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TWT , genuinely good on you for making a profit wherever you can, though for anyone to go this short trading route it may possibly be financially short changing yourself, IE if milei at any time in the next month or so comes out with a offer of this perpetual bond paid from a special tax revenue stream , then our shares could really fly upwards here. That's what Milei says he's working on, and that profit you made may pale into insignificance to what you might have earned by sitting tight with most of your shares intact, we place our bet's and and take our chances here, sincerely good luck to whatever way you wish to make your money here. Absolutely anything can happen here when investing.
GLA
Just look at what milei stated just recently in a interview regarding him complying with the IMF agreement.
( In a recent TV interview with La Nacion, Milei said the IMF will support his austerity-driven economic plan.
“The Fund sees us as heroes,” Milei said. “We’re working to comply with the agreement”. )
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My point being is he's also working equally as hard at complying with Preska's asset pledge agreement and in the form of a very possible perpetual bond, paying out on a unique tax revenue stream,
Someone like milei is exceptionally hard driven to go after exactly what he wants, and to get what he wants he must comply with Preska's court led asset settlement pledges/ in one form or another, just look at how determined he is to sort out the IMF problems, that's why I'm really confident milei will sort out our multi billion dollar settlement award .
https://www.batimes.com.ar/news/world/imf-to-visit-argentina-amid-expectation-of-new-agreement.phtml
GLA
Sit tight no matter what the yoyo share price does in the short term, that we enigmatic Javier Milei president will come through for us ok to offer a very financially rewarding pledge or offer to burford,, though only because of his absolute need and determination to align himself and his country with the American courts systems and commercial free markets, he needs America and we need his soon to be announced pledged settlement revenue streams, I'm 100% confident ok, any man / president that can hit Argentinas congress with around 300 eye opening emergency presidential decrees can certainly come through to sort out our settlement award pledges , Burford will get $$$ billions here. This huge amount of money and liability has been clearly and politically accepted by the Argentine state. Sit tight I say.
GLA
Well Milei's going to have to do some financial and political gymnastics to get this perpetual bond off the ground before preska's deadline, he could come up with something , though what would get Burford interested would be some upfront large payment to soften the blow of a very unusual idea of receiving a riskier income tax stream from a country who's history indicates a changing of their priorities around what they can afford in the long run. We have very few options other than to seize assets worth less than any reasonable lump sum, and that lump sum will get seized on by Mike's opponents to whip up support for more angry vnational protests, so it's get what we can get ASP, and continue diplomatically pushing for our full settlement amount.
GLA
Right now it is a defining moment that determines the outcome of our big YPF case, Javier milei is obviously up against it with his monumental amount of very risky presidential degrees, if you're telling your voters you won't now be paying Just 15% for oil and gas and you'll be paying close to if not the full open market price to light and heat your home up then your voters will truly feel the financial pain ok, throw in much dearer groceries and it's only the wealthiest left to vote for milei, it depends if milei can show something positive and tangible to his voters to accept this financial pain, that maybe impossible in the short term,
For Burford milei and the pledging of substantial assets is another equally big hill to climb, I understand everyone here who thinks it's a smokescreen or more sickening delaying tactics, some of which could be true, but only in as much as milei's really desperate here, I genuinely believe that if milei had $16 billion or a equivalent politically unencumbered asset to pledge , then he would pledge that asset, it's difficult for milei on every front, at the same time if he wasn't up against a American court led pledging of assets determination by preska , then he wouldn't give a absolute dam about this settlement money for another few years of delaying tactic appeals, that's his legal prerogative here, but Burford has a legal prerogative here , and it's to utilise preska's January deadline pledging of assets to its maximum, and the only or best way to utilise this situation is to use the power Burford has with preska, and that is to genuinely negotiate with Burfords lawyers
So they can see the whites of their opponents eyes and separate fiction from reality and establish what exactly can both parties accept in compliance Preska's assets pledge, what we ideally want to avoid is a pledge of a tax revenue stream attached to a perpetual bond , as that can be taken away at anytime by emergency presidential degree, in other words they have us by the short and curlys, and we are dancing to their tune, yes we can sell it , but at what price ? 50% or less,
We may have no real bankable alternative to milei's perpetual bond, so it maybe some kind of other safe guard to this bond is needed, IE another country guarantees this bond / saudi Arabia or dare I say it bidens administration itself, essentially we need a guarantor for milei's plan before he gets burnt at the stake in Buenos Aires, so Burford also must help milei here, there's no use screaming for our settlement money, it's better if we work alongside milei in some way , that way he has one less enemy to deal with here. We help him he helps us, it will be a eye opening interesting new year .
