Van beleggers
voor beleggers
desktop iconMarkt Monitor
  • Word abonnee
  • Inloggen

    Inloggen

    • Geen account? Registreren

    Wachtwoord vergeten?

Ontvang nu dagelijks onze kooptips!

word abonnee

Burford Capital: ongelooflijke cijfers maar toch een misser?

4 Posts
| Omlaag ↓
  1. JORVO 26 juli 2019 11:49
    Burford capital is een litigation financer voor de wettelijke sector.
    Litigation financing: zij nemen de kosten van een rechtzaak van een klant op zich en krijgt daarvoor een vergoeding en een percentage van de uiteindelijke schadevergoeding (grootte vergoeding: op basis van risico van rechtzaak)
    Handig voor ondernemingen om snel en zonder veel moeite toch iets te kunnen recupereren van dubieuze klanten.

    Absolute marktleider:
    “we do more business in a single year than any other player in our industry has done in its entire history” - Burford Capital

    * SAYS H1 PROFIT AFTER TAX UP 36% TO $225 MILLION (1H18: $166 MILLION)

    * OPERATING PROFIT UP 37% TO $251 MILLION (1H18: $183 MILLION)

    * SAYS INCOME UP 40% TO $287 MILLION (1H18: $205 MILLION); GROWTH DRIVEN BY 36% INCREASE IN INCOME FROM INVESTMENTS TO $265 MILLION (1H18: $195 MILLION

    (https://uk.reuters.com/article/brief-burford-capital-h1-operating-profi/brief-burford-capital-h1-operating-profit-up-37-to-251-mln-idUKFWN24P1DS)

    Ongelooflijke groeicijfers in winst, omzet en investeringen.

    Toch staat de koers 17% lager dan bij de top van gisteren.

    Waar ben ik de mist in gegaan?
  2. forum rang 7 wiegveld 27 december 2023 16:57
    millei wil betalen. Burford omhoog.
    By Patrick Gillespie
    27 december 2023 at 04:54 CET
    Updated on 27 december 2023 at 13:33 CET

    Listen
    2:54
    Argentina’s President Javier Milei is considering issuing a perpetual bond to pay a $16 billion lawsuit award stemming from the nationalization of state-run energy company YPF.

    Swinging between political jabs and policy intentions, Milei suggested that the government would issue the bond without a fixed maturity while charging Argentines the “Kicillof tax,” named after Buenos Aires Governor Axel Kicillof who spearheaded efforts to nationalize YPF in 2012.

    “Here we have a problem because we don’t have the money, we don’t have $16 billion, that’s the reality — but we have the willingness to pay,” he said in a TV interview with La Nacion Tuesday night. “What we’re going to do, it’s an idea we’re working on, is to create the Kicillof tax, meaning pay this fund with a perpetual bond.”

    Read More:
    Oil Driller YPF Surges as Winner Milei Touts Privatization
    Burford Jumps as Argentina Considers Bond to Pay For Judgment
    Burford Eyes 37,000% Return in $16 Billion Argentina Award
    Milei was referring to litigation fund Burford Capital, which acquired the right to pursue the claims in 2015 and stands to collect the biggest share of the award. Shares of the fund rose as much as 14% in London.

    The Economy Ministry didn’t immediately provide details about Milei’s idea. Burford Capital didn’t respond to a request for comment after business hours.

    Milei issued a decree last week ordering all state-run companies to prepare for privatization, although he hasn’t set a timeline for the sale of the energy company.

    After several years of litigation in New York, a judge awarded plaintiffs $16 billion in a lawsuit against Argentina that claimed the country had fumbled key legal aspects of the YPF nationalization. Burford Capital stands to receive $6.2 billion of the total. US Federal Judge Loretta Preska stated that Argentina must pay by Jan. 10 or face the potential seizure of assets.

    The case adds to Argentina’s long list of financial troubles. With central bank reserves in the red, the country needs to start repaying next month creditors who accepted a $65 billion bond restructuring in 2020. It also has to renegotiate a $44 billion deal with the International Monetary Fund.

    Milei said the current IMF deal has collapsed because the previous government missed key targets agreed upon with the Fund, and added that his austerity-driven administration is working to reset the program.

    “The Fund sees us as heroes,” he said. “We’re working to comply with the agreement.”

    Milei also told La Nacion he would call for a national referendum if congress votes down the emergency decree he issued last week with hundreds of austerity measures.

    And with inflation estimated to finish December near 200% a year, the president confirmed his government would increase Argentina’s largest peso bill denomination from 2,000 pesos (about $2.50) to 50,000 pesos to avoid people carrying around massive wads of cash for basic transactions.

    (Updates with move in Burford shares in fourth paragraph. A previous version of this story was corrected to clarify that Burford Capital receives only part of the entire lawsuit award.)
4 Posts
|Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met je emailadres en wachtwoord.

Direct naar Forum

Indices

AEX 882,27 -0,04%
EUR/USD 1,0705 -0,16%
FTSE 100 8.147,03 +0,09%
Germany40^ 18.128,90 +0,06%
Gold spot 2.329,61 -0,27%
NY-Nasdaq Composite 15.983,08 +0,35%

Stijgers

Philip...
+29,35%
Alfen ...
+14,76%
EBUSCO...
+6,88%
FASTNED
+4,79%
EXOR NV
+3,96%

Dalers

Vastned
-6,87%
VIVORY...
-5,88%
ASMI
-4,39%
ADYEN NV
-2,42%
BESI
-2,42%

Lees verder op het IEX netwerk Let op: Artikelen linken naar andere sites

Gesponsorde links