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
  +4.00p +3.48% 119.00p 116.60p 117.00p 117.40p 115.40p 115.40p 138,412 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 125.2 4.6 -4.5 - 395.03

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Date Time Title Posts
23/1/201816:16SOCO - The Endgame20,403
23/10/201713:55SOCO INTERNATIONAL32
18/7/201708:26SOCO INTERNATIONAL - Stifled Development151
17/3/201123:19Libya news23
17/3/201123:16Vietnam Is Important But so is Libya25

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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 115p.
Soco International has a 4 week average price of 105p and a 12 week average price of 97.75p.
The 1 year high share price is 157.50p while the 1 year low share price is currently 97.75p.
There are currently 331,954,643 shares in issue and the average daily traded volume is 205,675 shares. The market capitalisation of Soco International is £395,026,025.17.
kenmitch: Many thanks emptyend. When the share price fell to an unbelievable £1 I looked here to see if the long term Soco bulls were still posting and if so whether bullish with price SO low. Sure enough you provided convincing evidence so bought back then, and now you've posted even more convincingly. Even without any good news there just seemed/seems no logic in the share price doing far worse than the likes of Tullow.
emptyend: And here is another pointer. Brent is now at $68.....and, also relevantly, the oil price in sterling terms is now back at the level it was at back in November 2014 (close to £50) as you can see for yourself here:¤cy=gbpWhat's the relevance of the oil price in sterling? SOCO's oil reserves are priced on the stock market in sterling.So.......back in November 2014 where do you think the SOCO share price was? Tricky to be sure precisely - but somewhere NORTH of 300p.What's changed since then? Yes reserves were reclassified in Feb 2015 due to lack of an agreed work prog. But we now have the FFDP (and have had for nearly a year now). The OOIP figure for TGT didn't change in 2015 (though it did for CNV).... so the market should now be pricing in a reserves reclassification in the opposite direction to 2015 - but it isn't.Yes production levels are lower due to lack of recent drilling & investment. But what is the plan for next year? We are still waiting to find out.Yes the licence is now three years shorter. But we may yet see an extension of 5 years or more?I remind you all that the new exec management team loaded up at 150-160p last February. IMO, the current price is substantially wrong. Difficult to say exactly how wrong, given the lack of any recent info and pending the expected update......but I think "substantially" will do for now. I wouldn't rule out a doubling of the share price during H1.
lauders: nigelpm - Not very positive for the share price was it though! SIA are the pits at the moment and deep in them too! Probably a good time to buy, but they have been a MAJOR disappointment and just lost long term holders stacks of money. The dividends are a minor help in the grand scheme of things. I sincerely hope we have a turnaround here in 2018 and Rob's "new role" is the start. Certainly needs some upwards movement the share price chart is dire!
brwo349: This is a very strange share price chart for on oil producer. The share price keeps going lower as the oil price goes higher. The other producers have totally different charts in that they have recovered dramatically from the low points that corresponded to a $35 oil price.
ed 123: A bit more or less at Cabinda is not material, not going to make any difference to Soco's share price. It almost hurts the share price as people will think they've got nothing else to sing about. Closing auction uncrossed at 109p, the day's low. Efficient market at work again. A series of failed projects, lots of unfulfilled hopes, past problems with the partners on their major asset, nothing near term (and that includes the TGT water handling kit) to lift sentiment = share price disappointment. Soco's share price is at 109p for good reasons. Needs new CEO and Chairman, imo. Needs personnel and projects that give hope for the future. There need to be reasons for potential investors to buy the shares. Atm, there's nothing.
ed 123: NTV Yes, 116 and a bit pence, atm. A laggard in the sector. I think you'll know but anyway, the share price is reflecting the operational and corporate performances of the past couple of years. (Potential) Buyers of shares in oil companies have a fair number from which to pick. If you had fresh money to invest, would you put it into Soco (bearing in mind the recent performance of the company)? Where does it go from here? Die-hards here are convinced that Soco will buy some assets at a bargain price and the shareprice will go up as a consequence. Unless desperate for cash, no one is going to sell them something for less that it's worth. With the front month of Brent now at $58, about double its low and heading some say toward $70 medium term, Soco will have to pay up fully for anything they buy. My expectation is that, if Soco do make a big buy, the share price will dip to under 100p (if oil keeps below $60) - due to the price they'll have to pay, and some uncertainty as to how it'll turn out, plus likelihood of no dividend. If they don't make a big buy, then Soco continues to underperform the sector but without a sudden dip. Actual shareprices will depend to an extent on the oil price.
jotoha2: Based on that , sia share price should be around 170p , but then of course it's not TLW !!
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.
Soco share price data is direct from the London Stock Exchange
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