Member Info for NGR1616

It seems as if there is a blocker on my post so I'll rephrase it. I was surprised by the TR-1's but the volumes are low. All the technical are in the sell territory and by some margin with the risks pointed out with the usual eloquence and accuracy by Seb it's clear we have a bumpy ride ahead. I have every confidence that the expropriation of the YPF shares will not be turned over but there's much to argue and debate.

The legal arguments are far too complex for me to comment on and I'm not qualified nor do I have the time so I have to trust the lawyers....but assuming all parties trust their lawyers on this then perhaps the court process will proceed to it's conclusion which has risks.

Or is this the time to reach a mutually acceptable settlement especially with the US fiscal support being offered? It would clear the path.

Third time lucky….

Call me a cynic but isn’t it odd when companies increase their holdings to >5% then days later reduce to

Call me a cynic but isn’t it odd when companies increase their holdings to >5% then days later reduce to

Call me a cynic but isn’t it odd when companies increase their holdings to >5% then days later reduce to

Some desperate posts on here. Agree with Mr Marroc. Additionally yesterday’s court proceedings regarding bonds were good news- whilst not directly related to YPF it could see Argentina off the hook for $6bn in claims.

Apparently they do this:

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Over 5%...

If what the company was selling was worth buying it would be sold by now you’d think. That said acquisitions can be extremely convoluted and the legal case against LG is likely not helping as I assume there’s a cost for that on the accounting aspect moving forward.

Personally I don’t think anyone wants to buy it at this time but that could change and the JV outcome will possibly be the catalyst either way.

I’m holding a very small amount just to manage my FOMO but in reality I’ve written it off.

Looks like people don’t like the mid term results

Speculation. No news.

Analysts estimates were $0.33 per share and came in at $0.39 seems pretty good…18% beat yet the UK market is down 🤷🏼‍♂️

Agreed it has to be either default refusal or an indication that they will negotiate with the creditors on (1) which will most likely be sovereign bonds. They have a risk and BURFORD would be wise to shift them on as soon as they receive the judgement but they will likely be more valuable by then as the action itself will improve trust in Argentina's renewed willingness to play by the global fiscal rulebook.

None of these machinations surprise me

"Burford intends to use the net proceeds from the offering to repay bonds due in 2025 at their maturity date and the remainder for general corporate purposes, including the potential repayment or retirement of other existing indebtedness, which may include bonds due in 2026".

Oh and your figures quoted about the settlement are three orders of magnitude out.

The borrowing is to repay what is sometimes referred to as a revolver. The existing bonds were due and noy paying them off would have implications. A bit like when you have an interest free balance transfer deal coming to an end, unless you have the cash or wish to hold onto the cash you have to invest in your home then you need to pay it off by other means which is often another interest free balance transfer to another lender (with a transaction charge in that instance). It's normal

The PDMR was agreed in 2024 and allows them to sell shares without accusations of having knowledge that might effect the SP. Again normal

The US courts are firm but also pragmatic. I expect an extension will be granted but not any capitulation unless Arg comes up with an alternative solution.

Wait. Hold on. Are we saying we know more about the SWIR sensor market potential and try applications for it than ST Micro?

“ The second reason ST didn't engage: they fundamentally misunderstood that they weren't just developing a sensor technology - they were positioned to own the infrastructure for the next phase of autonomous vehicle adoption.”

The price action is being driven by something.

I’m starting to question my initial view it’s a ramp / pump dump and I’m now considering something is leaking and I’m not suggesting it’s at the Nanoco end.

I’m out and may regret that but it’s too high risk for me.

In and out shake it all about-I’m out again absent any RNS- this looks like a pump and dump 💩

Nb the face value of Arg bonds trade at a significant discount due to their historical fiscal performance so BUR cannot accept say $17bn gross or their % discount would net down to $6.8bn gross and BUR net would be about $3bn. They can’t accept that because for future cases a weak precedent would be set.

It would need to be around $42bn (40% discount to face value) to equal $17bn.

I doubt Arg would agree to that but that’s where I suspect the opportunity is for BUR to negotiate a settlement - one that works based on the likelihood of external investment subsequent to playing by the rules pushing the bond value up/discount down.

The future value of these bonds could be chunky. Arg has a latency in it’s economy bolstered by oil….