Personally i think AFREN would fit into TOTALor ENI`s Poptfolio especially Kurdistan and Africa but time will tell .If not AFR are a great company and will go far just by themselves,T/O or no T/O investers will do well
Not to deramp or anything, as I'm hugely optimistic on this stock, but the Bid Rumour wasn't based on anything concrete. It was a VSA analyst talking to the Daily Mail saying what we already all know which is that Afren are a takeover target. That's my take on it at least.
Personally, I think a bid is still very much a possibility. The Daily Mail article said Eni and Exxon were looking at making a bid, not actually in the process of making one so there's still some time before this plays out.
Looks like yesterdays Take Over talk established 1 thing, alot of investors see afren as cheap and are not willing to sell for £2 a share. Most people want £2.50p and upwards, so this could be a reason why we may end blue today, BTW if this stock does stay at these prices into H2, we can expect more rumours, approach's from companies. At the monet there seems to be a discount on when it comes to afren.
my only meaning of the geoff foster comment, was that in his market report he normally mentions when a share moves significantly the reasons why, just thought he may have updated yesterdays comment. nothing more than that.
Not quite sure what you were expecting....from Geoff Foster. I reckon his remark yesterday fulfilled expectations. If there were a serious T/o then these wouldn't be trading at the current level. Certainly yesterday, the Bb was active with all sorts of talk.....some of it garbage. I always feel sorry for the folk that buy on these stories. One day BLVN then AFR. ATB
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