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Share Discussion for Afren PLC


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ldlv
Posts: 2,304
Off Topic
Opinion:No Opinion
Price:1.83
Some VERY concerning points
14 Aug '15
The Bloomberg article is beyond astonishing. Mentioning a 17th of August deadline.
The Sunday Times has accurately predicted very strange and disturbing developments re this company in the past and he seems to have an inside connection within Afren. Fire Sale by the end of the month announced.
Alixpartners comments "do not anticipate that there will be any funds available for distributions to shareholders"
Malcysblog comments and Blackstone

Are they actually trying to save the company as a going concern, employees and Shareholders????
 
greygeorge
Posts: 621
Off Topic
Opinion:No Opinion
Price:1.83
there's no doubt
14 Aug '15
that 'something fishy' was going on. Way back in 2013 it was in the public domain. Which begs the question : Why did you invest after this date, or if invested prior to 2013, why did you hold onto your shares ? Was it greed, stupidity, or ignorance ? there is NO WAY any investor in afren can claim to be an innocent victim, you have all been 'in on it' since questions were asked and allegations made in the press 2 years ago.
Bluesuit88
Posts: 34
Off Topic
Opinion:No Opinion
Price:1.83
RE: Bluesuit88
14 Aug '15
The Change of Control legislation goes beyond change of company's name. Lifting the veil has a role here. *Lips Sealed*
cem1
Posts: 30
Off Topic
Opinion:No Opinion
Price:1.83
ASOG
14 Aug '15
In the article it mentions that ASOG tried to facilitate a takeover with a mystery company last month???
cem1
Posts: 30
Off Topic
Opinion:No Opinion
Price:1.83
Story of Afren collapse
14 Aug '15
7 part story on Afrens collapse - if true it seems we were condemned from the start http://www.globalcapital.com/article/sw7fjvkgnvq0/the-collapse-of-afren-part-7-of-7-inglorious-end
Andydiff
Posts: 3,956
Off Topic
Opinion:No Opinion
Price:1.83
RE: malcy blog
14 Aug '15
It could be just a rumour Tony but we shall see I guess.
In truth, I'd be surprised if they weren't after the recent goings on.

What do you make of this 'one week to do due diligence'?
ynotdeal
Posts: 1,764
Off Topic
Opinion:No Opinion
Price:1.83
RE: malcy blog
14 Aug '15
Hi Andy.
How do we know the SFO is investigating. My experience is the do not release that information.
If they are thats very interesting and will make many people uncomfortable.
ynotdeal
Posts: 1,764
Off Topic
Opinion:No Opinion
Price:1.83
RE: malcy blog
14 Aug '15
Hi matt.
I dont think that if assets are bought we will get any value. It all goes to pay off debt. We need someone to buy our shares so that a bidder retains Afren in nigeria and therefore no change of control. I dont think change in ownership of the shares constitutes chane of control of the leases. They are still controlled by Afren plc.

Also, Guvnor may have only been given till 17th to make a bid and we all wonder how that can be done in such a short space of time. However what we dont know is how long they have already been talking to the company before now under non disclousrd agreements.

So much we dont know
ynotdeal
Posts: 1,764
Off Topic
Opinion:No Opinion
Price:1.83
bid for assets?
14 Aug '15
Here is the link for the bloomberg news about interst in afren assets by Guvnor.
http://www.bloomberg.com/news/articles/2015-08-13/gunvor-shows-interest-in-afren-oil-asset-sale-to-grow-in-africa

However if ony the assets are purchased there will be no value to shareholders. The cash all goes to pay off debt.

But as Guvnor are not an indigenous Nigerian company, they may fall foul of the change of control legislation.
To avoid that they may have to buy Afren Plc, (us and our shares), which means they have to pay us a price for our shares. Then they spend the rest of their money restructuring and paying down debt, by which time we will not own any of the company. All speculation of course. I do to want anyone to think there is a pot of gold anywhere. Odd are stacked heavily against shareholders.
My personal views only.
mattykir
Posts: 119
Off Topic
Opinion:No Opinion
Price:1.83
RE: malcy blog
14 Aug '15
if someone is thinks there is nothing fishy - they need a slap around their face or go join kinder-garden. its plain obvious. AFR board has not to be trusted with. AFR has given 1 week time to a company that wants to buy their assets. Are they for real?




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