UK 06:43 Wednesday, 23 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
As predicted HERE the currently proposed restructuring of Afren is dead in the water. Given that the shares are already suspended from trading, I see absolutely no excuse for this announcement coming after-hours, at 4.31pm – see HERE - it is contemptable. The General Meeting scheduled for Friday and the Scheme Meeting scheduled for Wednesday of next week have both been adjourned until further notice.
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Comments
Paul Curtis
Nigel
You have called this very well. IMO Bondholders no longer want full kilogramme but just want to salvage whatever they can from the wreck. Looks like they will suffer heavy losses. Equity obviously deserve nothing.
Bonds last traded at 26.75 cents and I’ll be pleased to get this back now!!!