Burford Capital Limited

Burford Capital Ltd. engages in the provision of investment capital, asset management, financing, and risk solutions with a focus on the legal sector. It operates through following segments: Capital Provision, Asset Management, and Services and Other Corporate. The Capital Provision segment includes direct where the company provide capital directly to clients, and indirect where it offers capital by investing through funds that the company manage. The Asset Management segment manages eight investment finds and resulting fee stream, as well as managing the funds that hold assets originated by its post-settlement finance activity. The Services and Other Corporates segment covers fees generated for services provided by its asset recovery, legal risk management, and corporate financial activity. The company was founded by Christopher P. Bogart, Elizabeth O'Connell and Jonathan T. Molot on September 11, 2009 and is headquartered in St. Peter Port, Guernsey.

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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Burford Capital Ltd. engages in the provision of legal finance products and services comprising core legal finance and alternative strategies, and in the asset management business. It operates through following segments: Capital Provision, Asset Management and Other Services, and Other Corporate. The Capital Provision segment provides capital to the legal industry or in connection with legal matters, both directly and through investment in the Group's private funds. The Asset Management and Other Services segment offers services to the legal industry including litigation insurance. The Other Corporate segment includes certain operating and non-operating activities that are not used internally to measure and evaluate the performance of the reportable segments. The company was founded by Christopher P. Bogart, Elizabeth O'Connell, and Jonathan T. Molot on September 11, 2009 and is headquartered in St. Peter Port, Guernsey.

NEW YORK , July 31, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces that it will release its financial results for the three and six months ended June 30, 2024 ("2Q24") on Thursday, August 8, 2024, at 7.00am EDT / 12.00pm BST. Burford will hold a conference call for investors and analysts at 10.00am EDT / 3.00pm BST on Thursday, August 8, 2024.

Burford Capital Announces Date for Release of 2Q24 Financial Results and Results Call Registration and Participation Details

Notice of Extraordinary General Meeting GUERNSEY / ACCESSWIRE / July 22, 2024 / Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces the date of its extraordinary general meeting (the "EGM") and the distribution of the notice of the EGM (the "Notice of EGM") to registered shareholders. In addition to the approval of KPMG LLP's appointment as Burford's independent registered public accounting firm and the authorization of the board of directors to agree upon KPMG LLP's remuneration, Burford is taking the opportunity, in anticipation of a change to full US issuer status this year, to propose a series of amendments to Burford's articles of incorporation to bring them more in keeping with typical US market norms and to adopt current best practices as advised by US counsel.

Burford Capital Limited Announces Notice of EGM

NEW YORK , July 9, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, is pleased to announce that, on July 1, 2024, the audit committee (the "Audit Committee") of Burford's board of directors (the "Board") has approved, and the Board has ratified, the appointment of KPMG LLP ("KPMG") as Burford's independent registered public accounting firm. KPMG will review Burford's consolidated financial statements for the three and nine months ending September 30, 2024 and will audit Burford's consolidated financial statements for the fiscal year ending December 31, 2024.

Burford Capital Appoints KPMG LLP as Independent Auditor

NEW YORK , June 28, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, provides the following notifications of various transactions in connection with the Burford Capital 2016 Long Term Incentive Plan (the "LTIP"). Issuance of New Ordinary Shares in Connection with LTIP In connection with the LTIP, on June 26, 2024, Burford has issued 24,909 new ordinary shares, no par value per share ("Shares"), to satisfy the vesting of restricted stock units pursuant to the realization of awards under the LTIP on June 21, 2024.

Notification Of Share-Based Compensation Transactions

NEW YORK , June 21, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces that, effective June 18, 2024, Chief Executive Officer Christopher Bogart, Chief Investment Officer Jonathan Molot and Co-Chief Operating Officers Aviva Will and David Perla received in aggregate 202,018 Burford's ordinary shares of nil par value ("Shares"). These distributions of actual Shares were made after each of the executives used his or her respective cash compensation to make the original investment in notional Shares through the Burford Capital Deferred Compensation Plan (the "DCP") in March or April 2022, as applicable.

