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 +1.53% 132.50p 131.75p 132.25p 133.25p 126.00p 126.00p 140,694 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 125.2 4.6 -4.5 - 439.84

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Date Time Title Posts
25/5/201720:04SOCO - The Endgame19,456
13/6/201616:23SOCO INTERNATIONAL - Stifled Development150
17/3/201123:19Libya news23
17/3/201123:16Vietnam Is Important But so is Libya25
06/8/201012:46Why the 75% fall ??11

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Soco (SIA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-05-26 15:35:16132.5013,70518,159.13UT
2017-05-26 15:29:46131.755673.78AT
2017-05-26 15:29:42131.75911.86AT
2017-05-26 15:27:52131.75284374.17AT
2017-05-26 15:27:52131.75716943.33AT
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Soco (SIA) Top Chat Posts

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 130.50p.
Soco International has a 4 week average price of 126p and a 12 week average price of 123.25p.
The 1 year high share price is 168p 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 218,553 shares. The market capitalisation of Soco International is £439,839,901.98.
ed 123: Hi Gengulphus. Just to explain my response .... I was intrigued by the wave of selling late yesterday. Looking at the LSE print, the tipping point for the price was about 2:40pm (the last trade at or above 139p). At that time only about 85k shares had been traded over about six and a half hours. Then over the next two hours another 350k were traded and the price went down about 9p at worst, closing about 8p down. Everyone following the stock would have wondered, why? Possibly a negative event, not yet rns'd? Possibly a short-selling attack? Any other reason? I would expect everyone here to understand the normal price drop on going ex-dividend and the possibility of switching a potential income into a capital event by selling cum-dividend. The question really was, does anyone out there know of a negative event (unplanned shutdown of TGT, for example). If not, and if no other explanation, then it begins to look like someone simply wanting to offload a good volume of shares. As I saw it, it was never a question about taxation detail. Your taxation detail would help someone new to stock market investing but didn't provide an answer as to why there should suddenly be a strong bout of selling Soco shares for the final two hours of a session. Looking at today's trading too, I am coming to the conclusion that someone thought, in the last two hours before the stock went ex-5p dividend, there would be enough buying support to get a worthwhile volume of sells away. Soco is now ex-dividend and there is no(?) expectation of good news (possibly save for a response to an OPEC decision?). Expected earnings for this year are only 1p per share, possibly rising to 8p per share for year end 31/12/18. P/E ratio of 52 current year, falling to 18 next year for a mature business looks expensive. Unless the directors accept a bid (but unlikely? - more likely they spend on some acquisition or other?), there is little risk of the share price moving up by much. I think this is probably it, a planned use of the ex-dividend event to offload a useful volume of shares. Btw, I've given your taxation answer an uptick. :-)
redartbmud: Citywire AA-rated value specialist Alex Wright has sold down his stake in frontier oil and gas explorer SOCO International (SIA.L) after its shares climbed sharply off a recent low. Wright previously owned 17.2 million shares in the business and sold down the position to below 5% of the share capital - a level which does not require disclosure. The shares are currently trading at 145.3p. The shares are primarily held in his £3.1 billion Fidelity Special Situations fund, with a smaller position in the £638 million Fidelity Special Values fund. SOCO is up 12% from a recent low of 127p. Trading in the company, which holds exploration and development rights in Angola, Vietnam and the Democratic Republic of Congo, has been unsurprisingly volatile through the commodity slump. The most recent share price rise followed an announcement that after two years of minimal activity it would restart drilling in Vietnam. Investec cut its target price at the end of April from 155p to 145p, rated hold.
tournesol: 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. No rush.
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)
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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