Member Info for Gwillerz79

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I guess the analysts will have their own view. Personally in a year of stagnating advertising spend and a slowdown on acquisitions I'm very happy with the ebitda margin improvements and sales.

In addition they appear to far more organised financially and operationally which hammered us in H1.

We have a market cap of $1.2b today and debt of $0.11b. If they deliver growth in a difficult market this year, improve margins etc I think that will be really positive.

In addition $180m + of ebitda puts us on a fwd ev/ebitda multiple of 7.3...

Very happy with that. Also the outlook in particular of like for like sales (10%ish) and ebitda margin (16%ish margin) for this year. Am I correct in thinking this advises £180m+ ebitda on sales of nearly £1.2b?

Thanks seatank. It is very emotional as you say. It's great he is being supported fully particularly by his own employees. It nearly brought a tear to my eye!

As you say, this farce certainly doesn't help to attract much needed investment into the country, or help to convince IOCs to stay.

Hopefully once the 7 days have ended we hear less about this and more about our acquisition of MPNU

Hi Seatank I've just read this. Really detailed rebuttal of all accusations and demonstrates really well how ridiculous the accusations are.

https://guardian.ng/business-services/seplat-energy-rebuts-allegations-against-ceo-board/

Looks like mo deal is starting to be priced in? Have the large shareholders said no? Can't be long to find out

Yes I'm surprised they didn't go higher to put pressure on our board. 237p is not going to do that. A lot of value here for Apollo if they want it but going in cheap will mean not getting off the starting block

Thanks Seatank. Interesting. I wouldn't have thought Exxon would want this publishing if there was not positive discussions in the background....same with Seplat commentary in the accounts.

Yes the dividend special is obviously fab news but the statement on getting the deal done by May also stood out to me. Given we are almost in March, that doesn't leave a lot of time if things haven't progressed behind the scenes

Hi trek / seatank. I think the results are on the 28th (so Tuesday)

£2.30 all cash offer. Bidding war please...

I hope someone knows something!!

I agree, Aucuba. As you say, legacy issues are known, valued, and out in the open. I think we need some consistent delivery. No negative issues to pop up in order to restore confidence.

I think the benefit we now have is a much lower net debt compared to our peers.

*high single digit cagr

Having just looked at industry metrics, the average is circa 12x. KBL and FLUOR range around 11x.

WORLEY is interesting as it's the only competitor that operates in all 3 of our sectors hence is most closely aligned. It delivers $500m Ebitda (not too far from us) but with a Metric of 12.8x. It has a MC of $5.3b and a debt of $1.2b!!!

WOOD, on the other hand, is a lowly 3.9x. A 10x to 11x multiple average would be £4.22 to £4.70

The above is based on $390m ebitda. It ignores high single digit card as advised by Ken.

Lot's to look forward to here, and I won't be selling out cheaply.

Hopefully not Seatank, and I am sure there is lots going on behind the scenes.

Not withstanding MPNU, we are hugely undervalued anyway. I am looking forward to ANOH commencing production and positive news on production rates generally

Is this acquisition now dead in the water? A few articles online stating the failed bid is affecting Nigerias' ability to attract investment.

Why any company would want to invest when the regulator is a competitor is beyond me?.

Jefferies raises John Wood Group to 'buy' (hold) - price target 190 (150) pence

Great summary from Sparta Capital. Some of my thoughts are covered here in one concise document.

Yes I've noticed that Mick. Not sure why. Good news though and cash balance huge