janebolacha
14 Aug 2017
Mastercard Mastercard decision to be appealed - but without support from Burford:[link]
missmolly
09 Aug 2017
Re: Sold an Oily, bought more of these..... UKOG
ookyfly
09 Aug 2017
Re: Sold an Oily, bought more of these... Which oily?
missmolly
09 Aug 2017
Sold an Oily, bought more of these... Good GollyMiss Molly
Callun
09 Aug 2017
Re: The Ceiling Probably the former. Ceiling reached at 1250 for now.SP has got ahead of itself in a short time. It's done this several times during its upward progress and tends to fall back somewhere around the 20 day MA. no means a given, but would not be surprised to see sub 1080. Continued upward trend would suggest 1250 will be breached on a future upward move, just IMHO of course.Callun
ookyfly
09 Aug 2017
Re: The Ceiling Normal correction - or bad news on the way re a case? I hope the former, fear the latter, though the sp has risen a lot recently.
AndyRB
08 Aug 2017
Re: The Ceiling I must have put a hex on it , still after rising so far and so fast there is bound to be profit taking on the way. What with this, IQE and TSTL all hitting new highs it's been an interesting couple of weeks .
missmolly
08 Aug 2017
price crash - poss answer 350,000 shares trade at 11.13am, maybe sell - profit take I would think, a few million - can't check figure now info out of time, I'm not bothered at all, off to tennis...
missmolly
08 Aug 2017
Re: Price crash Yes just noticed it...Without deliberately being glib or ramping etc. and with limited trading experience, I would think that it is just profit taking after a strong rally ...This share does dramatic moves as the norm...see the year's chartIt's a cheaper buy - wish I had more cash to put in..Ahhh, going back up again now 12.13pmHold on to your hat!molly
Global Nomad
08 Aug 2017
Re: The Ceiling sp just crashed 7%.......through the ceiling.....from the attic....hope this is a temporary aberation...
missmolly
08 Aug 2017
Re: The Ceiling Me too, not quite 40 years...I use an overdraft rather than sell, hope to move home in a few months on proceeds of a sale of some of these - I hasten to add, plus the equity of present home... IQE is charging North like this oneI have never ever had better shares than these 2...And both doing interestingly extraordinary things..all bestMolly
AndyRB
07 Aug 2017
Re: The Ceiling This is my best investment in 40 years, sold some on the way , the balance in the portfolio for nothing , so I shall hold these until the wheels fall off the wagon . As for a price target I used to think £10 now I think it could be a multiple of that who knows. The size of the holding is a bit scary though but every time I sell a few the price goes up!
intgret
07 Aug 2017
The Ceiling Any views folks on how high we go
janebolacha
02 Aug 2017
Burford eyes up more firms after agreeing 'eight-figure' funding deal "US litigation funding giant Burford Capital expects to cut more deals with law firms after pledging an eight-figure sum to fund several cases brought by UK top-100 firm Shepherd & Wedderburn.The deal provides a pot of cash with which Shepherd & Wedderburn can fund a portfolio of cases. According to both parties, the arrangement is the first of its kind to be offered to a major UK law firm. However, Burford would not reveal the exact figure it would be making available. Similar portfolio deals have proved increasingly attractive to US law firms, and Burford said it hoped to agree more deals with firms.Burford also refused to reveal what portion of the proceeds from cases it expects to collect. In a collective claim against Mastercard, thrown out last week, Burford - which funded the case - reportedly stood to receive at least £135m - or 30% of the proceeds of the case up to £1bn plus 20% of the proceeds over £1bn.Guy Harvey, head of commercial and international disputes at Shepherd & Wedderburn, said the funding agreement enhanced the firm’s capacity to take on new matters on an alternative fee arrangement basis without adding risk.Craig Arnott, managing director of Burford in London said: ‘Portfolio finance is an essential tool to help UK law firms be nimble and innovative to attract clients, and Burford is unmatched in our ability and our experience in portfolio finance for firms around the world.’The agreement may prove problematic in Scotland, where the firm has three offices, as damages-based agreement funding is not currently allowed in the jurisdiction. However, a bill currently making its way through the Scottish parliament (the Civil Litigation (Expenses and Group Proceedings) (Scotland) Bill), is designed to bring Scotland more in line with England and Wales. "[link]
janebolacha
31 Jul 2017
Portfolio finance deal from Burford. "Leading UK law firm Shepherd and Wedderburn today announced that it has secured an innovative portfolio-based litigation finance arrangement from Burford Capital, a leading global finance firm focused on law. The arrangement is the first of its kind to be offered by a top 100 UK law firm and major funder.The substantial, multi-million pound portfolio financing arrangement provides flexible capital that Shepherd and Wedderburn may use to expand its ability to offer alternative fee arrangements to clients and grow the firm's reach in commercial litigation and arbitration. Similar portfolio arrangements have proved increasingly attractive to US law firms, including those practising in the UK. They enable law firms to manage cash flow better, reduce risk exposure and provide a competitive advantage in attracting new business. Shepherd and Wedderburn now lead the way for UK law firms in embracing the advantages of portfolio finance.Guy Harvey, Head of Commercial and International Disputes at Shepherd and Wedderburn, said: 'This portfolio arrangement enhances our capacity to take on new matters on an alternative fee arrangement basis without adding risk to the firm. For clients, that makes us a more flexible and more competitive partner. We are pleased to be partnering with Burford, the clear leader in providing portfolio finance arrangements to law firms.'Stephen Gibb, Chief Executive Officer at Shepherd and Wedderburn, said: 'Shepherd and Wedderburn are delighted to embrace innovation that benefits our clients and therefore our firm.'The portfolio combines current and going-forward commercial litigation matters. Capital is provided on a non-recourse basis. Burford will receive a portion of the proceeds from any litigation matters in the portfolio that succeed on a cross-collateralised basis. Because risk is diversified, Burford can offer more attractive pricing than on a single-case basis.Craig Arnott, Managing Director of Burford in London said: 'The UK legal market is changing and becoming increasingly competitive. Portfolio finance is an essential tool to help UK law firms be nimble and innovative to attract clients, and Burford is unmatched in our ability and our experience in portfolio finance for firms around the world. We are delighted that Shepherd and Wedderburn has taken a leadership position in the UK legal market in using portfolio finance to grow its business.'[link]
