Member Info for Renegade

And more new stuff ......

https://cookcountyrecord.com/stories/640324421-sysco-burford-has-lied-to-the-world-about-controlling-lawsuits

https://news.bloomberglaw.com/business-and-practice/sysco-says-140-million-litigation-funder-blocking-lawyer-change

And

https://www.bloomberglaw.com/public/desktop/document/SyscoCorporationvGlazLLCetalDocketNo123cv01451NDIllMar082023Court?doc_id=X2526A200KG9ELRE6E65JALSNKK

We might see a decision today re the Sysco lawsuit.

"The arbitration panel has already heard arguments from both sides on whether to issue a permanent injunction and has said it intends to issue a ruling by March 17".

https://www.reuters.com/legal/legalindustry/sysco-sues-litigation-funder-burford-blasts-boies-schiller-over-140-million-2023-03-09/

Volume showing as 1.56M?

Haven't we got a £50M carry over into the later part of 2022 or have we lost this trivial amount in the sofa?

Like I said earlier, I believe that the 2022 results are being delayed so that they aligned with the NYSE quarterly reporting. If I am correct, this will be the first time that Burford will have had to simultaneously meet both reporting commitments at the same time. Indeed If that is the case, they have no template to work from so I can understand the difficulty and approval in doing so - on both sides of the pond.

The alternative is that they would have two separate reports to compile (as normal). This could now be seen as confusing, costly and time consuming.

Patience is required.

Delayed results.

It's more likely that the 2022 results are being delayed so that they aligned with the NYSE quarterly reporting. I can't see this affecting Judge Preska's decision either way.

And more:

https://www.lse.co.uk/news/BUR/litigation-funder-burford-sues-sysco-over-140-mln-antitrust-investment-vq0qeqiwvnahkln.html

And more:

https://www.reuters.com/legal/legalindustry/sysco-sues-litigation-funder-burford-blasts-boies-schiller-over-140-million-2023-03-09/

It looks like Burford will make money. But how much?

https://news.bloomberglaw.com/antitrust/sysco-accuses-burford-capital-of-meddling-in-antitrust-deals

1.34M shares traded in the US yesterday.

Nice.

Market Watch are reporting that 887.72K shares were traded in the USA yesterday (the highest volume for over a year).

Additionally, that shorts in the USA fell from 948.19K shares on 01/31/23 to 700.36K shares on 02/15/23. Yesterdays high trading volume is not yet reflected in the new reduced shorting figure above so I envisage that a new short position will be released in the next week or so which will be in-line with previous historical reporting.

In layman's terms, it would seem that someone is getting a bit twitchy re shorting Buford shares.

https://www.nasdaq.com/articles/ameriprise-financial-now-owns-5.01-of-burford-capital-bur

https://fintel.io/news/invesco-cuts-stake-in-burford-capital-bur-184

twt,

So who's recently been shorting Burford on this side of the pond? I can't find any evidence of this unless I've missed something obvious?

USA Short Interest has gone up from 677.53K on 13 Jan 2023 to 948.19K on 31 Jan 2023 (it's only just been reported on MarketWatch).

This might explain why the SP has fallen in recent days!!!

ffc

Here's some jam for tomorrow:

https://www.lse.co.uk/rns/BUR/interim-results-for-six-months-ended-30-june-2022-jpu518koja0lyw8.html

"Notably, we saw a positive development in a matter in July - not reflected in our first half numbers - that should generate more than $50 million in consolidated profit in the second half of 2022".

Now where's that scone and cream gone?

The only issue that I have here is that Burford's proportion of this award (the first) may take some time to flow into our coffers and will miss the imminent FY2022 full year accounts report. Other than that, the Burford machine will keep churning out positive results in all areas of it's litigation business.

"The UK’s Competition Appeal Tribunal has ordered DAF to pay approximately £17.5 million in damages to BT and Royal Mail as part of a landmark ruling confirming the country’s first successful follow-on claim against a member of the EU Trucks cartel".

https://www.burfordcapital.com/media-room/media-room-container/hausfeld-to-pursue-trucks-cartel-claim-in-the-uk-backed-by-financing-from-burford-capital/

https://globalcompetitionreview.com/article/cat-delivers-win-royal-mail-and-bt-in-first-ever-trucks-damages-ruling

https://www.thetimes.co.uk/article/royal-mail-and-bt-awarded-20m-in-truck-cartel-ruling-6vz7xgtpb

Topped up yesterday. :-))

Day 216.

"Let me remind you that the interest on the (likely) judgment grows at 9% per year according to CPLR § 5001 of the State of New York.

This delay will probably cost Argentina dearly".