Soco Share Discussion Threads

[0rient] 28/1/2019 18:59

Why hold them Ed if you don’t see anything happening for six months or so?
Agree about the seller in size..has been drip feeding the market causing downwards pressure for some time now! Hopefully they will be cleared soon & good to see better volume again today 👍🏻

[ed 123] 28/1/2019 13:24

Well, I'll be delighted to get 55p for each of my Ophir shares. They were sat in the low 30's for long enough, ...... for any private investor who could see the value then.

As for Soco, there still appears to be seller in size. Am holding some Soco but I don't see them rising atm. They need to get the merger completed and to release some figures and plans, in say 6 months time. I think, after all the failings of the past few years, the market needs to see something concrete and good if it is to assign a higher value to Soco shares. Maybe that 'something good' happens, and maybe it doesn't.

[nigelpm] 28/1/2019 11:59

Ophir potentially going for a song at 55p - still my biggest concern is the same thing happens here.

[pumph] 28/1/2019 08:38

..and your point is ?

[buywell2] 27/1/2019 20:31

buywell2 - 16 Jul 2012 - 07:30:11 - 8891 of 22135 SOCO - The Endgame - SIA

I have never been a fan of buybacks .... a waste of shareholders money I feel






Crude Oil is trading at circa 86.90 struggling to clear the SMA50 resistance level





50ma and 100ma are BOTH falling

[buywell2] 27/1/2019 20:23

buywell2 20 Aug '14 - 14:00 - 12825 of 22133 Edit

There is a possibility that chartwise 300p could get a retest in 2015

Which would be circa double the current Net Tangible Asset value per share



free stock charts from uk.advfn.com




emptyend 20 Aug '14 - 14:17 - 12826 of 22133
0 16 3
Please go away and do some research on accounting for E&P companies - and stop referring people to metrics that are completely and utterly meaningless.

eggbaconandbubble 21 Aug '14 - 20:09 - 12827 of 22133
0 5 2
buywell voices an opinion. Empty pooh poohs it. And eleven sycophants vote agreement.
It could well be 300p in 2015 if the Chinese start throwing their weight around in the South China* Seas.
Still buywell's chart does demonstrate that the share price has gone nowhere far in the last seven or eight years!!!

*Operative word?

[emptyend] 27/1/2019 16:54

Lauders,Quite likely that directors would consider themselves unable to deal, pending Merlon completion (which I still expect sooner rather than later).

[jotoha2] 27/1/2019 16:18

Nigela was spouting it was good value at 110p , and to buy and hold , ouch !! So here he is again telling people to buy now , what a plank!

[richalert] 27/1/2019 15:44

I do wonder how many other PI's are caught in the same situation. You had to be in 20 years ago to have made serious money with this share. Just a generalisation, not accurate to the actual year.

[nopedigree] 27/1/2019 15:23

Well, buying and holding as I did/have done over the last 12ish years ain't done a deal of good to my financial situation. Maybe I'm just getting impatient in my old age....

NoPedigree

[0rient] 27/1/2019 14:54

Cheers Lauders...top posts 👍🏻
Be interesting to know how much of those buys were share awards or actually financed out of their own pocket?? Either way it’s good knowing they have plenty of skin in the game!!

[lauders] 27/1/2019 12:08

Shame they DIDN'T mention SIA really!

nigelpm - I tend to agree with you. Shame the directors didn't have the hindsight to wait 4 years to invest their funds. Still a very poor show no matter what way you look at it. Things may, as you allude to, be about to change. Certainly hope so!

[nigelpm] 27/1/2019 10:36

bottom line here is it's great value. Just buy it and wait.

Very hard for investors to do that but it's how you make money.

[lauders] 27/1/2019 02:53

Was just looking at the director dealings history here:



The large buys (price shown in bold) in March 2015 below are all pretty well underwater at the moment:

16 Mar 2015, Ettore P M Contini Non-Executive Director: 377,772, 1.43, 538.55 k

13 Mar 2015, Rui Manuel Cabecada Coehlo de Sousa Non-Executive Director, Chairman: 50,000, 1.48, 74.09 k

13 Mar 2015, Ettore P M Contini Non-Executive Director: 629,574, 1.47, 924.09 k

12 Mar 2015, Rui Manuel Cabecada Coehlo de Sousa Non-Executive Director, Chairman: 50,000, 1.80, 89.75 k

12 Mar 2015, Ettore P M Contini Non-Executive Director: 328,273, 1.74, 571.75 k

That is a "poor" return over nearly 4 years. I am sure that they will be hoping to breakeven on these buys in 2019/2020 (including dividends) at least and then some! If the share price of SIA is at these levels by the end of the year I would be really surprised. Seems a good time to buy more yet the directors haven't really bought any meaningful amounts recently which is a shame. Last buy of any size was:

27 Jun 2018 John Edward Martin Non-Executive Director: 30,000, 0.97, 29.19 k

[chessman2] 25/1/2019 20:06

I hope you are right Orient.

I think I tend to lurk more nowadays and contribute less.

Thanks Nigel for your compliment. I must admit I doff my cap to several scribblers here on advfn and the lemon fool.

I'm still in TLW and only just under water but failed to sell at their peak as I didn't need the cash and thought a takeover was bound to happen. How wrong I was.

Otherwise a few here, a few more in JOG, a few more in Encore leftovers in PMO [another I should have sold!] probably too many in HUR and a few spread amongst non oilers.

I do not always call it right but like to think I'm right more than wrong.

[emptyend] 25/1/2019 19:55

Me too, HA....

[0rient] 25/1/2019 18:56

Nice to see some volume today..hopefully the start of things to come :-)
Chessman2..hope to you make all your money back on SOCO & some on top! If all goes to plan in Egypt & appraisal wells are successful then 22,000+ bopd is not an unreasonable target & I’ll expect at least a doubling of the share price from the current price 👍🏻👍🏻

[duckdown] 25/1/2019 18:40

Wonder what fido is up to nowadays.

DGO - now they were good times.

[nigelpm] 25/1/2019 17:58

Ah - were you now - you were awesome! I made decent money on DGO as well.

[chessman2] 25/1/2019 17:18

I was Dragonfan on the fool. DGO being one of my better investments.

[haideralifool] 25/1/2019 16:15

chessman, I always thought you were chessfou of TMF days, but I guess not!

[nigelpm] 19/1/2019 09:50

Fair enough. Like I said I could be wrong. I only have advfn posts to go on. Perhaps his quality of posting is better somewhere else. I know mine generally is! :)

[redhill9] 18/1/2019 22:47

I would just comment that I know Ken from his extensive posting on another, subscription, site where his research and judgement are very well appreciated and respected.

[nigelpm] 18/1/2019 21:10

Ken,

I know nothing about you other than what you post on ADVFN.

You display your level of competence on here - I've based my view on that.

If you are more competent than I give you credit for then let's just say you're not doing much to convince me.

Of course I could be wrong.