Burford Capital has produced very strong results with EPS beating consensus estimates by some 35%, driven by continued excellent results from the core litigation finance activity where average ROIC for completed matters rose to 70% from 60% at December 2014. Commitments continue to grow strongly and we have amended our estimates, in particular upgrading 2017 EPS by 21%. The company intends issuing further retail bonds to ensure prudent liquidity for this expansion without diluting shareholders. ....
23 Mar 2016
Very strong results and Argentinian promise
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Very strong results and Argentinian promise
Burford Capital Limited (BUR:LON) | 1,194 107.5 0.8% | Mkt Cap: 2,617m
- Published:
23 Mar 2016 -
Author:
Trevor Griffiths -
Pages:
8
Burford Capital has produced very strong results with EPS beating consensus estimates by some 35%, driven by continued excellent results from the core litigation finance activity where average ROIC for completed matters rose to 70% from 60% at December 2014. Commitments continue to grow strongly and we have amended our estimates, in particular upgrading 2017 EPS by 21%. The company intends issuing further retail bonds to ensure prudent liquidity for this expansion without diluting shareholders. ....