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.

Burford Capital Limited (NYSE:BUR) Q4 2023 Earnings Conference Call March 14, 2024 8:00 AM ET

Burford Capital Limited (BUR) Q4 2023 Earnings Call Transcript

NEW YORK , March 14, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces its fourth quarter and full year 2023 results. In addition, Burford has made available an accompanying fourth quarter and full year 2023 results presentation, a shareholder letter and capital provision-direct and capital provision-indirect asset data tables on its website at http://investors.burfordcapital.com.

Burford Capital Reports Record 2023 Results

NEW YORK , March 7, 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 year ended December 31, 2023 ("FY23") and the three months ended December 31, 2023 ("4Q23") on Thursday, March 14, 2024, at 7.00am EDT / 11.00am GMT. Burford will hold a conference call for investors and analysts at 8.00am EDT / 12.00pm GMT on Thursday, March 14, 2024.

Burford Capital Announces Date for Release of 2023 Financial Results and Results Call Registration and Participation Details

NEW YORK , Feb. 20, 2024 /PRNewswire/ -- Burford Capital, the leading global finance and asset management firm focused on law, today releases new independent research demonstrating that an increasing number of businesses are recognizing litigation portfolios as value sources and are becoming more open to tools that help them reframe the legal department from overhead to capital source. In the nearly 15 years since Burford's inception and in the wake of the last great recession, how businesses view their litigation and arbitration portfolios has drastically changed.

New Research Shows Businesses Increasingly Open to Reframing Legal Department from Overhead to Capital Source

NEW YORK , Jan. 30, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford" or "Burford Capital"), the leading global finance and asset management firm focused on law, today announces the closing on January 30, 2024 of the private offering of $275.0 million aggregate principal amount of additional 9.250% senior notes due 2031 (the "Additional Notes") by its indirect, wholly owned subsidiary, Burford Capital Global Finance LLC (the "Issuer"). The Additional Notes are guaranteed on a senior unsecured basis by Burford Capital as well as Burford Capital Finance LLC and Burford Capital PLC, both indirect, wholly owned subsidiaries of Burford Capital (such guarantees, together with the Additional Notes, the "Securities").

Burford Capital Announces Closing of Private Offering of Senior Notes

NEW YORK , Jan. 18, 2024 /PRNewswire/ -- Burford Capital Limited, the leading global finance and asset management firm focused on law, is pleased to announce the appointment of Pamela Beth Corrie as an independent non-executive director. Ms. Corrie (66) has significant experience at the nexus of finance and law.

BURFORD CAPITAL APPOINTS PAMELA CORRIE AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR

NEW YORK , Jan. 16, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford" or "Burford Capital"), the leading global finance and asset management firm focused on law, today announces the pricing of its private offering of $275.0 million aggregate principal amount of additional 9.250% senior notes due 2031 (the "Additional Notes") by its indirect, wholly owned subsidiary, Burford Capital Global Finance LLC (the "Issuer"), which represents an increase from the previously announced offering size. The Additional Notes will be guaranteed on a senior unsecured basis by Burford Capital as well as Burford Capital Finance LLC and Burford Capital PLC, both indirect, wholly owned subsidiaries of Burford Capital (such guarantees, together with the Additional Notes, the "Securities").

BURFORD CAPITAL ANNOUNCES PRICING AND UPSIZING OF PRIVATE OFFERING OF SENIOR NOTES

NEW YORK , Jan. 16, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford" or "Burford Capital"), the leading global finance and asset management firm focused on law, today announces the planned private offering of $200.0 million aggregate principal amount of additional 9.250% senior notes due 2031 (the "Additional Notes") by its indirect, wholly owned subsidiary, Burford Capital Global Finance LLC (the "Issuer"), subject to market and other conditions. The Additional Notes will be guaranteed on a senior unsecured basis by Burford Capital as well as Burford Capital Finance LLC and Burford Capital PLC, both indirect, wholly owned subsidiaries of Burford Capital (such guarantees, together with the Additional Notes, the "Securities").

BURFORD CAPITAL ANNOUNCES PRIVATE OFFERING OF SENIOR NOTES

"2024 Trends Issue" features articles on business of law innovation amidst persistent economic uncertainty and high interest rates, how judgment preservation insurance and legal finance work together, why name brand companies are finding value in their patent portfolios, Latin American energy and mining disputes, and a case study on Cessna's use of legal finance to tap into an illiquid asset NEW YORK , Jan. 11, 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 1 2024 include: Key trends shaping the business of law in 2024 Burford's Co-COOs predict the most significant innovations and trends at the nexus of law and finance in 2024.

