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Burford is buzzing

Burford Capital is generating a lot of cash from its investments in civil litigation, and shareholders have been rewarded with an impressive dividend hike.
March 18, 2015

"The entire business is firing on all cylinders," says Burford Capital (BUR) chief executive Chris Bogart. It's hard to argue with this observation after the civil litigation investor boosted operating profit by 43 per cent last year to $60.7m (£41m). Net investment recoveries were up by 56 per cent, pushing the net return from invested capital up to 60 per cent. With cash generated from the litigation portfolio almost doubling, Burford has trebled the amount of capital committed to new investments.

IC TIP: Buy at 143.25p