Burford Capital Limited

Burford Capital Ltd. engages in the provision of investment capital, asset management, financing, and risk solutions with a focus on the legal sector. It operates through following segments: Capital Provision, Asset Management, and Services and Other Corporate. The Capital Provision segment includes direct where the company provide capital directly to clients, and indirect where it offers capital by investing through funds that the company manage. The Asset Management segment manages eight investment finds and resulting fee stream, as well as managing the funds that hold assets originated by its post-settlement finance activity. The Services and Other Corporates segment covers fees generated for services provided by its asset recovery, legal risk management, and corporate financial activity. The company was founded by Christopher P. Bogart, Elizabeth O'Connell and Jonathan T. Molot on September 11, 2009 and is headquartered in St. Peter Port, Guernsey.

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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Burford Capital Ltd. engages in the provision of legal finance products and services comprising core legal finance and alternative strategies, and in the asset management business. It operates through following segments: Capital Provision, Asset Management and Other Services, and Other Corporate. The Capital Provision segment provides capital to the legal industry or in connection with legal matters, both directly and through investment in the Group's private funds. The Asset Management and Other Services segment offers services to the legal industry including litigation insurance. The Other Corporate segment includes certain operating and non-operating activities that are not used internally to measure and evaluate the performance of the reportable segments. The company was founded by Christopher P. Bogart, Elizabeth O'Connell, and Jonathan T. Molot on September 11, 2009 and is headquartered in St. Peter Port, Guernsey.

Burford received a favorable ruling on its largest case today (YPF). This could result in a payment close of around $13/share in the best case, though there could be payment delays from Argentina.

Burford Capital Likely Has Further To Run After Legal Ruling

Burford has had several years now of difficulties with the valuation of the receivables. It's one of those areas where opinions can legitimately differ. Also, one where views can be had.

Oops! Burford Capital Delays Accounts, Stock Drops 15%

Burford Capital Limited (LSE:BUR) shares crumpled 20% after a generally positive trading update, where it reported on better year for cash realisations but a lack of progress on its major Argentinian claim and delayed publication of its full accounts due to ongoing discussions with the US financial regulator. Talks between the litigation finance funding specialist and the US Securities and Exchange Commission (SEC) have been going on for six months over whether to adopt a new fair valuation methodology for legal finance assets.

Burford Capital crumples as SEC talks raise 'uncomfortable questions' about its accounting

NEW YORK , March 15, 2023 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today releases an update on its 2022 business activity. We also discuss in this release the status and timing of Burford's Annual Report on Form 20-F which will reflect the impact of anticipated modifications to our fair value methodology discussed in more detail below.

BURFORD CAPITAL PROVIDES UPDATE ON STRONG 2022 BUSINESS ACTIVITY

INTENDED PURCHASES OF ORDINARY SHARES BY EMPLOYEE BENEFIT TRUST GUERNSEY, CHANNEL ISLANDS / ACCESSWIRE / December 9, 2022 / Burford Capital, the leading global finance and asset management firm focused on law, today announces the intended purchases of its ordinary shares ("Shares") to satisfy vested awards made under Burford Capital's 2016 Long Term Incentive Plan. Burford Capital will request the trustee of the Burford Capital Employee Benefit Trust to purchase on the open market up to 400,000 Shares for an expected market value of approximately £2,804,000 (based on the closing sale price on London Stock Exchange's AIM on December 7, 2022) as soon as practicable, and up until December 31, 2022.

Intended Purchases of Burford Capital Ordinary Shares by Employee Benefit Trust

GUERNSEY, the CHANNEL ISLANDS / ACCESSWIRE / November 25, 2022 / Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, has been notified of certain purchases of the bonds issued by Burford Capital Finance LLC (the "Company"), an indirect wholly-owned subsidiary of Burford, made by Hugh Steven Wilson, Burford's Chairman. On November 22, 2022, Mr Wilson purchased 2,000 6.125% US Dollar denominated bonds due August 12, 2025 issued by the Company ("Bonds") at a price of US$92.15 per Bond.

Burford Capital Notification of Transaction by Person Discharging Managerial Responsibilities (PDMR)

The rapidly growing litigation finance industry is creating a new asset class with uncorrelated alpha-generating returns. Burford Capital is the largest player in the industry, with what appears to be a sustainable competitive advantage.

Burford Capital: A Competitive Advantage With Numerous Catalysts

GUERNSEY / ACCESSWIRE / November 16, 2022 / Burford Capital Limited, the leading global finance and asset management firm focused on law, is pleased to announce the appointment of Berenberg as Joint Corporate Broker ("Joint Broker") with immediate effect. Berenberg will serve alongside Burford's Nominated Adviser ("NOMAD") and Joint Broker Numis Securities Limited and Joint Broker Jefferies International Limited.

