Member Info for Poindexter

Nice try peaky, but I don't think Morgan is going to indulge you. That said, regular as clockwork, the SP sags between updates and results, and then rises significantly on the earnings beats and resilience to macro economic factors. So deffo worth trading the dips.

Can't see that a $50-100m appeal bond being accepted on a multi billion judgement. Argentina won't like the political optics of a massive award against them, but that's tough - that's the law. They can try to persuade Petersen/Eton to give them some time in a settlement package I guess.

Implausible at the state level, but entirely possible that an individual with privileged information might enrich themselves with bur stock before it hits the new feeds.

It seems the CFO shares my bafflement - sizeable director purchase just now.

I'm baffled why steady-as-she-goes Morgan is being pulled down by the sinking ship thàt is the British economy and pound, which should be favouring an innovative exporter; Energy and a weakening global macroeconomic backdrop a bit of a headwind - but an almost halving of the MCap in the last few months?- Could it's meagre £650m price, steady earnings and attractive IP attract the attention of a predator I wonder?

The largest one month fall in about 2 1/2 years I think. Do the management not see that draining the earnings trough with pay and bonus awards (why?!) only serves to diminish the value of their sizeable BUR Holdings to an even greater extent?

I totally agree with the mantra 'slow justice is no justice' and this has taken too long ... But will it delay things further? One would hope she and her team would already have preempted the complications of who carries the can for the expropriation, and that 49% of YPF is not owned by the government; that granting the amicus curiae is covering ground already considered, and grating it makes the final ruling even more incontestable. At the very least, Burford at the plaintiffs should have their sorely tested patience even more amply rewarded in the end!

My guess is it's linked to, or a hedge on, shifting the dreaded Invesco holding.

As major share holders themselves, if that were their plan, it wouldn't be a very clever one, with almost £1b knocked off the market cap in the past year. Nonetheless, it's clear the market has lost patience and trust, and the usual fluff about yet another "record deployments" refrain doesn't cut it. As Philip Green said, any old fool can open a cheque book. We need to start seeing the money.

Or are they playing a blinder, I cynically wonder? Play fast and loose, nicely setting up for being demolished by MW (I vividly remember the panel of all the other litfin bosses saying no way in hell would they mark to market in the same way, for example), slowly over the last three years reverse the accounting approach, arguably too much the other way, whilst keeping the wolf from the door with regular bonuses, thank you very much, thus declaring a loss at the worst possible time when the markets would otherwise have been quite supportive ... and then take it private for peanuts?

That's why I'm still invested, but at the moment, burford looks like a mongrel that's been rolling in ****. I do think a price down here is dangerous territory for holders who wish to remain holders of Bur, because I'm sure we're not the only ones to see the mismatch of the potential, from the price.

Well this dog needs something

In what way would burford likely distribute excess cash from the Petersen settlement (after exhausting redeployment oppos and repaying debt) - special dividend (not so popular with many investors), buybacks, treasury, acquisition, xyz?

He could get into trouble for that sort of thing. Not sure if that explains the truly abysmal (verging on suspicious) decline in the SP (though I personally think burford management don't help themselves, over the months and years).

Yes, it doesn't seem to matter what the driving force of the indices, I can't remember the last time burford wasn't at the bottom of my list of daily movers.

Any plus minus factoring for Russian aggression in Ukraine? Vague impression that with burford as the "go to" for lit fin amongst oligarchs ... and for extracting assets from oligarchs, it would be positive (but the SP slides ever downwards, all the same).

I'm sure "RNS"s like this will have the opposite to intended effect - of making investors think to themselves, 'is this the best news Burford can up with!'

Now Argentina are faced with the immediate necessity of paying for the not inconsiderable costs of going to trial, and much as they will pale in comparison to damages ruled against them following a trial, I too think they will offer a settlement on the courtroom steps, if only to kick the can down the road (not that it would help them in the long run)

Bloody genius of burford to switch it's listing fortunes from a very cheap looking UK market, to a NYSE looking toppy at the time, and now inevitably reversing into correction territory! So I think some of it is just the drag of the US correcting sharply since new year.

It looks like it! I put some more in my sipp yesterday too, and like my dozen or so BUR buys over the past three years, kinds wish I hadn't. It does irk me, the share price (alone, so far as I can tell) persists in telling me MW, FT,IC etc are right and I'm wrong.