Join our community of smart investors

Market's painful sentence for Burford

In less than a day, a short-seller's report has wiped more than two-thirds off the value of one of Aim's largest companies
Market's painful sentence for Burford

Shares in Burford Capital (BUR) were crushed this week, after a hotly-trailed report from short-seller Muddy Waters accused the litigation financier of “egregiously misrepresenting” its financial metrics. The 25-page report, published on Wednesday morning but widely anticipated to be the subject of a tweet sent on Tuesday, crystallised months of growing scepticism and bearish sentiment towards the group, outlining numerous ways in which Muddy Waters claims Burford manipulates its return on invested capital and its internal rate of return.

IC TIP: Hold at 591.5p

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