Burford Capital appointment of Joint Corporate Broker

New research reveals growing business impact of in-house lawyers and legal departments as they increasingly generate cash recoveries 69% of GCs say identifying new ways to add value is the most important means by which they can contribute to company success-and affirmative litigation recoveries have a role to play GUERNSEY / ACCESSWIRE / November 1, 2022 / Burford Capital, the leading global finance and asset management firm focused on law, today releases new independent research based on a survey of 300 GCs and heads of litigation in the US and UK that demonstrates the transformative way that GCs view legal department impact. GCs seek to add value to the business, and affirmative litigation recoveries play an increasingly important role.

Burford Capital Releases 2022 GC Survey Results

While shares of Burford Capital have fallen 33% year to date, there has been little change in the fundamental outlook of the business. If Burford's current portfolio of cases (ex-YPF) performs in line with historical results, Burford should generate $8/share in value (assuming no growth).

Burford Capital: Downside Appears Limited; YPF Is A Free Lottery Ticket

New research shows companies with large claims recover more and preserve budgets by using legal finance as part of their class action opt out strategies Legal finance use is 3x likelier among companies that mostly/always opt out of the class vs. those that mostly/always remain in the class GUERNSEY / ACCESSWIRE / September 13, 2022 / Burford Capital, the leading global finance and asset management firm focused on law, today releases new independent research demonstrating the value of legal finance for companies with valuable commercial class action claims.

Burford Capital Limited Announces Burford Capital-Report on Class Action Recoveries

Rithm Capital Corp

GUERNSEY / ACCESSWIRE / September 6, 2022 / Burford Capital Limited, the leading global finance and asset management firm focused on law, today announces that Jordan Licht has been appointed as its Chief Financial Officer. Mr Licht was previously the Chief Operating Officer of both Caliber Home Loans and Newrez LLC, which recently combined under the Rithm banner (NYSE: RITM) to form a top five non-bank residential mortgage origination and servicing business.

Burford Capital Appoints Jordan Licht as Chief Financial Officer

Burford Capital Limited (NYSE:BUR ) Q2 2022 Earnings Conference Call August 9, 2022 10:00 AM ET Company Participants Christopher Bogart - Chief Executive Officer Jonathan Molot - Chief Investment Officer Kenneth Brause - Chief Financial Officer Conference Call Participants David Chiaverini - Wedbush Securities Julian Roberts - Jefferies Andrew Shepherd-Barron - Peel Hunt LLP James Hamilton - Numis Securities Limited Christopher Bogart Thanks very much, and hello, everybody. Thank you for taking some time in what is almost the middle of August to talk about Burford and our interim results.

Burford Capital Limited (BUR) CEO Christopher Bogart on Q2 2022 Results - Earnings Call Transcript

GUERNSEY / ACCESSWIRE / August 9, 2022 / Burford Capital Limited (NYSE:BUR)(LSE:BUR), the leading global finance and asset management firm focused on law, today announces its financial results for the six months ended June 30, 2022 ("1H 2022"). 1 The Burford Capital 2022 Interim Report, including financial statements (the "2022 Interim Report"), is available at http://www.rns-pdf.londonstockexchange.com/rns/4301V_1-2022-8-9.pdf or on the Burford Capital website at www.burfordcapital.com/shareholders.

Burford Capital Reports First Half 2022 Results

GUERNSEY / ACCESSWIRE / August 9, 2022 / Burford Capital Limited, the leading global finance and asset management firm focused on law, is pleased to announce the appointment of Dr. Rukia Baruti as an independent non-executive director. Dr. Baruti is the Secretary General of the African Arbitration Association and an experienced independent arbitrator.

Burford Capital Appoints Dr. Rukia Baruti as an Independent Non-Executive Director

NOTICE OF INTERIM 2022 RESULTS DISCLOSURE DATE AND RESULTS CALL REGISTRATION AND PARTICIPATION DETAILS GUERNSEY / ACCESSWIRE / July 26, 2022 / Burford Capital Limited, the leading global finance and asset management firm focused on law, today announces that it will disclose its interim results for the six months ended June 30, 2022, on Tuesday, August 9, 2022, at 7.00am EDT / 12.00pm BST / 1.00pm CEST. Management will host a conference call for investors and analysts at 10.00am EDT / 3.00pm BST / 4.00pm CEST on Tuesday, August 9, 2022.

Burford Capital Notice of Interim 2022 Results Date and Results Call Details

GUERNSEY / ACCESSWIRE / June 27, 2022 / Burford Capital Limited, the leading global finance and asset management firm focused on law, has been notified of certain transactions in Burford's ordinary shares of nil par value ("Shares") by Andrea Muller, non-executive director. Ms Muller purchased 10,000 Shares on the New York Stock Exchange between June 21 and June 23, 2022, at an average price of $8.88 per Share.

