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AFR Share Chat - RSS Feed

Afren Share Chat (AFR)



Share Price: 3.11Bid: 3.10Ask: 3.11Change: 0.00 (0.00%)No Movement on Afren
Spread: 0.01Spread as %: 0.32%Open: 3.28High: 3.28Low: 3.09Yesterday’s Close: 3.11


Share Discussion for Afren (AFR)


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jollygoodya
Posts: 1,020
Off Topic
Opinion:No Opinion
Price:3.16
takeover by Indian Company
1 Apr '15
The snake charmer with the cobra? LoL.
 
MerMillions
Posts: 846
Off Topic
Opinion:No Opinion
Price:3.16
View Thread (4)
RE: RE: Taking Over by Indian Compa..
1 Apr '15
Sounds like an April fool joke

Not very funny
bonzob
Posts: 179
Off Topic
Opinion:No Opinion
Price:3.16
View Thread (4)
RE: RE: Taking Over by Indian Compa..
1 Apr '15
from the waiter in the star of Bengal ,Putney,he is usually very reliable
loggypunts
Posts: 67
Off Topic
Opinion:No Opinion
Price:3.16
View Thread (4)
RE: RE: Taking Over by Indian Compa..
1 Apr '15
no-one's answering that one!!!
toyotaman
Posts: 1,270
Off Topic
Opinion:No Opinion
Price:3.16
View Thread (4)
RE: Taking Over by Indian Company
1 Apr '15
ok, where did you hear this ?
boxerdog1
Posts: 217
Observation
Opinion:Hold
Price:3.16
If Seplat desire and want
1 Apr '15
certain assets of great value would it not be prudent to sell them? using the cash to pay down as much immediate debt as possible whilst of course retaining enough to operate or! are they waiting to pick up the assets on the cheap should the BH. gain full control and ownership.

Just spoken to Santander who hold my shares regarding voting by proxy at any EGM or AGM. Was informed with 1 weeks notice that this would pose no problem what so ever.
ynotdeal
Posts: 946
Observation
Opinion:No Opinion
Price:3.16
What is Afren
1 Apr '15
What is Afren.

Afren was the jewel in the African crown and the darling of the London Stock Exchange.
7 months ago, the company was valued at about £1.6 billion (sp 145p). Now its valued at £35 MILLION (3.2p). Thats a 98% drop in value. So what happened in the trading performance of the business, their ability to make money. OK oil price dropped by 50% but the SP of most oilers followed the oil price % down directly. So the relative SP for afren now would be about 70p. But today we are still 95% down on that value.

So what else happened to affect the business trade. Bader Rash reserves down graded, so reserves down. That would affect the SP but there was no real production from there anyway so no revenue lost..
What else.... ERR nothing, but new assets coming on line promising more production, oh sorry thats a good thing to compensate for Bader Rash?

So why had the SP crashed from 70p assumed to 3.2p. There is only only one answer, complete incompetent management.
The prevoius management badly handled the fraud and should have never have happened.
Over spending on the capex budget time scale left the business short of liquidity to trade,
The announcemeng of the funding shortfall.
The collapse of the seplat talks,
The acceptance of a rediculous BHs offer.
Entering into a poison pill agreement with the BHs in the event of a NO vote
Thats why the SP is where it is.

But .. Afren has a much greater value to a buyer than just its asset value.
They have billions of barells of oil reserves.
Exploration already done
Oil wells and platforms all over the place that are up and running pumping oil. That costs billions to develop and put in place.
They have a work force and all the required infrastructure.
They produce cash flow and profit.

We need to hold out for more than a few hundred pounds.

This is only my view. Do your own research please.
All statements in this post and previous posts, referring to any person or persons are on the basis of being alleged.

e
jollygoodya
Posts: 1,020
Off Topic
Opinion:No Opinion
Price:3.12
RE: Seplat
1 Apr '15
Sherloq, It was the duty of the BoD to inform the shareholders to whom their responsibilities (in theory) rest in respect of any offer being made. We should not have to dig out(thank you for the seplat bit) from othet sources. The problem is that Seplat were not given a further extension and possibly put in a bid. Once that happened it would have to be put to vote. So it appears prima facie that termination of talks were premature and possibly wilfully neglectful?
tasmin.patel
Posts: 3
Off Topic
Opinion:No Opinion
Price:3.21
RE: Taking Over by Indian Company
1 Apr '15
I heard too, hope deal go ahead.
Sherloq
Posts: 104
Off Topic
Opinion:No Opinion
Price:3.19
View Thread (2)
RE: HSBC Letter
1 Apr '15
There is nothing to vote for yet! In due course you WILL be able to vote... it's your right as a shareholder.





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