Afren Share Discussion Threads

[kazz] 26/9/2017 10:45

Marvellous.

[stockport winner] 24/7/2017 07:58

shahenshah
Member since: 15 Sep 2005

[hithere2] 12/7/2017 15:15

In case you missed it


hithere2
11 Jul '17 - 17:17 - 272 of 272 0 0 Edit

hithere2
11 Jul '17 - 13:00 - 271 of 271 0 0 Edit

Hi folks,

here's a free trade for you . Price now is sitting at 7305 ( I cannot rule out 7225or below) but I am long here and looking for 7.4% on my trading pot with an exit target 7452.


You're welcome

[loglorry1] 18/5/2016 14:56

If anyone has any spare stock they want to get rid of at a nominal value I'd be a buyer. Need around 750,000 shares willing to pay 0.1p/shr plus any dealing costs you incur to transfer the stock to my broker.

Log

[hpcg] 16/5/2016 14:55

kching - that's brightened the afternoon!

And that's done interesting things to my email as I had 65 positions close out simultaneously.

[nigelpm] 26/4/2016 06:27

Worth noting that IG are just following internal procedure. Nothing wrong in that

[midasx] 26/4/2016 06:17

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?

[mrwhits1] 25/4/2016 08:22

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.

regards

[midasx] 25/4/2016 06:09

Intertrader have now settled long sb at Zero.

Can anyone confirm if they have settled short positions?

[withoutt] 19/4/2016 14:21

Cheers Mr Whits.

[mrwhits1] 10/4/2016 21:29

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

Regards

Mrwhits.

[withoutt] 08/4/2016 07:17

Have these been removed from Crest yet? tia.

[12bn] 05/4/2016 12:23

GKP holders should have a read of this thread.

[ldlv] 29/3/2016 17:28

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

[robertfaulkner] 18/3/2016 14:13

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

[pinemartin9] 07/3/2016 20:49

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.

[aja5] 21/1/2016 12:35

with the current POO the bondholders have been shafted too,all down to their greed...............couldn't have happend to a better bunch of??????????

[jahir57017] 21/1/2016 09:37

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?

[fraserdean] 09/12/2015 11:11

Some things float:

hxxp://www.bizdb.co.uk/company/loa-energy-limited-09284113/

[hpcg] 06/12/2015 13:11

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.