Burford Capital Share Price (BUR)

This is interesting as it gives an insight to a straight forward risk reward model by Burford. We will find your case but we want our investment back plus 3 x the value of the investment … simples

Section 23

The PCR entered into a financing agreement with BC Investments Ltd ("Burford"), a subsidiary of Burford Capital, dated 20 June 2018 (the "LFA").

The LFA has been varied from time to time to take account of developments in case law on litigation funding.

Pursuant to the LFA as varied, Burford has committed to provide up to an aggregate maximum amount of £30,715,000 to fund the costs of the Collective Proceedings, subject to the Collective Proceedings reaching various procedural stages. That figure includes £10 million of adverse costs cover in addition to after the event insurance cover which the PCR has obtained. In return for its investment in funding the action, if the Collective Proceedings are successful and an award of damages is made to the Class, Burford would be entitled to receive both repayment of all sums invested in the case pursuant to the LFA and an amount equal to three times the capital invested out of the damages and costs awarded to the Class. The payment structure is set out in Schedule 3 to the LFA as varied as follows:

1

"Allocation of Proceeds and Costs Awards

Its certainly getting v interesting… not ypf related but a good find by somersetlad on blue board ref another case.. I’ll start a new post

Hi BlueWiley,

This may also be BUR Boffin Boys-related...

Interesting article - referenced by Seb - in Clarin, the largest newspaper in Argentina and the second most circulated in the Spanish-speaking world.

https://www.clarin.com/opinion/coletazo-populista-vilo-ypf_0_R2UyhPN6Eg.html

"Another populist blow that has YPF on edge"

Goldman Sachs has an 18% stake in Clarin.

I wonder whether BUR is co-ordinating strategy with Wall Street ?

Clarin initially supported the Kirchners, then fell out with them over their attempts to muzzle the press.

Its editorial stance is centrist/right-wing and it subscribes to the politics of 'developmentalism', the notion that the performance of a nation's economy is the central source of legitimacy that a regime may claim. Per wiki " the notion of developmentalism has resurfaced more recently in the developed world – notably in the economic planks of 'unorthodox' policy makers such as Donald Trump and Bernie Sanders in the United States..."

The article re-caps the YPF saga and places the blame squarely on the Kirchners. In so doing, it appears to be supporting Milei in his battles with Congress, by seeking to neutralize opposition to his plans.

Article mentions the litigation threat to YPF's current ambitions

.."The execution, if it proceeds, could open a Pandora's box where the uncertainties about YPF's new shareholding structure would compromise the company's strategic plans and projects that are fundamental for the intensive development of Vaca Muerta..." and concludes

.."The current administration and management of YPF have made explicit plans to internationalise the oil market, intensify the exploitation of non-conventional resources and respect the company's management autonomy in a context of increased competition with other market players.

It would be regrettable if this whole process of investment to boost the economy were to be frustrated or slowed down by a ruling in a case in which YPF was the victim of populist mismanagement..."

Full article elsewhere.

GLA

ExTrader - I like this from your post on blue board.. The Burford Bofffin Boys earning there $ here !!

Kirchner's use of YPF jets - referenced in the submission - whether for personal or 'Government' business could prove to be their undoing.

interesting geopolitics in action :

- denmark sells 24 f-16s to argentina for $ 300m;

- denmark gifts 19 f-16s to ukraine;

- having decommissioned its entire f-16 fleet, denmark replaces them with f-35s;

- although the f-16s are 'obsolete' , they're good enough to have shot-down (apparently in dog-fights, not missiles, at least 2 chinese/****stani (?)sourced russian jets...)

- the uk has a veto on sales of jets (like the f-16)that use british martin-baker ejector seats, so must have ok'd the sale to argentina (perhaps after american arm-twisting);

- the west (esp us , who has spare parts sales)can give milei something for the local electorate...and incidentally thwart the alternative being tabled, buying from the chinese).

machiavelli or bismarck ?

gla and atb