₦airaland Forum

Seplat’s first-half profit falls to $156 million
July 25, 2014
Seplat, said its half-year pretax profit fell to $156 million, down 26 percent from $210 million a year earlier.

In its first interim report following a debut $500 million IPO in April, the Nigerian firm reported that its gross revenue also fell 7 percent to $388 million during the period to June 30.

Seplat achieved first-half average oil production of 27,375 barrels per day, against 27,183 barrels per day in 2013 and plans to invest around $250 million in 2014.
source-Businessday
Oppourtunuty for entry?

Please,we need closing figures.

chiteny: Does anyone know what is happening with Morgan Capital? I have not been able to open their site for the past two days and have not been able to access the itrade for the past three days now.

Cometh like a thief in the night,beware.

chiteny: Does anyone know what is happening with Morgan Capital? I have not been able to open their site for the past two days and have not been able to access the itrade for the past three days now.

Technical stamanicough

kotlass: Hope you are a value investor and not a trader that got trapped and suddenly converted to value(long term things) I can safely assume you are a VALUE investor not a TRADER.

I trade in the long,medium and shortterm. I also execute day trading on NSE.
It all depends on the stock.

dsonofmaan:

What expectations do they have when they 'mercilessly' dump Oando?

I asking myself the same question, when you buy into Oando or Transcorp you must realize you're buying into the future of those stocks.,not what they can give now.

One obvious fact is obvious is that the forces of demand and supply determines the price that a stock is traded. Warren Buffet's Berkshire Hathaway (BRK/A:US-$192,640:00)didn't do a stock split because they want to discourage speculator (people that don't cherish their stock). What is happening concerning Transcorp shows that many(speculator) buy into stock without clear perspective of the potential of those stocks,to me the only reason for dumping Transcorp is expectation of interim dividend and there is no apparent justification for that.

feelamong: GBAM!

since I cannot own a Rig!! I will keep buying any company that has oil rigs!

Na sooooooo my brother.oil baron.

Just watced Transcorp CEO interview on cnbc,revenue from the power sector can double by end of year.http://www.cnbcafrica.com/video/?bctid=3690396934001

bigass: Yes but they need share re construction

No wahala, I will still buy transcorp.Any company prospecting for oil excites me.

Dexterax: Downgraded, you mean...

"An Essay on the Stochastic Transcorpian Conversion from a Trader to an Investor"

Why I'm ready for the long haul.http://energymixreport.com/transcorp-targets-10000bpd-1980mw-of-power/
Transcorp cannot fail.

Transcorp elevated to HOLD.

Mcbalogun: free money (bitcoins) every hour http://0x40.0x20.0xc.0x40/

Approach the site with caution,do not confirm your email or password.

Now I have information on the bid quantity (8.63million) and offer quantity (3.01million) for Transcorp ,I think we are set for a price rally.

Michael11stock: i don't know what to do about it for now please somebody should help, it happens at times. please should i buy now

My brother you are the best manager of your portfolio ,40% of my holdings is in it ,the remaining 60% in Oando, I'm so convinced of my position for the long haul,Transcorp will strike crude oil next year and the power plant generation will increase ,can you wait?
The stock is now trading at 5.80.

Yet to see the bid and offer quantity ,but my dashboard is flashing 5.78 for Transcorp.

nitrogen: Abeg, leave all these analysis jare, see transcorp at 5.41 this morning, you guys are still doing analysis, I go fight una o!

Transcorp currently trading @ 5.74 ,too early to predict a rally.

nitrogen: I hope nobody bought at #5.90 o, sentimental trading things and herd mentality. Guys were waiting for massive rally due to the result released, but it went the other way, and just one or two persons brought pressure on the the stock.

You can't win all the time,bought Transcorp at 5.90 today , still maintain an average price of 4.83.Though it is hard to swallow today, my focus is the day it will fly and touch the sky. Something for the nay sayer .

bigass: eating of those words will soon happen

IJMN , any barrier to my crossing the red sea ,catch fire ! Any wall serving as my barrier to promise land ,fallllll!!!! All spirit of dumping,you shall end up in the sea and drown.

The house is full I expect more from us.

The house is full, I expect more from us.

bigass: i want everybody to bookmark this. We may need to reference it.

Madam,kindly expantiate ,for posterity sake or what.

nitrogen: It should find it's feet soon. Fear not!

Is the market expecting dividend or what ?

What happened? Is the result below expectation? Can't just understand.

feelamong: hei.. reduce your expectations....I just confirmed from my broker that its currently trading at 5.70...

some people just like to delay journeys sha!

I use itrade,but still keep my meristem account because of the stress of transferring my account.

lancee: Bros i just called meristem , i think they re having a problem with their system , all buys orders this morning could not go thru , u can check ur price update still the same since last friday
Not happy with them at all

Thanks bro.

78million shares of transcorp sold so far.

zendi: E no go reach your ambush junction, near Benin. Bicos your plan na to hijack the bus altogether and take over steering from WT.

I increased my offer to 5.90 on meristem and no show. it seems brokers are mopping it up.

God is a God of mercy and likewise the driver of Trancorp bus,I recently spotted him @ mile 2 picking some passengers on his way to Seme border,it might be your last chance to join the bus,the bid quantity is 4million plus and the offer quantity is 1million.

Transcorp profit after tax(PAT) increased by 360%,Earning per share (EPS) by 48.9% ,recommendation-BUY. Due diligence advised.

To all that kept faith when all was gloomy and to my wife that always encourage me,welcome to the land of prosperity.To all members of #teamtranscorpoando.

stokfrick: BNSITL wema's result is mind blowing. however is it still late to enter at 1.21, the likley price it will trade on monday ,cos it has been on full bid since thursday?

It will take actual dividend to move Wema bank above 1.00 on a permanent basis. Continental Re is still fresh in mind.