Hardman & Co Research
Hardman & Co Research: Burford Capital (BUR) Results don't need to be appealed
05-Aug-2019 / 09:40 GMT/BST
Hardman & Co Research: Results don't need to be appealed
Burford has announced its interim results for 1H'19 and has produced another
excellent set of figures. After stripping out third-party interests, revenue
was up 40% to $287m and earnings grew 36% to $225m. Litigation investment was
again the star, with income also increasing 36% to $265m. While this saw some
benefit from the recent Petersen transaction, there were strong results beyond
that with the rest of the portfolio producing a first-half RoIC of 78%. These
brought total recoveries to $1.16bn from 99 investments, with a cumulative
RoIC of 98% (from 85% to 31 December 2018) and IRR of 32% (from 30%).
Please click here for the full report:
https://www.hardmanandco.com/research/corporate-research/results-dont-need-to-
be-appealed/ [1]
To contact us: Contact:
Hardman & Co Brian Moretta bm@hardmanandco.com
35 New Broad Street
London +44 20 7194 7622
EC2M 1NH
www.hardmanandco.com
Follow us on Twitter
@HardmanandCo
Hardman & Co Research can still be accessed for free after MiFID II. Please
click here [2] to read the statement.
About Hardman & Co: For the past 21 years Hardman has been producing
specialist research designed to improve investors' understanding of companies,
sectors, industries and investment securities. Our analysts are highly
experienced in their sectors, and have often been highly rated by professional
investors for their knowledge. Our focus is to raise companies' profiles
across the UK and abroad with outstanding research, investor engagement
programmes and advisory services. Some of our notes have been commissioned by
the company which is the subject of the note; this is clearly stated in the
disclaimer where this is the case.
Hardman Research Ltd, trading as Hardman & Co, is an appointed representative
of Capital Markets Strategy Ltd and is authorised and regulated by the
Financial Conduct Authority; our FCA registration number is 600843. Hardman
Research Ltd is registered at Companies House with number 8256259.
Our research is provided for the use of the professional investment community,
market counterparties and sophisticated and high net worth investors as
defined in the rules of the regulatory bodies. It is not intended to be made
available to unsophisticated retail investors. Anyone who is unsure of their
categorisation should consult their professional advisors. This research is
neither an offer, nor a solicitation, to buy or sell any security. Please read
the note for the full disclaimer.
Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
End of Announcement - EQS News Service
851811 05-Aug-2019
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=ee5f70ac09d77d85bfdb5984e9c68830&application_id=851811&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=5a632f52f80bd372265e4041a743aa1c&application_id=851811&site_id=vwd&application_name=news
(END) Dow Jones Newswires
August 05, 2019 04:40 ET (08:40 GMT)
© 2019 Dow Jones News