On 3rd January Burford announced that on 30th December it had sold an interest in the Petersen claim to a third party investor at a price that implied a valuation of more than ten times Burford’s investment. The claim has been progressing well and, having passed a significant milestone in 2016, would have been expected to rise in value regardless of any transaction. This is the second secondary market transaction that Burford has completed, each demonstrating a gain over the existing va
27 Jan 2017
Positive judgement from the secondary market
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Positive judgement from the secondary market
Burford Capital Limited (BUR:LON) | 1,206 -108.5 (-0.7%) | Mkt Cap: 2,643m
- Published:
27 Jan 2017 -
Author:
Brian Moretta -
Pages:
8
On 3rd January Burford announced that on 30th December it had sold an interest in the Petersen claim to a third party investor at a price that implied a valuation of more than ten times Burford’s investment. The claim has been progressing well and, having passed a significant milestone in 2016, would have been expected to rise in value regardless of any transaction. This is the second secondary market transaction that Burford has completed, each demonstrating a gain over the existing va