Latest Burford Quarterly journal of legal finance addresses top dispute trends to anticipate in 2024

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Chris DeMuth Sure Likes Uranium And SHF Holdings + 3 Litigation Ideas

Burford is the global leader in litigation financing with over $7 billion in available funds, offering a strong business model and track record. The recent favorable ruling on the YPF case, awarding $16 billion in damages, adds a significant opportunity for Burford. The new president of Argentina, Javier Milei, may help increase the likelihood of a faster payment for the damages.

Burford Capital: A Cheap Moat With A Cherry On Top

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The consensus price target hints at a 48.1% upside potential for Burford Capital Limited (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 Think Burford Capital Limited (BUR) Could Surge 48.09%: Read This Before Placing a Bet

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NEW YORK , Nov. 16, 2023 /PRNewswire/ -- Burford Capital Limited, the leading global finance and asset management firm focused on law, today announces the pound sterling conversion rate for its previously declared interim dividend for the year ending December 31, 2023 of 6.25 US cents per ordinary share to be paid on December 7, 2023 to shareholders of record as of November 10, 2023. For shareholders electing to receive their dividend in pound sterling, the interim dividend is 5.018089 pence per ordinary share, based on the exchange rate of £1 = US$1.245494 set on November 15, 2023.

POUND STERLING CONVERSION RATE FOR 2023 INTERIM DIVIDEND

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The consensus price target hints at a 47.7% upside potential for Burford Capital Limited (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 Believe Burford Capital Limited (BUR) Could Rally 47.66%: Here's is How to Trade

NEW YORK , Nov. 9, 2023 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces its unaudited financial results at and for the three and nine months ended September 30, 2023.1 Burford's report on Form 6-K at and for the three and nine months ended September 30, 2023, including unaudited condensed consolidated financial statements (the "3Q23 Quarterly Report"), is available on the Burford Capital website at http://investors.burfordcapital.com. Christopher Bogart, Chief Executive Officer of Burford Capital, commented: "Consolidated total revenues increased fivefold to $794 million in the first nine months of 2023 compared to the prior-year period, driven by significant growth in capital provision income with and without our YPF-related assets.

BURFORD CAPITAL REPORTS NINE-MONTH AND THIRD QUARTER 2023 FINANCIAL RESULTS; NINE-MONTH CONSOLIDATED TOTAL REVENUES INCREASED FIVEFOLD TO $794 MILLION

NEW YORK , Nov. 2, 2023 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces that it will release its results for the three and nine months ended September 30, 2023 ("3Q23") on Thursday, November 9, 2023, at 7.00am EST / 12.00pm GMT. Burford will hold a conference call for investors and analysts at 10.00am EST / 3.00pm GMT on Thursday, November 9, 2023.

BURFORD CAPITAL ANNOUNCES DATE FOR RELEASE OF 3Q23 FINANCIAL RESULTS AND RESULTS CALL REGISTRATION AND PARTICIPATION DETAILS

The "Data Issue" of the Burford Quarterly features an update on legal finance accounting, artificial intelligence (AI) and the law, data analytics in disputes and enforcement and key takeaways from recent surveys of GCs NEW YORK , Oct. 11, 2023 /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 impacting the business of law. The latest issue of the  Burford Quarterly 4 2023 includes: Data analytics and litigation: How Artificial Intelligence (AI) will (and won't) change the economics of law Key takeaways from a recent discussion with leading players in integrated data analytics and AI, moderated by Co-COO David Perla.

Latest Burford Quarterly journal of legal finance addresses top data trends in commercial litigation and arbitration, judgment enforcement and asset recovery

NEW YORK , Oct. 9, 2023 /PRNewswire/ -- Burford Capital Limited, the leading global finance and asset management firm focused on law, today announces that, in connection with the Burford Capital 2016 Long Term Incentive Plan (the "LTIP"), it has on October 6, 2023 issued 263,511 new ordinary shares, no par value per share ("Ordinary Shares"), to satisfy the vesting of restricted stock units pursuant to the realization of awards under the LTIP on October 5, 2023. This issuance of Ordinary Shares was largely offset by the share repurchases announced on September 19, 2023 and completed on September 26, 2023.

ISSUANCE OF NEW ORDINARY SHARES IN CONNECTION WITH LTIP

NEW YORK , Oct. 9, 2023 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces the expansion and further extension of its funding arrangement ("BOF-C") with its sovereign wealth fund strategic partner (the "SWF"). At June 30, 2023, BOF-C had committed $872 million to capital provision-direct assets, of which $435 million was undrawn.

BURFORD CAPITAL EXPANDS AND FURTHER EXTENDS SOVEREIGN WEALTH FUND ARRANGEMENT

Burford's recent quarterly reporting shows impressive YoY growth, but this is not meaningful due to the very easy 2022 comp. We review whether recent tangible book value growth of the core portfolio is living up to management's 20% ROE targets. We adjust for the effects of YPF and certain accruals and find that adjusted tangible book value growth in H1 was close to management's target.

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