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.

61% say uncertain economic climate impacts their likeliness to consider legal finance solutions, and 57% are likely to finance enforcement and recovery services NEW YORK , Sept. 19, 2023 /PRNewswire/ -- Burford Capital, the leading global finance and asset management firm focused on law, today releases new independent research that reveals how businesses are finding solutions to extract greater value from legal claims and judgments, based on a survey of 350 GCs, heads of litigation and senior in-house lawyers in the US, Europe, Asia, Australia and the Middle East.

New research shows GCs seek greater value from legal claims and judgments

Burford Capital Limited (NYSE:BUR ) Q2 2023 Earnings Conference Call September 13, 2023 10:00 AM ET Company Participants Christopher Bogart - CEO Jordan Licht - CFO Jon Molot - CIO Conference Call Participants Julian Roberts - Jefferies Alexander Bowers - Berenberg Michael Cohen - MDC Financial Research Matthew Howlett - B. Riley Operator Hello, everyone, and welcome to today's conference call titled Burford Capital Second Quarter 2023 Results.

Burford Capital Limited (BUR) Q2 2023 Earnings Call Transcript

NEW YORK , Sept. 13, 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 six months ended June 30, 2023.1 Burford's report on Form 6-K at and for the three and six months ended June 30, 2023, including unaudited condensed consolidated financial statements (the "2Q23 Quarterly Report"), is available on the Burford Capital website at http://investors.burfordcapital.com.

BURFORD CAPITAL REPORTS FIRST HALF AND SECOND QUARTER 2023 FINANCIAL RESULTS; STRONGEST SET OF SIX-MONTH FINANCIAL RESULTS IN BURFORD'S HISTORY

Burford Capital is on a positive streak with an acceleration in cases resolving, a successful resolving of setting GAAP standards for its asset class, and home run wins against Argentina. Burford and plaintiffs win against Argentina, leading to an around $16 billion claim against the country. Burford's quarterly earnings report is eagerly anticipated, and the company may consider selling a portion of the claim and reinvesting in its business.

Burford Capital's Valuation After The Bull Case Damages Win

Court's Ruling suggests a final judgment of approximately $16 billion against Argentina NEW YORK , Sept. 8, 2023 /PRNewswire/ -- Burford Capital Limited, the leading global finance and asset management firm focused on law, today releases the following statement in connection with the September 8, 2023 Findings of Fact and Conclusions of Law (the "Ruling") issued by the United States District Court for the Southern District of New York (the "Court") in connection with the Petersen and Eton Park cases against the Republic of Argentina and YPF (the "Case" or the "YPF Litigation").

BURFORD CAPITAL STATEMENT ON YPF DAMAGES RULING

NEW YORK , Sept. 8, 2023 /PRNewswire/ -- Burford Capital Limited, the leading global finance and asset management firm focused on law, today announces that the United States District Court for the Southern District of New York has released its decision concerning damages and interest in the Petersen and Eton Park claims against the Republic of Argentina.

DECISION RENDERED IN PETERSEN AND ETON PARK CASES

NEW YORK , Aug. 31, 2023 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces registration and participation details for its results call for the three months and six months ended June 30, 2023, to be held on Wednesday, September 13, 2023, at 10.00am EDT / 3.00pm BST. The dial-in number for the conference call is +1 646 787-9445 (USA) / +44 (0)20 4587 0498 (UK) / +44 (0)20 3936 2999 (all other locations) and the access code is 329784.

2Q23 RESULTS CALL REGISTRATION AND PARTICIPATION DETAILS

Burford Capital is the largest litigation finance provider and is currently involved in a damages trial against Argentina over the appropriation of Petersen's stake in YPF. The exact damages are being determined this week, with the remaining uncertainty centered around the notice date and pre-judgment interest. A reverse valuation suggests investors should be willing to pay at least $16 per share even if Burford were to liquidate its existing franchise.

Burford's Price In The Heat Of The YPF Trial Suggests Liquidation Value

The consensus price target hints at a 55.5% 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.