just food for thought. GLA
It's simply as I thought a old interesting ??? article with a picture in it that highlights Bogarts sumptuous NY home, the article is of no importance at all right now,
It's about his house nothing else at all , sorry my fault.
GLA
Another thing just look at Christopher Bogarts upper NY sumptuous 6 bedroom mansion with its heart shaped pool,
good luck to him he's worked hard for all the wealth he's created.
https://www.thisismoney.co.uk/money/news/article-7367263/Burford-chiefs-fire-secret-payouts-Just-extracted-legal-firm.html
Yes those sysco transfers to Chicago are really about just consolidating the same anti trust cases into one big case to save time and cost of essentially the exact same commercial antitrust legal failings , and with the same amount of damages in proportion to those financial losses by sysco and others.
This whole case is already settled in as far as all or most of the company's that have broken the law here have already accepted they have broken the law, and some have already paid very substantial compensation to plaintiff's/ sysco types of companies, it's all a done deal bar the negotiations around the exact same of compensation, that's why Burford kicked off big time over sysco settling for less than those other companies, though its worth remembering that the other parties who eventually settled took around a year to settle even with the help of a judge and the courts mediation systems. I wouldn't think it would take the same amount of time as essentially the losses and compensation calculations have already been established and agreed on by the first class action or previous court case, ours really shouldn't be any different at all, bar our defendants / the paying out party trying to stall this case because Burford & sysco have created another legal entity / "carina " , they did contest this new company being created or happening , I don't know the outcome of that though a president had already been established and accepted in other courts around this exact type of arrangement, so maybe it's
Full steam ahead now, Burford have pumped $140 million into this class action in around 2019 , so I would expect it had initially expected this to conclude last year , and it failed because of the sysco's fly move to settle for less than the previously accepted settlement amounts, so because of this new delay and I guess extra cost for Burford then sysco have just given away to Burford practically all syscos potential settlement awards , make no mistake about this case , this settlement award and case is money in the bank for Burford shareholders, this whole saga has been accepted as a loosing court case, so it's a legal pantomime being played out to negotiate the final accepted amounts by all parties, those financial
figures have been established and what we're seeing now is what will Burford and other's accept now for no more years of court delays and hold backs , I'd completely guess that Burford could make as much as $200 million dollars on this case,+ there money back. They typically like to double there money on these types of cases plus extra money for extra time on these cases, it's genuinely bankable money at this stage of litigation, it's practically the same as the diesel gate lawsuits that are in the court systems right now, / money in the bank.
