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Excellent find TWT.

Youonly practically word for word I couldn’t agree with you more, it never fails to astound me that Burfords shares are not already sitting at £12+ , even before any possible adverse YPF result comes through. The attraction is Burfords basic business model and earnings power from its massive deployment money. The market quite often prices in future earnings, so I personally don’t see a temporary 60% downside from today’s low current share price over 12/18 months, more like 2/3 months of a temporary downside, also Burford should get a huge amount of extra work from a recession. Yes it’s a definite WN WIN here ,

TWT your bringing these to our board so thank you very much sir,
Sebastian Marils excellent written report is very fair and unbiased and all round brilliant piece of journalism .

Judge preska in my opinion should rule with very serious references to Argentinean bylaws and the rights and wrongs of their bylaws in relation to the overall fairness to all parties concerned, though ruling in favour to the innocent investors that have suffered a financially loss, Argentina may have some points in there bylaws ,though they should have clearly pointed this out to investors in the risk documentation when placing the IPO and shares, when listing on the American markets, no sensible investor would buy shares that could be retaken by its mother country / Argentina without any compensation for that financial loss, the presidentence that would set would be ridiculous to any country or sensible investor, innocent investors must be protected at all cost from Argentina or any country that wishes to effectively steal innocent investors money,. That should be Judge Preskas main aim, and referencing the rights and wrongs and conflicts of interest caused by the Argentinean and American bylaws, the overarching ruling should be about loss and protection of innocent investors and clearly stating that any bylaws failings is the legal mistake of Argentina itself and they themselves should compensate for any losses for that monumental mistake, they did it with repsol and that $5 billion, that was because it was the fair thing to do at that time, and now burford wants that fairness extended to its own shares and lawsuit,

I agree with TWT, burford might/ should sell another portion of this case " after " they win this case, and lock some more profits in, they should be free from any undertakings not to sell below 50% "after" our nearing win, that's the sensible thing to do.

I'm not holding on the assumption that burford wins this massive case, it's on the assumption that burford makes the money it states from it's deployment money and business model, yes this case has confidence implications for burfords investors, but that's normal and understandable though it's only one big case out of thousands that can cost the same amount of legal cost, when we win , I'm expecting burford to sell large parts of any settlement award at another discounted rate to 3rd parties ASP , bar any appeal by Argentina. That's inline with burfords past sensible lower risk strategies . Strip out this one big YPF case and burfords shares are still today ridiculously lowly valued.

again , A really big thanks to Sebastian Maril for his excellent written YPF report.

Just another very important thing that was missed by that author, Argentina as I've said before should have a$ 14+++ billion dollar surplus this year courtesy of the oil gas, but mostly the very high grain prices , and that could easily head much higher, so Argentina may have room to manoeuvre in paying any settlement payments. and that should keep them happily trading with America and it trading partners.

TWT you came up with 4 ACES with that brilliantly written report, thank you for that sir.

It's very fairly written and easy to read, though the bits around the Argentinean complex bylaws are difficult to understand in relation to there exact timelines or chronological importance , that in itself is the reason we needed a new york judge and court to administer legal fairness around these grey area's of legal interpretations, as Argentina's judiciary could get leaned on by its political establishment to rule in Argentina's favour.

The summoning up of everything seems to indicate a overwhelming need to protect innocent American and otherwise investors from a legally reckless past and future Argentinean regime and it's sense of fairness and decency , and I agree with the authors thinking, America has to give Argentina a sharp legal judgement shock if it doesn't settle this claim then the American courts and then SEC the NYS legislative body should be used to stop any Argentinean companies from listing or trading in new york or anywhere else , and burford is best suited to help and achieve that aim.

It looks a done deal bar our settlement collection, and as I've said before a multi year payment schedule for Burford might take the heat off the current Argentinean regime and it's hope to get elected again.

Argentina is trading on a wing and a prayer here in court and with old Argentinean bylaws , and all to just stall stall and more stalling,
Judge Preska should be legally fair to them, though most judge's would favour legal commercial share law fairness over suspicious old or quickly made up grey area Argentina bylaws.

