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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Soco International Plc | SIA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 61.80 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 61.80 | 61.80 |
| Top Posts |
|---|
Posted at 04/10/2019 09:58 by dunderheed 23043 yep they have really managed the business well here compared to their peer group who were similarly cash rich, during a period of very useful and innovative assets sales.Sia acquired "merlin" and changed their name. Well done boys (and gals), Take a big bonus. |
Posted at 03/10/2019 15:54 by buywell3 buywell3 - 01 Aug 2019 - 14:43:35 - 22877 of 23036 SOCO - The Endgame - SIAbuywell now has a call on this at 50p dyor buywell3 - 20 Dec 2017 - 20:28:37 - 20244 of 22877 SOCO - The Endgame - SIA Holders here better believe that OIL is going to hold over $60 That is in the face of USA fracking ... which should now get a Trump push in the new year Plus a UK fracking push by the Government to make us Brexit OIL EU independent Plus Electric car manufacturers falling over themselves to get their products to market as fast and as competitively priced as possible to win FIRST market share 99p by end of 2017 anyone ? Happy xmas |
Posted at 29/9/2019 01:57 by lauders Please just filter such posters. Makes life so much simpler not having to hear from them or see non-specific SIA posts in return!Missed this piece on SIA's results: Nothing new but a reminder that the 3rd rig will start work in October and perhaps we will hear some news on this in advance of the CMD? Probably not, but if they want to up the PR/IR would not be a bad idea. For the rest of the year, the two drilling rigs will continue work on new production and injection wells, with the aim of increasing production. A third workover rig will be brought in during October. Soco also said it was planning on shooting new 3D seismic in the north of the concession – although this is contingent on approval from the military and clearance of unexploded ordinance. Just calculated by position re: "return on my investment in SIA inc. dividends". Still well into the negative with an average of 374p. Still a long way to go till breakeven, let alone a profit! |
Posted at 10/9/2019 15:57 by knowing Couple of larger trades just appeared. Sbb hopefully it will break out from this range soon. Dividend yield is quite phenomenal at this price. |
Posted at 31/8/2019 03:51 by lauders Something good I hope oilinvestorAL! CTR is probably going to be correct given SIA’s awful “recent” track record. If a dividend comes that will help claw back some of my losses here. Perhaps JSE and SIA can do a deal one of these days. Both have Vietnam interests and the BOD there are younger and hence probably keener to progress. Let’s see if anything positive develops from Merlon acquisition! |
Posted at 19/8/2019 16:03 by emptyend Thanks for the useful summary. 91.8p it is.The first 2-3 payments were actually made as returns of capital, rather than as dividends (for some reason connected with taxation that I now forget).Note the dividend increases every year since 2016 - and also the precedent for an interim divi in 2016. |
Posted at 09/8/2019 12:32 by asagi > I wouldn't expect any individual wells in Egypt to be gamechangersme neither but I'm beginning to think that convincing the market that the company is on the path to raising production and that the dividend can be sustained for longer could be. I'd like to see them put Egypt well results out on twitter. Asagi (long SIA) |
Posted at 29/5/2019 16:02 by tomke22 My reading of the presentation is that 2019 is planned to be another 'stand-still' year. Vietnam production guidance is given at 6500-7000 boepd.The Seeking Alpha article below (posted earlier in the Thread) valued SIA at c£1.25 per share and raved on about the possibilities and the great Dividend yield. The market has given its verdict and valued it at roughly 50% of that value. This is not an "end-game" - it would be a kindness to put this thread out of it's misery and start a new one. The upside? The company was able to persuade a Bank to lend them money so hopefully the company will not go bust. The risks, that they use up to £250m on another acquisition and make a mistake. Regards Tom |
Posted at 21/4/2019 18:27 by tournesol Hi EE and othersI'd like to clarify my previous comment. Firstly I'm expressing scepticism not so much about Soco as about Mick1909's analysis. He said ...as long as oil stays around this level the dividend payment will only go up so naturally the share price will do as well so even 130p could be cheap by the end of the year…. I do not think that makes any sense at all. The healthy dividend has not stopped the share price from weakening over the past several years. It follows that it cannot be regarded as enough support to arrest the decline and reverse it. 130p by the year end would represent an increase of around 75% and would automatically reduce the dividend yield very significantly. That seems vanishingly unlikely to me. Would anyone apply the same logic to any other company paying dividends of 7%? Secondly, I'm not criticising the specific Egyptian assets recently acquired by Soco. I'm simply observing that Egypt is one of many less developed countries where things always take longer than you expect. That holds true even when you adjust your expectations. It might be that Soco's Egyptian project goes gang busters. It might be that great things happen in VietNam. It might be that there are other new initiatives that prove transformative. But it seems unlikely to me that any of those possibilities can be expected to drive an increase of 75% in the share price by year-end. Thirdly, when I said things would not come right anytime soon I did not mean never, just not as fast as Mick suggested - ie that a 75% increase by year end was unlikely. Having said all of the above, I would be delighted to be proved wrong. I have a soft spot for Soco and have done reasonably well out of it over the years. I'm quite happy with my two holdings in the E&P sector but Soco is always on my watchlist so I'm ready to change my mind at any time. It certainly does not look exactly over-valued at present. It's possible that I'm feeling grouchy about Egypt because I've had an unsatisfactory experience with SDX where I recently exited with a loss of about 40%. Perhaps Soco will overcome the difficulties which have clearly exceeded SDX's management capacities. Good luck to you and other holders. One day I might rejoin you. T |
Posted at 15/2/2019 09:48 by kenmitch Thanks for that very interesting post tournesol.Coincidentally I hold the same shares (along with BP) and you've summarized the key points so succinctly. Luckily in profit with all of them (except Soco) with PMO a recent buy. Also hold Diversified Gas and Oil and dividend is 14% at my buy price with very high chance of dividend increases too. Well worth checking out. Hurricane as you say is at a pivotal stage. A lot of overplayed concern right now about the rope when main requirement is simply a calm sea.. which will come in due course? Soco? Only holding for the dividend and outside chance of a bid, and because the dividend yield looks high enough to limit the downside. I hold a lot of bombed out big dividend paying UK shares (some commentators claiming they are the cheapest for 30 years) and am wondering whether just to ditch Stocko which has way underperformed my other dividend shares since the start of the year. (e.g AVIVA 7.7% Paypoint 9% Legal and General 6.5% Phoenix 7% housebuilders BDEV and Persimmon 10% (including specials) Somero 6.2% and positive update recently so divi hike with results?) Rio Tinto 5.5%. Standard Life 10% if held (and news of big seller today possibly a buy opportunity?). HSBC 6%. Lloyds 5.5% These yields are current and not what I'm getting. e.g Legal and General bought after Brexit vote and now up 50%, and BP and HSBC bought a couple of years ago on big dips and luckily near their lows, so yield for me is sometimes much better. Ditto for Diversified Gas and Oil. I realise this is totally off topic - but no more so than the endless Brexit posts here at the time of the referendum. I've posted it partly because of the hostile reaction to any of my posts from the established SOCO posters here who think all my posts (especially so on buybacks!) are rubbish. A few readers keen on dividend shares might just find this rubbish one worth following up! I also realise that anyone can post about their investment successes after the event and that's what it looks I'm also doing in this post. BUT as some here will know I have posted on all of these shares on a subscription bb at the time of buying, and have frequently updated on them too. , |
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