Omo, e be like say Seplat Energy don change hand as dem waka comot major investor, Maurel & Prom (M&P). E don clear say M&P no get share for Seplat again, dem don sell 120.4 million shares to Heirs Energies for correct USD496 million. Na wetin dem just announce for market!
Dis deal no be small, as e mean say Heirs group dey hold 20.07% of Seplat now. E be like say M&P wan focus on oil and gas directly after dis sell, plus dem don praise Seplat say dem believe say the company go still dey thrive under di new oyinbo people.
Maurel & Prom don dey with Seplat since 2010, and dem don do plenty for di company growth, but now dem don pack their bag comot. M&P CEO, Olivier de Langavant, talk say di investment wey dem do don bring good returns, so no wahala there. Na di money matter wey be say dem go start receive in installments based on di performance of share price.
As for di losers for di market today, abrdn Property Income Trust don fall like say na wahala dey ground. Dem drop 9.6% cause house price growth for UK don cool down pass wetin dem expect. Nationwide talk say house prices increase don drop from 1.8% to just 0.6%, na di lowest since April 2024.
To follow am, for di market end today, Seplat Energy wey dey gas and oil sector don gain 4.1%, landing at 295.75 pence, while abrdn Property don dey suffer. Wetin we sabi be say overall market for London small-caps no dey too stable, e get winners and losers, but na so di market dey go.
Wetin we go fit take away from all dis, be say investment matter fit change sharp sharp, and for dis kind market, e good make you dey shine your eye well. E sure say Seplat Energy go continue dey grow, thanks to di new owners and di direction dem wan carry am go.
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