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Afren Share Chat - AFR

Share Name Share Symbol Market Type Share ISIN Share Description
Afren Plc LSE:AFR London Ordinary Share GB00B0672758 ORD 1P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 +0.00% 1.79 0.00 0.00 - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 607.1 -1,255.0 -94.5 - 19.77

Afren Share Discussion Threads

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DateSubjectAuthorDiscuss
28/7/2015
06:41
Uncertain Times for Quindell (LSE: QPP) and Afren (LSE: AFR) but not BowLeven (LSE: BLVN). 28th July 2015 http://www.directorstalk.com/uncertain-times-for-quindell-lse-qpp-and-afren-lse-afr-but-not-bowleven-lse-blvn/tradingstock247
27/7/2015
15:38
Dead DuckWell done to anyone that had the common sense to bail out of this obviously pathetic bankrupt companybigsi2
27/7/2015
09:44
Ockham must be turning in his grave. How difficult is this? The company has put our RNS after RNS saying it needs a cash injection to keep going. It gets a bridge loan, after which the oil price turns south again, and then announces that production is worse than anticipated. It now needs more cash. So the company has just demonstrated it is currently loss making on a cash basis. Anyone lending money, or putting money in through equity no matter what the dilution, will simply lose it. We are now just counting down the days to the RNS which says: "As per the announcement of 15 July 2015 Afren has been seeking additional funds to secure its near term cash requirements. In the time since your board has been unable to obtain the required cash injection and thus the company has been placed into administration. Given the large debt and the current state of the oil industry it is highly unlikely that shareholders will receive any return from the bankruptcy process."hpcg
27/7/2015
09:43
PAUL CURTIS (@paulcurtis123) tweeted at 2:07 pm on Sun, Jul 26, 2015: Sun Times on Afren. Problem is further delays re connecting Ebok CFB to production wells reducing 2015 cashflow. Plus higher % water content (https://twitter.com/paulcurtis123/status/625291350284611584?s=03)whiskeyinthejar
27/7/2015
09:12
The night before afren was suspended this board was quiete excited to read that Seplat may still be interested. I always thought there could be a connection between the delays of the deal and Seplt bid interest.debbiegee
27/7/2015
08:29
I can't imagine anyone wanting to put more cash into this endless money pit, especially if the reservoir at Ebok is now screwed. As the days pass administration is a foregone conclusion. Irrespective of bondholders calling in the default it is simply going to be trading insolvent at a cash level.hpcg
27/7/2015
07:59
My read on this mornings RNS is that the BoD are packing their bags and everything they can find in the stationery cupboard then running for the exit.lobo
27/7/2015
07:36
Mallorca.... i recall you were not having much luck on the stock market... You also went in big here... is this you finished if no successful conclusion..?? I recall after XEL you went into another share that Tanked which was supposed to pull you right ??carla1
27/7/2015
07:12
Where's Ben?desertding
27/7/2015
07:06
My read on this mornings RNS is that a better offer may be made to shareholders.mallorca 9
26/7/2015
21:53
For those interested in oil companies check this Interview with Gaurav Sharma - an Independent Energy Analyst: https://www.youtube.com/playlist?list=PLnSelbHUB6GQr7uOquehoEvqrFyH2KyI3jarrow3
26/7/2015
15:09
better make up your lossess either in JLP or RMP, both are about to rerate big time in the next couple of weeks. DYOR of course ------------- RMP RNS just out farm in confirmed. spudding in 2 weeks time for huge gas field off philipines SHELL is watching like hawk worth 50p to RMP hxxp://www.energynewspremium.net/StoryView.asp?storyID=826951023§ion=Asia+Watch§ionsource=s1384047&aspdsc=yes hxxp://catalysthunter.com/oil-gas/rmp/1-in-3-chance-of-a-20-bagger-offshore-drilling-weeks-away/20150505/nash81
26/7/2015
15:09
better make up your lossess either in JLP or RMP, both are about to rerate big time in the next couple of weeks. DYOR of course ------------- RMP RNS just out farm in confirmed. spudding in 2 weeks time for huge gas field off philipines SHELL is watching like hawk worth 50p to RMP hxxp://www.energynewspremium.net/StoryView.asp?storyID=826951023§ion=Asia+Watch§ionsource=s1384047&aspdsc=yes hxxp://catalysthunter.com/oil-gas/rmp/1-in-3-chance-of-a-20-bagger-offshore-drilling-weeks-away/20150505/nash81
24/7/2015
08:49
If some one is prepared to loan them $30m....then there's a bit more to this that they're not telling us.htrocka2
24/7/2015
08:42
Afren are in no position to negotiate anything.julcester
23/7/2015
11:39
(AFR) Afren is currently negotiating a short-tern loan of $30m to keep it going at least for a while 23rd July 2015 Afren is currently negotiating a short-tern loan of $30m to keep it going at least for a while, but whether it can produce an updated restructuring deal that its lenders ... http://www.directorstalk.com/afr-afren-is-currently-negotiating-a-short-tern-loan-of-30m-to-keep-it-going-at-least-for-a-while/tradingstock247
23/7/2015
07:54
The subsidiary is doing well. HTTP://www.thisdaylive.com/articles/fbn-holdings-records-n52bn-profit-before-tax-in-six-months/215359/htrocka2
22/7/2015
23:34
what made AFR a good short even late on was that IG were happy to take positions even after the shares had dropped so far. Usually liquidity dries up and they won't accept new positions. It was of course helped by the share price spiking up even after the bond holders and board of directors had publically declared that they believed the equity value to be less than 1p if the recapitilisation went ahead and zero if it didn't. It is rare to get a risk free trade but it just goes to show there are occasionally some about.dangersimpson2
22/7/2015
23:17
Shocking isn't it! I'm over it now but will always look back at this period in my life and think what could've been. When the grim reaper comes it'll be peanuts but for now it hurts! Hunker down save the pennies learn the lessonpinemartin9
22/7/2015
15:09
Jibba - I have some short positions from as low as 1.79p and from as late as the day before the suspension. It is a function of shorting that whilst the maximum gain is 100%, that is the maximum from any and every price. Selling 1000 pounds worth short is the same result from 100p as from 1p if the exit point in 0p. Or to illustrate the maths with another example when selling short an entry at 1p and an exit at 0.5p is the same result as an entry at 100p and an exit at 50p, just as it would be for the other way around and a long position. The only trouble with being late is there tends to be impossible to put on a short position.hpcg
22/7/2015
00:26
The last time I went into a Nigerian investment was years ago with EEL, probably better that than this. It was a small loss but confirmed to me Nigeria, Russia and a few other places are off limits for any serious investment. Even though I made a fortune from my GKP 'pre-Shaikan' holding, built up in the crunch, I will probably never invest in a Kurdistan or Iraqi focussed stock ever again. Better to go for low-risk low reward, than lose the lot. As someone mentioned earlier, a company that was doing nearly $billion revenue looks like its heading to the knackers yard. Who would have thought it? Cashcashandcard
21/7/2015
22:34
It's inevitable to be hard on oneself and correct. However management here have screwed up and tried to pull the wool over people's eyes. That lack of morals and integrity is why I'm never buying a share directly again. It's all about the management. It's happened with so many companies recently that I'm totally disillusioned. Tesco, Serco, Quindell, Afren, Monitise, Hertz the list is endless.pinemartin9
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