Seplat Energy Share Discussion Threads

[basem1] 26/3/2020 09:25

rolo have you any idea when ex dividend date is ? I see pay day is after the AGM on the 28th May

[basem1] 25/3/2020 08:40

Reread the results again last night Flabbergasted at how cheap this company is. Added again this morning. Should see a run back to a pound here

[rolo7] 23/3/2020 13:55

results dont include eland oil revenue figures

[basem1] 23/3/2020 10:41

It's 10c then 2 x 5c very nice so around 8p = 15% yield

[rolo7] 23/3/2020 10:25

They state dividend paid is for Oct to Dec quarter 2019

[basem1] 23/3/2020 10:01

Back the van up

[basem1] 23/3/2020 09:57

Love the way they have sold that statement Pretty impressive reading

[basem1] 23/3/2020 09:53

Today's numbers look quite incredible A nice 6% yield to boot

[rolo7] 20/3/2020 10:12

Time to buy now, strange that directors announce dividend 5cents days before results why if they want to buy shares at cheap price

[alamaison5] 19/2/2020 08:55

A very fast mover when ready.
120p target.

order confirmation
Thank you. Your order is confirmed

Order ref:NCPFXH
Buying2,813 SEPLAT PETROLEUM DEVT CO PLC NGN0.5 (SEPL)
Status:Executed
Placed at:08:50:35 19/02/20
Price:£1.065
Order Type:Market

[podgyted] 10/11/2019 10:19

Bought Eland instead.

Could be interesting.

[basem1] 29/8/2019 16:58

Mmmm Looking cheap but a lot of shares in issue If they are throwing off cash they should start a buy back at this level

[podgyted] 28/5/2019 12:49

Impacting share price today - RNS denying any liability issued by Seplat.

[rolo7] 09/5/2019 12:42

Pipeline ready to go in june hence big 700k share buy the other day

[nicky21] 07/4/2019 13:43

another nigerian stock with huge potential

if anyone looks at the charts we are due a massive reversal.3 month and 1 year chart.

[podgyted] 22/3/2019 19:40

That's me out - offered a sale at 129.5 post divi.

Now watching - Q2 with new pipeline might be the kick this needs.

[basem1] 13/3/2019 11:41

Right, that's me in with an initial 7500 shares.

[podgyted] 11/3/2019 13:05

Actually in the short-term I prefer ELA.

[basem1] 09/3/2019 07:11

Thanks Podgyted. I like the chart, it's setting itself up nicely with last nights 127.5p close on November's support. There was a couple of resistance points at 129.5 which I believe will now be taken out next week.

[podgyted] 08/3/2019 19:17

Ignore IC bit above - they've reported.

They've moved to a hold.

"In our buy call last year (131p, 12 Apr 2018), we suggested that “a return to the dividend list might prove to the market that Seplat is once again investment grade”. Whether the company’s status as a bargepole investment can be reversed remains to be seen, although the 15¢-worth of distributions declared for 2018 point to its merits as a total return stock. Reflecting this pivot to income, we move to hold.

Last IC View: Buy, 144p, 30 Jul 2018"

So just watch if you believe the sages of the IC. It reports quarterly and news flow on investment activity in 2019 is key here IMO.

[podgyted] 08/3/2019 18:58

That's a reasonable course of action. It is definitely below the radar.

The only immanent upcoming event which may give a boost is the Investors Chronicle (and I'm dubious) has tipped them in the past, noted their full year result and said their tip was under review - suspect they will publish something next week. I not convinced this would be a major boost.

I'm in and very happy just waiting and banking the dividends.

(Operationally, over the next year, there is loads they could do. Essentially they need to get their ar*e in gear, they have loads of cash and assets that are screaming to be developed - they do this, it will fly)

[basem1] 08/3/2019 12:21

It's under the radar. Jupiter is the only name I recognise on the shareholders list. Worth more but what's going to drive it higher ? I can't see a small quantity of Private investor purchases driving it. Best watched for now ? Unless someone can persuade me who knows a little more than myself.

[basem1] 08/3/2019 10:00

Looks nice, I've a buy order in at 126.5. Not in a rush here

[podgyted] 08/3/2019 09:21

GMP note 8/3/19 - summary

"Moving to the next step of growth

 Seplat delivered more very strong quarterly financial results with YE18
net cash of US$135 mm, ahead of our expectations of US$87 mm given
strong free cashflow.

 FY19 production is expected to stand at 49-55 mboe/d. However with
a 16 well drilling programme in 2019, gross liquid production could
increase by 30 mbbl/d by YE19 (OML 4, 38 and 41 representing 50% of
this additional production). This could boost the company’s WI oil
production from 25.7 mbbl/d in 2018 to over 30 mbbl/d by YE19. WI
gas production could also increase from 145 mmcf/d to over 180
mmcf/d by YE19.

 2P oil reserves at OML 4, 38 and 41 are stable at 174 mmbbl (175
mmbbl at YE17). Overall contingent resources have increased by 20
mmboe to 80 mmboe with gas at OML 4, 38 and 41 now accounting for
193 bcf (45 bcf at YE17).

 FID has now been taken on ANOH. The overall equity capex net to
Seplat remains c.U$250 mm (incl US$40 mm for upstream) with
US$280 mm debt to be raised by the Seplat/NGC 50/50 midstream JV.
First gas is expected in late 2020/early 2021 (we carry 2022).

 2019 capex is estimated at US$200 mm plus c. US$200 mm for ANOH.

 We reiterate our BUY rating with a target price increased from £2.70
to £2.90 per share as we have now derisked the development of ANOH
(that we valued at £0.51 per share, NPV15% from 2020). Seplat is a
showcase for what Nigeria can deliver when managed properly."