Business
Burford Capital (BUR): No need to appeal these ...
Burford Capital (BUR): No need to appeal these ....
About this update from Burford Capital Limited
[{"type":"text","content":"\n \nHardman & Co ResearchHardman & Co Research: Burford Capital (BUR): No need to appeal these results26-Jul-2018 / 09:45 GMT/BST\nHardman & Co: No need to appeal these results\n\nThe 2018 interims yet again gave record figures, with the headline figures showing income and profits after tax both up 17%. The stand-out figure, however, was cash generation, which was boosted by the sale of the Teinver claim and came in at $299m. The main driver behind this growth remains the litigation finance business, which accounted for almost 95% of revenue. Revenue in this business rose by 21% and profit after tax by 23% to $185.4m. New business remained strong, with additions to investments up 19% on 1H'17, and total commitments increasing by 10%. Strong realisations offset some of this, and invested capital grew by 7% over the period.\n\nPlease click here for the full report:\n\nhttp://hardmanandco.com/docs/default-source/company-docs/burford-capital-documents/26.07.18-no-need-to-appeal-these-results.pdf \n\nTo contact us:Hardman & Co35 New Broad StreetLondonEC2M 1NHwww.hardmanandco.comFollow us on Twitter @HardmanandCo\n Contacts:Brian Moretta+44 20 7194 7622\n [email protected] \n \n \n\nHardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement.\n\nAbout Hardman & Co: For the past 21 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the world with high-quality research, investor engagement programmes and advisory services.\n\nHardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259.\n\nOur research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies. It is not intended to be made available to unsophist...