Seplat Energy trades on the London Stock Exchange (LON) under the ticker symbol "SEPL.". Also submit photocopies of its CAC Forms CO2 and CO7. 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. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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. Get short term trading ideas from the MarketBeat Idea Engine. Seplat Energy announced a dividend on Thursday, April 27th. Seplat Petroleum Development is not owned by hedge funds. Sign up here. click here to see if those insiders have been buying or selling. Simply Wall St has no position in any stocks mentioned. Read our dividend analysis for SEPL. After ABC Orjiako stepped down as Board Chairman at Seplat, the company had a consultancy arrangement with him, which obliged him to provide defined assistance to certain external stakeholders. 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. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. } 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. Liquidity and Debt Structure. When such a trade goes wrong, multiple parties may compete to sell stock fast. 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. View the best growth stocks for 2023 here. Delayed London Stock Exchange When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. 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. No: 1000005401 Furnish details of company ownership and shareholding structure. 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. Who are the major shareholders and have insiders 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. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. This risk is higher in a company without a history of growth. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. The Commission notes that the Board has remained united and that the reported events have not affected the fundamentals of Seplat. 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()? It operates a seven oil and gas Liquidity and Debt Structure. The company earns 62.41 million in net income (profit) each year or GBX 0.09 on an earnings per share basis. Stockholders of record on Wednesday, May 17th will be given a dividend of GBX 0.03 per share on Friday, June 16th. 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. Seplat Energy Plc (ex Seplat Petroleum Development Company Plc) specializes in exploring and producing oil and natural gas. Net sales break down by family of products as follows: - natural gas (21.2%). At the end of 2020, the group operated 7 onshore blocks located in Nigeria. Transparency is how we protect the integrity of our work and keep empowering 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 Seplat Energy (LON:SEPL) pays an annual dividend of GBX 8 per share and currently has a dividend yield of 8.15%. This employer has not claimed their Employer Profile and is missing out on connecting with our community. We can see that Seplat Energy does have institutional investors; and they hold a good portion of the company's stock. 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. It generates hydrocarbon through seven oil and gas blocks in the Niger Delta region. Please log in to your account or sign up in order to add this asset to your watchlist. 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. He refuted the Presidents approval. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. Join thousands of other investors who make better investing decisions with our premium tools. By March 8, 2023, had his work permit, visa, and residence permit revoked by the Nigerian Ministry of Interior. 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. Get daily stock ideas from top-performing Wall Street analysts. Aston Villa CEO, Christian Purslow believes the Premier League should be investigating to determine the ownership structure of Newcastle United. They participate in particular in security, ergonomics and the choice of language of the website. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. 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, Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Seplat is demanding the sum of $5 billion in damages. According to the Bloomberg report cited, Seplat made payments to 18 companies associated with its founders, Austin Avuru and ABC Orjiako for services rendered. height: calc((850px) * 9 / 16); Home; Exclusives. You can click here to see if those insiders have been buying or selling. 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. .uniq_1764707858073873 { Receive SEPL Stock News and Ratings via Email. var size='300x250', -, 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. Cookies to allow a better understanding of the use and performance of our website, to produce statistics, and to improve your browsing experience. They too, get it wrong sometimes. Strategic growth: Eland acquisition 27 Apr 2023 21:46:07 Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. So they generally do consider buying larger companies that are included in the relevant benchmark index. A look at the shareholders of Seplat Petroleum Development Company Plc ( LON:SEPL) can tell us which group is most powerful. Shareholders of Seplat Petroleum Development Company Plc have expressed optimism that the new chief executive officer(CEO) of the company, Mr. Roger It might be worth looking deeper into this. childNetworkId = '21634543682', We can report that insiders do own shares in Seplat Energy Plc. The investors who had purchased shares after the initial deal was struck and were worried about the flip-flopping of the Nigerian government. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? In comparison, the second and third largest shareholders hold about 14% and 7.6% of the stock. 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. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? WebCompany profile for SEPLAT Energy PLC including key executives, insider trading, ownership, revenue and average growth rates. Get in touch with us directly. 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. Plot 272, Samuel Adesujo Ademulegun Street, Central Business District , Abuja, FCT, Lagos The dividend payout ratio is 8,888.89%. Our data indicates that hedge funds own 9.0% of Seplat Energy. In order to improve our community experience, we are temporarily suspending article commenting. This implies the analysts working for those institutions have looked at the stock and they like it. WebWhat is the ownership structure of SEPLAT? 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. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. Real-time analyst ratings, insider transactions, earnings data, and more. 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. Alternatively, email editorial-team@simplywallst.com. With a 30% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Seplat Energy. Seplat Energy Plc was incorporated in 2009 and is headquartered in Lagos, Nigeria. Join the NRL chief executive Andrew Abdo invoked his power for the match review committee to consider their charges before Josh Reynolds was cited for Sunday's outburst at officials.Reynolds has been hit with a grade-one contrary conduct charge after his halftime abuse of referee Grant Atkins in Canterbury's win over St George Illawarra. Many institutions measure their performance against an index that approximates the local market. 