Member Info for Poindexter

I don't know if I'd call it"siding", but certainly according their every (deliberately delaying) request, which is frustrating, but presumably is to appear absolutely fair and beyond reasonable appeal (Delay for the Eskenazi evidence I guess).

I really thought the bigger (price) movers and shakers investors would understand the intricacies of the balance sheet yesterday and, but either they didn't, or are playing the price.

Yep. The strength of the business is little changed from when the SP was £20. But perception is still damaged.

Again, 2019 included a YPF mark up, didn't it?

Wel the share price was north of £15 in those days.

It's amazing how even patently brilliant updates still give brief opportunities to buy close to the price prior. As usual with Burford, had to Google some accounting terminology, but this looks even better than face value.

I guess 7 ET is pretty standard for us stocks, so we in the UK just have to put up with 2 ½ hours of volatility between an end, and the us digesting it too

But 1430 UK would give the us the opportunity to trade the news

Well bogarts and molots holding in BUR will be looking as ugly as ours, so they will at least be aware!

I can't see the AIM listing lasting. Who can invest in something that loses 100m 7.5% for no apparent reason? Impractical to set stops. Hopeless. I'd rather they had just switched it to a main FTSE listing, but just NYSE would be ok for me, though it might trigger PI selling for folks who can't or don't want to hold US investments.

Comments on advfn about the gold mine that patent litigation is turning into, with Burford's Joshua Harris commenting on Bloomberg. Anyone know if they have a finger in the pie?

I get the feeling all the NYSE listing has so far achieved, it's to enhance MMs ability to work the price. A handy pool to stash away the float.

My only slight reservation is that H1 was boosted by some of H2 2019 dropping into 2020 instead, so H2 2020 might be less impressive in comparison to H1. On the other hand, judging by the lousy SP, expectations are pretty low in the run up to the results, so hopefully a surprise on the upside is on the way.

It's an odd one, isn't it. I think I saw a suggestion it might be to drum up interest in some new debt issue, to be formalised at the results day, (they had mentioned new/reissued debt as a possibility a year ago). The timing looks on balance to be mildly positive (but I'm usually wrong on these things)!

A PE funded MBO could easily be structured to even further incentivise and involve management with their baby. More than one of my investments that got bought out, were bosses who almost resented "their" baby being in public hands, and the obligations that go with listing. I did occasionally get that feeling here, but against that, is going to the trouble of the NYSE listing. I sometimes invest hoping for a takeover, but not Burford. I think it would just be too difficult or "untidy" for a buyer.

I've been mulling the TO possibilities too because it would be a prime target in the normal way. I do not think it's too big a bite for PE, and I don't think it's impossible to find a way to get the management on board with it ... But it's difficult to see a way around disclosure barrier. A bidder could take a punt based on publicly available information and past form, but it would put most predators off; And where to pitch the bid and how could management respond? In a way, a yes would almost be as bad as a no for the bidder! Certainly not impossible, but a merger of some sort would seem more likely.

Er Argie - because the judge told them to. Durr!

I also thought it unlikely that they would announce the trading update so far ahead, if they were sitting on a profit warning. I forget the rules for a profit warning, but that would seem logical.

Metaphorically speaking!

At this fireside chat, do make sure Bogart's feet are held firmly against the flames!

The daily pattern is certainly consistent (I guess due to the sell bot) ... an hour or so with a bit of blue, then a steady descent heavily into the red, sometimes with a slight recovery after the US open (but interest over there seems almost non existent; one can hardly blame them)