This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. 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. height: calc((850px) * 9 / 16); Owner Type Number of Shares Ownership Percentage; Individual Insiders: 17,039,930: 2.9%: Hedge Funds: 52,544,527: 9.0%: Seplat Energy (LON:SEPL) has a market capitalization of 620.22 million and generates 951.80 million in revenue each year. 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. 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. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. 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. (844) 978-6257. 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. View which stocks are hot on social media with MarketBeat's trending stocks report. According to him, it is not a good sign for corporate governance. You can see Seplat Petroleum Development's historic earnings and revenue below, but keep in mind there's always more to the story. According to the Bloomberg report cited, Seplat made payments to 18 companies associated with its founders, Austin Avuru and ABC Orjiako for services rendered. 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. 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. 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). Join the The Commission notes that the Board has remained united and that the reported events have not affected the fundamentals of Seplat. This may not be consistent with full year annual report figures. So they generally do consider buying larger companies that are included in the relevant benchmark index. The company also reported a pre-tax profit of $86.1 million representing a 3.2% jump over the same period in 2022. This article by Simply Wall St is general in nature. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Stockholders of record on Wednesday, May 17th will be given a dividend of GBX 0.03 per share on Friday, June 16th. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}0. It's always worth thinking about the different groups who own shares in a company. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. You have already added five stocks to your watchlist. Real-time analyst ratings, insider transactions, earnings data, and more. With a 30% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Seplat Energy. Sign-up to receive the latest news and ratings for Seplat Energy and its competitors with MarketBeat's FREE daily newsletter. See what's happening in the market right now with MarketBeat's real-time news feed. Meanwhile, individual investors make up 30% of the companys shareholders. Seplat is demanding the sum of $5 billion in damages. Access advanced stock screeners, portfolio monitoring tools, proprietary research reports, and more. This implies the analysts working for those institutions have looked at the stock and they like it. Post was not sent - check your email addresses! .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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. 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. Simply Wall St has no position in any stocks mentioned. Our data indicates that hedge funds own 9.0% of Seplat Energy. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. Meanwhile, the company and its Board members continued to support Mr Brown through his ordeal, and he kept exercising his duties as the company CEO from the UK office, despite the withdrawal of his work permit. P.M.B:12638 Marina The official website for the company is seplatpetroleum.com. 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. This can indicate that the company has a certain degree of credibility in the investment community. Despite these challenges, the company has surprisingly avoided the boardroom mele impacting its revenues. Cash generated from operations was also robust at $139.9 million even though it is 21.7% lower when compared to the period. Seplat Energy Plc says it is ready to move on from its challenges. ','+childNetworkId.trim():'';xmlhttp.open("GET", 'https://pubads.g.doubleclick.net/gampad/adx?iu=/147246189'+child+'/'+adunit+'&sz='+encodeURI(size)+'&t=Placement_type%3Dserving&'+Date.now(), true);xmlhttp.send();})(); !function(){var t="611a52ccd5cc7aa94a532b7d",e="widget_611a52ccd5cc7aa94a532b7d",a=document.createElement("script");a.type="text/javascript",a.setAttribute("data-cfasyn","false"),a.src="https://widget-cdn.ketshwa.com/m/p/611a52ccd5cc7aa94a532b7d/1256.js",a.async=!0,document.body.appendChild(a),a.onload=function(){KetshwaSDK.showWidget(t,e)}}(); Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |, Afrihealths Rigour+ aims to tackle medical brain drain, and counterfeit drugs in Nigeria with innovative healthcare solutions, Leaving the Tarmac: Buying a Bank in Africa shortlisted for BCA African Business Book of the Year, CBN pumps N701 billion back into circulation in March 2023 to ease cash at ATMs. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. In other words, the group stands to gain the most (or lose the most) from their investment into the company. You can see Seplat Energy's historic earnings and revenue below, but keep in mind there's always more to the story. Secure and increase the performance of your investments with our team of experts at your side. Payout ratios above 75% are not desirable because they may not be sustainable. Copyright 2023 Surperformance. Seplat Energy's stock was trading at GBX 105 at the start of the year. In their own names, insiders own UK8.1m worth of stock in the UK297m company. 