Shareholders would probably be interested to learn that insiders own shares in Seplat Petroleum Development Company Plc. This risk is higher in a company without a history of growth. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. Alex de Minaur has been beaten by qualifier Aslan Karatsev in the Madrid Open.19 went down 6-3 4-6 6-4 to the Russian, who is ranked 101 places below him, but is a former top-20 player. Seplat Energys $318m cash generation, huge capital investment drive shareholders fortune Seplat Petroleum Development Company Plc, held its hybrid There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. When such a trade goes wrong, multiple parties may compete to sell stock fast. The general public, with a 28% stake in the company, will not easily be ignored. Seplat Energy's stock was trading at GBX 105 at the start of the year. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. More cases of child neglect in South Australia have emerged a week after an extremely rare string of manslaughter charges were laid.Two women have been bailed to appear in an Adelaide court in June over the alleged criminal neglect of three children. Payout ratios above 75% are not desirable because they may not be sustainable. To understand the root cause of events at the publicly listed company, we reviewed a series of events that have led up to this point. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? Seplat went ahead to pay $509,000 to a firm that holds Orjiakos shares for consulting services during the first six months of 2022, actively violating its own March 2021 resolution to eliminate all related-party transactions. No: 1000005401 Furnish details of company ownership and shareholding structure. The company employs 528 workers across the globe. A man is due to face a court over his alleged involvement in the execution-style murder of a Sydney underworld figure.Mahmoud Ahmad was killed in a spray of bullets fired from several cars as he stood outside a friend's house in April 2022. With a 30% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Seplat Energy. Seplat Petroleum Development Company employees attributed a compensation and benefits rating of 3.7/5 stars to their company. It also benefits from a USD350 million undrawn RCF due in December 2023 and USD39 million availability under a committed USD50 million junior off-take credit facility due in 2027. Join thousands of other investors who make better investing decisions with our premium tools. Sources within the company mention that there are some aggrieved parties who may be working against the company to further their own agenda threatening to impact Seplats long-term success if they are not addressed. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. childNetworkId = '21634543682', Metro Pacific Investments Corporation is currently the largest shareholder, with 21% of shares outstanding. The company earns 62.41 million in net income (profit) each year or GBX 0.09 on an earnings per share basis. Metro Pacific Investments Corporation is currently the largest shareholder, with 21% of shares outstanding. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Strengthened Liquidity: Seplat had USD220 million of unrestricted cash at 30 September 2021. Seplat Petroleum Development is not owned by hedge funds. Brisbane will be without veterans Dayne Zorko and Daniel Rich for their huge clash with Carlton, while Port Adelaide midfielder Xavier Duursma has been sidelined for up to 10 weeks with a knee injury.The Lions' big win over Fremantle came at a cost with Zorko straining his hamstring and Rich suffering a calf strain, with the pair sidelined for three weeks through injury. Dilution of Shares: Shareholders have not been meaningfully diluted in the past year. But he expressed confidence that the company would do better going forward for many reasons, one of which is Seplat being listed on the London Stock Exchange and its activities will be scrutinized publicly, unlike on the Nigerian Exchange where companies may get away with unethical practices. WebWhat is the ownership structure of SEPL? The company also reported a pre-tax profit of $86.1 million representing a 3.2% jump over the same period in 2022. Export data to Excel for your own analysis. The Securities and Exchange Commission, SECis a Government Agency Mandated to Regulate and Develop the Nigerian Capital Market, SEC Towers, Get short term trading ideas from the MarketBeat Idea Engine. View the best growth stocks for 2023 here. Private companies may also have a strategic interest in the company. To get a sense of who is truly in control of Seplat Energy Plc (LON:SEPL), it is important to understand the ownership structure of the business. As you can see, institutional investors have a fair