The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Only one shorter left over .5 now
they need something to shore up investor confidence. just seems like the latest investor presentation, based on up to June 2022 results. Still a nice read.
The market is completely ignoring the potential here, they have heard it all before and wants them to put their money where their mouth is.
Just an opportunity to buy more shares, very much looking forward to 2023, its going to be a very good year I feel.
She needs a rocket up her docket!!
Always a chance.
Burford just needs to prove its self now and has the fundamentals to do it, huge back log of cases waiting to almost just be processed. It’s had a horrendous last few years. I mean courts closing, you can’t get much worse really. We will be moving to quarterly results from 2023. We need 2/3 positive results in a row to starts getting the momentum back. In just 12 months it’s entirely possible we will be back to £20.
Like you said youonly it all starts with a Petersen win.
Youonly, if you don’t mind me asking; when are you expecting the ruling from Preska? Soon, before Christmas.. or is it anyones guess at the moment…
https://uk.advfn.com/stock-market/london/burford-capital-BUR/share-chat
Advfn is the blue board, this one red. Some members are part of both chat rooms, a lot flick between them. Mr Maril has commented in both chat forums previously. Donald Pond is a great reference point, does comes on here from time to time. Also chats to Mr Maril in tweeter feeds. Both boards are a good source of knowledge on BUR.
My personal opinion is that they won’t settle, the will await judgement then after sometime once BUR start attempting to cease assets, will put an offer on the table. But BUR might of sold the case by then for quick cash.
Sebs, post yesterday was more relating to discussion on the blue board about potential settlement, he’s just saying why it’s unlikely.
Hope everyone topped up! Even if it was just £100, as make the rides up and down worthwhile.
Let’s hope they have had a better 2nd half!
The courts closing down when already struggling with back logs has really not helped burford.
Top up time coming
No time limit for the judge to make her verdict. Different states in the US have different rules, but the southern state of New York, they can take as much time as they need.
Shorts are really working this stock as usual, on low volumes.
Does not look like the shorts bots are bothered about the rise in the US unfortunately. Low volumes lets them play their game, but they are taking more of a risk with the court judgement looming. Just an opportunity to top up. If we win judgement, which is highly likely as sophisticated NK investors have bet BIG 200 Million buying part the case early on (just looking at the legal facts that were presented at the time - which have not changed), this will be £11+ in 2/3 months. If we loose, play the dip, which could be sub £5. But will recover with in 18 months on court settlements from back logged cases flowing in and results vastly improving.
All eyes and ears on Preska via Mr Maril twitter feed and court access docs.
Offers little aid to the court, and court does not want to further delay proceedings.
Shorts playing there game. Huge amount of patience is required with this stock. Preska is so accommodating all the time, but she has to make a decision sooner of later and I think it will be September now.
If the market did not feel positive for a win, with the last setup results being so poor, this SP would be at -£6.00 by now.
https://www.lanacion.com.ar/economia/juicio-por-la-expropiacion-de-ypf-100-empresas-argentinas-presentaron-un-escrito-en-la-corte-de-nid10082022/
this is a good ready clarifying this situation, if you open up on a Desktop via google chrome, it will interpret for you.
She had accepted it, but now as BUR rejected it, she has retraced her decision and allowed both parties to present further information, they have 1 week.
All a-bit strange. Judge says she will wait for BUR to approve, but then accepts it anyway, now BUR look annoyed at the decision and that they don’t approve, now asking her to revoke her decision as it’s not normal practice, citing other cases it’s been rejected.
Update on Maril Twitter. Preska has accepted, didn’t wait. To do with YPF supporting summary judgment accordingly to him.
Well Burford have two days to accept it or not. Sure if it’s no advantage to them …
Hi Renegade, have a look a Seb Mail twitter accounts, he explains bit more what this is all about, regarding Amicus.
Unfortunately, it's nothing todo with mediating.