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Burford makes progress

TIP UPDATE: Litigation financier Burford Capital has reported impressive profit growth
April 5, 2012

Burford Capital – which provides finance to corporates involved in solid litigation cases – reported impressive full-year figures. Pre-tax profit soared to $15.9m (£9.9m) from 2010's $1.85m and its case portfolio is performing well – one investment delivered a 30 per cent return. Such solid progress suggests its shares remain a buy.

IC TIP: Buy at 142p