Member Info for Hullaballoola

Muddy Waters in the news still accusing them of accounting irregularities...

The only certainty is that there is no certainty. For all the positive developments in BMN, well-documented thanks to several champions on this BB, it is not without risk. Political risk and social unrest, for example.

Everyone has to determine their own appetite for risk and degree of diversification. Plenty of managed funds are available for those without the time or inclination to DYOR and there is no need to pile everything in to one stock.
Borrowing to invest in stocks adds further risk and to my mind and starts crossing the boundary into gambling. I am sure we all know someone who has lost their shirt by piling everything in to a 'dead cert'. I do. Tragic :(

For my part, I have piled in as much as I dare to BMN. I am always tempted to have an additional flutter given the potential prospects as I am really excited about its recent and potential accomplishments but we should all adhere to our own investment boundaries.
The JSE listing will perhaps be the next milestone that de-risks BMN for me (AIM really is the pits). I hope that on top of being an incredibly successful, vertically-integrated business into renewables, BMN can contribute in some way, to resolving some of South Africa's many problems and injustices.

Just felt like saying ...
... and not saying I won't breach my own investment criteria soonest!

I agreed Bandit and Laconic that the fundamentals are key and thanks for your thoughts. Am just frustrated NMC seem to have restored some shareholder value whereas the litigation specialists have not. Yet!

I now understand placements can be and are made on AIM, bypassing existing shareholders and therefore not enhancing the SP. Good to see the Fund interested, despite dilution.

Patience again required. GLA

You're a star among stars, Richken *
Thanks to all on this Board for your incredible generosity in informing us and keeping us motivated. You've cost me a very pretty penny that I know I will not regret. Look forward to the Roaring 2020s ...
Good Luck All
M

I'm switching BMN shares between accounts but the buys are showing as sells. 25987 and 58541 shares are buys !!

On another note, a Saudi fund buys 5% and the SP doesn't move. Am I right in thinking the MMs hold the price down allowing the fund to accumulate at low prices... or que?

I have received an uninspiring response from Investor Relations (dated 24th December), tinged with a touch of arrogance and haste. On a positive note, our emails do not go into a black hole and may receive some acknowledgement.

YorkshireLife, feel free to submit your suggestions below.

This is what I received:

Dear [Me]
Thank you for your feedback and support of Burford Capital.
It struck me the NMC response (as with Wirecard’s) was triggered by the issuer’s realisation that it had a case to answer with respect to concern around its accounting.
Unless and until that is the case, I cannot imagine any issuer taking that action on the basis of a lone ill-informed voice, especially when the information in question is legally privileged.
Best regards,
Rob.
signature_1674916933
Robert Bailhache | Head of Investor Relations
O: +44 (0)20 3530 2023
M: +44 (0)7585 704 280
Burford Capital
www.burfordcapital.com

From:
Sent: 23 December 2019 11:04
To: Robert Bailhache
Subject: NMC Response to Muddy Waters attack

EXTERNAL
Dear Robert,
I am sure you have seen how NMC have responded to Muddy Waters attack on their share price and would urge Burfort Capital to do the same.
With best regards,

Alfacomp

What more can we do about reporting this manipulation to the FCA?

Naively asks: what are you two squabbling about?

Choice of jurisdiction for licence would usually be tax-driven or Brexit-hedging. Non?

Good point... another email to rbailhache@burfordcapital.com

Whoever bought 2 x 100k shares this morning

yeah i would like to know why they did

much as I'm looking forward to this going skyward, bigsmoke, its not right anyone would exercise warrants at 35p now because the SP is 11p. Even if the SP is 100p, they still get to exercise at 35p

Whose the other 5k @ 19.88?

Hopefully they're trying to perform, as you say M.
Where does 850 come from. Is it some magic number?

I would like to say yes but instead watch the SP drop

I follow a number of BBs for my riskier investments and find the blatant ramping, de-ramping, bragging and hostility nauseating among the rare nuggets of sense. I always check this BB last to restore my sanity among the wise words of key LT Bushies. You know who you are.
Thank you for giving me sanctuary ...

C says MW still have an aggressive short on Burford but it's not showing on here... thoughts?

I know it won't have any effect but I've just emailed Robert Bailhaiche at rbailhache@burfordcapital.com asking for an RNS (+ve obvs). It made me feel better for 15 seconds

Loving your optimism. Bring it on :)