Author Topic: BUR.L - Burford Capital  (Read 64907 times)

SnarkyPuppy

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Re: BUR.L - Burford Capital
« Reply #410 on: April 21, 2020, 07:16:56 AM »
Does anyone have the math on what Petersen is currently booked for?  I had thought others had backed into $800mm - but seems high given net book is $1.4bn?



racemize

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Re: BUR.L - Burford Capital
« Reply #411 on: April 21, 2020, 07:47:39 AM »
Does anyone have the math on what Petersen is currently booked for?  I had thought others had backed into $800mm - but seems high given net book is $1.4bn?

I have it somewhere between $400-$600

SnarkyPuppy

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Re: BUR.L - Burford Capital
« Reply #412 on: April 21, 2020, 08:13:30 AM »
Does anyone have the math on what Petersen is currently booked for?  I had thought others had backed into $800mm - but seems high given net book is $1.4bn?

I have it somewhere between $400-$600

Ok I have the following but triangulating different notes (I don't believe they've released a full 12/31 B/S yet)-

160 Cash
180 Shorter Duration Investments
1000 Litigation and other investments at cost
400 Peterson
-790 Liabilities and NCI
= 950 BV
/ 218 SO
= 4.36 USD BV per share
= 351 GBp BV per share

racemize

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Re: BUR.L - Burford Capital
« Reply #413 on: April 21, 2020, 08:37:27 AM »
Does anyone have the math on what Petersen is currently booked for?  I had thought others had backed into $800mm - but seems high given net book is $1.4bn?

I have it somewhere between $400-$600

Ok I have the following but triangulating different notes (I don't believe they've released a full 12/31 B/S yet)-

160 Cash
180 Shorter Duration Investments
1000 Litigation and other investments at cost
400 Peterson
-790 Liabilities and NCI
= 950 BV
/ 218 SO
= 4.36 USD BV per share
= 351 GBp BV per share

Or you can just go with equity - all mark-ups, from 2019 H1, which I have at ~$850.

nspo

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Re: BUR.L - Burford Capital
« Reply #414 on: April 21, 2020, 09:17:03 AM »
Does anyone have the math on what Petersen is currently booked for?  I had thought others had backed into $800mm - but seems high given net book is $1.4bn?

I have it somewhere between $400-$600

Ok I have the following but triangulating different notes (I don't believe they've released a full 12/31 B/S yet)-

160 Cash
180 Shorter Duration Investments
1000 Litigation and other investments at cost
400 Peterson
-790 Liabilities and NCI
= 950 BV
/ 218 SO
= 4.36 USD BV per share
= 351 GBp BV per share

Okay so trading at about book, likely growth in BV moving forward and uncorrelated asset class. Where do you think a fair multiple of P/B should be? Thanks


Jurgis

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Re: BUR.L - Burford Capital
« Reply #416 on: April 28, 2020, 01:49:47 PM »
"Human civilization? It might be a good idea." - Not Gandhi
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