Seplat Energy Plc was incorporated in 2009 and is headquartered in Lagos, Nigeria. Join thousands of other investors who make better investing decisions with our premium tools. What other stocks do shareholders of Seplat Energy own? c) Provide evidence of what This risk is higher in a company without a history of growth. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. After waiting longer than any British heir to become monarch, King Charles III has quietly settled into his new role with little of the drama some commentators had expected, but with family divisions and some fundamental issues still looming.The 74-year-old Charles, who will be formally crowned on Saturday, was the oldest sovereign to take the throne in a lineage that dates back 1000 years when he succeeded his hugely popular mother Queen Elizabeth II after her death last September. The company employs 528 workers across the globe. African Alliance House (4th Floor), F1, Sani Abacha Way/Airport Road, Opposite KLM Airlines Sorry, your blog cannot share posts by email. Public companies currently own 21% of Seplat Petroleum Development stock. Our data indicates that hedge funds own 9.0% of 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. A look at the shareholders of Seplat Petroleum Development Company Plc (LON:SEPL) can tell us which group is most powerful. } We can see that Seplat Energy does have institutional investors; and they hold a good portion of the company's stock. A Brothers 4 Life member chose by himself to sell ice while the gang's founder worked with the drug dealer to sell shoes and tap fittings, a NSW jury has heard.Bassam Hamzy is on trial in the Downing Centre District Court over allegations he sold methylamphetamine while incarcerated, giving directions through his lawyer Martin Churchill to gang members outside. 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. Get in touch with us directly. It might be worth looking deeper into this. It seems that Private Companies own 33%, of the Seplat Petroleum Development stock. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. We can report that insiders do own shares in Seplat Energy Plc. 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. Who are the major shareholders and have insiders been buying or selling? If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. This can indicate that the company has a certain degree of credibility in the investment community. Off Adeola Odeku Street, Victoria Island 3, Idejo Street, Opposite ICON House, Private companies may also have a strategic interest in the company. Seplat Energy (LON:SEPL) pays an annual dividend of GBX 8 per share and currently has a dividend yield of 8.15%. Transparency is how we protect the integrity of our work and keep empowering WebAs you can see in the diagram, the ownership structure in this company have institutional shareholders with 65.05% of the company ownership, retail shareholders at 13.17%, sovereign wealth funds at 10.47%, foundations (or founder) at 5.20% and others at 6.11%. Seplat Energys $318m cash generation, huge capital investment drive shareholders fortune Seplat Petroleum Development Company Plc, held its hybrid 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. In line with its core mandate of investor protection, the Commission has sought and obtained explanations from Seplat through its Board of Directors and from the NGX,the primary exchange on which it is listed. 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. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Seplat Energy Plc engages in the oil and gas exploration and production, and gas processing activities in Nigeria. 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 14% and 9.0% of the shares outstanding respectively, Petrolin Group and Sustainable Capital Ltd are the second and third largest shareholders. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. } In other words, the group stands to gain the most (or lose the most) from their investment into the company. PT Pertamina (Persero) is currently the company's largest shareholder with 21% of shares outstanding. The Commissions attention has been drawn to the recent reports in the media regarding Seplat Energy Plc (Seplat), a public companylisted onthe Nigerian Exchange Limited (NGX)and the London Stock Exchange (LSE). In-depth profiles and analysis for 20,000 public companies. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. Read our dividend analysis for SEPL. Secure and increase the performance of your investments with our team of experts at your side. Kano You have already added five stocks to your watchlist. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. In its 2023 first quarter results, it reported higher revenue of 36.9% to $331 million. 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. One share of SEPL stock can currently be purchased for approximately GBX 105.40. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. This risk is higher in a company without a history of growth. 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. 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. 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. Let's delve deeper into each type of owner, to discover more about Seplat Petroleum Development. Shareholders would probably be interested to learn that insiders own shares in Seplat Petroleum Development Company Plc. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? Receive SEPL Stock News and Ratings via Email. 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. Also submit photocopies of its CAC Forms CO2 and CO7. All rights reserved. On looking further, we found that 56% of the shares are owned by the top 5 shareholders. 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. That's interesting, because hedge funds can be quite active and activist. 