Join our community of smart investors

Burford reveals Petersen value

Buoyed by a positive run of court awards, shares in the litigation funder soared on results day
Burford reveals Petersen value

“Market and economic turmoil, slow-moving courts and challenges at some of our shareholders have made the rehabilitation of our share price more difficult in the short term,” explained Burford Capital (BUR) in its long-delayed full-year results. A better-than-expected income statement for 2019, alongside signs of a strong post-period run of court results and arbitral awards, helped to rehabilitate the litigation funder’s market value by as much as a third on another volatile trading day.

IC TIP: Hold at 502p

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in