Search found 525 matches

by simoan
September 2nd, 2019, 1:12 pm
Forum: Investment Strategies
Topic: Share buybacks: a beautiful thing
Replies: 96
Views: 3332

Re: Share buybacks: a beautiful thing

vrdiver wrote:Further to my asking JoyofBrexit twice for examples of this so-called beauty, they, nor indeed any poster, has offered any such example.

Sorry, I had switched off from this thread. A great example of buybacks being a thing of beauty - Next plc.

All the best, Si
by simoan
August 27th, 2019, 4:48 pm
Forum: Share ideas
Topic: Investing in Sage, ideas, opinions?
Replies: 41
Views: 2828

Re: Investing in Sage, ideas, opinions?

I'm umming and ahhing currently. I've tried to re analyse them and based future cash flows and earnings power value, I think they are worth between 580-640. That is, if the transformation to SaaS is successful. I only seen one brokers note since their last TU, which sets a target of 625p. http://ww...
by simoan
August 26th, 2019, 9:27 pm
Forum: Share ideas
Topic: Investing in Sage, ideas, opinions?
Replies: 41
Views: 2828

Re: Investing in Sage, ideas, opinions?

Hi Si, A year on, and I'm having another look at Sage. Wondered - did you re-open the position you mentioned? I see they are down 16% from their peak in early July. It seems the main reason for the fall was that the legacy product, despite them seeing growth in the SaaS/cloud business: https://www....
by simoan
August 24th, 2019, 11:25 am
Forum: Investment Strategies
Topic: Share buybacks: a beautiful thing
Replies: 96
Views: 3332

Re: Share buybacks: a beautiful thing

Whilst I have nothing to add to this thread, I will just refer to what I consider to be the bible on share buybacks. IMHO Everyone that invests in shares of companies (especially those regularly doing buybacks) should read this PDF by Terry Smith and team... https://www.fundsmith.co.uk/docs/default-...
by simoan
August 23rd, 2019, 2:35 pm
Forum: Investment Trusts and Unit Trusts
Topic: Woodford Equity Income Fund Suspends Trading
Replies: 159
Views: 13718

Re: Woodford Equity Income Fund Suspends Trading

We have all dithered in this situation I am sure. Fortunately I have never touched Woodford but it might be helpful to see the full holdings he has as he seems very adept at buying what turns out to be rubbish. Dod In fact, I'd go as far as saying he seems to have been attracted to companies with d...
by simoan
August 20th, 2019, 1:24 pm
Forum: Share ideas
Topic: Burford Capital Limited (BUR)
Replies: 128
Views: 4819

Re: Burford Capital Limited (BUR)

I beg to disagree Si. I went over the "MW is short BUR" .pdf, cross reffed to the relevant reports, googled etc. And after about 2 hours I could not find out how Carson had discovered what he did. If you're interested I spouted off a little about it here: https://www.lemonfool.co.uk/viewt...
by simoan
August 20th, 2019, 12:53 pm
Forum: Share ideas
Topic: Burford Capital Limited (BUR)
Replies: 128
Views: 4819

Re: Burford Capital Limited (BUR)

PS Like many here, I'm out of BUR. Just reviewing existing investments and my future criteria, to try to minimise the chance of this kind of thing happening to me again. To be clear, nothing that has "happened" is because the CFO is not a trained accountant. No-one is saying that the IFRS...
by simoan
August 15th, 2019, 4:31 pm
Forum: Share ideas
Topic: Burford Capital Limited (BUR)
Replies: 128
Views: 4819

Re: Burford Capital Limited (BUR)

Very helpful RNS from Burford announcing changes to its listing, board and CFO, share price bouncing: https://www.investegate.co.uk/burford-capital-ltd/bur/statement-re-governance-changes/201908151538582369J/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announc...
by simoan
August 15th, 2019, 1:31 pm
Forum: Share ideas
Topic: Burford Capital Limited (BUR)
Replies: 128
Views: 4819

Re: Burford Capital Limited (BUR)

Other AIMs we have are AMS, BVXP, TUNE, KETL and CAML (bit of exposure to mining there). But I think given their inherent volatility, then I think the "I'm up +30% on what looks like momentum then sale half the holding" is a bloody good call. I remember me and Mel staring at our BUR a few...
by simoan
August 15th, 2019, 12:25 pm
Forum: Share ideas
Topic: Burford Capital Limited (BUR)
Replies: 128
Views: 4819

Re: Burford Capital Limited (BUR)

