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Nigeria Bond is 16%
18.75%
You can see them all here. If you thought Turkey was high at 40% look at Argentina!
https://tradingeconomics.com/country-list/interest-rate
Trek
Somewhere
I read someway the interest rate would be 12%, 20% seems extraordinary
With the Nigerian interest rate now nearing 20% I'd expect them to favour debt reduction over specials assuming this deal materialalises.
Makes sense not to pay a special divi but all things being equal the sp should will take care of that (hope)
If you assume they'll continue to pay specials, which they may take a break from to finance this deal, the divi is near 10%, net of withholding tax.
Ticking up 1,26p to buy
Divi is just under 8% as a result of the rise in the sp over the last year depending when you bought ofcourse
Seems about right given the XR and allowing if im right 10% off for the Nigeria tax
Divi in for ii for each 10k shares = £211.71
Shares are held in an ISA
Does that tally with other holders?
I thought it was a bit low, probably the fx poor atm.
Trek
RB said he was hopeful the deal would be done before the new year,the clocks ticking
Divi day today maybe all those very small sells are to buy Turkeys!
And then 20 trades over one minute today, and nothing either side of that one minute 😳
After the flurry of trades yesterday weird not 1 today
Amazed we finished blue today. Must have a background buyer taking on those sells.
I am sticking with this now, the yield smoothes the journey whilst we await transformational operational news and an update on the divestment.
Usual caveats
Trek
Might add the OPEC meeting has been postponed from 24th to the 30th Nov due to Saudis not happy with other members production outputs figures
Thanks for this - I got a little concerned that I'd missed something related to the deal when I saw the sells. Thanks for all the posts you guys put up by the way, long term watcher on the board who never posts. I've been in since the start of 2022 and I topped up in the past few days to take this to my largest holding. Really hoping we get the news we've all been waiting for regarding the deal in the next few weeks!
This just adds ammo for OPEC to reduce production next week which will have an even greater effect for the oil price to surge imo
A lot of oil company shares being sold today, majors' SP down between 2 and 3% reflecting >3% drop in POO.
Maybe not, just noticed some large sales going through,hard to fathom why you would be selling now considering whats going on here
Or Xmas around the corner
Quite a few indicative sell trades today. 123.5 to buy 121.7 to sell on 1000 shares. Nothing large. No liquidity.
I don’t think it’s anything other than some folk moving money post xd.
Can’t see the news below being adverse 250m not a lot for sepl! Sign of in country intent if you ask me. Good pr!
Usual caveats
Trek
Https://nairametrics.com/2023/11/17/seplat-to-build-a-250-million-gas-plant-in-sapele-delta-state/#
Very helpful info Sea Tank thanks.The increase in the divi should not be sneezed at as well,sounds almost too good to be true,but hey why not.