seplat ownership structure

What is Seplat Energy's stock price today? The company employs 528 workers across the globe. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. Strengthened Liquidity: Seplat had USD220 million of unrestricted cash at 30 September 2021. Meanwhile, individual investors make up 30% of the companys shareholders. P.M.B:12638 Marina Plot 272, Samuel Adesujo Ademulegun Street, Central Business District , Abuja, FCT, Lagos To everyones dismay, President Buhari reversed his earlier approval by August 10, 2022, blaming his indecision on the lack of coordination among sector agencies. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. (function () { It might be worth looking deeper into this. WebWhat is the ownership structure of SEPL? The definition of an insider can differ slightly between different countries, but members of the board of directors always count. According to sources at Seplat, this singular act gave rise to a double whammy within Seplat; However, in early March 2023, the company CEO, Roger Brown had said Seplat was committed to pursuing the MPNU acquisition deal before a new president is sworn in by the end of May 2023. Seplat Energy (LON:SEPL) pays an annual dividend of GBX 8 per share and currently has a dividend yield of 8.15%. 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. Our data indicates that hedge funds own 9.0% of Seplat Energy. The Securities and Exchange Commission, SECis a Government Agency Mandated to Regulate and Develop the Nigerian Capital Market, SEC Towers, WebCurrently, Roger Thompson Brown is Chief Executive Officer & Executive Director at Seplat Energy Plc. @media (min-width: 850px) { In their own names, insiders own UK17m worth of stock in the UK584m company. This shows at least some alignment. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. The boardroom drama has led to an implosion that has seen mass retirement and resignations from key board members involved in the debacle. Seplat Energy Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Comfortable Liquidity: Seplat had USD324 million of unrestricted cash at 31 December 2021. The same can be achieved by studying analyst sentiments. 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. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. Strategic growth: Eland acquisition IRVING, Texas ExxonMobil has reached an agreement to sell its equity interest in Mobil Producing Nigeria Unlimited to Seplat Energy, a Nigerian independent oil and gas company, through its wholly-owned subsidiary Seplat Energy Offshore Limited. With a 30% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Seplat Energy. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. 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. That's interesting, because hedge funds can be quite active and activist. It seems that Private Companies own 47%, of the Seplat Energy stock. By April 2023, Nairametrics reported that the Nigerian Immigration Service dropped all charges against Seplat. This risk is higher in a company without a history of growth. Our goal is to create a safe and engaging place for users to connect over interests and passions. Those businesses were connected to both Orjiako and Avurus family members. You can see Seplat Petroleum Development's historic earnings and revenue below, but keep in mind there's always more to the story. In other words, the group stands to gain the most (or lose the most) from their investment into the company. 5b Isaiah Odolu Street, GRA phase 2 Meanwhile, the company will embark on a recruitment process to select a new Board Chairman and establish a new level of corporate governance as the company works to resolve all pending legal issues as well as its acquisition of MPNU assets. click here to see if those insiders have been buying or selling. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. childNetworkId = '21634543682', Find your private company bowl on Fishbowl, join the hottest conversation with your colleagues anonymously. The company was formerly known as Seplat Petroleum Development Company Plc and changed its name to Seplat Energy Plc in May 2021. Many look for medium term catalysts that will drive the share price higher. Kano State, Port-Harcourt 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 However, shortly after President Buharis decision, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) publicly opposed the acquisition during a widely broadcasted television interview. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.Compare Top Brokerages Here. The company earns 62.41 million in net income (profit) each year or GBX 0.09 on an earnings per share basis. SEPLAT, as an indigenous exploration and production company in Nigeria is committed to the development of the capabilities of Nigerian companies in compliance with the provisos of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010 for Nigerian Cement Development. But just like anyone else, they could be wrong. Additionally, the company's CEO Roger Brown directly holds 0.6% of the total shares outstanding. I find it very interesting to look at who exactly owns a company. Receive SEPL Stock News and Ratings via Email. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Seplat Energy's mailing address is 25A Lugard Avenue, Ikoyi, LAGOS, 101222, Nigeria. 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. What other stocks do shareholders of Seplat Energy own? Copyright 2023 Surperformance. With a 30% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Seplat Energy. Is United Airlines Playing a Game of Limbo with Its Guidance? Seplat Petroleum Development is not owned by hedge funds. These include the orders that restrained the companys CEO Roger Brown from participating in the running of the Company. Transparency is how we protect the integrity of our work and keep empowering Quite a few analysts cover the stock, so you could look into forecast growth quite easily. 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. All rights reserved. WebWhat is the ownership structure of SEPLAT? This may not be consistent with full year annual report figures. Lagos State, Kano It might be worth looking deeper into this. American Consumer News, LLC dba MarketBeat 2010-2023. click here to see if those insiders have been buying or selling. WebSeplat Petroleum Development Company Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. This article by Simply Wall St is general in nature. This represents a yield of 2.36%. It's always worth thinking about the different groups who own shares in a company. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}0. 