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S M posted an interesting series of tweets last night regarding the date of the expropriation, reading them seems as though Argentina don’t have a leg to stand on, looks likely that the earlier date will be the one used.
Peltata- it could be that a revaluation would obviously result in a much higher property value, could this then be used by local councils to increase business rates? If this is not the reason i have idea and if it is the case why haven’t councils insisted on regular revaluations?
ripley
sorry if i was rude, not intended. MW are a US based hedge fund whose CEO is carson block. MW took out a large short position in Burford and then drip fed alleged negative information re Bur, prior to announcing the short. The result was a fall from over £20 to uder £4 in the SP. Many on here and elsewhere thought he was substantially wrong and have held ever since, me included. The last few days have justified our stance i believe. Good luck with your investments.
Ripley
Is the Case of the Muddy Waters Short Attack on Burford Capital over ?
There never was a case, you make it sound as though it was in the courts, it was simply one man’s opinion of Burford,. Some of his assertions were correct, CFO married to CEO not looking good for instance, but most were a load of rubbish. Just about every business has some shorts on their shareholders books to some degree and no doubt Burford still do, though not MW as far as I’m aware. It’s not been a good 48 hours for them and I suspect it will get a whole lot worse next week.
https://www.supremecourt.uk/cases/uksc-2021-0078.html
anyone know the outcome?
Interesting article in today’s times, apparently there is a Supreme Court ruling today as wether litigation funding cases are lawful. It is expected that the court will agree with the appeal court that it is.I bloody hope so.