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Argentina haven't a leg to stand on regarding these cases, they have already admitted liability in compensating Repsol the Spanish company for the share they seized, it's one thing crossing the Spanish government and courts, but it would be commercial suicide to cross the American governments legal system, if Argentina doesn't pay up and respect any settlements, then they simply may not get access to the big loan money, that's how it works, they struggled to pay interest on there American loan notes of around $500 million dollars in interest a few months ago , the one thing Argentina can't afford to do is not pay there interest, that shuts them out of the capital markets, now that would truly devastate Argentina.
So they have to find some way to pay burford in any settlement or things would really be bad for Argentina.
I strongly suspect burford will already have idea's at how to get money out of Argentina, they are the experts in these types of situations. No disrespect to anyone but I don't mind burford getting into the oil industry as long as we get payed, LOL
GLA
$1.5m in potential buys after market's have closed.
One thing that will continue to frustrate while holding bur is that the very nature of their business will always rely on the justice system ???? And all the games that are played within.
Some will hope once it gets to the eke eleventh hour that they settle but of course then the rewards may not be so great ???? But will at least get paid rather than appealed for years and years ??
So far it’s been 5years re the petersen case I believe
Peterson case, I thought that was all settled regarding which court it's heard in , so your saying they tried there own courts again ! I just wish they would get this case into court.
https://burfordcapital.com/media-room/media-room-container/us-supreme-court-denies-petersen-hearing-further-burford-sale-of-petersen-interests/
Thanks for that yuri !!!
Hope butchdriveshaft I’ve on the blue board is correct
He had a notification? That Argentina hade there “ request” to have the petersen case heard at home thrown out today !!! Hope that’s means it’s now another step closer to being heard in New York ????
Soon please !!! Could we have another blue day on Monday now ???
Tommy25 iweb is completely down ,technical fault.
GLA
ffcmember - check it on this site (link is in menu up there)
https://www.lse.co.uk/ShareTrades.asp?shareprice=BUR
or directly on london stock exchange:
https://www.londonstockexchange.com/stock/BUR/burford-capital-limited/trade-recap
Here goes this odd 517p trade:
05-Jun-20 ... t=16:01:13 .. p=517.136 ... Q=4,077 b/a=561.20/562.40 val=21.08k
I'm sometimes forced to break into smaller purchase lots because there's not enough shares to fulfill order, or rake a risk and submit as negotiated trade (it mostly isn't that crazy in the end)
i cant buy bur for the past 15 mins. is something happening to this stock. my broker is iwebdealing
517 yuri???
When they eventually open can I respectfully suggest a trip to specsavers
Lol, I see 517p on my screen
pump and dump..
Well we won't see 600 today but I'll gladly take a blue day. After all we'd all be rich if our stocks could just increase 1% everyday. Only in this a wet week but its been a bit of a roller coaster already. GLA.
time.will.tell - Well said. Although the price seems to be holding up ok so far - which is a good sign! Best of luck going forward. There will be better days ahead with this share.
Another thing I thing that is important, when we get our USA listing normally institutional investors would normally have to go and pick up some of burfords stock, we will be valued at over a billion dollars, a lot of these institutions must pick up X amount of stock in good companies valued at different valuation levels, we should be perfect for this to happen, now that should improve liquidity enormously, just that set of circumstances should increase burfords share price significantly . Also the very fact that our business flourishes during a recession means the USA markets temptation to hold larger amounts of burford stock is more likely. It's all looking positive now, please don't discount what burford can do during a very possible horrendous recession, and in the face of very possible volatile stock markets. It can sail through very stormy seas, as we've just witnessed.
GLA
Burford jumped 70p today, before and understandable profit taking pulled it back, now after seeing that fantastic rise how quickly can it get to that low average price target of £8.20p , it's about general confidence in the company and the general world stock markets, it was a excellent time to take a high point share price profit, now hopefully after the horrendous shorting of our stock has ended , we should get a normal buying/ selling pattern taking place, that should cross your fingers , see us marching up to a average priced share price and valuation, though if we get any favourable news flow from any source then a premium we will have, we all deserve it, especially the LTH, long term holders, they have suffered more than most in all sorts of unpleasant ways,
Whatever high our share price hits today , it will return there in its own good time, and then surpass it in the coming days and weeks, I'm just delighted we eventually smashed through that £5 barrier, hopefully we can smash through every barrier until we hit £26 , yes £26 in a few years that figure might even be well behind us.
DYOR, please always buy/sell with extreme caution and due-diligence. GLA
Callaway - you will not be the only one selling out today and sure this stock will drop at some point to get back in, even if it is with a smaller share buy so you can distribute your risk better - some great stocks on offer at the moment.
