Member Info for Renegade

It seems to me that yesterday's presentation was clearly aimed at the big boy American Financial Institutions and those companies who need our world class litigation services. Look at us, this is what we can earn and this is what we can do for you seemed to be the theme of the day!

Clearly the Burford presentation data is out there now but in may take some time for those same institutions/companies/investors to digest it in it's entirety, process that information and start buying the shares going towards a rerate and a substantial increase in the SP. A value that would be more realistic and inline with our current forecasted earnings.

Of particular note was a comment made by Chris Bogart in the Q&A session with a member of the audience - discussing future earnings (he seemed flabbergasted). Words to the effect of "that's why I'm buying lots of shares". Burford undervalued or what?

Burford Capital Limited, the leading global finance and asset management firm focused on law, has announced it will hold an Investor Event on Tuesday, November 2, 2021 at 10.00am-12.30pm EDT / 2.00-4.30pm GMT / 3.00-5.30pm CET. The Investor Event will be hosted by Christopher Bogart, Chief Executive Officer and Co-Founder, and Jonathan Molot, Chief Investment Officer and Co-Founder, as well as other members of Burford's senior management team.

https://www.lse.co.uk/rns/BUR/notice-of-investor-event-registration-details-a3e29uc7tnidxgr.html

Big bucks at stake here for the new Argie Government!

Red or black? Settle before the trial or risk it? The green is not in play and not an option.

Judge Sonchi, who is handling the YPF v Maxus Energy case, has just published the schedule for the next few months. - Trial begins June 2022. - Do you remember when the trial for the expropriation of YPF began? - June 2022. - Between the two, up to USD 23,000 M at stake. - It gets cute.

https://twitter.com/SebastianMaril/status/1450537688080257025

The order went out. Preska admits that Argentina has sufficient arguments to extend the time limits based on the amount of evidence presented by Burford Capital. - I clarify that originally, the trial should have already started. - There are always reasons to postpone it.

https://pbs.twimg.com/media/FBNM9avX0A8fXXk?format=jpg&name=900x900

Poindexter,

had things going on in the background so not so sure. You may be right.

Poindexter,

To be fair, I thought I heard him say that "this is new to USA investors, that no other companies are doing this in the USA". Burford are by far the market leaders by some margin.

He also confirmed (yet again) that the YPF case is due for trial in May 2022.

Was it me or did CB go on for some time re settlement cases? A trial outcome can be much more expensive (if I recall correctly, I think that he said up to 5x more expensive) than settlement!

Bodes well for us leading up to the YPF trial.

Don't forget to register for Chris Bogart on Webinar at 18.30 hrs today.

https://www.sharesmagazine.co.uk/events/event/shares-investor-webinar-051021

TRIAL FOR THE EXPROPRIATION OF YPF.

1. After 6 years of litigation, on Friday, the Government and YPF presented a report to the court on Argentine laws and how they should be applied during the trial that begins in May 2022.

2. The day before this presentation, Argentina, YPF and Burford Capital agreed that the report, for now, be confidential.

3. On 29 / Oct., Burford will present his report exclusively responding to the arguments of the report presented by Argentina and YPF.

4. Unfortunately, Burford's response will also be kept confidential.

5. It is worth remembering that Judge Preska in May 2020 ruled in favour of Burford and ordered that the trial be held in NY, but considering Argentine law (forum non conveniens).

6. Argentina and YPF are obliged to reverse Burford's report before 22 / Nov.

7. The case gets interesting from this date on.

8. On December 7 there will be a hearing with the judge and a month later, Burford will ask for a "Summary Judgment."

9. In the Summary Judgment (SM), Burford will put all the cards on the table, including material on the privatization and subsequent nationalization of YPF.

10. The SM asks the Judge to rule in favour of one of the parties without going to a full trial.

11. On March 3, Arg / YPF must respond to the SM requested by Burford and on March 31, Burford must reply to Arg and YPF.

12. Between Mar / 22 and May / 22, Judge Preska must decide whether to end the case (final ruling after 7 years) or to start the oral trial.

