SEPLAT IPO..to buy or not to?

Seplat the indigenous Nigerian oil and gas company is set to IPO on the Nigerian and London Stock Exchanges in two weeks (April 4)

More information can be gleaned below
file:///C:/Users/USER/Downloads/Seplat%20Petroleum%20Intention%20to%20Float%20RNS%202014.pdf

The company will probably come to market as a $3 billion dollar company, so the number of shares outstanding will determine the price in Naira.

For example if the company has 1 billion shares outstanding it will probably price at N495 per share or $3 bn (N495 billion) / 1 billion.

My investing thesis is that this will become a $9 billion - $11 billion by 2016-2017, based on their oil, gas business and potential for further acquisition as well as pristine balance sheet and pioneer tax status.

This is also a good dividend play. The company paid a cash dividend of N16.5 per share in 2013 ($.10 a share @ N165/ dollar).

My advise to investors is to go with these professionals at Seplat.

The stock will be listed on April 4 (two weeks time), so start getting ready your firepower (Nairas....)

My 0.02 cents.