Afren

Oil company Afren could also be facing a bid battle, as billionaire Chinese tycoon Guo Guangchang, whose Fosun conglomerate recently bought Club Med, is backing a cash bid to prise the former FTSE 250 company away from its fund management owners, the Sunday Times revealed. Guo and Afren's co-founder Bert Cooper have put together a $500m (£325m) bid but is thought likely to be pipped by a rival bid from the oil company’s bondholders, US-based Pimco and London fund manager Ashmore, who have tabled a $300m deal.

uk.advfn.com/p.php?pid=chartscreenshotsh...Q4%3D&symbol=L%5EASC

uk.advfn.com/p.php?pid=chartscreenshotsh...iM%3D&symbol=L%5EASC

Watch the 20 day ema and the rsi, retesting the breakout atm...
A fall below this could send this tumbling quickly imho...
watch carefully, and good luck, i think this will have a nice move move up, high risk though...

Regards,
Trendfriend.

I again shorted Afren (AFR this morning - this time at 9.25p. My reason is that there is still no rescue bid where time is running out: this company will be in its loan creditors’ hands come Friday. The price might settle at 1p.
www.spreadbetmagazine.com/blog/the-evil-...nting-for-taste.html

I'm Long again as well Paitech, @ just over 9p

Bought afr sub 9p today

fwiw ..... 19-Feb-15 Westhouse Securities Sell 90.00 2.00 Downgrade
came out out shortly before today's close