Soco Share Discussion Threads

[lauders] 05/5/2017 02:28

tournesol - Did you press the button and take a stake in SIA or are you still holding off for now! I prefer SDX as I think you do and have an investment there. Hopefully we will see a HUR type reaction here and at SDX one of these days, but I don't see it happening here unfortunately! SIA is seriously unloved.

[buywell3] 04/5/2017 23:31

OIL price weakness due to over-supply and the chart indicate 120p likely

Again that is.

dyor

[emptyend] 04/5/2017 18:25

....well the blocks of stocks traded in the last couple of days had to come from somewhere.....

[tournesol] 04/5/2017 17:55

Just seen an RNS from Fidelity saying they've reduced their holding which is now less than 5% (they do not say how much less)

www.investegate.co.uk/soco-international--sia-/rns/holding-s--in-company/201705041716512534E/

[emptyend] 03/5/2017 17:38

Not sure about that Lauders......volumes today were even chunkier....

[lauders] 03/5/2017 12:16

Not had much effect today EE!

[emptyend] 02/5/2017 20:46

.....5x normal daily volumes in two large trades and no further comments. Interesting.......

[emptyend] 02/5/2017 11:26

...interesting trade.....

[lauders] 01/5/2017 08:13

Perhaps things will change if this title is anywhere accurate:



You need to delete the dots between proactive and investors!

[emptyend] 30/4/2017 07:28

Watts/Daryabegui took director fees in shares. Neither are now on the board. Thats what explains it.....Of course the Contini/De Sousa purchases were made in expectation of sharp recovery from a sharp fall to under 150p. That was a common expectation at the time. The lack of a recovery at all is more puzzling, given that oil prices are $25 above the lows - but the market seems over-focused on short-term production rather than anything longer.

[lauders] 30/4/2017 06:05

Soco-International Director Dealings
Date Director Trans Amount Type Price(p) Value(£) Holding %
12/29/2016 M.J. Watts BUY 4,068 ORD 157.40 6,403 133,897 0.04
06/30/2016 M.J. Watts BUY 4,847 ORD 143.50 6,955 124,696 0.04
03/26/2016 M.J. Watts BUY 4,316 ORD 161.25 6,960 119,849 0.04
12/30/2015 M. Daryabegui BUY 6,311 ORD 157.25 9,924 30,232 0.01
12/30/2015 M.J. Watts BUY 4,426 ORD 157.25 6,960 115,533 0.03
11/18/2015 R.M.C. de Sousa BUY 200,000 ORD 149.90 299,800 9,648,324 2.91
10/05/2015 A. Weaving EX 39,013 OPT 0.00 0 953,060 0.29
06/30/2015 M. Daryabegui BUY 5,688 ORD 174.50 9,926 17,831 0.01
06/30/2015 M.J. Watts BUY 3,989 ORD 174.50 6,961 106,836 0.03
03/30/2015 A. Maris BUY 1,213 ORD 159.75 1,938 132,956 0.04
03/17/2015 E.P.M. Contini BUY 377,609 ORD 142.56 538,319 29,000,000 8.74
03/16/2015 A. Maris EX 575,000 OPT 0.00 0 0,000 N/A
03/16/2015 A. Weaving EX 700,000 OPT 0.00 0 0,000 N/A
03/13/2015 R.M.C. de Sousa BUY 50,000 ORD 148.18 74,090 9,258,820 2.79
03/13/2015 E.T. Story Jr EX 401,090 OPT 0.00 0 0,000 N/A
03/13/2015 E.T. Story Jr SELL 168,257 ORD 145.00 243,973 13,423,964 4.04

I am sure Mr. Contini was expecting more from his 377,609 buy in March 2015, and also that Mr. de Sousa was expecting more from his purchases of 200,000 buy back in November 2015 & 50,000 buy back in March 2015 too! Some dividends to keep them "happy" but I am sure they could have produced a lot more income somewhere else given that they have a good idea of what is happening at SIA. Probably explains the lack of director buying interest these days. Last buy end of last year was token and is also under water.

[emptyend] 25/4/2017 18:03

.....busy with elections. Annual report still unread.....

[lauders] 25/4/2017 12:14

Not much on the news front here! Never known it so quiet around these parts. EE can't have lost interest LOL!

[lauders] 19/4/2017 12:35

It was wishful thinking The Argus ;-) Back to waiting for some action here.

[the argus] 19/4/2017 09:32

looking at the timing of the start of the rise, it seems to coincide with the start of the trading day in America maybe?

A.

[lauders] 19/4/2017 02:09

What I was thinking too EE. Perhaps something is up (not just the share price!) or is it just wishful thinking?

[emptyend] 18/4/2017 21:36

...Late move today, against both the sector and the market.....

[ntv] 14/4/2017 15:29

lol
i thought the brexit debate on both sides came from GREEN energy
the grass grows and the bull eats the grass and after a while the bull converts the grass to ...., hence conversion

[emptyend] 14/4/2017 08:24

So the rule of thumb is that if you want to identify the big energy-consuming devices, look for the ones that produce a lot of heat.Excellent. Now we can blame the Brexit debate for global warming too............ ;-)

[gengulphus] 13/4/2017 11:37

There's a very simple rule of thumb one can use to judge which devices are the important ones from the point of view of energy consumption.