Excellent read, and I noticed it said we anticipate Judge Preska to order both defendants to deposit a guarantee in an ESCROW ACCOUNT.
Burford will win because it's the fairest and most responsible thing to do in relation to the laws of commercial contracts in America , the Argentinean bylaws were thrown into the mix to muddy the waters of American law and fairness and slow this whole process and case down.

GLA

The reason I feel judge Preska may issue the order for a massive surety bond to cover our potential multi billion dollar settlement award from Argentina is that Argentina is a sovereign state with many legal protections against its foreign assets, and with no real legally backed up court room clout to make sure Argentina isn't just stalling on any potential settlement money, if Argentina is really serious about paying for its legal liabilities in America , then Judge Preska will know quite quickly from a potential Argentina's surety bond request to weather or not they are respecting the court's judgment and determination in respect to any potential billion dollar award , judges preska doesn't want her time wasted any more than Burford does,

I don't think there are to many avenues to enforcement here, simply because of the size of potential multi billion dollar settlement amount, it's my guess that the potential win and huge settlement amount would be so high that a nicely nicely expert courting strategy and approach would be our best bet to give them a good discount on that potential billion dollar settlement award, we have those experts in-house at burford, there's no point in being hostile approach as it would only delay things, and if that fails then obviously respectable political strategies would be more effective here,

Argentina doesn't have to many billion dollar assets in America to seize ,or none that I've seen , or any that could pay for a billion dollar settlement amount, and with extensive sovereign wealth protections god knows how long any new litigation would take to grab anything they own. So it surely has to be a natural diplomatic approach to getting that money ASP,
There can be pressure put on them from the American establishments with all their listed companies requiring approval to list and raise money to develop their assets, and that's what the new Argentinean regime is after right now, world-wide commercial acceptance, and that can only happen if Argentina respects other countries laws and the legal obligations to other countries, thus we should get that potential win and settlement money at some stage of this court case,

So judge Preska may need to know if Argentina will pay up, burford will remind her of that , or she should ask Argentina for some kind of surety because of the size of the settlement amount, even for the full court cost to be covered by the losing party/ Argentina. It will be interesting to see how this all plays out in court and the media. It's just my humble opinion right or wrong, I respect everyone's different opinion here.
GLA

When we win the YPF case it's most likely judge preska will instruct the Argentina's lawyers to post a very substantial surety dollar bond if they want to appeal our nearing YPF judgement, new york isn't to my knowledge restricted to the size of bonds like Alaska and the other small number of USA jurisdictions, I've a!ready seen these bond instruments used in new york to very good effect, so we should know very quickly after the YPF judgment what Argentina's intentions are, if they try to delay with a appeal then Judge Preska will knock that one in the head very quickly with a multi billion dollar surety bond, though if Argentina says they can't or won't pay up, well that's a entirely different thing, burford would be best to initially seek the help of American politicians and the political network, they should or would bring a huge amount of political pressure on Argentina to pay up, if they want to allow their Argentinean companies to avail of the American stock markets and financial firing power, and just like repsol did in spain, the Spanish regime got them to cough up that $5 billion dollar settlement money, there's no point in trying to go after Argentinean American assets in America they're not worth to much, and with any sovereign wealth protections that would take millions $$$$ and years of litigation to navigate through to probably get nowhere, the new Argentinean regime is much better than the older one, I was talking to a Argentinean woman yesterday she was telling me her country was badly corrupted with huge amounts of the countries assets sold of to China and Russia, and other's, countries, ripping the heart out of the country and leaving little for it's very own people, corruption is rife there, she left Argentina.

Are YPF case looks excellent from were I'm sitting, we will win ok, and the potential drama around getting our settlement money should be a worldwide leading tabloid headliner. with burford picking up the settlement money and investors basking in the glory of being canny enough to hold burfords shares and multiplying their money several fold.

Sammy that was a good read, thanks for digging that one out sir. Very informative.

https://topforeignstocks.com/foreign-adrs-list/the-full-list-of-argentina-adrs/

Here's a complete list of Argentinean companies listed in America with ADR's + of course YPF

now how can America allow these companies to continue listing and availing of the American money markets and share buying institutions and of course the general public,

Right now today Argentina at any time could actually legally chose to seize any of these companies and shares without proper and full compensation to all their shareholders, because if they don't settle burfords claims, then that's exactly the same as saying Argentina can do exactly the same thing to all these companies at any time and without their shareholders having any redress in American courts,
That simply can't or wouldn't be tolerated or allowed by the American courts or stock exchanges in any jurisdictions in any part of the world, and that's why burford will win and collect billions of dollars from Argentina's own self made commercial fiasco.