326 E 8th St #105, Sioux Falls, SD 57103 The definition of company insiders can be subjective and does vary between jurisdictions. The S&P; 500 and the Dow edged higher as JPMorgan shares rose after the lender said it will buy most of First Republic Bank's assets, while investors refrained from making big bets ahead of the Federal Reserve's policy decision this week.JPMorgan Chase & Co's shares rose 2. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Our daily ratings and market update email newsletter. Seplat Energy (LON:SEPL) has a market capitalization of 620.22 million and generates 951.80 million in revenue each year. 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. Includes shallow-water affiliate; ExxonMobil to retain deepwater assets. 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. Should You Be Too? Shares of SEPL stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). 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. Our data reflects individual insiders, capturing board members at the very least. Join the Our research also brought to light the fact that roughly 52% of the company is controlled by the top 4 shareholders suggesting that these owners wield significant influence on the business. Shareholders of Seplat Petroleum Development Company Plc have expressed optimism that the new chief executive officer(CEO) of the company, Mr. Roger Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Who are the major shareholders and have insiders been buying or selling? You have already added five stocks to your watchlist. Seplat, a Nigerian oil and gas company listed on the Nigerian Exchange (NGX) and the London Stock Exchange, is facing internal crises and legal battles By August 8, 2022, President Buhari had given his approval for Seplat to acquire MPNUs assets, citing the numerous benefits to Nigerias economy. According to sources familiar with the matter, Seplat has also been wading into controversy over corporate governance issues. Seplat Energys $318m cash generation, huge capital investment drive shareholders fortune Seplat Petroleum Development Company Plc, held its hybrid The report said that most of the transactions occurred after Seplat was publicly listed in London and Lagos exchanges in 2014. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. 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. It's hard to say for sure but this suggests they have entwined business interests. 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. Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. 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. Meanwhile, the case has been adjourned to May 16, 2023, to continue the hearing. The ex-dividend date is Wednesday, May 17th. We aim to bring you long-term focused analysis driven by fundamental data. Cash generated from operations was also robust at $139.9 million even though it is 21.7% lower when compared to the period. Join thousands of other investors who make better investing decisions with our premium tools. In the chart below, we zoom in on the different ownership groups of Seplat Energy. With 14% and 9.0% of the shares outstanding respectively, Petrolin Group and Sustainable Capital Ltd are the second and third largest shareholders. this free report showing analyst forecasts for its future, MasterChef judge Jock Zonfrillo dies aged 46, Crocodile snatches dog in terrifying video footage, F1 world in disbelief over 'terrifying' incident at Azerbaijan Grand Prix, Chaos as millions 'suffer' during Chinese national holiday: 'Dystopian nightmare', Prince Harry to leave UK just two hours after coronation: 'In and out', JPMorgan boosts Wall St, Fed meet in focus, De Minaur defeat costs him chance to take on Medvedev, AFL CEO-elect prefers day grand final timeslot, Donald Trump requests mistrial in rape civil case, Fiji former attorney-general taken into custody, Lions in double injury blow, Power's Duursma sidelined, Umpires got Nathan Murphy non-free kick call wrong: AFL, Charles settles into life as monarch, after long wait, Women charged after children found living in squalor, Essendon's Durham banned for dangerous tackle, Jailed crime boss says he sold footwear, not drugs, Reduced boundaries won't win Ashes for England: Healy, Abdo intervention prompts Reynolds ref abuse charge, Police officer stabbed 'seconds' after arriving at job, Fifth man charged over Sydney gangland shooting, NRL concedes error on crucial golden point call, Government action urged to combat gambling harm, Home-grown ballet double bill celebrates identity, Republican Hipkins has no plans for a NZ Republic, McReight welcomes World Cup 'wrestle' with Hooper. It generates hydrocarbon through seven oil and gas blocks in the Niger Delta region. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Afolabi Folorunso, who was General Manager West, is now Managing Director Seplat West Ltd, with a portfolio that includes OMLs 4, 38 and 41, the acreages upon So they generally do consider buying larger companies that are included in the relevant benchmark index. The deal would have seen a boost in Seplats production to 146,000 barrels of oil equivalent per day (boepd) and see its proven and probable liquids reserves jump from 241 million barrels to 650 million barrels. 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. Fraser McReight concedes he may still be the apprentice but says "master" Michael Hooper might be taking some notes of his own when the flankers clash in Townsville.McReight's Queensland Reds will host the NSW Waratahs on Saturday in a Super Rugby Pacific match of consequence, with the rivals sitting clear in sixth and seventh positions respectively and keen to move away from the chasing pack. Public companies currently own 21% of Seplat Petroleum Development stock. } The plan involves the retirement of Mr Basil Omiyi as Board Chairman, as well as the retirement of Senior Independent Non-Executive Director (SINED), Dr Charles Okeahalam before the companys Annual General Meeting in May 2024. Cookies necessary to ensure the optimal functioning of our website. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. A look at the shareholders of Seplat Petroleum Development Company Plc (LON:SEPL) can tell us which group is most powerful. Many institutions measure their performance against an index that approximates the local market. Sign-up to receive the latest news and ratings for Seplat Energy and its competitors with MarketBeat's FREE daily newsletter. In-depth profiles and analysis for 20,000 public companies. Concerned about the content? It operates a seven oil and gas Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? We aim to bring you long-term focused analysis driven by fundamental data. homes for sale in the parke ocean pines, md, o2 fitness cancel membership,

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