Burford Capital Share Discussion Threads

[loglorry1] 16/3/2022 13:43

Tried to pick some up but I was too stingy. Ah well.

[williamcooper104] 16/3/2022 13:34

Ah 666 share price Trading position closed Also added a little to long term hold It doesn't pay much in way of divis but is a great trading toy

[divmad] 16/3/2022 13:34

Well I enjoyed that. Another £11k worth bought at £6.44 average.

[loglorry1] 16/3/2022 13:10

Maybe a poxy settlement agreed for Petersen. Possible.

[tnt99] 16/3/2022 13:07

In my view mms are pushing it down to catch stop losses because they know they will do well when this goes up to the moon??!!

[loglorry1] 16/3/2022 12:58

Feels like news leaking from somewhere though. It's been drip drip down all day.

[williamcooper104] 16/3/2022 12:55

Yep; in addition to being a long long term hold it's also been a long term in and out trading play Reasonable liquidity and no stamp duty

[nigelmoat] 16/3/2022 12:52

Mr market regularly walks this down and up on no news and thin trade. Watch for the large buys reported at end of day!

[williamcooper104] 16/3/2022 12:51

Time for a trading position

[lomax99] 16/3/2022 12:51

Adding more

[lomax99] 16/3/2022 12:49

mm's with an order to fill?

[divmad] 16/3/2022 12:36

What happened?

[williamcooper104] 16/3/2022 12:34

Wonder why the drop given markets up

[donald pond] 16/3/2022 12:14

Well I'm adding here

[loglorry1] 16/3/2022 12:03

@Flare1 you can assume YPF and the state are one and the same.

[donald pond] 16/3/2022 10:30

This was from the recent Numis note:

● Given the extensive period for expert discovery and the open and shut nature of the
case, in our opinion we expect a Summary Judgement
● Should this not occur we would expect a brief trial and do not expect Judge Preska to
accept any time wasting
● Upon losing the case we would expect Argentina to appeal and the Judge to ask for
a bond of the amount of the initial award
● If this is paid the award is secured by the court
● If not, it is likely Burford will be able to start collecting its award while the appeal is
heard

[flare1] 16/3/2022 10:22

9 hrs ago Sebastian Maril (Twitter) posted:

The Maxus case is against YPF and YPF pays.

The case for the expropriation of YPF is against the State and YPF and the State pays.

[loglorry1] 16/3/2022 10:13

@donald do you have a link to this. It is as William says very interesting. I remember in the UK fighting Lloyds over their ECN case where they called 16% bonds cheaply. Lloyds lost the case but then won on appeal. As bondholders nothing happened between winning and the appeal. This is slightly different obviously. I don't know how it works in the US.

I was also involved with Leaf Green Energy in the US. They lost originally but then won on appeal. Again different as they only received compensatoin when they won on appeal.

[flare1] 16/3/2022 10:02

So, let the people take out their wrath out on the elected Politicians who put Argentina in this financial position. It's quite simple really, these people allowed the expropriation of YPF to go ahead (for their own personal gain) during their time in post. It's now time for the Sheriff to collect, the politicians always knew that this would happen but chose to ignore it - a bankrupt country or not.

[williamcooper104] 16/3/2022 09:53

Thanks; interesting

[donald pond] 16/3/2022 09:18

Not for an appeal William, you have to give the court something acceptable as security for the entirety of the judgment

[loglorry1] 16/3/2022 08:25

"There is also, the following week, judgment expected by the same judge against Argentina in the Maxus case, for $14bn"

Add that to the bill then !!!!

[williamcooper104] 16/3/2022 07:09

Do you not need to just post security for the other sides legal costs?

[donald pond] 16/3/2022 06:43

Because the judge has allowed both sides to apply for summary judgment, the facts themselves are not in dispute, and the judge's ruling is expected as early as 24 June. If Burford win there can be no appeal without the defendants posting security at court in the sum of the judgment.There is also, the following week, judgment expected by the same judge against Argentina in the Maxus case, for $14bn.

[loglorry1] 15/3/2022 22:10

How do you know it will be over by the end of summer? I think it will slip but maybe not.