Member Info for Laura2022

The war could be over, according to European stock market screens, which are all in the green this morning. The FTSE 100 is up 0.7 per cent, with only a handful of stocks posting negative numbers, two of which are of course BP and Shell. The Dax and Cac are also strong, up 0.7 and 0.5 per cent respectively. Futures for New York are very positive, with the S&P 500 expected to open 0.8 per cent higher. As you’d expect, oil is down, as are bond yields, although there’s still a lot going on.

This all started following a report from the Wall Street Journal that US President Donald Trump is willing to end the war, even if he doesn’t succeed in re-opening the Strait of Hormuz, the tiny strip of water in between the United Arab Emirates, Oman and Iran that basically anyone should be able to point to on a map by now. Traders are leaning into a reversal, but it’s worth bearing in mind, before we get the flags out, that this is the third or fourth time markets have made this shift since the war began.

Highly likely now its £2 20 V £5.00 unsolicited offer

Full ask 3.10p or NT nova88

Thanks Rocket

Also POS looks far too cheap after 40% fall today

Bought at 2.95-3p

Currently 2.93p to sell too

Total asset values: £17.98m (H1 2025: £17.45m)

Carrington

Be interesting to see if FUTR can get past the £2.95 it got to just after opening bounce

Unless cantors got somw of thier 24% from them

This lot are selling though....14% to 12%

Aberforth Partners LLP

Sg09

Thanks for that

I'm reasonably happy with £2.85 and lets see what the BOD do next

Now £3.10

Always bounces

At £2.84

Seems over done from £8.00 to under £3.00 in short space

The Board believes that the Group is fundamentally undervalued. The Board is actively focused on driving value from the assets which deliver a strong platform effect and to realise value for shareholders from those that do not.

From another investor

they have just reiterated FY26 free cash flow will be at least £100m that is post tax clean free cash flow for dividends buybacks or acquisition. So i just bought a falling knife at £2.87 which is under a £300m marketcap. I will put my blinkers on and rationalise that they could buy back a third of the company this year!!! 33% free cash flow yield. No advice.

Opulent

Also been buying more PINE...a £5 offer fell through 5 weeks ago and now just £2.15

Here's that bihnce again from £2.98 just like yesterday x 4

Other positives

EML submitted their case for arbitration this morning, BUR are widely believed to be their litigation funding source, with a claim against the Moroccan Gov for USD1.2BN, a very long way to go for an unknown outcome, but, IF successful the BUR slice of any proceeds would be large

As of year-end 2025, Burford Capital carried the YPF-related assets on its balance sheet at a fair value of

$1.7 billion ($117.6 million in deployed cost and $1.57 billion in unrealized gains). However, following a March 2026 US appeals court ruling overturning the $16 billion judgment, Burford announced it will take a partial non-cash write-down in Q1 2026, significantly reducing this carrying value

I've now bought over £20,000 under £3.00

Happy with that

Opulenta

Very detailed mgmt reply on Monday RNS

BUR now at 5yr+ lows

Yesterday

Bounced £2.98p to £3.20 at least 4 times

Breaking £3.25 should signal a move

Our core business is based on a portfolio of many hundreds of valuable cases ― a portfolio we expect to produce more than $5 billion in cash proceeds over time and that produced more than $1.2 billion in cash in just the last two years. We calibrate our commitments and deployments to new business based on our cash on hand ― which today exceeds $700 million ― and our expected cash generation from the portfolio. We have always presented the portfolio on an ex-YPF basis, and we have never relied on cash proceeds from YPF to fund or grow the core business. The core business is healthy, growing well and has produced consistently high asset returns.

"While the YPF decision will have a negative non-cash impact on the GAAP carrying value of the YPF asset, it will have no cash impact, and our core business is unaffected. With our significant liquidity we remain well placed to continue investing in and growing our core business, exploiting our market leadership role.