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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
  -0.11 -5.47% 1.90 1.90 1.94 2.08 1.83 2.00 14,067,887 16:29:37
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 607.1 -1,255.0 -94.5 - 21.04

Afren Share Discussion Threads

DateSubjectAuthorDiscuss
29/6/2015
16:14
Great price to buy in & buy shares for 1pWhat a bargain!harebridge
29/6/2015
14:53
A special class of Bulletin Board Moron is the denier who insists that is what is patently bad news is in fact good news. The suspension of trading in shares in Quindell and an SFO/FCA probe? Yup according to the Quindell Echo that was – on balance good news. Worthington no news is good news if you are a denier. As for Afren, possibly bankruptcy well that is a buying opportunity for the denier.bustedflush2
29/6/2015
14:53
A special class of Bulletin Board Moron is the denier who insists that is what is patently bad news is in fact good news. The suspension of trading in shares in Quindell and an SFO/FCA probe? Yup according to the Quindell Echo that was – on balance good news. Worthington no news is good news if you are a denier. As for Afren, possibly bankruptcy well that is a buying opportunity for the denier.bustedflush2
29/6/2015
14:52
A special class of Bulletin Board Moron is the denier who insists that is what is patently bad news is in fact good news. The suspension of trading in shares in Quindell and an SFO/FCA probe? Yup according to the Quindell Echo that was – on balance good news. Worthington no news is good news if you are a denier. As for Afren, possibly bankruptcy well that is a buying opportunity for the denier.bustedflush2
29/6/2015
14:51
A special class of Bulletin Board Moron is the denier who insists that is what is patently bad news is in fact good news. The suspension of trading in shares in Quindell and an SFO/FCA probe? Yup according to the Quindell Echo that was – on balance good news. Worthington no news is good news if you are a denier. As for Afren, possibly bankruptcy well that is a buying opportunity for the denier.bustedflush2
29/6/2015
14:26
Can anybody explain why if the recap or the alternative recap is such a windfall for the bond holder why are the bonds trading at 45c in the $? The top of the food chain are the guys who put up the cash for the emergency funding, then comes the banks then comes the bondholders. If the recap goes through it is a gamble on the oil price returning fairly rapidly to $90 (unlikely but possible) Bondholders might do better than 45c on $, they might not. If there is a no vote then the assets will be sold, bondholders expect to get less than half the face value of their bonds. Shareholders get nothing. Anybody who thinks differently is pouring money down the drain - they will not hurt bondholders any more than 45c on $ already has. Don't forget bondholder can buy the assets and shareholders can't block them. The only sensible vote is to vote with your feet and sell to get back what you can now. In the event of a no vote which the company has said will give zero return to shareholders, how can the shares continue to trade? It is highly likely that the shares will be suspended. At least a no vote lets Alan Linn off the hook, he can claim he could have saved the company, but the shareholders would not let him. His reputation is on the line with a yse vote.sweet karolina
29/6/2015
14:03
Originally posted Monday 29th June by Ynotdeal on LSE. Following publication of the Prospectus, and the AGM, there is less clarity about the strength of the Bondholder's position. There is more to be discussed with the Company, Morgan Stanley and Blackstones (the ad hoc guys) with a view to a fairer deal, and that is our focus at the moment. The deal is not final yet. Please remember the words "a deal is not done until it's done" These guys will not surrender one iota until the last possible moment. That's why they are such tough negotiators. But we too will be there untill the last moment and we will oppose their every move. The current offer is unacceptable. That is the view of our membership and the view they convey. IF YOU OPPOSE THE CURRENT OFFER please register your shares with ASOG by emailing us at; asogafrenregistration at outlook.com and enter your holding in the SUBJECT field then send. No message needed. You will receive a short questionnaire by return to complete your registration. We need your voting numbers so we can gauge our strength at the EGM vote. Remember that you can be a member of the Legal Action Group as well. You can attack this from both directions. Finally.... IF YOU DO NOT WISH TO VOTE YES, DO NOT SIGN AND RETURN THE VOTING INSTRUCTION SENT TO YOU BY AFREN PLC. We will offer further guidance in due course.... check out this link... https://www.dropbox.com/s/3mlkgqm71e3dx6g/130%20Afren%20Voting%20Letter%2024-6-15.pdf?dl=0 Thank you. TONYcenturionsid
