Member Info for Alavib

If as you CA believe in HUR’s true value, and we all know full well the current BOD has done nothing other than destroy the value of this once blue chip company, then why are CA are putting up with such bunch of incompetent directors
Surely they as a major holders of the stocks must know as long as these useless bunch are in charge the company MC is not going to shift
The classic example is today the POO is up and Hur is down by more than 3%!! What more do CA need to put in a request for EGM to vote the key members of the board out and replace them with true believers in the company and its assets and future direction
Time to kick these useless money grabbing so called management team out and get the MC to where it should be 45P minimum

A simple calculation says that assuming HUR can produce 12000 Burrell per day day over 300 days in a year at oil price assuming at 63$ will produce over 226 million dollars in gross revenue say it would cost 20$ per Burrell for production cost still leaves a massive 43$ a Burrell in net profit this will result in 156 $ million in profit add the current cash pile of over 150 million $ gives over 300 million $ by middle of next year not to mention the POO might go as high as 70$+
So with this amount of free cash the company can pay the bond holders and make the company virtually debt free with over 150$ millions of cash generating and all other assets and reserves in place also
So any take over offer must be at least 8x the free cash generation or well over 1 billion $
Compare that with our current MC and you see how under valued the company has become mainly to no thanks to such useless BOD
On the other hand we have ENQ with reserved nothing like HUR and debt of 1.2Billion $ which is valued far higher than HUR not to mention HUR’s massive multi Billion $ tax losses which is like money in the bank

Well, exactly, how could the reserve go from min 5 billion barrels to 90 million? Either the first CPR report was cooked, which should have been investigated, as the company pays good money for these so called independent experts to give estimates of the reserve, or the original estimate was correct and this useless good for nothing BOD deliberately reported such a massive down turn in the original reserve estimate, which more so needs to investigated as to the motives behind such unlawful act by company management
Surely as I have said before CA and other large holders must also wonder about the two scenarios and whether any in depth investigations have been carried out in either of those
I still think this BOD have been so dishonest and have deliberately lied about the true reserves
So it will not be long that some oil company will come alone and buy the company with its own cash reserve and have the massive reserve and the tax losses for free

Well said, what I do not understand is how major share holders such as CA and others are standing for such inept BOD surely they have the clout to vote these useless bunch out and instal right people who understand the oil business and how to communicate with ordinary share holders
I really am at a loss as to how these majors have not been appalled with the last two RNS’s which said nothing about what the company’s direction is and how they are going to deal with the bond holders
It’s common standards that when such important RNS’s are issued the CEO and the chairman make comments about the significance of the reports and also give guidance for look ahead
It’s amazing they can publish the financial results in such pathetic RNS and then this one saying go to the web site and read the CPR !!!!
Please CA and other big holders get rid of these useless money grabbing bunch for all our sake

Yes well said, as was reported today that 52 people on board a plain carrying 188 passengers from Delhi to Hong Kong despite having negative PCR test after being retested were positive!! This shows that either these people obtained the negative PCR certification by deception or within the 72 hours after test they were infected .
The worrying bit is these people if not retested could have gone to town and infected hundreds more
So the only safe way would indeed be a fast turn around PCR test at the point of departure as infected people could infect the other passengers on long flight
NCYT have a kit which can give a PCR test in less than 90 minutes this by far is the fastest product in the market and all airports in the world should start use of this test kit if we are to prevent the spread of this virus from one country to other

JC
I know all about my March 5 post, I have not changed my position, I still think along the same line that at the end of the day markets mark the SP based on PE ratio, and we all know that BUR last reported results showed drop in profit even though they had the best ever return
But things have changed now, the 400 million bond raise changed the whole prospective of the company
The US investors started to take notice of the company and it’s services the directors huge buying was another catalyst which showed the BOD beloved the company was under valued
My March 5 post was out of shear frustration as I could see all about the markets companies half as good as BUR gaining double digits gains week after week but BUR was being marked down week after week
So now for the first time I feel the two catalysts mentioned above have all but changed my view about BUR’s future prospects
But I still am of the same opinion that the company must show increased net profit if we are to be re-rated
GLA

