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SIA Soco International Plc

61.80
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Soco International Plc 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
  0.00 0.00% 61.80 61.90 62.40 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Soco Share Discussion Threads

Showing 25701 to 25719 of 27750 messages
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DateSubjectAuthorDiscuss
11/5/2018
10:20
Hi tournesol,

Good timing !
OT : I've pm'd you with an enquiry re Enterprise Oil and HUR, hope you don't mind.

ATB
extruder aka feste (TMF)

extrader
11/5/2018
09:51
I mis-timed my re-entry when I bought at 117 in October. But I think the worm is turning now so I have just topped up at 104.

Fingers crossed.

tournesol
11/5/2018
07:15
All the RNS difference reflects, Lauders, is that PMO have a more diversified and bigger portfolio and very much more clarity about what they are trying to do and where. Their "big deal" was done in a distress situation when they were widely expected to go bust - and they managed to time the oil price turn well enough to survive and perhaps (probably, with the latest price rise) prosper.In contrast SOCO were hamstrung on their main asset at that time (due to partners having got overstretched and blocked all capex) and have, since last year, still not initiated the new strategic direction with their own kick-off deal. Tempus fugit.The impact of leverage is also important, given that the total production of PMO is about 10x SOCO's.....very easy to carry a massive debt burden when you can throw off lots of cash from operations.
emptyend
10/5/2018
18:50
I think it has been said by most and agreed in general - the market is currently ignoring SIA as current operations are viewed conservatively due to partner alignment, production limitations and the life left. I believe the last year has been frustrating in the sense no real tangible progress in revamping the company to initiate interest by the wider market has been achieved. Who knows how many what if instances have occurred but the current management must be under pressure now to give a clear path forward. Sitting in the armchair being the expert is easy but these guys are being paid well and by some of the job titles should have some idea what should be done.
yasrub
10/5/2018
16:25
Just to finish off with whole day stats for the comparison with PMO: Over 70x as many PMO shares traded as compared to SIA. Share prices now near identical, so say 65x the sterling amount traded for PMO vs SIA.And yet the market cap of PMO is little more than double SIA's (partly because they have a big chunk of debt).This suggests to me that the market is getting "risk on" again for oil shares and buying the leveraged bets first.
emptyend
10/5/2018
08:57
Ditto, also not to mention that soco may become a takeover target. Oil majors are looking for faster ways to bring new production online. Greenfield projects take too long, mergers and acquisitions may prevail in the short term
tyler19
10/5/2018
08:51
More for me the realisation of the existing position with regards to cash flow with oil at $75 + premium - an RNS that lays that out will focus some minds. There's also the right to the upcoming dividend.
nigelpm
10/5/2018
08:48
Appreciate the tip Lauders. NigelPm, I’m also accumulating but am a little wary of soco’s recent past. Still, feel the price is significantly discounted for the risks. Like you I think it only needs a little good news to get the share price going. I suspect some positive drilling results may be a start
tyler19
10/5/2018
08:33
I've topped up (once again) - I definitely agree there's likely to be a step change very soon here.
nigelpm
10/5/2018
07:47
2.5 million PMO shares traded in the first 45 minutes this morning. And only 16,000 SIA.Do investors know that SOCO is also an oil company? Smaller company, sure, and less liquid for traders - but the fundamental drivers are the same.
emptyend
10/5/2018
07:17
Not really fair to suggest there has been a major need for patience. Certainly true patience has been needed over the last year, but in general things moved at a reasonable pace pre 2015, if not always in a direction that ultimately proved productive. Since 2015, the reorientation problems have been very similar across the sector - and all companies have struggled for newsflow when opportunities to create it have been cash-constrained. At least there is an agreed FFDP being worked through now for TGT......developing the core asset may not be transformational, but it is essential and positive progress.
emptyend
10/5/2018
07:08
No worries tyler19. The amount of people who get it wrong the first time has left me complacent these days ;-) You can edit your post by clicking the "edit" icon to the right of your name when you post too, just for your reference ;-)

No news again from SIA today. One day we will have a surprise just as we did with the Kuwait news a while back. Patience, patience! But a GREAT deal needed with SIA!

lauders
10/5/2018
06:30
Should read lauders and not landers
tyler19
10/5/2018
06:15
Landers, looks like we finally may be there. With the collapse of the Iran nuclear deal tensions in the Middle East will only go one way, unfortunate as that is it’s likely to keep oil prices elevated for longer. Dare I say, I can see the oil price above 100 sooner than later. I’m assuming that the Americans want to reduce Iranian influence in the Middle East and not just to denuclearise Iran. I can’t see that happening without further military actions in places such as Iraq and Libya or even air strikes on Iran. Looks like geopolitics will govern for a while. The Americans will probably build a case for action over a couple of years.

Also, with hindsight the collapse of the deal with Kuwait energy may be a blessing.

tyler19
10/5/2018
01:46
Its about time we had a day or two of 10% gains......

Darn right EE! Only please make it 20-30% as I have a long way to go before recouping my capital. The dividends will help but we need NEWS!

s34icknote - Probably a very good buy. If a had stacks of free cash at hand I would probably top-up at these levels too. Alas... I don't, and I am not selling any of my other longer term plays to provide funds either.

lauders
09/5/2018
22:13
....well I wish I'd sold the lot in the only two days when the share price edged over the old money £23.60 I had in my model as fair value.....waaaaay back. Only KMcK sold up there out of those I know......but perhaps a near neighbour also?More importantly, realisations at today's oil price will be very close to $80.......and yet the shares are cheaper than when oil prices were under $30.Its about time we had a day or two of 10% gains......
emptyend
09/5/2018
14:38
@Sicknote,

"Last time I sold at 140p doubling my money. That's old 140p before consolidation and the run to twenty of quid . Wish I had long term patience like EE .
Sicknote"

Yep did similar albeit slightly larger profit margin having bought in 30's - sold as I was heading overseas to work for the ensuing 10 years...

Wish I had long term patience like EE as well.

fangorn2
09/5/2018
14:17
Bought in this morning Needs to play catch up with oil !Hi EE Last time I sold at 140p doubling my money. That's old 140p before consolidation and the run to twenty of quid . Wish I had long term patience like EE .Sicknote
s34icknote
08/5/2018
20:04
...an unnecessary eco-witch…

Now who is that a description of?

tournesol
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