29/6/2015
13:56
IF YOU OPPOSE THE BH OFFER Originally posted Monday 29th June by Ynotdeal on LSE. Following publication of the Prospectus, and the AGM, there is less clarity about the strength of the Bondholder's position. There is more to be discussed with the Company, Morgan Stanley and Blackstones (the ad hoc guys) with a view to a fairer deal, and that is our focus at the moment. The deal is not final yet. Please remember the words "a deal is not done until it's done" These guys will not surrender one iota until the last possible moment. That's why they are such tough negotiators. But we too will be there untill the last moment and we will oppose their every move. The current offer is unacceptable. That is the view of our membership and the view they convey. IF YOU OPPOSE THE CURRENT OFFER please register your shares with ASOG by emailing us at; asogafrenregistration at outlook.com and enter your holding in the SUBJECT field then send. No message needed. You will receive a short questionnaire by return to complete your registration. We need your voting numbers so we can gauge our strength at the EGM vote. Remember that you can be a member of the Legal Action Group as well. You can attack this from both directions. Finally.... IF YOU DO NOT WISH TO VOTE YES, DO NOT SIGN AND RETURN THE VOTING INSTRUCTION SENT TO YOU BY AFREN PLC. We will offer further guidance in due course.... check out this link... https://www.dropbox.com/s/3mlkgqm71e3dx6g/130%20Afren%20Voting%20Letter%2024-6-15.pdf?dl=0 Thank you. TONYcenturionsid
29/6/2015
10:41
If they go bust do you think HMRC would accept an application for share loss relief on hardship grounds? Anyone know about these things?pinemartin9
28/6/2015
16:53
Toatal desperation by the company. It looks like they are seriously worried about a no vote. My guess is the general has said he will vote no and unless they can get a much better turnout than the AGM the general on his own can block the special resolution. The best way to vote is to vote with your feet and sell whilst you still can.sweet karolina
28/6/2015
11:21
just a year ago we had a 600,000 director share sale at 141p...incredible Reading some interesting posts on lse site action group... even mentions KKR requesting info on possible purchase of some 'worthless' afren assets and the need for the company to respond and explore other avenues to restore/maximise value for all stakeholders...including shareholders...mister md
27/6/2015
21:59
Thanks,temmujin.gbengus50
27/6/2015
20:58
gbengus...ascent resources...it really is an amazing opportunity,completely friendless though due to the past but on the treshold of a new dawntemmujin
27/6/2015
17:38
In a nutshell...A NO vote ensures bankruptcy, losing all your money. A YES vote ensures a future for Afren & a reasonable chance to make some money on the OO price or at these levels.It's been made very clear that there WILL NOT be a plan B!I like most have lost a lot on this venture. I want to make some back here.harebridge
26/6/2015
19:57
Which company is AST?gbengus50
26/6/2015
19:45
It will be way oversubscribed.Is there a maximum amount anyone can buy?harebridge
26/6/2015
17:50
or you could buy AST and get yourself a 40 baggertemmujin
26/6/2015
17:34
I really cannot see the logic behind buying a load more shares at 2p+ when you can apply for as many 1p shares as you want in the Open Offer. You may not get all that you apply for, but the chances of all the nearly 1 Bn shares available to existing shareholders being subscribed for is pretty small. Quite a few shareholders will not take up the offer, others may take up their 4 for 9 that leaves a lot of shares for those that want to apply for way over the 4 for 9, indeed on average existing holders would need to apply for nearly 1 for 1 to hit the limit and for scaling back to be required. The Bond Holders do not intend to subscribe so the overall OO will be way under subscribed - which should be a warning sign in itself. Alternatively fill your boots after the whole thing has gone through at between 5 and 10p per shares (post consolidation prices). Alternatively do not throw any further good money after bad until there is some clear evidence that the company can be saved and is generating the sort of cash needed to repay the massive debts it still has and which have only been pushed right a relatively short way.sweet karolina
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