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. Find your private company bowl on Fishbowl, join the hottest conversation with your colleagues anonymously. To see all exchange delays and terms of use please see Barchart's disclaimer. The Commission will continue to work with the Board of Seplat to monitor the situation and take effective measures to preserve the integrity and transparency of the capital market. We aim to bring you long-term focused analysis driven by fundamental data. Cookies to allow a better understanding of the use and performance of our website, to produce statistics, and to improve your browsing experience. contact@marketbeat.com Case in point: We've spotted 2 warning signs for Seplat Energy you should be aware of. Seplat Petroleum Development is not owned by hedge funds. Seplat Energy's mailing address is 25A Lugard Avenue, Ikoyi, LAGOS, 101222, Nigeria. View our latest analysis for Seplat Energy. WebWhat is the ownership structure of SEPL? View which stocks are hot on social media with MarketBeat's trending stocks report. By August 8, 2022, President Buhari had given his approval for Seplat to acquire MPNUs assets, citing the numerous benefits to Nigerias economy. height: calc((850px) * 9 / 16); Essendon dasher Sam Durham has been slapped with a one-match ban for a dangerous tackle on Geelong's Mark Blicavs.Durham is the latest player cited under the AFL's crackdown on dangerous tackles, after slinging Blicavs to the MCG turf in the third quarter of Essendon's 28-point loss on Sunday. Real-time analyst ratings, insider transactions, earnings data, and more. xmlhttp = new XMLHttpRequest();xmlhttp.onreadystatechange = function(){if(xmlhttp.readyState==4 && xmlhttp.status==200){var es = document.querySelectorAll("[data-id='"+adunit+"']");var e = Array.from(es).filter(function(e) {return !e.hasAttribute("data-rendered")});if(e.length > 0){e.forEach(function(el){var iframe = el.contentWindow.document;iframe.open();iframe.write(xmlhttp.responseText);iframe.close();el.setAttribute('data-rendered', true)})}}};var child=childNetworkId.trim()? Learn how it impacts everything we do. With 47% stake, private companies possess the maximum shares in the company. Notably, sometimes top-level managers are on the board themselves. This may not be consistent with full year annual report figures. You can see Seplat Energy's historic earnings and revenue below, but keep in mind there's always more to the story. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. Our daily ratings and market update email newsletter. Gambling reform advocates have called on the federal government to create a special unit to address the harm being inflicted across the country.At a symposium in Adelaide on Monday, both the Public Health Association of Australia and the Alliance for Gambling Reform said the unit should sit within the Department of Health and Aged Care. As you can see, institutional investors have a fair amount of stake in Seplat Petroleum Development. He refuted the Presidents approval. Meanwhile, On July 11, 2022, Seplat announced that the Nigerian National Petroleum Company Limited (NNPCL) had initiated legal action in the State High Court of the Federal Capital Territory in Abuja. It operates a seven oil and gas WebCurrently, Roger Thompson Brown is Chief Executive Officer & Executive Director at Seplat Energy Plc. This shows at least some alignment. Case in point: We've spotted 6 warning signs for Seplat Petroleum Development you should be aware of. American Consumer News, LLC dba MarketBeat 2010-2023. According to the Bloomberg report cited, Seplat made payments to 18 companies associated with its founders, Austin Avuru and ABC Orjiako for services rendered. 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. In January 2023, some former employees filed a petition against Seplats CEO, Roger Brown on the grounds of alleged intimidation, sacking of Nigerian staff, abuse of corporate governance, the relegation of host communities, relocation of Seplat technology office to Aberdeen, UK, bullying of Nigerian staff by foreign nationals, as well as spending of over $5 million dollars to shuttle between Lagos and his London home after allegedly fraudulently collecting a relocation allowance from the company. It's hard to say for sure but this suggests they have entwined business interests. Despite these challenges, Seplat reported higher revenue and pre-tax profits in the first quarter of 2023, and has announced a Boardroom succession plan to strengthen corporate governance and retire some board members. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}0. Cash generated from operations was also robust at $139.9 million even though it is 21.7% lower when compared to the period. WebWhat is the ownership structure of SEPLAT? Metro Pacific Investments Corporation is currently the largest shareholder, with 21% of shares outstanding. Justice Yellin Bogoro of the Federal High Court had issued an interim order restraining Orjiako, and the two firms, as well as their proxies in Nigeria and any jurisdiction worldwide, from receiving and or transferring assets and accounts of Seplat Energy Plc. 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. Concerned about the content? Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. .uniq_1764707858073873 { 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. Post was not sent - check your email addresses! 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. Identify stocks that meet your criteria using seven unique stock screeners. Seplat has also faced corporate governance controversies, including payments to companies associated with its founders, and a lawsuit accusing former Chairman ABC Orjiako of acting unilaterally and demanding $5 billion in damages. 326 E 8th St #105, Sioux Falls, SD 57103 Institutions often own shares in Strategic growth: Eland acquisition