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Afren PLC shares appear to be de-listed or suspended.


Share Discussion for Afren PLC


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mattykir
Posts: 117
Off Topic
Opinion:No Opinion
Price:1.83
RE:malcy blog
14 Aug '15
there must be something that someone can do to save the PI's here. Not worth letting these people walk off for free.
 
mattykir
Posts: 117
Off Topic
Opinion:No Opinion
Price:1.83
malcy blog
14 Aug '15
The situation at Afren appears to get worse and I cant help but feel that there is something very suspicious going on here. I read with interest that leading oil trader Gunvor has expressed an interest in some of Afren’s African assets which must be good news for the investors who may lose everything. However I also note that they have been given only until August 17th to come up with a bid on the assets they are interested in. How can it be possible to value and do even the vaguest of due diligence in a week, and also if the administrators are doing their job, surely any possible interest must be explored to the maximum benefit of all who have lost money? And they are saying its not a fire sale which doesnt rub with the above, unless they have other buyers in the wings… The administrators appointed by the company are Alix Partners but maybe questions should be asked of the Ad Hoc Bondholders Committee and also why Blackstone are involved, who they report to and why? Oh well, i’m sure there is a totally innocent explanation… - See more at: http://www.malcysblog.com/2015/08/oil-price-afren-and-finally-2/#sthash.fiY2ho4N.dpuf
propheteer
Posts: 28
Question
Opinion:No Opinion
Price:1.83
Is nil value guaranteed?
14 Aug '15
Or is there a chance of something? I never invested here but I am being offered many millions of AFR shares in an offmarket "friendly" transaction, in return not for cash but for some favours.
gloomybare
Posts: 1,025
Off Topic
Opinion:No Opinion
Price:1.83
From ADVFN
14 Aug '15
hpcg - 13 Aug 2015 - 21 :36 - 5733 of 5733 - Q 0

I suspect they are waiting for the administrators to
declare nil value. It wont be that long; what the muppets
on LSE no doubt don't understand is everything has work
commitments which need paying for so the assets can't
just be left on the shelf. Not even counting the time value
of money. 2 months tops IMO. Having said that I can wait,
100% is a rate of return I can be patient for.
itguy2011
Posts: 525
Off Topic
Opinion:No Opinion
Price:1.83
Deos
13 Aug '15
What about that deos fella that said he had 100k cash in this turkey - will he get at least a tenner back? Although u never heard from him again so probably all just lies!
goldline
Posts: 196
Off Topic
Opinion:No Opinion
Price:1.83
Really ??
13 Aug '15
there are many investors on this board who don't seem to realise that even after the main Assets are sold off there are still considerable debts that will still be outstanding. The Equity shares are worthless.
Miracles can happen but not here Im afraid. Frame your Certificates and claim your loss.
Management are to blame for the shambles that is Afren. No legal action will get any value back in your shares.
pp_7
Posts: 204
Off Topic
Opinion:No Opinion
Price:1.83
RE: really??
13 Aug '15
Looks like the thieving vultures were just waiting on sidelines to snap up afren's prime assets; they must already know true value.
dalesflyer
Posts: 214
Off Topic
Opinion:No Opinion
Price:1.83
View Thread (3)
RE: READ THIS
13 Aug '15
you can have your share certificate framed and hung above your bed if you wish
Andydiff
Posts: 3,953
Off Topic
Opinion:No Opinion
Price:1.83
RE: really??
13 Aug '15
This story looks set to quickly get a lot more interesting Idlv.
ldlv
Posts: 2,296
Off Topic
Opinion:No Opinion
Price:1.83
View Thread (2)
really??
13 Aug '15
http://www.bloomberg.com/news/articles/2015-08-13/gunvor-shows-interest-in-afren-oil-asset-sale-to-grow-in-africa

a comment from the Administrators would be interesting given the ridiculous deadline, and their e-mail yesterday to us saying that a fire sale significantly over dramatises the reality!!. Nobody buys an oil field based on 1 week of due-diligence. That's crazy!
afrenlegalaction
yahoo
com




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