Ann: Company Update and Capital Raising, page-11

I don't, sorry - I didn't read the Vannin prospectus (not sure they even filed?). Comparing BV relativities of Burford and LCA is problematic given Burford marks its assets whereas LCA carries at cost (which argues for LCA being even more undervalued than headline numbers suggest), and Burford has a hugely profitable funds management business whereas LCA doesn't (which argues for Burford deserving its large premium to book).