RE: SELL SIGNAL17 Aug 2023 21:50
Totally agree JC, the reason the Britishbulls.com should especially be ignored is this, no.one outside Burfords boardroom knows how good our next set of results are, they could easily come in at a historically high, and if not then I'm quite sure it will definitely be our end of year results that delivers a historically high earnings result for Burford, one of these results should truly catapult our shares much higher,
Then we have the YPF settlement award coming in around September, with Argentina already acknowledging they have to at least pay Burford around $5 billion dollars, though most likely much more than that amount.
Now here's a the biggest reason not to sell our shares right now , its this, it just takes one interviewer to ask Javier milei what does he intend to do about paying adverse foreign / USA court judgements against Argentina ?, Will he honour the American court's , as he wishes to dollarise Argentina, and if he says he will respect and pay foreign settlement awards then Burfords shares will probably double in price, that's the risk that britishbulls.com company are giving its investors, if he just utters those few words to the media , WE WILL PAY UP OK, then it's to late for any investors to get back in and double their money from that news,
I suspect our shares are typically as others here have indicated / JC himself and others , that our shares will probably tread downwards with the long wait on the settlement amount being released, and also this wait being exploited by the market players / small investors and short sellers, never mind the market trying to second guess what Javier Milei will even do once in power. This situation is perfect for some people to exploit, though I will say this again, just a few words from Milei about paying court judgements and brithisbull.com will have EGG on their faces with this one and also cost their investors a fortune in the medium to long run , put your money on and take your chance , yes the shares may drop again going by the American share price, though it will only be a small temporary drop until burfords shares fly when we get our next earnings call and our YPF settlement amount, throw in javier mileis answer around our settlement award and we should be well in the money here, remember the IMF have scheduled in a online meeting with milei to find out what his intentions are around fiscal policies in Argentina, as they are lending tens of billions to Argentina, and it seems that mileis course of action in power is actually even more stringent than the IMF had asked for, so the point I'm making here again is that somebody will surly at some stage ask milei about his views on honouring foreign adverse court awards, if he say we will as I expect he will , then we are seriously rich holding Burfords shares.
PDYOR, GLA