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OK so US ends 12.30, we start at 11.80. Someone is playing games. Managed to grab some early though.
Yes, shorts have been reducing for days now in the US, let's hope they aim to close, this will mean this share will be less volatile in the future, and if the results are seen as positive, will see the next step up to mid-teens in the coming months.
March it is then. Let’s hope Q4 was solid and showed conviction in case wins. It’s certainly overdue! And was envisioned to be the case by Bogart.
If 2nd circuit overturns Preska judgement on YPF being liable, they can then only go to the Supreme Court once again, but they don’t usually accept cases like this, didn’t last time on if this was a US court matter to decide.
This is a relatively simple case of breach of contract, under SEC and NYSE rules. The evidence is clear as day, hence the SJ in this matter.
More time wasting. Don’t believe a summary judgment has been overturned before in this court. Would say it has 1% chance of being overturned.
Higher chances of YPF now proving to be liable.
More time wasting and repeated accusations. Even repeated the decision the trial should not be heard in a US court!! Wow what a joke.
2nd drop in recent weeks.
Very good sign.
Well Q3 was not great, not much can be done in 3 months in the legal world, it’s so slow. So expect wins but cash still IOU’s.
Sure they will make them look good, in their usual fashion, making it really complicated.
Going to fill my boots at £11 hopefully, or close to that as possible.
Should get notice of FY in week or so i think. Published either end Feb or start of March.
Shorts closing in US
Looks like we are just moving with the general markets today.
Catalyst - inflation figures & being on AIM
Last quarter’s results, was the first in a longtime to show we are making a small profit now. Shows you how much news moves a SP, but then the fundamentals catch up eventually. FY will show we are moving in the right direction, next 12 months I feel is a real game changer for BUR.
First buy back in.
They are a growing company, raising capital is to be expected.
More going out than coming in still.
Volume is fine to talk about, don’t be silly. It’s all subjective. BBH has stated volume in the past, so have many long term respectable holders on blue board. Yes, these boards are filled with very experienced traders like myself, and a lot of newbies dipping their toes in. Everyone has a different perspective, there is no narrative to follow and no right or wrong. All views and experiences are welcome.
Some of us have already made what you want to achieve, I got in the lows of MW attacks as some of you know, so about 180% gain on over 50000 shares, made up of SP gains and trading the stock. For me anymore is a god send really.
Very confident this will smash £20 in the years ahead.
What do you think ffc? Drift down now till FY results
They have 15 in their enforcement team, but yes still be lawyers cost and a lot of it!
See if they can find a different angle to everyone else that has tried!
It’s as expected, nothing of a surprise. The judge is just sticking to her word, and acting what she already spelt out would happen .
Problem is, many funds/companies have tried seizing Argie assets prior and it’s an extremely difficult task.
Buy back in £11.28. Hoping for strong letter today from BUR legal team and a response from judge soon, to say you have not met any of my demands, so be it. Open the gates to the lions.
Absolutely FFC, they will eventually settle. When they settled Repsol 5B, the Spanish government put a full embargo in place - they needed imports from Spain more.
Not many companies have a highly skilled, experienced and primed enforcement team in-house, ready to act immediately. No other company in the world is in a better position than Burford, to collect this dept.
Will it go sub £11 is the question :D
Argies are not paying, burford need to find some assets for leverage.