amount of stake in Seplat Petroleum Development. It was reported that by mid-morning on February 25 after Seplats announcement of the sale and purchase agreement with MPNU, Seplats share price rose from 93 pence to 105.5 pence ($1.24 to $1.41) on the London Stock Exchange. They participate in particular in security, ergonomics and the choice of language of the website. It might be worth looking deeper into this. Lagos State, Kano By continuing your browsing on this website, you agree to the use of cookies in order to optimize the functionality of the maureletprom.fr website through the production of anonymous and statistical data. Seplat Energy's mailing address is 25A Lugard Avenue, Ikoyi, LAGOS, 101222, Nigeria. Management ultimately answers to the board. By March 8, 2023, had his work permit, visa, and residence permit revoked by the Nigerian Ministry of Interior. This represents a yield of 2.36%. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. SEPLAT was formed in June 2009 through the partnership of Shebah Petroleum Development Company Limited and Platform Petroleum Joint Ventures Limited to specifically pursue upstream oil and gas opportunities in Nigeria, and in particular divestment opportunities arising out of the incumbent Major IOC's portfolios. Copyright 2023 Surperformance. contact@marketbeat.com Many look for medium term catalysts that will drive the share price higher. All rights reserved. Shareholders were divided between looking for an exit strategy and staying on course until the company receives government approval for the MPNU acquisition. WebThe combined oil production of Seplat and Eland (as separate entities) in 2019 stood at 32,898 bopd and as per independent reserve assessments at 1 January 2020 the acquisition has increased Seplats 2P reserves and 2C resources base by 9.6% to 615 MMboe. Ian Healy says England are at risk of overthinking the Ashes series if they push for shortened boundaries against Australia in a bid to suit the hosts' new-found attacking approach to Test cricket.A UK newspaper reported England officials had hoped to utilise smaller grounds this winter, with boundary ropes brought in well off the fence. Our model gets smarter over time as more people share salaries on Glassdoor. WebSEPLAT Energy PLC (SEPL) institutional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size. What Seplat is buying from Mobil. Read what they think about their salaries on our Compensation FAQ page for Seplat Petroleum Development Company. WebOver the last few years, Seplat Energy has successfully grown its business and created significant shareholder value despite the challenges confronting us in our operating environment. Please log in to your account or sign up in order to add this asset to your watchlist. The ex-dividend date is Wednesday, May 17th. They are always enabled. Get daily stock ideas from top-performing Wall Street analysts. } A look at the shareholders of Seplat Petroleum Development Company Plc (LON:SEPL) can tell us which group is most powerful. We can report that insiders do own shares in Seplat Energy Plc. In their own names, insiders own UK17m worth of stock in the UK584m company. This shows at least some alignment. You can click here to see if those insiders have been buying or selling. But just like anyone else, they could be wrong. Our goal is to create a safe and engaging place for users to connect over interests and passions. Cookies to allow a better understanding of the use and performance of our website, to produce statistics, and to improve your browsing experience. In-depth profiles and analysis for 20,000 public companies. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. } The Ministry had said that Mr Brown was in possession of a Combined Expatriate Residence Permit and Aliens Card (CERPAC) that was not based on a validly issued Expatriate Quota approved by the Ministry of Interior resulting in the violation of relevant Immigration Laws and Regulations. The companys share price in the last year is down 7% and 19.1% respectively on the NGX and the London Stock Exchange respectively. Seplat Energy (LON:SEPL) has a market capitalization of 620.22 million and generates 951.80 million in revenue each year. Institutional investors commonly compare their own returns to the returns of a commonly followed index. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Seplat Energy Plc (ex Seplat Petroleum Development Company Plc) specializes in exploring and producing oil and natural gas. Seplat Petroleum Development Company Is this your company? Port Harcourt Alternatively, email editorial-team@simplywallst.com. