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
  -1.60p -1.82% 86.50p 86.60p 87.00p 89.10p 85.70p 89.10p 271,337 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 115.6 -96.0 -35.3 - 287.14

Soco Share Discussion Threads

Showing 26501 to 26525 of 26525 messages
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DateSubjectAuthorDiscuss
18/10/2018
17:55
Agreed with Ken. Fine not to RNS but twitter feed on website would be good compromise.
nigelpm
18/10/2018
16:24
Sound advice, Kenobi. I'm sure Billy will take note.
emptyend
18/10/2018
15:54
yes I agree EE, but you can't use twitter to release information about about the company, even if it's not judged important enough for an RNS on a twitter handle that very few know about. I'm not suggesting that they run adverts during the superbowl, just list it in their contact info, or send this info out to those subscribed by email too. They shouldn't and they shouldn't want to. Surely if you're taking the trouble to push out info you want the widest coverage possible as pay back for your efforts ? Best to get it out there, and if you're using twitter, best to publicise it, at least on your website K
kenobi
18/10/2018
15:21
Not exactly my favourite source of information which is why I don't subscribe, but....Https://www.shareprophets.com/views/38885/i-find-it-hard-to-understand-why-soco-international-is-so-cheap-buy Sometimes it is hard to fathom why a company with strong fundamentals continues to be unloved by the market, and for me that is very much the case with SOCO International (SIA) at the moment, and has been for some time now. Lately the share price has slipped and is now trading at around the 88p level, and whilst it has bounced around 10% from the recent low of 80p that we saw, it still seems incredibly cheap at a market cap of just over £300 million, especially when you consider the current strength in oil prices. Gary Newman, the author, has always been a SIA bull from what I know. Now if SIA were to just let the market know about ANY good news via an RNS perhaps the share price would react?
lauders
18/10/2018
15:18
As you know, some companies (facing a similar problem and using the same PR company) have used a website FAQ. Others also have their Twitter feed on their website. The latter seems more appropriate in this case, IMO. I think all these things are evolving. As you know, the existence of discussion boards makes people voracious for news in order to have things to discuss and debate. And if they don't get it then people start arguing about Brexit or using advanced Kremlinology to read things into previous RNSs that actually don't exist (and which people quickly come to view as a "truth" which they then cease to challenge). Or indeed to question the bona fides and parentage of the management or board. Basically bulletin boards abhor a vacuum of information......so when there is some small piece of real news it is best to get it out there, I think.
emptyend
18/10/2018
15:16
It's interesting that they don't even quote the twitter address anywhere obvious like the contact page, or down at the bottom, where it says we don't have a facebook page. Perhaps that helps explain how they manage to have 54 followers ! (I appreciate they have only been tweeting a short while) K
kenobi
18/10/2018
14:44
It is my belief (based on some recent exchanges and some knowledge of the way their advisers operate) that Soco have changed their approach to putting out small items of news, so keeping an eye on the website and the Twitter feed seems sensible. What will be interesting is whether the CNV sidetrack outcome merits an RNS or just a tweet..... You raise an interesting point. I can't find the news on the website, only the tweet. I can understand the basis for only issuing RNSs for notifiable news, and social media for small updates - but I would have thought it should be on the web as well. I have suggested they might consider doing so.
greyingsurfer
18/10/2018
12:53
There is no doubt the company are currently far more active - social media, recent interview. I welcome this activity in that they obviously believe they have something tangible to say and compared to its peer group SIA still seems low profile.
yasrub
18/10/2018
10:59
Hi Peter,Yes that is the way it is going. Companies will have different approaches to this but I think that (in an industry where speculation plays such a big part in investment) there is a real need to put out facts that, otherwise, investors would never get to know. When it comes to dealing with the same news in the context of the full year results, the well outcome will get much less attention (and certainly no comment of the economics).It is my belief (based on some recent exchanges and some knowledge of the way their advisers operate) that Soco have changed their approach to putting out small items of news, so keeping an eye on the website and the Twitter feed seems sensible.What will be interesting is whether the CNV sidetrack outcome merits an RNS or just a tweet.....rgds
emptyend
18/10/2018
10:53
Fair points. Starting to look very good for some upside here.
