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Burford Capital Ltd (BURF.L)

BURF.L on London Stock Exchange

793.00GBp
19 Sep 2019
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1,867,378
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2,045.00
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380.20

Latest Key Developments (Source: Significant Developments)

Woodford Says To Withhold Disclosing Top 10 Holdings During Fund Suspension
Friday, 23 Aug 2019 

Aug 23 (Reuters) - Woodford::AFTER CONSULTATION WITH LINK, DECIDED TO WITHHOLD DISCLOSING THE TOP 10 HOLDINGS WHILE THE FUND IS SUSPENDED..CONTINUE TO MONITOR PROGRESS OF REPOSITIONING OF FUND’S PORTFOLIO TO ENSURE THAT IT IS ON TRACK.AIM OF LIFTING SUSPENSION ON FUND IN DECEMBER "REMAINS ACHIEVABLE".OVER LAST 28-DAY PERIOD OF SUSPENSION, FUND UNDERPERFORMED ITS BENCHMARK, MAINLY DUE TO SHARE PRICE FALL IN BURFORD CAPITAL,INDUSTRIAL HEAT.CURRENTLY REMAIN OF VIEW THAT AIMING FOR LIFTING SUSPENSION ON FUND IN DECEMBER IS A "REALISTIC TIMEFRAME".LINK REVIEWED UNQUOTED HOLDING INDUSTRIAL HEAT AS PART OF REVIEW, DETERMINED PROGRESS HAD NOT BEEN AT PACE ANTICIPATED IN PREVIOUS REVIEWS.SAYS "WE ARE NOT RESPONSIBLE FOR UNQUOTED VALUATIONS ACROSS ANY OF OUR FUNDS".WHEN FUND REOPENS, PORTFOLIO WILL CONTINUE TO BE FOCUSED ON UNDERVALUED COS, BUT MAJORITY OF THEM WILL BE FTSE 100 & FTSE 250 CONSTITUENTS.TO DATE, MORE THAN 80% OF PROCEEDS FROM SHARE SALES SINCE SUSPENSION HAVE BEEN REINVESTED IN FTSE 100 COS.  Full Article

Burford Capital Appoints New CFO, Seeks U.S. Listing
Thursday, 15 Aug 2019 

Aug 15 (Reuters) - Burford Capital Ltd ::BURFORD CAPITAL LTD - STATEMENT RE GOVERNANCE CHANGES.BURFORD - HAS MADE IT CLEAR FOR SOME TIME THAT IT IS CONSIDERING EXPANSION OF ITS STOCK MARKET LISTING AND THAT IT IS EXPLORING DUAL LISTING IN US.BURFORD CAPITAL LTD - CONCLUDED THAT IT WILL ENDEAVOUR TO PROCURE A SECOND LISTING ON EITHER NASDAQ OR NYSE AS A FIRST CHOICE.BURFORD CAPITAL LTD - BURFORD HAS CONCLUDED THAT IT WILL "ENDEAVOUR TO PROCURE A SECOND LISTING ON EITHER NASDAQ OR NYSE AS A FIRST CHOICE".BURFORD CAPITAL LTD - ALREADY ENGAGED IN EARLY STAGES OF PROCESS TO SEEK A US LISTING.BURFORD CAPITAL LTD - ALREADY ENGAGED IN EARLY STAGES OF PROCESS TO SEEK A US LISTING, AND HAVE BEEN SINCE WELL BEFORE RECENT EVENTS.BURFORD CAPITAL - DAVID LOWE WILL LEAVE BOARD AT NEXT AGM AND SIR PETER MIDDLETON WILL LEAVE BOARD AT FOLLOWING AGM.BURFORD CAPITAL LTD - INTEND THAT IN TERMS OF MANAGEMENT REPRESENTATION, AT LEAST CHIEF EXECUTIVE OFFICER WILL JOIN BOARD IN DUE COURSE.BURFORD CAPITAL LTD - IF CO DETERMINES THERE IS "INSUPERABLE CHALLENGE' WITH U.S. LISTING, INTEND TO PURSUE PREMIUM LISTING ON LSE MAIN MARKET.BURFORD CAPITAL LTD - JIM KILMAN WILL TAKE ON ROLE OF CFO.BURFORD CAPITAL LTD - WITH IMMEDIATE EFFECT, JIM KILMAN WILL TAKE ON ROLE OF CFO.BURFORD CAPITAL - CHARLES UTLEY WILL CONTINUE TO SERVE AS BURFORD'S CHIEF ACCOUNTING OFFICER.BURFORD CAPITAL LTD - KILMAN HAS AGREED TO SERVE FOR UP TO TWO YEARS AS CFO AND BOARD.  Full Article

Burford Capital's Deputy Chairman Wilson Bought 29,410 Extra Shares At 703P/Share
Wednesday, 14 Aug 2019 

Aug 14 (Reuters) - Burford Capital Ltd ::BURFORD CAPITAL - DEPUTY CHAIRMAN HUGH STEVEN WILSON YESTERDAY BOUGHT 29,410 EXTRA ORDINARY SHARES OF NIL PAR VALUE IN CO ON MARKET AT 703 PENCE/SHARE.BURFORD CAPITAL - WILSON CONTROLS A TOTAL OF 254,410 ORDINARY SHARES, AMOUNTING TO 0.12% OF ISSUED SHARE CAPITAL.  Full Article

