George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Let’s see where the US shorts take us in the coming months.
No one knows, but the general consensus seems to be around 2 weeks till she make a decision.
Got to say it does worry me how confusing their accounting is.
A lot of people won’t invest if they don’t understand the books. They really need a summary overview clarifying the key metrics, as we are investing a bit blind otherwise.
It’s still all to come, but don’t think they communicate as effectively as they could. It can be as complex as you make it, with the forward values adding the complexity. The detail is incredible but their audience are not all high end accountants.
Business looks VERY strong, it is really churning now all them vintages around.
Takes a while to sift through all the details, look forward to the investor call.
I was tempted to sell at £11.04 but didn’t, as would still be a decent profit. It drops daily soon a US opens at the moment, so as expected. I think we are sailing in a bull market so any good news will make this go much higher.
Also agree they are released earlier than usual, on div day to! Even though this is the first Q3 they have ever produced.
Business should be booming! Just court system and payments take sooo long.
If they are bad and not sold, happy to hold in short/medium. It’s a low risk hold in my opinion.
Good luck all
I have no idea what to expect tomorrow, more of the same I guess with improvement on the bottom line. It is about time we have a strong report though.
See shorts are persistent in the US still.
The US shorts is a tricky one to judge. They were also there when this rose to £13.40. Allocated to shorting, not being shorted or in play. Usually if shorts are in play you will see a push down and then rise with the selling, prior to a steady natural rise to positive expectations in form of news coming soon, or a bomb shell of news dropping and they sell fast. I’m 50:50 if the first will happen, but I’m surfing the positive market sentiment this week, which has boosted most shares.
Pathetic volume as usual in the UK, with 15k shares traded.
All we need now is strong profits for this to fly ....
We know there is strong demand and strong realizations, cash receipts are good, just that PROFIT, should be good results as interest rates have remained steady now, and court backlog should be clearing well. We also know the last 6 months are generally much stronger for the business with cases completed through the legal system.
I filled my boots sub £10.
Manage to bag some sub £10, yesterday, I think I will obtain some more before this rises prior to Q3 results.
Got to keep an eye on them pesky shorts, they managed to drop the SP almost 30%! When it’s an artificial drop, it’s an opportunity.
Lots of opportunities at the moment - I'm buying Easyjet and Glencore soon.
The business is firing on all cylinders. For the CEO to state this twice, who is himself a lawyer at heart and sticks very closely to the rule book is a real clear indicator, that the cogs are turning at pace.
Keep calm and add.
25% drop is incredible. Nothing has changed, it’s still all
to come. US shorts are to blame and low fund purchases round the world, general market conditions have also not helped.
Yep FCC, the market is very harsh at the moment. BUR need to prove themselves now, we need to see strong profits. Problem is know one knows when, not even BUR, which they have admitted to. lol
Probability says, it should be soon!! (next 6 months) Come on back log of cases.
Another buy from me. Top up. Lovely price.
SWF is the more expensive funding option 25% hair cut. They want to fade it out, it has been a great leaping stone to being more self funded. But the Covid delays has slowed case
Progress and they still need it. Seems they have now negotiated better terms.
We are forgetting Burford is a growth stock, more is going out than coming in currently, but next 12 months we will be hitting them large numbers, I’m concentrating on existing delayed portfolio now. Petersen will unravel in due course.
Bumper load of cash realisations in Q3. Is highly plausible, as so many vintages have been moving along as demonstrated from Q2 results, and most settle. Fact.
I added yesterday around 10.88 mark. With top ups forecast down to £9.00 if it goes that low, if no one else sees the opportunity.
In 12 months, this SP is going to paint a very different picture.
Down she goes. where she will stop nobody knows.
The next update could make us look cheap, but that is around 6/7 weeks around.
Preak's ruling, if positive for BUR could help, provide a boost. They have not filed their appeal yet! Are they waiting to see what Preska says first!? Interesting
Shorts in UK now having a play.
Hold onto your seats, it’s going to be a bumpy ride.