Register
Login:
Share:
Email Facebook Twitter

Please take part in our survey It takes 2 minutes and you could win an Apple iPad Air 2 (Terms and conditions apply). Dismiss Message
AFR Share Chat - RSS Feed

Afren Share Chat (AFR)



Share Price: 17.67Bid: 17.64Ask: 17.93Change: 0.00 (0.00%)No Movement on Afren
Spread: 0.29Spread as %: 1.64%Open: 20.11High: 20.69Low: 17.20Yesterday’s Close: 17.67


Share Discussion for Afren (AFR)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


Premium Membership
garyn
Posts: 33,858
Observation
Opinion:No Opinion
Price:20.50
Altag
Fri 14:33
Cheers, hadn't spotted recent movements from them and the form didn't appear to show any sale or purchase (was only flicking through them but don't think it showed either?) so assumed that they'd gone back over the 1% disclosable threshold. Marshall Wace went below the disclosable 0.5% short threshold on Jan 19 as well so would still have some to close (didn't check on the FCA this morning but am assuming they're still reducing as they had been steadily).
 
Altag
Posts: 56
Off Topic
Opinion:No Opinion
Price:20.41
View Thread (5)
RE: form 8.3
Fri 14:31
RTN - Forgot to say it doesn't mean they are buying for Seplat only that they are disclosing their position because of the Seplat offer.

Altag
garyn
Posts: 33,858
Observation
Opinion:No Opinion
Price:20.40
View Thread (2)
RTN
Fri 14:30
It is because they also have a tie in with Seplat in some way - Citi Group for example recently took part in the debt refinancing there (is also one of the three lenders for Afren's Ebok revolving credit facility). The 8.3s are simply for anyone with 1% or more holding in Afren and records any changes to that position - 8.5s for exempt principal traders. Seem to be seeing a few new ones but also some reduction or increased shorting by others and is all part of the churning going on (if you look at the Barclays one for instance there's a real mixture including a million-plus purchase and a million plus short - also some swaps as well as CFDs and trades of normal shares.
Altag
Posts: 56
Off Topic
Opinion:No Opinion
Price:20.40
View Thread (5)
RE: form 8.3
Fri 14:30
Numeric aren't new they have increased from 1% as at beginning of this year to 1.04%, they also appear to be closing their short at beginning of year they had 93,100 short now 8,100 short.

RTN - Form 8.3 is required as part of the Takeover Code shows movements of holders over 1%.

Well worth keeping a track off to see what the big boys are up to!!

Altag
wish_bone
Posts: 25
Observation
Opinion:Hold
Price:20.69
control
Fri 14:24
Sp is being manipulated by the nigerians. They want afren on the cheap. Imo afren are not stable enough to maintain any gains. Bought and sold a few times. Something about this company tells me that it will rock but not just yet. Patience
RichTheNewbie
Posts: 10,268
Off Topic
Opinion:No Opinion
Price:20.69
View Thread (2)
RE: Rich
Fri 14:23
Thanks for the bizarre non sequitur ;)
Goldenratio
Posts: 3,033
Off Topic
Opinion:No Opinion
Price:20.61
View Thread (2)
Rich
Fri 14:22
The trades are usually a couple of days old.
garyn
Posts: 33,858
Observation
Opinion:No Opinion
Price:20.66
OnlineTuba
Fri 14:21
If it was in that bad a situation then i doubt Fitch would have only downgraded it to 'B-' status yesterday - worth a read of their views on the financial situation here. Did very well in early 2009 buying banks and miners that were supposedly about to go bust, and at a later date in the likes of BA. (in the 120s during the strikes). Just a case of picking the ones that won't go bust - some will remember the likes of Connaught and others - but certainly don't see this as being in that category!
RichTheNewbie
Posts: 10,268
Question
Opinion:No Opinion
Price:20.59
View Thread (5)
RE: form 8.3
Fri 14:19
Gary, you know much about these forms? My question relates to the section in some of them:
"(f) Has the discloser previously disclosed, or are they today disclosing, under the Code in respect of any other party to this offer?
YES - Seplat Petroleum Development Company Plc"

Is this a procedural thing and only listed because of the seplat potential offer. Or does it mean something else like they're buying on behalf of Seplat or anything else? Bit confused by the terminology of this bit.
Fader
Posts: 275
Off Topic
Opinion:No Opinion
Price:20.77
View Thread (2)
RE: Can see this
Fri 14:19
Said that earlier. I think it will end around +0.20. Meh!





Sign up for Live Prices


Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.