logo-loader
viewBurford Capital Limited

Concerns for small cap stocks following Woodford fiasco

MHP Communications managing director Reg Hoare tells Proactive London he's concerned the issues around liquidity which have arisen from the recent Woodford Equity Income debacle are going to have an impact on smaller companies that a lot of investors are dealing with and trading in and which are particularly popular with retail investors.

''The reason we're concerned about it is because we think other fund managers will be considering whether their funds are sufficiently liquid in a time when perhaps there's going to be a high level of redemptions which you might get in current market circumstances''.

Hoare also gives his views on the response by Burford Capital Limited (LON:BUR) to an attack by Muddy Waters.

Shares in the litigation funder plunged by more than a third after the notorious US short-seller accused it of “Enron-esque mark-to-model accounting” and “egregiously misrepresenting” its returns.

Quick facts: Burford Capital Limited

Price: 590 GBX

LSE:BUR
Market: LSE
Market Cap: £1.29 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Nostradamus Consulting: Aiming to provide boards with 'smarter business...

Nostradamus Consulting founder Julian Green tells Proactive London's Andrew Scott they're a new venture aiming to provide boards of large organisations with 'smarter business insight'. ''With better insight it informs better decisions which of course leads to better business...

6 hours, 19 minutes ago

2 min read