Member Info for scott1984

by close of play

It's a mathematical certainty to hit 32p very soon, or very close to that. You are ramping for a quite trade, others be warned.

that's a good point, and MMs will also take the opportunity to crash the markets re trump's positive test.

this will be the worst red day, prob looking at 40 percent down by close of play, so that takes us to around 70p. then a slow drift to 50p. sp always reaches the fair value of the new shares that flood the market.

50p sounds fair

Seeing commenters here with a broad range of where the rights issue values the share price, from 25p to 80p. Can anyone do the maths?

Will these shares come out of suspension?

In short, no. The creditors will take over, bond holders. Everyone and the kitchen sink will get some money back, but not you guys.

tale. Don't think this is listed on AIM, but it certainly feels like it. These boards are full of rampers, who imo are worse than the derampers. Generally, it's not a good idea to average down in stocks, unless they are ftse100. I'm sure a lot of you have lost a packet here. Best is to forget about this share - ask your broker to remove it from your portfolio if they can, as you won't see any cash back from it. Watch out for the rampers, they're always in too deep and play on naive PIs for their own nefarious gain.

you all the best here guys. No chance of getting your money back, shareholders always last on the list.

Yup, don't stay in overnight here. Good chance to make a few hundred quid tho.

Waiting on the sidelines for a day trade here. Think MMs will take down to 1p again for the next bounce. Check 5 minute RSI and MACD...I'll be back

That's very risky Bothwell. Looks like today's market crash will continue into tomorrow.

On 15 July 2015, Afren shares were suspended after its failure to raise enough funds to continue operating, and reduced production levels.[9]

On 31 July 2015 Afren plc released a corporate update announcing that, having failed to secure refinancing, the board of the company would file papers to put the organisation into administration. AlixPartners were appointed as administrators.[10]

On 10 August 2015 the company was delisted from the London Stock Exchange.[11]

The oil and gas research team at stockbroker Stifel, meanwhile, said that there had to be a question now as to whether the company would need to tap shareholders for cash.

Chris Wheaton and Joe Sutcliffe told clients: "[The] balance sheet should be the number one concern for shareholders, given the risk of a potential equity issue to reduce debt. Even at the reduced capex level, the free cash flow generation of $150m guidance is substantially below the prior $500m."

Agree sir, and just posted to that effect. 10p looks like a decent entry price.

Afren plc was an international independent oil exploration and production company. It was formerly fully listed on the London Stock Exchange but is now in administration.

Happy to buy at 10p for a punt. Anyone know fair value with all the debt?

this gets to 1p, which I'm sure will be in the next few days, and the rescue deal is in place, what will Flybe look like as a company? Wondering if it's worth buying some shares at the 1p mark. Thanks

The update comes a day after Andrew Tinkler, a Stobart shareholder involved in a legal dispute with the logistics firm, said he had acquired a stake in Flybe. He said yesterday: “I have huge faith in the potential of this business [Flybe].

Buys flooding in.

about to pop imo due to short squeeze. Everyone who wants to sell will have done so now, so we will just see buyers and holders now.