Details for AFREN (AFR) / Market data / Selftrade

AFREN

(AFR GB00B0672758 GBX)

Value 91.45

Change Today +0.20

Updated30/07 16:35

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PROFILE

Registered Number	05304498
Registered Address	Kinnaird House 1 Pall Mall East London SW1Y 5AU
Phone Number	+44 (0) 207 4519700
Fax Number
Website	http://www.afren.com
Activities	Provides oil and gas exploration development and production services
Country of Register	GB
Currency	GBX
Short Name	AFREN
First Day Traded	13/03/2007
Industrial Sector	Oil & Gas Production
Number of shares	889m

Key People

Egbert Imomoh	Chairman
Osman Shahenshah	Chief Executive Officer
Shahid Ullah	Director
Constantine Ogunbiyi	Director

Major Shareholders

Standard Life Investments Ltd.	9.06%
AXA Investment Managers UK Ltd.	6.25%

Director Deals

Director	Date	Buy/Sell	Quantity	Price
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Income Statements £1K

	AR 2005	AR 2006	AR 2007	AR 2008	AR 2009
Fiscal Year End	31/12/2005	31/12/2006	31/12/2007	31/12/2008	31/12/2009
Duration (months)	12	12	12	12	12
Accounting Format	IFRS	IFRS	IFRS	IFRS	IFRS
Sales/Revenue	0	0	0	23,073	213,913
Cost of Goods Sold (COGS) incl. D&A	40	177	485	38,534	146,531
COGS excluding D&A	0	0	0	21,990	47,935
Depreciation & Amortization Expense	40	177	485	16,543	98,595
Depreciation	40	177	485	16,543	98,595
Amortization of Intangibles	0	0	0	0	0
Amortization of Deferred Charges	0	0	0	0	0
Gross Income	-40	-177	-485	-15,461	67,382
Selling, General & Administrative Expense	3,645	6,585	8,531	17,639	17,336
Research & Development	0	0	0	0	0
Other Selling, General & Administrative	3,645	6,585	8,531	17,639	17,336
Other Operating Expense	0	0	5,995	0	0
Non Operating Income/Expense	332	991	-131	-12,099	-9,371
Non-Operating Interest Income	0	0	1,253	2,870	399
Equity in Affiliates (Pretax)	0	0	0	0	-813
EBIT	-3,685	-6,762	-15,011	-33,099	50,046
Unusual Expense	1,202	0	2,980	-22,139	24,023
EBIT after Unusual Expense	-4,887	-6,762	-17,991	-10,960	26,024
Interest Expense	0	2,692	2,576	10,236	15,930
Gross Interest Expense	0	2,692	8,090	19,424	17,050
Interest Capitalized	0	0	5,514	9,188	1,120
Pretax Income	-4,555	-8,463	-19,445	-30,426	308
Income Tax	0	0	0	282	10,995
Income Tax - Current Domestic	0	0	0	0	0
Income Tax - Current Foreign	0	0	0	282	3,058
Income Tax - Deferred Domestic	0	0	0	0	0
Income Tax - Deferred Foreign	0	0	0	0	7,937
Income Tax Credits	0	0	0	0	0
Minority Interest Expense	0	0	0	0	0
Equity in Affiliates	0	0	0	0	0
Other After Tax Income (Expense)	0	0	0	0	0
Net Income	-4,555	-8,463	-19,445	-30,708	-10,687
Extraordinaries & Discontinued Operations	0	0	0	0	0
Extra Items & Gain/Loss Sale Of Assets	0	0	0	0	0
Cumulative Effect - Accounting Chg	0	0	0	0	0
Discontinued Operations	0	0	0	0	0
Net Income After Extraordinaries	-4,555	-8,463	-19,445	-30,708	-10,687
Preferred Dividends	0	0	0	0	0
Net Income available to Common	-4,555	-8,463	-19,445	-30,708	-10,687
Operational EPS	-2.91	-4.45	-7.33	-12.38	0.96
EPS (basic)	-3.60	-4.40	-8.22	-8.20	-1.66
EPS (diluted)	-3.57	-4.45	-8.21	-8.22	-1.68
EBITDA	-3,645	-6,585	-14,526	-16,556	148,642
EBIT	-3,685	-6,762	-15,011	-33,099	50,046
+Depreciation & Amortization Expense	40	177	485	16,543	98,595

