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
  -0.25p -0.21% 116.75p 116.25p 117.00p 117.00p 114.50p 117.00p 149,372 12:02:35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 125.2 4.6 -4.5 - 387.56

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Date Time Title Posts
21/11/201709:37SOCO - The Endgame20,104
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 117p.
Soco International has a 4 week average price of 105.25p and a 12 week average price of 105.25p.
The 1 year high share price is 162p while the 1 year low share price is currently 105.25p.
There are currently 331,954,643 shares in issue and the average daily traded volume is 149,257 shares. The market capitalisation of Soco International is £388,386,932.31.
emptyend: Re #20069, in fact the share price is precisely where it was at the 2016 lows (120p)......a price that was shared with TLW for 2-3 days.Since then we've had a few pence of dividends - but you're right to note that OPHR and SIA have underperformed the rest dramatically. I am hopeful that a combination of events will enable a rapid catch-up....but that won't happen seriously until management get out there with a new story to tell the institutions. In the days/weeks that remain before that process can start (bearing in mind that the likely trigger will be a deal that has been flagged as "by year end") there is an opportunity for retail investors to get back in (unless, like me, they've held throughout the last n years)............... I know I've said similar things previously, but this time I believe they really are finally getting their ducks lined up to do things.
lauders: Let's hope this TMF piece from 20th October is "on the button" Profit growth Also offering a potential investment opportunity for the long run is oil and gas exploration and development company Soco International (LSE: SIA). The company is expected to grow its pre-tax profit from £4.4m last year to over £21m in the next financial year. This could help to improve investor sentiment in the stock after what has been a challenging 2017 so far. Its valuation has fallen by 27% since the start of the year, with there being little sign of a potential turnaround. However, with the price of oil rising this year and there being a prospect for a higher oil price in future, now could be the right time to buy Soco for the long run. Investor sentiment towards the wider oil and gas sector may be given a boost if OPEC supply cuts and higher demand cause the price of oil to rise. The company may trade on a forward price-to-earnings (P/E) ratio of 110, but with its rapid growth prospects it could deliver impressive share price performance. As such, it appears to offer upside potential for the long run. Http:// Is that P/E correct? Seems way too high!
emptyend: Looking back on the PMDR announcements (and the share price chart), it seems that the new Watts/Brown team bought around 400,000-450,000 shares between them just before they joined the company in February. And they will have paid around 150p per share.As with all companies, especially in this sector, the question for investors is whether they believe in the management. I'd suggest that their track record at Cairn and elsewhere gives good reason to be optimistic about reinvigorating the company..... and, given the timeframes indicated at the AGM and subsequently for potential transactions, there may not be very long to wait for some evidence.Of course some will prefer to wait for hard evidence but, with only perhaps 30-40 million shares not in institutional/insider hands, I'd suggest that any renewed institutional interest on the back of a deal could move the price quite substantially and quickly.No doubt the usual suspects will be keen to dismiss those thoughts, but I definitely think we are close to a turning point for sentiment and the share price.
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 !!
ed 123: Re: post 19864. Ramping, Richalert? It's hardly going to work here, imo. When the oil price rises some holders use that strength to sell into. Remember Emptyend's occasional reminders about how illiquid these shares can be? So, the oil price has been rising but someone sold 13,100 shares yesterday just before the close at a penny below the quote, then another 38,500 were traded in the closing auction at 115p (the day's low). Someone offloaded 8,357 shares this morning below 115p. Several days ago, someone sold in the closing auction down at around 111p. There seem to be stale bulls here (no surprise, eh?) who use any strength (either from ramping or oil price) to sell into. No one should be surprised. It's the same old pattern. There have been useful gains by some other oilers recently on the back of the rise in the price of oil. Soco holders will always be relative losers in these circumstances. Emptyend, (Sigh) (Yawn) If the water handling news is going to be so materially good, don't you think it would already have been indicated in a rising share price? Is the truth that, over the next few years, there will be an increasing water cut and rising operational cost per barrel? I've been away for a while and, looking back, I see that GreyingSurfer has achieved a 'badge of honour' for me. Eight upticks for his snipe at me (post 19795). I don't recall having achieved such a high score before. Thank you. For those who don't do the herding while losing thing .... if you look back to the hurricane posts and read on from there you'll see that Nigelpm (his post 19790) couldn't give a pertinent reply to my post 19788, so side-stepped it. Obviously, the occasional hurricane is not going to impact the long term price of oil. My post 19793 returned to the point I had made earlier and brought in part of Nigelpm's post. No, not misquoting at all, Greyingsurfer, highlighting the side-step of Nigelpm. Maybe it was too subtle for you? So where is Soco now, at a time when the Brent front month is priced at $58/59/bbl? It's not boosted its own oil production, not done any asset buying, not progressed any exploration. Stagnant. Yes, I've heard the defence that their Vietnam partners have slowed progress ….. but why has it taken so long/so much effort to achieve nothing at all in M&A? Do holders remember those times when a large number of non-execs sat on the Board? Did it reach double figures? They were supposed to be bringing their valuable experience and contacts to give Soco a M&A boost. What happened? Now, holders are told that two employees are dedicating themselves to M&A. For a cash positive oiler over the 2015/6 period, Soco failed abysmally. There were bargains to be had while overborrowed oil companies fought to survive. Today? Brent front month $58/59/bbl. Too late, Soco, you'll have to pay fully for anything today. If I were a Soco holder I wouldn't be looking forward to anything, save the retirements of Messrs Story and De Sousa.
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.
Soco share price data is direct from the London Stock Exchange
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