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Readers who follow Burford Capital (LON:BUR) Burford will know that it has done very well out of two big cases: Petersen and Teinver. I've been trying to work out just how reliant Burford has been on these two interests. Burford's aggregate income for the two calendar years 2017 and 2018 break down as: Realised investment gains: $294m Unrealised gains: $422m Other income: $ 45m The…
Games WorkshopNumber of shares in issue: 32.1mMarket cap: £229m (@713p)Year end: MayMarket size: 500Two interesting facts about Games Workshop (GW):- it does’t spend money on glossy accounts: no photos, no colour; and- dividends are not paid out to a pre-set timetable but as soon as there is excess cash - over the last five years the only months it hasn’t paid a dividend have been…
I just filled my boots with Kentz (LON:KENZ) two trading days before it announced two takeover approaches. Clever, eh. We’re all on here to learn so if you too want to get into a company on the eve of a takeover announcement - read on. In the last couple of years I’ve read a lot about decision making and have become familiar with many of…
On 3 May 2013 QPP announced the acquisition of Quindell Property Services Ltd for a consideration of 65,978,572 shares with a further 190m shares being issued if profit targets are met. Prior to this, on 1 February 2013 Quindell Property Services Ltd was incorporated at Companies House with a share capital of one £1 share. The founding shareholder ? Quindell Portfolio plc.
"On which, I am happy to see Burford are taking steps in the right direction ... ..." I think it would be much more pertinent to say that they are reluctantly doing this under pressure. And a comparison of the speed with which they appointed three firms of lawyers to look into the shorting attack and the time taken to make some of these changes…
Luthrin, that's two non-executives and just two PDMRs so far (and both those PDMRs took much, much bigger amounts out in share sales not so long ago).
On governance - we were told that staff would be buying shares following the collapse but to date there have been no PDMR purchase announcements. Does this mean that only two senior staff have been buying shares or managerial responsibility is tightly concentrated in those two individuals? All that aside they issued an RNS in April 2015 announcing staff purchases, without referencing PDMRs.
Property is often valued at cost in company accounts.
Should the PDMRs at Burford Capital (LON:BUR) have been buying in a market they knew to be suffering from spoofing and layering, but which was not publicly known?
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