The SP had been lagging the huge gains enjoyed by the markets on both sides of the pond
Even at current price we are over 5 pounds below when MW attack, and since the company is listed in US and have reported huge cases and invested over 1 billion in on going cases
So this price increase in the SP is just a delayed response to all the good news best of which was over subscribed bond raise of 400 million $ which proved a lot of top money men are sure of the Burford stores and hence were willing to dive in the bond money raise even to a point of over subscriptions
So I for one even though now well in blue am not getting carried away with the current price increase as I know this market will soon wake up to the true potential of this #1 litigation company in the world and will price the MC accordingly

How can diluting the SP by such huge number is good? The SP did not need this dilution as CB has been collecting lots of warrants which had been exercised, so we were already being diluted almost every week at one point
The 6 million in the bank is not what this market are even remotely interested in, that is chicken feed
The real money is with substantial gold and copper find , and until and unless we get need of any such finds the SP will hover around 2 P till the cows come home! As the market will not push the price up so that bunch of unknown investors who are the client of so called broker can make a quick buck and move on to the next pray as these investors are not in love with ECR they are after fast profits
Whereas us loyal LTH’s see a different picture and whilst we all want the company to be successful and see this as another GGP in making
So I hope and pray that CB can make us all happy by further good news and more communications as he appears very media shy

I watched the recent interview with AG TBH I thought CB cut a very nervous and unsure character which is a worry
AG quite rightly started the interview with how the share holders are baffled about the 2 million placing
And this despite the company did not need the cash
CB’s reply like a rabbit in the middle of the road was yes maybe that was a mistake!!!
CEO’s are not there to make such blunder and mistakes, which make one to wonder who were the people who were offered the share at 2P? Was this a conspiracy to get some mates on board at over 40% discount to the SP at the time
I hope as you said CB had learnt from such a very suspicious mistake and in time will make amend for such blunder and deliver decent drill results as well as good news of JV’s
I really hope so as a lot of here buying at over 4P are not that impressed with this CEO

If the POO is maintained at the level it is now and go even higher HUR will be so cash positive that within a year they can pay off the CB’s and still have a few bob left over for work over to increase production
So it’s a baggers believe that why on earth the markets are not pricing this in and keeping the price at sub 4P?
The clear answer is the BOD’s are just waiting to tip up the balance sheet to a point that all is well and some bargain hunter will pop in with offer to buy the company with its own money in the bank and have the massive resources as a gift
The share holders and institutions which bought in the 30’sP must be aware and not allow the useless and totally incompetent BOD to reach such a goal
As they will benefit by the bonus and promise of juicy employment in the new company

Totally agree, I said long time ago the current BOD deliberately killed the SP by their two stupid RNS’s which were far from the real picture, they more or less wrote off the DR T’s many years of hard work and clear the slate to drop the company’s MC to a point that it’s an insult and primed for a cheap TO
This board must be sacked for their action which had resulted the company’s SP to where it is a total insult to honest investors

Paddy, I hope the markets are as optimistic as you mate
Over 18% drop tells you they are not
Today’s RNS was the worst possible news so close to the FYE news, I hated selling this morning but on hindsight I was lucky I guess
I will wait a few days to see where this will go and may buy back I bought at 117 and sold at 135.3
But am not proud as I was hoping for a £2 by end of this year
But now I am not sure

Never meant to ramp AMGO!!
Best to talk about BUR here as this is what we are all concerned about
My reply regarding AMGO was in response to someone who posted as cut your loss on Bur and invest in Amgo
We have far more pressing issues with BUR
Amgo is not for seasoned investors in BUR
So yeah I agree with your comment
But I still think the risk reward of Amgo is well worth taking

I am already in big way in Amigo
This will make or brake by Mar 30 when the court case is done and dusted
But you have to ask the question, why such a big Ii such as JPM would pump in over 6% of the shares if they did not know what is coming
These institutions are not in a business to just throw good money away
They invest to double or more their investment
So I am quite confident that AMGO will survive and thrive
Just it will take a year or two before the share are back to over a pound

