story: Jonathan Browning in London at jbrowning9@bloomberg.net;Lisa Pham in London at lpham14@bloomberg.net;David Hellier in London at dhellier@bloomberg.netTo contact the editors responsible for this story: Anthony Aarons at aaarons@bloomberg.net, Beth MellorFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Financial Times

    Burford hit by Dubai divorce ruling on £350m superyacht

    A Dubai court has ordered the release of a £350m superyacht at the heart of Russian oligarch Farkhad Akhmedov’s divorce battle, dealing a blow to litigation funder Burford Capital after it staked millions on trying to keep the luxury vessel out of his hands. The Dubai court of appeal has lifted an arrest warrant on the Luna, a 380ft vessel owned by Mr Akhmedov, who blocked an attempt to have the yacht transferred to the ownership of his ex-wife, Tatiana.

  • NMC Health, Finablr rally as billionaire shareholder reviews holdings

    NMC Health, Finablr rally as billionaire shareholder reviews holdings

    The saga of Bavaguthu Raghuram Shetty sent shares of two companies surging on Monday, in an otherwise listless London market on Monday.

  • Investors Who Bought Burford Capital (LON:BUR) Shares Five Years Ago Are Now Up 494%
    Simply Wall St.

    Investors Who Bought Burford Capital (LON:BUR) Shares Five Years Ago Are Now Up 494%

    While Burford Capital Limited (LON:BUR) shareholders are probably generally happy, the stock hasn't had particularly...

  • NMC Health shares slammed as Muddy Waters takes short position

    NMC Health shares slammed as Muddy Waters takes short position

    Shares in NMC Health sank 37% in London on Tuesday after Carson Block’s Muddy Waters said it is shorting the stock because it has “serious doubts” about the company’s financial statements and accused the company of manipulating its balance sheet to understate debt. In a statement on its website, Muddy Waters said it was concerned about NMC’s (UK:NMC)  asset values, cash balance, reported profits and reported debt levels. The U.S. short seller alleges that the company inflated asset purchase prices and capital expenditure, and deliberately understated its debt by about $320 million for the fiscal 2018 year by not reporting leases associated with its Aspen Healthcare acquisition as finance leases.

  • What Does Burford Capital Limited's (LON:BUR) Share Price Indicate?
    Simply Wall St.

    What Does Burford Capital Limited's (LON:BUR) Share Price Indicate?

    Burford Capital Limited (LON:BUR), which is in the capital markets business, and is based in Guernsey, saw a...

  • Have Insiders Been Buying Burford Capital Limited (LON:BUR) Shares?
    Simply Wall St.

    Have Insiders Been Buying Burford Capital Limited (LON:BUR) Shares?

    We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...

  • Moody's

    Burford Capital Finance LLC -- Moody's assigns first-time Ba3 corporate family rating to Burford Capital Limited; outlook is positive

    Moody's Investors Service ("Moody's") assigned a Ba3 corporate family rating to Burford Capital Limited ("Burford") and Ba3 ratings to the senior unsecured debt issued by subsidiaries Burford Capital Finance LLC and Burford Capital PLC. The rating outlook is positive. This is Moody's initial rating of Burford and its subsidiaries.

  • Do Insiders Own Shares In Burford Capital Limited (LON:BUR)?
    Simply Wall St.

    Do Insiders Own Shares In Burford Capital Limited (LON:BUR)?

    The big shareholder groups in Burford Capital Limited (LON:BUR) have power over the company. Institutions will often...

  • Benzinga

    Burford Capital On The Hunt For Stock 'Manipulators'

    Burford Capital Limited (OTC: BRFRF) has requested that the U.K.’s High Court grant permission to make public the names of traders it believes “manipulated” its share price during a short attack in August. Litigation financier Burford Capital has offices in Guernsey, New York, Chicago and London, and its CEO and co-founder is Christopher Bogart. On Aug. 7, shares in Burford Capital plummeted to $8 after Muddy Waters took a short position in the stock, betting that the price would drop.

  • Reuters

    PRESS DIGEST- British Business - Oct 1

    The following are the top stories on the business pages of British newspapers. Litigation financing company Burford Capital Ltd has launched action in the High Court seeking to obtain the identities of traders allegedly behind the manipulation of its shares during a recent short attack. French Finance Minister Bruno Le Maire has accused the French state-owned company building Britain's new nuclear plant of "unacceptable" failings as he threatened sweeping change at the group and denounced cost overruns and delays in the construction of the Hinkley Point C nuclear reactor in Somerset and similar projects in Flamanville in Normandy and Olkiluoto in Finland.

  • What You Must Know About Burford Capital Limited's (LON:BUR) Beta Value
    Simply Wall St.

    What You Must Know About Burford Capital Limited's (LON:BUR) Beta Value

    If you own shares in Burford Capital Limited (LON:BUR) then it's worth thinking about how it contributes to the...