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 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 137.31 62.81 6.59 9.1 246
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 70.60p while the 1 year low share price is currently 57.50p.
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.
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?
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
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.”
greyingsurfer: SIA appear to have at least structured the deal correctly as unless the assets are a pile of dogs 'do-do' the seller would have surely backed out on the collapse of the SIA share price after the deal was announced if they could. The seller clearly could not back out. Or they are happy that Soco, once the deal is bedded in will reflect the underlying value of the combined companies much better, and that this remains the best deal for them taking more than a short term view. Take your pick of explanations!
tomke22: Hi Lauders. I watched the same video and I thought it contrived. One of the statements he made was that "He cannot cut the dividend because his wife would object". IMHO Ed is a 'snake oil salesman' and Malcy was giving him a very easy ride. It may be that the Merlon deal is good for SIA - I hope so, but the whole tone of the 'interview' was far too cosy. It certainly would not pass for journalism in anyone's book. If the deal goes through then at least SIA will be drilling again and the market will be able to measure how good the new team is by their results. SIA appear to have at least structured the deal correctly as unless the assets are a pile of dogs 'do-do' the seller would have surely backed out on the collapse of the SIA share price after the deal was announced if they could. The seller clearly could not back out. Regards Tom
emptyend: Just a few comparison of "performance" over the last five years.....TLW -71%PMO -68%OPHR -88%SIA share price is down 79% over the same period and, if you adjust for the dividends, it is down 66%. There is probably an adjustment to be made for OPHR distributions too?But in sum whilst the majors are up 10% or so and the likes of CNE have made much smaller losses thanks to some conspicuous drilling success, the mid-cappy E&Ps are generally similarly out of favour.That might be justified in some cases, but SOCO isn't overleveraged and is committed to paying decent dividends, unlike PMO/TLW.
pumph: I doubt oil will go to $300 either but on current/recent trends would imagine it would take the SIA share price to about £1.40...
Soco share price data is direct from the London Stock Exchange
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