nigelpm
18/10/2018
10:50
It's not insignificant to soco so should be RNS'ed IMHO.
nigelpm
18/10/2018
10:50
It is a matter of materiality, Nigel. Basically this is a positive piece of "ordinary course of business" news but it isn't a needle-mover.I am 100% behind getting such info into the public domain and, if advisers deem that such news (in isolation) doesn't warrant an RNS, then Twitter at least gets it out there instead of leaving people wondering whether the well was a failure. I'd much rather there was some hard news for people to follow instead of a vacuum filled by conspiracy theorists.One striking point here is the payback period for the well costs. I hope that PV take these economics on board and raise their drilling rate in the 2019 capex budget when they set it in a month or so.
emptyend
18/10/2018
10:47
I think they could probably argue that as one more production well it didn't need RNSing. However, it does seem a little strange they think it's worth tweeting, but not doing an RNS for. Perhaps that's the modern world? Use social media for small news that's not seen as regulatory? I don't mind that, but perhaps some guidelines need establishing? Musk might have benefited from that!
greyingsurfer
18/10/2018
10:41
Shouldn't they have put out an rns?
nigelpm
18/10/2018
10:18
From twitter: SOCO International plc ‏ TGT- 16AP Well flow test results: choke 34/64”, gaslift 1.0 mmscfd, oil 1,202 BPD, water 7 BPD, gas 1.27 mmscfd, THP 691psi, BHP 1798psi, THT 46 degC At this rate and an oil price of $85/bbl payback of well costs is effectively less than 4 months
greyingsurfer
18/10/2018
10:13
Late payments is an issue which is being eliminated. Improving environment now.
emptyend
18/10/2018
08:09
Indeed. It did make me laugh - the huge excitement of trying to link the Egyptian assets to the SQZ north sea deal which is not only completely different politically but designed to take advantage of SQZ's huge tax credit balance.
nigelpm
18/10/2018
08:08
Interesting to spot Merlon on the group of assets ripe for takeover/amalgamation in one of the slides in SDX's presentation yesterday.
greyingsurfer
18/10/2018
08:04
Whoever takes them will need a balance sheet that can withstand late payments from the Egyptians, that's what led to Circle losing their assets to SDX. People were doing a read across from the SQZ deal and licking their lips about the possible impact on the SDX share price But I did point out that dilution had to be on the cards, while SDX is throwing off cash, it would need a stronger balance sheet to pull this off.
haideralifool
18/10/2018
07:50
Sdx has walked away from acquiring bp's Egyptian assets. I wonder if soco will consider.....
nigelpm
18/10/2018
07:22
Seen it so many times in the past as well. Stocks sitting at levels which seem ridiculous. Annoying part of it is sometimes the market is right but usually it isn't. Take comfort that if we are wrong here we weren't the only ones who got it wrong.
nigelpm
18/10/2018
02:14
nigel - Not much helps the share price when it comes to SIA! This is definitely one UNLOVED company at the moment. Even a higher oil price isn't doing much good. Need the patience of a saint that is for sure.
lauders
15/10/2018
19:45
Malcy doing a good ramping job on this now - not helping the share price though ;-)
nigelpm
15/10/2018
09:22
https://total-market-solutions.com/2018/10/15/malcy-talks-oil-gas-part-v/Very bullish Malcy on #SOCO first company on...
burtond1
12/10/2018
13:22
It will be interesting whether PV are prepared to increase activity in 2019. Ed Story agreeing to the recent interview indicated that perhaps there is now light at the end of the tunnel and there is tangible activity.
yasrub
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