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%. (function () { It generates hydrocarbon through seven oil and gas blocks in the Niger Delta region. 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. Is United Airlines Playing a Game of Limbo with Its Guidance? Seplat Petroleum Development is not owned by hedge funds. Includes shallow-water affiliate; ExxonMobil to retain deepwater assets. Its worth noting that neither Seplat Energy nor Seplat Energy Offshore Limited was involved in the lawsuit. The official announcement can be viewed at this link. On November 17, 2021, Seplat announced that ABC Orjiako would step down from his position as Board Chairman in May 2022. 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). 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In their own names, insiders own UK17m worth of stock in the UK584m company. Institutions often own shares in If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. But to truly gain insight, we need to consider other information, too. 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Our goal is to create a safe and engaging place for users to connect over interests and passions. 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 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. The company also engages in the renewable energy generation activities. You can click here to see if those insiders have been buying or selling. Please read our Financial Services Guide before deciding whether to obtain financial services from us. How often does Seplat Energy pay dividends? 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. Our data reflects individual insiders, capturing board members at the very least. have bought more shares than they have sold in the past 3 months. This may not be consistent with full year annual report figures. It seems that Private Companies own 47%, of the Seplat Energy stock. To see all exchange delays and terms of use please see Barchart's disclaimer. It's always worth thinking about the different groups who own shares in a company. Significant control over Seplat Energy by private companies implies that the general public has more power to influence management and governance-related Our daily ratings and market update email newsletter. 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? Additionally, the company's CEO Roger Brown directly holds 0.6% of the total shares outstanding. 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. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. With 47% stake, private companies possess the maximum shares in the company. African Alliance House (4th Floor), F1, Sani Abacha Way/Airport Road, Opposite KLM Airlines Read our dividend analysis for SEPL. Seplats acquisition of Mobil Producing Nigeria Unlimited assets has been delayed due to legal battles, including a dispute with Nigerian National Petroleum Company Limited over pre-emption rights under their Joint Operating Agreement. 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. However, on some occasions too much power is concentrated within this group. 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). View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. On looking further, we found that 56% of the shares are owned by the top 5 shareholders. Get in touch with us directly. P.M.B:12638 Marina Net sales break down by What is Seplat Energy's stock price today? View detailed SEPLAT.NG description & Meanwhile, the case has been adjourned to May 16, 2023, to continue the hearing. adunit = 'nairametrics.com_336x336_responsive_DFP', Read what they think about their salaries on our Compensation FAQ page for , Summer Legal salaries - 3 salaries reported, Project Engineer salaries - 1 salaries reported, Budget Manager salaries - 1 salaries reported, HSE Specialist salaries - 1 salaries reported, Graduate Engineer salaries - 1 salaries reported, Electrical Engineering salaries - 1 salaries reported, Administrative Assistant salaries - 1 salaries reported, Piping Engineer salaries - 1 salaries reported, Joint Venture Planning and Cost Engineer salaries - 1 salaries reported, Internship salaries - 1 salaries reported, Graduate Trainee salaries - 1 salaries reported, Lead Cost Estimator salaries - 1 salaries reported, Warehousing, Rigging & Material Handling salaries - 1 salaries reported, Senior Metering Engineer salaries - 1 salaries reported, Mechanical Engineer salaries - 1 salaries reported, Operations salaries - 1 salaries reported, Contractor salaries - 1 salaries reported, Reservoir Engineer salaries - 1 salaries reported, Business Management Graduate Scheme salaries - 1 salaries reported. SEC TOWERS, Plot 272, Samuel Adesujo Ademulegun Street, Central Business District P.M.B:315, Garki, Abuja +234 (0) 94621100; +234 (0) 94621168 Email: sec@sec.gov.ng. We aim to bring you long-term focused analysis driven by fundamental data. Duolingo Speaking Volumes: Forms Bullish Chart Ahead of Earnings, Caterpillar Being Weighed Down by Negative Investor Sentiment, Q1 2023: Seplat Energy post 69% increase in gross profit, Seplat Energy: Transforming Education In Nigeria Through Innovation, Get MarketBeat All Access Free for 30 Days, 2023Q1: Seplat Energys Revenue Up 36.9%, Offers $0.03 Dividend, Seplat Energy grows revenue by 36.9% amid crisis, Seplat Energy Plc (LON:SEPL) Declares Dividend of $0.03, Seplat Energy Chairman to Retire Before 2024 AGM, Seplat Energy chair to resign and firm eyes improved governance, Seplats director, Fabian Ajogwu, resigns, cites external interferences, Seplats notice of withdrawal on criminal charges fraudulent CSO, Nigeria: In New Twist, Govt Withdraws Immigration Case Against Seplat's CEO, Others, Nigerian Govt Withdraws Immigration Lawsuit, Says Seplat, Nigeria: Govt Withdraws Immigration Case Against Seplat CEO, Others, FG withdraws immigration case against Seplats CEO, Seplat Energy Says Nigerian Government Files Immigration Suit Against It, Seplat crisis not related to its economic activities SEC DG, Breach of Immigration Act: FG files criminal charges against Seplat, Roger Brown, Omiyi, others, Govt Drags Seplat's CEO, Others to Court Over Alleged Breach of Immigration Law, Seplat provides FG required documents in immigration suit, Our Sustainability Drive Aggressive, Unwavering Seplat COO, Seplat Energy Unveils Plans To Fight Poverty Through Youth Empowerment Capacity Development, Seplat Energy Restates Commitment To Youth Entrepreneurship Growth, Seplat Doles Out N16.5m Seed Money To 23 Budding SMEs, Seplat Energy lifts young entrepreneurs with grants, Seplats corporate governance issues: Matters arising, 25A Lugard Avenue, Ikoyi, LAGOS, 101222, Nigeria.
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