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Good morning Mr Marroc - I hope you are enjoying your Easter break? I have a couple of questions…
Did article 29 you referred to get passed?
Is the fact that YPF maybe brought to account through the appeal a concern to the board of YPF?
Do you think a settlement will be agreed before the Supreme Court judgement?
All the best BW
After the Final Briefings, the Second Circuit will call the parties for a hearing (my guess is before the end of the year) and then is wait for the ruling from the 3 judges.
Patience.
Https://twitter.com/SebastianMaril/status/1773438139564019932
A decision by the Second Court of Appeals in the YPF expropriation case, will most likely not occur until late 1H25, according to a briefing schedule filed today by Argentina, YPF and judgment creditors. Timetable schedule includes:
Republic's principal brief (already filed) - February 22, 2024.
Plaintiffs' principal-and-response brief (already filed) - March 25, 2024.
Republic's response-and-reply brief, YPF's principal-and-response brief (principal in the conditional cross-cross-appeal and response in the cross-appeal) - June 24, 2024.
Plaintiffs' response-and-reply brief (response in the conditional cross-cross-appeal and reply in the cross-appeal) - July 24, 2024.
YPF's reply - August 23, 2024.
Deferred joint appendix - August 23, 2024.
Final briefs - September 6, 2024
FFC,
You should have placed that bet. You'd be a winner right now. Bwtfdik - Lol.
Americans worship money- they're more honest about that than us Brits...and likely therefore more successful at it.
IMO
Impossible to guess imo Renegade I’m surprised this morning to see us holding up right now as I’d have put money on a red day today! Bwtfdik
Yes renegade they have a financial overview of Burfords litigation cases and prospects, though the best results normally as they themselves state come in around the end of each year due to how lawyers like to carry out their work. though again Burfords diversified massive case loads should deliver meaningful income right throughout the year now.
From what I've took from that slightly ? boring YouTube clip I've posted below, Burford is way out in front of their nearest competition , with Burford funding hundreds of millions of dollars of big companies litigation case loads, Burford will rake the money in here sending our share price much much higher in the near to longer term.
Gla.
They are also very much in the know for the upcoming 1Q2024 results which may well hit the streets around the second week of May - ish!
New tax year fast approaching. Lots of shenanigans could soon be in the mix too.
The timing of Bogart and molot's share buying is very timely and very telling to how they think the YPF case will end, Burford is going to get several billion dollars at some point in the next year or so, yes follow the money to make money, that's why they are both worth over a $100 million dollars each. Good luck to them both I say.
Gla
Digressing here but it’s interesting that nyse is open Monday and we’re not given that it seem they are probably more religious over the pond than we are ?
Crikey is it Easter already !!!! Silly me , hey ho I’ll just have to do all those pending chores I keep getting reminded of 😡
FFC,
LSE closed on Good Friday and Easter Monday.
NYSE closed on Good Friday only.
Traders may well want to log out during these periods!
Though $9m is only 0.3% of company value and in itself it has no material impact on SP, though the 10% of shares held by Molot and Bogart means sticky hands.
It is the statement on knowledge that they know the shares are way undervalued. They of course have inside knowledge on exactly how negotiations are going, on YPF, Greenland, Sysco and many others not so well known.
The SP has 15% movements up and down in price which is great for traders but the lows keep getting higher. Follow the money is the phrase.
Another 27 k shares yesterday totaling 319,000 and complete so didn't need the full 5 million
No problem FFC - this is a further purchase on top of the £5m announced to be purchased via AIM.
If you've nothing better to do watch this, the lady on the right side is a burford capital director . She speaks about 7 minutes into the meeting.
https://m.youtube.com/watch?v=yUWj-DK45pc
After hours dealing in New york has us at £12.77 , though tomorrow anything can happen here.
Good night everyone,
Gla
Quite... So at the rate so far I'm guessing it should be complete end of play on Friday or possibly mid morning on Monday
So different purchases & not directly related
They purchased there’s at nil par value/market value on 22nd March rather than buying £5 million over several days in a way to drive price up (£50k a day so far)
Sorry BW my point was the shares purchased by Molot and Bogart are different to the intended five million pounds worth they announced on the 18 march to be bought on aim london stock exchange no ??
FFC take notes 😎
These investments total 333,528 Shares, comprising 167,991 Shares by Mr. Bogart and 165,537 by Mr. Molot.
At end of play yesterday they have purchased 250,00[ shares so they may need another 150k to 160k if they are going to spend the full £5 million on aim !!! I'm assuming the share purchased by Molot and Bogart were on the nyse as they are talking dollars ? sot hopefully his steady climb may continue a while yet ?
Yes .. done yesterday
BW, is the share purchase complete ?
Brigra that's just a brilliant positive find and great read, Burfords shares will be steaming ahead over the next while and coming years,
Gla