Hardman & Co Research
Hardman & Co Research: Burford Capital (BUR): Mixture of strong and weak
activity in 2019
26-Feb-2020 / 14:10 GMT/BST
Hardman & Co Research: Mixture of strong and weak activity in 2019
Burford recently released its first-ever trading statement, covering cash
activity in 2019. Group-wide commitments set a new record of $1.57bn, a 24%
increase. Overall deployments were almost flat compared with 2018, at GBP1.07bn.
In both, the Sovereign Wealth Fund (SWF) and fund arrangements increased their
share. It was, however, a quiet second half for realisations on-balance sheet
in the core litigation finance business. 2019 profits will be lower than in
2018, with Burford indicating that net realised gains will be ca.$20m-$30m
lower than in 2018 and net unrealised gains ca.$50m-$70m lower.
Please click on the link below for the full report:
https://www.hardmanandco.com/research/corporate-research/mixture-of-strong-and
-weak-activity-in-2019/ [1]
If you are interested in meeting the company, you can register your interest
by clicking on the above link.
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 25 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
984103 26-Feb-2020
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=8ab0a3253e6ab9239ab647aca977b2d5&application_id=984103&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=5a632f52f80bd372265e4041a743aa1c&application_id=984103&site_id=vwd&application_name=news
(END) Dow Jones Newswires
February 26, 2020 09:10 ET (14:10 GMT)