On a separate note
Preska is expected to release the 170 Jeffrey Epstein names today, I think seb maril might get those names ASP, so watch his space tonight
Malc999uk - I'm mostly quoting other people's expectations and not necessarily my own, for instance it was the president of Argentina himself Javier Milei who recently stated Argentina would pay back it's debts and he specifically mentioned Burfords settlement amount of $16 billion dollars after being specifically asked about our court awards, I had always understood that it was expected and customary to negotiate such high awards downwards by even as much as 50% ,
Though there were many posting here who refused to accept this type of thinking, and when I actually thought about it ? Why should anyone accept such a monumental massive reduction of $8 billion dollars from their court award !!!,
The normal reasons for reductions are for a early settlements and to avoid several more years of even more expensive court led litigation lawyers fighting, so where does that leave Burford right now, well I would imagine Burford just wants to extract as much out of Argentina's coffers as it can before any more financial instability hits milei's administration,
This is also a commercial political we dance or game going on here, because milei really can't afford to or more importantly not pay his country's commercial or otherwise debts, he's desperately trying to change the world's perception of Argentina by paying its statutory Bill's and also get enough credibility with the American legislators to dollarize his economy, he can't achieve this if he doesn't pay Burford there settlement money, so now the table has turned somewhat in Burfords favour , why should they now accept less than $16 billion dollars, sure that's the original money lost plus the agreed interest rate on that money as stated in the YPF by -laws of any re- nationalization,
Burford is in a really good bargaining position to extract the maximum amount from Argentina,
Though in reality I simply don't know what they'll negotiate or settle for when Argentina & Burford eventually do their we negotiating dance , but what I am definitely expecting is that Burford will walk away with several billion dollars in the bank and a accompanying much higher share price, be that tomorrow or next month or even year. It will in all likelihood happen ok. Our shares will always fluctuate while all these variables play out in the world of investing, politics and wars.
Everything is magnificently moving in the right direction for Burford to substantially reward it's shareholders for their many years of patience and loyalty. I can easily see very substantial compounded growth coming in the next year or so, Burford is the place to invest right now.
GLA + ,PLEASE DYOR.
Worth highlighting this Jefferies analyst .
President Milei is exactly what Argentina needs to rebuild credibility in the international credit markets," Chris DeMuth Jr, Partner of Rangeley Capital, told Seeking Alpha in an interview. "He intends to pay his debts. This is ideal for Burford, but also good for YPF and Argentina generally. I am long both equities and helped finance this litigation so it is great news that he has a plan to solve this situation.”
A Jefferies analyst wrote in September that Burford's exposure to the judgement is $6.3 billion of the total award, or $28.77 a share. The real issue will be collecting the damages from Argentina.
So that is £22.48p Stirling , that will do me nicely, + add on the remainder of this year's earnings and who knows what our share price could end up at here. Looking good,
Full article,
https://www.msn.com/en-us/money/markets/burford-capital-jumps-on-report-argentina-considers-bond-to-pay-for-16b-judgement-update/ar-AA1m6g5y
GLA.
We are currently only valued at £2.64 billion with a settlement pay day confirmed by Argentina's president of £4.712 B Stirling to burfords payday alone , so Burfords share price valuation should eventually get to around at least £6 billion Stirling , that's a long way to go in a share price rise considering Argentina's president is determined to make sure the world knows Argentina will.pay all its settlement awards and debts to the world.
Bluewiley your post nearly had me reaching for the Argentine emigration forms LOL. It really will be a fantastic country when it gets itself sorted out and uses its national natural , to there maxim.
extrader my guess has always been the Saudi regime always being our SWF funder , as they are simply drowning in Dollar bills, so much so that they struggle to know what to do with their money, nice problem to have LOL.a
extrader Sebastian maril needs to be specifically asked for his expert opinions on all these subjects by the Argentine government, as usual governments make horrendous financial mistakes with tax payers money, when will governments have a council of expertly proven Top business people on their advisory panels to make the best financial judgements for their respective countries, IE, Alan Sugar types etc, people that can see through the Bull S*it and save the tax payers billions,
Right now our shares are still ridiculously lowly priced and yet we've a near virtual guarantee to at the very least double our share price from the settlement money from here onwards. You couldn't make it up .
Roll on milei's pledge to pay Burford all its settlement money.
Fireworks will be rightfully so let off over Burfords headquarters early next year .
