Member Info for Amica1

Burford continues to baffle me. While the announcement sounds like good news, it's not rock solid given Argentina's history of not paying debts and their current inflation rate of 105%, thats the highest in 32 years. The last time that happened led to hyperinflation of 5,000%, it's a very poor country and politically unstable (read full page article in this weeks Money week) and so paying out billions of dollars when their exchange rate to the dollar is sliding dramatically, one month ago 1 dollar = 370 pesos, now it's 392 pesos to 1 dollar.
I just can't see them paying up and continue to stall. I wish I had more faith in BUR's other cases but at present I don't.

With Bur it's been jam tomorrow since the MW attack, and MW were correct about a lot, hence Bur HAD to change it's operation. It's going up now - why - it's from a very low base. Over the past 5 years it's lost 60.17% as I write. Google it!
It was 19% down yesterday.
Very glad I got out years ago, I follow it because of the Argentina supposed payout. With Inflation in Argentina at 100+% and their history of defaulting and corruption I don't think BUR stands a chance of getting paid and will be very costly for them to try.
They presented their results without letting UK shareholders know, no warning no news for months.
I'm not sure if they are 'dodgy' or just inept, a bit of both I think

Wish I had loaded up on these a couple of years ago! Bought recently and happy enough.
Anyone got another winner?
I've taken a punt on HVO and all I can see is upside to them, niche market and they are getting a lot of contracts, no debt, expanding etc. Money Week likes them!
Jet2 seems to be flying...

BUR has been a dog since the muddy waters attack, and it seems mgt have learned nothing (IMHO), certainly as far as investors are concerned and of course general PR for the Co.
On ADFN are the die hard cult following BUR analyzing every nuance but it's always jam tomorrow and for 5 years the SP has made a loss. The New York listing has been a loss since inception.
I had a big holding around 2018 and saw the SP to £20+, then MW and it's stayed twixt 600 -800p since.
Even if they get 1 billion over 10 years is that going to move the stock to dizzy heights - I really don't know and will appreciate comments. I worry that Argentina with inflation at 100% (2 weeks ago) and their awful track record will say one thing and do another.

Just got another 6k's worth
After selling Rolls R, Indivior, Greggs, smithson (only bought these 3 weeks ago)

Tils/Accustem - a joke, waste of time

I bought into TILS, lots of press - how great the products were, loads of RNS's from the Co., share price goes up, then Accustem given as free share. Then no more RNS's, no answers on Accustem, share price plummets - I sold out, took manageable loss, then they de-list from London market. Still silence on Accustem until their Corporate action blurb on ii.
I have 3202 ordinary shares, so 1601 ADR's worth last night $0.02, so worth $32 but the conversion fee of $0.05 costs $80.
Then there's a line saying Stamp duty of 1.5% (on what ?)
Then another line 'ADR's MAY be subject to ongoing charges...may be
I think the best thing I can do is absolutely nothing, I don't trust a single word of either so called company.
This is I think a typical AIM con job, they drove the price up, sold and pocketed the money, and now trying some kind of con in the US.
I may be wrong as I don't understand what has gone on and still don't so I'm happy to be corrected.

One of the hottest stocks, a real winner so far and yet no interest here!
I came here to see views on yesterdays drop in SP however...

I wonder if anyone has an idea of the date it will list.
Thanks in advance

err, none after 2018
anyone know next results due?

Why they behave like barrow boys - anyone's guess, this OTC for Accustem is really the last straw, unregulated 'traders' who have no oversight of a controlling body can do what they like.
I doubt everything they say about all their products - liars and con artists in one area stains their whole operation, you would think they'd know that, they obviously don't care what the market thinks of them...

I've held BUR shares for 4 years, buying when I could afford to, so my average cost of shares is over £14, so losing about 47%.
Ever since the MW attack the SP has been severely depressed, usually very low volumes of trading. It's the worst share I have ever had. The main interest seems to be the Peterson/Argentina case which I doubt the Argies will pay up. No news on any other cases. The SP stuck in a rut, not surprising the market shows little interest. Any thoughts on how next results will be? By now they must have had quite a few cases close to BUR's advantage. If the results are poor - I dread to think what the SP will be. People say forget the noise, day to day movements but it's been 2 years of a low rut.

If BUR treat their clients as badly as their investors - which I'm now beginning to wonder, it would explain the SP debacle.
You'd think that lawyers and bankers would know better, but then they haven't got a bad reputation for nothing...
They have gone from hero to zero to coin the popular phrase...

If anyone can give a breakdown of what happens next it would be good to know, then maybe we can speculate about the timing if the TILS Board can't be bothered to inform us.

Hi Rokerpark68, you echo my views completely and like you I sold out yesterday although I sold the lot. The Co. now has all the hallmarks of a bad AIM Co. Maybe the products are good, but the debacle of Accustem and the SP girations and lack of news when things go wrong left me no choice. If things change I may invest again..
GLA

From nearly £3 SP to 23p, is it the same as happened to Burford Capital - a hedge fund trashed it?

Thanks youonly, that clarifies things re: reporting. The volumes have gone way down here (UK) again but as we are another 10p up it does look like the major action is in the US, but good to see buying here, I hope the road from the corner we have turned is a long one. And even if the Reddit crowd are a bit flaky I'd welcome their buying in.

I can't understand why there are no dates shown on this BB and on BUR's website for next interims. I think they have to report each quarter in the US but not absolutely sure of that, if they do, then is that published in the UK or their website? If anyone knows I'd be pleased to read what's what. I don't know either if the Reddit crowd ploughed into buying BUR in the States, that would account for the very unusual SP leap North, and of course by the Directors buying initially. It feels like some people are 'in the know' about a positive event about to happen YPF? a bit early for that I think unless the Argies settle out of court. Maybe another case...The next results and news will be hotly waited, but when?

But the market doesn't, the volumes are always pathetic, it's still in that 500 to 800 slot, never moves on, well not for a couple of years, the directors may know something good about YPF but really I doubt it...

Think unless that SP goes north, we shareholders should employ the Don to make an offer the Directors can't refuse.
My spaghetti is ready,
Happy Easter - you kidding pal it snowed this morning!