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Learn how it impacts everything we do. In its February 25, 2022 acquisition note, Seplat highlighted MPNU assets as a 40% operating ownership of 300 producing wells in 4 oil mining leases (OMLs 67, 68, 70, 104) and associated infrastructure, with NNPC being the 60% partner, the Qua Iboe Terminal, a 51% interest in Bonny River Terminal and Natural Gas Liquids Recovery Plants at EAP and Oso, 409 MMBBL of 2P liquid reserves, and 211 Bscf of 2P gas reserves, with the undeveloped gas potential of 2,910 Bscf. Simply Wall St has no position in any stocks mentioned. WebCompany profile for SEPLAT Energy PLC including key executives, insider trading, ownership, revenue and average growth rates. WebSEPLAT EAST ONSHORE LIMITED TENDER OPPORTUNITY: PROVISION OF PRODUCTION CHEMICALS (OML 53 JISIKE & OHAJI ONSHORE FIELDS) NipeX Tender Ref. The Commission notes that the Board has remained united and that the reported events have not affected the fundamentals of Seplat. You can click here to see if those insiders have been buying or selling. Comfortable Liquidity: Seplat had USD324 million of unrestricted cash at 31 December 2021. For us, this is a definitive measure of our success and reflects our strong In other words, these shareholders have a meaningful say in the decisions of the company. A 30-year-old man is under police guard in hospital accused of stabbing a senior-constable who had been investigating reports of a disturbance.The incident unfolded on the street outside an address at Rothwell, north of Brisbane, just before 9. Those businesses were connected to both Orjiako and Avurus family members. 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Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. This article examines the events that have caused internal crises and legal battles at Seplat, a Nigerian oil and gas company, and discusses the resulting effects on its operations and reputation. 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As of March 2021, Seplats board led by Orjiako, announced that the company would eliminate all related-party transactions. Taking a look at our data on the ownership groups (below), it seems that institutional investors have bought into the company. One share of SEPL stock can currently be purchased for approximately GBX 105.40. .uniq_1764707858073873 { It also benefited from a USD350 Based on aggregate information from My MarketBeat watchlists, some companies that other Seplat Energy investors own include Alphabet (GOOG), Brookdale Senior Living (BKD), CenterPoint Energy (CNP), American Cannabis (AMMJ), Novus Therapeutics (NVUS), NextEra Energy (NEE), GSK (GSK), AFR.L (AFR), Cellectis (CLLS) and N Brown Group (BWNG). You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. If you are like me, you may want to think about whether this company will grow or shrink. Fiji's former-attorney general Aiyaz Sayed-Khaiyum, who is also general secretary of the Pacific island nation's main opposition party Fiji First, has been taken into custody after being charged with abuse of office, local media reports.The criminal charge was approved on Monday by the Office of the Director of Public Prosecution and relates to a complaint by an election official, FBC News reported. A look at the shareholders of Seplat Petroleum Development Company Plc ( LON:SEPL) can tell us which group is most powerful. Sources within Seplat told Nairametrics that the series of controversies at Seplat began in February 2022, when the company struck a deal worth as much as $1.6 billion to acquire the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from US supermajor ExxonMobil. Overview 50 Reviews 1 Jobs 25 Salaries 9 Interviews 22 Benefits 4 Photos 17 Diversity Follow + Add a Salary What are your colleagues talking about? Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}0. Seplat Energy Plc was incorporated in 2009 and is headquartered in Lagos, Nigeria. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Seplat has over N309 billion of debt inclusive of cash of N112 billion as of its 2021 third quarter results. Sign up here. Seplat Energy Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. Kano But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Seplat Energy also announced that the Lagos Federal High Court has vacated the ex parte interim orders against Seplat, its Chief Executive Officer, and its Board Chairman. At first observation, the ownership skirmishes at Seplat closely resemble the case of the two Hebrew women who approached the judgement throne of King Solomon, I find it very interesting to look at who exactly owns a company. Aston Villa CEO, Christian Purslow believes the Premier League should be investigating to determine the ownership structure of Newcastle United. You can see Seplat Petroleum Development's historic earnings and revenue below, but keep in mind there's always more to the story. Luckily, you can check this free report showing analyst forecasts for its future. