Tpharell:
In a sane system somebody will pay a hefty price for that Caverton “mistake” which is causing massive loss to investors.

How is that even a mistake, and how did regulators miss such obvious blunder?

Tpharell:

The Mobil divestment has largely been factored into Seplat current pricing, so don’t expect the sort of Oando bull when the deal is sealed.

Recall in 2022 president Buhari did approve the divestment and Seplat shares experience some bull back then, only for the same president to reverse his decision few days later in a move that clearly showed he was not on top of things as president and minister of petroleum

BullBearMkt:

What is the mistake made bro?

yMcy56:

Well said Boss.

KarlTom:
Smile 😊

Tpharell:

ositadima1:


All these look face comments. When your OGG comes here with his cocky ultimatums, none of you will try to temper his confidence. Even that BBM, many of his posts reek of overconfidence. Anyway, I know the game with you people. By the way, Ellahlakes seems to be doing a turnaround, unlike Caverton, as the initial poster rightly pointed out.

ositadima1:


All these look face comments. When your OGG comes here with his cocky ultimatums, none of you will try to temper his confidence. Even that BBM, many of his posts reek of overconfidence. Anyway, I know the game with you people. By the way, Ellahlakes seems to be doing a turnaround, unlike Caverton, as the initial poster rightly pointed out.

crownprince2017:


Na the person wey they compare caverton wey yahoo them with numbers with ellahlakes cause am...


No vex my oga..

ositadima1:


Oga ke, nobody is Oga in this market o, some of the so-called "Ogas" have been here for more than 15 years, yet they still engage in the same fights with so-called newbies. You would have thought that after all these years, they would have amassed fortunes based on their wonderful stock-picking acumen. Yet here they are, competing for space with us newbies.

No gree for anybody my brother, you fit dey do well pass all these old monikers.

ositadima1:


All these look face comments. When your OGG comes here with his cocky ultimatums, none of you will try to temper his confidence. Even that BBM, many of his posts reek of overconfidence. Anyway, I know the game with you people. By the way, Ellahlakes seems to be doing a turnaround, unlike Caverton, as the initial poster rightly pointed out.

crownprince2017:



We don't need their approval, we are not marketing the company, the reason I wasn't emotional with his comments, I don't buy for short term gain, I know what I bought, no matter the bad comment, once the numbers start to show, it will get the right attention it deserves.

Like I said, ellahlakes movement never start, let the right numbers show, oando movement will be child play..

No tension.

BullBearMkt:

...it is sometimes good to have comedian on the platform

mikeapollo:


Never say never.
Seplat can still experience a bull when the Mobil deal is officially sealed and announced as completed.
Some people said similar things about the Oando-ENI deal, but we saw what happened to Oando share price when the deal was signed/announced in London.

About the approval, it was NNPC that took Seplat to court over the Mobil deal, and obtained court injunction which halted the process and caused the delay.
The parties just had an out-of-court settlement recently on 30 May 2024 and the NNPC withdrew the case from court. A compromise was reached with NNPC having 70% in the JV (instead of the usual 60%). Seplat therefore has 30%.

So the application for Seplat-Mobil transaction began officially in June 2024 ; the PIA provides that ministerial approval should be given within 120 days if all requirements are satisfied

Agbalowomeri:
PMS price 999 in my hood this morning

E come be like anti-Christ mark 666

Sometimes ago, PMS was selling for 69

BullBearMkt:
...it is sometimes good to have comedian on the platform

Tpharell:

To help you, NNPC did not take Seplat to court as they had no issue with them whatsoever, instead they took their JV partner Mobil to court and got the extra 10% stake in the JV as out of court settlement compromise, a reduction in the stake of incoming Seplat which had not originally been factored in the transaction and market pricing.

Its not even up for argument that the deal started and was approved back in 2022 by Buhari, and Seplat did experience relative bull around the time. My point is many investors have already priced the Mobil acquisition in the current pricing so don’t expect the sort of Oando raging bull. Nobody said anything about “Never”, but it definitely and certainly cannot be like Oando, i can guarantee that.

Finally, everyone that is a keen follower of Seplat as I am knows the deal is inching close to finalizing, the president himself confirmed it in his speech yesterday.

yMcy56:
OANDO

https://doclib.ngxgroup.com/Financial_NewsDocs/42260_OANDO_PLC-OANDO_PRESS_RELEASE__CORPORATE_ACTIONS_OCTOBER_2024.pdf

Tpharell:

Predictably.
‘Cooking’ requires a great deal of time when it’s not the usual menu

Tpharell:
Predictably.
‘Cooking’ requires a great deal of time when it’s not the usual menu

yMcy56:

Lol.
I'll say it's more of plannings.....
But we must give it to O&O for living up to responsibilities now....
Something seems cooking maybe.

Tpharell:

To help you, NNPC did not take Seplat to court as they had no issue with them whatsoever, instead they took their JV partner Mobil to court and got the extra 10% stake in the JV as out of court settlement compromise, a reduction in the stake of incoming Seplat which had not originally been factored in the transaction and market pricing.

Its not even up for argument that the deal started and was approved back in 2022 by Buhari, and Seplat did experience relative bull around the time. My point is many investors have already priced the Mobil acquisition in the current pricing so don’t expect the sort of Oando raging bull. Nobody said anything about “Never”, but it definitely and certainly cannot be like Oando, i can guarantee that.

Finally, everyone that is a keen follower of Seplat as I am knows the deal is inching close to finalizing, the president himself confirmed it in his speech yesterday.

mikeapollo:


Thanks, for the correction. I mistook Seplat for Mobil.

Tpharell:

You’re welcome!

A big threat to Seplat’s expected “bull rage’ after the acquisition is sealed is the 100,000 shares deal rule.
Recall, Oando was a near ‘penny’ stock when it started it’s post acquisition rage. With Seplat there is too much inertia to jump because of that rule. Most times its on full bid for days or weeks waiting for what someone here called ‘divine intervention’.

godlyguy:
One company seems to be doing yahoo oil

Be wise