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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Afren | LSE:AFR | London | Ordinary Share | GB00B0672758 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.785 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
08/7/2015 11:02 | ASOG Final Voting Opinion & How To Place Your Vote It is our opinion that the balance of risk and reward between the YES and the NO votes is in favour of the NO vote. The ASOG committee will all be voting NO. However that is a personal choice and not to be taken as advice. We are currently conducting a survey of the views of our members, and at the time of writing, the overall majority of responses are in favour of the NO vote, in spite of the significant risk. On that basis we expect the majority of ASOG members will vote against the resolution at the EGM To see the full text of our opinion download this file; You should have voted by 15th July latest. EGM How to place your vote If you are unsure how to place your vote at the EGM, download this instruction file; BR Sid | centurionsid | |
08/7/2015 10:56 | Deans: Here you go. | biggerthus | |
08/7/2015 10:01 | Can't download the supplementary prospectus anyone idea when it will be possible from the Afren website? | deans | |
08/7/2015 07:51 | SP falling,why I wonder? It couldn't be the sub-1p D4E/RI that is due at the end of the month could it? | 12bn | |
06/7/2015 22:34 | POO not helping here. | still waiting | |
06/7/2015 22:11 | tradinstock247... That's handy. As the vote has not yet taken place it's now beyond the reach of bondholders as well as creditors. this is what happens when you vote 'NO' (they bark, threat and blackmail... but in the end, ask you back to the table with their tails between their legs) | htrocka2 | |
06/7/2015 14:15 | REGISTER Your Share Votes If you do not plan to vote in favour of the current offer we encourage you to register with ASOG so we can count the power of our support. The higher our numbers the more pressure we apply to BHs BEFORE the EGM. To register, email us at asogafrenregistratio Thank you. See us on YouTube hxxps://youtu.be/bwe | centurionsid | |
06/7/2015 13:52 | Sub-1p D4E/RI,time is running out here. My guess is 0.6p/0.5p area for the new shares. | 12bn | |
06/7/2015 13:26 | The bondholders want the company intact. A NO vote means the company and the assets get broken up. The assets broken up could be of little value to the bondholders, because there’s complications with the licences, which in the event of a break up could revert to the Nigerian Goernment. | flindy10 | |
06/7/2015 13:07 | Henderson.. BINGO.. you've hit the nail on the head...they'll have no other option but to come back to the table. 'There’s a chance that following a NO vote the bondholders will make a better offer.' | htrocka2 | |
06/7/2015 13:03 | From a member of the afrenlegalaction group: "I communicate regularly with Sapetro and have made it clear that their support is needed in this effort. I believe they will be fully cooperative with our objectives but they will keep their own counsel and act in their best interests which are aligned with ours. They have said that they would be an aggressive "NO" vote." | ldlv | |
06/7/2015 12:57 | Check this piece from the end of February raising serious questions over bond holders JP Morgan's meddling and manipulation of Afren's SP, we got this today in our afrenlegalaction yahoo com email, the guy sending the email put in the subject "Bond holders manipulation" Thanks! | ldlv | |
06/7/2015 12:56 | From Wild Wolf: "Vote No then Remove any executive of Afren who have colluded to unfairly and disproportionately remove value from the shareholders by misleading, misinforming or manipulating the share price in concert with others. Call the Police, 999- a robbery has occurred, 999- is occurring and 999- will be occurring. Tell any judiciary examining anything related to this robbery that they have not been informed of the severe and historic crimes occurring here. Inform the courts they are big coerced and manipulated on falsely prepared facts. The law has been, is being and will be violated and that they are being tricked into judicially enabling the thieves in the course of this still current crime. Are the courts aware the police have been called and a criminal investigation is being considered." | ldlv | |
06/7/2015 12:56 | From Wild Wolf "A combination of multiple lawsuits on action and the BoD need to be aware and convinced, that we will not stop hunting down until responsible have been taken through the legal system to account and then pay for robbing us. VOT NO, bring a better deal" | ldlv | |
06/7/2015 12:54 | From Wild Wolf"I hope the world we live in and work in is much nicer than this grubby industry, what a waste of time and effort. Life is far too precious than waste it on simply screwing over anyone for money as these scumbags all seem to live for. We will beat up bullies and the fact that we have the law on our side and SEC and SFO awaking into shutting down this scam, then it is going to be a fantastically enjoyable journey. We are facing an arrogant and persistent adversary and as the anticipated market crashes commence this week, they will try to use that cover to try an assortment of tricks. I will end this with the words I first published in March VOTE NO" | ldlv | |
06/7/2015 12:53 | We are asking the american citizens in our group to please forward a copy of a letter that is being prepared to the SEC besides writing to your Senator and Congressman if they agree - We will provide you with a note to that effect. If there are american citizens reading this bb that want to help please send us an email to afrenlegalaction yahoo com thanks | ldlv | |