326 E 8th St #105, Sioux Falls, SD 57103 In-depth profiles and analysis for 20,000 public companies. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? Our daily ratings and market update email newsletter. 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. } Seplat Energy Plc (ex Seplat Petroleum Development Company Plc) specializes in exploring and producing oil and natural gas. 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? 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. The Group has a portfolio of high - potential assets focused on Africa and Latin America, consisting of both production assets and opportunities in the exploration or appraisal phase. The Securities and Exchange Commission, SECis a Government Agency Mandated to Regulate and Develop the Nigerian Capital Market, SEC Towers, The company can be reached via phone at +234-1-2770400. But to understand Seplat Petroleum Development better, we need to consider many other factors. I generally consider insider ownership to be a good thing. 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. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Concerned about the content? 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 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). Join thousands of other investors who make better investing decisions with our premium tools. 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. The Group also holds a 20.46% stake in Seplat, one of Nigerias main operators that is listed on the stock exchanges of London and Lagos.Maurel & Prom also has financial support from its majority shareholder, the Indonesian national oil company Pertamina. Aston Villa CEO, Christian Purslow believes the Premier League should be investigating to determine the ownership structure of Newcastle United. This risk is higher in a company without a history of growth. You can click here to see if those insiders have been buying or selling. (function () { The dividend payout ratio is 8,888.89%. It seems that Private Companies own 47%, of the Seplat Energy stock. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. 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. The investors who had purchased shares after the initial deal was struck and were worried about the flip-flopping of the Nigerian government. Receive SEPL Stock News and Ratings via Email. One share of SEPL stock can currently be purchased for approximately GBX 105.40. 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. 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). 5b Isaiah Odolu Street, GRA phase 2 Who are the major shareholders and have insiders been buying or selling? Get daily stock ideas from top-performing Wall Street analysts. Seplat Energy announced a dividend on Thursday, April 27th. 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. Home; Exclusives. This represents a yield of 2.36%. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. }. Get in touch with us directly. It might be worth looking deeper into this. 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. -, Ashoka WhiteOak holds IPO; Fox Marble agrees takeover, Naked Wines optimistic; Hotel Chocolat warns on sales, Visa, Work And Residence Permit In Nigeria- A Cursory Look At The SEPLAT Energy CEO'S Experience, Other Oil & Gas Exploration and Production, Sector Other Oil & Gas Exploration and Production, NEIMETH INTERNATIONAL PHARMACEUTICALS PLC, Chief Executive Officer & Executive Director, Chief Financial Officer & Executive Director, Chief Operating Officer & Executive Director, Senior Independent Non-Executive Director. 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. All rights reserved. WebCompany profile for SEPLAT Energy PLC including key executives, insider trading, ownership, revenue and average growth rates. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. As you can see, institutional investors have a fair amount of stake in Seplat Petroleum Development. Cookies necessary to ensure the optimal functioning of our website. The community relies on everyone sharing. At the same time, Seplat filed a suit with No FHC/ABJ/CS/386/2023, at the Federal High Court Abuja, on March 21, 2023, accusing Dr. Orjiako of acting unilaterally when he communicated with the Federal Government over a business transaction worth over $300 million, allegedly without the consent of the companys Board of Directors. Owner Type Number of Shares Ownership Percentage; Individual Insiders: 17,039,930: 2.9%: Hedge Funds: 52,544,527: 9.0%: No: 1000005401 Furnish details of company ownership and shareholding structure. In other words, these shareholders have a meaningful say in the decisions of the company. As he prepares for an audience with King Charles, self-described republican Chris Hipkins has ruled out New Zealand becoming a republic during his prime ministership.Mr Hipkins heads to the United Kingdom on Monday night for a five-day visit including leading New Zealand's delegation at the King's Coronation. Shareholders were divided between looking for an exit strategy and staying on course until the company receives government approval for the MPNU acquisition. Since then, SEPL shares have increased by 0.4% and is now trading at GBX 105.40. 