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Afren Share Chat (AFR)



Share Price: 107.80Bid: 107.70Ask: 108.00Change: 0.30 (+0.28%)Riser - Afren
Spread: 0.30Spread as %: 0.28%Open: 107.80High: 108.00Low: 107.00Yesterday’s Close: 107.50


Share Discussion for Afren (AFR)


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Jarnel
Posts: 2,682
Off Topic
Opinion:No Opinion
Price:142.80
casino
12 Oct '12
I'll be happy for any news from AFR .... This continual meandering around 142P is becoming annoyingly repetative ...
 
casino
Posts: 511
Observation
Opinion:No Opinion
Price:141.90
Okoro East transformational.
12 Oct '12
Should be news soon from Okoro 14 development well spudded on the 26th July. After the successful Okoro 13 well encountered 549ft net oil pay and 41 ft net gas.

Patience is a virtue, alas I have none!
Jarnel
Posts: 2,682
Off Topic
Opinion:No Opinion
Price:142.00
steba
11 Oct '12
No, not heard from Rigger for a long time. At one time he was the sole contributor on this BB. I too miss his common sense. Not heard from Azza for a while either.

As for AFR, I share your sentiment. For all the reasons you have stated this a prime t/o target. It has huge potential and is grossly undervalued. I had the same feeling about COV and eventually bids came in from the big boys. In time, the same will happen here.
Steba
Posts: 719
Off Topic
Opinion:No Opinion
Price:142.00
Jarnel
11 Oct '12
Yes, I am reluctant to sell out on peaks as if I was not holding when a take over offer came in, I would just be devastated. I have no plans to sell out of Afren, I think 142p per share is dirt cheap for Afren. I am convinced 5 years from now this share will increase three or fourfold. A company which is already making hundreds of millions of dollars profit a year with the capability of making profits of around $1bn a year after tax within 5 years makes the current market cap of £1.5bn look incredibly undervalued. I am convinced this share will come good for us all.
By the way - anyone seen Rigger recently? He used to always be here at one time, not seen him in ages.
Jarnel
Posts: 2,682
Observation
Opinion:No Opinion
Price:142.00
scuby-do
11 Oct '12
Firstly business - LP 142P ... nice ...

AFR is ripe for a t/o. Look what happened to BUMI shares today. This t/o will come, I just don't know how and I don't know when ,,,
scuby-do
Posts: 2,077
Off Topic
Opinion:No Opinion
Price:141.80
Steba
11 Oct '12
I've been trading in and out of AFR for many years now with the purpose of building my holding here. I see it for both Short and Long term. i.e. using the short term trading to buid up a long term holding.
scuby-do
Posts: 2,077
Off Topic
Opinion:No Opinion
Price:141.90
anyone wish to comment . . .
11 Oct '12
on this apparent Buy /Sell code going on ? Have you noticed the 1, 3 & 4 individual share trades ! What is the purpose or point unless some sort of Binary signal being sent between traders ??
Bet I've put the cat amongst the pigeons for them there - lol
scuby-do
Posts: 2,077
Off Topic
Opinion:No Opinion
Price:141.50
Casino . . .
11 Oct '12
thanks for your input on my last Q. Confirms my guestimate as to a rough time frame before news release.

Kind regards
Steba
Posts: 719
Off Topic
Opinion:No Opinion
Price:141.40
Is Afren a share for long term...
11 Oct '12
investors rather than short/medium term?

I totally back the decision for Afren to not offer a dividend, it is important that Afren has a good cash flow and money to keep growing as a company. But in the last 8 months the SP has hardly increased at all. Back in early February the SP was 131p, 10 months on after a cracking year at Afren we're on 141p. I just feel I am not seeing much return on my investment.
However, I do have massive confidence in Afren, I think Afren are performing brilliantly, already the profits are very impressive and 5 years down the line Afren will be really making really huge profits, surely daily production will be around 150,000 bpd and annual profits must be around a billion dollars a year after tax.
Do you consider Afren to be a share to put away for 5-10 years rather than seeing nice short/medium term profits?
Jarnel
Posts: 2,682
Off Topic
Opinion:No Opinion
Price:141.30
whatwhat
11 Oct '12
It's an Uncrossing Trade. It's technically important but for SP purposes, simply ignore all UT trades.



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