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AFR Share Chat - RSS Feed

Afren Share Chat (AFR)



Share Price: 3.20Bid: 3.20Ask: 3.22Change: 0.00 (0.00%)No Movement on Afren
Spread: 0.02Spread as %: 0.63%Open: 3.06High: 3.25Low: 3.06Yesterday’s Close: 3.20


Share Discussion for Afren (AFR)


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ldlv
Posts: 1,671
Off Topic
Opinion:No Opinion
Price:3.20
As Wild Wolf wrote
Sat 18:13
we need a variety or combination of events such as:
• The sale of some of the many wonderful assets of Afren as required to balance the books.
• A takeover by an organisation paying a fair price for Afren and/ or its assets.
• An urgent amendment to the artificial impairment/ devaluation of assets that is the most obvious standout feature of the recent 2014 results that Afren have just published.
• The ending of the practise of misinformation and under reporting of any good news which has become the trademark of investor relations since the ad hoc committee became involved.
• The repricing of assets in all negotiations at the current price not the selective lowest irregular and now incorrect price point, that the income of the company has been misleadingly accounted for upon.
• Grown up renegotiation with bondholders and financiers who seemingly are unchanged in their attempt to steal the value from Afren shareholders.
• An understanding and change of attitude by the remaining major banks and bondholders linked to the ad hoc committee that in the event that one single share has been shorted by them or their associates (Pimco, JP Morgan, Canaccord Adams, Deutsche bank etc) or any of the boiler room crews they operate – as a result of the confidential information they have been made privy to, then an unstoppable force is going to continue to seek the kind of reparatory actions to compensate the shareholders who have been unfairly and illegally cheated of their assets.
 
ynotdeal
Posts: 1,111
Off Topic
Opinion:No Opinion
Price:3.20
View Thread (3)
RE: Isengard7 - RE:GKP
Sat 18:10
Nims... I may have missed you. Administration is bad all round but worse for the lenders. There is about $1.5 billion debt at stake. No one knows how much of that will be recoverable under admin... maybe very little. So the BHs interest is to keep us out of admin by keeping money flowing. Secondly if the company crashes so does the traded bond price. Again bad for bondholders.

No one knows what will happen in any scenario, except if we say yes. In that case end up with 10%, no say in the business any more and twice yearly cash sweeps to bleed the company dry and crash our value further.. theres nothing left.

We cant just sit here and do nothing. Its simply not fair. And we wont do nothing. We... by we I mean all ASOG members will stand up and be counted. If the bondholders believe the offer will go through they will get a shock.

Nims.. or anyone, if you come to the meeting.. the ASOG committee well all be wearing ID badges.. come and say hello
Tony
ldlv
Posts: 1,671
Off Topic
Opinion:No Opinion
Price:3.20
pgtips9, gb
Sat 18:09
If justice is not given, then it must be taken.
ldlv
Posts: 1,671
Off Topic
Opinion:No Opinion
Price:3.20
pgtips9
Sat 17:54
lets hope good sense/ good will prevails...tick tock...
pgtips9
Posts: 303
Off Topic
Opinion:No Opinion
Price:3.20
Idlv
Sat 17:47
What has gone on in Afren is CRIMINAL and I'm staggered that they think that they can get away with it. IMO. Come on Alan get a grip and get this train crash sorted. VOTE NO!
ldlv
Posts: 1,671
Off Topic
Opinion:No Opinion
Price:3.20
gb
Sat 17:16
Yes I know that, another evidence of this non sense...

As a friend said, "I am more than happy to accept wins and losses in SP as part of normal risk and everyday trading, it happens, we invest in that knowledge. What has happened and is still happening with Afren falls far outside of that"
torquewrench
Posts: 1,281
Off Topic
Opinion:No Opinion
Price:3.20
vote for a better deal
Sat 17:04
To fight for a better deal register with ASOG

Just email our data collection centre at. asogafrenregistration@outlook.com. and enter your share holding into the SUBJECT field and send. No message needed

If you watch but don't post, email us. Its the only way.

Enquiries at afrenasogenq at outlook.com.

A S O G - for and in the nest interests of members
torquewrench
Posts: 1,281
Off Topic
Opinion:No Opinion
Price:3.20
AGM / EGM
Sat 17:03
ASOG are:

1. preparing an info pack on how to vote with the corporate actions teams for the major stockbrokers,

2. We are still doing some work behind the scenes RE how we will be voting,

3. Tony will contact all ASOG members with the above information - we have about a 8-10 day window. This will be a large undertaking as the membership is very large.

As always, ASOG are working hard in the background communicating with key influencers.

Keep registering everyone - our voice will be heard,.

It would be very unfortunate for the BH is they underestimated the size of the 'vote for a better deal campaign'.

A S O G
gloomybare
Posts: 376
Off Topic
Opinion:No Opinion
Price:3.20
ldlv
Sat 16:32
Afren SHs Taskforce ‏@ldlviuda May 1st.
"Afren drilled 6 new wells since January 2015 including a Monster well producing 5600 BOPD. Afren owns 70%. Several 2000 BOPD wells."
Isengard7
Posts: 836
Off Topic
Opinion:No Opinion
Price:3.20
FHN - don't see why?
Sat 16:13
don't see why its a priority. Why are the pursuing it when they have financial troubles.

FHN

"The Company has reached agreement with Earl-Act Global Investments Limited ("EAG") and CSL Trustees Limited ("CSL") to acquire the 22% of shares in First Hydrocarbon Nigeria Company Limited ("FHN") that the Company does not currently own. Afren has amended the terms of the put/call option with EAG announced on 5 July 2013 in respect of 18,299,993 shares in FHN to be acquired at US$3.32 per share and has also agreed to purchase the 13,780,008 FHN shares owned by CSL at US$2.80 per share. In each case such shares will now be acquired and the purchase price will be payable in equal quarterly instalments from 30 June 2017 to 30 September 2019 (together with annual interest of LIBOR + 6.5% payable in cash and 2.5% payable in kind payable in respect of the purchase price).

The Company has also successfully re-scheduled the payment terms in respect of 11,322,111 shares in FHN acquired from Capital Alliance Energy Nigeria Limited (as previously announced on 5 July 2013) such that the outstanding purchase price of US$22.3 million will now be payable in instalments between July and December 2015 (rather than in full in July 2015). "





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