Member Info for Gwillerz79

Well 110k shares were sold today (0.7%) of the company.........and 105k shares were bought! So we definitely have both buyers and sellers. The issue is that thos seller has been relentless now for over 10 weeks. The good news is.........at this rate of selling......100% of all shares will have been sold in another 149 days!!

......And completely ignored by the share price. Well done Seplat

Thanks Seatank. So does this mean NLNG are going to take the Anoh gas until the OB3 pipeline is completed?

What a pile of sh*t this share is. Note to self.....any any future rise......sell up and leave

Another share price fall! Those highs of £6.50+ seem a long way away. I wish this seller would dump their stock and p*ss off

Cheers Seatank. I think I'm right in thinking they are hoping OB3 will br finished by the end of Q2. Seplat meanwhile are sourcing an alternative route and state this in the Q1 update.....

"Beyond the gas plant execution work, much of the focus in 1Q 2025 has been on securing alternative evacuation options, given continued delays to completion of the OB3 pipeline. During the period AGPC agreed preliminary heads of terms for delivery of gas into the export market through the Nigeria LNG ('NLNG') terminal. This will act as an interim outlet for gas monetization and work is currently ongoing to make the necessary pipeline modifications to enable gas sales to commence in 3Q 2025"

Fingers crossed...

Great posts everyone. It's also easy to forget about ANOH. I can't recall exact production numbers (Seatank may be able to help on that) but I know it does create a good bump in sales and Ebitda.

It sounds like everyone is frustrated at the delays in the OB3 pipeline, and Seplst is now sorting an alternative route to ensure it starts to flow ASAP

No I'd be extremely surprised. However I'm convinced another business is to be sold imminently. Can't see it being Germany so maybe UK. Flixbus could buy the UK and own the UK coach market.

Think it's far more likely though to be wedriveu. Profitable, growing, great clients and asset light. Think we would get a great price foe it too.

Wow.....that $200m divi projection equates to over 13% yield at today's prices........

Https://youtu.be/IJJX4fVaO3Y?si=A7MJf473pG_DfJAu

The programme to resume production from idle wells across the license commenced during the period. At period end, approximately 11 kboepd gross production capacity has been reinstated from the idle well restoration programme. This has been achieved from 10 idle wells, that could be accessed directly from certain existing platforms. The jack-up barge has now moved to well work activities and commenced well interventions after the period end. Combining both platform and well work barge activities, we are now targeting production restoration work on over 50 of the idle well inventory in 2025.

Wow. What a great set of results. Net debt down, production strong, operating costs good, divi up.....and confidence. Well done seplat team

Seatank.....its almost like you have an inside track.......Well done on you divi increase projection :)

It looks like wedriveu is doing well if my maths is correct. In H1 North America delivered $21.4m ebit out of £71m total Ebit.

Even if north america did the same in H2.....this means North America has done £42m for the year. This is unlikely as the q3 update suggested h2 showed good growth for North emarica.

Given the sale document says schools has done £9m ebit for the year.....this indicates Wedriveu could be well in excess of £33m ebit for thr year!

As I say this assumes H2 North America shows no growth on H1 which is unlikely. In fact in the q3 update it says

"WeDriveU revenue increased by 29% on Q3 23 following new contract wins (notably Longwood and Uber) with WeDriveU benefitting as some customers consolidate their supplier relationships and concentrate on the best performing providers"

Am I correct here?

If they were going to do a RI they could have got it away before this at 55p + SP. I agree I think its far more likely we see other sales to deleverage. Uk coach business or wedriveu? Not sure how much they would be worth?

Looking at it from the other side...... I wouldn't pay anywhere neat $608m for a return of £9m ebit?

On the face of it it is certainly less than I expected. I fidnt realise that school bus contributes only £9m to ebit though. Guess that's a reflection of the huge capex that goes in every year

Sorry just realised that I said we need quarterly updates. Apologies.....of course we already have them! It just feels so long since we had any update that I forgot they exist!

There were clearly no accounting / opinion issues. Either they are awaiting something else (hopefully positive) or they are giving them as much time as possible on 2025 guidance.

Agreed. We need a quarterly update even if its just operational.

They have sufficient liquidity without selling NASB hence no desperation to sell. If they were only achieving those numbers it wouldn't be sold. Interest rates forecast to reduce again next month as economy slows.