BURFORD

See that Muddy Waters has had another go at BUR today, timed to coincide with BUR's AGM also today.

Comments

  • edited May 13
    No, you just posted about it today, because you couldn't resist the temptation anymore of returning back with a vengeance : )

    Looks like they came out couple of days ago

    https://www.muddywatersresearch.com/research

  • Oooh! I've got a stalker! I've had to wait over 70 years for one of them to come along.
    Arjun, adding to his limited talents - posting guru videos, links to wiki and now stalking. Arjun, do have a strong word with your alter ego, please, for you know that this sort of behaviour would not be tolerated by personna #1. It is totally at odds with your usual equanimity. You naughty boy, you! And be careful what you post, it is amazing what can be found out on line - when the police come knocking, how will you explain your behaviour to them and to mummy? x
  • edited May 14
    I've got a stalker > Ego Barrier

    guru videos, wiki > How to overcome Ego Barrier & Blindspot Barrier

    Ego Barrier > And because our need to be right can be more important than our need to find out what's true, we like to believe our own opinions without properly stress-testing them. We especially don't like to look at our mistakes and weaknesses. We are instinctively prone to react to explorations of them as though they're attacks. We get angry, even though it would be more logical for us to be open to feedback from others. This leads to our making inferior decisions, learning less, and falling short of our potentials - https://www.principles.com/principles-for-success

    Blindspot Barrier > The second is the blind spot barrier. Everyone has blind spots. The blind spot barrier is when a person believes he or she can see everything. But it's a simple fact that no one alone can see a complete picture of reality. Naturally, people can't appreciate what they can't see, just as we all have different ranges for singing, hearing pitch and seeing colours, we have different ranges for seeing and understanding things - https://www.principles.com/principles-for-success
  • edited May 14
    limited talents, police, mummy > emotional pressure > decreases adaptive performance

  • alter ego > So, what's the problem with being radically truthful and radically transparent with each other? People say it's emotionally difficult. Critics say it's a formula for a brutal work environment. Neuroscientists tell me it has to do with how are brains are prewired. There's a part of our brain that would like to know our mistakes and like to look at our weaknesses so we could do better. I'm told that that's the prefrontal cortex. And then there's a part of our brain which views all of this as attacks. I'm told that that's the amygdala. In other words, there are two you's inside you: there's an emotional you and there's an intellectual you, and often they're at odds, and often they work against you. It's been our experience that we can win this battle. We win it as a group. It takes about 18 months typically to find that most people prefer operating this way, with this radical transparency than to be operating in a more opaque environment.

    Welcome Back, dandigirl ; )

  • Hello Arjun - You truly are a fruitcake in dire need of yet more help. Please see your shrink quickly with a view to upping your meds. It may sink in eventually that your videos and links are of no interest to me and probably most of the posters here in the U.K. Have a nice day! Stay safe and virus free. You have too many issues already without adding to them. d
  • edited May 14
    fruitcake, shrink, meds, You have too many issues > emotional pressure > decreases adaptive performance

    videos and links are of no interest to me > Ego Barrier

    probably most of the posters here in the U.K. > Blindspot Barrier
  • I shall take the words of the late Frankie Howerd to heart and resist further because it's wicked to ....
  • edited May 14
    https://en.wikiquote.org/wiki/Frankie_Howerd

    It's Wicked To Mock The Afflicted > emotional pressure > decreases adaptive performance

    Hey at least you learnt something from last time, not going off in a huff -

    https://www.fixedincomeinvestor.co.uk/x/forum.html#/discussion/comment/4998

    Then trying to wiggle back in without anybody noticing, haha, that was sweet -

    https://www.fixedincomeinvestor.co.uk/x/forum.html#/discussion/comment/5031
  • arjungaur - grow up! This childish behaviour is tedious in the extreme.
  • edited May 14
    It's Wicked To Mock The Afflicted > This is grown up?

    And this is maybe childish behaviour > fruitcake, shrink, meds, You have too many issues

    How about this being tedious > limited talents, police, mummy

    asinine, vacuous, irrelevant postings > tis bit extreme
  • For anybody still holding the fixed interest, there is a piece in today's ft "Judge rejects Burford's claim of stock price manipulation". [I sold out not long after MW started to make their claims].
  • edited May 16
    1 Apr 2020 - LSE rejects Burford's claims of stock manipulation

    Hopefully folks at Burford learnt that such emotional and financial pressure tactics reduces adaptive performance, they should focus on breaking their inertia instead

    https://www.ft.com/content/753681b2-9d88-4ce7-a8bd-d8d63da21add
    https://www.ft.com/content/bb135f95-2b2d-4523-b566-58f2dabb3e45

  • dandigirl, thanks for post. Ref the legal challenge it really hasn't dented the ords share price on the result as much as prior pending the decision. The bonds are fairly untouched though the 2024's are generally softer. I have more than enough of the bonds in my ISA's and SIPPS but was thinking of topping up my Grandsons ISA with some 2024's to probably hold until maturity. Does anyone feel strongly this would be particularly good or bad at this time ?
  • edited May 18
    legal challenge was an expected ego reaction by BUR, and Muddy Water was obviously careful having done this for more than 10 years now, thus no news