Also I've no doubts that the murmuring coming from our own YPF case lawyers will get wispered out to our top management / directors around any tentive low settlement offers, this would be normal in a case like this, though not any type of concrete offer you can count on at this stage, just susing each other out, that's why burford are buying our cheap shares along with our management, and yet our normal future profits alone could justify all that share buying this week.

Sammy it's very very difficult to seize a sovereign countries assets unless your a international law enforcement company, and burford knows how to play that game, though also burford have world leading experts in nicely nicely negotiating to get a good result for us, and if that fails they will definitely have a backup plan .

I don't have a legal background though I do know that there are restrictions on any country trying to grab another country's assets, once your sovereign you have extensive legal protections, though when it comes to pay up or it will cost your country even more by way of punitive trade restrictions then it's nearly always cheaper to pay the lowest monetary sum of money. That being our near certain settlement award.

Sebastian maril is right the Argentinean regime has increased its dislike to America in the last few years, there's no love lost there, though I would be confident burford should quickly retrieve all its legal cost from Argentina , which runs into tens of millions,
But for Argentina to not negotiate on any possible YPF settlement award would or should have a very overarching negative effect on Argentina to trade in most countries, America can easily convey this case to any other country or company wishing to do business with Argentina, thus hindering anyone or any connected parties doing business with that country. That could cost Argentina much more than a few billion dollars, settle up Argentina and move on I say.

From Sebastian Maril twitter.

Reading the new arguments of the case for the expropriation of YPF at 3 AM
The ruling , no matter who it favours , will be epic,
The magnitude and scope of the charges , together with the defences , place a superlative responsibility on Judge Preskas shoulders.

I strongly believe burfords short term future earnings will be between $1.40 to $2 giving a low share price of around £14 to $20 dollars that's before any huge YPF settlement money gets added on here, so today's share price is a unbelievable give away, that's why burford are snapping up our cheap shares for Burfords employee share plans, brilliant move on burfords behalf, with the directors and chairman also snapping up these cheap shares before they shoot up to a much higher level, the directors and chairman are in the know, burfords earnings should rise very significantly in the coming months and years, follow the money .

I'm with ffc and others, I'm a sitting tight with my shareholding , and for the long run if not for good, I'm confident burford will surpass any high it hit in pass years,

Sorry that's one of those links that you can read once and then you have to pay for it if you read it a second time, !!

Maybe this will throw some light on that settlement, it seems there was also Spanish political pressure on Argentina at that time, so you can imagine the trading pressure America can bring to the table in our case, or not. The difference is burford is already in profit, repsol had everything to loose then. I think judge preska will award $12+ billion dollars , and a negotiated 50% quick settlement reduction, but to be honest anything over $1 billion dollars would make me happy and beyond that amount very happy, to make that amount from a $15 million dollar lawsuit purchase and obviously large legal cost is excellent in my view. and as Sammy says this will be on every newspaper headlines in the world.

https://www.nytimes.com/2014/02/26/business/international/repsol-said-to-reach-settlement-with-argentina.html

I myself have a diesel insignia and my claim is well in, hopefully I’ll get a few pounds for my troubles, these huge class actions are very very common nowadays, Burford I think is backing a £14 billion class action against a major credit card provider, sammy if I’m wrong let me have it with no restraints LOL.

Sammy I genuinely can’t see that link on my mobile, it did mention Burfords class action in Germany and uk, I’m on the move here, though I accept what you say that Therium were the main backers of the uk diesel gate class action and that £193 million is not associated with Burford, I stand corrected sammy, and I apologise without any link backup here. I’d rather be accurate than give fake news to anyone here.
Apologies to all.

Sammy with a quick Google you’ll find out it’s not fake news , no apologies necessary.

Also Burford capital is the main backer to the Volkswagen Dieselgate scandal, which was settled £193 million this week in the uk, another nice winner to Burfords coffers, isn’t it a wonder the directors are topping up. There’s so much good news on the way I’m surprised our directors are not remortgaging their homes to buy more shares.