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Opinion that differs from your own is labelled by you as " repeating the same usual. unfounded scare tactics already discussed in detail today". It is obvious you were referring to my posts and the discussion they kicked off.
You do not get to censor, oversee or control the content of this board. You do not get to decide opinion that is allowed or not allowed. You do not get to deride the opinions of others.
So, yes, do grow up!
"Jane: Are you also slushycat?"
Grow uo!
Oh, grow up, for God's sake.
@ Laconic
If by "scare tactics" you are referring to my posts, then that is quite enough, as is your arrogant way of belittling the opinions of others.
My posts were factual in their entirety. You may not agree with their content, intended, as clearly stated (read them properly) to explain possible reasons for the adverse market reaction to the results...........and that is your right.............but respect the right of others to express their opinions which may be just as well-informed as you claim your own to be.
Since you and the others seemingly of your mind are really incapable of reading properly, look at my posts. They are stated clearly as giving an opinion on the adverse market reaction to the company's update.
Not "scare tactics", not ill-informed, not deramping, etc.
Please do grow up.
You and the previous poster seem to forget that Burford have also already accrued and taken to profit successively very substantial unrealised amounts based on successive revaluation of their residual stakes in the Petersen case after successive sales of portions of their stake. Those are the amounts of unrealised profit I referred to. Should the case be lost, then there would need to be write-backs of profit. That is clear.............but disregard the fact if you so wish.
As for the question of those sales being of a recourse or a non-recourse nature, I am not a lawyer so I simply noted the matter, it is entirely up to each one of us to take a position on that.
You know, one does as an investor need to look dispassionately at situations, regardless of the outcomes one would understandably desire. However, up to each one of us, I suppose.
Sorry, I didn't finish one sentence in that previous post:
" Rumoured side arrangements seem to indicate suspicions that the Petersen stake in YPF (acquired at no initial cost, zero, but to be "paid" over time only out of dividends from that same stake!).............included reserved stakes for political figures in power at the time."
The Burford share price may well be held back for quite some time ahead until there is some clarity on the YPF/Petersen case in NY. Judge Preska is reportedly to get the parties together again today in order to finally decide how the discovery phase is to proceed. Sebastián Eskenazi, still heading up the Banco de Santa Cruz in the province of that name which is the fief of the Kirchners and of Alberto Fernandez, the present President of Argentina, has been served with a summons to appear before the judge (not today) and to submit the relevant documentation in his possession. If anyone at all has beans to spill, it would be he since he was presumably aware of all that went on around all the various stages of the privatisation of YPF to Repsol and the Petersen companies set up in Spain, the later expropriation of Repsol's 51% stake, the agreement of compensation to Repsol, the seeming denial of similar compensation to the other shareholders, any side arrangements, etc, etc. Rumoured side arrangements seem to indicate suspicions that the Petersen stake in YPF (acquired at no initial cost, zero, but to be "paid" over time only out of dividends from that same stake!). It is perhaps interesting that both Burford and the Argentine side want him to appear before Judge Preska, in fact it was Burford who served the summons on him at Miami Airport. Now whether that means Burford are seeing him as being "hostile" or whether the Argentines are believing he is on their side, so to speak, I honestly cannot work that out, given the very extensive business interests the Eskenazis still have in Argentina with the inevitable political implications there would almost certainly be. From the Argentine press and media, I sense that they seem to detect or divine some frustration on the part of Judge Preska with Burford for their seemingly having appeared reluctant to voluntarily present Eskenazi to testify, although this may be either wishful thinking or something for public consumption within Argentina. However, the Argentines do seem to feel that there is movement in their favour. They seem, btw, to be now pushing for the case to be heard under Argentine law, even in NY, should the judge rule that the proper jurisdiction is the US. This case still seems likely to drag on and on and on. The market will be fully aware that a loss for Burford may well mean that all the amounts taken to profit in previous years would need to be written back. Whether there would also be contractual implications on profits declared from the previous sales of portions of the case by Burford, no idea. I would expect this whole business to be hanging over the progression of the share price for quite some time ahead, unless there is something extraordinary that happens such as a Reddit-storm or some win by Burford sufficient to overcome the possible negatives from a loss in the YPF case.
I assume it will be posted on Investegate or on the LSE RNS page.
There was a thread pushing BUR on Reddit.
https://www.reddit.com/r/wallstreetbets/comments/ll4150/due_diligence_on_burford_capital/
Have a look at BRAG, a developer and supplier of systems to support the onlime gambling industry. I'm invested in this company. It is quoted in Toronto and there is talk of a listing on Nasdaq.
https://stockhouse.com/companies/quote?symbol=t.brag
Perhaps investors are reading the results put out today by Future plc and finally getting the message on where Reach is going.
"Shippers are turning to airfreight because of Brexit and other difficulties affecting surface freight, says charter firm Air Partner.
Chief executive Mark Briffa, said: “Transporting cargo via sea is proving extremely challenging, so we are experiencing a growing number of enquiries for air charter. Currently around 50% of business in our freight division is coming from transporting goods that would usually go via sea transportation. While the main industries turning to air charter are energy, automotive, aerospace and marine, we are also seeing interest from some major UK retailers that want to minimise disruption to their supply chains.”
He added that businesses that had stockpiled goods in the run up to Brexit are now needing to restock as these supplies are beginning to dwindle.
Air Partner is also seeing higher demand for requests to transport PPE globally, with most supplies coming from Asia to countries that are preparing for national vaccination programmes and require items such as protective gloves."
https://www.fbj-online.com/hard-pressed-shippers-take-to-the-air/
At the time of the half year results, published on 30 September 2020, the Board reported that it expected modest profits in the second half of the year. However, despite global travel restrictions, the Group has performed better than expected and ahead of market expectations. Accordingly, the Board now expects to announce an underlying profit before tax of no less than £11.5 million for the full year.
https://www.londonstockexchange.com/news-article/AIR/trading-update/14833079
SDRY named as one of their NAPS for 2021.
The need for the states in the US to urgently plug their budget holes will create tremendous opportunities in every kind of gambling area but also for cannabis stocks. The Democrats have already said they will be looking at decriminalising cannabis use. I already hold two cannabis stocks and have my eye on a couple more.
It would be nice if the politicians, at least, did not come back.
"Mark Briffa, the CEO of the global aircraft charter firm Air Partner, said there was a surge in demand for its services in the past few days as wealthy individuals seek ways to circumvent the restrictions.
“This includes private jets for individuals and families, as well as businesses wanting to charter larger aircraft so they can urgently fly employees home for Christmas after commercial flights have been canceled.”
https://www.thesouthafrican.com/news/uk/london-christmas-lockdown-no-problem-for-wealthy-brits-fleeing-the-city-in-private-jets/
"Air Partner, one of the world's largest air charter providers, also told the BBC it had seen a growing number of requests.
"If the situation in Dover continues, it's not impossible that some businesses will consider air freight for lower-value perishable goods, such as fruit and vegetables, or risk losing their stock altogether," said chief executive Mark Briffa.
The boss of the UK-based firm added that the current closures were "forcing businesses" to carry out back-up plans they might have had in place for a potential no-deal Brexit after the transition period ends on 31 December."
https://www.bbc.com/news/business-55414807