    BUR2 has had 50% run-up since Mar lows, so you would expect softness due to profit taking along the way, similar to mid-Apr sideway moves

    your Grandson might even see the next century, so gifting 2024 security is bit too short-dated, US 30Y yields at less than 1.5% pale in comparison to 5%+ earning yields/2%+ div yields in Global Stocks, that's why they keep saying higher equities allocation for younger people and more bond allocation for older folks, to match the asset and liability duration

  • Arjungaur, well done you actually answered the question in a well informed and constructive manner-you must have come off the wrong stuff and actually visited earth for once-welcome to planet reality !. Continue like this and people might actually trade pleasanteries with you.
    Anyway leaving that aside in general you are correct but presuming that Burford don't go pop in the next 4.5 years the YTM ( on cost of say 90/100p ) is around 8.35% p.a. which is not to be sniffed at and I doubt will be replicated by the general equities market in that time scale. Of course I realise the risks of Burford.
  • edited May 18
    Haha, i always answer in this fashion, the difference is that you didn't let your ego and blindspot barriers come in the way when listening to someone with a different point of view

    nor did u try to introduce emotional and financial pressure when dealing with this adaptive performance

    Instead you broke the inertia and tried injecting play, purpose and potential in this conversation, the outcomes naturally follow along thereafter : )

    For all my equities mantra, I myself have held BUR2 since day1 and would continue to hold it till its default settlement or maturity, now here is the important bit, it's only 0.35% of my wider portfolio, diversification matters when it comes to risk-reward ratio, you should look into the following ISA which is £0 commission investing, £0 fee Stocks & Shares ISA, 3000+ global stocks & ETFs, Fractional shares and No foreign exchange fees, thank god for some disruption in sleepy old town of Stocks & Shares ISA -

    https://www.trading212.com/en/isa

    As for 8.35% YTM, S&P 500 Total Returns generated 18% compounded for 11 years 2009-2020 bull market. Now there has been a 36% drawdown in just a month's time. But looking at a similar 36% drawdown in 1987, S&P 500 Total Returns again generated 18% compounded for 13 years 1988-2000 bull market. You can't think of next 4.5 years for your grandson, think of next 90 years for him. BUR2 has got all the downside of equities, limited upside and much limited liquidity, not to mention all the unnecessary emotional and financial pressure it is now creating on the company at a time where it desperately needs to break inertia.

  • Last week in the thread “IPF 6.125%” I asked if it is possible to block postings by individuals. There were no responses and I assume that was probably because nobody knew of a way to do it. Is there anybody out there who knows for a fact that it cannot be done? Thanks……..
    Roger.
  • block postings by individuals > Emotional Pressure

  • block postings by individuals > Ego Barrier

    Is there anybody out there who knows for a fact that it cannot be done > Blindspot Barrier

    Ego Barrier > And because our need to be right can be more important than our need to find out what's true, we like to believe our own opinions without properly stress-testing them. We especially don't like to look at our mistakes and weaknesses. We are instinctively prone to react to explorations of them as though they're attacks. We get angry, even though it would be more logical for us to be open to feedback from others. This leads to our making inferior decisions, learning less, and falling short of our potentials - https://www.principles.com/principles-for-success

    Blindspot Barrier > The second is the blind spot barrier. Everyone has blind spots. The blind spot barrier is when a person believes he or she can see everything. But it's a simple fact that no one alone can see a complete picture of reality. Naturally, people can't appreciate what they can't see, just as we all have different ranges for singing, hearing pitch and seeing colours, we have different ranges for seeing and understanding things - https://www.principles.com/principles-for-success
  • edited May 19
    roger: I wish > Emotional Pressure > Decreases Adaptive Performance

  • edited May 19
    roger: I wish > Ego Barrier

    roger: I wish > Blindspot Barrier

    Ego Barrier > And because our need to be right can be more important than our need to find out what's true, we like to believe our own opinions without properly stress-testing them. We especially don't like to look at our mistakes and weaknesses. We are instinctively prone to react to explorations of them as though they're attacks. We get angry, even though it would be more logical for us to be open to feedback from others. This leads to our making inferior decisions, learning less, and falling short of our potentials - https://www.principles.com/principles-for-success

    Blindspot Barrier > The second is the blind spot barrier. Everyone has blind spots. The blind spot barrier is when a person believes he or she can see everything. But it's a simple fact that no one alone can see a complete picture of reality. Naturally, people can't appreciate what they can't see, just as we all have different ranges for singing, hearing pitch and seeing colours, we have different ranges for seeing and understanding things - https://www.principles.com/principles-for-success
  • Maybe this might help break your inertia

  • sussexmade - thanks for the heads up. I bought a few yesterday and again today for my ISA at an average of 88.3p. Hoping it will make it to maturity for a YTM of almost 9.50% (so I guess that should tell me what the risks are).
  • Laughton you're welcome. Yes the price/hoped for return speaks volumes but I am quite confident that they will be around until 2024 and hopefully 2026.
    Good to have you on board and we can whinge together if it goes pear shaped.
  • you don't think they can go under in next few years? Being their debt investor, i would welcome that, but what do you think is the impact of muddy water research on them being a going concern
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