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. It seems that Private Companies own 33%, of the Seplat Petroleum Development stock. Meanwhile, ABC Orjiako responded by denying any wrongdoing in the letter he initiated to the Federal Government to facilitate the consummation of the lingering $1.3 million MPNU deal, saying he acted within the scope of his mandate for the benefit of the company. At that time, the Chief Executive Officer, Gbenga Komolafe stated that based on the Petroleum Industry Act (PIA) of 2021, the NUPRC is the sole regulator in dealing with such matters in the Nigerian upstream sector. How often does Seplat Energy pay dividends? Shareholders of Seplat Petroleum Development Company Plc have expressed optimism that the new chief executive officer(CEO) of the company, Mr. Roger When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. The investors who had purchased shares after the initial deal was struck and were worried about the flip-flopping of the Nigerian government. Seplat is a small oil and gas 27 Apr 2023 21:46:07 By February 13, 2023, Seplat suspended the consultancy agreement with its former Chairman, ABC Orjiako through Amaze Limited. Find your private company bowl on Fishbowl, join the hottest conversation with your colleagues anonymously. In March 2023, the company decided to terminate the contract due to repeated corporate governance breaches of a material nature, such as unilaterally making significant commitments on behalf of Seplat and using the companys letterhead to communicate said commitments without prior approval by the Board. Seplat Energy Offshore Limited, a wholly owned Nigerian subsidiary of Seplat Energy Plc, has entered into a Sale and Purchase Agreement to acquire the entire share capital of MPNU for a purchase price of $1,283 million plus up to $300 million contingent consideration, subject to lockbox, working capital and other adjustments at Exposure to Nigerian Banks Reduced: As a general policy, the company usually retains around 70% of its total cash in US dollars and around 70% of the US dollar cash is held offshore. The community relies on everyone sharing. this free report showing whether analysts are predicting a brighter future, New lower I bond rate comes with 'a pleasant surprise', Lordstown warns it may fail as investor Foxconn gets jumpy, Fed says new refinements of trading process are coming, Investors continue to think that the Fed will bail us out of every situation, strategist says, UPDATE 1-Fed says new refinements of trading process are coming. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. On Tuesday, April 25, Seplat Energy Plc which is listed on both the Nigerian Exchange Limited and the London Stock Exchange, announced a Boardroom succession plan that will help the company move on from recent challenges and strengthen corporate governance. Additionally, the company's CEO Roger Brown directly holds 0.6% of the total shares outstanding. A 40% operating ownership of four oil mining leases (OMLs 67, 68, 70, 104) and associated infrastructure (NNPC is the 60% partner) The Qua Iboe Terminal, one of Nigerias largest export facilities The official announcement can be viewed at this link. It operates a seven oil and gas During the period highlighted, Seplat paid $410 million to companies associated with Orjiako and $299 million to companies associated with Avuru, according to the companys annual reports. max-width: 850px; Seplat Energy announced a dividend on Thursday, April 27th. Have feedback on this article? Post was not sent - check your email addresses! Sorry, your blog cannot share posts by email. Seplat Petroleum Development Company (SEPLAT) is a Nigerian independent oil and gas company listed on both the London and Nigerian Stock Exchanges with a strategic focus in the Niger Delta of Nigeria. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. PT Pertamina (Persero) is currently the company's largest shareholder with 21% of shares outstanding. Includes shallow-water affiliate; ExxonMobil to retain deepwater assets. Liquidity and Debt Structure. