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Q1 was quiet as predicted at the 2023 year end presentation - No bad news really so onwards and upwards to £14 ish
Short term £10 maybe?
Fingers crossed
There is a lovely trend line it could bounce off at 11.18 tomorrow.
£10 seems a bit far, there are institutions slowly buying in the background
Planit,
Yes, I can see that on my chart. May have already hit a Fib line at 1117p though. The two major supports that were in place before yesterday have not held.
Onward and upwards. Lol.
11.18 being tested now. I'm hoping it will bonce from here having bought back my trading shares prematurely at 11.56. Fully exposed here so would rather not see the 10s! ce la vie
Note to self; In future sell pre H1 results!
JC, You still have three months left to do that..:)
Apologies, should read Q1 results
Why would your fingers be crossed to see this hit £10.00? I thought the idea of investing was to make money NOT loose it!!
Berenberg Bank still have no qualms about issuing a buy rating on burford for £16 a share, and that's still before any YPF settlement amount gets factored into the share price, a genuine steal at this price . The shorters just love this share when burfords profits get pushed into another reporting period, they will push it down and then up again in the coming weeks and months, it wouldn't matter if burford posted a reasonable 1st quarter profit, the shorters are looking for anything that's not a spectacular earnings period result and then they just press the shorting sell button, the thing is they will nearly always have to buy back in again as burfords shares are heading for at least a doubling of our share price inside the next year or so, if you have a half a brain in your head then this drop shouldn't faze you at all other than a slight disappointment of a day or two, it always marches upwards after such a fall, and yes it's nearly a tradition now that our shares fall near or after reporting day LOL, I know I shouldn't laugh, but it's ironic that a fantastic earnings compounding leader in its field of litigation gets punished because to many investors don't truly understand burfords earnings periods and potential ,plus the shorters add to this unjustified drop, I'm actually taking this drop as a gift and opportunity to pick up more shares in the coming days and weeks,
I've every confidence in our share price at least doubling at some point, yes it's hard to be exact here, yes Javier Milei has his work cut out ok, though he's so far into his plans that even his opponents can see he's making ground on reducing inflation in Argentina and getting international respect for his country's fiscal policies, with the rewards from that being Better terms with the IMF and big businesses from around the world, if the argentine people can stomach this financial pain a bit longer then it could pay the whole country in the long run to toe the line somewhat here, if Milei succeeds here then so does burfords shareholders, and massively, if he doesn't succeed then our settlement award will take longer to collect ok, I'm very confident Milei definitely wants and needs to get rid of all these court awards and obstacles to his country returning to the international money markets, he must pay us first or in stages and in tandem to his country becoming very prosperous and financially wealthy again. he stands a very good chance here as the fiscal numbers are adding up in his favour here, let's hope his voters give him the space and time to carry out what he was elected to do, and that is to make Argentina great again. Burford is a fantastic in front head and shoulders leader in the litigation world, when the market wakes up to burfords true potential these shares will definitely sit around £26 to £40 a share, I've no doubts at all , it's a brilliant investment.
DYOR, GLA.
So I can add and hold to get maximum return, why do you think. I’m not trading any yet.
It’s a gift when this stock drops so much.
Hmmm... I still don't get it as personally I would prefer the fairly large investment I have in BUR to go up not down regardless if I could buy more at a cheaper price. I don't get your logic.
Unfortunately not everyone’s trading styles are the same.
Some short, some take a position when it drops and make a few bucks in an early rise (which can be a lot if trading 10000’s share), some buy and hold.
The buy and hold is the most painful, for me this is along term strategy why I buy and hold in Sipp.
Adding trade position, starting to sidewind now. Will double down on any further drop.
Like the Berenberg Bank write up - £16.00 by end of the year i reakon.
Well let’s hope nobody is prepared to accept below $14 across the pond ! I’m long obviously but ide prefer this was the bottom???
I don't wish to jinx it but it's looking better in the US 🤞