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I am interested to know the views of our viewers on this board.
What is our share price likely to be when we actually have a settlement agreement approved and payments coming through ?
This is of course what we are all waiting for !
I presume this may well be in another 12 months - 18 months time.
I anticipate the agreement unfolding in two stages: first, the establishment of the economic framework, and then its approval by Congress. Believe it or not, the initial phase appears relatively straightforward. Congress is the problem.
Regarding timing, I predict that the government and Burford may finalize the agreement's structure within this year, but congressional involvement will likely await the appellate court's decision.
Navigating a clear path forward is challenging, given the various potential outcomes. However, I remain convinced that Burford will need to propose freezing the 30% economic entitlement of the Petersen companies in an ESCROW account until Argentina completes an investigation into its ownership, that has not even started or proposed. Congress will most likely want to know if politicians are behind Petersen.
Lastly, keep an eye out for updates. Expect news to emerge shortly.
Good evening Mr Marroc
Would it surprise you and your team if Mr Milei and his team agreed a deal with Burford in the coming weeks or months?
Aaaaa 50 % gain in a day, and a missed it... PLCE...
“In February, the IMF warned Argentina that it needs to address legal issues related to recent court rulings if it wants to regain access to international credit.”
If thats the main reason besides other general market mood, then thanks for them really and buy the BUR.
Anyone remember the holding thresholds you need to report at on AIM. Are there any once under 5%? Also how many days do you have to report crossing of these threshold's?
And are there any threshold reporting on US market.
Thank you Mithaq.
They wouldn’t dare would they ?
You’d have to say they’ve got balls if they did
So PLCE SP fell c50% in the last week on news of potential litigation and Mithaq had a margin call … Irony would be that Burford are funding the case..
So PLCE SP fell c50% in the last on news of potential litigation and Mithaq had a margin call … Irony would be that Burford are funding the case..
Interesting Moomb - what’s your thinking about that ?
There’s approx 210 million shares so I think the dilution is only about 0.26% so shouldn’t make much of a difference.
Anyone got any idea or predictions how the 533k shares being placed for sale tomorrow will affect the share price ??? Obviously I wouldn’t mind them head south for a day. Sorry
Spot on BW you called that one right and I certainly did not ! Great to know the reason though and very clever of them to suggest they would be buying back also. Can’t have been detrimental to the sp can it 👏
Mithaq's other largest position is PLCE which has declined significantly recently
Makes sense now .. I reckon they needed cash quick again!!
Not yet twt but I'm ever hopeful , we might climb back up now so I might have missed the bottom ?
As I've said before I am over weight here so may be a good thing as the addiction needs tempering
Well you got the drop for your ISA top up you wanted FFC.
Im in the blue now. onwards and upwards.
TWT being a but older right now I’d like it to drop a yard or two rather than a centimetre, lol
But it hasn’t dented sentiment here fortunately 😊
Bloody predictive text eh
To help fund the long term incentive plan as per the RNS on April 10th
We all need a “ pat on the back “ sometimes
Does anybody know the reason for increasing the quantity of shares?
Whether or not its a small quantity, perhaps the market worries that if Bur are willing to use dilution now, might they dilute my stake further in future?
Must say, I'm a little annoyed dilution has been used, but I have no idea why and perhaps there is good reason? Either way I'm a long term investor and still believe in the potential, so I'll be holding.
I’m in two minds if this adding to share pool had anything todo with the drop.
It is not generally something the market encourages and often a drop in centimetre does happen when it does occurs.
It’s not a lot of shares in the grand scheme of things, not like what TUI done.
I see it as an opportunity to add, as future still looks very bright. Shorts may have played on it, as it is confusing.
Strangely enough my Wife went to Burford ( in the Cotswolds ) today and visited her favorite garden center , Fortunately she only came back with the odd treat and not natural substances for the roses .