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]
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891959 17-Oct-2019
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(END) Dow Jones Newswires
October 17, 2019 08:29 ET (12:29 GMT)
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