Does Burford Capital Limited (BUR) Have the Potential to Rally 55.5% as Wall Street Analysts Expect?

Features on managing litigation budgets, best practices for law firms building contingency fee practices, DEI in law and recent legal finance caselaw NEW YORK , July 18, 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 3 2023 includes: Best practices for building contingency fee practices Co-Chair of Cadwalader's antitrust litigation group Philip Iovieno shares best practices for firms and lawyers expanding contingency fee practices with Burford Chief Marketing Officer Liz Bigham.

Latest Burford Quarterly journal of legal finance addresses top trends in business of law

NEW YORK , June 26, 2023 /PRNewswire/ -- Burford Capital Limited, the leading global finance and asset management firm focused on law, today provides the following update and comment on several corporate matters, including the scheduling of the release date for its interim results for the three and six months ended June 30, 2023 ("2Q23") and its 2Q23 financial results call. Corporate update The demand we see for our financing continues to outpace the rate at which we can recycle capital from concluded matters to fund that new demand.

BURFORD CAPITAL ANNOUNCES UPDATE AND RELEASE DATE FOR 2Q23 FINANCIAL RESULTS

NEW YORK , June 26, 2023 /PRNewswire/ -- Burford Capital Limited ("Burford" or "Burford Capital"), the leading global finance and asset management firm focused on law, today announces the closing on June 26, 2023 of the private offering of $400 million aggregate principal amount of 9.250% senior notes due 2031 (the "Notes") by its indirect, wholly owned subsidiary, Burford Capital Global Finance LLC. The 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 Notes, the "Securities").

BURFORD CAPITAL ANNOUNCES CLOSING OF PRIVATE OFFERING OF SENIOR NOTES

NEW YORK , June 22, 2023 /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 $400 million aggregate principal amount of 9.250% senior notes due 2031 (the "Notes") by its indirect, wholly owned subsidiary, Burford Capital Global Finance LLC. The 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 Notes, the "Securities").

BURFORD CAPITAL ANNOUNCES PRICING OF PRIVATE OFFERING OF SENIOR NOTES

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3 in 4 GCs expect litigation to increase—and most expect economic climate to impact legal activity and lead to new tools and thinking NEW YORK , June 22, 2023 /PRNewswire/ -- Burford Capital, the leading global finance and asset management firm focused on law, today releases new independent research on how in-house lawyers are adjusting their strategies in a period of sustained uncertainty. Businesses are seeking to manage risks and costs, and in turn, legal departments—and the outside law firms that work with them—have the opportunity to position themselves as part of the solution, with legal finance expected to play a role.

New research offers inside look at how businesses are managing litigation in uncertain economy

Burford Capital Limited (NYSE:BUR ) Q1 2023 Earnings Call Transcript June 13, 2023 10:00 AM ET Company Participants Christopher Bogart - CEO & Director Jordan Licht - Chief Financial Officer Jon Molot - Chief Investment Officer Conference Call Participants James Hamilton - Numis Securities Limited Julian Roberts - Jefferies Matthew Howlett - B. Riley Securities Operator Hello, and welcome to the Burford Capital's First Quarter 2023 Results Conference Call.

Burford Capital Limited (BUR) Q1 2023 Earnings Call Transcript

NEW YORK , June 13, 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 months ended March 31, 2023 ("1Q23").1 Burford's report on Form 6-K for 1Q23, including unaudited condensed consolidated financial statements (the "1Q23 Quarterly Report"), is available on the Burford Capital website at http://investors.burfordcapital.com. Christopher Bogart, Chief Executive Officer of Burford Capital, commented: "We saw continued positive momentum in the first quarter of 2023 in the progression of our portfolio as court activity and legal processes further normalized in the aftermath of the Covid-19 pandemic.

