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"Burford intends to purchase as soon as practical up to 410,000 of its ordinary shares for total value not to exceed £4 million. "

I think the MM's played a blinder this a.m. Took the SP up quickly and allowed a lot of folk to sell out... then dropped the SP back down to start "slowly" filling that big buy order and selling back the sold shares to BUR.

BUR is at a heavily discounted price at this level and should be heading back to - at the very least - the lowest Broker rating of +£8 and much higher IMHO.

Interesting times and hopefully a great profit to show for January 2020 for those willing to buy and hold.

GL A :-)

Thanks Wellwell.

Fingers crossed.

Just trying to make sense of the continuing drop. Clearly HUR are in a far better position today, than at anytime in their past and yet here we are - long suffering LTH's - still seeing red day after day! :-(

Think this could be the reason for "some" of the SP dip. Perhaps the idea of BP making an offer for HUR is now less likely?

https://www.bbc.co.uk/news/uk-scotland-scotland-business-51019218

I wouldn't worry about the fall back... it should be back up later this afternoon. I expect we will see bigger buys into the close and maybe even some shorts closing out in anticipation of what lies ahead IMHO.

Just added more.

GL A :-)

"The market sees the repayment of the loan as angus doing things right"

LOL!

Paying back a loan - he should have paid back month ago - because he was pressured into it by investors - is hardly doing things right! Certainly a step in the right direction I'll grant you... now if Mr Tidswell took a few more steps out of the front door of the office (and never looked back)... the Market would "genuinely" be impressed - as would MOST investors here IMHO

YL ;-)

They need all the money they can get... every little counts. But Brownie Points that they kept their promise (this could be a first?)

Good solid progress on a number of issues and a clear strategy moving forward offering more fiscal transparency through the now confirmed US listing, adoption of new accounting rules, new appointments & buy-back of shares.

Draws a line in the sand IMHO

GL A :-)

With these laughable quotes on their homepage - who can "honestly" take Anguish Energy seriously?

"We are a team of petroleum industry specialists with a proven track record of operational excellence and fiscal discipline..."
&
"Our firm provides conventional production and low-risk exploration opportunities that are cash flow efficient."

Please correct me if I'm wrong:

1) "proven track record" what of... FAILURE?
2) "petroleum industry specialists" ... I thought we were sidelining our oil assets after repeated operational FAILURE?
3) "fiscal discipline" & "cash flow efficient" & 'LOW RISK!!!!!!!!!" Honestly... who are they trying to kid?

They should contact Anguish Energy for advice... they know all about water!

LOL ;-)

Wouldn't surprise me if they did an ALBA: Why not send Tidswell off with a spade to dig for gold... should prove a more value use of his time for shareholders?

LOL ;-)

Ocelot,

Doh! Thanks for pointing that out... sorry... my mistake. Honestly thought they had changed... too much to ask I guess!

Ja51, sorry... been away and only just read your post.

My understanding was that Tidswell was reprimanded by the OGA and on their insistence he was removed from the board. I did find a link some time ago & recall posting a quote from this about the matter... but haven't time to go back through and find it.

On another matter, what I have only just noticed is that following our comments back in mid November about the website claims under "What we do" they have now replaced blatant falsehoods such as:

"We are a team of petroleum industry specialists with a proven track record of operational excellence and fiscal discipline..."
&
"Our firm provides conventional production and low-risk exploration opportunities that are cash flow efficient."

...with a paragraph of eloquent but meaningless guff.

I wonder if Advertising Standards had a word and made them reconsider their earlier claims?

LOL!

YL ;-)

Tidswell "already" has a record of breaking the law and misleading shareholders... it's why he was surgically removed from the BOD by Vonk... and had his wrist slapped by the authorities... or did you "conveniently" forget that?

As gkb47 says: "nothing is ever straightforward with this company." And whilst Tidswell is still pulling his puppet's (Lucan''s) strings.. ANYTHING is possible!

Ocelot,
Really? A child could figure out what I am saying. But for your "special" benefit:

The SP was 12.28p on 7th January. It fell to 11.4p on the 9th January - and "hey presto" it was down to 9p the day the notification RNS was released.

Therefore: "some folk" obviously had advanced warning about Tidswell's imminent SP destroying coup at least a few days before we did - unless of course they were psychic!

Doh!

Ocelot: "Appointments generally start when someone is appointed..."

Indeed they do... but the share sell off starts BEFORE... because news has a nasty habit of leaking to close associates & The Market first - leaving the rest of us wondering why the share price is dropping.

And wouldn't you know... that is exactly what it did before notification of Tidswell's coup to appoint his proxy (Lucan)

Doh!

Crocqman,

please excuse my shorthand. For Lucan - read Tidswell (there's no difference between them. JTP appointed Lucan as proxy because has no oil & gas experience - which means he has to rely on JTP to continue to mess things up as usual).

A difficult concept for some to grasp I know... but I have been trying my best - as you rightfully point out.

LOL! I think you'll find that Lucan knew he was taking the job - at least a few weeks before "WE" were notified Ocelot!

In the words of Monty Python:

Q: "What have (Anguish Energy) ever done for us?"

Over 10p to under 1p in under 1 year!

Sadly - unless Lucan manages a bl**dy miracle in the next couple of weeks... your 89.7% is heading downward... not upward!

YL ;-)

More likely room for further losses - especially given the placement deal done Riverfort YA death spiral financiers!

And since money will run out here long before ANYTHING turns remotely profitable... the same pariah will return to give us more grief long before the SP shows any signs of recovery.

You only have to take a look at UKOG to see what's in store (and they are ACTUALLY producing something!!!!) no better way to dilute shareholders into oblivion than to go to YA with an empty cap in hand...

Please sir... can I have MORE?

YL ;-)

Anguish Energy: 95% LOSS in share value in Lucan's first year of tenancy...

Wonder how they will try polishing that t*rd of a FACT!

Ocelot,

You've been kicking the can down the road on "potential" share value here for as long as our BOD have...

... coincidence?

Funny that!

YL ;-)

Our utterly useless BOD cannot even fill a planning application in properly... so what hope do we have once any ground work starts?
The question you need to be asking right now is:
"How are Tidswell, Lucan & chums going to be paying their hefty wage bill into late 2020 & how soon before they hand the empty cap around YET AGAIN?"