||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Afren Share Discussion Threads
Showing 173201 to 173222 of 173225 messages
|Worth noting that IG are just following internal procedure. Nothing wrong in that|
|Thank you for that mrwhits1 I was ripped off by IG Index many years ago!
I am guessing that IG Index have not settled Long positions either?
You would guess the same rules should apply to each?|
|IG haven't settled my short position.
they say they cannot until the shares are cancelled in crest, so that their brokers can settle their positions, then they (IG) can settle their clients positions.
all a bit lame really, and one that has given me reason not to give them any more trade, so I moved to Interactive Brokers instead.
|Intertrader have now settled long sb at Zero.
Can anyone confirm if they have settled short positions?|
|Cheers Mr Whits.|
|No, and won't be for some time according to the administrators.
Best forget about it until at least next summer (2017), that's when the administration runs out.....that is unless the creditors vote to extend it. Shareholders don't get a say in that as they are not regarded as creditors by UK law according the administrators.
It's a real bummer, as the administrators openly say there is nothing for shareholders, on more than one occasion, but won't cancel the shares in crest yet etc etc etc.....
Feel free the email them, afren@alixpartners
|Have these been removed from Crest yet? tia.|
|GKP holders should have a read of this thread.|
|If any shareholder, company official or interested party in Afren PLC can provide any factual information of any event involving the company that they feel should be reported to the regulatory authorities or has unnecessarily damaged the value of the company, please can they collate the information and forward it accordingly to afrenlegalaction at yahoo com asap Thanks|
|Anyone know when we can put our loss against CGT
I'm in the lucky position of having made £13k profit(£11,100 tax free allowance) in shares this financial year (end Apr 5th). The first time for many years
It's only a small loss as I only invested £800 near the end. Selftrade still show me as only having lost £500 with the market value as £300.
I know they are worthless but it would be nice to put the £800 loss against my profits when I do my tax return in a couple of months|
|This is the end beautiful friend. The End.
26/2/16. Letter received from Alix Partners concerning the administration of Afren.
"As detailed in the report, due to the substantial shortfall to creditors, there will be insufficient funds to enable a return to the company's shareholders. ....Under UK insolvency legislation, shareholders are not considered to be creditors of the company and are therefore not entitled to participate in any distribution to the company's creditors."
You live and learn. The benefit of hindsight. At one time my investment in Afren was worth £50k. Now worth zilch. I've been royally screwed, been stuck like a deer in the headlights and also had some bad luck. All decisions made or not made were mine. A lesson learnt the hard way. I've probably lost about £22k on my original investment but a max loss of £50k from what they were worth.
Always use a stop loss. Never fall in love with a share and don't put all your eggs in one basket. Simples. Oh yeah, that last one is especially true if they are a Nigerian oil and gas company,
I'll recover - that £50k would have been useful now though!
Live long and prosper.|
|with the current POO the bondholders have been shafted too,all down to their greed...............couldn't have happend to a better bunch of??????????|
|because the stock hasn't been removed from CREST yet and no, Afren will never return.|
|Can anyone please inform why AFREN Shares still showing on my portfolio although the value is zero? Thank you. Is there any possibility that AFREN will be back on the Stock Market?|
|Some things float:
|Ldlv - once again you show up your lack of real world business experience. Only corporate Afren is in administration, the opcos continued as before. You know this. Thus a liability accrued only by an opco does not pass up unless there is a parent company guarantee. The opco itself is an asset of Afren and is sold whole, both assets and liabilities. For non-income generating companies their financial state deteriorates over time. Eventually the OPL310 subsidiary would be declared bankrupt.
Your lifetime battle will be a lonely one, without anyone to even battle against.|
|Hpcg we will go for the corrupt and their collaborators! #SaveAfren this is a life time project!|
|With POO heading lower anyone small and unhedged is screwed. Good judgement from the bondholders not to throw good money after bad here. With storage filling up it is not impossible Nigerian oil will have no customers.|
|Correct they're skint too.|
|Sirius petroleum SRSP to be the next afren of Nigeria I reckon|
|Well we did tell you a long time ago these would be worthless, plenty of others to follow as the energy/commodity rout of all time.|
|Court grants firm's injunction over Afren Plc. Lagos High Court has granted an interlocutory injunction restraining the company's Administrators (Messrs Alix Partners) and the Blackstone Group from dealing with Afren assets. Now delayed until 11th Jan 2016!!! Lets hope they NEVER manage to sell the assets! SAVE AFREN!The trial judge, O.A. Adamson will take his time as he has a lot to review...!|