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Burford Capital celebrates its 15th anniversary
Prnewswire· 2024-09-11 13:29
Burford's deep bench of management talent continues to grow and evolve NEW YORK, Sept. 11, 2024 /PRNewswire/ -- Today marks the 15th anniversary of the founding of Burford Capital, the leading global finance and asset management firm focused on law. In just 15 years, Burford has gone from a single $130 million investment fund to a $7.4 billion industry leader – with a 27x increase in its market capitalization. Burford is fortunate to have a deep and continually growing bench of talented professionals from t ...
Wall Street Analysts See a 49.3% Upside in Burford Capital (BUR): Can the Stock Really Move This High?
ZACKS· 2024-09-02 14:55
Burford Capital Limited (BUR) closed the last trading session at $13.51, gaining 3.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $20.17 indicates a 49.3% upside potential. The average comprises three short-term price targets ranging from a low of $18 to a high of $22.50, with a standard deviation of $2.25. While the lowest estimate indicates an increase of 33.2% from the curre ...
Burford Capital(BUR) - 2024 Q2 - Earnings Call Transcript
2024-08-09 20:35
Burford Capital Limited (NYSE:BUR) Q2 2024 Earnings Conference Call August 8, 2024 7:00 AM ET Company Participants Christopher Bogart - Chief Executive Officer Jonathan Molot - Chief Investment Officer Jordan Licht - Chief Financial Officer Conference Call Participants Julian Roberts - Jefferies Matthew Howlett - B. Riley Alexander Bowers - Barenberg Operator Thank you for standing by. My name is Danica and I will be your conference operator today. At this time, I would like to welcome everyone to the Burfo ...
Burford Capital Limited (BUR) Q2 Earnings Lag Estimates
ZACKS· 2024-08-08 13:17
Burford Capital Limited (BUR) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -29.41%. A quarter ago, it was expected that this company would post earnings of $0.45 per share when it actually produced a loss of $0.14, delivering a surprise of -131.11%. Over the last four quarters, the co ...
Burford Capital(BUR) - 2024 Q2 - Quarterly Report
2024-08-08 11:00
Table of Contents Table of contents | | Page | | --- | --- | | Forward-looking statements | 2 | | Certain terms used in this Quarterly Report | 3 | | Condensed consolidated financial statements | | | Condensed consolidated statements of operations for the three and six months ended June 30, | 8 | | 2024 and 2023 | | | Condensed consolidated statements of comprehensive income/(loss) for the three and six | 9 | | months ended June 30, 2024 and 2023 | | | Condensed consolidated statements of financial position ...
Burford Capital Announces Transition to US Domestic Issuer Status
Prnewswire· 2024-08-05 11:00
NEW YORK, Aug. 5, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces that effective January 1, 2025, it will become a US domestic issuer after determining that Burford's US ownership exceeds 50% of its issued and outstanding ordinary shares as of June 30, 2024. As a result, Buford will no longer qualify as a "foreign private issuer", as defined under the US Securities Act of 1934, as amended. As a US domestic issuer, ...
Burford Capital Appoints KPMG LLP as Independent Auditor
Prnewswire· 2024-07-09 20:30
NEW YORK, July 9, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, is pleased to announce that, on July 1, 2024, the audit committee (the "Audit Committee") of Burford's board of directors (the "Board") has approved, and the Board has ratified, the appointment of KPMG LLP ("KPMG") as Burford's independent registered public accounting firm. KPMG will review Burford's consolidated financial statements for the three and nine months e ...
Notification Of Share-Based Compensation Transactions
Prnewswire· 2024-06-28 11:00
NEW YORK, June 28, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, provides the following notifications of various transactions in connection with the Burford Capital 2016 Long Term Incentive Plan (the "LTIP"). Following the issuance of these new Shares, the Company's issued ordinary share capital is 220,082,694, of which 669,947 Shares are held in treasury and do not have any voting rights. Therefore, the total number of voting ...
Notification of Transactions by Persons Discharging Managerial Responsibilities and Issuance of New Shares in Connection with DCP
Prnewswire· 2024-06-21 12:00
Core Points - Burford Capital Limited announced the distribution of 202,018 ordinary shares to its executives, including CEO Christopher Bogart and CIO Jonathan Molot, effective June 18, 2024 [8][9] - The total issued ordinary share capital of the company is now 220,057,785, with 669,947 shares held in treasury, resulting in 219,387,838 voting rights available to shareholders [2] Group 1: Share Distribution Details - The share distribution includes 85,310 shares to Mr. Bogart, 82,874 shares to Mr. Molot, 20,552 shares to Ms. Will, and 13,282 shares to Mr. Perla, reflecting shares withheld for tax purposes [1][8] - The shares were distributed as part of the Burford Capital Deferred Compensation Plan, where executives used their cash compensation to invest in notional shares [8][9] Group 2: Market Information - An application will be made for the newly issued shares to be admitted to trading on the AIM market of the London Stock Exchange, with an expected admission date of June 28, 2024 [9] - The shares will also be listed on the New York Stock Exchange [9] Group 3: Company Overview - Burford Capital is a leading global finance and asset management firm focused on law, involved in litigation finance, risk management, and legal advisory activities [18] - The company operates globally with offices in major cities including New York, London, and Hong Kong, and is publicly traded on both the NYSE and LSE [18]
Latest Burford Quarterly Explores how Business and Economic Trends are Impacting Commercial Disputes Across Industries
Prnewswire· 2024-06-19 15:16
Group 1: Healthcare Industry Trends - The US healthcare industry is experiencing significant changes due to factors such as consolidation, rising costs, and lingering impacts from Covid-19, leading to an increase in major disputes [1][6][7] - The increase in disputes is driving shifts in how healthcare businesses pursue and finance recoveries [1][6] Group 2: Legal Finance Insights - Judges at a recent conference indicated that mandatory disclosure of legal finance is unnecessary and could hinder business efficiency in pursuing claims [2] - Burford Capital's latest quarterly report highlights the economic factors and business trends affecting various industries, with a focus on the healthcare sector and construction disputes [7][10] Group 3: Unified Patent Court Impact - The Unified Patent Court (UPC) has been operational for a year, impacting 17 member nations and over 300 million people, leading to increased interest in financing IP litigation in Europe [4][7]