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
  +0.00p +0.00% 97.00p 96.50p 97.00p - - - 0 05:30:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 115.6 -96.0 -35.3 - 322.00

Soco Share Discussion Threads

Showing 26126 to 26149 of 26150 messages
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DateSubjectAuthorDiscuss
20/8/2018
07:14
Oh dear... Failure to deliver once again... Let's hope it is simply people writing signatures slowly rather than something more fundamental.
robs12
08/8/2018
11:00
But also 6 less months remaining on the licenses (down 5%?).
stepone68
08/8/2018
10:45
At the start of February, the share price was around 115p - and the GBP/USD rate was 1.43.......equivalent to $1.64 per share. Now the share price is 96p and the GBP/USD rate is 1.29......equivalent to $1.24 per share.So.....for USD-based investors......the shares are 25% cheaper. Back at the start of February, the oil price was $70. Now it is over $74.Back in February, the most recent (Jan) guidance on 2018 production was 8,000-9,000 boepd (vs an outturn of 8,276 in 2017). Currently (thanks largely to drilling delays) 2018 guidance is 7,400-8,200 boepd.So (remembering that the company is a USD-earner):- shares down 25% in USD terms- production guidance down c.7%- oil price up 6%- African assets off the books- H1 revenues of over $93mn....so say, prospectively, $182mn for the year (which would be 17% more than 2017, despite the lower production).- Historic yield of 5.5%; 2018 profits likely to be c. $27mn (should get better steer on 20/9 with interim results), with scope to raise dividend further out of cashflow...........if I was a USD based investor (or bidder), I'd think that looks quite cheap.
emptyend
06/8/2018
08:26
...yes ....all correct, Steve. The capital cost was a factor at the outset and I believe that Talisman paid part of it in order to secure access.
emptyend
06/8/2018
08:00
The original lease would almost certainly have included a large chunk to pay in full the capital cost of the FPSO (unless this was paid separately - I can't recall), as well as the ongoing OPEX (and some profit for Bumi). With the actual cost of the FPSO now fully paid, the contract extension just needs to cover ongoing OPEX (which will probably be a little higher than before since there's likely to be more maintenance required, etc), plus a profit to Bumi. In addition Bumi lose the ability to redeploy this FPSO elsewhere, and will need to cover this "cost". But unless the JOC can maintain (or preferably increase) production rates, the $/bbl cost will continue to increase. All credit to the subsurface teams for ensuring the production can be maintained beyond the original expected term...
steve73
06/8/2018
07:41
I think the previous contract amount is published on the internet but, without knowing all the terms, one can't work out the bottom line impact.
emptyend
06/8/2018
07:20
The reference to lower lease rate which equates to $47.5m per year over the 6 yr contract do we know what kind of saving this is ?
yasrub
06/8/2018
07:06
Shame to see no further details. Perhaps a matter of politics or protocols re the JOC (as it is their contract), but clarifications would be welcome re compressor work and the arrangements for capacity-sharing (if any)
emptyend
04/8/2018
13:06
....ps...sorry 6+ years (distracted by the cricket....)
emptyend
04/8/2018
13:00
....forgot link.....http://www.upstreamonline.com/live/1548398/vietnam-extension-for-bumi-armada
emptyend
04/8/2018
13:00
FPSO extension signed, apparently on Friday - so RNS Monday. Looks like a 5+ year deal with some form of option element (nb comment re "firm")......What will be interesting is which aspects SOCO focus on. I'll be interested in comments re production capacity (re the adjacent block) and obviously I'll be expecting some comment about the compressor remediation work.
emptyend
03/8/2018
14:17
empty words Sub a quid and dropping further chartwsise if OIL drops further
buywell3
03/8/2018
07:53
I would be following a simpler approach.....look at the revenue change, adjust for any capex differences, and assume profits and cash change pro-rata.
emptyend
03/8/2018
07:25
I think it's fair to say that after a discussion with a board member several years ago I formed the opinion that one poster on this bb was somehow connected to the company.
eggbaconandbubble
03/8/2018
07:15
Jotoha, I couldn't agree more!
eggbaconandbubble
02/8/2018
21:55
Sure production cost circa $15pb. Would expect cash to be much higher. I expect maybe the revenue has been declared but cash not yet in the bank. I hope thats the case!
general george
02/8/2018
21:44
...and ps....the revenue number is gross, before operating costs
emptyend
02/8/2018
21:43
Primarily the capex costs, but cash is just cash and there may be timing impacts from lifting of cargoes, tax payments or whatever.
emptyend
02/8/2018
21:35
Can anyone explain... 2017 YE cash was $137.5m End June 2018 was only $130m? Revenue was $93 for this period. Plus 23m paid out dividend. Shouldn't Soco cash be much higher? What have I missed?
general george
02/8/2018
12:47
Johoto is your description about Soco or aminex
ronwilkes123
02/8/2018
12:34
Jotoha, this is a bb not a news site or magazine. There is no editor!
greyingsurfer
02/8/2018
12:30
Soco could be worse it could be aminex and have it’s current woes Robs
ronwilkes123
02/8/2018
12:08
Egg bacon, clearly the editor here is either in love with this company or he is being paid to slant his views , as far as I can see he is misguided in his views , okay there have been periods in the past when this company made PI some money , but not for the last 4 years , and he has never acknowledged that the company now is in a mess , it's value is falling month on month , and will continue down this road , am told by city insiders that they see the management as inept !
jotoha2
01/8/2018
22:28
I would like to thank you Emptyend, for your contributions over the years. They were and are much appreciated.
wdkeyes
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