BURFORD CAPITAL REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS; PORTFOLIO-WIDE MOMENTUM DRIVES STRONG REVENUE GROWTH

Burford Capital's shares are undervalued, with a potential 68% upside to fair value, due to the recent win in the Petersen/YPF case. The company operates in the litigation finance industry, providing upfront cash for legal fees in exchange for a portion of the proceeds if the case is successful. Risks to consider include uncertainty regarding the amount attributable to Burford in the YPF case, pandemic-related court delays, and future rate of returns.

Burford Capital Still Has Considerable Room To Grow

NEW YORK , June 8, 2023 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces that it will release its interim results for the three months ended March 31, 2023 ("1Q23") on Tuesday, June 13, 2023, 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 Tuesday, June 13, 2023.

BURFORD CAPITAL ANNOUNCES DATE FOR RELEASE OF 1Q23 FINANCIAL RESULTS AND RESULTS CALL REGISTRATION AND PARTICIPATION DETAILS

NEW YORK , June 6, 2023 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces that the Notice of 2023 Annual General Meeting (the "Notice of AGM") has been sent to registered shareholders, together with the annual report and accounts for the year ended December 31, 2022. The 2023 annual general meeting will be held at 4.30pm BST on July 5, 2023 at Oak House, Hirzel Street, St. Peter Port, Guernsey GY1 2NP.

NOTICE OF 2023 ANNUAL GENERAL MEETING

NEW YORK , June 6, 2023 /PRNewswire/ -- Burford Capital Limited, the leading global finance and asset management firm focused on law, today announces that it will host a call for global retail shareholders on Wednesday, June 21, 2023 at 10.00am EDT / 3.00pm BST, during which Christopher Bogart, Chief Executive Officer, will discuss Burford's results for the year ended December 31, 2022 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/4238833/CD9E983177B3EC97B6541AFAF87C7274.

BURFORD CAPITAL TO HOST GLOBAL RETAIL SHAREHOLDER CALL ON JUNE 21, 2023

Burford Capital Limited (NYSE:BUR ) Q4 2022 Earnings Conference Call May 16, 2023 8:30 AM ET Company Participants Christopher Bogart - CEO & Director Jon Molot - Chief Investment Officer Jordan Licht - Chief Financial Officer Conference Call Participants James Hamilton - Numis Securities Limited David Chiaverini - Wedbush Securities Operator Hello. And welcome to Burford Capital's 2022 Annual Financial Results.

Burford Capital Limited (BUR) Q4 2022 Earnings Call Transcript

NEW YORK , May 16, 2023 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces its audited financial results for the year ended December 31, 2022 ("FY22").1 The Burford Capital 2022 Annual Report, including financial statements (the "2022 Annual Report"), is available on the Burford Capital website at http://investors.burfordcapital.com. Christopher Bogart, Chief Executive Officer of Burford Capital, commented: "The pace of case progress in our portfolio quickened in 2022, resulting in a meaningful improvement in our financial results.

BURFORD CAPITAL REPORTS FULL YEAR 2022 FINANCIAL RESULTS; PROFITABLE GROWTH AND UPDATE ON FAIR VALUE ACCOUNTING

World's leading legal finance firm continues to broaden its presence in Europe Burford also adds leading legal talent to its ranks internationally NEW YORK , May 11, 2023 /PRNewswire/ -- Burford Capital, the leading global finance and asset management firm focused on law, today announces that it has expanded its European footprint while also continuing to add leading legal talent to its global operation. Expanded client demand for offerings such as corporate monetization and law firm portfolio financing, combined with a greater desire and need for legal finance in Europe due to legislative changes related to collective redress, have resulted in Burford's continued growth.

Burford Capital expands European footprint

NEW YORK , May 2, 2023 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today announces the expected date for the release of its audited 2022 annual financial results and an update on the progress of its revised approach to the fair value accounting for its capital provision assets. 2022 Annual Financial Results Burford intends to announce its audited 2022 annual financial results and file its related Annual Report on Form 20-F (the "2022 Annual Report") on Tuesday, May 16, 2023 at 7.00am EDT / 12.00pm BST.

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