Burford Capital Stock Price, News & Analysis

Burford Capital Limited has announced the disclosure date for its full year 2021 results on March 29, 2022, at 7:00 AM EDT. The company will also host a conference call for investors at 10:00 AM EDT on the same day, with further details to be provided later. Burford Capital, a leader in finance and asset management in the legal sector, operates globally and is publicly traded on both the NYSE and LSE under the ticker BUR.

Burford Capital has achieved a historic milestone by surpassing $100 million in cumulative commitments to its Equity Project, aimed at promoting diversity in the legal field. As of February 28, over half of the phase two funds have been committed to supporting commercial litigation and arbitration led by female and racially diverse lawyers. The initiative seeks to enhance ESG and DEI efforts by incentivizing firms to appoint underrepresented lawyers. Co-COOs Aviva Will and David Perla express their excitement about the rapid growth of the project and its significant industry impact.

Burford Capital has released research indicating a significant opportunity for companies to enhance their legal departments through affirmative recovery programs. Despite most companies having such programs, only a few are deemed robust, with three of five general counsels admitting to neglecting valuable recoveries. The report emphasizes the benefits of systematic programs and the role of legal finance in improving recovery outcomes. Interviews with senior legal leaders reveal a growing awareness and appetite for integrating legal finance as a strategy for maximizing corporate value.

Burford Capital Limited hosted an investor event on November 2, 2021, discussing key themes including a projected $3.4 billion in cash proceeds and $2.0 billion in realized gains from its core portfolio. The firm emphasized its sustained growth strategy and innovation in litigation finance, showcasing a five-year rolling return on tangible equity exceeding 20%. The event aimed to highlight Burford's positive asymmetry in investment returns, with a significant upside potential compared to downside risks.

Burford Capital Limited announced an Investor Event on November 2, 2021, from 10:00 AM to 12:30 PM EDT. This event will be hosted by CEO Christopher Bogart and CIO Jonathan Molot at the New York Stock Exchange, with a reception following the presentation. Institutional investors can attend in person or via a real-time video webcast. Registration is required for both attendance options. Burford Capital focuses on law-related finance and asset management, and its stock is listed on both the NYSE and LSE under the ticker BUR.

Burford Capital Limited has announced an upcoming investor event scheduled for November 2, 2021, from 10:00 AM to 12:30 PM EDT. CEO Christopher Bogart and CIO Jonathan Molot will host the event, which is aimed at institutional investors and analysts. It will take place in-person at the New York Stock Exchange with a simultaneous online video webcast available to registered participants. Further details on registration will be provided later. Burford is publicly traded on the NYSE under the symbol BUR.

Burford Capital Limited announced its financial results for the first half of 2021, reporting substantial growth in new business. Direct new commitments soared by 334% to $503 million, while deployments jumped 229% to $398 million. The portfolio grew to $4.8 billion, and the return on invested capital improved to 95%. However, the company posted a net accounting loss after tax of $67 million, largely due to non-cash accruals, although adjusted profit after tax was $17 million. An interim dividend of 6.25¢ per share was declared, payable on December 2, 2021.

Burford Capital announced the details for its earnings call on September 9, 2021, at 10:00 AM EDT for the six-month period ending June 30, 2021. Investors and analysts are encouraged to pre-register for the call, with dial-in options available. A results presentation will be accessible on the company’s website. A replay of the call will be available until September 23, 2021. Burford Capital, known for its focus on finance and asset management in law, operates globally, providing litigation finance, risk management, and asset recovery services.

Burford Capital Limited reported significant advancements for the six months ending June 30, 2021. New commitments exceeded $500 million, with nearly $400 million deployed. Portfolio returns rose to 95% ROIC, while realized losses decreased to 0.5%. However, the company anticipates a net loss of approximately $70 million due to one-time non-cash accruals. The liquidity position remains strong, exceeding $430 million. Burford is considering converting to US GAAP by year-end, which may lead to balance sheet adjustments. The interim results will be announced on September 9, 2021.