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
  -1.50p -1.02% 145.75p 146.25p 146.50p 147.25p 145.25p 146.25p 121,878.00 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 145.8 5.6 -7.0 - 483.82

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Date Time Title Posts
05/12/201610:03SOCO - The Endgame18,957.00
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 147.25p.
Soco International has a 4 week average price of 136.11p and a 12 week average price of 138.01p.
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 207,664 shares. The market capitalisation of Soco International is £483,823,892.17.
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.
invisage: Ed I would'nt buy Soco at 125p - everyday that passes Soco is worth less because everyday you get another set of costs funded by depletion of producible reserves so effectively the company is worth less that then it's intrinsic value back in June. Also don't forget we get ever closer to the production licences expiring, the Vietnamese government know this hence the reason they have been dragging their feet on FDP. Soco is a busted flush - The smart money left in the Boom years. When Dana's Tom Cross or Encore's Alan Booth sold up a few years ago during the boom years quite a lot of investors thought they were selling on the cheap. But in hindsight what a master stroke those sales were. It is those kind of managers that earn and deserve their salaries, because they have the foresight which many others lack. As for my calls I just try to share my work with others, if I can help others and they make money then it is a win win. Wishing you sold more - you would say you you wish you sold less if the markets rallied higher. My view on this is when markets have a good run it is worth taking money of things that are overstretched, I tend to take profits from cyclical companies and hold onto my defensive shares. I don't short. Shorting is actually very hard. My view in the current market conditions is it is worth having more money in the markets then out of it, even if we have short term volatility. Long term markets more often then not go up. You just have to pick good stocks with effective management, rising revenues, profits, cash flow with good growth prospects and decent profit margins on modest PE's. Although PE's are'nt as important as is buying a VERY GOOD company which can be expensive to buy, but I'd rather buy an AMAZING company at a high price then a mediocre business at a wonderful price. It beats me why investors look for stocks in beaten down stocks, you tend to find the down trending going nowhere type stocks. ONLY buy up trending stocks. In the current economic environment growth is rare, long gone are the days when you can make 10-20% per year in the stock market year in year out. Therefore when you can buy quality stocks that pay 3+% they are very special indeed, they do most of the work for you with that dividend you only need a modest rise in the share price to beat the mass populous. In the long term quality and MOMENTUM win's the race NOT VALUE. If you hold the quality stocks long enough your dividends increase and eventually you get a substantial payout on your original stake.
ed 123: Yes, it was a good call of yours, Invisage, to take some money out of the market. I did a bit of that myself but, looking at today's closing prices, I wish I'd done a bit more. Anyway, if I feed cash back in below my exit prices, I'll have edged ahead of the market. I've no present plan to buy Soco shares, btw. It's not cheap enough for me at around 140p. Everything else being equal I would look at it at 125p - but only as a short-term punt. If any Soco fans can tell me a good reason to buy the shares, I'd like to hear. Anyone remember this? .... The HLJOC is preparing a revised TGT full field FDP, which is expected to be submitted and approved in Q3 2015. It's a quote from Soco's Trading and Operations Update of 29 January 2015. Holders are still waiting for the plan and that is one of the reasons for the recent poor share price performance, imo. How can anyone feel confident buying the shares when the partners in the biggest asset seem not to be in agreement? Btw, Invisage, don't worry about the snipers here. It's only their banter. I think they must secretly respect you for your good calls. Have a good weekend, everyone, holders and non-holders :-)
emptyend: One other thing to explore would be the reasons behind the recent relative price weakness. Quite recently TLW's share price dipped below SOCO's on three occasions - and now it is nearly double. Neither company has released any fundamental news justifying the relative directional moves, so it must have been prompted by the recovery in the oil price. I suspect that some institutions have sold SOCO to take on more highly-geared positions in TLW/PMO (PMO has more than tripled since its suspension). Whilst that may have been a good move from a trading perspective (and it was one that even I considered for a time), the risk/reward for maintaining it now looks much worse. So the question is: what are the main operational milestones going forward that may be catalysts for the share price? (Obviously TGT FDP, especially if it surprises on the upside.....but also Cabinda, work plans on 125/126, Mongolia receipts, special divi quantification etc......and then the perennial matter of M&A)
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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