Balance Sheet £1K

	AR 2005	AR 2006	AR 2007	AR 2008	AR 2009
Fiscal Year End	31/12/2005	31/12/2006	31/12/2007	31/12/2008	31/12/2009
Duration (months)	12	12	12	12	12
Accounting Format	IFRS	IFRS	IFRS	IFRS	IFRS
Cash & Short Term Investments	17,165	18,206	46,259	100,613	201,773
Cash Only	17,165	18,206	46,259	80,638	198,972
Short-Term Investments	0	0	0	19,975	2,801
Total Accounts Receivable	2,470	2,208	3,161	15,126	9,578
Accounts Receivables, Net	0	0	0	14,201	8,948
Accounts Receivables, Gross	0	0	0	0	0
Bad Debt/Doubtful Accounts	0	0	0	0	0
Other Receivables	0	0	0	925	630
Inventories	0	1,577	1,557	9,094	21,404
Finished Goods	0	0	0	0	0
Work in Progress	0	0	0	0	0
Raw Materials	0	1,577	1,557	9,094	21,404
Progress Payments & Other	0	0	0	0	0
Other Current Assets	97	467	3,202	23,254	24,861
Prepaid Expenses	0	0	3,202	0	0
Miscellaneous Current Assets	97	467	0	23,254	24,861
Total Current Assets	19,732	22,458	54,179	148,087	257,616
Net Property, Plant & Equipment	440	667	71,805	367,255	305,704
Property, Plant & Equipment - Gross	480	884	72,525	393,245	424,762
Buildings	0	0	0	0	0
Land & Improvements	0	0	0	0	0
Machinery & Equipment	0	0	0	0	0
Construction in Progress	0	0	0	0	0
Leases	0	0	0	0	0
Computer Software and Equipment	38	198	661	2,727	3,811
Leased Property	0	0	0	0	0
Transportation Equipment	0	0	0	0	0
Other Property, Plant & Equipment	442	686	72,192	391,377	422,402
Accumulated Depreciation	40	217	720	25,991	119,058
Buildings	0	0	0	0	0
Land & Improvements	0	0	0	0	0
Machinery & Equipment	0	0	0	0	0
Construction in Progress	0	0	0	0	0
Leases	0	0	0	0	0
Computer Software and Equipment	4	39	133	525	1,111
Leased Property	0	0	0	0	0
Transportation Equipment	0	0	0	0	0
Other Property, Plant & Equipment	36	178	587	25,466	117,947
Total Investments and Advances	0	625	743	14,087	1,707
LT Investment - Affiliate Companies	0	0	0	0	374
Other Long-Term Investments	0	625	743	14,087	1,333
Long-Term Note Receivable	0	0	0	0	0
Intangible Assets	9,348	44,876	25,027	101,934	114,042
Net Goodwill	0	0	0	0	0
Net Other Intangibles	9,348	44,876	25,027	101,934	114,042
Other Assets	0	0	0	0	2,095
Deferred Charges	0	0	0	0	2,095
Tangible Other Assets	0	0	0	0	0
Total Assets	29,520	68,626	151,755	631,363	681,164
ST Debt & Curr. Portion LT Debt	0	0	0	76,184	72,845
Short Term Debt	0	0	0	0	0
Current Portion of Long Term Debt	0	0	0	76,184	72,845
Accounts Payable	64	2,615	5,534	48,366	11,699
Income Tax Payable	0	361	91	199	31
Other Current Liabilities	1,246	5,164	14,544	51,276	74,952
Dividends Payable	0	0	0	0	0
Accrued Payroll	0	0	0	0	0
Miscellaneous Current Liabilities	1,246	5,164	14,544	51,276	74,952
Total Current Liabilities	1,310	8,140	20,170	176,027	159,527
Long-Term Debt	0	32,943	73,932	206,134	95,435
Long-Term Debt excl. Capitalized Leases	0	32,943	73,932	206,134	95,435
Non-Convertible Debt	0	0	39,052	201,353	92,544
Convertible Debt	0	32,943	34,880	4,781	2,891
Capitalized Lease Obligations	0	0	0	0	0
Provision for Risks & Charges	0	0	0	13,889	13,522
Deferred Taxes	0	0	0	0	7,716
Deferred Taxes - Credit	0	0	0	0	7,716
Deferred Taxes - Debit	0	0	0	0	0
Accumulated Minority Interest	0	0	0	0	0
Other Liabilities	0	0	2,306	0	235
Deferred Tax Liability-Untaxed Reserves	0	0	0	0	0
Other Liabilities (excl. Deferred Income)	0	0	2,306	0	235
Deferred Income	0	0	0	0	0
Total Liabilities	1,310	41,083	96,408	396,050	276,434
Non-Equity Reserves	0	0	0	0	0
Preferred Stock (Carrying Value)	0	0	0	0	0
Redeemable Preferred Stock	0	0	0	0	0
Non-Redeemable Preferred Stock	0	0	0	0	0
Preferred Stock issues for ESOP	0	0	0	0	0
ESOP Guarantees - Preferred Stock	0	0	0	0	0
Common Equity (total)	28,210	27,543	55,347	235,313	404,729
Common Stock Par/Carry Value	1,890	1,915	2,704	6,032	9,723
Additional Paid-In Capital/Capital Surplus	29,465	29,741	73,707	306,166	467,638
Retained Earnings	-4,555	-12,296	-29,568	-84,552	-80,437
ESOP Debt Guarantee	0	0	0	0	0
Cumulative Translation Adjustment/Unrealized For. Exch. Gain	0	0	0	-569	-515
Unrealized Gain/Loss Marketable Securities	0	0	0	0	0
Revaluation Reserves	0	0	0	0	0
Other Appropriated Reserves	1,410	8,183	8,503	8,236	8,320
Unappropriated Reserves	0	0	0	0	0
Treasury Stock	0	0	0	0	0
Total Shareholders' Equity	28,210	27,543	55,347	235,313	404,729
Liabilities & Shareholders' Equity	29,520	68,626	151,755	631,363	681,164

