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Likely to be increasing on general market positivity today, predominantly with major gains for companies that will benefit for lockdown restrictions easing. Burford may benefit from this, since BUR has suffered much more on downward days in the last 9 months. Also the VW outcome underpins that. Loving your enthusiasm. A little balance is required though.
Another thing to take note off, Burfords shares are increasing with no news whatsoever from the company, when we get some good news the shares should jump significantly, add in a USA listing and American investors looking for recession proof companies, and we should get to £8.20p very comfortably, but only in my humble opinion,
Always buy/ sell with extreme care and due diligence at all Times.
GLA
Mathurin thank you kindly for those very generous kind words,
I'm just a amateur investor, with the wisdom? and track record of a average amateur investor, I just think why invest your money in any company's share if your not very enthusiastic about that companies proposition.
Another good investment strategy, is to never get emotionally attached to any companies shares, because it interferes with your need to sell if things look bleak.
Thought burford couldn't look better, burford has the potential to go to £26+ in a few years time, and potentially even much more, given the proper amount of our own litigation funding, and to cut out 3rd party funding/ sovereign wealth fund. And others, we use them to reduce our own risk, though we still take 60% of there profits, so maybe burford is right about this strategy.
GLA
TB - I think ‘ consistency ‘ might be your name - I see over the past thirty days you have posted 130 posts re Burford . I have to congratulate you since this LSE forum was moreorless moribund before your arrival . Your optimism will be justified and I hope that Mr Bogart will give you a medal for your fidelity and predictions - by the way do you have any
investment background or are you a self taught amateur ?
FFCmember I certainly hope your right and I'm spectacularly wrong,
I believe we will win the peterson case very easily, our litigation cost paid in full, though the market price of our shares indicates a struggle to get our hands on that 1 $ billion dollar settlement figure, and as we know Argentina was already struggling to pay It's debts before this pandemic and downturn, though I'm very confident that burford have already identified assets we could get frozen to pay any unmet settlement award, we actually don't really want any Argentina bonds, for all the obvious reasons, so I'm intrigued to find out what burford have identified to seize from Argentina to settle our award, I reiterate I'm extremely confident we will win the peterson case. And get our full litigation cost back, though as I've stated the market seems to agree with my view / so far, but that can all change , I once again topped up this morning, the best is yet to come, this share could easily go to £8.20p+ in just a few hours ,weeks or months. Some good news and this will really fly.
GLA
https://www.hardmanandco.com/companies/burford-capital/
For anyone new there's a good bit of info here
Sorry TB I have to disagree ,
Investors are expecting much more than that from the Argies and if we get little more than 50 million ? (costs?)muddy waters will have a field day .
BTW we have already sold more than we put into the Petersen case I believe ? Correct me if I'm wrong . (been here 4 years btw)
The average private Volkswagen payout was €17.500 payout, so that's a ball park figure we could go by. How much profit for burford I simply can only guess, 25% 33% the reason I feel it's one of these figures is that this should have been a straight forward case, as Volkswagen have already admitted to their own failures, and also paid out billions at higher levels of compensation, so for me I felt this was quite a safe case to back with $30 million dollars, though only a portion of this profit will be our profit, as we keep the risk very low , sharing the payout with the sovereign wealth fund and other 3rd parties,
Though this is just a taste to what burford can do, the best is yet to come, even the peterson case we will at the very least, get back all our cost incurred in taking that case , say $50 million dollars+ anything else is just a bonus, I suspect a massive bond settlement of some kind for the award itself, and hopefully a big enough bond settlement to take account of the risk with them shaky bonds. They can always be sold to someone at some price, that seems to be how it works, they award us , just say $1 billion in bonds and we sell them for 3/4 hundred million, I wouldn't like to hold these bonds, but the Argentinean government might start quantitive easing and buy these bonds back," or not". Burford could easily identify Argentinean assets from around the world and get them frozen and confiscated to pay our award , that's burfords specialty, it's more difficult to hide a sovereign governments assets, most other governments know we're they are in case there's a sanctions war.
So we can expect at the very least to get all our cost payed for, the rest is a bonus,
The cash receipts will pour in this year to truly ignite our share price. It will be a retailer bloodbath in the worlds economies, though this will only benefit burford and It's litigation funding propositions. Burford is a safer place to park your money than most other shares. And very possibly even triple your money in 1 / 2 years
But /sell with extreme care and due diligence
GLA
GLA
So, assuming the compensation is potentially EURO225m (15000 x 15000 EURO payout), what is the assumption that Burford get 50%, 40%?
Assuming a minimum 5:1 return, if 50% it could be EURO150m. Can't see it being much more. Great result though. Moreover, VW really screwed up and let huge numbers of consumers down as well as polluting so much more.
Lifted from ADVFN
Bramcych, In 2015 BUR put in $30M with German firm, Hausfeld. hTTps://burfordcapital.com/media-room/media-room-container/hausfeld-to-pursue-volkswagen-claims-in-germany-backed-by-financing-from-burford-capital/ "Today, on behalf of more than 15,000 German consumers affected by the VW diesel emissions scandal, Hausfeld filed a complaint in the Braunschweig District Court. The filing is believed to be the largest single consumer complaint ever filed in a European court. The complaint alleges a claims value of over €357 million ($416 million)." hTTps://www.hausfeld.com/news-press/hausfeld-files-for-15000-volkswagen-customers-in-single-largest-consumer-co
Very good news.
German courts today award against VW
Wonder how much we’ll make out of it should be a blue day tomorrow hopefully let’s hope the payout is in time for the half year results ???
I’m not one to bang on about the share price but hope it heads steadily north from here.
Gla