Member Info for JammyC

Iweb paid on the 21st June. I'd chase your broker

Shareholders are business owners and business owners have responsibilities. When shareholders have bought in they have bought the assets and the liabilities of the business in the hope of a positive return. Shareholders are very much responsible for the historic liabilities of Amigo. Why do you think historic holders sold out? If you bought in thinking the historic liabilities have nothing to do with you, than more fool you.

Have you had a bad day?

Luna recovery would have been more accurate I accept. The fact that the boat has now been transferred into the wife's name should however help. As should the experience of ex SBS members! Will Dubai accept this transfer of ownership and allow the boat to leave we'll have to wait and see.

https://www.dailymail.co.uk/news/article-9595079/amp/SBS-veterans-storm-Russian-oligarchs-superyacht-ex-wife-hire-seize-225m-Luna.html

Latest tweet translated reads:

I was disappointed by Judge Loretta Preska. After warning both parties in March that it would not tolerate further delays in the case for the expropriation of YPF, today it accepted the proposal of all parties to extend dates between 2 and 3 months. - Trial begins in April 2022.

Thanks Renegade - Settlement negotiations spring to mind and would explain recent price movement. Lets hope anyway. The sooner that cash in in the coffers and reinvested the quicker well have our 100 bagger :)

STX is another Funky Finance tip following on from LIT which was posted as the 8 bagger. I was already in LIT and his presentation of the case was good and accurate. I've not looked into STX so can't comment but video is here:

https://www.youtube.com/watch?v=8ZqdKDZpUBs&ab_channel=FunkyFinance

US finished nicely up at equivalent of £8.87 but on very poor volume of only 64,768, so I can't read too much into it. The last Argentinian postponement was until 21/05; so wonder if we'll see a continuation of the previous rise next week?

Interesting GT that you use Amigo as a multi bagger - it has, and it could maybe again in quick fashion, but it could also fall to near zero next week as a critical court case will decide its future on Wednesday. Too risky for me so will watch from the sidelines.

I'm all for cross ramping when it's thought out, there's clear value to be had and the poster has similar degrees of conviction. As said this is a coffee can hold for me and its currently c. 30% of my portfolio. RBGP another 23% of the portfolio so while, so far, this year has been good to me, a slight trim here and there would make sense from a risk perspective!

I don't know exactly how long the runway is either. But I think it's long and also think that as more cases become funded, more will see the benefits from not tying up ones own funds and the TAM will become even greater. Maybe margins will fall as more money chases the attractive returns, but we are at the forefront, we have the knowledge, the name and the scale - and believe these are a Moat. But even if margins did fall slightly from current levels, I honestly don't think FFC is too far wrong when he talks about an SP of £100 in many years to come. Whether I'll be around to see it is another matter. I can't see another share with the same potential, but would love pointing in the right direction!

The most important principle is the one identified above. It’s so important it’s worth repeating again: you need a business with a high return on capital with the ability to reinvest and earn that high return on capital for years and years.

Everything else is ancillary to this principle. Below are summaries of these other principles...

Your going to have to buy to read more :)

Akre’s approach is simple and easy to understand. He calls it his threelegged stool. He looks for
• businesses that have historically compounded value per share
at very high rates;
• highly skilled managers who have a history of treating shareholders as though they are partners; and
• businesses that can reinvest their free cash flow in a manner
that continues to earn above-average returns.
We’ve talked about all of these in this book.
As he told me, though, the older he gets, the more he whittles things
down to the essentials. And the most essential thing is that third item.
This is the most important principle behind the 100-bagger. In one of
his letters, he puts it this way: “Over a period of years, our thinking has
focused more and more on the issue of reinvestment as the single most
critical ingredient in a successful investment idea, once you have already
identified an outstanding business.”
Consider a business with $100 invested in it. Say it earns a 20 percent
return on its capital in one year. That is a high return and would get Akre
interested. A 20 percent return implies $20 in earnings. But the key to a
really great idea would be a business that could then take that $20 and
reinvest it alongside the original $100 and earn a 20 percent return again
and again and again

I've a book recommendation for you all: https://www.amazon.co.uk/100-Baggers-Stocks-100-1/dp/1621291650/ref=sr_1_1?dchild=1&keywords=100+baggers&qid=1620906704&sr=8-1

When reading the 'what to look for', I really cant think of a better candidate than Burford. I will post a little on the importance of compounders but recommend all to read the full title. It also highlights the idea of having "coffee-can" whereby you just lock away your highest conviction stocks and leave for at least 10 years. Despite BUR now having a weight of 30% of my portfolio, the stock for me is in there.

If anyone who has read the book and can recommend any other candidates I wouldn't be offended at the cross ramp.

https://mobile.twitter.com/SCSWSharewatch/status/1391724136582598658

Well presented. Maybe the news in aggregate has forced the penny to finally drop and the market is starting to take notice. With or without Petersen this his to be one of the best opportunities available.

I've seen rapid 10% changes in both directions but we've just experienced 60% in a month without any news. That's far more than I've witnessed or can see historically from the chart. Something is definitely different imo. The volume was very good in US yesterday and higher than the UK too supporting the >7% rise. I look forward to next week

Very strong performance in the US. I don't think Sebastian's tweet is related to Burford, but I do suspect something is happening behind the scenes. If not, other people must also believe something is happening re. a settlement as the rise over the past month imo isn't normal. But long may it continue.

I sold c. 2% last Friday @ 9.55 expecting the fall. Glad I couldn't bring myself to trade a more meaningful amount as not sure I would have bought back in before now. I won't say I can see continued momentum like the previous couple of weeks as don't want to jinx it. Gl lth

It's looking very strong here, Mr Market appear to be cottoning on to the potential. I just wish I'd bought more when Miton were selling down. They have been very good to me!

If looking for a Supercycle or copper play, Pheonix copper (PHX) looks like it has promise. A US early stage miner bringing old mine works back into action so lower risk than it may sound. The area is not just rich in copper but also silver, gold and cobalt. There's some good Webinars on YouTube to help understand the potential.

I can't think of one board. I know though that you have and also that you've also tried to stifle reasoned debate by reporting users when it wasn't to your agenda. Pathetic.