||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Soco Share Discussion Threads
Showing 24001 to 24025 of 24025 messages
|What's also quite interesting is the range Soco is exhibiting on a daily basis - been quite easy for a while to buy low, sell high on a daily basis and make a few % after all charges.|
|It's silly for the reasons I stated. I'm happy to keep buying.|
|We need oil price increase and /or production increase for the share price to move - pending any further exploration.|
|... former shareholders are equally as bad as ex-smokers ....
Ed 12327 Mar '17 - 12:46 - 19347 of 19347 0 0 (Filtered)
|But why is it silly?
The company is going to invest in something - some exploration and some production? As is normal, the exploration is most likely to result in a write-off of the expenses. There will be expenditure aimed at boosting TGT. Ok, but it will cost and will take time to come online. Also, there may be some buying of production elsewhere. When the oil price was $35 and falling, a good bargain might have been won. Less chance now, and a gamble on the future oil price.
So, over the next couple of years .... less cash flow paid back to shareholders as dividends and uncertainty over what exactly they intend to do and what level of future production they will achieve. Why do you think that's attractive?
Reserves? Either the market gives credit for reserves or it gives credit for the stream of cashflow till the licence expires. You won't get both - it would be double counting.
Overall, I'm not surprised it's around 130p in the market. With a bit of general market weakness (lowered Trump expectations in the US, or a summertime correction) Soco could dip under 120p, imo. We'll see.|
|This weakness is getting a little silly -
£120m of cash.
Market cap - £433m
Effectively paying £320m for £37m of annual cash flow from ops - in a terrible year for oil.
That's before you consider reserves etc..|
|POO not helping, and it looks like it will remain on the soft side for a while.|
|Yes, I think the fat lady is just warming up her vocal chords on HUR re Halifax never mind actually starting to sing yet. A LONG way to go on that before a declaration of unbridled success. Hope springs eternal though.......|
|....I'd rather have something that actually flowed....|
|Now if we could just have a HUR type discovery here please!|
|Quite likely fh. What they won't be considering is moose pasture exploration.|
|I suspect SOCO are looking at some of the potential divestment from the Shell/BG deal. These are likely to be of far higher quality than any distressed asset sales.
Things that come to mind are Myanmar.|
|Did it go through the P&L account? I don't recall there was a provision for it?|
|Without the sale of the Mongolia asset the loss would have been much bigger
Which begs the question
What asset around $50M is left for sale in 2017 ?|
|The Hess deal was 2002: http://www.hlhvjoc.com.vn/hoanvu/en/hse/content/1/about-us.html...possibly some aspects didn't complete until early 2003?|
|At a current offer of 133p the dividend yield announced this week stands at 3.76% which isn't too bad. Depends if any other payments are made later in the year. If so year will be over 5% at least (?) so on a risk/reward basis SIA may start to appeal to others I suppose. May even consider more myself at this rate to bring my average down. There are some who say that is NOT a good policy to follow (averaging down that is!).
PS - EE would you please add a link to SIA's website in the header?
PPS - The table on page 14 of the presentation post results looks interesting. Just wish they had included the sums paid for the businesses mentioned before disposal. Just for the record and to be fully transparent. Here are a couple of posts from the wonderful Davjo (RIP) back then that sums up some points: Http://boards.fool.co.uk/a-potted-history-7854952.aspx and Http://boards.fool.co.uk/bits-n-bobs-mongoliathailand-6527695.aspx
Found the HESS acquisition mentioned at the top of page 63 here: Https://www.rns-pdf.londonstockexchange.com/rns/8429c_-2006-5-11.pdf
I can only find one acquisition RNS from 2003 and it doesn't seem to be HESS related? Http://www.investegate.co.uk/soco-international--sia-/rns/acquisition/200304100841008657J/
Here is the OPECO one: Https://www.socointernational.com/news_88
Lastly the 2012 Soco Vietnam stake: Https://www.socointernational.com/proposed-acquisition|
|anyone got the VW average price for the last couple of days?
|I have added to my position, it was difficult to put through a straightforward buy order with my cheap online broker. SIA seems to be unloved but the prelims to my mind were positive, always good to receive the outstanding debt - at last it looks like some alignment on TGT, a not be sniffed at 5p divi and some potential with Congo. Big IF but should SIA catch some excitement available stock seems to be limited.|
|Came here to post and Redhill had posted something similar! Sold nearly half mine in early January at 159p as frankly had got fed up with Soco, it had a decent run up in December and I'm bearish on the oil price. Turned out to be one of my better decisions this year.
Was looking to buy back in about 125p but I actually don't think we'll get that low again and after more positive recent results I'm thinking about buying some more at this price. I'm still bearish on oil though which is holding me back, but less so at $48 than I was at $53.|
|After selling 75% of my holding in the 150/160p range on nervousness last year I've been buying back recently around the 135p range. Seems to me the risk/reward ratio looks to have improved with recent updates and the prospect of perhaps re-booking some reserves over the next year would potentially give a step-change to the share price|
|Not that I particularly want to encourage you, tournesol (big enough to make your own decisions ;-)), but I do think there is a risk of waiting too long. I recently bought some for a relative at 131p.It would only take some institutional interest to get the price firming up. I suspect there isn't a vast supply of stock out there at these levels.I can't imagine that many people expected to see a 5p dividend this time....and the process of monetising Congo has been underway for some months and is arguably not fully in the models. Deals can happen at any time.....for all we know they may have some lined up (given the comments about a short window of opportunity and the recent business development expansion).|
|The price hasn't touched 120 since the pound devalued post EU referendum. 130 has been the low since then more or less.|
|FWIW I'm considering buying back in here.
I sold my previous large holding a few years ago. I've recently bought back into a few E&P's:- PMG, HUR, SDX and AEX. (I decided that discretion was the better part of valour and exited the latter after just a few months for a decent short term gain. I might well go back in when there is more visibility of the situation at Ntorya.) My holdings are all relatively small by historical standards - 1% in PMG and HUR and 5% in SDX All are motivated more by the long term strategic outlook for the co than by short term share price movements. All of these companies have management that look pretty solid to me which is a sine qua non.
SIA also has management that are completely solid, has no debt and low risk assets which are cash cows. The share price is looking undemanding and I have little doubt that a purchase at current levels will be profitable.
I'm mainly holding back because sentiment seems pretty disaffected and it is entirely possible for the price to come back towards 120 as it has done several times previously.
|Hi Lauders,Unfortunately it is very difficult to repair the damage of very mistimed purchases that were't cut early enough. At least in SOCO's case they will have paid out about 80p per share to holders in recent years - which is pretty material.There are very few examples of companies in the sector which are now trading above their share price of three years ago - so the great majority of holders are under water, unless perhaps they have been topping up heavily at the lows.SOCO is still pretty near its lows, primarily because people are preferring other companies that they think have better growth prospects. They might be right, of course.....but I'd suggest that SOCO know what they are doing in VN at least.I've mostly taken the approach of doubling up on share price weakness when initial investments have been mistimed. It has served me pretty well, though I've been so overweight here for so long that there has been no topping up here! If I had no position here or even a modest one, I'd be topping up as long as I was happy with the oil price outlook.rgds|
24 Mar 17 Jefferies International Buy 161.00 195.00 195.00 Reiterates
24 Mar 17 Barclays Capital Equal weight 161.00 - - Upgrades|