Share Name Share Symbol Market Type Share ISIN Share Description
Soco International LSE:SIA London Ordinary Share GB00B572ZV91 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00p -1.41% 140.00p 140.00p 140.50p 142.75p 138.00p 142.75p 128,232.00 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 145.8 5.6 -7.0 - 464.74

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Date Time Title Posts
20/2/201703:24SOCO - The Endgame19,222.00
13/6/201615:23SOCO INTERNATIONAL - Stifled Development150.00
17/3/201123:19Libya news23.00
17/3/201123:16Vietnam Is Important But so is Libya25.00
06/8/201011:46Why the 75% fall ??11.00

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Soco Daily Update: Soco International is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SIA. The last closing price for Soco was 142p.
Soco International has a 4 week average price of 144.75p and a 12 week average price of 150.12p.
The 1 year high share price is 179.75p while the 1 year low share price is currently 115p.
There are currently 331,954,643 shares in issue and the average daily traded volume is 159,771 shares. The market capitalisation of Soco International is £464,736,500.20.
emptyend: Not quite right, richalert. The FFDP has only actually been finally agreed with PV towards the end of 2016. It has been quite close for longer, of course, but the issue (I suspect) has been where the relationship between the oil price and the PV budgetary cycle (a year ago oil prices, share prices and activity were still going down). PV set their budgets annually and there is little flexibility for a formal agreement to vary it in between times!What is expected,YASRUB, is an agreed forward work programme that will enable production to be raised. More particularly, it should (nb should) enable some of the reserves reclassification of 2014 (the one that trashed the share price) to be reversed. Remember that the reserves hit occurred largely because the was no forward commitment to drilling.....there was no reduction in the total volume of OOIP - just a reduction in the expected ability to extract it.I'd also like to hope that (reflecting the price-induced haitus that wasn't the fault of SIA....or PTTEP, really) there may also be a licence it is worth recalling that the share price prior to the Feb 2014 reclassification was around 250p (albeit with a slightly different set of expectations about future oil prices)
ed 123: Emptyend. Just to clarify, there was no personal attack from me. I put a question to you, viz: Wilfully looking in the wrong direction? As I'm sure you know, the point I was making was that the really important company specific matter for Soco just now is the content of that FFDP. The oil price will do what it does and is less important for Soco than for (almost?) any other oil company. Hence to talk about the oil price at this time seemed to me to be bordering on obtuse. Moving on, I genuinely hope my concerns about the FFDP prove to have been wrong. It would be good to see Soco's share price head up again, with exciting plans for the future. For me, atm however, there is too much resting on this long delayed agreement. I hope you have a good weekend and soon get the news you want.
flyinghorse1: EE, Regarding renumeration,the current schemes in my opinion no longer motivate management to delver outstanding performance.It seems to reward average performance.The LTIP cycle is designed to deliver long term strategy(ie post award hold period),but is now shorter term beneficial to recipients than to the current strategy and the likely restoration of stable high oil prices which are very long(imho). The common held belief is that SOCO share price is where its at due to oil price. Say the oil price was back at a steady $100 would we really be back at £3-£4/share,or what ever the returns adjusted price is. Dont forget many invested the returns back in at a high price relative to today,rather than keeping cash.(that would have been a good idea). Or would cracks in the management current delivery/ strategy appear if we did not rise back there. The part payment of money from mongolia and the 2 new wells has seen a rise of 10p- a long way and a lot of news to get to +£3 I am not saying management are bad but unmotivaated and greedy. I would like to see some energy about the company,move into a new product(gas),deliver sucessfully outside of Vietnam. Target a G&A reduction of 50% whilst still delivering. Introduce new blood and energy- our recent hopeful left. I really should not knock a company i hold a lot of shares in but a shake up is needed and overdue in my opinion esspecially on a rising tide. FH
kenmitch: I always try to see both sides of the argument emptyend and it has enabled me to invest very successfully too. I'm currently running an Investment Trust portfolio on Mike Walters site that started this April and is currently 27% up. Prior to that I ran a warrant and subscription share portfolio that nearly tripled before the number of warrants dropped to near zero and it had to be closed but still finished 100% up. . i.e whatever faults I have I am not an idiot and not an incompetent investor. Also you are the only poster I have ever lost my temper with. Perhaps that says something about you? Your posts here on Brexit were a classic example of a completely closed mind. You are always convinced you are right (e.g on the Soco buybacks at £4 or whatever and with the share price now nearer to £1 than £4) where you got it very wrong. Yes they also paid 74p or whatever in dividends, but that doesn't alter the obvious fact that buybacks at £4 haven't worked when the share price then drops over 50%. Occasionally buybacks work IF done in the right way and very few companies do that. THE notable exception is NEXT. I'm not going to reply re Brexit as it would be pointless. No point discussing with someone unable to respect a different opinion.
emptyend: kenobi,As we discussed if you believe that the worst is over now theres an arguement for moving some funds to shares which will move more as the oil price rises.It isn't a risk free option, but potentially more rewarding if things go that way.Yes - I've been tempted by TLW on a couple of occasions at 10-12p below the SIA share price. Then again, it has hit a 90p premium between those occasions and promptly reversed.For me th biggest risk in soco is that the licences, and to a lesser extent the oil, in vietnam is running out. We have partners with little appetite to expand production even at oil prices north of twice the current price. So how do we value SOCO ? are we just going to concentrate on Vietnamese producion and take divis ? if so what might that be worth over the next x years until the licences expire ? We've been over this ground many times. A number of assumptions are embedded in your comments. I am mystified as to why you hold the shares if you believe what you write, since you hypothesise a utility which has no upside, several sources of downside and no options.
norman115: It is small comfort to see that so far today the SIA share price is down by a smaller percentage than any of Cairn, Ophir, Premier or Tullow.
emptyend: I'm always amused by those who pretend that SIA share price performance is purely stock-specific, whilst simultaneously overlooking "minor" matters like a halving of the oil price. Presumably they assume everyone is just stupid.The fact is that over the last five years the SIA share price is down 55% - BUT that is an outperformance over the peer group shares such as PMO, TLW and CNE. And that is before adjusting for distributions to shareholders which have been substantially greater in SIA's case than the others - totalling 72p/share.Of course the recent share price fall has been very disappointing - but its roots are clearly in the oil price fall, without which plans for VN would have been further advanced and more easily agreed.
nigelpm: Yeah....didn't we have a little side bet on that? ;-) Yup. 13592 :-) emptyend 28 Nov'14 - 11:18 - 13592 of 13785 0 0 log/nigel....up to you of course. Lets see where they are in relative terms in 3 months' time. Conveniently, the current SIA share price is almost exactly double OPHR's (290.6 vs 144.3). You are edging it so far - will come back on 28 February.
stemis: According to my model the share price of SIA has almost exactly tracked the fall in the oil price (as adjusted for SIA's cash and operational gearing). Actually it would be 253p if it had done it exactly but 263p is pretty close. I see Morgan Stanley have said the oil price could hit $43 next year (I'm not saying I agree) so I thought I'd work out what the SIA share price would be if continued to track it - the answer is about 170p! (again, that's not a prediction).
emptyend: log/nigel....up to you of course. Lets see where they are in relative terms in 3 months' time. Conveniently, the current SIA share price is almost exactly double OPHR's (290.6 vs 144.3).
Soco share price data is direct from the London Stock Exchange
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