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CDR hails Burford’s strong half-year growth as the “new normal”

On the heels of Burford releasing its 2018 interim results, CDR is hailing the company’s growth as the “new normal”. The publication points to growth in Burford’s asset recovery business, its growing presence in Australia and its expanding base of repeat clients as indicators that the company’s strong performance isn’t letting up any time soon. In particular, CDR notes that: “75% of single case clients have returned back with additional opportunities, 40% of which have given rise to portfolio investments.” This is of particular significance to Burford CEO Christopher Bogart, who comments further that: “Single case growth for me is great because it keeps bringing in new clients to the family.” In the article, Mr. Bogart is quoted heavily. He concludes that:

“This past half-year affirms the trends we’ve increasingly set for more than eight years, with Burford’s superior growth reflected in rising scale relative to longstanding competitors. The simple fact that we committed half-a-billion dollars to new investments in the first half of the year, historically our slower period, fills us with excitement for the continuing potential of the business.”

Read the full story here.