Register
Login:
Share:
Email Facebook Twitter

SOU Share Chat - RSS Feed

Sound Oil Share Chat (SOU)



Share Price: 12.375Bid: 12.25Ask: 12.50Change: -0.25 (-1.98%)Faller - Sound Oil
Spread: 0.25Spread as %: 2.04%Open: 12.625High: 12.625Low: 12.25Yesterday’s Close: 12.625


Share Discussion for Sound Oil (SOU)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


HarryJackson
Posts: 182
Off Topic
Opinion:No Opinion
Price:12.25
View Thread (8)
RE: Jp visit to Italy
30 Jul '14
He's sweet talking the middle management at ENI!

Not much of a secret there has already been some talks on Badile farm in (most probable subject). That's the next catalyst for tick up in SP.

Correct me if I am wrong but that was, at least in part, the thinking behind moving offices from Rome to Milan. The offices are practically next door for any discussions. Wasn't that the big fuss about Stuart Joyner (spelling?) coming to Sound last year and get the investment needed on the finance side. Hopefully, the geology talks for itself!

I'd bet they'll do a deal sometime this year. Sound want to jump into bed with ENI without a doubt. Thoughts?
 
crudehope
Posts: 3,004
Observation
Opinion:No Opinion
Price:12.25
View Thread (8)
RE: Jp visit to Italy
30 Jul '14
Joe, could be any number of things. Maybe Brokerman & doc (Batman & Robin) will get to hear something. Sounds like another excuse to ramp up the takeover rumours..................maybe Badile form in talks; could be a UNIMIG meeting - that Badile permit should be due & we only meet with UNIMIG about 4 times a year. If they think January or February for Badile, they are going to have to start ordering long lead items soon. Badile Permit news nex week?

Crude......off out canvassing the great unwashed for our local bi election! If we don't win (I've worked my socks off).......................... I'll eat my Tshirt!
HarryJackson
Posts: 182
Off Topic
Opinion:No Opinion
Price:12.25
View Thread (10)
RE: Sound, a model AIM company
30 Jul '14
Genuinely I probably do, serves me okay though. Thankfully I don't email too often professionally. Contrary to many company models, you do not need to email a million and one people (internally focused might I add) to run a business. I'm deal maker in general, but am extra cynical with AIM investments and why I may come across defensive.

To be clear though, I was genuinely complimenting Sound here with my first post and it was the dilution patrol that got a tad angry and took exception to that remark. Understandable if they've watched 50p diluted to 12p, but to the end of the world. If you're a bull a stock it should not matter the price at that point and time (and vice versa might I add). All relative, as I said earlier. Bullishness/bearishness is forward looking, not retrospective!

You guys are okay with Sound here. She's solid and funded so again no dilution to be expected. One for the back burner and money to be made.
JoeCreed
Posts: 1,973
Off Topic
Opinion:No Opinion
Price:12.25
View Thread (8)
Jp visit to Italy
30 Jul '14
Any thoughts?
Genghis15
Posts: 430
Off Topic
Opinion:No Opinion
Price:12.25
View Thread (10)
RE: Sound, a model AIM company
30 Jul '14
Not my argument here, but a thought occurs to me...
Harry, do you talk like this face to face? Or in company emails?
HarryJackson
Posts: 182
Off Topic
Opinion:No Opinion
Price:12.25
View Thread (10)
RE: Sound, a model AIM company
30 Jul '14
You are most welcome UK!
It's all relative to you're buy in price I guess, but 50p may never happen here again with additional number of shares and a very different market today.

Thanks for your reply and telling me nothing I did not know already.
UKInvestor
Posts: 2,929
Off Topic
Opinion:No Opinion
Price:12.25
View Thread (10)
RE: Sound, a model AIM company
30 Jul '14
'dipstick' - nice.

The market knew that SOU were in a precarious cash position after the first Nervesa drill and took the SP to the cleaners. Rapa had only just come online and SOU was still hunting for permits for Casa; our cash burn was seriously high as we had staffed up expecting progress to be quicker than it was.

Nervesa was significantly delayed and we lost an expensive drill bit while drilling. The market saw that SOU did not have the funds available to drill the second well without a significant dilution, therefore the SP crashed from 13p to 4p.

SOU diluted at 4.2p + took on a loan from an ex-director to ensure that it could progress its plans in the short term.

Yes the II paid a decent premium on the shares at the time, but if they were to accumulate those shares on the open market, they would have had to paid more in my opinion as the market would have known someone was accumulating a significant holding. Plus, with the dilution avenue the II would know for sure SOU would have the funds to continue drilling operations.

Cracking bit of business, maybe, but don't play it off like shareholders have only seen positive progress from JP. we are still only at 1.2p old money (before consolidation).
Bhogey
Posts: 73
Off Topic
Opinion:No Opinion
Price:12.25
View Thread (10)
RE: Sound, a model AIM company
30 Jul '14
My apologies for any suggestion of calling you naive in any shape or form, but thanks for calling me and many other investor's fools.
Mert1
Posts: 17
Off Topic
Opinion:Strong Buy
Price:12.25
Beaufort Securities
30 Jul '14
I like the comment today from Beaufort Securties:

'. With these set of activities, the company is gradually progressing to become a lucrative mid-cap oil & gas company.'

ATB to All Invested!
HarryJackson
Posts: 182
Off Topic
Opinion:No Opinion
Price:12.25
View Thread (10)
RE: Sound, a model AIM company
30 Jul '14
Your leading question is quite right UK, that was dilution with new equity issued (prima facie to the detriment of existing shareholders). HOWEVER, it was issued with a deemed value of 9p or something like that... at a premium to the share price at that time.

Cracking bit of business there! 99% of institutional investment on AIM is at a whooping discount, but never (NB not literally never if you are as pedantic as I think you are) at a good premium.

Jog on dipstick...



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices
Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.