Share Name Share Symbol Market Type Share ISIN Share Description
Soco International LSE:SIA London Ordinary Share GB00B572ZV91 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.10p -2.11% 97.50p 96.90p 97.70p 99.20p 96.10p 96.70p 33,372 16:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 125.2 4.6 -4.5 - 323.66

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Date Time Title Posts
21/2/201822:07SOCO - The Endgame20,665
23/10/201713:55SOCO INTERNATIONAL32
18/7/201708:26SOCO INTERNATIONAL - Stifled Development151
17/3/201123:19Libya news23

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Soco Daily Update: Soco International is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SIA. The last closing price for Soco was 99.60p.
Soco International has a 4 week average price of 87.60p and a 12 week average price of 87.60p.
The 1 year high share price is 150p while the 1 year low share price is currently 87.60p.
There are currently 331,954,643 shares in issue and the average daily traded volume is 116,752 shares. The market capitalisation of Soco International is £323,655,776.93.
emptyend: The usual guff from the usual suspects, I imagine. I've got no regrets about anything other than the last 6-9 months......but even there it could've been worse. SIA down 22% over the last 6 months - and OPHR down 30%.Even at today's share price, I've had 176p per share of value vs 7.5p cost. Sure that is over nearly 20 yrs, but I suspect most would settle for it. If I'd sold three years ago (before the reserves reclassification that followed the oil price fall), I'd have had 325p of value. I still fail to see why much of that value won't come back at some point, because in TGT the reclassification was mostly driven by the lack of 2015/16 work programme. So at current share price levels, a reversal of much of the reclassification could have a very material impact on returns from here.
eastbourne1982: emptyend 9 Feb '18 - 11:08 - 20517 of 20518 ....err....where was the share price when oil was at $50? ------------------------------------------------------------------------------------- All things being equal if oil drops back to $50 the share price will drop.
emptyend: ....err....where was the share price when oil was at $50?Re Kenobi's deal-doing point, volatility in markets is never helpful, because it changes the valuation optics from week to week. But the biggest problem would arise if they were trying to do an asset purchase for shares, because there would be an unwarranted increase in dilution (as management would see it.....and that is very important when the board controls 40%+).I do think they will do a deal for shares - but I don't think that would be the first deal.....especially with the share price at this level. More likely, I suspect, to do a deal that comes with a chunk of debt finance.
richalert: EE. If we put the deal issue to one side for now, then my original question was Why has the share price in Soco not mirrored the recent rises in oil. Is it because institutional investors wait to see the effects become clear on the balance sheet, and hence there is a lag in the share price respect to oil? Or has there been a downward correction on the value of Soco, and if so why. We know about reduction in reserves previously and that did not seem to have a marked affect. So it's a little concerning to see the price where it is. I do believe that management seems to have dropped the baton, and do wonder what has really happened to make the Cable's retire, and to be replaced by Mike Watts etc. But of whom we have heard very little from. News has been almost non existent recently. Just hope there are no skeletons in the cupboard.
emptyend: And here is another pointer. Brent is now at $68.....and, also relevantly, the oil price in sterling terms is now back at the level it was at back in November 2014 (close to £50) as you can see for yourself here:¤cy=gbpWhat's the relevance of the oil price in sterling? SOCO's oil reserves are priced on the stock market in sterling.So.......back in November 2014 where do you think the SOCO share price was? Tricky to be sure precisely - but somewhere NORTH of 300p.What's changed since then? Yes reserves were reclassified in Feb 2015 due to lack of an agreed work prog. But we now have the FFDP (and have had for nearly a year now). The OOIP figure for TGT didn't change in 2015 (though it did for CNV).... so the market should now be pricing in a reserves reclassification in the opposite direction to 2015 - but it isn't.Yes production levels are lower due to lack of recent drilling & investment. But what is the plan for next year? We are still waiting to find out.Yes the licence is now three years shorter. But we may yet see an extension of 5 years or more?I remind you all that the new exec management team loaded up at 150-160p last February. IMO, the current price is substantially wrong. Difficult to say exactly how wrong, given the lack of any recent info and pending the expected update......but I think "substantially" will do for now. I wouldn't rule out a doubling of the share price during H1.
ed 123: A bit more or less at Cabinda is not material, not going to make any difference to Soco's share price. It almost hurts the share price as people will think they've got nothing else to sing about. Closing auction uncrossed at 109p, the day's low. Efficient market at work again. A series of failed projects, lots of unfulfilled hopes, past problems with the partners on their major asset, nothing near term (and that includes the TGT water handling kit) to lift sentiment = share price disappointment. Soco's share price is at 109p for good reasons. Needs new CEO and Chairman, imo. Needs personnel and projects that give hope for the future. There need to be reasons for potential investors to buy the shares. Atm, there's nothing.
ed 123: NTV Yes, 116 and a bit pence, atm. A laggard in the sector. I think you'll know but anyway, the share price is reflecting the operational and corporate performances of the past couple of years. (Potential) Buyers of shares in oil companies have a fair number from which to pick. If you had fresh money to invest, would you put it into Soco (bearing in mind the recent performance of the company)? Where does it go from here? Die-hards here are convinced that Soco will buy some assets at a bargain price and the shareprice will go up as a consequence. Unless desperate for cash, no one is going to sell them something for less that it's worth. With the front month of Brent now at $58, about double its low and heading some say toward $70 medium term, Soco will have to pay up fully for anything they buy. My expectation is that, if Soco do make a big buy, the share price will dip to under 100p (if oil keeps below $60) - due to the price they'll have to pay, and some uncertainty as to how it'll turn out, plus likelihood of no dividend. If they don't make a big buy, then Soco continues to underperform the sector but without a sudden dip. Actual shareprices will depend to an extent on the oil price.
jotoha2: Based on that , sia share price should be around 170p , but then of course it's not TLW !!
emptyend: kenobi,As we discussed if you believe that the worst is over now theres an arguement for moving some funds to shares which will move more as the oil price rises.It isn't a risk free option, but potentially more rewarding if things go that way.Yes - I've been tempted by TLW on a couple of occasions at 10-12p below the SIA share price. Then again, it has hit a 90p premium between those occasions and promptly reversed.For me th biggest risk in soco is that the licences, and to a lesser extent the oil, in vietnam is running out. We have partners with little appetite to expand production even at oil prices north of twice the current price. So how do we value SOCO ? are we just going to concentrate on Vietnamese producion and take divis ? if so what might that be worth over the next x years until the licences expire ? We've been over this ground many times. A number of assumptions are embedded in your comments. I am mystified as to why you hold the shares if you believe what you write, since you hypothesise a utility which has no upside, several sources of downside and no options.
norman115: It is small comfort to see that so far today the SIA share price is down by a smaller percentage than any of Cairn, Ophir, Premier or Tullow.
Soco share price data is direct from the London Stock Exchange
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