As background, the law of conservation of energy essentially says that all the energy that goes into a device comes out of it again in some form or other, and it all ends up as heat. The final conversion to heat sometimes happens outside the device, and possibly even outside the building you're in - for instance, some of the energy that goes into a light bulb comes out again as light, most of which will be absorbed by surfaces within the room, heating those surfaces up very slightly, but a small amount of it is liable to escape through the windows and end up heating the outside world instead. Mobile devices are similar, with radio waves replacing light and different building characteristics - for light, buildings are mostly opaque walls but have highly transparent windows; for radio waves, both walls and windows tend to be rather more translucent.

But quite a high proportion of the energy going into a device - probably over half for even the most energy-efficient devices - becomes heat within the device. That's why light bulbs, mobile phones, etc, get warm in use. And some devices - heaters, cookers, etc - are designed to convert essentially 100% of the energy that goes into them into heat.

The point of which is that one can make a very rough-and-ready estimate of how significant devices are relative to each other just by considering how much heat they put out in use. For instance, an old-fashioned incandescent light bulb would get quite hot in use - nothing like as much as an electric heater, but enough to scorch things placed close above them. Modern LED light bulbs need a bit of care taken about heat very close to the light-emitting part, basically because all the heat they are emitting appears in a very small volume, but lights using them generally only get rather warm to the touch. Mobile phones also get warm to the touch in use, but rather less so. From that, you might guess that in order of increasing energy consumption, those four devices are mobile phone, LED light bulb, incandescent light bulb, electric heater, and you'd be right: as an order-of-magnitude-only approximation, one electric heater = 10 incandescent light bulbs = 100 LED light bulbs = 1000 mobile phones.

So the rule of thumb is that if you want to identify the big energy-consuming devices, look for the ones that produce a lot of heat. Heaters (including central heating systems), cookers and car engines are the chief culprits in domestic life; elsewhere, heating non-domestic buildings, other transportation and various heat-producing industrial processes (such as smelting iron) are the big consumers.

That does incidentally mean that the various media campaigns about things such as not leaving one's mobile charger powered when one isn't using it are only nibbling at the edges of the energy consumption problem. Not saying they're wrong to encourage switching off or unplugging chargers that aren't in use, but I do get the impression that they've given a lot of people the idea that it is the way to do your bit about reducing energy consumption, distracting them from far more effective measures...

Gengulphus

[steve73] 13/4/2017 03:47

The big electricity users are heating/cooling and cooking.
As "we" become more affluent we heat out homes rather than putting on a pullover (I accept that this is more typically gas usage nowadays), or turn to a/c rather than opening a window. We have ever more powerful showers, cooking in all manner of "ovens". Washing machines get used more frequently (although cooler washes do largely offset this); dishwashers get used daily, and tumble driers rather than an outside washing line. Fridges have become the size of small larders, and we are choosing to rival supermarkets with our freezers.
I agree, many thing have become more efficient; lighting (but we now use many more of them), CRT-LCD (ditto lighting...?)
And the rest of the world is desperately trying to attain the same as the privileged 5-10% living in the west.

Domestic electricity is only part of our consumption. Industry uses huge amounts, but as the UK deindustrializes, it's offset by rising domestic demand.

My own electricity usage (in kWhrs) has crept higher over the 35 years that I've been responsible for paying my own bill.

And once we move to e-cars demand will increase dramatically. They might not consume oil, but the electricity they require for recharging will (unless its from renewable sources - and even these require energy during their manufacture).

As to oil demand for plastics (and how I wish that had never been invented), with "unlimited" electricity, some of it can be synthesized without the need for oil.

But all this is still 20+ years away. Soco's production will still be in demand...

[kenobi] 13/4/2017 00:00

Tom, I was referring specifically to electricity, since you mentioned your Nokia mobile compared to a modern day smart phone.

It's clearly true given the link that electricity use is not on the increase, despite a growing population and has in fact fallen over the years despite a dramatic increase in the number of domestic appliances we have.

Nearly all modern appliances use less energy than older versions, lighting, tvs and fridges/freezers are the most obvious , but others too.

You are right that a lot of oil is used in other things like transporting goods. However the one thing we see clearly is that if supply / demand balance changes by a few % it can have dramatic effects on price.

so changes in use of oil/ gas for generating electricity or in transportation can have dramatic repercussions on the price going forward, even if the demand only changes marginally. So it's worth considering when and how quickly transportation will switch from fossil fuels to electricity, and what that means for oil prices.

K

[kenobi] 12/4/2017 15:51

interesting, do you really use more energy than you did Tom ?

I recall when a lightbulb used 60W, now I can run a laptop off a similar amount. you may charge your phone more, but how much electric does a 50" lcd use ? 75w ? compared to maybe 5 times that for a crt ?

lights can now run off a few watts, your iphone may use more, but often avoids you having to boot up your laptop.

a quick google reveals ....
"Over the longer term, domestic electricity consumption increased to a peak of 10,809ktoe
in 2005 then began decreasing, despite the continuing increase in the number of electrical
appliances owned by households. Table 3.01 blow shows the average number of
appliances per household;" gov.uk/government/uploads/system/uploads/attachment_data/file/573269/ECUK_November_2016.pdf

doesn't seem to suggest big increases in energy use, rather a decline in energy use as more lights and appliances are updated with low power alternatives. We have more tablets/phones etc, but most of domestic energy use is lighting and appliances. These are more and more going over to lower energy alternatives.

K