Seplat Energy Plc appointed Canaccord Genuity and Peel Hunt as its UK corporate brokers.
They will collaborate with Citigroup Global Markets to strengthen European investor relations.
Heirs Stake Spurs Trading
Recently, Heirs Energies bought a 20% stake from French company Maurel & Prom.
As a result, trading surged and investors quickly showed renewed interest.
On the London Stock Exchange, investors traded over 1.1 million shares in early January.
This figure nearly matches December’s total of 1.5 million shares.
Meanwhile, on the Nigerian Exchange, investors exchanged over 1.8 million shares so far this month.
December recorded approximately 2 million shares traded on the NGX.
Read Also: Fortis Rakes In ₦5Bn Profit On Property Revaluation In 2024
Consequently, Seplat shares rose 11.26% on the LSE and 6.23% on the NGX this month.
Furthermore, on January 7, investors pushed the stock up 10%, reaching ₦6,171 with over 566,000 units traded.
New UK Brokers Appointed
Canaccord and Peel Hunt bring deep European investment banking experience to Seplat.
Specifically, Canaccord operates in London, Paris, and Dublin, while Peel Hunt is UK-based.
Analysts remain bullish. Zedcrest values Seplat at ₦8,049.46, implying a 38.6% upside.
Positive Sector Outlook
The Heirs Energies transaction included 120.4 million shares sold at 305 pence each.
Additionally, Nigeria’s energy sector shows improvement.
Crude oil theft fell to a 16-year low.
Key projects like the AKK Gas Pipeline and ANOH gas plant boost investor confidence.
With new brokers and growing investor interest, Seplat appears poised for strong growth in 2026.
