Small Cap Value Report (Mon 12 August 2019) - BUR, TCG, ANG, GOAL, STAF
Morning folks,
Burford news keeps rumbling on.
At the same time, there are a lot of interesting macro stories at present. And there's also some small-cap news to look at (which is supposed to be my topic, after all!). Stories covered today:
Burford Capital (LON:BUR)Thomas Cook (LON:TCG)Angling Direct (LON:ANG)Goals Soccer Centres (LON:GOAL)Staffline (LON:STAF)
Burford Capital (LON:BUR)
Share price: 748.5p (-12%)No. of shares: 219 millionMarket cap: £1,635 millionEvidence of market manipulation in Burford sharesThere are softer stock market targets than a group of litigators, but that is exactly who Muddy Waters decided to pick a fight with. So far, Muddy Waters is winning.
In today's RNS, Burford claims that there is evidence of illegal market manipulation of its stock.
I don't know if that is true or not, but I do know a little bit about market mechanics. Burford explains to us today what "spoofing" and "layering" are, and says:Spoofing and layering are both illegal and have resulted...