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. Following the request, the State High Court issued an ex-parte order of interim injunction, which prohibited the defendants from finalizing any divestment in MPNU, including the sale and purchase agreement (SPA) signed with Seplat Energy Offshore Limited, while the case was pending before the court. We can see that Seplat Energy does have institutional investors; and they hold a good portion of the company's stock. Supporting documents of capital market transactions that have been approved by SEC Nigeria, International Organisations of Securities Commissions, West Africa Securities Regulators Association, Description of Directorates and Departments, Organisations and Individuals Registered By SEC, Request for an intepretation of a law, rule, code or guideline, Code of Conduct for Shareholders Associations, Guidance on the implementation of sections 60-63 of ISA 2007, SEC Guidelines on Sustainable Financial Principles for the Capital Market, Administrative Proceedings Committee Matters, Check if a company or person is registered to do investment business in Nigeria, Check if you have some unclaimed dividends, Registration as a Capital Market Operator, Minimum capital requirements for Capital Market Operators, Specific Application Guidelines for Capital Market Operator Function, Nature of Application requirements, fees and implementation time-frame, Registration of Capital Market Securities/Products, Registration of IPOs (CIS, REIT, ETF), PE/VC, Infrastructure and Specialized Funds, Reporting Template On Sustainable Financial Principles For The Nigerian Capital Market, Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Returns, Current Value (Position) of Foreign Investment Managed on Behalf of Nigerian Residents (USD)), Foreign Transactions on Behalf of Nigerian Residents, Domestic Transactions on Behalf of Non-Resident Investors, Ownership Structure of Nigerian Companies, Requirements for Filing of Returns by Capital Market Operators, Regulatory Returns Filing Calendar For Public Companies, List of Registered Shareholders Associations, Weekly Net Asset Value Data for Collective Investment Schemes, Monthly Net Asset Value Data For Collective Investment Schemes, Monthly Net Asset Value(NAV) Of Exchange Traded Funds(ETFS), Quarterly Update on Private Equity and Infrastructure Funds, Nigerian Commodities Trading Ecosystem Bulletin, Notice of Acceptance of Applications for the Regulatory Incubation (RI) Program, Blacklisting Of Six (6) Unregulated Online Trading Platforms, The Supreme Court affirms the jurisdiction of the Investments and Securities Tribunal over capital market disputes, Investors Alert Blacklisting Of Five (5) Italian E-Commerce Websites, Public Statement On Recent Reports On Seplat Energy PLC, Notification for 2023 First CMC Webinar Meeting. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Donald Trump has requested a mistrial in a civil case where the writer E Jean Carroll is accusing him of rape and defamation, saying the judge made several "unfair and prejudicial" rulings against him.In an 18-page letter filed early Monday in Manhattan federal court, Trump's lawyer Joe Tacopina accused US District Judge Lewis Kaplan of being biased against the former US president, including in the jury's presence. Access advanced stock screeners, portfolio monitoring tools, proprietary research reports, and more. In their own names, insiders own UK8.1m worth of stock in the UK297m company. adunit = 'nairametrics.com_336x336_responsive_DFP', In September 2022, Bloomberg reported that Seplat Energy spent over $450 million on goods and services provided by companies linked to its two founders between 2010 and 2021. Off Adeola Odeku Street, Victoria Island Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. Join A Paid User Research SessionYoull receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. NNPCL requested a declaration that a dispute had arisen between itself and MPNU regarding the interpretation of pre-emption rights under their Joint Operating Agreement (JOA) and asked the court to order NNPC and MPNU to engage in arbitration as required by the JOA. Maurel & Prom is an oil and gas exploration and production company listed on the regulated market of Euronext Paris.With a history of almost two centuries, Maurel & Prom has, both at its headquarters in Paris and in its subsidiaries, a solid technical expertise and a long operational experience, especially in Africa. At first observation, the ownership skirmishes at Seplat closely resemble the case of the two Hebrew women who approached the judgement throne of King Solomon, disputing ownership of a baby. The Securities and Exchange Commission, Nigeria Public Statement On Recent Reports On Seplat Energy PLC 29/03/2023 The Commissions attention has been drawn to the recent reports in the media regarding Seplat Energy Plc (Seplat), a public company listed on the Nigerian Exchange Limited (NGX) and the London Stock Let's delve deeper into each type of owner, to discover more about Seplat Petroleum Development. Public companies currently own 21% of Seplat Petroleum Development stock. The company can be reached via phone at +234-1-2770400. Concerned about the content? Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company, has announced a new shareholder with over Seplat reveals new Get in touch with us directly.