Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Seized Sorry. In a pub and had a merry few. So apologies, bit hashed together. Beer going down, share price going up - beautiful
Todays FT article is unusually unbiased and fair; for them. But outdated already.
How long does the appeal take! 2 years, wrong. And nothing about Preskas ultimatum! If they want to stay enforcement. Which is current and has huge consequences. If any one subscribes to ft.com please kindly correct them in the notes at the bottom of the article.
As the Argie laws said, they can’t have burfords collection team operating in the same market to redeem there current commitments. (US Banks $$$$)
Also YPF shares owned by the government can be ceased.
Burfords collection team are the best in the world, made a Russian billionaire pay his ex-wife, no one said they could do that either!
I don’t always get it right, takes years to see a pattern. It’s just an easy low ball to me, if it drops past £10 I will just double my sizeable position.
The FY results should be the strongest yet. I like the latest positive write ups recently. Im just working with the shorts, with regards to trading, use them to bring the stock back down for me on peaks.
I think this will be bouncing between £10 - £11 till the 10th. Argentina will only settle with a payment plan when they are cornered, this is all playing out beautifully for that. The vintage’s are not to be ignored, this could also shoot up 30% at a drop of a hat on a speech or update on a few vital pending events.
Loaded up yesterday, very happy with my position at 10.50.
Will now hold for 12 months.
Back to bargain levels, thanks to US shorts. Which have increased.
This is going to explode in 2024.
Interest rate cuts
YPF Outcome
Vintages
Sysco Food case
Accounts showing huge gains
Look forward to the FY Results
There is a fairly clear timeline of events. I’ve created a butford calendar, like I do with all my researched stocks.
High chance that in 2024 the SP is going to do very well.
Her choice of the date was well thought-out I’m sure and she certainly knows what’s she doing. It got their attention.
1 month extension for a new administration is the first reasonable request they have made. As new cabinet is being formed; a new liberal cabinet which will be working to clear this issue to be able to meet their agenda.
Be surprised if she doesn’t extend it a month, all considering.
I sold £11.40. Busy back sub £10 hopefully.
Judge Loretta Preska recommended that the Court of Appeals treat this appeal in an "expedited manner (XAC)" to avoid any conflicts with the attachment of sovereign assets. A XAC is currently taking no less than 120 days when compared to a traditional appeal which is currently taking between 9-12 months.
I agree Pennylot.
Also agree it will bring them closes to the negotiating table, with Argies finding it difficult to pay financing commitments, when BUR cease the money soon as it lands in a US bank, which was designated to pay dept/bonds. New president will have no choice but to remove this barrier.
Still will take time.
Will be interesting, on the train most of today so will check back when I get a signal.
Good luck all.
Just as well FCC, i filled my boots again 8am. Looks like the news is getting out now.
Preska has really helped us here.
Very well played by judge Preska and so pleased I topped up yesterday, this could rally the SP indeed!
Can't wait to watch this unfold. Also seeing what the vintages bring in.
Https://news.bloomberglaw.com/business-and-practice/china-firm-funds-us-lawsuits-amid-push-to-disclose-foreign-ties
Seems influential, Bogart said they already spent 2M on legal fees.
All the buzz of YPF/Arges, takes our eyes off the ball of the core business.
Https://www.ft.com/content/d6b1690e-2eda-4e10-8d98-915a382bd2ac
I added on Friday, as thought Preska might publish verdict. Only thing that will make this drift up constantly, will be constant positive news and the UK Funds buying again. starting to see the momentum in news now. Still got a large short position in the US to keep an eye on. For me I watch the volume, low volume the shorts will play.
It is risk free I feel, if you invest now, what's 12-24 to wait to see this double.
I'm trading this as I live and breath this stock as you know, have made huge gains being invested for 4 years now, but I would advise sticking it out and just ignoring the dips and bumps.
I will buy in heavily prior to FY results.
Even with the backing of the center-right opposition, political newcomer Milei has "very little legislative power," said analyst Carlos Gervasoni of the Torcuato Di Tella University.
"So there is no way to pass laws that, for example, require changing the country's currency or closing the central bank."
- What will happen with the peso? -
To try and keep a lid on inflation, the Argentine government has for years strictly controlled the exchange rate of the peso to the dollar, which was frozen for three months before the election and is now being allowed to devalue at three percent per month.
The exchange rate is "a total fiction. And to maintain it is extremely expensive. Argentina just has literally no money. It can't continue doing this," said Nicolas Saldias, a senior analyst with the Economist Intelligence Unit.
Between now and when Milei takes office, "things could rapidly scale out of control in those weeks. That's a period of a lot of instability," said political analyst Ana Iparraguirre of GBAO Strategies.
I read Milel will settle, but his advisors said in around 2 years.
But anything can happen, all eyes on Preskas decision now, which could be this week now elections are out the way.
Hi FCC, sold out at £11.20 ish. I’m buying some today just so I don’t miss the boat, I don’t think peska will let them off the hook, but also makes sense to wait till 2nd circuit decide to avoid a lot of expense and complications, not sure if NY law allows though, as they are not good on their word and they have said they have nothing in the old coffers, if she denies a stay, I think rise will be short lived - as still need to collect and wow a huge timely task that is (years). Also making good interest on cash! So not in any rush, but aim to be back in prior to FY in Feb/May.
Nice update thanks Cuban,
now just need to time when to buy back in prior to FY record results.