Burford Capital Share Discussion Threads

[jockthescot75] 19/4/2024 20:26

Exactly as I suggested at 26065.
Super interesting.

[somerset lad] 19/4/2024 20:08

Seb has posted.

I don't think BUR really wants to take delivery of the expropriated YPF shares. Owning shares in a company in a jurisdiction whose legislature is potentially very hostile to you is a recipe for value destruction. But the application does, very neatly, put ARG's feet to the fire.

I suspect BUR was quite happy with Judge Preska's order to publish. If BUR were unhappy they would presumably have asked the Judge to delay the publication date to give them time to consider and pursue a possible appeal. BUR may well have felt that they needed to assert confidentiality for consistency with other applications they may make in future, where they really do want to keep the detail under wraps (to avoid tipping off e.g. other creditors who might want to go after the same assets).

[jockthescot75] 19/4/2024 19:04

Sounds like we’re going to see what this content in the document is according to Seb.

[375uv] 19/4/2024 15:36

Interesting piece by Seb about YPF, Argentina and Burford.

WALL STREET SHOULD START ASKING ARGENTINA UNCOMFORTABLE QUESTIONS

hxxps://www.linkedin.com/posts/sebastianmaril_wall-street-should-start-asking-argentina-activity-7187039522562400256-gsOJ?utm_source=share&utm_medium=member_desktop

[rar100] 19/4/2024 09:29

Thanks all for your replies, I bought into BUR a few years ago - when it was vaunted to be a 'new asset class' and also almost a Robin Hood figure - giving 'poorer' people access to legal help/finance, where there was virtually none before.

It was a disrupter, I did pretty well the shares kept going north until MUDDY WATERS, and that was game over in one day, I sold. Since then it's been a roller coaster, it never has got it's reputation back from the attack.

The Argentina saga seems endless, so much potential but........

Over one year the share price has done very well but a shame it went so low in the first place, a traders dream perhaps (if one has the time/expertise in it's niche landscape)

GLA again and thanks

[galatea99] 18/4/2024 20:08

has this been posted previously, a research note from Focus Capital Managemwnt?

[syoun2] 17/4/2024 18:38

Hope there selling all the holdings & price being held back for a bit but great opportunity to buy. Unfortunately I’m already fully loaded

[extrader] 17/4/2024 16:20

Seb's latest

.."In February, the IMF warned Argentina that it needs to address legal issues related to recent court rulings if it wants to regain access to international credit..."

Extracts (which I can't copy) follow...and refer specifically to the YPF and GDP bond-linked cases..

GLA

[futurekid] 16/4/2024 21:41

rAr100 - over the last 12 months depending on when you bought it’s significantly up. Going forward the whole market does not yet have confidence in the mid term spreadsheet forecasts but sooner or later the penny:cent will drop!

[syoun2] 16/4/2024 21:37

That’s in reply to rar100

[syoun2] 16/4/2024 21:34

That’s in reply to rar100

[syoun2] 16/4/2024 21:28

In my view you are not looking at things correctly. The nature of Burford will encourage volatility. Almost everything is secret or unknown. Markets/traders love volatility it’s how you make money

[lomax99] 16/4/2024 19:32

Well in fractionally over a year it is up from a low of c 550p, so I am not really sure what you were expecting.

[rar100] 16/4/2024 19:19

I'm not the greatest at reading annual reports but can usually get a fairly good idea of how things are, but Burford's are a total mystery not being a high end lawyer/accountant).

The uptick in earnings difference '22 to '23 looked staggeringly good but as the share price didn't seem to back this up, I guess I was missing a lot of detail that's beyond my understanding and time constraints to wade through.

Mithaq doesn't help things of course.

So my questions are how do you rate 2023's results and if they are as good as the top lines suggest (and what Burford have to say about how well they are doing) why isn't the share price flying north. (I guess it's Argentina - which is just a can of worms to me).

I will appreciate any views

GLA

[nigelpm] 16/4/2024 16:13

That explains the drop - great opportunity.

[mighunter] 16/4/2024 16:05

Mithaq continuing to use their Burford holding like an overdraft in market conditions

[chester9] 16/4/2024 15:50

Mithaq Capital SPC holding reduction confirmed.

[chester9] 16/4/2024 12:02

Burford larger drops in 7 months26 percent 8 Sept to 28 oct10 percent 27 dec to 22 Jan 14 percent 14 feb to 13 March 12 percent 12 apr to 15 AprilOverall up 11 percent 1 sept to today.To quote Tom Jones it's not unusual, traders love it.

[saltraider] 16/4/2024 11:23

@dekle ... I presume that must be sarcasm. Otherwise, where is "such a big drop". I don't see anything beyond the usual volatility.

[dekle] 16/4/2024 09:18

With such a big drop in the share price I would have thought the exchanges would have called for a statement from the company?

[tnt99] 16/4/2024 08:11

Good buying opp for a compsny worth more than the us economy which is bust

[375uv] 15/4/2024 17:01

Don't underestimate what's going on in Judge Preska's court.

[jockthescot75] 15/4/2024 16:51

Could this be related to YPF itself? i.e. that's the asset?