BUR - Burford Capital Limited (BUR) Q4 2023 Earnings Call Transcript
2024-03-14 11:49:06 ET
Burford Capital Limited (BUR)
Q4 2023 Earnings Conference Call
March 14, 2024, 8:00 AM ET
Company Participants
Christopher Bogart - Chief Executive Officer
Jonathan Molot - Chief Investment Officer
Jordan Licht - Chief Financial Officer
Conference Call Participants
David Chiaverini - Wedbush Securities
Julian Roberts - Jefferies
Alexander Bowers - Berenberg
Andrew Shepherd-Barron - Peel Hunt
Presentation
Operator
Good morning and good afternoon. My name is Krista, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Burford Capital Fourth Quarter and Full Year 2023 Financial Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.
I would now like to turn the conference over to Christopher Bogart, Chief Executive Officer. Christopher, you may begin your conference.
Christopher Bogart
Thanks very much, and welcome, everybody. Thanks for taking some time to be with us today. As usual, I'm joined by Jon Molot, Burford's Chief Investment Officer; and Jordan Licht, Burford's Chief Financial Officer, and you're going to hear from all three of us, as we walk through the slides that have been put up on the website already, and after that, we'd be delighted to take your questions.
When you look at these numbers, and I'm starting on Slide Four. When you look at these numbers, we're just so very pleased to be able to produce numbers like this for you and to have -- to be able to report on what was such a fantastic year. The last few years have been a little frustrating for us.
We really started growing very rapidly in 2016. And if you look -- if you look back in history, in 2017, for example, we did a 11 times as much new business as we had done only four years earlier in 2013. And so given the life of our assets, we expected to be delivering great results a few years later from that growth.
And instead of being able to do that, we ran headlong into COVID, headlong into the global pandemic. And so instead of delivering the results that we were expecting from that burst of growth that we've continued, we instead have spent the last two or three years saying to you, well, just wait for it, it's coming, trust us....
Burford Capital Limited (BUR) Q4 2023 Earnings Call Transcript