29/05/2015 08:25:22 Free Membership Login

Afren News (LSE:AFR)

05/29/20152:44AMALNCAfren Gets Funding From Noteholders As First Quarter Revenue Drops
LONDON (Alliance News) - Oil and gas explorer Afren PLC on Friday said it has secured a higher-than-anticipated funding commitment from its noteholders, as it said revenue and its operating cash flow in the first quarter of 2015 dropped sharply year-on-year. Afren said that holders of its 2016, 2019 and 2020 nots have... More...>>
05/18/201510:37AMDJNThorntons' CEO Departs; Blinkx Warns on Profit Hit
Dow Jones smallcap news is on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/SmallCapsUK THORNTONS PLC (THT.LN) said its Chief Executive Jonathan Hart has stepped down, capping a troubled recent period for the 104-year-old U.K. chocolate maker and confectionary retailer. At... More...>>
05/18/20157:59AMDJNBlinkx Warns on Profit Hit; Tower Resources Posts Loss
Dow Jones smallcap news is on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/SmallCapsUK BLINKX PLC (BLNX.LN) predicted a "near-term impact on gross margin and profitability," hitting shares of the online video platform operator, as it reported a loss for its 2015 financial... More...>>
05/18/20155:22AMDJNAfren Directors Resign; 888 Makes Offer for Bwin.party
Dow Jones smallcap news is on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/SmallCapsUK AFREN PLC (AFR.LN), an oil explorer, said two of its non-executive board directors will resign after the close of the company's annual general meeting on June 25. At 0808 GMT shares up 0.1... More...>>
05/18/20153:05AMALNCTwo Afren Non-Executives To Retire At AGM In June
LONDON (Alliance News) - Afren PLC Monday said non-executive directors Peter Bingham and John St John have decided to retire and won't be putting themselves forward for re-election at the company's Annual General Meeting on June 25. As previously announced, the company is seeking to appoint additional non-executive directors... More...>>
04/30/201512:22PMALNCAfren Posts Pretax Loss As Lower Oil Prices Hit Business
LONDON (Alliance News) - Afren PLC Thursday said it swung to a pretax loss in 2014 as revenue fell and it was hit by an impairment charge due to lower oil prices and the write-off of its Barda Rash reserves. The company had a torrid year in 2014, marked by a failed takeover approach that came on the back of a hit from... More...>>
04/09/20153:02AMALNCAfren To Use Grace Period On Interest Due On 2019 Bonds
LONDON (Alliance News) - Afren PLC on Thursday said it has decided to take advantage of a grace period on the payment of interest due on its 2019 bonds. The oil and gas company said it would utilise a 30-day grace period under the 2019 bonds on the USD12.8 million interest payment that had been due on Wednesday, pending... More...>>
04/09/20152:07AMALNC*Afren Says Using Grace Period On USD12.8M Of Interest Due Pending Completion Of Interim Funding Process
04/09/20152:06AMALNC*Afren To Utilise 30-Day Grace Period On 2019 Bonds With Respect To Interest Due Apr 8
04/08/20156:12AMALNCAfren Confirms Partner Has Tried To Terminate Nigerian Contract
LONDON (Alliance News) - Afren PLC Wednesday confirmed that one of its partners has tried to terminate the production sharing and technical service contract covering the Okoro field offshore Nigeria, but said operations continue as normal. In March, Afren said it had received a notice of breach of the contract from partner... More...>>
04/07/20156:55AMALNCAfren Confirms Press Reports Alan Linn To Be New Chief Executive
LONDON (Alliance News) - Afren PLC Tuesday confirmed press reports that Alan Linn will become the company's new chief executive. Afren said that Linn is currently acting as a consultant to the board of directors, but Afren confirmed it has agreed, in principle, for Linn to join the board and become the company's permanent... More...>>
04/01/20159:30AMALNCAfren Short Term Funding Deal Hit By Delay, To Be Concluded "Imminently"
LONDON (Alliance News) - Afren PLC Wednesday said the USD200 million funding that was agreed in principle earlier this month has been hit by a minor delay, but said it plans to finalise the deal "imminently". On March 13, the oil company said it had entered into an agreement with some holders of its 2016, 2019 and 2020... More...>>
03/23/201511:30AMDJNHalfords Appoints CEO; Premaitha Wins Contract
Dow Jones smallcap news is on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/SmallCapsUK HALFORDS GROUP PLC (HFD.LN) said it has appointed Jill McDonald as chief executive of the bike and car-parts retailer, replacing Matt Davies who is leaving to head supermarket Tesco PLC's... More...>>
03/23/20159:00AMDJNCityFibre Expects More Business; FirstGroup Extends Rail Contract
Dow Jones smallcap news is on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/SmallCapsUK CITYFIBRE INFRASTRUCTURE HOLDINGS PLC (CFHL.LN), the fiber network provider, said it expects to win more business with EE's rival mobile telecommunications groups if EE's proposed takeover... More...>>
03/23/20154:08AMALNCAfren Reports Concerns About Individual To Bondholders, UK's SFO
LONDON (Alliance News) - Afren PLC Monday said it has reported concerns raised about an "individual" it hired in 2012 to its bondholder committee and to the UK's Serious Fraud Office. The struggling company, which Monday dropped out of the FTSE 250 after its shares collapsed in the wake of issues with management payments... More...>>
03/16/201512:10PMTMFAfren Plc Is Still Horribly Overvalued
http://www.fool.co.uk/investing/2015/03/16/afren-plc-is-still-horribly-overvalued/ More...>>
03/16/20157:41AMALNCIN THE KNOW: JP Morgan Slashes Afren Price Target Amid Financing Deal
LONDON (Alliance News) - JP Morgan has slashed its price target on Afren to 4.0 pence from 33.0p, after the struggling oil company said Friday that it has reached an agreement on a new financing deal. Afren, which is due to be relegated from the FTSE 250 next Monday, is the biggest midcap faller, down 19% to 3.79 pence... More...>>
03/13/20153:49AMALNCAfren Agrees Financing Deals, Warns Of Impairments, Budget Cuts (ALLISS)
LONDON (Alliance News) - Afren PLC Friday said it has reached an agreement in principle to address its short- and longer-term funding needs and recapitalise its capital structure, but also warned it will be making significant impairments in 2014 followed by significant budget cuts in 2015. The oil company said it has entered... More...>>
03/06/20151:21AMALNCPRESS: Afren Looks To China For Salvation - FT
LONDON (Alliance News) - Troubled oil and gas company Afren PLC is looking to China to bring in "substantial" new capital, in the form of new equity, the Financial Times reported on Thursday. The Africa-focused company has been going through tough times, faced with the dip in commodity prices as well as its own management... More...>>
03/04/201512:47PMALNCHikma Pharma Replaces Tullow Oil In FTSE 100; AA, Virgin Money Join FTSE 250
LONDON (Alliance News) - FTSE has confirmed that the following changes will take effect to its UK indices from the market open on Monday, March 23, following completion of its quarterly review. ------- FTSE 100 Adds: Hikma Pharma ------- FTSE 100 Deletes: Tullow Oil ------- FTSE 250 Adds: AA Virgin Money Imagination Technologies... More...>>

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