Soco Share Discussion Threads

[invisage] 12/9/2016 23:10

A shame ee would never share a link like thishttp://www.telegraph.co.uk/business/2016/09/12/oil-market-glut-to-continue-as-opec-rivals-resist-an-output-slow/

[invisage] 11/9/2016 23:46

Wall St Futures now off 108 points.

Follow through from Friday's fall.

Have you lot prepared for the fall? Do you have your shopping list ready?

I think it is worth waiting until mid to late October at least before putting money to work, in fact it may pay to wait until the November election results are announced.

I still think a strong close into year end is on the cards.

[invisage] 11/9/2016 22:28

Buying Soco is the same as passing on the Vietnamese. Government headache to the acquirer. With plenty of assets to choose from can't see why anyone would want Soco's headache. This is not an investment. I'm out.

[nigelpm] 11/9/2016 22:18

Seems logical - what has surprised me has been the lack of M&A action. Shell and BG aside.

[invisage] 11/9/2016 21:32

The markets don't care what you think Nigel. You clearly have'nt been following the polls on the US election.

[nigelpm] 11/9/2016 19:50

I'd have thought Trump would be fantastic for the markets actually.

Sad as it is, war often brings strong market rallies and we would certainly enter into a business pro US.

[invisage] 11/9/2016 19:44

I think Donald Trump's campaign is going to gain traction and that is going to cause the markets to wobble a bit.

[invisage] 11/9/2016 17:15

Get ready for white knuckle ride chaps in the general markets.But remember once correction is done this when the smart money buys and rides it all back up. Markets tend to go up long term so no point panic selling anything you already have.

[bountyhunter] 11/9/2016 16:10

closed out mine too but only as I needed immediate funds for elsewhere; otherwise I would have held on here awaiting the Mongolia payment to materialise

[nigelpm] 11/9/2016 10:33

Invisage - just to say I closed out the rest of my holding in SIA yesterday. There are probably better places for my money and maybe your comments were also in the back of my mind! GLA

Goodness me! Seen it all now.

[melody9999] 10/9/2016 08:33

Invisage - just to say I closed out the rest of my holding in SIA yesterday. There are probably better places for my money and maybe your comments were also in the back of my mind! GLA

[buywell3] 10/9/2016 00:37

OIL back to $35 and SIA sub 100p beckons

Chart says so

[ed 123] 09/9/2016 21:40

Hi Invisage.

Many thanks for your reply 18465. Very kind of you to share your thoughts on the board. :-)

Yes, value stocks can be tempting and I'm holding a couple, waiting and hoping. With hindsight and as you suggest, I would have been better off avoiding them and going for steady growth.

I wonder if I could ask a small favour? It's your post 18460. Your decision of course, but I find that post too personal and hurtful. I wonder if you might be willing to wipe it out? I'm sure if you deleted it, that would be appreciated. Your comments on investing and your feeling for the market are both very good. You don't need to do the personal stuff.

Thanks and have a good weekend.

[invisage] 09/9/2016 21:18

Ed

I would'nt buy Soco at 125p - everyday that passes Soco is worth less because everyday you get another set of costs funded by depletion of producible reserves so effectively the company is worth less that then it's intrinsic value back in June.

Also don't forget we get ever closer to the production licences expiring, the Vietnamese government know this hence the reason they have been dragging their feet on FDP.

Soco is a busted flush - The smart money left in the Boom years. When Dana's Tom Cross or Encore's Alan Booth sold up a few years ago during the boom years quite a lot of investors thought they were selling on the cheap. But in hindsight what a master stroke those sales were.

It is those kind of managers that earn and deserve their salaries, because they have the foresight which many others lack.

As for my calls I just try to share my work with others, if I can help others and they make money then it is a win win.

Wishing you sold more - you would say you you wish you sold less if the markets rallied higher. My view on this is when markets have a good run it is worth taking money of things that are overstretched, I tend to take profits from cyclical companies and hold onto my defensive shares.

I don't short. Shorting is actually very hard. My view in the current market conditions is it is worth having more money in the markets then out of it, even if we have short term volatility. Long term markets more often then not go up.

You just have to pick good stocks with effective management, rising revenues, profits, cash flow with good growth prospects and decent profit margins on modest PE's. Although PE's are'nt as important as is buying a VERY GOOD company which can be expensive to buy, but I'd rather buy an AMAZING company at a high price then a mediocre business at a wonderful price.

It beats me why investors look for stocks in beaten down stocks, you tend to find the down trending going nowhere type stocks. ONLY buy up trending stocks.

In the current economic environment growth is rare, long gone are the days when you can make 10-20% per year in the stock market year in year out.

Therefore when you can buy quality stocks that pay 3+% they are very special indeed, they do most of the work for you with that dividend you only need a modest rise in the share price to beat the mass populous. In the long term quality and MOMENTUM win's the race NOT VALUE.

If you hold the quality stocks long enough your dividends increase and eventually you get a substantial payout on your original stake.

[nigelpm] 09/9/2016 21:15

Can't remember what we said - something along the lines of 2x OPHR to 1x SIA at the time - reckon both have lost a similar amount. Also reckon both are due rather large bounces given the dross that has moved up in the meantime - PMO and TLW come to mind.

[emptyend] 09/9/2016 21:12

Hi nigel....makes things simpler, now both are filtered...... :-)

Ultimately the facts (whatever they may be) will speak for themselves.

Incidentally, did you ever check the terms of that OPHR vs SIA forecast we differed on? Both down I'm sure - but how much?

rgds

[invisage] 09/9/2016 21:09

Nigel

You should focus on your day job, you can't even read a cash flow statement. And you trained in this profession - The school system is a disgrace. They award any idiot these so called "Professional Qualifications".

As Buffet said Wall Street is the only place that people ride to in a Rolls-Royce to get advice from those who take the subway.

[invisage] 09/9/2016 20:36

Do good and good will come to you.

[ed 123] 09/9/2016 20:27

Emptyend.

Yes, I was at the AGM and you weren't.

I asked questions at the AGM and what answers did I get?

What exactly are Soco shareholders to understand from the phrase, 'being on the same page'? Does it simply mean that everyone would like there to be more production and more income? That almost goes without saying ..... but where is the agreement? From the timing, it is obvious that agreement has not been easy - and has not yet been achieved.

Seeing and hearing what I have, my instinct was to preserve what value was left in my remaining Soco holding. Hence I sold.

If you naively choose the believe the rosiest possible interpretation of anything from Soco ......

[emptyend] 09/9/2016 20:03

ROTFLMAO

By the way, Ed, you were at the AGM. You know they are on the same page...

Goodbye