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AFREN (AFR) Is this the next TULLOW??? (AFR)     

niceonecyril - 04 Apr 2009 08:30

< "> Chart.aspx?Provider=EODIntra&Code=AFR&Siedit this post http://www.investegate.co.uk/afren-plc-%28afr%29/rns/trading-statement-and-operations-update/201301210700069619
http://www.investegate.co.uk/afren-plc--afr-/rns/2012-full-year-results/201303250700107200A/

In an attempt to cut down the header page,i've transferred some of the older news to Page1 post No.3.

http://www.oil-price.net/index.php?lang=en
http://www.ft.com/home/uk

http://www.investegate.co.uk/Article.aspx?id=201111020700081674R
http://www.investegate.co.uk/Article.aspx?id=201111150700250723S
http://www.investegate.co.uk/Article.aspx?id=201112010705051251T
http://www.investegate.co.uk/Article.aspx?id=201201170700146472V
http://www.investegate.co.uk/Article.aspx?id=201201230701479690V
http://www.moneyam.com/action/news/showArticle?id=4323758
http://www.investegate.co.uk/Article.aspx?id=201204170700164488B
http://www.investegate.co.uk/Article.aspx?id=201205140700212304D
http://www.investegate.co.uk/Article.aspx?id=201205210700407032D
http://www.moneyam.com/action/news/showArticle?id=4430164
http://www.investegate.co.uk/afren-plc-%28afr%29/rns/significant-new-seychelles-3d-seismic-programme/201212120700052973T/
http://www.investegate.co.uk/afren-plc--afr-/rns/2013-half-yearly-results/201308230700063334M/
http://www.investegate.co.uk/afren-plc--afr-/rns/ogo-drilling-and-resources-update/201311190700083404T/
http://www.investegate.co.uk/afren-plc--afr-/rns/trading-statement-and-operations-update/201401280700096280Y/
http://www.investegate.co.uk/afren-plc--afr-/rns/interim-management-statement/201405200700135209H/
http://www.investegate.co.uk/afren-plc--afr-/rns/interim-management-statement/201410300700116483V/
http://www.moneyam.com/action/news/showArticle?id=4942625
http://www.moneyam.com/action/news/showArticle?id=4943375

HARRYCAT - 19 Jan 2015 08:24 - 2988 of 3666

Just no news yet. Nigeria are an hour ahead of us, so shouldn't be long now! Rumour was that they would ask for a seven day extension to the deadline.

niceonecyril - 19 Jan 2015 08:50 - 2989 of 3666

It seems that any extension must be applied for by AFR?

niceonecyril - 19 Jan 2015 08:53 - 2990 of 3666

http://uk.advfn.com/news/UKREG/2015/article/65144489

cynic - 19 Jan 2015 12:11 - 2991 of 3666

i am very puzzled (and thick), but of you look at today's news for AFR there are some very odd tradings from morgan stanley
anyone understand them, or are they pretty irrelevant?

niceonecyril - 19 Jan 2015 12:34 - 2992 of 3666

I''l pass,just as confused.

aldwickk - 19 Jan 2015 12:42 - 2993 of 3666

Ask goldfinger or skinny

aldwickk - 19 Jan 2015 12:48 - 2994 of 3666

my stop loss at 27p as just been triggered

cynic - 19 Jan 2015 12:59 - 2995 of 3666

sp has stayed remarkably stable, which is strange in itself

HARRYCAT - 19 Jan 2015 13:08 - 2996 of 3666

As I mentioned in post #2893, these trades have been going on for some while Cynic. They are TRP's, but I don't quite understand how they fit into the day's trading figures.

[TRP's: A swap agreement in which one party makes payments based on a set rate, either fixed or variable, while the other party makes payments based on the return of an underlying asset, which includes both the income it generates and any capital gains. In total return swaps, the underlying asset, referred to as the reference asset, is usually an equity index, loans, or bonds. This is owned by the party receiving the set rate payment.

Total return swaps allow the party receiving the total return to gain exposure and benefit from a reference asset without actually having to own it. These swaps are popular with hedge funds because they get the benefit of a large exposure with a minimal cash outlay.]

mitzy - 19 Jan 2015 14:06 - 2997 of 3666

Off 10% today.

cynic - 19 Jan 2015 14:10 - 2998 of 3666

that's actually peanuts .... if there's even a sniff of seplat pulling away, then prepare for 20p or less before you can blink

=========

meanwhile, there's a little flurry of buying with sp a tad over 28 = down 5% on the day

required field - 19 Jan 2015 14:15 - 2999 of 3666

A drop won't last...it might be good for shorters if they are quick or have an order (mighty risky...)....and then the climb back should resume....

required field - 19 Jan 2015 14:17 - 3000 of 3666

RNS : extension...good they are in talks...

required field - 19 Jan 2015 14:18 - 3001 of 3666

Time to buy some more...

cynic - 19 Jan 2015 14:25 - 3002 of 3666

indeed and in full .....

Afren Plc
Has received consent of UK Takeover Panel for an extension to deadline until 5.00 p.m. on 30 January 2015
There can be no certainty that an offer will be made or as to terms of any offer

cynic - 19 Jan 2015 14:49 - 3003 of 3666

i've had a small (extra) dabble at 27.90
quite surprised there isn't a slightly stronger reaction to the news, but certainly lots of traffic

required field - 19 Jan 2015 15:01 - 3004 of 3666

Well it means they are considering bidding....I think that there might be another bidder that might emerge.....so as long as we are patient...in the long run it might pay dividends...

maggiebt4 - 19 Jan 2015 15:17 - 3005 of 3666

Awful lot of mights there. Here's hoping you might just be right:-)

jimmy b - 19 Jan 2015 15:48 - 3006 of 3666

Everything is a might maggiebt4 ,life itself is 6/4 against .

HARRYCAT - 19 Jan 2015 16:58 - 3007 of 3666

Death and taxes are a dead cert! No 'might' there!
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