Cash Flow £1K

	AR 2005	AR 2006	AR 2007	AR 2008	AR 2009
Fiscal Year End	31/12/2005	31/12/2006	31/12/2007	31/12/2008	31/12/2009
Duration (months)	12	12	12	12	12
Accounting Format	IFRS	IFRS	IFRS	IFRS	IFRS
Net Income before Extraordinaries	-4,887	-6,762	-17,991	-24,158	29,168
Depreciation, Depletion & Amortization	40	177	485	16,543	98,595
Depreciation and Depletion	40	177	485	16,543	98,595
Amortization of Intangible Assets	0	0	0	0	0
Deferred Taxes & Investment Tax Credit	0	0	0	0	0
Deferred Taxes	0	0	0	0	0
Investment Tax Credit	0	0	0	0	0
Other Funds	2,438	2,119	7,736	-8,348	19,505
Funds from Operations	-2,409	-4,466	-9,770	-15,963	147,268
Extraordinaries	0	0	0	0	0
Changes in Working Capital	-1,743	-181	2,852	-4,527	13,264
Receivables	-2,567	-208	-2,135	-16,697	340
Inventories	0	0	0	0	-7,381
Accounts Payable	824	41	5,072	12,496	20,231
Income Taxes Payable	0	0	0	0	0
Other Accruals	0	0	0	0	0
Other Assets/Liabilities	0	-14	-85	-326	75
Net Operating Cash Flow	-4,152	-4,647	-6,918	-20,490	160,532
Capital Expenditures	9,983	32,297	44,236	158,417	122,267
Capital Expenditures (Fixed Assets)	480	404	32,015	124,543	64,705
Capital Expenditures (Other Assets)	9,503	31,893	12,222	33,874	57,562
Net Assets from Acquisitions	0	0	0	-91,610	-3,948
Sale of Fixed Assets & Businesses	0	0	0	0	0
Purchase/Sale of Investments	0	-500	0	-815	-1,156
Purchase of Investments	0	-500	0	-815	-1,156
Sale/Maturity of Investments	0	0	0	0	0
Other Uses	0	-1,577	0	-1,471	-6,179
Other Sources	0	0	0	0	0
Net Investing Cash Flow	-9,983	-34,374	-44,236	-252,313	-133,550
Cash Dividends Paid - Total	0	0	0	0	0
Common Dividends	0	0	0	0	0
Preferred Dividends	0	0	0	0	0
Change in Capital Stock	31,154	301	40,547	125,215	199,208
Repurchase of Common & Preferred Stk.	0	0	0	0	0
Sale of Common & Preferred Stock	31,154	301	40,547	125,215	199,208
Proceeds from Stock Options	31,154	301	40,547	125,215	199,208
Other Proceeds from Sale of Stock	0	0	0	0	0
Issuance/Reduction of Debt, Net	0	40,271	38,184	169,672	-94,559
Change in Current Debt	0	0	0	0	0
Change in Long-Term Debt	0	40,271	38,184	169,672	-94,559
Issuance of Long-Term Debt	0	41,250	41,839	196,795	0
Reduction in Long-Term Debt	0	-979	-3,655	-27,123	-94,559
Other Funds	0	0	0	0	0
Other Uses	0	0	0	0	0
Other Sources	0	0	0	0	0
Net Financing Cash Flow	31,154	40,572	78,731	294,888	104,649
Exchange Rate Effect	96	-510	376	-8,004	-1,944
Miscellaneous Funds	0	0	-0	0	-0
Net Change in Cash	17,115	1,041	27,951	14,080	129,687
Free Cash Flow	-4,632	-5,051	-38,933	-145,034	95,827