06/7/2015 12:43 | Open letter from Wild Wolf to the General and wife:Dear Sir/ MadamWe are respectfully writing to you regarding a matter of mutual interest and mutual benefit.We represent hundreds of disgruntled small private investors in Afren PLC.It is our genuine belief that we just are the tip of the iceberg and there are tens of thousands of other affected investors who are of the same belief that shareholders are being cheated currently out of their investments and we want to make a stand against this.We also are contacting the required regulatory authorities to assist us in stopping these crimes from being completed.A continued and ever increasing media campaign will ensure that this will continue to be publicised until investigated and the truth of the mysterious behaviour of the Afren executive and their colluding friends to crash the share value of the company, will become public knowledge and any criminality will be made accountable. As you are no doubt aware, Afren suffered from previous over exposure to CAPEX investment, some irregular activities of the historic Boards of Directors and the temporary slump in oil prices.It is our opinion that these problems were exaggerated and a campaign of misinformation and manipulation and accounting falsifications have provided an excuse for a premeditated raid attempt by certain bondholders and financial institutions working in concert, to enable an attempt to steal the company using a host of dubious methods and puppet directors and to then sell the asset base on, cutting shareholders out of the equation and cheating them from the proceeds of their investments.Already this attack on the company (perhaps on behalf of a yet unnamed ultimate beneficiary) have resulted in the loss of 95% of the shareholder value of the company already and further losses of another 90% with the threat of the company's demise.We intend to fight this theft of shareholder value and bring those responsible to account.Just because they chose a company with a massive small investor base (mainly pensioners and average working class people) who they felt would be easiest to defraud, does not mean we have to accept their theft. We wont and we intend to fight to get a better offer for existing shareholders regardless of their threats.We have sufficient and an ever growing amount of evidence of a catalogue of crimes and breaches of duty and multiple examples of share price and information manipulation compile | ldlv | |
06/7/2015 12:41 | But I don't get why bondholders would offer anything following a no vote since if you believe the RNS (maybe a big ask I know but can't see why the new management like Linn would intentionally mislead since they have no history of failure here) they then have control of the BOD and all of the assets to do with what they like. Why would they offer anything to shareholders? If you believe the bondholders want the company for themselves then a no vote hands these to them on a plate. Again I understand the protest reasons for voting no and losing a small investment stake but if what you are really interested in is getting the upside from the assets then you could vote yes and then buy all the shares you want in the market from the bondholders for say 0.5p when they start selling the ones they got in the recap. In a recap the assets stay with the company and can be invested in wheras in a no vote they go to the bondholders and cannot be. | dangersimpson2 | |
06/7/2015 11:45 | It is not an absolute certainty that if a NO vote is carried, the company will go bust. There’s a chance that following a NO vote the bondholders will make a better offer. There’s a chance of a hostile takeover (all any predator has to do is inform the takeover panel and approach the shareholders directly). There’s always a chance that the sale of all assets will leave something for the shareholders The bondholders want this company for themselves. They could afford to offer ten times as much. And they would still be stealing it. | henderson | |
06/7/2015 10:54 | Be careful what you believe. The bondholders will promise you anything....to get control. | htrocka2 | |
06/7/2015 10:22 | DS, the sensible reading of AFR RNSs reassured us in 10/2014 that the company was a going concern with enough cash to meet commitments for the next 12 months. Be careful what you believe. | biggerthus | |
06/7/2015 10:00 | I think he's got his maths wrong in the video. Post re-cap there will be 13.03bn share in issue assuming no-one takes up their rights at 1p. So a 1bn mkt cap would be 7.7p not 9p. Obviously this looks unlikely since the BOD and bondholders have already said that they don't think it's even worth 1p/share by refusing to take up their rights. The alternative scenario where a no vote add's £400m extra debt so even w/o the extra shares a £1b increase in EV would only be 53p not 90p. But given that a no vote essentially hands the BOD and all of the assets to bond holders and they can sell them to themselves then what is the chance of a company with no assets, cash or cashflow being worth anything let alone £1b. I do have a lot of sympathy for the view that shareholders have not been treated well by the previous BOD and deserve recompense. Or that voting no makes sense as a protest vote where you lose all your money but get some satisfaction from it. However to suggest that voting no will lead to anything but a complete wipe for shareholders seems to me to be irresponsible given that a sensible reading of the RNS's clearly says otherwise. | dangersimpson2 |
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