Notification of Transactions by Persons Discharging Managerial Responsibilities and Issuance of New Shares in Connection with DCP

Examines industries including US healthcare sector, in which consolidation and rising costs are driving an increase in major disputes NEW YORK , June 19, 2024 /PRNewswire/ -- Burford Capital, the leading global finance and asset management firm focused on law, today releases its latest Burford Quarterly, a journal of legal finance that explores the top trends at the nexus of law and finance. Articles in the Burford Quarterly 3 2024 include: The business and legal trends shaping healthcare The US healthcare industry is one of the country's largest.

Latest Burford Quarterly Explores how Business and Economic Trends are Impacting Commercial Disputes Across Industries

NEW YORK , June 6, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, provides an update on the completed purchases of Burford's ordinary shares of nil par value ("Shares") to satisfy non-employee directors' awards and grants of Shares to non-employee directors under the Burford Capital Limited 2021 Non-Employee Directors' Share Plan (the "NED Plan"). Completed purchases of Shares On June 4, 2024, Burford completed the open market purchases of 19,285 Shares on the London Stock Exchange at a blended price of 1129.2549p per Share to satisfy a grant of awards to Burford's non-employee directors under the NED Plan.

Completed Purchases of Ordinary Shares to Satisfy Non-Employee Directors' Awards and Grants of Ordinary Shares to Non-Employee Directors

NEW YORK , June 3, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces the intended open market purchases of Burford's ordinary shares of nil par value ("Shares") on the London Stock Exchange to satisfy a grant of awards to Burford's non-employee directors under the Burford Capital Limited 2021 Non-Employee Directors' Share Plan as soon as practicable following this announcement. One of Burford's joint brokers, Numis Securities Limited (trading as Deutsche Numis), will purchase the Shares on Burford's behalf, pursuant to an instruction to purchase 19,285 Shares at an approximate market value of £212,135 based on the average closing prices on the London Stock Exchange between May 29, 2024 and May 31, 2024.

Intended Purchases of Ordinary Shares to Satisfy Non-Employee Directors' Awards

Marks the first entry of legal finance—an emerging asset class—to the Indexes NEW YORK , May 28, 2024 /PRNewswire/ -- Burford Capital, the leading global finance firm focused on law, is expected to join the broad-market Russell 3000® and small-cap Russell 2000® Indexes at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective after the US market opens on July 1, 2024, according to a preliminary list of additions posted on May 24, 2024. Burford is the first legal finance firm to be listed on the New York Stock Exchange and the first legal finance firm expected to join the Russell 3000® and 2000® Indexes.

Burford Capital Expected to Join Russell 3000® and 2000® Indexes

NEW YORK , May 20, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, is pleased to announce that all of the resolutions proposed at its annual general meeting held on May 15, 2024 were approved by shareholders, including, among others, the approval of a final dividend of 6.25¢ (United States cents) per ordinary share to be paid on June 14, 2024 to all ordinary shareholders on the register of members at the close of business on May 24, 2024. The votes received are detailed below: Ordinary resolutions Total votes for Total votes against Total votes withheld 1.

Burford Capital Announces Results of the 2024 AGM

Senior in-house legal and finance department leaders across industries reveal differing plans for future legal and legal AI spend, but share commitment to seeking innovation and new ways to add value NEW YORK , May 15, 2024 /PRNewswire/ -- Burford Capital, the leading global finance and asset management firm focused on law, today releases a new study that examines how senior legal and finance department leaders across industries approach litigation spend, legal cost and risk management and optimizing legal department value. Much has changed in the 15 years since Burford's inception in the wake of the global financial crisis.

New Study Reveals How GCs and CFOs Across Industries Manage Legal Risk and Value in an Uncertain Climate

Burford Capital Limited (NYSE:BUR ) Q1 2024 Earnings Conference Call May 13, 2024 8:00 AM ET Company Participants Christopher Bogart - CEO Jonathan Molot - CIO Jordan Licht - CFO Conference Call Participants Alexander Bowers - Berenberg Operator Thank you for standing by. My name is Krista and I will be your conference operator today.

Burford Capital Limited (BUR) Q1 2024 Earnings Call Transcript

Burford Capital Limited (BUR) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of $0.45. This compares to earnings of $1.17 per share a year ago.

Burford Capital Limited (BUR) Reports Q1 Loss, Lags Revenue Estimates

NEW YORK , May 13, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces its first quarter 2024 results. In addition, Burford has made available an accompanying first quarter 2024 results presentation on its website at http://investors.burfordcapital.com.