The mental challenges of this stock have made me a stronger investor, as I'm sure it has you to! what does not kill you only makes you stronger - it has been a rough ride though, thats for sure! lol
A huge positive for BUR now is the large amount of attention this stock has now received and captured through the bad publicity - which i feel will work in its favour with all the other merits to see it rise quicker. 'There is no such thing as bad publicity' good luck with your holdings buddy.
Time.will.tell - I am completely with you.
As a naive beginner investor I put some money in her at its peak of £1.6. Even then I thought I was getting a good deal.
Since then I managed to average down multiple times (post Muddy Waters & Corona) to a point where I am only ~15% down overall at the moment.
Based on what I've read, I still feel confident in this company and feel like the board have really tried to have people understand the company and what it's trying to do. However, having multiple opinions contradict that can be difficult to swallow. Especially seeing the price decline multiple times, and failing to see a strong recovery takes its mental toll.
Having been disappointed by several pump and dumps, I made the difficult decision to sell out my holding today, taking a bit of a loss, with a view to buy in when (or if) it goes down again. I know I shouldn't be looking at the day to day movements, and that I should have a long term horizon, but my emotions got the best of me today. Hope we've found a new trading range (above the 400-500) and that there are better days ahead.
Mathurin - I don't know about you but this has been the most testing stock i have ever held. Courage and sheer determination that is for sure - only thing that helped for me was detailed research, but when the credibility of the financials are being attacked and that is all you have to go by, it does make you worried if you have made the right decision, especially as needed to add in the lows to reduce length of time to make profit again - can see why so many people gave up on BUR - with all the bad press in line for so many months) Again - Hat off to all long term holders of this stock!
Not out the woods yet, let's see if it has legs now some of the profit takers have bailed on rise today.
Just hope this is not a pump and dump to rattle the weak holders, like we have seen SO many times over the last year.
As a long term holder try not to focus on the day to day performance - but it is hard not to!
Mathurin I couldn't have put it better myself, the Excellent Hardman report may have put some meat on burfords potential , and to confidence building with investors . Could burford double in 12 months, it may even double in the next few months,
Investors really need to understand just how much burfords earnings could potentially explode upwards in the next few years, it deserves a recessionary proof premium of a share price, the USA listing may just deliver that premium, or it will be snapped up by a larger conglomerate ,who can fund all its lawsuits and take the full profit and earnings, the higher our share, the bigger the share price jumps , as we are still very cheap that should continue until we get a fair price for our company's shares.
GLA
Isn’t it amazing how no one was prepared to back Burford three months ago - it’s pathetic how very few people have the courage of their convictions .
Burford is a long term hold for me and I expect the SP to double within 12 months - as long as the USA market holds up despite 40 million unemployed and who knows what stupidity Trump will do before November.
We past the 1st Pivot resistance point at £5.40+p
The next level resistance pivot point is ££5.55+p at the moment we have also past this point,
GLA
PS, correction I bought into burford on the 24 th of april 2020
GekkoGordon thank you for that great positive post, I agree wholeheartedly with what you say,
I own somebody a apology here, as I stated I thought a takeover offer was unlikely, though taking into consideration what you have stated , with our shares listed in the USA there seems any amount of big companies that could swallow us up with there shares alone or a cash equivalent, the money we pay the sovereign wealth fund currently 40% of the settlement money from using there money, that alone may fund or help pay for a multibillion dollar takeover, we actually could be a fantastic bolt on for Blackstone , fortress investments or Vannin capital, there could be many many others out there, the futures bright, the futures litigation funders.
Good night everyone. And GLA.
FFCmember you seem to have conveniently left out my other card factory PLc post on the same page !!!
1* Because their business model could collapse very quickly if the high street footfall drops to much, and everything indicates a football drop, there will be a bloodbath on the high street if shoppers don't return in normal numbers, large numbers of people will loose there jobs , large numbers of people will be more careful with their money, it's just not a good combination of very possible outcomes, if I'm wrong card factory could be a great risky investment, though to risky for me, and believe me I take big risk. It just seems obvious to me they may get into trouble and very quickly, a lot of companies March on when they know things look terminal for making a profit.
2 *So the government is opening up non essential shops on the 15th June , hopefully that can kickstart
card Factory, now that should lift the shares tomorrow , excellent decision. GLA
3 *Well people were saying I was de-ramping here at 95p, let the share price do the talking then, I hope I’m totally wrong though, and card Factory ends up being the remaining and best card selling shop on the high street. GLA
So i try to warn investors to get out of card factory long before the big crash, and you try to turn that genuine act of kindness into a negative, truly unbelievable.
i sold out of card factory at a small loss when i seen what was happening in WUHAN, i then tried to warn other investors to what was going to unfold, and nobody believed me at that time. a very costly mistake.
also to turn the 24th of may into 5 minutes in burford, another lie i guess. is there no end to your negativity.
GLA