Burford Capital Limited
BUR
ISIN GG00BMGYLN96 / Valor 57619520
Burford Capital Limited
UMushroom community rating:
About company
Burford Capital Limited is an institutional quality finance firm specializing in litigation finance. With a $7 billion portfolio and listed on both the New York Stock Exchange (NYSE) and the London Stock Exchange (LSE), the company has the capacity and expertise to cater to a wide range of litigation finance requirements.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (20.08.2024):
Total Revenues
Burford Capital Limited reported total revenues of $159.7 million for the second quarter of 2024, a significant increase of 258% compared to $44.6 million in the same period of 2023. This surge was primarily driven by higher capital provision income.
Net Income
For the second quarter of 2024, Burford Capital Limited achieved a net income of $53.7 million, a notable turnaround from a net loss of $21.5 million in the second quarter of 2023. This improvement underscores the company's strong performance in the period.
Operating Expenses
Burford Capital Limited's total operating expenses for the second quarter of 2024 were $38.2 million, down 13% from $43.6 million in the same quarter of the previous year. The reduction in operating expenses contributed to the overall profitability of the company.
Capital Provision Income
In the second quarter of 2024, Burford Capital Limited reported capital provision income of $157.7 million, a substantial increase of 342% compared to $35.7 million in the second quarter of 2023. This growth was driven by multiple case wins and higher returns.
Dividends
Burford Capital Limited declared an interim dividend of 6.25 cents per ordinary share, payable on December 5, 2024, to shareholders of record on November 1, 2024. This reflects the company's commitment to returning value to its shareholders.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
M
Market cap (USD)
15,391
Daily traded volume (Shares)
10.74 / 10.18
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
