Burford Capital Stock Price, News & Analysis

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.

Burford Capital has released research highlighting CFOs' growing influence on corporate legal departments and the management of legal costs. Key findings reveal that 73% of financial officers have extensive recovery programs, with 75% of companies over $1 billion in revenue holding unenforced judgments valued between $20-$100 million. Notably, only 24% apply quantitative modeling to litigation decisions, indicating significant untapped potential for financial innovation in legal contexts. The report outlines a shift in recognizing pending litigations as valuable assets and the importance of integrating commercial strategies into legal departments.

Burford Capital announced it will release interim results for the six months ending June 30, 2021, on September 9, 2021, at 7am EDT. A conference call for investors will follow at 10am EDT. Burford, a leading global finance and asset management firm focused on law, is involved in litigation finance, risk management, and asset recovery. The company, publicly traded on NYSE and LSE under the ticker BUR, operates in major cities including New York and London. Key forward-looking statements highlight potential risks and uncertainties that may affect future performance.

Burford Capital Limited has appointed Kenneth A. Brause as its new Chief Financial Officer, effective May 3, 2021. Brause brings 35 years of financial services experience, having previously served as CFO at OnDeck Capital and held executive roles at CIT Group. His appointment follows the tenure of Jim Kilman, who led for nearly two years and will transition to a Senior Advisor role. CEO Christopher Bogart expressed confidence in Brause's expertise, particularly in enhancing Burford's growth and US capital markets presence.