RE: Right direction2 Apr 2023 18:55
The share price could easily end up at well over £12 tomorrow night in America, the astonishing thing is that the shares are even worth more than £12 right now when this year's ordinary earnings get laid out.over the 12 month period, so still this YPF case win is still even now in the share price for nothing, the share tipsters will at some stage highlight this opportunity,
The YPF win is still hard to judge in terms of it's eventual payout , it normally takes around 3 months to conclude any negotiations around a negotiated payout, and that's when when the Argentine state even agrees it will payout, we have another 2 weeks for Argentina to decide on it's course of action, IE , appeal the YPF case with a heafty surety Bond, or start negotiating with a reasonable settlement figure in mind over a 3 months period, and with a payout likely in early 2024 or sooner,
Sebastian Maril indicates either a lump sum or instalments over a ten year period could pay our settlement money,, I think he said that burford doesn't need the money and Argentina hasn't got the money right now, I beg to differ that Burford doesn't need the money right now LOL, though I understand where he is coming from ok, though Argentina definitely doesn't have the freed up American Dollars to pay us straight out of their coffers, as we've seen Argentina is forcing their own state workers to sell their American bonds and to buy Pesos, to bring in more dollar denominated currency into the country, !!!
Though I have to say this, Argentina can easily print off. $ 8. 4 billion dollars of its own currency in sovereign guaranteed bonds, and then it only has to worry about paying out the high interest payments on these bonds, easier said than done, I myself can see the merits in taking instalments over a 10 year period , yes it's tax efficient ok, and ideal for Argentina, though only if you know that Argentina won't at a later date ask for another negotiated deal on the bonds and interest payments, Argentine history tells us to get all our payout money into dollars ASP and bank it instantly, and then watch all the other Argentine bond holders sweat over getting their interest payments from the Argentine state with the bonds fetching around 20 cents to the dollar,
Tomorrow morning will be interesting and exciting, we know its going to go up ok ££££ , wouldn't we deserve it to go to and well over £12 a share, as I've already stated above £12+ and the YPF money is still being given away for free here to any canny sharp eyed investor. Good luck whatever you decide. Buy or just watch.
Please DYOR.
GLA