Good morning all,

Some quick thoughts on a few announcements this morning.

Burford Capital (LON:BUR) is "the world's largest provider of investment capital and risk solutions for litigation". Interim results are out today:

The company is famous for being one of Neil Woodford's few AIM investments.

An 89% increase in Burford's profit before tax for the period to $18.2 million (June 2013: $9.7 million)*

Burford's income for the six months was $27.4 million, a 40% increase on the prior year (June 2013: $19.5 million)....

Continued strong investment returns: Since inception, 26 investments have generated $174 million in gross investment recoveries and $67 million net of invested capital, producing a 63% net return on invested capital. This represents a 67% increase, $27 million, over the net position at 30 June 2013**

Material increase in cash generation: Burford generated $42 million of cash from the investment portfolio in the period, an increase of 93% over the comparable 2013 period

Ongoing demand for Burford's capital reflected in $62 million of new capital committed in the period, a five-fold increase over the comparable 2013 period...

Introduction of a semi-annual dividend, with an interim dividend of 1.74¢ to be paid in December 2014***

so all very encouraging.

Burford Capital (LON:BUR) feels like the sort of business that won't be correlated with most other AIM shares, so perhaps a good diversifier for a portfolio? Stockopedia data shows expectations of a total of 8.7 cents of dividend for the year, coming in at a yield of around 4.3%.

Juridica Investments Closed Fund (LON:JIL) is a similar business that you might like to take a look at.

Restaurant chain Tasty (LON:TAST) have also reported impressive numbers. The company is currently going through an ambitious roll-out.

Revenue up 26% to £13,794,000 (H1 2013 - £10,979,000)
Operating profit, before pre-opening costs, up 16% to £1,210,000 (H1 2013 - £1,045,000)
Pre-tax profit up 24% to £973,000 (H1 2013 - £787,000)
Four new sites opened in the period and three sites opened since…

Unlock the rest of this Article in 15 seconds

or Unlock with your email

Already have an account?
Login here