Burford Capital Share Discussion Threads

[375uv] 14/4/2024 12:30

Argentina's reaction to Petersen/Eton's objection to unseal their own submission will be revealing.

Keep this in mind: Petersen/Eton stated on Friday their desire for Preska to issue a ruling similar to one that kept the identity of the asset sought by London-based Attestor Master Value Fund confidential. Now, we don't know whether Petersen/Eton's filing relates to an asset, but let's assume it does.

I just reviewed that submission, and Attestor argued that the "sensitivity of the financial information" related to the asset warranted confidentiality.

Therefore, Burford (Petersen/Eton) believes that their motion filed on April 1 contains highly sensitive financial information. Argentina wants to unseal it because they want to show that Burford behaves as "dirty" as Elliott did during the holdouts saga.

Just an opinion.

[tomtrudgian] 14/4/2024 12:24

Very useful as always Extrader. Could you kindly expand with further detail? Is this anything to do with negotiations between the Petersen family and the Kitchener government prior to the expropriation possibly? Both deserved each other some might say. Do please let us have your thoughts.

Now a warning caveat: I met a shareholder recently who was quite certain that, being AIM quoted, his BUR shares benefited from both Business Property Relief from Inheritance tax, and Capital Gains Tax too. Not so.

UK BPR relief ended when BUR was additionally quoted on the US NYSE. If held outside an ISA, the annual UK Capital Gains Tax allowance relief has been reduced from £12,300 (22/3) to £6000 (23/4), and now just £3000 (24/5).

[extrader] 13/4/2024 19:38

As to the Q before Preska, perhaps the doc/info that BUR wants to include (but keep confidential) and ARG wants to exclude (and make public) is something that is useful to BUR (legally) and to ARG current Govt (politically).

What might that be ?

Perhaps it's the dubious circumstances/transaction detail surrounding prev Govt role in the YPF saga : say, from BUR's POV, something that may cast the Defendants in a bad light (morally, etc), but doesn't imperil their legal position, but which for Milei's Govt- if publicised- could neutralize/discredit the prev Govt / Kirchner et al opposition to any eventual attempt at settlement.

In other words, ARG/Milei may be trying to gain political points domestically (by disclosure of doc contents now), whilst still opposing the docs' admission in evidence (esp.if they recognise that the contents won't help ARG legally)*.

* a piece of 'cakeism' worthy of BoJo, if so!


Whatever, the US stock market seems relatively sanguine : GGAL closing only fractionally down at $29.60 and YPF @ $ 21.17, both favourable compared to the wider market, FWLIW.

GLA



 

[extrader] 13/4/2024 18:55

Pictet North America Advisors SA Dec 31, 2023 7.6m 0.0 3.50

Columbia Threadneedle Investments (US) Dec 31, 2023 7.2m 95.9k 3.31

per Stockopedia...

Oh, and of course Mithaq, now down to around 8.4% after its recent part-disposal, reportedly to fund another investment.

[planit2] 13/4/2024 14:33

Could it be related to the debt collection?

If it's something that could be used for PR in the public domain, Argentina would want it unsealed but Burford wouldn't.

Like raiding the fund for homeless people.

[donald pond] 13/4/2024 07:18

7.4m apparently for sale in the US. Only a couple of institutions hold that many

[syoun2] 13/4/2024 06:20

Could it be something to do with the facts relating to who gets their money first. Just a thought

[375uv] 12/4/2024 21:35

For once, I want Judge Preska to rule in favor of the Republic. If Petersen/Eton filed this thing, it cannot be bad for them. My question is why would Burford not want to make it available to the public if they filed it?

The interesting thing is that Argentina and YPF support the unsealing of this filing, but we know that they oppose what Burford has asked Judge Preska to rule on.

I think we should pay close attention to this.

[chester9] 12/4/2024 21:06

7% drop in US.Seb advises something is unusual about"What's happening in Preska's court is very interesting.On April 1st, judgment creditors submitted a motion under seal. We can see this event in the docket but we don't have access to it. YPF and Argentina oppose this document being filed under seal and want the judge to unseal it. Judge Preska will soon decide whether to lift the confidentiality order.However, on May 16th, Argentina will submit a document opposing the content of the aforementioned document (but wants the discussion to be seen by the public)."What's in it that Argentina want the public to see

[syoun2] 12/4/2024 19:51

Big volume do someone off loading big time

[syoun2] 12/4/2024 19:45

Where the fuc.. did that come from?

[tnt99] 10/4/2024 18:12

Waking up to the sky limit on this share ?

[this tea tastes of chicken] 10/4/2024 15:10

Global Retail Shareholder Call 3pm BST 20 June 2024

[gettingrichslow] 10/4/2024 09:41

I’ve just been chatting to a friend who is a partner of a big City law firm and I asked him what he knows about Burford. He said they have a very good reputation in the City and he was also familiar with the Argentina case. He thinks they will collect in the next 18 months after a deal is struck with Millei. He also said he’d be tempted to buy in to Burford himself if he was allowed to, but he can’t. All of this is very reassuring to me as a Burford investor!

[syoun2] 09/4/2024 20:21

US volume 5 times AIM today

[ptolemy] 09/4/2024 19:22

Yes, high of today looks to be highest in 4.5 yrs

[riverman77] 09/4/2024 18:56

Yes the US shares close to their all time highs of last September. Would expect it to power through this before too long.

[donald pond] 09/4/2024 18:06

Looking good in US

[futurekid] 09/4/2024 17:33

Patience will be soon rewarded ...

[lomax99] 07/4/2024 08:30

Patience........

[tnt99] 06/4/2024 20:28

Don't understand why this is not back up to 18 quid yet Results speak for themselves this company is going places no other litigator can go

[extrader] 02/4/2024 16:05

Ashmore's (brief) latest :

.."Argentina: The monthly economic activity index declined 4.3% yoy in January, an improvement over the 4.5% yoy contraction in December and ahead of survey expectations. The index was boosted by the agricultural sector but saw a decline in manufacturing."

Slowly, slowly...

GLA

[mighunter] 02/4/2024 09:28

As did the American Association for Justice in a separate submission

[chester9] 02/4/2024 08:04

From Seb .A group of US investment bankers with experience with ADRs, corporate and sovereign debt issuance, have filed an Amicus Brief in support of YPF judgment creditors.

[djderry] 29/3/2024 07:00

Excellent,very useful,thank you.