Soco Share Discussion Threads

[greyingsurfer] 06/6/2019 11:21

Why do you say the Egypt assets were overvalued? Seems a bit early to make that judgement. The BoD clearly doesn't think so, and as a significant part of the purchase was in SIA shares - which declined in price after the deal and before completion - it could be argued they did quite well. If Egypt turns out as they hope/expect there could well be a useful boost to revenue and the share price

[russiaguru] 06/6/2019 08:35

Buy well what's your target for sia, I have 50p

[buywell3] 06/6/2019 08:34

Averaging down is not deemed a good idea by the experienced investment community I believe.

It's playing the game of ... 'catch the falling knife '

And with a chart like SIA ?

[russiaguru] 06/6/2019 08:31

Empty - but they haven't had much success in Vietnam with downgrades etc, Egypt assets were overpriced with declining boepd and high tax rates.

They have wasted a lot of money and time if compared to the likes of rre. Surely they should and could still pick up some quality assets

[buywell3] 06/6/2019 08:31

Interesting ...

[emptyend] 06/6/2019 08:18

FWIW I now hold more shares here than at any time in the last 10 years.

[emptyend] 06/6/2019 08:13

I get rather tired of people saying "£4 down to 65p" and simply ignoring the c.94p per share paid in cash to shareholders over the last 6 years.And, at the same time, ignoring the context of oil prices falling by c.40% that has impacted every other company in the sector (often by much more than SOCO).So really can't be bothered to respond further.

[unclephilip] 05/6/2019 17:39

To have gone from over £4 to about 65p in 5 years is pretty awful. This has been a rotten investment for quite a few years, and I struggle to see a case for investing in it.

I would, however, be grateful for a rational counter case

[ahmedbin69] 02/6/2019 11:48

Hi guys I'm buying some of these tomorrow. Good level to get a few.

[buywell3] 02/6/2019 05:53

.................. OIL OFF THE BOIL ......................

Nearly 10% drop in 2 days and some here continue to ramp ... you should be ashamed of yourselves IMO

[glavey] 02/6/2019 02:26

And I have a feeling that there isn't, but I've nothing to support that view.
There, that's two pointless posts.

[yasrub] 01/6/2019 17:43

I get the feeling there is another deal looming - perhaps SE Asia?

[emptyend] 31/5/2019 19:32

....Dividends reinvested.....

[creditcrunchies] 31/5/2019 09:32

I only bought in at this level (68.5p) but it is in part of the allocation of my fund I use for speculative plays I try to keep these to just two or maybe three stocks. This share price is so bombed out it could go either way but the dividends help.

[dmf] 31/5/2019 09:23

Received mine 9.00 am !

[greyingsurfer] 31/5/2019 09:12

Some brokers credit accounts on the payment dates. Others wait for it to clear, so perhaps a day later, or even later today.

[mick1909] 31/5/2019 08:54

Thanks haven't received mine yet but could be down to what broker you use?

[knowing] 31/5/2019 08:53

Should be today

[mick1909] 31/5/2019 08:43

When does the dividend go into peoples accounts?

[buywell3] 30/5/2019 16:52

You know nothing john ....

66.6p again see

[knowing] 30/5/2019 16:36

If buywell is posting it's a sure buy sign

[buywell3] 30/5/2019 16:32

OIL is dropping hard

[emptyend] 30/5/2019 16:27

Of course the one thing people seem to ignore here is the possibility of further deals. I'm reminded of RdS's strategy comments from last year's AGM.