Member Info for JammyC

IR has confirmed my understanding on the proposed NY legislation. "The legislation relates to bondholders who sue. It doesn’t relate to court judgments or arbitration awards"

Google "New York moves to rewrite law on sovereign debt default recovery"

My reading is that it will only affect bond debt raised in NY and this nothing to worry about. I have however already written to Robert in IR and will share if anything of note

Gtx1 - The writing style of you and Rabc are exactly the same and you even sign off your posts the same! I'll leave it to others to check out the similarities and decide. As for my mood I still remain in a good mood, despite your efforts.

I'm going to park this as this is the Burford thread and would rather that be the topic for discussion

Gtx1, TB, Rabc and no doubt countless other handles - you remember poorly and even if you were correct, which you're not - to write such sums you up

Setup another account GTX?

I'm not sure why you're attempting to seek credibility by attacking another poster.

Maybe best to ensure you remain factually correct and have a grip on basic maths?

I believe they accept circa 4% of offered cases, leaving 96%

Nearer 2m traded now. Definitely something going on

Sysco were in breach of contract so this unusual arrangement came about to satisfy both parties. Burford have always appeared extremely thorough in anything they do so I expect there will be contingency clauses to guard against this ruling, which hopefully will be overturned

Https://twitter.com/SebastianMaril/status/1745497599681974558

🔴JUDGE PRESKA CONFIRMS JANUARY 10 AS THE DATE THAT ARGENTINA NEEDS TO PLEDGE ASSETS TO AVOID THE ENFORCEMENT OF THE YPF JUDGMENT. AS OF THURSDAY, BENEFICIARIES OF THE YPF JUDGMENT CAN SEEK AND ATTACH ASSETS LOCATED IN THE US AND/OR OVERSEAS

Anyone can post profitable trades in hindsight. For them to have credence they need to be posted contemporaneously.

Shame to see the nice uplift today appearing to be losing ground stateside. Was looking so promising as well

Https://twitter.com/SebastianMaril/status/1737943214382821481

🔴Judge Preska rejects Argentina's 90-day extension request to pledge assets. If by JAN 10 Argentina does not post a guarantee, beneficiaries of the YPF judgment will start enforcement.

Yes, 20:1. C. 53.5p in old money. You did well

A quick search would yield results. No need to be rude

https://fintel.io/ssv/us/bur

As always with the IC or FT, Google the title. In this case...

Shares I love: Burford Capital

Agree, I was disappointed with a TP of £13.94. I disagree, valuing BUR much higher, and also disagree with the use of using a PER to value this asset class. They also, IMO, underestimate the collectability of the award. Not a mention is given to the significant Argentinian lithium and copper reserves that can make 16bn look like small change once unlocked with assistance from international investment

But in it's favour it's a new piece that'll create greater awareness of BUR highlighting the asset class, our leadership position and our moat.

Https://seekingalpha.com/article/4657239-burford-capital-a-cheap-moat-with-a-cherry-on-top?mailingid=33651395&messageid=2800&serial=33651395.478&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=33651395.478

You're welcome. I hadn't picked up on any inaccuracies and confess to watching most of his content. He's one of the few financial commentators I trust (or trusted!) on YouTube having a strong background. His bio reads...

Patrick Boyle is a Visiting Professor of Finance at Queen Mary University of London in the School of Economics and Finance. He has taught at Queen Mary University since 2009. Patrick teaches the Financial Derivatives and Portfolio Management Classes to Master’s in Finance Students.

Patrick Boyle is a Founding Partner at Palomar Capital Management, a quantitative Hedge Fund. Patrick began his finance career in 1997 and has worked with Victor Niederhoffer, a former partner of George Soros' and has been a Portfolio Manager at RBS, Millennium and Nomura