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batman9

Member since: 30 Dec 2002

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  • RB. de-merger - Post 53

    INDV Indivior Plc

    batman9

    The Board has approved an interim dividend of 3.2cents per ordinary share. This is consistent with the commitment in the prospectus issued for the

  • Afren Plc. - Post 5504

    AFR Afren

    batman9

    This was a FTSE250 company that required debt restructuring. The management failed to go to its shareholders and instead went to its greedy

  • Afren Plc. - Post 5500

    AFR Afren

    batman9

    Now is the time for the bondholders to step in and support the company. Writing off substantially more of the debt and sharing the pain felt by

  • Afren Plc. - Post 5459

    AFR Afren

    batman9

    Just voted No.

  • Afren Plc. - Post 4995

    AFR Afren

    batman9

    Well when the share price was 50p the company could have had a rights issue at 25p and raised over £250m equivalent to $375m. Dilution would have

  • Afren Plc. - Post 4992

    AFR Afren

    batman9

    What the company needs is a fair rights issue.

  • Afren Plc. - Post 4977

    AFR Afren

    batman9

    Linns hands are tied by the old management/bondholders and his job is to convince ASOG this is a good deal for shareholders.

  • Afren Plc. - Post 4976

    AFR Afren

    batman9

    What the company failed to do was offer a rights issue to its shareholders but instead paid out $50m to help the bondholders take over the company for

  • Afren Plc. - Post 4975

    AFR Afren

    batman9

    The BOD is preparing to hand over 90% of afren to the bondholders for $233m.

  • Afren Plc. - Post 4945

    AFR Afren

    batman9

    In 2013 it was $5 a barrel but then you had to add on exploration, maintenance, interest....