This is a truly fantastic ending of 2023 and starting of 2024
GLA
Remember , just think of the high interest rate our bond will attract and the size of the bond and also that interest income is perpetual, if Argentina can get on their feet economically then this money can easily be paid by them, there's never been a better time to exploit and sell Argentina's natural resources / lithium, oil , gas, and numerous types of their earth's natural ores, plus the billions of dollars of food grains, throw in multiple new multi billion dollar company investments into the country and milei just might succeed in his plans, he's just sacked Seven thousand state employees to save money a and wastage on the state coffers, this is money saving music to the IMF ears, he will then get better terms and more money from the IMF in the future, there's risk ok, in my opinion he needs to pull in those billions of dollars under mattresses into his banks with a general amnesty to any hidden dollars in Argentina but especially hidden abroad. That in my opinion could truly ignite a massive dollar led consumer spending spree in Argentina with a follow-up tax bonanza for the Argentine tax system. So in conclusion what iI'm saying is if Burford had a settlement bond paying say a 9% percent interest rate paying Just burford alone around $540 million dollars per year and in perpetual payments, and with no selling on , would that be a bad thing ? Or sell a Portion of that on ? whatever route Burford takes here we are significantly in the money here with a corresponding share price to match our new substantial income stream. 2024 will be incredibly rewarding.
GLA
Well it looks like a completely separate special type of payment instrument -bond that gets serviced by a special tax named after the idiot who thought Argentina could get away with not paying off all the YPF investors, milei tells it's voters this is the stupity of the previous administrations blunders and liabilities, and he's getting stuck into getting it sorted out and jump starting the Argentine economy to get foreign investors back into the Argentine economy and hopefully help to pay off their special bond in it's entirety.
Judge Preska will hear of this genuine official acceptance of Argentina's $16 billion liability and milei's intention to pay, and
She will now treat Argentina with less ambiguity and allow milei the time he needs to fulfil his statutory financial obligations to burford after he's now openly expressed to how he will pay the $16 billion dollars to the worlds listening media.
GLA.
Another thing , anyone even attempting to short these shares right now could easily get their fingers badly burnt, because any more information coming out from Mike's office could easily make our share instantly double even from our current share price, we are seriously in the money here LOL, what absolute brilliant news over the Xmas period.
GLA
Remember Javier milei has just told the markets our shares are worth a £6 billion pounds Stirling and that's after tax is paid, it will be interesting to find out exactly how this gets translated into our share price and valuation.
GLA
And to think they were all saying it would take many many more years of litigation and waiting before burford collects on this one, the Financial Times, investors chronicle , they all said it, and yet milei is giving Burford a new year present of billions of dollars and not avoiding paying out here for years and years, also a big thanks must go to judge Preska's fantastic handling of this case, if milei can be this decent and spot on with this call on this problem, then maybe he will be spot on with his prescription for the Argentine economy, also Sebastian maril's following of key information and take on this case was and still is of a exceptionally high standard, thank you so much sir for all your really hard work and dedication.
GLA
Just look at our share price !!! Investor really just don't understand the massive implications for our valuation and share price, and they've heard it from the horse's mounth , milei the Argentine president has formally stated burford will get paid its $16 billion settlement money from a special tax designed to let the Argentine people know who caused this appalling liability and serious Argentine debt, Burfords shares should be at least doubling in price ahead of this formally getting paid out by Argentina.
GLA
So according to my old and I believe accurate valuation of Burfords getting $3.123 b from Argentina after a 50% settlement haircut , then it's now double that figure to $6.246 billion minus a 20% corporation tax charge it leaves Burfords with
$4. 996.800 b
So roughly though reasonably accurate Burford could collect $$$ four billion nine hundred and ninety six million and eight hundred thousand dollars.
That will be fantastic news for Burfords shareholders , with Javier milei the president now showing in substantial money terms him putting it out there into the world that Argentina will live up to its legal and financial obligations , that will really go a long way in reassuring the world's commercial industries to do more business in Argentina, and that should substantially bring in more tax receipts in the coming years. If this doesn't get reflected better in Burfords share price what will ? Because it's like be pledged a monster sovereign check that just needs cashed or traded in for another currency,
I'm absolutely thrilled to here that news, thank you again for presenting that new information here this morning TWT.
GLA
Let's see if this is any easier to read.
https://www-lanacion-com-ar.translate.goog/politica/javier-milei-adelanto-que-planea-crear-una-tasa-kicillof-un-impuesto-para-pagar-los-us16000-millones-nid26122023/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp