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Afren Share Chat (AFR)



Share Price: 108.40Bid: 0.00Ask: 140.00Change: 0.00 (0.00%)No Movement on Afren
Spread: 0.00Spread as %: 0.00%Open: 0.00High: 0.00Low: 0.00Yesterday’s Close: 108.40


Share Discussion for Afren (AFR)


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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.
casino
Posts: 511
Answer
Opinion:No Opinion
Price:140.30
whatwhat
11 Oct '12
If you look back through fourteenhundred's posts he explains UC trade in detail.
whatwhat
Posts: 864
Off Topic
Opinion:No Opinion
Price:141.20
big buy
11 Oct '12
was that a big buy at 4.35 636517 shares, what doe sthe UT mean
fourteenhundred
Posts: 3,804
Observation
Opinion:No Opinion
Price:141.50
Guys & Gals
10 Oct '12
The following Broker info just shows you what a load of old 'Bow Locks' analysts are.

HSBC decreased their target on Afren at the end of August by 5p maybe were in for a spate of reratings as they've now increased target by 20p.
Jarnel
Posts: 2,682
Off Topic
Opinion:No Opinion
Price:140.50
Casino
10 Oct '12
Agreed re. timescales and Hunt.

As for brokers rating, I never take any notice. There is always an ulterior motive which explains the disparity between respective firms.
casino
Posts: 511
Answer
Opinion:No Opinion
Price:140.30
Jarnel
10 Oct '12
My initial reaction was that we would hear news by end Feb also but I now feel it could be sooner due to their increased knowledge gained from the previous drills. A trifle optimistic maybe but Hunt are a quality operator we shall certainly have a good wait for news on this drill.

One things for sure the SP's going to yo yo till we get a news break HSBC decreased their target on Afren at the end of August by 5p maybe were in for a spate of reratings as they've now increased target by 20p.
whatwhat
Posts: 864
Off Topic
Opinion:No Opinion
Price:140.70
news
10 Oct '12
is thia news from hsbc good or bad
Jarnel
Posts: 2,682
Off Topic
Opinion:No Opinion
Price:141.10
casino
9 Oct '12
Even the end of the year is optomistic. Simrit-3 drilling commenced in Sept, so by Afrens standards, news may come around Feb 2013 ... and i don`t expect to hear anything in between ...



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