Share Name Share Symbol Market Type Share ISIN Share Description
Seplat Petroleum Development LSE:SEPL London Ordinary Share NGSEPLAT0008 ORD NGN0.50 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 123.25p 122.00p 124.50p 124.00p 123.00p 124.00p 5,011 16:35:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 205.9 -139.9 -23.5 - 694.45

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Date Time Title Posts
18/8/201412:02BUY AND HOLD in SEPLAT-

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Seplat Daily Update: Seplat Petroleum Development is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SEPL. The last closing price for Seplat was 123.25p.
Seplat Petroleum Development has a 4 week average price of 115.50p and a 12 week average price of 97.50p.
The 1 year high share price is 131p while the 1 year low share price is currently 70p.
There are currently 563,444,561 shares in issue and the average daily traded volume is 16,633 shares. The market capitalisation of Seplat Petroleum Development is £694,445,421.43.
whiskeyinthejar: Seplat's projections for 2016 11 Apr 2016, 12:00 am Financial Nigeria Seplat's projections for 2016 Feature Highlight Seplat has forecast a 5 percent growth in revenues to N119.8 billion ($599 million). Seplat Petroleum Development Company recently held its full-year 2015 analyst/investor conference call in which the company said it expects a much better performance in 2016 as production volume increases, particularly from its gas business. Low oil prices, which have declined by more than 60 percent since July 2014, as well as significant downtime at Seplat's Trans Forcados pipeline, impacted the company's revenues in 2015. Seplat, a leading Nigerian oil and gas exploration and production company, released its 2015 audited report and financial statements last month, showing 26.4 percent year-on-year (YoY) decline in revenue from N124 billion ($775 million) in 2014 to N113 billion ($570.5 million) last year. The company's profit before tax (PBT) fell 65.5 percent YoY to N17 billion ($87 million) compared with N40 billion ($252 million) in 2014. The downbeat results masked the company's strong production last year as its average daily oil production rose 29 percent from 30,823 barrel of oil equivalent per day (boepd) in 2014 to 43,372 boepd last year. In its projection for 2016, Seplat has informed investors that it anticipates net production to rise by 9 percent YoY to 47,000 boepd. This projection is within the management’s production guidance of 41,000 boepd to 48,000 boepd for this year. With the inclusion of its new assets -- OML 53 and OML 55 -- which the company acquired from Chevron Nigeria following a Supreme Court judgement in January, Seplat has forecast a 5 percent growth in revenues to N119.8 billion ($599 million). Seplat's management has proposed N26 billion ($130 million) for capital expenditure in 2016, down from N30.4 billion ($152 million) and N64.2 billion ($321 million) in 2015 and 2014, respectively. The lower CAPEX spend this year and anticipated profit after tax (PAT) of around N16.2 billion ($81 million) are due to the uncertainty over the renewal of the tax holiday Seplat was given by the Nigerian government in the last three years. The Nigerian Investment Promotion Council (NIPC) is yet to approve the firm's pioneer status, even though it is renewable for another two years. Seplat said the exemption from tax payment enabled it to ramp up capital projects during the period (2012-2015). The company invested over N60 billion ($300 million) in gas projects over the last two years. Seplat has a strategy to become a preeminent supplier of natural gas in the Nigerian domestic power sector. Seplat’s investments have raised gross gas production from an average of 90 million standard cubic feet of gas per day (mmscfd) in 2012 to around over 300 mmscfd in 2015. The firm has signed gas supply contract agreements with several power projects in Nigeria including Azura Power, Sapela Power Plant, Geregu Power Plant and Nigerian Gas Company. CardinalStone Partners Limited, a Lagos-based financial advisory and investment management firm, said extended shut-downs at Seplat's Trans Forcados Terminal could negatively impact production guidance since the terminal is crucial to evacuation from key oil fields. The asset management firm has increased the Target Price (TP) for Seplat's stock to N376.38, from the previous TP of N312.79. CardinalStone has also issued a Buy recommendation -- a rating given to equities with strong fundamentals -- for Seplat’s stock, which is listed on the Lagos and London stock exchanges. Seplat's share price, according to CardinalStone, is tied to the flux in oil prices. Its stock would perform better if oil prices rebound while a weaker than expected oil price environment would put downward pressure on the price. htTp://
whiskeyinthejar: Nice find. Share price in London seems to be lagging quite a bit compared to Nigeria over last week. Reaction to update was very positive and the other day it rose 8% in one day. Anyway, seems it closed at 151.7 on 21st Jan. Now trading at 194.25 in Nigeria.
dukedosh: Afren confirms approach by Seplat 22 December 2014 | 09:14am - Afren has notes the recent movement in its share price and confirmed that it has received a highly preliminary approach from SEPLAT Petroleum Development Company plc regarding a possible combination with Afren. Afren says there can be no certainty that an offer will be made or as to the terms of any offer. Afren also noted that Seplat must announce whether it plans to make an offer by 5 p.m. on 19 January. At 9:14am: [LON:AFR] Afren PLC share price was +5.66p at 53.23p Story provided by
Seplat share price data is direct from the London Stock Exchange
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