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Reader Post of the week: Burford and that other Napo case - this reads badly for the AIM company

By Tom Winnifrith, The Sheriff of AIM | Thursday 15 August 2019


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


A cornerstone of the Muddy Waters attack on Burford (BUR) is that it booked 2013 profits on a case its client Napo lost and, as we showed here lost before the accounts were finalised. Burford’s defence is that this refers to a different Napo case but it failed to say which one. Well, reader Drunken Sailor has – I think found it. Sadly this second case fails to substantiate the Burford rebuttal at all, it makes it look even weaker. Over to Drunken who posts…

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