BUR Stock Recent News
BUR LATEST HEADLINES
ANF, TZOO, BUR, FMX and AUDC have been added to the Zacks Rank #1 (Strong Buy) List on November 30, 2023.
Burford Capital Limited (NYSE:BUR ) Q2 2023 Earnings Conference Call September 13, 2023 10:00 AM ET Company Participants Christopher Bogart - CEO Jordan Licht - CFO Jon Molot - CIO Conference Call Participants Julian Roberts - Jefferies Alexander Bowers - Berenberg Michael Cohen - MDC Financial Research Matthew Howlett - B. Riley Operator Hello, everyone, and welcome to today's conference call titled Burford Capital Second Quarter 2023 Results.
Burford Capital is on a positive streak with an acceleration in cases resolving, a successful resolving of setting GAAP standards for its asset class, and home run wins against Argentina. Burford and plaintiffs win against Argentina, leading to an around $16 billion claim against the country. Burford's quarterly earnings report is eagerly anticipated, and the company may consider selling a portion of the claim and reinvesting in its business.
Does Burford Capital Limited (BUR) Have the Potential to Rally 55.5% as Wall Street Analysts Expect?
The consensus price target hints at a 55.5% upside potential for Burford Capital Limited (BUR). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Burford Capital's shares are undervalued, with a potential 68% upside to fair value, due to the recent win in the Petersen/YPF case. The company operates in the litigation finance industry, providing upfront cash for legal fees in exchange for a portion of the proceeds if the case is successful. Risks to consider include uncertainty regarding the amount attributable to Burford in the YPF case, pandemic-related court delays, and future rate of returns.
NEW YORK , June 8, 2023 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces that it will release its interim results for the three months ended March 31, 2023 ("1Q23") on Tuesday, June 13, 2023, at 7.00am EDT / 12.00pm BST. Burford will hold a conference call for investors and analysts at 10.00am EDT / 3.00pm BST on Tuesday, June 13, 2023.
NEW YORK , May 2, 2023 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces the expected date for the release of its audited 2022 annual financial results and an update on the progress of its revised approach to the fair value accounting for its capital provision assets. 2022 Annual Financial Results Burford intends to announce its audited 2022 annual financial results and file its related Annual Report on Form 20-F (the "2022 Annual Report") on Tuesday, May 16, 2023 at 7.00am EDT / 12.00pm BST.
Burford Has Clear Value Beyond Eton/Peterson.
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.
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.