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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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Interesting... [video] hxxp://www.cnbcafrica.com/video/?bctid=4436027346001arbez
Greygeorge, Hopefully you will see this on the one you watch. I've deleted my account on lse now as I didn't like the poster I was becoming, it comes naturally to you lol! I'm done with this now, at least no more gulible posters can be taken in by the idiots on there, unless they have to cough up for the legal action of course! Good luck with your investments, Andy.andypop1
http://mgafrica.com/article/2015-08-14-as-oil-prices-tumble-from-algeria-nigeria-gabon-to-angola-africas-producers-are-in-tears/? End of the road, situation beyond dire. Cash-strapped oil producers, unable to pay salaries and provide social services, increase the risk of social instability.ny boy
Anybody else use London South East, Afren BB, it's unobtainable now Afren has de-listed from Ftse 100 Seems a shame you can't go on discussing a defunct share (on LSE) Hope we can continue on ADVFNrobertfaulkner
I suspect they are waiting for the administrators to declare nil value. It wont be that long; what the muppets on LSE no doubt don't understand is everything has work commitments which need paying for so the assets can't just be left on the shelf. Not even counting the time value of money. 2 months tops IMO. Having said that I can wait, 100% is a rate of return I can be patient for.hpcg
Anyone had their short settled or their long closed out at 0p( on a margin account) yet? If so who with? Still waiting for IG to pay out at 0p for my open short position. Regards.mrwhits1
A Nigerian once told me, keep clear of African stocks, they are generally run by crooks & thieves and even he doesn't invest in his own Continent!ny boy
My average is 0.0005p! I'm a walter mitty type!maryhopkins
Learn the lessons from AFREN! As soon as it becomes clear that directors are stealing from the company or are deliberately misleading investors don't call FCA / Regulators / lawyers / the shareholder action group / the police, call your broker and say SELL NOW. There is no reverse Newtonian law that says what goes down must go up. Averaging down to try to get money back is a complete mug's game. People who say you only really lose when you sell do not know what they are talking about. Do not worry that the share price might bounce after you sell, it may well do, but the chances of you calling it right and not just losing more money are slim. Never hang on to vote at an AGM / EGM, it makes no difference. Always vote with your feet and sell. If you still want to cause grief as a shareholder then just keep a tiny amount so you can remain a shareholder and still give them grief.sweet karolina
news todaythe stigologist
longfish, Not sure what you mean re "swap charge"? There's no "swap charge" in my calculations. There are interest rates and a borrowing fee, both of which I've double checked are in the right sort of ball park. And yes, I've assumed a year. If you want to assume a different time frame then feel free to. But the point is that one year equates to 0.06p per share. two years would still be significantly less than Old Giggleswickian's "plucked out of the air" figure of 0.75p. Most people would assume a period of less than one year! JakNifejaknife
agreed, in reality a bit of both becasue they probably only hedge above a certain risk level. But the point remains is that they are in it for the long term returns of repeated client trades not short term games. Look what happened to PLUS500 when people figured out that they were pursuing a more 'agressive' strategy than the rest of the industry.dangersimpson2
dangersimspon2 It depends if they are a-booking or b-booking their clients trades.longfish
JacNife... errm....you just made up a swap charge out of thin air, then added a fictional time period to it - and then ACTUALLY came out with a figure which you have based your argument on! I love this forum!longfish
I was surprised that the company when referring to the then current situation and on going discussions did not seem to include shareholders as being a stakeholder - you would think that the individual owners of the company were each stakeholders in their own right. When attending an AGM of a company should I ask the question does the chairman think that as a shareholder I am a stakeholder in the company?deans
AFR - yet another entity to add to the "worst of" history of the LSE. One of the features of the "worst of" is the scale of misrepresentation which oftentimes occurs in the "latter days" of the demise of an entity. Corporate governance seems to count for nothing in a fast paced financial unwind. The upheaval arising out of the malfeasance of senior management seems to have resulted in missed opportunities. I recall reading in a set of financial results released by AFR about its plans to hedge 15%-25% of oil output. Only having hedging plans at a time of an oil price collapse may have accelerated the demise of AFR. An aggressive strategy to protect income streams may have bought incoming management time to restructure and on terms more favourable to shareholders. Another story to act as a reminder to all equity investors - as if one were needed since 2008/09 - that debt rules the world.bobsidian
Jak, He's expecting IG to close the shorts at the last dealing price. Can't see why they would though. If they decide to play games and close longs at zero and shorts at c.1.8p and pocket the difference why would anyone take a short position on their platform again. Which defeats the point of their business which is taking the spread between longs and shorts and hedging any risk above a certain level in the market. They would rapidly lose the short traders who provide hedging free to them and damage their margins. Dangerdangersimpson2
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