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Burford plays to a new audience

The litigation finance specialist's US listing could affect future dividend payments
March 24, 2021
  • Despite record cash realisations, higher costs hurt statutory profits
  • Return of the dividend carries caveats

From Aim to the New York Stock Exchange: Burford Capital's (BUR) ascent through the equity league tables is the sort of journey bourse bosses like to crow about. Yet with its share price still trapped below the level it first sank to after a damaging 2019 report from short seller Muddy Waters, the litigation finance house is less of a poster child for growth than a warning about market exuberance and volatility.

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