Burford Capital H1 operating profit up 37% to $251 mln
Thursday, 25 Jul 2019 

July 25 (Reuters) - Burford Capital Ltd ::SAYS H1 PROFIT AFTER TAX UP 36% TO $225 MILLION (1H18: $166 MILLION).OPERATING PROFIT UP 37% TO $251 MILLION (1H18: $183 MILLION).SAYS INCOME UP 40% TO $287 MILLION (1H18: $205 MILLION); GROWTH DRIVEN BY 36% INCREASE IN INCOME FROM INVESTMENTS TO $265 MILLION (1H18: $195 MILLION.SAYS CUMULATIVE RETURNS ON CORE LITIGATION INVESTMENT PORTFOLIO INCREASED TO A 98% RETURN ON INVESTED CAPITAL NET OF LOSSES.SAYS HAS AN INTERNAL RATE OF RETURN OF 32% (31-DEC-18: 30%).SAYS ROBUST DEMAND FOR BURFORD'S CAPITAL REFLECTED IN RECORD NEW INVESTMENT COMMITMENTS OF $751 MILLION, UP 36%.SAYS TOTAL ASSETS UP 37% TO $2.25 BILLION.SAYS 1H19 DIVIDEND OF 4.17 CENTS, UP 14%.  Full Article

Burford Capital Gets Funding For $1.6 Bln New Litigation Investments
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Burford Capital Ltd ::SECURES FUNDING FOR $1.6 BILLION IN NEW LITIGATION INVESTMENTS.CAPITAL FOR ARRANGEMENTS WILL COME FROM THREE SOURCES: A SOVEREIGN WEALTH FUND, A NEW PRIVATE INVESTMENT FUND, CO'S BALANCE SHEET.  Full Article

Burford Capital Raises More Than $250 Million
Tuesday, 2 Oct 2018 

Oct 2 (Reuters) - Burford Capital Ltd ::BURFORD CAPITAL LTD - RAISES MORE THAN $250 MILLION FOR CONTINUING EXPANSION.BURFORD CAPITAL - 10.4 MILLION NEW SHARES PLACED WITH EXISTING AND NEW INSTITUTIONAL INVESTORS.BURFORD CAPITAL - NEW SHARES WERE PLACED AT A PRICE OF 1850 PENCE PER SHARE VIA AN ACCELERATED BOOKBUILD.BURFORD CAPITAL - PLACING RAISED ABOUT £192.6 MILLION ($251.2 MILLION) BEFORE EXPENSES.BURFORD CAPITAL - NUMIS SECURITIES LTD AND JOH. BERENBERG, GOSSLER & CO. KG, LONDON BRANCH ACTED AS JOINT GLOBAL CO-ORDINATORS.  Full Article

Burford Capital H1 Total Assets Up 37 pct To $1.64 Bln
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Burford Capital Ltd ::SAYS PROFIT AFTER TAX UP 17% TO $166.3 MILLION (1H17: $142.7 MILLION).SAYS 1H18 DIVIDEND OF 3.67¢, 20% INCREASE (1H17: 3.05¢).SAYS SUBSTANTIAL CLIENT DEMAND FOR BURFORD'S CAPITAL REFLECTED IN RECORD NEW INVESTMENT COMMITMENTS OF $540 MILLION (1H17: $492 MILLION).SAYS NEW COMMITMENTS TO SINGLE CASE INVESTMENTS MORE THAN DOUBLED TO $88 MILLION.SAYS NEW COMMITMENTS TO PORTFOLIO INVESTMENTS UP 70% TO $205 MILLION.SAYS TOTAL ASSETS UP 37% TO $1.64 BILLION (1H17: $1.20 BILLION).  Full Article

Burford Capital Say Informed By Invesco Of Completion Of Sale Of 2.59 Mln Burford's Shares
Friday, 20 Apr 2018 

April 20 (Reuters) - Burford Capital Ltd ::BURFORD CAPITAL LTD - BEEN INFORMED BY INVESCO PERPETUAL THAT IT HAS COMPLETED A BLOCK SALE OF APPROXIMATELY 2.59 MILLION SHARES OF BURFORD'S COMMON STOCK.BURFORD CAPITAL LTD - INVESCO NOW OWNS 17.78% OF BURFORD AND ITS SHAREHOLDING REMAINS A CORE POSITION IN INVESCO'S FUNDS..  Full Article

Offering Of 4.2 Pct Of Burford Capital Priced Between 13-13.50 Pounds Per Share- Bookrunner
Tuesday, 20 Mar 2018 

March 20 (Reuters) - Burford Capital Ltd ::BLOCK TRADE: BURFORD CAPITAL-BOOKRUNNER- SECONDARY OFFERING OF C.8,680,000 SHARES (UP TO C. 4.2% OF CURRENT SHARE CAPITAL) IN BURFORD CAPITAL.BLOCK TRADE: BURFORD CAPITAL-BOOKRUNNER SAYS PRICE GUIDANCE OF GBP 13.00 – GBP 13.50 PER SHARE‍​.  Full Article

Burford Capital Says FY 2017 Net Profit After Tax Of $264.8 Mln
Wednesday, 14 Mar 2018 

March 14 (Reuters) - Burford Capital Ltd ::‍FY 2017 NET PROFIT AFTER TAX $264.8 MILLION VERSUS $115.1 MILLION IN FY 2016.‍ASSETS UNDER MANAGEMENT IN BURFORD'S INVESTMENT MANAGEMENT BUSINESS INCREASED TO $1.7 BILLION IN 2017 VERSUS $1.3 BILLION IN 2016.  Full Article