Seplat Energy Share Price (SEPL)

Q1 results will be out Monday 29th April.

Seems like yesterday but it’s a year since the smear campaign court case! A well deserved gong for SEPL pioneering in country governance! Sets the divestment foundations perfectly!

Usual caveats

Trek

Gong!

“ Seplat Energy, which is Nigeria’s leading indigenous energy player, was recognised for its effective corporate governance framework and corporate governance standards.

Seplat Energy also got recognition for its exponential growth for the period, which had translated into the creation of significant shareholder value and national wealth.

Energy Times is a leading weekly newspaper based in Lagos, Nigeria, focusing on oil, gas, power, maritime and renewable energy reportage.“

https://blueprint.ng/seplat-energy-emerges-energy-times-corporate-governance-company-of-the-year/

It’s sure has been a long wait be we have been well paid to wait!

Trek

Happy days Trek, MR Market is finally realising that this is a very attractive income play with step-ups (plural) in income in the near-term, plus various growth avenues once MPNU closes. Frankly, when MPNU is sealed all bets are off regarding where this business could go. We've been invested in this name since 2019/2020 I believe and it's been a long wait but so good to see the stars aligning at last.

I expected 6p off Gav and then a further drop over the next few days. That’s typical of many uk xd stocks atm.

But this today is indeed something special!

SP at 5 year high and heading to the 260 highs of the 2014 IPO ‘bathtub chart’ by looks of it!

That spike up from 148 hasn’t even been threatened.

Volumes are still low and liquidity is poor indicating there is potentially a background buyer for the London stock.

They ain’t having mine!

Nice to have a growth income play of scale!

Usual caveats

Trek

I will give this a final go, to finish my sentence! The other related point I was trying to make refers to Alex's nod to the "integrated" E&P aspect, and MPNU's related opportunity in gas to Europe. Seplat's growing midstream business is a long term contract fixed price business, which deserves a higher valuation, and this business will multiply in scale if SEPL can install infrastructure to process and export MPNU's huge gas reserves to Europe, again under long term contract. All of this comes on top of the core oil business's prolific cash generation. When the MPNU deal is cemented, this "hidden" upside comes into play.