The following is a summary of the Burford Capital Limited (BUR) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Burford Capital Limited reported revenues of $31 million in Q1 2024, alongside a net loss of $0.14 per share.

• The company had unprecedented Q1 cash receipts and solid gains, with gross realized gains amounting to $45 million.

• Total assets were around $3.4 billion, including $1.6 billion in deployed costs and high-value YPF assets at $1.4 billion.

• Despite acknowledging some minor losses, Burford maintains a robust liquidity stance with over $500 million in cash and securities. The company also managed to issue $275 million additional high-yield debts, capitalizing on a thriving market.

Business Progress:

• While Q1 2024 reportedly saw limited significant business activity, Burford's portfolio continues to perform optimally generating consistent returns.

• An uplift in case activities led to a significant cash influx from five distinct assets, producing over $10 million each.

• The company anticipates leveraging market opportunities in subsequent quarters based on the strength of its portfolio.

• Prominent legal cases like YPF, Peterson, and Eton Park remain vital assets for Burford, with respective tentative proceeds standing at 35% and 73%.

• The company continues to manage liquidity levels and cash needs efficiently, indicating a healthy debt capacity.

More details: Burford Capital IR

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