The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Twt,
I've got £2,671,815.71 (ish) spent so far (before today trading) so a little way to go to get to that £4M buyback.
In my view, it looks like the yanks are happy to trade this in the $14 to $14.5 region. Time will tell though if that plays out.
Fwiw, just watched the Artem Fokin interview on youtube. He and the interviewer were both very bullish on Burford. One comment which I noted and liked was that "the business was firing on all cylinders now, Covid cases are coming in".
Seb Maril is on the case:
https://www.lanacion.com.ar/economia/ypf-piden-a-la-jueza-empezar-a-embargar-en-30-dias-nid22092023/
And:
https://twitter.com/SebastianMaril/status/1705345495135068578/photo/1
Twt,
It's all in the link that I provided earlier. What is interesting is that a company can manipulate it's own share price by buying/issuing/selling it's own shares into the market. In this case it's very smart and positive share buying action which has stimulated the share price.
Is it a sign of better things to come? Time will tell.
To be read with your morning cuppa:
https://www.investopedia.com/ask/answers/042015/why-would-company-buyback-its-own-shares.asp#:~:text=However%2C%20there%20are%20several%20reasons,boosting%20its%20key%20financial%20ratios.
Thanks for the link ffc.
I particularly like Christopher Bogart's last and closing comment " and once again, thank you all very much for your support in what is turning out to be a pretty super fantastic year for us".
He says it all really.
Btw,
Seb's post was almost a year ago so it will be interesting to see if the Argentinian Republic review their report in September 2023 and if they amend the previous figure.
Ffc,
In my view the Argentinian Republic had already accepted the loss when they submitted their annual report to the US SEC - updating the information on international litigation - with or without judgement publishing potential damages at USD 8,400 million. This was reported by Seb Maril on 30 Sep 2022.
Some time ago, someone posted a message which read "how can you post a bond without knowing the actual amount of the damages"?
Well there we have it folks in black and white, a summary of the total damages.
The big question now is, what percentage of the the damages will Argentina have to post as a bond and in what timescale? Indeed, will they have to post a bond at all???
RNS out:
https://www.lse.co.uk/rns/BUR/statement-re-petersen-and-eton-park-matters-d2ljhmbdcmcp08k.html
Https://twitter.com/SebastianMaril/status/1700161343888712141