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Https://seekingalpha.com/article/4679273-will-argentina-pay-burford-and-when
Isnt it the case that the fair valuation of the YPF case in books might be compareable to recent market discount on Arg bonds, added that the claim and award has many advantage as opposed to the bonds? So -especially after the appeal process concluded - Burf (and plaintiffs) could easily sell their claims for cc 25-33 % of the face value (or face value plus accumulated interrests. So currently beside waiting for the appeal process, it all about getting more than that (and also maybe getting YPF responsibility back into )the case)
So around 1.5 bn for BUR it can be regarded as granted.
Teddy I am honestly grateful for every good advice. I have dealt with many "high risk - huge possible performance ' type.of shares. In order to avoid one step fiorard two step back, or four step fw 10 step back, after succesfuly reach x folded price, I tend and am eager to pull out some of my initial capital. On a broader scale, for longer term success, dealing with many others also where the risk of sinking to 0 might be regarded as low, but definetaly not zero, I have found this way to be less stressful, and more succesful.
Of course even after pulling my own money ouz, I hold a nice position here, and wish proft taking partly would be proved to be a very very early bad decision ... :-)
I am not really familiar with Bangladesh modern pilitical history . Have you ever heard of expropriation or any similar anti market stuff? So when considering all the risk factor, not getting permits migjt have a chance, (letting Phulbari out from the selected mine areas also) , but giving green ligjhts but not to GCM is out of question?
Around 800e usd per day for BUR...
Even if the half or third would arrive in the future, thats quite impressive. (According to Seb, one hardly understandeble reason for appealing instead of earlier settlement.)
Even Venezuela is trying to settle somehow to save or avoid a disountes sale of CITGO, by offering cash, future instalments, etc. Atgentina should also offer some cash, futurd instalments, and royalties to a mix of its huge natural reources.
As they have menaingful growth potential, they wont let those cash inflows (which exceeds expenaes and finance costs ) "free", but reinvest along with other sources (bond issuance, or through thier funds). And thats a good news, rather barely new...
Running out of cases thus cash inflows that vomes from covid caused postponement wont neccesserely means that revenue growth will soften sharply later, for the above mentioned reason with growth financed by several sources.
The ypf case should be resolved once, but hopefully that money comes from there will be reinvested into - growth again.
Recent sp includes the ypf case omly with a huge discount . I dont say the books, but the market valuation . In spite the facts that was elaborsted below, related to other Arg assets rerated (binds and several companies shares (YPF, Pampa Energia etc ) br
Other thing: it simply doesnt make sense to compare any P/E ratio to historical data, especially to the rexent few years. Muddy, then Covid, etc. Average years dont exist, at least not in this half decade yet