Offshore
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Giuliano
Encouraging comment on the conversation with Antonio.
I'll try my best to keep bringing these. https://t.co/DDeh43XNx0
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Encouraging comment on the conversation with Antonio.
I'll try my best to keep bringing these. https://t.co/DDeh43XNx0
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Offshore
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Brandon Beylo
Imagine bringing on a new mine right when the underlying commodity inflects higher.
That’s what Alphamin $AFM.V is doing right now.
2024 will look VASTLY different than 2023. https://t.co/AamfvnJlCS
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Imagine bringing on a new mine right when the underlying commodity inflects higher.
That’s what Alphamin $AFM.V is doing right now.
2024 will look VASTLY different than 2023. https://t.co/AamfvnJlCS
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Dimitry Nakhla | Babylon Capital®
“The chief losses to investors come from the purchase of low quality securities at times of favorable business conditions.”
— Benjamin Graham 🗣️
#stocks #investing
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“The chief losses to investors come from the purchase of low quality securities at times of favorable business conditions.”
— Benjamin Graham 🗣️
#stocks #investing
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Offshore
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Hidden Value Gems
“The % of Bulls in the Investors Intelligence survey has moved up to 62.5%, the highest since April 2021.”
“What we find is that when investor bullishness has been this high in the past, forward returns tend to be below average.”
H/t @charliebilello https://t.co/2O4cyoYbhv
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“The % of Bulls in the Investors Intelligence survey has moved up to 62.5%, the highest since April 2021.”
“What we find is that when investor bullishness has been this high in the past, forward returns tend to be below average.”
H/t @charliebilello https://t.co/2O4cyoYbhv
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Hidden Value Gems
Wow 😳
“Americans spent over $113 billion on lottery tickets last year, more than they spent on movies, books, concerts and sports tickets – combined.”
H/t @charliebilello
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Wow 😳
“Americans spent over $113 billion on lottery tickets last year, more than they spent on movies, books, concerts and sports tickets – combined.”
H/t @charliebilello
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Offshore
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Giuliano
$BUR considers the value of its portfolio to be equal to: deployed cost + fair value adjustments + undrawn commitments.
Since 2009, the company’s portfolio has grown from less than 100 million dollars to a total of 4.84bn as of 2023 year-end.
For YPF-related assets have been a hugely contributing factor to $BUR portfolio growth, I opted to separate the two.
The carrying value of YPF assets was estimated and reported at 1.37bn on a Burford-only basis, meaning these equate to 28% of Burford-only portfolio value. Deployed cost on YPF was reported at 60M in 2023, hence the majority of the carrying value is composed of unrealized gains.
Total fair value adjustments amount to 1.81bn dollars, with YPF being 72% of the total.
In 2023, Burford reported an unrealized gain of 542.9M on their YPF-related assets, leaving ex-YPF fair value adjustments at 154M for the year.
Total fair value adjustments represent 38% of Burford-only portfolio value. Undrawn commitments and deployed cost were 1.39bn and 1.57bn, or 29% and 33% of the portfolio value, respectively.
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$BUR considers the value of its portfolio to be equal to: deployed cost + fair value adjustments + undrawn commitments.
Since 2009, the company’s portfolio has grown from less than 100 million dollars to a total of 4.84bn as of 2023 year-end.
For YPF-related assets have been a hugely contributing factor to $BUR portfolio growth, I opted to separate the two.
The carrying value of YPF assets was estimated and reported at 1.37bn on a Burford-only basis, meaning these equate to 28% of Burford-only portfolio value. Deployed cost on YPF was reported at 60M in 2023, hence the majority of the carrying value is composed of unrealized gains.
Total fair value adjustments amount to 1.81bn dollars, with YPF being 72% of the total.
In 2023, Burford reported an unrealized gain of 542.9M on their YPF-related assets, leaving ex-YPF fair value adjustments at 154M for the year.
Total fair value adjustments represent 38% of Burford-only portfolio value. Undrawn commitments and deployed cost were 1.39bn and 1.57bn, or 29% and 33% of the portfolio value, respectively.
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Offshore
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Brandon Beylo
Tin Barons.
Let’s ride.
#tin https://t.co/i3IU6rGRSA
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Tin Barons.
Let’s ride.
#tin https://t.co/i3IU6rGRSA
#Tin price: 31205 (+2,410, +8.37%)
3:15pm London $Tin https://t.co/bAY5wJPYfN tweet
Offshore
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Brandon Beylo
My daughter was born Sunday at 1AM.
Since then, commodities have ripped and haven’t looked back.
Maybe, just maybe she’s the Commodities Mahdi. https://t.co/OyZf0lu04O
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My daughter was born Sunday at 1AM.
Since then, commodities have ripped and haven’t looked back.
Maybe, just maybe she’s the Commodities Mahdi. https://t.co/OyZf0lu04O
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Offshore
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Daniel
RT @MnkeDaniel: This is Stan Druckenmiller.
He is one of the best Hedgefund Managers of all time!
He achieved a 30% annual return for over 30 years.
Here are his 7 Investment Principles: https://t.co/Ozdxg9oeZJ
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RT @MnkeDaniel: This is Stan Druckenmiller.
He is one of the best Hedgefund Managers of all time!
He achieved a 30% annual return for over 30 years.
Here are his 7 Investment Principles: https://t.co/Ozdxg9oeZJ
tweet