Analysis Data

Valuation
	2005	2006	2007	2008	2009
Fiscal Year End	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31
Market Capitalisation	88,849	109,178	287,339	118,453	755,706
Price/Earnings	0.00	0.00	0.00	0.00	0.00
Price/Sales	0	0	0	4,288	2,532
Price/Book Value	3,150	3,964	5,192	503	1,867
Price/Cash Flow	0	0	0	0	3,375
Enterprise Value/EBIT	0	0	0	0	31,299
Enterprise Value/EBITDA	0	0	0	0	4,426
Enterprise Value/Sales	0	0	0	12,164	2,376
Total Debt/Enterprise Value	0	267	267	1,006	331
Total Debt/EBITDA	0	0	0	0	1,465
EPS (basic)	-3.60	-4.40	-8.22	-8.20	-1.66
EPS (diluted) as stated	-3.57	-4.45	-8.21	-8.22	-1.68
Profitability
Gross Margin (%)	0.00	0.00	0.00	-67.01	31.50
Operating Margin (%)	0.00	0.00	0.00	-143.46	23.40
Pretax Margin (%)	0.00	0.00	0.00	-131.87	0.14
Net Margin (%)	0.00	0.00	0.00	-133.09	-5.00
Return on Assets (%)	0.00	-17.25	-17.65	-7.84	-1.63
Return on Equity (%)	0.00	-30.36	-46.92	-21.13	-3.34
Return on Avg. Total Capital (%)	0.00	-19.08	-20.49	-9.49	-1.96
Return on Avg. Invested Capital (%)	0.00	-19.08	-20.49	-10.76	-2.27
Efficiency
Revenue/Employee	0	0	0	251	1,244
Receivables Turnover	0.00	0.00	0.00	2.52	17.32
Days of Sales Outstanding (DSO) (%)	0.00	0.00	0.00	144.65	21.08
Inventory Turnover	0.00	0.22	0.31	7.24	9.61
Days of Inventory on Hand (DIO)	0.00	1626.00	1180.32	50.45	37.98
Total Asset Turnover	0.00	0.00	0.00	0.06	0.33
Working Capital Turnover	0.00	0.00	0.00	0.00	2.18
Liquidity
Current Ratio	15.06	2.76	2.69	0.84	1.61
Quick Ratio	15.06	2.57	2.61	0.79	1.48
Capital Structure
Debt-to-Total Equity (%)	0.00	119.61	133.58	119.98	41.58
Debt-to-Total Capital (%)	0.00	54.46	57.19	54.54	29.37
Debt-to-Total Assets (%)	0.00	48.00	48.72	44.72	24.70
Interest Coverage	0.00	-2.14	-2.09	-1.04	0.95

Market data

Name	Latest	Var
FTSE 100	5,258.02	-1.05%
FTSE 250	9,948.72	-1.25%
DOW INDUSTRIAL	10,465.94	-0.01%
HONG KONG HANG	21,029.81	-0.30%
Nikkei 225	9,537.30	-1.64%

Name	Latest	Var
UTD. UTILITIES	585.00	+4.37%
SEVERN TRENT	1,310.00	+2.34%
BR.AIRWAYS	219.60	+1.67%
RANDGOLD RES.	5,730.00	+1.15%
BG GRP.	1,021.50	+0.84%

Name	Latest	Var
LEGAL&GEN.	89.55	-2.77%
MAN GROUP	217.30	-2.73%
THOMAS COOK	181.80	-2.68%
SEGRO	280.00	-2.51%
BAE SYS.	312.40	-2.41%

Buys
BP
CONNAUGHT
LLOYDS GRP.
GLAXOSMITHKLINE
ROCKHOPPER
LLOYDS GRP.
BARCLAYS
ROYAL BANK SCOT
UTD. UTILITIES
BP

Selftrade is a trading name and Selftrade® a registered trademark of Talos Securities Limited, which is authorised and regulated by the Financial Services Authority (FSA Register number 208271) and is a member of the London Stock Exchange and PLUS Markets. Talos Securities Ltd is incorporated in England and Wales (Registration No. 4196325, Registered Address: Boatman's House, 2 Selsdon Way, London E14 9LA).

Data Sources: include Bondscape, Dow Jones, Factset, FTSE, Morningstar. Conditions may apply.

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AFREN

PROFILE

Key People

Major Shareholders

Director Deals

Income Statements £1K

Balance Sheet £1K

Cash Flow £1K

Analysis Data

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