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SOU Sound Energy Plc

0.84
-0.007 (-0.83%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sound Energy Plc LSE:SOU London Ordinary Share GB00B90XFF12 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.007 -0.83% 0.84 202,865 16:35:04
Bid Price Offer Price High Price Low Price Open Price
0.802 0.878
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 4.97M 0.0026 3.27 16.29M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:17:09 O 31,085 0.8568 GBX

Sound Energy (SOU) Latest News

Sound Energy (SOU) Discussions and Chat

Sound Energy Forums and Chat

Date Time Title Posts
10/4/202409:30SOUND ENERGY PLC ►►►Focussed on the Mediterranean Area16,001
08/4/202422:21I BOUGHT SOUND ENERGY TODAY SO UNDERVALUED1,282
04/5/202315:00SOU - Sound Oil plc24,742
13/1/202214:56HOLD ON TO YOUR HATS ....IT'S ABOUT TO BREAK THE SOUND BARRIER !12
25/3/202116:18James Parsons619

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Sound Energy (SOU) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-19 15:17:100.8631,085266.34O
2024-04-19 14:55:230.8240,228329.87O
2024-04-19 13:56:430.8658,356499.99O
2024-04-19 12:29:000.881,1389.99O

Sound Energy (SOU) Top Chat Posts

Top Posts
Posted at 20/4/2024 09:20 by Sound Energy Daily Update
Sound Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker SOU. The last closing price for Sound Energy was 0.85p.
Sound Energy currently has 1,915,955,549 shares in issue. The market capitalisation of Sound Energy is £16,285,622.
Sound Energy has a price to earnings ratio (PE ratio) of 3.27.
This morning SOU shares opened at -
Posted at 08/4/2024 22:21 by telbap
I agree, but phase 1 will price the pudding. Then we will be able to go for the dessert wine and the coffee. :)
Posted at 15/2/2024 14:15 by telbap
On some points I agree with you, however, always an after market rns possible. I have not researched if any of the current board have personally bought any shares in sou. - in their positions would I buy shares in the company I work for when the very action I do every day earns me shares through my remuneration package? Hhmmmm one to ponder on right? Ask yourself the same question?
Posted at 07/2/2024 18:44 by napoleon 14th
At last - life in this old dog yet!
Off "X"

Sound Energy
@soundenergyplc
·
4h
Approximately 5km of production tubing and well head equipment received ahead of the next stage of the well completion operations on our gas production wells next month

#mLNG #transitionfuel #SOU
Posted at 03/1/2024 12:42 by napoleon 14th
Strange share price behaviour if SOU is be ready to produce soon.
I gather Morrocco is helping local gas producers as much as poss.

Patience required!?
Posted at 27/12/2023 12:54 by ohdearohdearohdear
Looked it up. But found nothing?

I'm guessing "truely" is "truly"? Which becomes:

"You truly are a corner".

Now i know what a corner is, but i am struggling to understand how a person can be a corner...truly or otherwise. Please explain. Ta.

Meantime, the SOU share price further down i notice. 2024 will finally see the end of the Company sadly :-(
Posted at 04/12/2023 18:54 by jaknife
steelwatch,

"Aye, but after that £250k conversion, there's only £250k left outstanding and, since you posted JakNife @ 13:16, see RNS today @ 14:26:"

No!

That's how much of the principal that's left outstanding but there's also a huge chunk of accrued interest that needs to be dealt with. Let's go back to the original RNS:




"The first tranche of the Convertible Notes comprises £2.5 million with a fixed conversion price of 2.25 pence per ordinary share, a premium of approximately 28% to the closing price of 1.76 pence per ordinary share on 12th June 2023."

^^ This paragraph is designed to sucker in retail punters with the implication that the loan will be converted at a share price of 2.25p. However, you have to carry on reading to get to the skank:


"Upon conversion, interest shall be rolled up and paid as if the Convertible Notes were held to the redemption date (being five years from draw down), with such interest convertible at the lower of the applicable fixed conversion price and the average of the five daily VWAP calculations selected by the Investor out of the 15 trading days prior to the conversion date."

The interest rate is 15% and hence, for every chunk of £250,000 of convertible, interest will accrue of:

£250,000 principal x 15% interest rate x 5 years = £187,500

Furthermore, the conversion price for this is linked to the current VWAP (Volume Weighted Average Price) rather than being fixed at 2.25p.

Hence, after the last £250,000 of principal is converted, there will then be another £1,875,000 worth of shares to be issued and the price at which those shares are issued is largely irrelevant to the convertible investor because they will forward sell the shares that they expect to receive thus creating the VWAP price at which they are then converted.

JakNife
Posted at 04/12/2023 13:16 by jaknife
telbap,

"Well it’s clear the MMS have zero stock, who would sell at this low price? It’s now a waiting game for the eventual value to out and if you have the nerves, buying more at these low low prices."

Have you not been reading the RNSs? Sound have a death spiral loan and the death spiral loan investor sells £250,000 worth of shares EVERY month. Just last Thursday they RNSd the latest share dump:



There are still oodles of shares for them to sell, after they've sold the shares arising from the principal element of the bond they then have the shares to sell from the accrued interest element of the bond and they're the ones that get converted on a VWAP basis!

JakNife
Posted at 04/9/2023 09:15 by jaknife
The death spiral convertible was first issued on 13 June:



It's 12 weeks later, the share price has fallen 46% to 0.95p, and just £1m of the death spiral has been converted. There's the remaining £1.5m principal part of the convertible to be sold and then the £1.875m interest component.

So if it takes 12 weeks to sell £1m worth of shares then it'll be another 18 weeks to sell the £1.5m principal component and then another 23 ish weeks to sell the interest component of the death spiral.

On the back of an envelope that means that the death spiral holder will be selling shares until the end of May next year. So expect a relentless share price decline for at least another nine months!

JakNife
Posted at 01/9/2023 12:30 by b33661
Who is the seller?In the good ole days, when this share price went up most the time instead of down there used to be completions or sweepstakes about the Xmas share price and stuff like that.There's a big consistent seller out there who keeps selling day after day at close to new lows. They clearly think they see an issue you lot don't. So why don't we have a sweepstake as to who the seller is? I suspect it will become obvious in the next couple of months....
Posted at 26/8/2022 09:03 by b33661
European gas is now trading today 30x or 3000% higher than normal. The fact the sou share price sits at or close to all time lows says everything and all you need to know about the market's faith in the ability of management to score an open goal opportunity here....!!!!
Sound Energy share price data is direct from the London Stock Exchange

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