Hardman & Co Research
Hardman & Co Research: Burford Capital (BUR): Strong evidence that fair value
is fair
17-Oct-2019 / 13:29 GMT/BST
Hardman & Co Research: Strong evidence that fair value is fair
In the aftermath of a dramatic period, Burford has provided additional
disclosure that greatly improves understanding of its fair value process and
its conservatism. The timing of when fair value adjustments are made has been
well explained previously, with clear objective criteria. How the amount of
each valuation change is determined has also had some clarification, with an
objective core overlaid by adjustments that involve some judgement. Detailed
data have also been provided on the 20 concluded cases that have had
adjustments of $1m or more. All this adds considerably to the belief that
Burford's fair value is prudent. Please click here for the full report:
https://www.hardmanandco.com/research/corporate-research/strong-evidence-that-
fair-value-is-fair/ [1]
To contact us: Contacts:
Hardman & Co Brian Moretta bm@hardmanandco.com
35 New Broad Street
London
EC2M 1NH
+44 20 20 7451
7622
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
891959 17-Oct-2019
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=73e0f224586ef3dfede2458e59cf2d19&application_id=891959&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=5a632f52f80bd372265e4041a743aa1c&application_id=891959&site_id=vwd&application_name=news
(END) Dow Jones Newswires
October 17, 2019 08:29 ET (12:29 GMT)
