Member Info for Gtx1

A big Thank you to Sebastian marils latest twitter post, excellent sir.

GLA

That's $415 million dollars

It just goes to show us that there still is plenty of Argentine assets around if you know where to look for them, $4.15 million dollars those USA creditors have seized on Argentina in America.

Excellent work Sebastian maril.

GLA

Maril .

Check out Sebastian Mario's Twitter feed on today's meeting.

GLA

TWT, agree, the shorters have a excellent company to short in with burford, it's so complicated for the average investor that when the shares drop a lot they often don't know what's causing the drop, the accounting terminologies in the results and accounts could confuse the smartest of people, then you have the different usage of accounting words in two different countries, I myself was asked by trading 212 if I wanted to lend my shares to 3rd parties at a good interest rate, this was possibly for institutional shorters and investors in America and the uk, I ignored the request as I don't want anyone shorting burford,

It's astonishing that a multi billion dollar company can gyrate in it's share price so easily, though the AIM will cause these problems anyway, and maybe the American listed shares are following the AIM shares to often, but I guess it work's both ways going up and going down, with the American market doing the same to the aim listing.

I have to totally agree that this year will be one of the best years ever, and that's not hype at all, it's just looking at the facts in front of our eyes, yes just two months until our next set of results, also if I remember right we tend to settle more claims in the latter part of the year than at the start of the year. So it should be joyful fireworks at the years end here. LOL.

Also if we get a favourable award amount and very soon, then who knows Burford might just cash all their chips in early and grab as much money right now this year. Though they would have to settle for a lot less taking this action. If they walked away with even 1 billion dollars for us alone I still would be very impressed. Who r

really wants to hold a Argentine IOU debt right now. !? Done know what's going to happen, though it should be a rewarding and exciting year ok.

DYOR, GLA.

There is no justification for the size of the drop in the last few days, I suspect market manipulators are driving the shares down again to pick them up again at much lower levels than they started selling their shares, every 3 or so months they use this tactic to make money, and then move on to other unfortunate companies, if the share price very strangely drops or rises without any obvious reason then it's very probable they are doing their manipulating stuff. So maybe Burfords shares will bounce back to a reasonable level in the next day or so, though that could be complicated because of the judge Preska situation today, I guess we will find out soon enough if we're bouncing back to higher levels.

DYOR, GLA

Everything as expected in our results, with much more to come in the rest of the year,

Robin59 yes I could live with a 63..5 % dividend yield LOL. In our dreams we'll get that yield LOL. Stranger things have happened in the stock markets.. For the life of me I can't understand why the markets don't bring our shares up to at least £12+ pound's per share.right now. !!!

DYOR, GLA

The Burford team were very confident and positive in that last investors presentation, though I'm expecting them to be even much more confident the next time round, as they should get a better feel for what might get realised with our upcoming court cases, I'm actually astonished that our share price isn't comfortably over that £11 figure and pushing on to and over the £12 Mark and eventually heading towards that Jefferies price target of £18.20 , now if Burford can get this award sum to favour them in the highest figure and award category then they can surely think about selling some or all of the award off to 3rd parties and instantly locking a substantial figure into it's balance sheet and earnings for this year. So yes it's more than possible that we could hit £18.20 way before Jefferies expected time targets, the shares maybe basically languishing because of the time of year and fantastic weather we're getting, people are just enjoying this unusual weather, who wants to buy shares when there's much nicer things to do outside in the sunshine, how long did we wait to say goodbye to the £6 share price !!! , but we did ok, the market wants all the evidence and won't give to much for nothing here, I'm more than confident that this year will blow the doomsayers away from Burfords share price and leave us with something between £18.20 and £20+ a share. I genuinely and honestly think that share price range is a fair and reasonable amount to price our shares at in 2023 . There's not to many other shares I would want to be in right now other than holding this recessionary proof companies shares. Let's hope our BOD wet our appetite and with more good news for this year and beyond on the 13th june.

Please DYOR , GLA.

Results Tuesday the 13 th june, that's even better / earlier than we thought. Not long to go then .

GLA

The big money is pouring into Burford now, just look at the sustained big buys here, though it's all justifiable because of the massive earnings that are expected this year and beyond, if we can get Argentina into a normal legally bound requirement to post a very substantial surety Bond then they could be financially compelled to come to the negotiating table and give Burfords negotiating team a substantial fair offer , though it all depends on the size of the surety Bond required, as essentially that bond amount belongs to burford and it's other institutional investors, after all these difficult years Burford is getting very close to where it deserves to be, and that's to a fair share price that reflects its true value and potential.

Lets hope that Argentina will have to post say even a $8.4 billion surety bond, because that's around the actual settlement figure that's mooted by respected experts and also Argentina itself , I personally can't see the bond being this high though I really hope it definitely is this high, if it is as high as $8.4 billion dollars then Burfords shares will soar immediately on that news , and I can't see Burford selling off to much off this bond money because of any new appeals by Argentina, I actually think the court should make Argentina post a bond as high as $8.4 billion dollars because then they can't waste the courts time and authority with appeals that the court knows itself won't win, so telling Argentina if your that sure you can overturn the courts verdict then you won't mind at all posting a $8.4 billion dollar surety bond, so it's negotiate with Burford now or

and up having a $16.8 billion dollar full judgement award to deal with and little room to negotiate that amount downwards. So we could very well have a negotiated settlement award this year ,and courtesy of this big upcoming surety Bond amount.

Whatever happens Burfords shares are going to motor on here until we hit a share price of around £18.20 to possibly over £20+ I'm really confident of this happening this year. A truly fantastic year ahead.

