Latest news with #RogerBrown
Zawya
3 days ago
- Business
- Zawya
Seplat Energy Chief Executive Officer (CEO) Joins African Energy Week (AEW) 2025 as Nigeria Accelerates Gas-Driven Growth
Roger Brown, CEO of Nigerian independent oil and gas company Seplat Energy, has been confirmed as a speaker at African Energy Week (AEW): Invest in African Energies 2025, taking place from September 29 to October 3 in Cape Town. His participation underscores Nigeria's gas-led strategy to drive industrialization, boost power generation and attract investment across the energy value chain. In recent years, Seplat Energy has solidified its position as a key enabler of Nigeria's just energy transition, advancing low-carbon oil and gas developments that unlock value for local communities. The company recently announced plans to revive over 400 idle oil wells across 11 blocks, is advancing the $650 million ANOH Gas Processing Plant – slated to produce 300 million cubic feet per day – and has ramped up output through its $1.28 billion acquisition of energy major ExxonMobil's local subsidiary Mobil Producing Nigeria Unlimited. The deal, which received federal approval in 2024, effectively tripled Seplat Energy's production volume and secured major stakes in prolific onshore and shallow water assets. Marking a significant step forward in Nigeria's oil and gas sector, Seplat Energy's acquisition of Mobile Producing Nigeria Unlimited in 2024 saw the company gain a 40% interest in four oil mining leases and associated infrastructure, including the Qua Iboe oil terminal. Additionally, Seplat Energy assumed at 51% stake in the Bonny River natural gas liquids recovery plant. These strategic additions are expected to significantly enhance Seplat Energy's production capacity and operational capabilities, solidifying its role as a major player in Nigeria's upstream sector. In Q1, 2025, Seplat Energy reported a 350% year-on-year revenue increase to $809.3 million, fueled by higher hydrocarbon volumes and robust gas sales. The company is currently producing over 131,000 barrels of oil equivalent per day and has maintained over 11 million man-hours without a lost-time injury, demonstrating its operational excellence and safety culture. Seplat Energy's financial strength and strategic positioning have also enabled generous shareholder returns, including a 28% dividend increase for Q1, 2025. As Nigeria pursues a future powered by natural gas and homegrown innovation, Brown's participation at AEW: Invest in African Energies 2025 is expected to showcase emerging opportunities for independence energy companies in West Africa. During the event, Brown is expected to explore how the country is leveraging its vast reserves – over 200 trillion cubic feet – to secure energy for its population and position itself as a gas powerhouse in Africa. 'Seplat Energy's expansion of its gas portfolio, infrastructure investments and acquisition strategy serve as a blueprint for sustainable, inclusive growth, The company's aggressive investment and development strategy is expected to unlock significant value for Nigeria, as the country seeks to unlock the true potential of its oil and gas reserves,' states Tomás Gerbasio, VP Commercial and Strategic Engagement, African Energy Chamber. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Distributed by APO Group on behalf of African Energy Chamber.
Daily Mail
6 days ago
- General
- Daily Mail
EXCLUSIVE We lived happily in our house for years... but a horrendous decision from our neighbour has cost us £50k - we've been forced out
A couple have been left distraught after their neighbours house started to be turned into an HMO - which left people defecating in an alleyway near their home and knocked £50k off their house. Roger Brown, 67, and his wife Gail, 64, have been plagued with weeks of builders leaving them feeling unsafe and at their wits' end. The couple, from Shepperton, Sunbury-on-Thames, have lived in their three-bedroom terraced house in a residential street for 45 years. Now they fear the neighbourhood of local families could be torn apart by outsiders moving into a house of multiple occupancy (HMO). As contractors work to transform their next door house, the couple are constantly fighting against disappearing tools, ruined views and even people defecating in the alleyway near their family home. Roger told MailOnline: 'They stole ladders from my garden to use. They have been going down in the alleyway and doing their business there, both ways. They are sh**ting out here.' He said he and his wife's lives have been turned upside down and hit out at the council for failing to protect them as they confessed they can barely work they're so worried. But there appears to be no easy way out for the couple, who claim they are being forced to sell up their much-loved home, losing a small fortune in the process. Roger, a health and safety trainer, added: 'Work started [but] we had been given no notification. It's being turned into a six-bedroom HMO. 'They have been working there [for] three weeks. They have extended the downstairs now it blocks out the light. And while the change of view is upsetting the 67-year-old, Roger revealed a more horrific reality that is upsetting both himself and his wife. Roger slammed the local authorities and said they have been unsupportive. He said: 'The council has been next to useless. We are very stressed over all this. We don't know who will be living here. It's horrendous.' Because of the disruption, Roger says he and Gail are considering moving but are concerned about the impact on their house price - another worry that is too much to take for the hexagenarians. The health and safety worker said: 'We are going to sell. We are being forced out. An estate agent said we will lose £50,000. 'My wife won't feel safe because we don't know who we will be living next to. 'We were in shock. We felt sick. My work is suffering because of the stress I'm going through. 'We have been totally let down. It's wrong. They cut through an expensive fence. All those things add up. It's too much to bear and we don't need it in our time of life.' A Spelthorne Borough Council spokeswoman said: 'The work is being overseen by an Approved Inspector not Spelthorne Borough Council's building control team. Unfortunately, this means the Council cannot intervene from a building control point of view. 'A planning enforcement officer visited the premises but based on the evidence his view was that it would fall within permitted development rights. 'The officer therefore advised that no action could be taken from a planning perspective and that this would also apply to a change of use to an HMO (planning permission is not required). 'The Council was later advised by an Approved Inspector of works that the enlarged property will be used for a six-unit HMO. 'This does not need planning permission but will need an HMO licence. The Council's Environmental Health team has sent out an application pack, but no application has been received yet. 'Unfortunately, the legislation does not allow for public consultation on HMO licence applications or for neighbours to comment or object. 'In January 2025, the Council's planning committee approved an Article 4 direction to withdraw permitted development rights for change of use to HMOs across all wards in the borough. 'However, this will not come into effect until at least the beginning of next year. Going forward this means planning permission will be needed for HMOs but will not prevent applications being submitted or being granted or allowed on appeal. 'The issue with regards the lack of toilet facilities for the workers has been addressed.'
