Member Info for JammyC

I also thought c. 95% for a case that was decided by Summary Judgment. Can't locate stats unfortunately despite a quick search and use of AI

Poindexter... What are your possible negative connotations of Milei and a right leaning government?

Poindexter.. My thoughts are that it's just usual BUR volatility/price manipulation. I'm certainly no expert, but for what's it's worth I think recent developments should be positive. Should more informed posters wish to correct my musing, it would be appreciated.

My understanding is that the US effectively can determine what happens with thier currency. Should Argentina adopt the dollar, any transactions in dollars (with signed parties) can be legally sanctioned at the request of the US. This will mean Burford will have greater access to any claim amount, via further courts. Greater importance will also be ascribed to international trade and monetising their vast resources. To do this they will need outside investment to realise this potential and they'll only attract it if investors can have confidence. An unknown to me is Milei's desire for Eastern investment. One would think that by announcing a desire to dollarize he aspired to lean more towards the west, but then that could be forced due to the people's current reliance on dollars for larger transactions. I mention this as I believe the US's desire to steer Argentina within their sphere of influence, and away from China/Russia shouldn't be underestimated and is likely to play a part in the justice delivered. I know it shouldn't but politics and power transcends all.

TWT... I plan to top up more BUR but probably not for a couple of weeks. I was annoyed at myself only last week for letting them go at 10.60 but it now looks a shrewd move, for the moment at least!

Https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=BUR.L

If you'd followed each of thier buy/sell signals since the 28th Feb this year, an initial stake of £100 would now be worth £44. And that's without accounting for transaction charges! Not the best of results is it?

While I scoff at British Bulls, I do think the uptrend may have reversed. The US has been poor last few days with reasonable volume. Nonetheless I'm going to hold, having not optimised the timing of my sell of my trading pot. I don't want to risk being out on any news or updates.

It's circa 35% of any payment made for both the YPF cases that would be attributable to Burford. Thus, should a 12b payment be made, we would benefit to the tune of c. 4.2b. An extreme level of upside considering the EV and MCAP

That was my thought now that 3 day trial over. Sold my small trading pot with plan to buy them back in readiness of written submissions becoming public and results. Hopefully will be able to pick up some free shares. Looking like FFC has jinxed the market currently and assisted me with my trade!

Google "Argentina hits milestone on path to gas export bonanza" for full access

It was 6b plus interest so likely a little more than you calculate, but even if our share is only 2.1, that's our MCAP alone. The rest of the portfolio would be free!

It looks as if Argentina would only agree to settle at this if Bur were to be awarded significantly more but looking at the arguments put forward, I can't see anything but a win on both questions for BUR (I'm not a lawyer, nevermind an Argentine/New York lawyer so this means nothing). That's the 17.4b award with 6b attributable to ourselves. A 6b agreed settlement would be effectively a 66% discount to Argentina. Surely this could only be acceptable to BUR if payment was almost immediate?

Warming their people for what's to come? When framed against a possible outlay 7.5 to 19.4 billion, 6 billion plus interest has got to feel like a win hasn't it?

https://www.clarin.com/economia/hora-definiciones-multimillonario-juicio-ypf-audiencia-fin-mes_0_yZfuQFdq3o.html

Thanks to Galatea99 on ADVFN for the link

I remember this time last year sitting in a cafe in Whitby looking at the SP when it was 930p. That was prior to a successful YPF judgement and yet we have know fallen beneath that level despite now knowing a large pay day is going to happen, even if the exact quantum is still not known. Crazy times

Well that post looks rather misplaced now!! We now know of course that it was the previous CEO selling, as per DavidYli's post.

As for Candidinvestor, you should realise not all are candid, especially so on ADVFN. QuePassa is no friend and has had an axe to grind since the IPO. If you really have sold on that piece and you are candid, I pity you

https://seekingalpha.com/article/4599284-burford-capital-stock-small-losses-large-profits?mailingid=31358281&messageid=2800&serial=31358281.543&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=31358281.543

Can anyone shed light on the debtor days? I've checked the last Annual report and Investor presentation and are unable to find any references.

I stand corrected. I now see you've asked a number of questions.

For your first question it returns...

"It sounds like you are eagerly anticipating the quarterly earnings report of SLP, which should provide insight into the company's performance and financial health. The 4e basket value at the end of March is an important metric to watch, as it is used to value the basket for the entire quarter and calculate unsettled invoices. The fact that the 4e basket value hit a low point of $1800 on March 31st, representing a 25% drop from the previous value of $2432, suggests that the company may have experienced some challenges during that period.

The increase in aged debtors is also a concerning factor, as it indicates that customers may be struggling to pay their invoices on time. It will be important to keep an eye on how this situation evolves and whether the company is able to collect on these outstanding debts.

Overall, the upcoming earnings report should provide valuable insights into SLP's financial performance and the steps the company is taking to address any challenges it may be facing. It's important to approach the report with a critical eye and carefully analyze the information presented to make informed decisions about any investments or other actions related to the company."

https://www.investorschronicle.co.uk/ideas/2023/04/26/a-recovery-stock-on-a-9-dividend-yield/

I don't think it was crazy from a financial journalist who needs always to consider their reputation. It's one thing to top up for yourself, but another to recommend to others when there's significant uncertainty. Thankfully a lot of that appears to have now gone and I can be glad I did take the opportunity to top up.

You're clearly joking, but those unfamiliar with AI, such a result isn't possible. If you ask specifically about 4e basket prices it will return something similar to...

"As an AI language model, I don't have access to real-time market data, so my knowledge is limited to the historical trends and general insights. However, PGM (Platinum Group Metals) 4E (four elements - platinum, palladium, rhodium, and gold) basket prices are influenced by various factors such as supply and demand, economic conditions, geopolitical events, and environmental regulations.

Historically, PGM prices have been volatile, and the basket prices have fluctuated significantly over time. In recent years, PGM prices have been impacted by several factors, including the US-China trade war, the COVID-19 pandemic, and shifts in the automotive industry. The automotive sector is the largest consumer of PGMs, with catalytic converters using all four elements of the 4E basket. Therefore, any significant changes in automobile production and demand can lead to notable shifts in PGM 4E basket prices.

Additionally, environmental regulations related to emissions in the mining and industrial sectors can also impact PGM prices. Countries like South Africa and Russia are significant producers of PGMs, and any glitches in their mining or refining processes can impact PGM 4E basket prices.

Overall, it's challenging to pinpoint a single factor that causes a fall in PGM 4E basket prices. However, a combination of factors can contribute to a fall or rise in PGM 4E basket prices."

The CEO sold at 200. That's generally a big hint that they believe the company to be worth less, not more. Do as the directors do, not say.

Will 200p hold? One would imagine there's a lot of stop losses about to be triggered

36,000 shares and at an average of £3. If you can prove that I'll give you the £100!

Don't believe all you read on the internet. And if you do, maybe read the poster's initial posts