Soco Share Discussion Threads

[buywell2] 08/3/2019 21:38

Yes me too ...
Can you make that list
your best three

[dunderheed] 08/3/2019 21:35

Kenmitch me being lazy do you mind listing a few?

[kenmitch] 08/3/2019 21:34

Yes there are other shares paying 8% or more AND with far more upside share price potential than SOCO too. This is arguably the best buying opportunity for quality dividend shares for decades.

e.g. Little understood Diversified Gas and Oil, paying rapidly increasing quarterly dividends.

Very good article on that one here:-



Also key Pennsylvania agreement today which gave share price a boost.

And what about Evraz? Another paying quarterly and dividend around 15%.

Or Central Asia Metals. 7% dividend.

And away from Oil/miners even quality FTSE 100 shares are sometimes paying as much as 10% AND unlike SOCO, increasing them too.

e.g Housebuilders like Barratt, Taylor Wimpey, Bovis and Persimmon.

Also Aviva and Legal and General around 8% and also increasing them.

As an aside there’s an excellent article on the pros and cons of buybacks in Investors Chronicle today. Obviously, as one or two of us posted here at the time, and with our opinion rubbished by the likes of emptyend and nigelpm, the SOCO buybacks were a hopeless waste of money. As Investors Chronicle said today “buybacks only work for investors if they boost the share price.”

What was really interesting was their analysis of Next’s buybacks. Even I have claimed that Next have bought back effectively because they will only buyback when they think the share price is cheap. But despite that their buybacks have not worked over the last 5 years.

“Over the last 5 years total returns to shareholders have been effectively zero despite Next spending £921 million (roughly £6 per share on the 2015 count) on buying back shares.”

[emptyend] 08/3/2019 19:25

.....and if one makes the not unreasonable assumption that the current dividend can be maintained until the end of the licence, then 48% of the current share price is covered by the dividend stream.........and if the licence is extended by five years then (if the dividend is maintained) that rises to 98% of the share price covered by the dividends.

[emptyend] 08/3/2019 19:18

No - though in this case the yield is presently based on earnings from time-limited licences.....albeit probably not as time-limited as the market assumes at present.

[robs12] 08/3/2019 18:32

Any other companies offering an 8% yield where there is not some fundamental problem/significant risk?

[emptyend] 08/3/2019 16:41

Sell on an 8% yield with considerable upside? Are you mad?

[stemis] 08/3/2019 15:38

The day you sell EE I'm going to buy. That would be the ultimate capitulation here... ;-)

[emptyend] 08/3/2019 14:37

Drivel. They have a clear remuneration policy which is voted on by shareholders. And they get no shares at all unless shareholders get better than average returns.

[chessman2] 08/3/2019 11:25

Just called in to see the update; it seems so many directors award themselves incentives nowadays.

Nigel, more than pleased I jumped to top up my JOG and ECO holdings. I just hope the Egyptian deal proves good for everyone

[dunderheed] 08/3/2019 11:17

Agree O.
I think they take their (over*)pay in shares though?




* for relative (under)delivery, lol.

All imho and dyor of course.

[0rient] 08/3/2019 10:52

It’s called public relations EE & a little common sense. How to p*ss off investors who are already cheesed off by the dismal share price performance.
They should have cancelled them and if they want shares then purchase in the open market.

[emptyend] 08/3/2019 09:57

If that is your view, you have had an opportunity to vote against the scheme - and shareholders approved it. Suck it up.

[0rient] 08/3/2019 09:35

It is a p*ss take awarding themselves long term incentives when the share price has been decimated & is sat at 67p!
How about they just purchase shares now in the open market with their own money and then they will have a real incentive to generate shareholder return.
How about an incentive plan to stop underperforming..like a 10% drop in their salary every time the share price drops 10% below 100p!! Somehow can’t see that happening :-)

[chopsy] 08/3/2019 08:12

Below 66 now, are you a buyer, buy well?

[robs12] 08/3/2019 08:06

Thanks EE, good to know.

[dunderheed] 08/3/2019 08:03

Do they state the 'peer' group (and how many?) in annual report?

[0rient] 08/3/2019 08:01

Thanks for clearing that up emptyend 👍🏻

[emptyend] 08/3/2019 07:58

Total return to shareholders last time I looked. Unless they outperform the peer group in terms of total return, they get diddly squat. And they don't get the full headline figure unless SOCO shareholder returns outperform virtually all the others.There are full details in the annual report - suggest you read them before fulminating in ignorance.Also when you get the annual report, you will doubtless see a big chunk of LTIP awards lapsing (again), due to underperformance.

[robs12] 08/3/2019 07:52

No shame at all - appalling. Does anyone know how the LTIP is aligned with the interests of shareholders? Increase in share price? Increase in market cap? Growth in reserves or production? Clearly not any of those...

We'll see if the market likes that RNS better than Wednesday's....

[dunderheed] 08/3/2019 07:52

EBB you still in iog?
That's starting to look a bit gravy train as well?

[cwa1] 08/3/2019 07:48

Some nice LTIP awards announced there:-