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Good morning Andy, I thought you had filtered me out haha! All your posts are of no interest to me at all. you post nothing but nonsense. How much have you lost in Afren???? I bet it is only peanuts, you post for the sake of posting To make your life a bit more interesting, see if you can find out who I am and what I do, before you start saying I spout nonsense. I can guarantee 100% no SH we see a penny returned from Afren.
Having just used the filter button again I came across this the other day. An interesting read even if it is off topic and not related to anything here at all. It's better than reading the constant barrage of abuse that's gumming up the board of late. http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?fiidarticulo=266
Exactly, Strueth, this is what they did with Southern Cross Care Homes. Privatised them - sold them off, with Southern Crross selling them on again. No one ever questioned who they sold the properties to. This is what they call privatisation, I'm afraid...
I can see it now...Simon Hawkins scrambling to his phone to make sure he is prompt in getting back to you. Do let us know what he says.
Could you please contact us? Afrenlegalaction Yahoo Com Or call us Or email me, you have my details
Yes they are on the fire sale But which ones is the question? Tricky business to find out which asset is owned by plc as Afren have few subsidiaries.
Dear all can anybody tell me if Afren ASSETS are put on sale regards
because of one of the subsidiaries is american. Afren Resources Inc in Texas.
Well done Idlv & ALAG. A very positive result.
If there is any justice in this world, the SEC, SFO, FCA will utilize the currently available laws and powers to switch/monitor administrators to ensure that Alix Partners do not rush through the fire sale of the assets of Afren PLC to the intended beneficiaries as leaked via the The Times. Thanks god for the NSA/ GCHQ file storing. Did Afren Directors brought in financier’s who pre-planned the AHBH committee transferring ownership strategy while not disclosing to the market or suspending the shares? Fair question to ask AHBH selected Alan Linn. Alan Linn selected Alix Partners as administrators. Alix Partners then employed the AHBH consultants for the administration. You could not make it up.
We will meet the Administrators shortly! Afrenlegalaction Yahoo Com
http://www.bbc.co.uk/news/technology-33862000 Remember the rns hack on Afren, news out night before?
I can see people blaming the BOD, advisors, BH, Nigerians, Banks, gov, etc. Fact is, afren was a UK registered company with assets in Middle East and Africa and HQ in the most expensive areas of London and ... Houston. Why Houston, why having execs flying first from Houston to Lagos to london? I agree is mostly the fault of the BOD who made negligent decisions on behalf of the owners ( SH). It was clear where this was heading, always question management decisions before investing, oil will always be cyclical, management need to be resdy for the next downturn.
WTI at 6 year low $43.11 Now for something totally insane: 1 barrel = 42 gallons so 1 gallon = $1.03. International bottle water association wholesale price of a gallon of bottled water is $1.21. Bottled water 17% more expensive than oil. FFS !!!
Hmmm - Sale and leaseback specialists, asset strippers of the worst kind. Having these as financial advisers is like putting Jimmy Saville in charge of the Kindergarten.
Good at there job why do these need outside influence especially ones that were involved in afrens downfall?
Ad hoc committee as financial advisors
As announced on 31 July 2015, the Board of Afren Plc (the 'Company', in Administration) appointed Simon Appell, Daniel Imison and Catherine Williamson of AlixPartners as administrators.‎ No other company within the Afren Group has appointed administrators or taken any other step to commence insolvency proceedings. The Company and the administrators are now working closely with Afren's joint venture partners with a view to ensuring the continued functioning of its various operating businesses. As part of this exercise the administrators are currently undertaking a review of all the assets within the Group and have appointed The Blackstone Group International Partners LLP ("Blackstone") as financial advisors. Any parties interested in participating in potential asset sales arising from this exercise should contact Blackstone on the following details: http://www.investegate.co.uk/afren-plc/rns/review-and-sale-of-assets/201508111440557425V/ They racked up so much debt because helped the locals too much instead of concentrating on running the company for the benefit of shareholders. sod the local partners. what did they ever do for Afren.
Littlewilly: "You all took a gamble on Afren and lost!!! Stop whinging and look to recoup your losses via another share You all knew what you were getting into, your just a bunch of whingers who can't take losing, so I suggest you just put you few quid in a little money box beside your beds!!!!" ============================= As has been pointed out earlier, this was a FTSE250 Company - investors should be able to invest without the worry about possible chronic duplicity and complicity leading to administration. Twonketty Twonk!
I have already started pound cost averaging other stocks. But I like whinging.
probably give it away to Amni and Oriental for peanuts. Afren has been a slave to its local partners. disgraceful.
The offer was below debt level. But even then probably more than what they will get from a fire sale.
Would love to know how much per share they offerred
local partners, Amni and Oriental etc just had a free ride. Assets developed by Afren and now they get to benefit from it without do anything.
ILDV - earlier, you posted; "This will have long-term ramifications for the reputation of London market besides being a life changing tragedy for many hundreds of retail investors and their families. The destruction of this FTSE 250 company in a matter of a few months is the folly of breathtaking fraud at the expense of its shareholders. " ================================================ There are two reasons for pursuing this via ASAG a) is to ensure that there can be some reasonable effort towards closure (whether it is possible to return any material compensation is another matter); and b) to continue to pressure the respective parties and agencies, including the FCA and the government. This may not resolve matters in respect of AFR and its shareholders, but the aim here is to bring about better regulation, governance, and oversight. As things currently stand, what we have are ever-increasing degrees of corrupted-ness. At levels which are blatant, leaving us (in the UK) in no fit state to extol and export values and ideas of good governance and democracy to anyone else. People who are saying they won't invest in an African country again do not understand where the problem actually lies; more critically, the system as it currently stands disadvantages PIs/Retail Investors to such an extent that it has become like gambling, like a casino. Our research, brokers notes, End-of-Year Financial Reports, AGM's etc. are all meant to reduce the extent to which we are taking risks - however, instead, every investment decision is akin to roulette. Systemic change is necessary. But this will be hard to come by give the current government's biggest donors happen to be hedge funds. Good luck to you and ASAG!