Yahoo
30-03-2025
- Business
- Yahoo
Institutional investors may adopt severe steps after ARB Corporation Limited's (ASX:ARB) latest 3.2% drop adds to a year losses
Institutions' substantial holdings in ARB implies that they have significant influence over the company's share price A total of 11 investors have a majority stake in the company with 50% ownership Insiders have bought recently If you want to know who really controls ARB Corporation Limited (ASX:ARB), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 50% to be precise, is institutions. In other words, the group stands to gain the most (or lose the most) from their investment into the company. And so it follows that institutional investors was the group most impacted after the company's market cap fell to AU$2.7b last week after a 3.2% drop in the share price. Needless to say, the recent loss which further adds to the one-year loss to shareholders of 19% might not go down well especially with this category of shareholders. Also referred to as "smart money", institutions have a lot of sway over how a stock's price moves. Hence, if weakness in ARB's share price continues, institutional investors may feel compelled to sell the stock, which might not be ideal for individual investors. Let's delve deeper into each type of owner of ARB, beginning with the chart below. View our latest analysis for ARB Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. We can see that ARB does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at ARB's earnings history below. Of course, the future is what really matters. Hedge funds don't have many shares in ARB. Our data shows that Bennelong Funds Management Group Pty Ltd is the largest shareholder with 12% of shares outstanding. In comparison, the second and third largest shareholders hold about 6.1% and 5.9% of the stock. Roger Brown, who is the third-largest shareholder, also happens to hold the title of Member of the Board of Directors. Looking at the shareholder registry, we can see that 50% of the ownership is controlled by the top 11 shareholders, meaning that no single shareholder has a majority interest in the ownership. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Shareholders would probably be interested to learn that insiders own shares in ARB Corporation Limited. This is a big company, so it is good to see this level of alignment. Insiders own AU$211m worth of shares (at current prices). It is good to see this level of investment by insiders. You can check here to see if those insiders have been buying recently. The general public, who are usually individual investors, hold a 41% stake in ARB. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Many find it useful to take an in depth look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
15-03-2025
- Business
- Yahoo
Non-Executive Director of ARB Roger Brown Buys More Stock
Those following along with ARB Corporation Limited (ASX:ARB) will no doubt be intrigued by the recent purchase of shares by Roger Brown, Non-Executive Director of the company, who spent a stonking AU$1m on stock at an average price of AU$33.13. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 0.6%. View our latest analysis for ARB In fact, the recent purchase by Roger Brown was the biggest purchase of ARB shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is AU$33.41. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the ARB insiders decided to buy shares at close to current prices. ARB insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them). For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that ARB insiders own 7.6% of the company, worth about AU$211m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders. The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest ARB insiders are well aligned, and quite possibly think the share price is too low. One for the watchlist, at least! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for ARB. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Zawya
04-03-2025
- Business
- Zawya
Nigeria's Seplat plans up to $320mln in spending as new assets drive production
Seplat Energy plans to invest up to $320 million in new wells and infrastructure this year, aiming to more than double its oil output to as much as 140,000 barrels per day following its acquisition of Exxon Mobil's Nigerian assets. The company secured government consent last October to acquire 40% of four oil mining leases and associated infrastructure, including the Qua Iboe export terminal, and 51% of the Bonny River natural gas liquids recovery plant previously owned by Mobil Producing Nigeria Unlimited, Exxon's local unit. This acquisition is a large part of the projected production increase, which could take the company's onshore and shallow water oil output from an average 48,618 bpd last year to up to 140,000 bpd, with the former Exxon assets contributing 60%. "This year we will focus on re-opening previously shut-in wells in SEPNU (the former Exxon assets), alongside another full drilling campaign for our onshore assets," Seplat CEO Roger Brown said while announcing 2024 results. The company reported profit before tax of 379.4 million up from last year, revenue of $1.116 billion, up 5% from the year before, year-end cash at bank of $469.9 million, and net debt at year-end 2024 of $898 million. International oil companies shut in much of their onshore and shallow-water oil production in Nigeria following years of sabotage and disputes with local communities over leaks. The company also plans to drill 13 new wells onshore this year and complete its ANOH gas plant.
