Keyword results: SEPLAT

AFR
AFR

Afren - the figures behind a debt/equity swap

I have bought another significant chunk of Afren debt this morning at 39.5c, flat (no accrued interest paid). It seems as though the bond market is not as delighted as the retail buyers of Afren shares over the upcoming restructuring of the Company and have dropped in price. 

AFR
AFR

Afren – Seplat pulls out this is NOT GOOD news

I wrote yesterday that I doubted that Seplat would offer a deal that would prove acceptable to Afren's board and so it has proven. They have been told to sling their hook and off they go, having proved themselves to be time wasters. 

AFR
AFR

Afren Shares tank as bid talks off – still a sell at 5p – target 0p

You cannot say that Lucian Miers, the Great Waseem and myself did not warn you often enough! Bid talks with SEPLAT are officially off and Afren (AFR) shares have tanked to 5p. Next stop 0p. To those who responded with abuse, enjoy poverty suckers but it is still not too late to get out.

AFR
AFR

Afren - A Hypothetical Restructuring

There has been a lot of nonsense spouted on the bulletin boards over Afren (AFR) and its current financial predicament. For some reason, retail shareholders seem to think that they can dictate what happens to their Company now, even though it is out of cash and cannot meet its debt obligations. They argue that the Company has very valuable assets and so someone will come in to save them by paying a large premium to the current share price. 

AFR
AFR

Afren a stonking short trade for Valentine at 10p

Afren's (AFR) recent woes put it right up there with Quindell (QPP) as the must do short for February.  Where Quindell has one deadline this month, Afren has two:

AFR
AFR

I have good news and bad news for Afren shareholders.

The bad news is that there is little or no value in the equity, which means that shareholders are going to lose all of their money. 

AFR
AFR

Afren…a bondholder writes ( and you may not like it)

I am a bondholder in Afren (AFR), having bought in size in recent days as the company has revealed its cash flow problems. I haven't bought very well, I'm afraid, paying far too much early last week at 41c, although I did add significantly at 34c, without paying accrued interest into the bargain. That means that, in the unlikely event that the coupon due on 31st January 2015 is paid within the 30 day "grace period", I'll have bought at the equivalent of about 28c. 

AFR
AFR

What does the latest news mean for Afren?

Just when you think that Afren (AFR) can’t get any worse it seems to have the ability to release another piece of news that trashes the share price!

AFR
AFR

Is Afren worth the risk?

I’ve been watching Afren (AFR) with great interest in recent weeks and am not convinced it is the basket case that some are saying it is, including TW as he explains HERE.

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