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Afren Share Chat (AFR)



Share Price: 1.785Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on Afren
Spread: 0.00Spread as %: 0.00%Open: 1.785High: 0.00Low: 0.00Yesterday’s Close: 1.785



Share Discussion for Afren (AFR)


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adamsrups
Posts: 6,247
Off Topic
Opinion:No Opinion
Price:1.79
Yellow craig
Mon 13:23
I was invested here for some time and eventually sold in a loss after being in decent profit. This has been a disgusting show. The main point in me responding to your post is the part of possibly refusing a reasonable bid.
Possibly, had they accepted the bid which was claimed to be of value to all share holders and obviously assuming the debt, quite possibly that could have opened up the can of worms that you mention, resulting in severe consequences that you, I, and I guess most would want to see.
Back to the bid, would anyone in their right mind feel that it would have been worse than whats been dished up for shareholders. Also how on earth could they flatly turn it down without detail to all holders and then do this. Will this detail ever be out ?
 
pp_7
Posts: 196
Off Topic
Opinion:No Opinion
Price:1.79
Lets hope
Mon 13:12
1) Following the administration process we (PI SH) can get something back - even the pre-suspension closing price of 1.78p. Not ideal I know but better to get something back.

2) There is proper justice for those responsible for the scandal that has passed here. If there was a £200-250m shortfall this should have been communicated earlier so holders can decide what to do. Instead the shares are suspended and then they announce this whopper when our hands are tied!!
Raja2
Posts: 176
Off Topic
Opinion:No Opinion
Price:1.79
there is a GOD!!
Mon 12:44
http://www.wsj.com/articles/bernard-madoffs-surviving-son-dies-1409760157

the other son dies from cancer... its a pitty that a father has to see his two sons die before him...!!
Raja2
Posts: 176
Off Topic
Opinion:No Opinion
Price:1.79
there is a GOD!!
Mon 12:38
aboveandbeyond
Posts: 91
Off Topic
Opinion:No Opinion
Price:1.79
View Thread (2)
RE: stealing from shareholders
Mon 12:37
Raja
Completely agree but don't give up the ghost yet
Raja2
Posts: 176
Off Topic
Opinion:No Opinion
Price:1.79
View Thread (2)
stealing from shareholders
Mon 12:18
I think the problem with Afren is that there are a lot of people who want Afren on cheap.
This is a good opportunity for them.. They played this all together... This is totally a fraud..

They want the assets for cheap... Will not want it to come out of administration so they have to pay shareholders value!!

I lost a lot of money here but have my children and loveonces around me....thats my life.. and more important then money!!. money i can make again by hard work and not stealing or being corrupt like others did with Afren.!!

All of the corrupt people who frauded Afren and helped steal money from shareholders, i pray and hope they lose peace and all there loveonces around them.. Money they stole they can have.. Money will not give them happiness or peace!!

And after this life they all burn in hell for this!!
Yellowcraig
Posts: 780
Off Topic
Opinion:No Opinion
Price:1.79
Malcy
Mon 12:14
On Friday Afren finally gave up the ghost and called in the administrators after it failed to get more funds from the Bond Holders. Although the situation received a handful of vague comments in the weekend press I am astonished that it appears that no investigative journalist has taken up this alleged breach of management responsibility and attempted to expose what might be a huge can of worms. I am aware that some shareholders are attempting to take action and they should be encouraged, as so far I have also not seen activity from the appropriate authorities who should be considering launching a criminal investigation going back some way. So many questions appear to have been raised it is difficult to cover up, such as whether directors ‘ignored’ a perfectly reasonable bid for the company, the status of companies within and under the Group umbrella and the transfer of assets therein. Time for action?
granto
Posts: 3,062
Off Topic
Opinion:No Opinion
Price:1.79
Toast
Mon 12:12
notice that the RNS stated the BH were supportive of the ADM process . Part of the reason is many BH did not participate in the original $200m, and we're getting a free ride here, in administration all BH will be treated equally . The administration is a top notch ' corporate rescue ' team. It's far from guaranteed that these guys have no chance of stabilizing the company . It won't be easy . But all the Capex from H1 ($100s millions ) will be placed to the side .
gloomybare
Posts: 939
Off Topic
Opinion:No Opinion
Price:1.79
RE: Toast ?
Mon 11:45
Thanks for that post granto. Let's keep going.
aboveandbeyond
Posts: 91
Off Topic
Opinion:No Opinion
Price:1.79
View Thread (2)
RE: Toast ?
Mon 11:44
Granto

I'm glad we got someone sensible here, I'm convinced this will come out of administration as this was short term crisis,
Sometimes admin is the best option in a company who has short trm funding issues, it's not over by a long way yet!





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