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 stemming from changes in managerial structure and the delayed acquisition of Mobil Producing Nigeria Unlimited assets. It's hard to say for sure but this suggests they have entwined business interests. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. 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. It might be worth looking deeper into this. Our data reflects individual insiders, capturing board members at the very least. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. This shows at least some alignment. 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Notably, sometimes top-level managers are on the board themselves. When such a trade goes wrong, multiple parties may compete to sell stock fast. Let's delve deeper into each type of owner, to discover more about Seplat Petroleum Development. 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. This may not be consistent with full year annual report figures. Seplat is a small oil and gas Net sales break down by Learn how it impacts everything we do. The definition of company insiders can be subjective and does vary between jurisdictions. 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. So they usually pay more attention to companies that are included in major indices. 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 Export data to Excel for your own analysis. Liquidity and Debt Structure. This risk is higher in a company without a history of growth. 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. 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. Strengthened Liquidity: Seplat had USD220 million of unrestricted cash at 30 September 2021. Concerned about the content? Lagos State, Kano Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. Seplat Petroleum Development Company employees attributed a compensation and benefits rating of 3.7/5 stars to their company. The company also engages in the renewable energy generation activities. Cookies to allow a better understanding of the use and performance of our website, to produce statistics, and to improve your browsing experience. But to truly gain insight, we need to consider other information, too. 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. 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. It also benefited from a USD350 Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. Our goal is to create a safe and engaging place for users to connect over interests and passions. Visa Charges Higher After Better-Than-Expected Q2 Report, onsemi Puts A Bottom in Chip Stocks, Heads For New Highs, Checkpoint Software Leads Cyber-Security Stocks. These include the orders that restrained the companys CEO Roger Brown from participating in the running of the Company. 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. African Alliance House (4th Floor), F1, Sani Abacha Way/Airport Road, Opposite KLM Airlines However, on some occasions too much power is concentrated within this group. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. But just like anyone else, they could be wrong. They are always enabled. Seplat Energy Plc was incorporated in 2009 and is headquartered in Lagos, Nigeria. Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company, has announced a new shareholder with over Seplat reveals new WebCurrently, Roger Thompson Brown is Chief Executive Officer & Executive Director at Seplat Energy Plc. It generates hydrocarbon through seven oil and gas blocks in the Niger Delta region. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. It operates a seven oil and gas 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. Sign up here. Also submit photocopies of its CAC Forms CO2 and CO7. Alternatively, email editorial-team@simplywallst.com. The company employs 528 workers across the globe. Shareholders of Seplat Petroleum Development Company Plc have expressed optimism that the new chief executive officer(CEO) of the company, Mr. Roger He refuted the Presidents approval. View detailed SEPLAT.NG description & click here to see if those insiders have been buying or selling. The Australian Ballet will showcase two world premiere dance pieces as part of its 60th anniversary.The double bill Identity features Paragon by resident choreographer Alice Topp. 3, Idejo Street, Opposite ICON House, Many look for medium term catalysts that will drive the share price higher. Read our dividend analysis for SEPL. This announcement was made after a Federal High Court in Lagos issued a Mareva Injunction restraining ABC Orjiako, and other firms linked to him, from accessing the accounts and assets of Seplat Energy Plc. How many employees does Seplat Energy have? A look at the shareholders of Seplat Petroleum Development Company Plc ( LON:SEPL) can tell us which group is most powerful. click here to see if those insiders have been buying or selling. What is Seplat Energy's stock price today? We can report that insiders do own shares in Seplat Energy Plc. Director of External Affairs & Sustainability. The AFL admits its umpires erred in not awarding Nathan Murphy a free kick after he was clattered by Adelaide's Darcy Fogarty while failing to enforce the blood rule.Murphy was positioned under a high ball in the last quarter of the Magpies' thrilling win on Saturday when Fogarty crashed into him, front-on. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Off Adeola Odeku Street, Victoria Island Kano 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.

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