Flash Equity Report /
Nigeria

Seplat caught in the middle of yet another court case; still a Buy

  • Seplat finds itself caught in a US$78mn court case with Zenith Bank, having only recently resolved one with Access

  • No impact on operations expected, but the risk of more liabilities cannot be ruled out as we saw in the Access Bank case

  • Seplat has healthy cash and balance sheet, but reoccurring debt issues with company's Chairman raises governance issues

Seplat caught in the middle of yet another court case; still a Buy
Janet Ogunkoya
Janet Ogunkoya

Senior Research Analyst

Tellimer Research
11 November 2021
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