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AFR Share Chat - RSS Feed

Afren Share Chat (AFR)



Share Price: 9.905Bid: 9.905Ask: 9.93Change: 0.00 (0.00%)No Movement on Afren
Spread: 0.025Spread as %: 0.25%Open: 10.25High: 10.99Low: 9.50Yesterday’s Close: 9.905


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Darlonil
Posts: 101
Off Topic
Opinion:No Opinion
Price:10.20
View Thread (7)
RE: $500m cash
Mon 09:17
My calc is they have until tomorrow to pay the interest (30 days from 1st February) so not in default, at the moment
 
Investindistress
Posts: 34
Off Topic
Opinion:No Opinion
Price:10.10
View Thread (7)
RE: $500m cash
Mon 09:16
A) Afren are not in default; B) Why does paying cash for a business automatically mean the debt is paid off in part or in full...? When you acquire a business, you often buy it lock stock i.e. with the debt. They are paying for the equity in the company to own it, along with all of its liabilities
RachelsDad
Posts: 3,046
Off Topic
Opinion:No Opinion
Price:10.10
plural
Mon 09:15
and new third party investors regarding recapitalising the Company.

if it were just one, would it not read "investor"

Expecting 2 x syndicates and the return of Seplat.
rorker
Posts: 2,183
Off Topic
Opinion:No Opinion
Price:10.06
View Thread (2)
Langy
Mon 09:15
grammar, I was implying that the buys were way greater.
ifonlyiknew
Posts: 3,087
Off Topic
Opinion:No Opinion
Price:10.30
View Thread (2)
RE: GKP Vs Afr
Mon 09:15
Who has the biggest debt?
jony5
Posts: 1,405
Off Topic
Opinion:Strong Buy
Price:10.30
Afr
Mon 09:14
The smart shorts closed below 6p, all that's left are the stupid shorts.
ifonlyiknew
Posts: 3,087
Off Topic
Opinion:No Opinion
Price:10.30
View Thread (4)
RE: TEN MILLION more buys
Mon 09:14
So why do they need a cash investment. Income obviously doesn't cover it, depending on Oil price. They need a buffer.
fatalbert
Posts: 50
Observation
Opinion:Hold
Price:10.30
View Thread (2)
Recapitalisation
Mon 09:14
Definition of recapitalisation.

Just a small observation: "Recapitalisation" -- When a company changes its capital structure (the proportion of equity to debt), This may occur, for instance, as part of a debt restructuring, when a creditor exchanges an outstanding loan for a stake in the company (debt for equity swap). While the aim of a recapitalisation is normally to improve a company's debt/equity ratio, it can also be used to fend off a hostile takeover - in which case the company makes itself unattractive by increasing the level of debt in its capital and using the funds to pay special dividends to shareholders.
draft
Posts: 288
Off Topic
Opinion:No Opinion
Price:10.30
View Thread (7)
RE: $500m cash
Mon 09:13
it is NOT in default.
MH3834
Posts: 2,505
Off Topic
Opinion:No Opinion
Price:10.06
what to make of this
Mon 09:13
Fosun, which recently snapped up Club Med, is reportedly interested in buying up the embattled oil producer. It's backed a $500 million cash deal led by the Afren co-founder Bert Cooper, the Sunday Times said. Nonetheless, it's likely the deal will fail, as Afren's lenders have come up with their own rescue plan.

a bit confused here thats 5x mcap





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