Burford Capital Notification of Transaction by Person Discharging Managerial Responsibility

GUERNSEY / ACCESSWIRE / June 13, 2022 / Burford Capital Limited, the leading global finance and asset management firm focused on law, today announces the closing of the $350 million Burford Alternative Income Fund II LP ("BAIF II"), a new private fund focused on post-settlement investments. BAIF II will invest in settled litigation matters, monetizing a claimant's settlement and other associated legal receivables.

Burford Capital Raises More than $1 Billion in Three Months with New $350 Million Post-Settlement Investment Fund

INTENDED PURCHASES OF ORDINARY SHARES TO SATISFY NON-EMPLOYEE DIRECTORS' AWARDS LONDON, UK / ACCESSWIRE / June 10, 2022 / Burford Capital Limited, the leading global finance and asset management firm focused on law, today announces that it intends to conduct open market purchases of Burford's ordinary shares of nil par value ("Shares") to satisfy a grant of awards to Burford's non-employee directors under the Burford Capital Limited 2021 Non-Employee Directors' Share Plan as soon as practicable following the date of this announcement. The purchases will have a market value of approximately £160,000, which would result in the purchase of no more than 23,066 Shares based on the average closing prices on the New York and London Stock Exchanges between June 6, 2022 and June 8, 2022.

Burford Capital Limited Announces Intended Purchases of Ordinary Shares to Satisfy Non-Employee Directors' Awards

GLOBAL RETAIL SHAREHOLDER CALL REGISTRATION AND PARTICIPATION DETAILS GUERNSEY / ACCESSWIRE / June 1, 2022 / Burford Capital Limited, the leading global finance and asset management firm focused on law, today announces registration and participation details for its global retail shareholder call on Thursday, June 16, 2022, at 9.00am EDT / 2.00pm BST / 3.00pm CEST with Christopher Bogart, Chief Executive Officer, to discuss Burford's results for the year ended December 31, 2021 and other prior disclosures, as well as answer shareholder questions. To gain dedicated access to the call, retail shareholders are requested to pre-register via: https://www.burfordcapital.com/events/2022-retail-shareholder-event/.

Burford Capital Limited Announces Global Retail Shareholder Call Registration And Participation Details

GUERNSEY, BRITISH ISLES / ACCESSWIRE / June 1, 2022 / Burford Capital Limited, the leading global finance and asset management firm focused on law, today announces the Sterling conversion rate for its previously approved 2021 final dividend of 6.25 US cents per ordinary share to be paid on June 17, 2022, to shareholders of record as of May 27, 2022. For shareholders electing to receive their dividend in Sterling, the final dividend is 4.954419 pence per ordinary share, based on the exchange rate of £1 = US$1.2615 set on May 27, 2022.

Burford Capital Limited Announces Sterling Conversion Rate For 2021 Final Dividend

GUERNSEY / ACCESSWIRE / May 26, 2022 / Burford Capital Limited, the leading global finance and asset management firm focused on law, today announces the extension of its arrangement ("BOF-C") with its sovereign wealth fund strategic partner (the "SWF") through December 31, 2023. While BOF-C was nearly full at the end of 2021, with $633 million in active commitments out of its $667 million fund size, only $274 million was deployed.

Burford Extends Life of Sovereign Wealth Fund Arrangement and Comments on Fund Management Business

GUERNSEY / ACCESSWIRE / May 20, 2022 / Burford Capital Limited, the leading global finance and asset management firm focused on law, is pleased to announce that all of the resolutions proposed at its annual general meeting held on May 18, 2022 were approved by shareholders, including, among others, the approval of a final dividend of 6.25 US cents per ordinary share to be paid on June 17, 2022 to all ordinary shareholders on the register of members at the close of business on May 27, 2022 and the appointment of Christopher Halmy as a new director. The votes received are detailed below: Ordinary Resolutions Total votes for Total votes against Total votes withheld 1.

Burford Capital Limited Announces Result of AGM

GUERNSEY / ACCESSWIRE / May 18, 2022 / Burford Capital Limited, the leading global finance and asset management firm focused on law, today announces that it will host a call for worldwide retail shareholders on Thursday, June 16, 2022, at 9.00am EDT / 2.00pm BST / 3.00pm CEST, during which Christopher Bogart, Chief Executive Officer, will discuss Burford's results for the year ended December 31, 2021 and prior disclosures, and answer shareholder questions. A further announcement with retail shareholder registration and call participation details will be made in due course.

Burford Capital To Host Global Retail Shareholder Call on June 16, 2022

This notice relates to the disclosure of information that qualified or may have qualified as inside information within the meaning of Article 7(1) of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "UK Market Abuse Regulation"). SEE "IMPORTANT INFORMATION" BELOW.

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