13. Opinion: The responsible way to end this lawsuit is an out-of-court settlement. If both parties bet on waiting for a ruling from the Judge, whoever loses will lose a lot. They both know that the money damage of the loser is important.

14. Burford would lose a lot of capitalization value as his shareholders and the market know the importance of this judgment for the London company. You only need to read your balances to confirm it.

15. And Argentina (the taxpayers), if we lose, we will have to pay more than USD 3,500 M on the USD 5,000 M that we already paid to Repsol.

16. For this reason, at the hearing on Dec / 21, it will be the first opportunity to start negotiating an agreement.

AND LASTLY ...... A BIG THANKS TO SM FOR POSTING THIS INFORMATION.

SP is $11.27 in USA as I type.

Docket 333 posted yesterday:

PROPOSED STIPULATION AND ORDER. Document filed by Argentine Republic..(Giuffra, Robert)

https://www.pacermonitor.com/public/case/7977221/Petersen_Energia_Inversora,_SAU_et_al_v_Argentine_Republic_et_al

ORDER: In light of the schedule set forth in most recent scheduling order (dkt. no. 262 in 16-cv-8569), the status conferences scheduled for August 31, 2021 (see dkt. no. 231) and November 10, 2021 (see dkt. no. 253) are hereby adjourned to December 7, 2021 at 2:00 p.m. EST. SO ORDERED. ( Status Conference set for 12/7/2021 at 02:00 PM before Judge Loretta A. Preska.) (Signed by Judge Loretta A. Preska on 8/26/2021) (va)

https://www.pacermonitor.com/public/case/7977221/Petersen_Energia_Inversora,_SAU_et_al_v_Argentine_Republic_et_al

Interesting off topic:

Seb Maril - 1hr ago. YPF and Maxus confirm that they have already started the mediation process, while the litigation continues in parallel. They hired William Chandler as a mediator. There will be new meetings in the coming weeks.

Seb Maril - 10hr ago. YPF mulls cross-border finance - YPF is in talks with a multilateral lender for x-border financing to help meet debt payments next year, after covering most of these needs for the second half of this year with the sale of a $384m bond in the local market.

Spiked to $11.97???

Order 331

SCHEDULING ORDER granting 330 Letter Motion for Extension of Time. The parties hereby submit the following proposed scheduling order for these consolidated cases: Fact Discovery Closes August 27, 2021. Expert Discovery Closes December 31, 2021. Motions for Summary Judgment Due January 20, 2022. Oppositions to Motions for Summary Judgment Due March 3, 2022. Replies in Support of Motions for Summary Judgment Due March 31, 2022. SO ORDERED. (Signed by Judge Loretta A. Preska on 7/29/21) (yv)
--------------------
Set/Reset Deadlines: Expert Discovery due by 12/31/2021. Fact Discovery due by 8/27/2021. Motions due by 1/20/2022. Responses due by 3/3/2022. Replies due by 3/31/2022. (yv)

https://www.pacermonitor.com/public/case/7977221/Petersen_Energia_Inversora,_SAU_et_al_v_Argentine_Republic_et_al

When the USA markets open this afternoon it will be interesting to see what the yanks think of today's SP drop.

Value for money?

Because, a full write up with some factual comments written in an unbiased yet positive way would surely add to our global credence. Who knows, that positivity may way spread to other media formats.

Could someone please post the full article?

Thanks

https://www.thetimes.co.uk/article/russian-oligarch-farkhad-akhmedov-settles-450m-divorce-dzggrr973

The Spanish companies Petersen, yesterday incorporated three heavyweights from Kirkland & Ellis as lawyers in the case for the expropriation of YPF. All 3 are Partners and Appeals and Supreme Court specialists: - George W. Hicks - Paul D. Clement - C. Harker Rhodes . Stay tuned.

https://twitter.com/SebastianMaril

Open link below, right click mouse and translate to English:

https://www.vozpopuli.com/economia_y_finanzas/espana-argentina-juicio-expropiacion-repsol.html

Must have found that spare cash pile hidden in the sofa.

https://www.lse.co.uk/rns/BUR/tender-offer-for-burford-capital-plcs-2022-bonds-mvu5omnoczdo69m.html