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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

II LOST FROM MY PREVIOUS POST

HAPPY NEW YEAR TO EVERYONE POSTING AND EVEN NOT POSTING HERE. GLA

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

Excellent find TWT, here's a bit more to your very welcome story.

html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&guce_referrer_sig=AQAAAETPIRmmrm49V0qsYcCIu7npcDekHT-IxQJ_hZGyKGEbpM2mqYJn_dThU91xTOGUIomg479vgoERercDFOLhBCFd3SBZ4-tcxbwH_vyUjlMQiy7Cn2dLocfbO305EsLc8qftniAvbrEIicCMA88LLjLO_MYqmqrvC8Q5VhJilWcp

GLa

Happy Christmas everyone LOL, milei does seem to be keeping his spoken word, roll on January .

GLA & especially Sebastian Maril.

Also in America right now we're worth £10.75p LOL.

GLA

The real damage and pressure to put on Argentina is not in the small asset grabs after another court led approval, it's in the Argentine red faced embarrassing assets grabs that highlights the reality that Argentina doesn't or can't pay it's Bill's, be that Burford the IMF or in Argentina looking to borrow any money from anyone at all, if it's all over the internet that they can't afford it's Bill's and payments then how or why would anyone even lend them the price of a cup of coffee,

The war would start with religiously getting it out there into the media that they Argentina can't afford to borrow at all, and not stop pushing that story or point untill our bill is paid.

Though I genuinely don't think it will come to that, milei 's not that stupid, he knows it has to be paid or at least pledge assets to allow him more time before he really has to pay more to settle this massive case. He needs time and he also can't afford a greater public backlash from him pledging billions of dollars to as they see it a vulture fund, so it's a dilemma of equal importance, his voters struggle to buy much dearer groceries and we get richer on the back of their peso devaluation sacrifices, Milei's going to have many sleepless nights ahead, you steal money then you must pay it back ASP,

We know that the interest on $16 billion is around $1.4 billion per year, so because Argentina doesn't seem to openly care about this liability, then it implies they think this problem could have been kicked down the road for another few years and sure they'd say by then if you want your settlement money then loose the $1.4 billion interest on this massive award, so it hasn't at all been a urgent priority yet, until now !!! Preska has now got there full open eyed attention, no ducking this one if you want to suck up to the American system and potentially easier cheaper massive money markets, January is decision time for Milei's pay up or give up on your American dream. That bill for a sovereign nation will sit until Argentina pays it in full.

GLA, & merry Xmas.

I think it's best to read and understand the actua fantastic l revenue figures from Burfords own PLC website.

Burford is making Bucket fulls of cash for its investor's, with much much more to come next near and every year there after.

Christopher Bogart, Chief Executive Officer of Burford Capital, commented:

"Consolidated total revenues increased fivefold to $794 million in the first nine months of 2023 compared to the prior-year period, driven by significant growth in capital provision income with and without our YPF-related assets. Positive realizations' momentum has continued, with Burford-only capital provision-direct realizations up 42% in the first nine months of 2023 from the prior-year period as portfolio activity has continued. Group-wide total portfolio grew 16% in the first nine months of 2023 to $7.1 billion, benefiting from significant fair value gains and growth in deployments and undrawn commitments. In the first nine months of 2023, we have grown book value 27% to $10.10 per ordinary share, the first time in our history we have surpassed $10 per ordinary share."

The amounts of money Burford is bringing in for its shareholders is the largest in the world in litigation funding, and early next year Argentina will be held to account for its theft of shareholders billions, they know they have to pay, the only way they get what they want and that is to be seen as a fair just place to do business in, and that means paying up for the countries own foreign state sponsored shareholder theft, it's not Burfords problem were this money is found its Argentina's current problems, it has to be satisfied one way or another, there's no more kicking it down the road, if they don't come to the negotiating table then milei continues to stall Argentina's financial and commercial recovery, he simply can't afford for that to happen, yes he needs time ok, preska and her court have told him he has no more time left if he doesn't cooperate with burford and the American court's determination. It's D day for milei, now preska's got your full attention, no more extensions without genuine attempts to pledge billions worth of Argentine assets.

I'm genuinely 100% confident Argentina will pay out billions of dollars in a fair negotiated settlement payments scheme.

it normally takes Argentina around 3 months to conclude such negotiated settlements, so milei may cancel his Xmas dinner and get looking for our settlement award money. he will definitely find our money ok, he just needs to be legally cornered courtesy of the Sharp eyed no nonsense Loretta Preska's court declarations. Burfords shares will be at least £18 to £20+ next Xmas if not a long time before this , it's money in the bank ok.

2024 will be Burfords year, exciting rewarding times are just around the corner. I can't wait for January and the new year ,bring on 2024

Merry Xmas ,GLA to everyone .