I like your optimism about the true value of the Shares!! 1300-1400 is nothing but a pipe dream
If we get to 800 I would say we have achieved true value
The sad thing is the company sold us the idea that by registering in US somehow it would open the doors to fantastic opportunities to be able to raise capital to invest in potentially profitable cases
Well that my friends had stalled just look at the support the company has got from the potential US investors we are at all time low over there
So much for US investors piling in on this wonderful and the larger litigation company in the world
Look at the way market see this company over here twice bought than sold and SP tanks in the close
One should have known better when the update RNS was issued past 12Pm the SP touched 750 for 10 seconds!!!’ And ended the day over 6% down
Are we blind or what market told us what they thought of the RNS , yet here we have guys who paint such a Rosy picture of this most complicated and good for nothing company
Talking in terms of years before this will turn the corner, we should all take a lesson from the US investors and cut our loses and move on there are companies in the market that go up by 60/70/80% in one day
Can anyone here ever imagine BUR to go up by even 10%?
Listen to what the market is telling they are not always wrong

You say lack of understanding of their bizz model!
Two years ago when the SP was over 15 pounds nobody questioned their business model lot of institutions were on board and the company was reporting growth in net profit years after year
Until MW dug deep and discovered that the real story was different and told the iI’s and they all dumped the shares and SP dived and despite BUR’s unsuccessful attempt to prove the company was hacked and nothing they are doing or had done proved they were cooking the books
The sentiments have remained negative since
And the only was it can change is for the company to simplify their reporting to show that how they get income and make profit
Otherwise we are back to what is the bottom Line figure as no one understands the rest

TWT, I agree with your analysis, I had said on many previous posts that this company needs to show 15/20% growth in net profit for the next 2-3 years to bring back the II’s back on board
They can say all they like (such as best ever this best ever that) but markets price in based on growth in net profits as a P/E
So you are correct how can this share be re rated when they have reported two years running drop in net profit
It’s time they come clean and tell us all long suffering share holders the real story instead of all those useless jargons like in their lates RNS
Markets are intelligent and can read between the lines no matter how BUR tried to gloss over the bad news

https://masterinvestor.co.uk/evil-diaries/evil-diaries-dough-on-the-amgo/

Laconic
We keep hearing over and over as how under valued this stock is! If that is the truth so why on earth the funds which hunt under valued stocks are not chasing this
I look at the daily volume and it hovers around 180-210K which for an under valued company does not bode well
I think the damaged inflicted by MW is still lingering on and many II’s are very weary of dipping into this as the jury is still out as to whether this company really makes the kind of profits that many thought Pre MW attack
We as LTH’s still believe in BUR business model and maybe we don’t know much least not as much as the investment funds with clever analysts who can go right through the company business model and come up with their recommendations
The very fact that despite very cleverly optimistic update with claims of best ever the net profit was still lower by quite a margin than the year before
And we all know company’s are rates as per PE so lower net profit means lower share price no matter the potential or the fundamentals
So we are where we are with this and util and unless the company bests the forecast by way of bottom line net profit the share price will be a play for shorters and day traders
The classic example was my own case where I could have made a tidy profit without even selling for good
I did not and now I will wait for any unexpected good news like wining the YPF or VW cases which will game changer
GLA

Laconic
The company has 219 million shares, on the day the update was published over here in UK just under 900K were traded granted more sold than bought
I have no idea what was the traded shares in US on this day
But assuming over there also similar numbers , then remember not all sell many buys also, then how on earth and despite good update the share price could tank 7% over here and over 9% over in US?
I could understand If there was a 20 million sells against say 2 million buys then could accept such mark down but a petty 900 shares traded and we are down 7%??
This is nothing short of market manipulation and there is not anything any legal entities over here can do about this sick practice
The stock markets are long lost their purpose as an investment where each company is valued fairly and properly , now you have liked of black rock and other big guns who control the markets
If we try to kid ourselves that markets are fair and logical then we are deluded
So the best way to make money for us small guys is to follow the trend and forget about long term prospects and sit and watch our hard earned money invested being played by shorters and hedge funds
I could have sold my holding on Wednesday at 1300 and buy them back at 1625 and make 4K
But like many here I got sucked into this notion of long term this share will double!! And did not sell