Author Topic: BUR.L - Burford Capital  (Read 34506 times)

Gregmal

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Re: BUR.L - Burford Capital
« Reply #370 on: Today at 07:07:42 AM »
Apologies if this has already been posted, but Jonathan Molot has purchased 8.6M of stock at an average price of 9.18 per share in the last two weeks.

While I agree he sold a lot more (81M) in 2018, this is hardly an insignificant amount of money.

Source: https://finance.yahoo.com/quote/BUR.L/insider-transactions/

Mondegreen

Meh.  $8mm on $81mm of net worth is very different (less significant) than $80k on $800k of net worth.   Insignificant IMO if the goal is to show resounding confidence in the both the business, accounting, and current valuation.   

Said another way, this guy can lose $8mm tomorrow and it doesn't impact his life in quite literally any way.

Losing 10% of your net worth wouldn't impact your life in any way? I'm not sure how many guys you know with 8-9 figure net worths, but they don't spend $ like they have an endless stream. These are people who care about having a balanced personal portfolio, and frankly putting 10% of your net worth into a single public company is a lot.

That and it fails to understand what it is like for someone who has built a business from the ground up, and taken a portion of the reward for being successful with that, off the table. Why wouldn't anyone at some point take the opportunity to diversify their assets if indeed they are heavily concentrated in a single venture? So no duh the guy isn't going to take a same amount he already took off the table, and reinvest ALL of it, when 1) he still holds a substantial position in the shares, and 2) even at todays prices, it is still up substantially from not terribly long ago...This is a case where investors just fail to understand or take into consideration what it is like as a business owner/entreprenuer in real life.


Foreign Tuffett

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Re: BUR.L - Burford Capital
« Reply #371 on: Today at 07:10:12 AM »
Apologies if this has already been posted, but Jonathan Molot has purchased 8.6M of stock at an average price of 9.18 per share in the last two weeks.

While I agree he sold a lot more (81M) in 2018, this is hardly an insignificant amount of money.

Source: https://finance.yahoo.com/quote/BUR.L/insider-transactions/

Mondegreen

Meh.  $8mm on $81mm of net worth is very different (less significant) than $80k on $800k of net worth.   Insignificant IMO if the goal is to show resounding confidence in the both the business, accounting, and current valuation.   

Said another way, this guy can lose $8mm tomorrow and it doesn't impact his life in quite literally any way.

Losing 10% of your net worth wouldn't impact your life in any way? I'm not sure how many guys you know with 8-9 figure net worths, but they don't spend $ like they have an endless stream. These are people who care about having a balanced personal portfolio, and frankly putting 10% of your net worth into a single public company is a lot.

Exactly. I'm not sure when the standard for meaningful insider buying became "If he didn't sell a kidney and refinance his house to buy more shares it's meaningless!"

Gregmal makes a good point too.