Arrgh!! I just sold the whole lot out. So I lost just short of a 1k on BUR. "Fortunately" made about 250 last year selling in profit. 2 lessons for me 1. learn more about the underlying business prior to the buy 2. consider AIM shares as "quick profit or quick loss" shares, and ...
by simoan
August 12th, 2019, 7:32 am
Forum: Share ideas
Topic: Burford Capital Limited (BUR)
Replies: 128
Views: 4819

Re: Burford Capital Limited (BUR)

Even now Burford is hardly the most shorted share on the UK market, although rumour has it Gotham are going to have a go this coming week. I think I saw Tom Winnifrith saying that was likely to happen. This might be Gotham’s comments (to date): https://www.scribd.com/document/421488101/2019-08-11-D...
by simoan
August 11th, 2019, 8:52 am
Forum: Computers, TVs & Phones
Topic: How do I stop my computer from listening to me
Replies: 18
Views: 1258

Re: How do I stop my computer from listening to me

A friend, who is a lot more paranoid than me, recommends the following: 1) Don't use Facebook. Seriously. That thing is surveillance central. If you have to use it keep your use to a minimum and do lots of random stuff with it so that your feed and adverts get a bit confused. Facebook's track recor...
by simoan
August 10th, 2019, 9:09 am
Forum: Share ideas
Topic: Burford Capital Limited (BUR)
Replies: 128
Views: 4819

Re: Burford Capital Limited (BUR)

Always interesting to look at short tracker in these situations: https://shorttracker.co.uk/company/GG00B4L84979/ It looks like Muddy Waters started shorting on Monday, reduced on Tuesday before the report was released on Wednesday at 9am BST, and were out by Thursday. Nice work, but if that isn't m...
by simoan
August 9th, 2019, 10:50 am
Forum: Share ideas
Topic: Burford Capital Limited (BUR)
Replies: 128
Views: 4819

Re: Burford Capital Limited (BUR)

Nope but I just spent an interesting hour with this document, trying to see any breach, and struggled to find anything that would trouble MW. You say MW will “have their trousers pulled down in court”. My question is: On what grounds? What law have they broken, exactly? https://eur-lex.europa.eu/le...
by simoan
August 9th, 2019, 10:29 am
Forum: Share ideas
Topic: Burford Capital Limited (BUR)
Replies: 128
Views: 4819

Re: Burford Capital Limited (BUR)

Nope but I just spent an interesting hour with this document, trying to see any breach, and struggled to find anything that would trouble MW. You say MW will “have their trousers pulled down in court”. My question is: On what grounds? What law have they broken, exactly? https://eur-lex.europa.eu/le...
by simoan
August 9th, 2019, 10:15 am
Forum: Share ideas
Topic: Burford Capital Limited (BUR)
Replies: 128
Views: 4819

Re: Burford Capital Limited (BUR)

Their short position was disclosed publically before the alleged trash and cash so no foul. Muddy Waters have played a blinder. Well done them. And shame on Burford. Their questionable corporate governance is really what opened the door to this raid. No-one has said any different. Have you not read...
by simoan
August 9th, 2019, 9:11 am
Forum: Share ideas
Topic: Burford Capital Limited (BUR)
Replies: 128
Views: 4819

Re: Burford Capital Limited (BUR)

I picked up though what is now regarded as very poor corporate governance. The entire Board has been in place since the company was founded more than 10 years ago and consists of mostly, elderly white males, as the report says. The chairman is 85 for heaven's sake. The Report says something to the ...
by simoan
August 8th, 2019, 4:36 pm
Forum: Share ideas
Topic: Burford Capital Limited (BUR)
Replies: 128
Views: 4819

Re: Burford Capital Limited (BUR)

Well the CEO and CIO have shown some conviction: https://www.investegate.co.uk/burford-capital-ltd/bur/notification-of-transactions-by-pdmrs/201908081602194625I/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Burford%20...
by simoan
August 8th, 2019, 4:02 pm
Forum: Share ideas
Topic: Burford Capital Limited (BUR)
Replies: 128
Views: 4819

Re: Burford Capital Limited (BUR)

Not so long ago I tried reading their Annual Report with reams and reams of explanations, but I had no idea that financing court cases could be so complicated and gave up and decided that I did not want to buy the shares so left it. A bit like Buffett, if I cannot understand what a business is doin...
by simoan
August 8th, 2019, 3:50 pm
Forum: Share ideas
Topic: Burford Capital Limited (BUR)
Replies: 128
Views: 4819

Re: Burford Capital Limited (BUR)

Here's the rebuttal. Not read it all yet: Those who have read it seem to believe in it. If they take their own case against Muddy Waters for market manipulation, how would they report that? I thought it was a strong rebuttal. However, the share price reaction would tell me many people are still unc...

Go to advanced search