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HARDMAN & CO RESEARCH Hardman & Co Research: Burford Capital (BUR): Petersen appeals to investors

Directive transparence : information réglementée

09/07/2019 12:16

Hardman & Co Research
Hardman & Co Research: Burford Capital (BUR): Petersen appeals to investors

09-Jul-2019 / 11:16 GMT/BST


Hardman & Co Research: Petersen appeals to investors

Burford has made a double announcement about the Petersen case. Argentina had appealed to the US Supreme Court over the decision about where the case will be heard. The Court has declined to hear the appeal, so proceedings will take place in the US. Burford has also sold another 10% of its entitlement in the case for $100m; implying a market price of $1bn, ca.25% above the value implied by the smaller July 2018 transaction. Additional disclosure is that the sale took place to 11 institutional investors, with 40 having participated in the market now. This adds credibility to the valuation generated by the transactions to date.

Please click here for the full report:

https://www.hardmanandco.com/research/corporate-research/petersen-appeals-to-investors/

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End of Announcement - EQS News Service

838493  09-Jul-2019 

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