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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Soco International - Transformational acquisition should lead to re-rating

December 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SIA
  • Price:
  • 85p
During the go-go days in the “noughties” when oil prices whizzed from US$20 to over US$100/barrel, investors were happy to flock to what oilmen call “elephant” hunters, where executives aim to shoot the lights out with huge discoveries in spite of the greater risks of a duster. One such specialist was Soco International, which in its heyday soared from a float price of 260p in 1997 to over £21 a share, valuing the business at more than £1.5bn. The company made giant discoveries in Yemen, later selling that business to Sinochem for US$465m in FY’08 followed by useful profits on interests in Thailand and Mongolia. All told the company has distributed US$0.5bn to its shareholders.Good times th ...

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Soco - Oil group lining up exciting drilling programme (February 2010)
Soco - Big wild cat exploration success (October 2005)
Soco - Huge oil finds in prospects in Vietnam (August 2005)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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