UK 08:37 Wednesday, 23 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: The author has a short position in one or more of the shares mentioned. 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.
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.
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Comments
john g
Waseem bang on the money as usual.
3142
“I had shorted Afren ……but foolishly closed at 9p.”
So, first you thought going short was a good idea, then you thought it was a bad idea, now you think it’s a good idea!
The facts haven’t changed, so you clearly lack the courage of your own convictions.