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Many thanks Flakey
Not sure how that passed me by ! Was there any explanation as to why they wanted an option to buy back ????
I don’t know why but it will be interesting to see the Mechanics of the dual listing ?
Not sure how it works Armada, but they did vote through the option to buy back shares, at the AGM.
Armada I'm unsure to the exact mechanism of a dual share listing, though I'm guessing it's not to difficult to divide a companies free floating shares into another jurisdiction, burfords Liquidity is already excellent, though it just takes a smaller number of enthusiastic investor interest in the USA to send burfords shares flying, or falling depending on the news flow from burford, they should also roughly mirror each other in price, though I have seen shares I once owned differ for a few hours by quite a lot, that's unusual though, as someone somewhere will spot it a make a move to capitalise on it.
Burford buying its own shares and then selling them into the USA Market, they could do that after shareholders approval, though I wouldn't bet on it just yet, it could actually be a great investment for burfords share holders though, they are very cheap at this present time, though as burford have a already stated they have passed on the dividend to conserve cash at a most unpredictable time period/ pandemic. They may also still wish to conserve cash and make investors feel they are being prudent with the cash reserves. I can understand that thinking, it's been a traumatic time for everyone and especially burfords
Accounting departments.
GLA
Suppose Burford are listed in US on 1/9/2020. What's stopping the company from buying 10% of the shares in the open market and issuing 10% of the company shares to investors in US and getting their money back.
TB, Thanks again for responding.
I'm invested here anyway so will keep an eye on whether the theory has any credibility.
LP
Your very welcome littlepost,
Believe me there is plenty of shenanigans going on in share buying and selling, the people who do it prey on innocent vulnerable investors year after year, as we seen yesterday's fall to around £4.35p and for no real reason, and then again today
Back up to the £4.70s and again for no news or real reason, other than / probably some one may be orchestrating it,
I myself often mention the Berensburg Bank price target of £8.20p that comes from a respected brokers call, not mine. That's my reasonable price target, though anything can happen in this game.
For all you know there may even be a hidden signal to buy or sell from hidden identities, and it shows up as numerous sells at say 100 , as we've seen here today 22 X 100 share sells near the close. A highly speculative theory LOL.
Another point worthy of note, I'm always open to be completely and comprehensively challenged here, on any matter whatsoever, no matter how strongly it's held, though a basic level of respect should always accompany that opinion, a perfect example of that is GekkoGordon , I genuinely respect that gentleman.
Kind regards, GLA
TB, thanks for your reply.
These spread shenanigans' always prompt me to investigate the share deals at /around the time, and yes there was some strange activity with all those 100 & 400 deals.
Someone on another board recently posted a list of traders codes that they supposedly use to message others. I've no idea whether this happens but I kept the list just out of curiosity. Two on the list were:-
100 - I need shares
400 - Keep trading it sideways
To me if there is any truth in the above this would indicate an imminent uptrend but could also be complete BS. Just found it strange all them trades. Probably just a crazy conspiracy theory.
Little post that spread can be anything at any given time period, the market makers that control the prices can open or close the spread,
Take a look at the near enough straight sale of 22 100 share sells at 16.29,36 is that a market glitch or a orchestrated so controlled sell off. ???. Unusual to see that many near enough together.
GLA
Hi All,
Can anyone explain why we have a 10% (oh 18%now)negative spread at the moment?
Thanks in advance.