Burford Capital Reports First Quarter 2024 Results

NEW YORK , May 8, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces that it will release its financial results for the three months ended March 31, 2024 ("1Q24") on Monday, May 13, 2024, at 7.00am EDT / 12.00pm BST. Burford will hold a conference call for investors and analysts at 8.00am EDT / 1.00pm BST on Monday, May 13, 2024.

Burford Capital Announces Date for Release of 1Q24 Financial Results and Results Call Registration and Participation Details

Experts from top law firms and consultancies weigh in on how legal finance has transformed the business of law NEW YORK , April 18, 2024 /PRNewswire/ -- Burford Capital, the leading global finance and asset management firm focused on law, today releases its latest Burford Quarterly, a journal of legal finance that explores the top trends at the nexus of law and finance. Articles in the Burford Quarterly 2 2024 include: Visualizing 15 years of legal finance Since its founding, Burford has deployed $7.7 billion to the business of law, which represents billions in value creation and cost avoidance for businesses.

Latest Burford Quarterly Explores 15 Years of Growth and Evolution in Legal Finance

The average of price targets set by Wall Street analysts indicates a potential upside of 33.5% in Burford Capital (BUR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Think Burford Capital (BUR) Could Surge 33.49%: Read This Before Placing a Bet

NEW YORK , April 10, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces that it will host a call for retail shareholders on Thursday, June 20, 2024 at 10.00am EDT / 3.00pm BST, during which Christopher Bogart, Chief Executive Officer, and Jordan Licht, Chief Financial Officer, will discuss Burford's financial results and other disclosures and answer shareholder questions. To gain dedicated access to the call, retail shareholders are requested to pre-register via: https://event.on24.com/wcc/r/4554991/5C93A7004263D612B209AC1A8EC3EBBA.

Burford Capital to Host Global Retail Shareholder Call on June 20, 2024

Burford management increase holdings to 10.6% NEW YORK , April 3, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, provides the following notification of various transactions by persons discharging managerial responsibilities (each, a "PDMR"), as well as an update on the aggregate actual and potential ownership of members of Burford's management committee of Burford's ordinary shares of nil par value ("Shares"). Christopher Bogart, Burford's Chief Executive Officer, commented: "Jon Molot and I have together invested $23.6 million in Burford's shares in the last five years between cash purchases and deferrals of cash compensation.

Notification Of Transactions By Persons Discharging Managerial Responsibilities

The consensus price target hints at a 25.7% upside potential for Burford Capital (BUR). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts See a 25.67% Upside in Burford Capital (BUR): Can the Stock Really Move This High?

Burford Capital (BUR) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

What Makes Burford Capital (BUR) a Good Fit for 'Trend Investing'

NEW YORK , March 28, 2024 /PRNewswire/ -- Burford Capital Limited, the leading global finance and asset management firm focused on law, today announces that its Annual Report on Form 20-F for the year ended December 31, 2023 (the "Annual Report") has been filed with the US Securities and Exchange Commission and can be accessed on Burford's website at http://investors.burfordcapital.com. Shareholders may also request, free of charge, a hard copy of the Annual Report, which includes Burford's complete audited consolidated financial statements for the year ended December 31, 2023, by contacting investor relations at IR@burfordcapital.com.

Availability of 2023 Annual Report on Form 20-F for Year Ended December 31, 2023

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LWAY, GM and BUR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 22, 2024.

Best Momentum Stock to Buy for March 22nd

Burford Capital's stock appears undervalued after a big legal win in a case against Argentina. But, the stock's value remains dependent on receiving payment. The new Argentine President is hesitant to pay. Asset seizures have been hard to implement successfully against Argentina in the past, as NML's experience shows. Nonetheless, it appears that Burford will ultimately get paid at least some of what it is owed, and that may be sufficient to help the stock to rally materially.

Will Argentina Pay Burford, And When?

NEW YORK, March 18, 2024 /PRNewswire/ -- Burford Capital Limited (the "Company"), the leading global finance and asset management firm focused on law, today announces a share repurchase program for the Company's ordinary shares, no par value per share ("Ordinary Shares"), with authorization to repurchase up to a maximum aggregate amount of £5.0 million (the "Program") in connection with future obligations under the Company's deferred compensation plan (the "Deferred Compensation Plan"). It has been the Company's practice to purchase Ordinary Shares in the open market from time to time in connection with the Company's obligations under its employees' share schemes.

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