Burford Capital (BUR): Arbitration judgement shows value of patience
On Friday a positive judgement was received in one of Burford’s long standing arbitration cases. In the claim by Teinver S.A. and others against Argentina, an award of $324m plus interest was made. While there are several factors to be resolved, Burford estimate their share of the award at around $140m, subject to an ongoing compound interest calculation. This compares with a current investment of $13m and an approximated balance sheet value of $30m. Although the company has yet to discuss with their auditors, they note that booked gain will not approach the full $110m difference in their year end financials.
We are a rapidly growing, innovative corporate research & consultancy business, based in London, serving the needs of both public and private companies.
Our expert team of sector analysts and market professionals collectively have over 400 years of experience. This depth of knowledge and a reputation for integrity have built trust with investors. With effective communication and precision distribution, we help companies disseminate their investment message to interested investors, as well as advise them on strategy.
Our smaller, boutique structure allows us to provide first-class customer service and to deliver a wide range of ad-hoc services for multiple clients with different needs.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.