Please DYOR GLA

Jefferies raises its share price target for Burford up to £18.20 from £13.70 see news to your left side above. Excellent news, thus the share gains this morning. ?

GLA

The shares are well up this morning ? You just never know how long they stay up with these shares, I hope preska picks the earliest court date , though it would be more likely she would try to accommodate Argentina because of the courts need to be seen to give Argentina every legal chance with their losing court case, we don't want Argentina to complain that they were seriously hampered in preparing their case because of time restrictions.

Big thanks to Sebastian Maril and of course our own respected TWT here for these early post, we all make little typo mistakes , though I make more than most people here,

Wouldn't it be great if preska just split the difference between the two court date applications to be fair to both parties.

DYOR, GLA.

Q1 results , surly if you know anything about investing then you would surely care about the company who's shares you actually own ? and your up coming Q1 results ? I certainly want to know and I do care as most investors care here ?

Yes that was what Sebastian maril was probably tweeting about youonly, though I respectfully disagree with your assumption that nothing will happen until the end of October , you did state here that this case can go forward without any posting of a court led surety bond , you were incorrect here according to Sebastian maril, so Argentina may have a serious problem here if they are required to post a massive surety bond, this in itself may cause Argentina to come to the negotiating table a long time before it wants too. In fact possibly very soon ? or not.

Frustrating times youonly, though my screen will stay on just like your own.

Your normally a really excellent poster youonly, though your last wasn't your very best, please don't turn your screen off ,

you may miss something good , though probably not my post LOL.

We should all just enjoy this fantastic sunny weather because Burford will do whatever it's going to do anyway.

DYOR, GLA.

Speculation around the Q1 results on the Advfn board , that Burfords results could come out tomorrow sometime.

I don't know if that is the same thing that Sebastian Maril is alluding too. Maybe not.

Gla.

Sebastian maril, = PAY ATTENTION TOMMOROW, THERE WILL BE NEWS ! ?.

Interesting , let's cross our fingers it's good news .

GLA

I'm surprised the Argentine government just didn't steal a 757 plane off their own national airline, if it's good enough for YPF and it's shareholders, oh forgot they can't take it off their own people !!! just innocent foreign investors.

Let's cross our fingers that tomorrow brings a much higher share price, and also to get that American borrowing ceiling lifted.

DYOR, GLA.

Wow, I didn't realise you could purchase a second hand 757 plane for $25 million dollars , though it shows you that Argentina's president is being careful with the country's tightly held dollars, and yet the UK prime minister wouldn't order a 757 plane for the UK because of the perception of extravagant expenditure in office. I don't think Burford will go after that specific government plane just yet, let's Give diplomacy a try first !?. we've to much money to collect from Argentina's coffers, they could create $8.4 billion dollars worth of sovereign bonds instantly after its been approved by their legislators ,with only ! the interest payments to worry about , easier said than done. They will have to stump up the nearing surety Bond money , now that's going to be fun for them to sort that one out, consider they were scraping the barrel to purchase that 757 plane for themselves, I guess it's sovereign bond time then. I actually wouldn't be surprised if the Argentine present ask the Biden administration for some kind of leniency from the American courts and surety Bond payment.

I think they definitely should reduce it , maybe by a few hundred pounds.

DYOR, GLA.

Yes I agree with you and other opinions here EXTRADER , When Argentina treats the international community like they have no rights then they just make themselves look like a banana republic, and a place that no respectable company could even do business in, it's like something out of Vladimir Putin's totalitarian state, I will do whatever I want and to hell with everyone and anyone who disagrees with me. That one extremely bad move to nationalise YPF like that done incaluable damage to Argentina's reputation and to scare any other investors away from investing into anything that's associated with that country. It actually would have costs tens of billions in lost foreign investment into that country over that particular time period to this present day.

So Argentina this is your big chance to show joe Biden / America , and of course the rest of the world that Argentina is a place that can be commercially trusted because your government's will respect all your legal obligations from around the world bar Russia.

And as TWT states it is good to show how much in trouble Argentina is, one of the main and biggest problems with Argentina is the stability of the Peso, and that can't be rectified until Argentina stops behaving like a banana republic with its cavalier attitude to the foreign commercial corporate world, how else are you going to get foreign investment into the country, I'm hoping that Argentina will be grateful for America's influence with the world bank in them getting better access to those billions of loans for Argentina, with the pay back being Argentina should respect the American court system and any unfavourable judgements against Argentina. As I've already stated the other day I'm convinced that Argentina may have to deal with this bad judgement against it earlier than it would like to do, and possibly even maybe in the next few months.

Whatever way this YPF case plays out we can be sure that Burford will still turn this current year into the best year ever in just ordinary earnings terms, it certainly has me excited about every earnings period.

DYOR, GLA.

Excellent post xtrader, though I think you've misunderstood that part of that small sentence, taking my post

In its totality I'm actually backing up what your actually emphasising in your own post, there's no defending Argentina here at all, what I'm actually saying is that Argentina scored a own goal against itself by having to legally admit to the actual liability of the YPF case, and in doing that it essentially told preskas court where they themselves thought that timeline of re-nationalization took place. and placing their own liability where Burford wants them too. It's like someone admiting they are guilty to the police and then a judge has to formally put them through the court process to officially find them guilty of what they've previously admitted too, for me it's that clear a scenario.

There's no guarantees that it will turn out this way, though it's as close as it gets to telling Burfords that they owe Burford $16.8 billion dollars.

Argentina is a fantastic country with a abundance of natural resources, though it's crooked political system has let it's own people and commercial enterprises down spectacularly, thus the mess it's in now and indeed for a very long.

So EXTRADER we are essentially saying the same thing but just in different ways.

DYOR, GLA.