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Fair point TWT regarding being long .. I guess I’m annoyed at myself as this was predictable after the YPF conclusion. The next time there is an investor Q&A I’ll ask the question if it’s not been asked before..
Glad I’m in this.. plenty of cash coming on - we all now pay for our holidays upfront … Mr Buffet did well with his first acquisition because everyone paid for the insurance premiums upfront… same old same old
Mr Bogart last Thursday “best year ever” .. SP down day after day… why?
Unfortunately my point stands - We have been told we are not going to get an RNS that updates the market on any positive (anonymous) case progress … thus we sit and wait for the next RNS announcing the Q3 trading update whilst the SP falls again as it always does … The best of the best lawyers seem blind to how the markets work.. the dropping of News or potential news at anytime strengthens the SP! Stating we will not provide any news on case progress weakens the sp..
TWT
I’m still invested and yes I will keep topping up and I’ll be looking out for LIT results but not invested. I’m still confident that BUR will hit £20 early ‘24 however I do believe irregular updates will encourage stickier investors..
The point I made a few months ago about the lack of updates outside of regulatory news is being discussed on the blue board. LIT finance without naming case names is proof irregular anonymous case updates like this works as nobody sells in case they miss the news!!
Currently we get no updates re progress on cases with the exception of YPF. Thus you may as well sell after each trading update as no reason to hold as there will be no update out of the blue and wait until the next update is due and buy at what is usually a big discount. The problem is LTH are penalised as we hold. Mr Punter shareholder would not sell if he thought an update can land any minute but Mr Bogart has stated this will not happen. We LTH hold through to the update.. price rises.. update arrives price falls … update due… traders buy in … price rises.. update lands traders sell price falls rinse and repeat!
Mt Bogart Mr Molot … I hope you hear us
I agree with the lack of strategy content and Kelso picked up on it - the last AGM when asked about making sure he looked after shareholders interests he slightly corrected himself and today he was going through the motions as was the rest of the board… They definitely have a strategy but do not want to share it yet
Glad you made a healthy profit TWT and nowt wrong with turning it into cash. I listened to the presentation live and will listen again but the message was we are only at the beginning … I guess Time Will Tell 🤣
I’m expecting nothing spectacular but the “Jam’ to be within touching distance. Q3 and Q4 is going to be where it’s at.. my hope is for a surprise!
Ill be happy with the price to stay at this level and start to move upwards again over the next few months and maybe some director buys in the coming weeks..
Surprisingly the chatter from the boys on the blue board and Seb is about the Argentinian Press and the headline numbers of $16n and the $1bn+ annual interest rate and the the need for the country to do a deal - the hopelessness of fighting is been vocalised ..
It closed in the US at UK equivalent of £12.70 so no surprise we are at this level today I expect a few US shareholders will also be cashing in later this afternoon. I will be adding again this afternoon.
This is my largest holding and I believe we are only just getting going and very good value.
Well done to all regulars and long time holders..
I’m standing by £20 by Feb 24! Hopefully before Christmas. Wednesday is the next big event.. I’ll be comfortable if we are around this level on Friday but fingers crossed we see real improvement in cash and then we could be £15+ by Friday
Well said BBH … it’s all there on the web! There is an abundance of quality information and analysis covering the for and against case of BuR .. I first bought in 2020 and have been adding ever since… If you know you know 💥
FFC - I hear you regarding we won’t get full value which is likely why it could happen. I think the market has a lot to digest and early next week will be subdued in terms SP as all eyes will be on Wednesday me thinks..