Share Name Share Symbol Market Type Share ISIN Share Description
Soco International Plc LSE:SIA London Ordinary Share GB00B572ZV91 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 61.80 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
61.90 62.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 137.31 62.81 6.59 10.2 246
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 61.80 GBX

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Date Time Title Posts
20/12/201913:01SOCO - The Endgame23,067
23/10/201714:55SOCO INTERNATIONAL32
18/7/201709:26SOCO INTERNATIONAL - Stifled Development151
17/3/201123:19Libya news23

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Soco Daily Update: Soco International Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SIA. The last closing price for Soco was 61.80p.
Soco International Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 397,515,684 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Soco International Plc is £245,664,692.71.
emptyend: Kind words.....:-)....but the key point is that the oil price once nearly touched $150 and is now c. $60mn. Even rock gods, let alone companies, struggle to avoid share price falls when the market price of their only product falls by 60%.....especially when the company has paid nearly 20% of its maximum share price (150% of the current share price) back to shareholders....
emptyend: Ultimately no company management can control the share price. All they can do is to manage the business well and, eventually, the share price will follow.Another company in the sector has seen its shareprice halve in H1 this year and then double in Q3 (back to where it was) ....all without any material change in the fundamentals. It is a curious market at present.Personally, I think the market as a whole is wrong to be underweight the oil and gas sector.....and, when that becomes evident (as it will, if the Iran/Saudi/Iraq situation worsens), share prices could move quite quickly. Meanwhile, as long as earnings and dividends continue to roll in, I'm wholly relaxed.
lauders: Also interesting to see the potential of Israel. This piece shows a platform that is currently being installed in the Leviathan Field (Ratio Oil who are one of SIA's partners are a partner in this field) off Israel: Https:// The potential seems good as the other piece below proves, but it may be a while before any potential discovery impacts SIA's bottom line or the share price! Map is also interesting when compared with the one I shared a few weeks ago: Https:// Https:// Wish this map was clearer but looks interesting too: Https://
stepone68: It hasn't worked out too well for Imperial Brands. Share price halved since it changed its name from Imperial Tobacco two years ago. On the other hand, Google's share price has doubled since it became Alphabet in 2015. Wonder which way Soco/Pharos will go?
asagi: when was the last time that we had any good news from the company? I make it 2013, with the TGT-10X well. Since then, sure, some stuff might count as good news but never enough to make anyone conclude that the company was 'going places'. How 'unlucky' has SOCO been? Compressor/water separation issues reducing Vietnam production. The legendary failed well at TGD. Marine XI - the 'dead cert' (my analysis of market expectations) wells that failed. Mer Profunde Sud - failed Cabinda - failed (and took ages to fail too) Block V (Congo) - cost money, nothing achieved, substantial PR damage incurred What benefit the sound balance sheet management through the years? Shareholders believed it was to take advantage of any industry weakness and buy cheap assets when others were too constrained to act. Except they missed the bottom of the cycle by two years and then bought assets that the market turned its thumb down at. September 2018 acquisition of Merlon: "Working interest daily production averaged approximately 7,859 bopd (net) in 2017" hTTps:// 31st July 2019 update: "Production from the El Fayum concession averaged 5,262 barrels of oil per day (bopd) from 2 April to 30 June 2019" hTTps:// that is a substantial decline in anyone's book. Ever likely people are beginning to think that the Egypt assets are a lemon. Would the share price be any different today if, say, me and nigelpm were in charge? This is a litany of failure that makes Vietnam look like a once-in-a-career fluke that any one of us could manage if backed with enough of other people's money. This is a tough hold. Asagi (long SIA)
lauders: That is encouraging but I would prefer it, as would all of us of course, if SIA was the one discovering the oil and announcing it. Might actually do something positive to the share price for once. Long, long overdue! At this rate SIA are going to be "flat" for the year or at least within a small range. What we need is a clear/decisive breakout on good news! Https://;year=2019&title=eni-announces-new-production-from-the-western-desert-and-new-near-field-discoveries-onshore-egypt#
kenobi: You might well be right EE, I missed the AGM, so I didn't get it first hand but they are usually pretty good at signaling possible deals (although often they come to nothing), for example I came away from one agm pretty clearly expeecting the yemen assets to be sold as they were described as not very exciting and "just a plumbing job", the slide that shows possible deals seems interesting, there's the organic stuff that we all know about then the bolt on stuff, 50 to 250M via debt/cash/shares, and then the above 250 merger stuff. I hope whatever they do, it's something that the market recognises the value and the share price rises (as I am sure we all do), my feeling would be that current shareprice won't help the merger type bigger deals, so perhaps there will be one or two more mid size bolt ons, it will be interesting to see if this is the case, if that then saw a share price recovery, and that lead to a bigger deal that would be welcome too obviously, but it's hard to see big mergers based on valuations while the share price is in the doldrums, K
tournesol: Hi EE and others I'd like to clarify my previous comment. Firstly I'm expressing scepticism not so much about Soco as about Mick1909's analysis. He said long as oil stays around this level the dividend payment will only go up so naturally the share price will do as well so even 130p could be cheap by the end of the year…. I do not think that makes any sense at all. The healthy dividend has not stopped the share price from weakening over the past several years. It follows that it cannot be regarded as enough support to arrest the decline and reverse it. 130p by the year end would represent an increase of around 75% and would automatically reduce the dividend yield very significantly. That seems vanishingly unlikely to me. Would anyone apply the same logic to any other company paying dividends of 7%? Secondly, I'm not criticising the specific Egyptian assets recently acquired by Soco. I'm simply observing that Egypt is one of many less developed countries where things always take longer than you expect. That holds true even when you adjust your expectations. It might be that Soco's Egyptian project goes gang busters. It might be that great things happen in VietNam. It might be that there are other new initiatives that prove transformative. But it seems unlikely to me that any of those possibilities can be expected to drive an increase of 75% in the share price by year-end. Thirdly, when I said things would not come right anytime soon I did not mean never, just not as fast as Mick suggested - ie that a 75% increase by year end was unlikely. Having said all of the above, I would be delighted to be proved wrong. I have a soft spot for Soco and have done reasonably well out of it over the years. I'm quite happy with my two holdings in the E&P sector but Soco is always on my watchlist so I'm ready to change my mind at any time. It certainly does not look exactly over-valued at present. It's possible that I'm feeling grouchy about Egypt because I've had an unsatisfactory experience with SDX where I recently exited with a loss of about 40%. Perhaps Soco will overcome the difficulties which have clearly exceeded SDX's management capacities. Good luck to you and other holders. One day I might rejoin you. T
lauders: Good timing IMO homebrewruss. I see we have a few holdings in common. If the slight tick-up in the SIA share price at close of play yesterday is anything to go by then you may have made a wise choice. No debt, good dividend payer, new acquisition, news to come now that there is a new chapter in the company's activities. I may even add more and never thought I would say that being down 65% or so including dividends.
kenmitch: 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.”
Soco share price data is direct from the London Stock Exchange
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