Broker Numis Securities has likened Muddy Waters' claim that litigation financier Burford Capital is "arguably insolvent" to "comments like the Earth is arguably flat" and reiterated its 'buy' recommendation on the stock.
A note from US hedge fund Muddy Waters on 6 August announcing that it had begun shorting Burford also claimed the firm was insolvent and had misled investors in its financial reports. The claims led...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow