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Lots of businesses are still recovering from Covid.
Sound is one of almost every business
Charts, mostly reminds me of slopes Skiing in Austria, from top to bottom.
One element as to why the share price has been falling is the drop in profits. This shows us the net income over the past few years.
There was a large drop due to the negative impact of Covid-19. Being one of the Biggest crashes in the history of the stock market….The first was 1929 stock market crash…Second was Black Monday crash of 1987…Third was Dot-com bubble of 1999-2000
….Fourth was the Financial crisis of 2008 and finally …. Number five, Coronavirus crash of 2020
I remember going down to nearly the bottom of the slopes fairly quick but getting back to the top of those slopes wasn’t as fast but it gave me time to recover.
Recent Share Trades for Sound Energy (SOU)
Date Time Trade Prc Volume Buy/Sell Value
27-Dec-23 16:29:51 0.694 750,000 Buy* 5,205 O
27-Dec-23 16:07:49 0.688 72,674 Buy* 500.00 O
27-Dec-23 15:04:01 0.689 143,694 Buy* 990.05 O
27-Dec-23 14:02:45 0.694 21,000 Buy* 145.74 O
27-Dec-23 14:01:11 0.70 3,000 Buy* 21.00 O
27-Dec-23 14:01:11 0.70 1,000 Buy* 7.00 O
27-Dec-23 14:01:11 0.70 10,000 Buy* 70.00 O
27-Dec-23 14:01:11 0.656 4,500 Sell* 29.52 A
27-Dec-23 13:57:33 0.694 35,165 Buy* 244.05 O
27-Dec-23 13:49:49 0.694 13,551 Buy* 94.04 O
27-Dec-23 13:46:19 0.70 5,000 Buy* 35.00 O
27-Dec-23 13:46:19 0.656 26,000 Sell* 170.56 A
27-Dec-23 13:21:35 0.68 1,770,141 Buy* 12.04k O
27-Dec-23 13:18:28 0.68 35,007 Buy* 238.05 O
27-Dec-23 12:21:33 0.656 764,017 Sell* 5,012 O
27-Dec-23 12:12:09 0.656 50,000 Sell* 328.00 A
27-Dec-23 11:38:36 0.6611 129,698 Sell* 857.43 O
27-Dec-23 10:49:05 0.694 135,000 Buy* 936.90 O
27-Dec-23 10:48:37 0.668 1,124,544 Sell* 7,512 O
27-Dec-23 08:28:14 0.725 136,621 Buy* 990.50 O
27-Dec-23 08:05:33 0.66 1,240,000 Sell* 8,184 UT
Love skiing, I’ve been down Lots of slopes, in many countries, going to the bottom then back to the top.
You can’t go skiing for nothing, it costs and you take the risks but you get better and better, also enjoy the flights but not the falls.
Like you I’ve had the falls but I’m still here feel SoundasaPound ( most days ) and still like having Sound Energy to BUY BUY BUY
To put it simply never invest in AIM and never invest in unregulated territories like Morocco and never invest in anything James Parsons promotes . Everyone gets burned ! Exceptions - James Parsons and other BoDs the Moroccan Government and Malcy ! Well done FCA ! Happy new year everyone
Tincan - the issue here has been that for more than a year, i'd say really many years, there has been no real strong credible and funded investment prospect that would encourage new investors to invest in equity here. If you're objective/honest I think most would see how there has been practically no buy side strength here for years. In the absence of that, what you have is market makers / brokers who are chopping in and out of the market but ultimately mirroring the net sell side strength here. What that means is that yes, if you have no buyers with which the match up the selling via broker bid/offer spreads, you can have markets that appear and do move a lot on low volume trades. The issue is not that they do that, it's why. Because there are practically no buyers here, none. Why is a question anyone invested here should be asking themselves. Something hasn't smelt so good here for a long time, whether it be unexplained delays, constant funding uncertainties, the constant of slipping deadlines or the seeming mismatch between what the company proclaim is a Moroccan state / gov't keen to encourage foreign investment in he energy sector butting up against the glacial timelines, local beaurocracy, tax issues and more. Something does not add up to me. I see that the overall market sees it similarly, hence the sp. I don't wish anything against individual SHs here despite what some may think, but I have a polar opposite view to most of them of GL, GD and the rest of the team. I think they've been shown to be underhand, misleading and incompetent around timescales, funding and transparency for a long long time. If you look at the SH register you'll realise that really, the main SHs aren't that exposed to little old SOU. ONYHM will get paid hansomely via royalties no matter who ends up producing the gas, AG will get paid most of their money in the same way, neither by the SOU sp. I'd dare say they've both written off the SOU 'investment'. A company with a £25-25m mcap (at the time) getting an LOA on an approx $250m loan, sitting on multiple TCF (cough, cough as Brian would have interjected) - none of it looks or feels right. There is in my mind a 1-2% chance GL pulls a starved and defective rabbit out of the hat in the next few months, but I think a 98% chance or higher of funding, timeline and weight of incompetence leading to SOU's demise soon. It's just my view, but one that's been correct to date. Two morning's left for an RNS re the 31/12/23 bank loan deadline. Will be interesting to see which way it goes, although all but Pescado must have a fair idea now. Seen too many of these AIM mgt teams behave in exactly the same way, I'd dare say we would all say that if no one was badly and unfairly (perhaps) under the water here.
Kylie75, I do understand some of the points you make , but I do feel we have been hammered by the small trades . I also wouldn’t keep posting like you when I’m not investing or invested in the company, life is too short, enjoy every minute!
Ps I’m here whatever happens, as I’ve lost a lot already, so the rest is written off .
Tincan, I’d try not to get confused with cause & effect and things posted on this anonymous bb. It makes zero difference about what’s posted here, none in the end. It can impact sentiment very short term, that’s it. In the end it’s mgt many many failures to blame, nothing more.
I think the sp has been forced downwards by dark forces?
Looking for something that has lots of promise / cheap takeover & all the small trades for pence buy/sell have eroded confidence here over the last few months.
I also can’t get my head around the non shareholders that can’t just do one , but persist in kicking us
Good luck Graham & team in whatever you can do in 2024 .
You are a non-shareholder using this BB to have a go at the company over the Christmas holiday. Could you not just send them an email? What SP are you looking to buy back in at?
Anyone that can't fathom the sp lower, just go and look at another of Parson's f ups, Echo Energy. Overriding principles are similar, even if detail obvs different. it has a mcap of 650k, so 15x smaller than SOU. that's a target for GL in Q1 2024 perhaps, dragging value here down to levels where the assets willbe removed fromSOU stewardship, leaving no equity value here at all. GL's unwillingness to face up to investors is the signs of very poor character indeed, no backbone, no morals, nothing if you scratch beneath the surface in terms of ability, aptitiude or moral fibre.
The glaring issue is, the silence from GL & Co compounds the very obvious issues here, and is sapping any remaining confidence i suspect. the mcap is now nearly sub-£10m, with a sp of 0.65p. to call this a penny share company is massively overstating the size of sou now. it will become increasingly impossible to fund raise now with such a low mcap, and it's a vicious cycle i'm afraid. what looks like a large say 20-30% fall in sp, which is easily possible in a day now, is only £2-3m in mcap,so nothing at all. strategically & tactically this has been an utter disaster from start to finish by GL, despite what some posters here would have you believe. the sp discounts all this news, and tells you all you need to know. it's impossible to prove given how weak and ineffectual the FCA is, but i'm convinced, as i've stated many times before, that there are many seemingly 'bullish' posters here that have polar opposite motivations. there can be no excuse for such continued rah rah bullish posts in the face of the blindingly obvious here. unfortunately i don't think GL will listen, respond or even reply to investor panic/concerns here. as i've said before, he clearly has complete contempt for SHs, and the next RNS will unfortunately prove that I think. sp and company situation are two very different things. i'm afraid he'll feel under much more pressure from bondholders, than SHs - btw, the debt here is now a massive 250-300% of the mcap!!! Another extremely worrying metric. only small trades today but 98% of the 3-3.5m traded are sells. go figure. more to come in the days ahead - the company must RNS by 4.30pm on Friday given the bank funding deadline on 31/12/23, that's not going to be a happy read.
Check Poscado’s comment history lol he’s been telling everyone to buy buy buy since SOU was 33p. He’s a special mental case 😂😂
Surely this appalling and relentless decimation in our value deserves a comment from GL.
This is shocking.
The stupid rhetoric via Pescado is like a child posting. This is not a game and there are people on here with significant losses i am sure.
ddboy
How much did You Spend over Christmas.?
If you didn’t spend to much…..
It’s SOUND to Buy after Christmas ; BUY BUY BUY
A 1.24 million sell.
kylie75….we wish you a merry christmas , we wish you a merry christmas, we wish you a merry christmas and a ****upyourase.
have a sound christmas buy buy buy
Usual unsocial hours posting. Zzzzzz. So predictable.
Gotta hope that Calvalley comes through very soon. A raise at current prices would be very dilutive. £2.5m could end being half a billion shares, unless they can find another sucker to pay a premium over the current SP like they did with the convertible notes last year. SOU were supposed to be fully funded through end of 2023 *IF* they were able to draw down the second tranche of the loan notes announced in June (about 40% of the total). They didn't meet the share price criterion for that, so I presume they are pretty strapped right now.
Only difference is that 55 reg car is currently being driven by a very incompetent driver. The same driver with a proven track record of nothing but fatal accidents. Currently share price already a concrete prof the vehicle is heading towards a end of a cliff. I don't want to be negative but everything Kyle said making sense and current share price is a PROOF!
KTF What if Kylie is right and SP is where it is buzzing around 7-8p per share at rock bottom and likely to go lower ? You could be right as you’re heavily invested and price will rise ..Which sounds right to the rational investor. Facts v Hope Merry Christmas everyone
Sound was formed in 2005, but the story of its growing success really starts in 2010.
That’s similar to a car 2010 You couldn't put it on a 55 reg (2005) vehicle.
The difference is the older that car gets and is looked after through all the rides, full service history, MOT’s, Log book. You can’t go wrong, in fact with changes going forward UPWARDS & ONWARDS, look at the Roll. RR.
The Motor To Buy is SOUND - BUY BUY BUY
Calm down ktf, don't shoot a messenger, it's the mgt here that are responsible, no one else.
anyway, agree there'll be little here to post about for the next few weeks at least, so hoping you have a good break away from it all.
Kylie, you are one sad little fcker.
it's all very well being negative, but you are a nasty piece of work.
I know if sound went bust it would make your year but it’s NOT going to happen.
This is an investment in a small AIM listed company – that’s it.
Do try to get a life.
It’s nearly Christmas, how about spreading a little joy and happiness?
I’ll be turning off the screens soon and enjoying time with family and friends.
When I look back in January I assume I’ll see you’ve posted throughout the holidays.
Happy Christmas all.
1:10 on that last one,of couurse, lol...
Incompetent, inexperienced and 'out of their depth' management is the sole reason the sp is trading at a record all-time low this morning, nothing more, nothing less. it's their contempt for SHs and unwillingness to come clean that can explain why no one wants to buy these shares. i'd hazzard a guess the ratio of deadlines missed to hit is 10:1 and the ratio of truthful transparent statements made by them to the opposite is 10:1 too. there's your problem. mgt.
Thanks John, very useful.....even if a little ambiguous?!.
Don't be such a gobsh**e. 'Is SOU about to RNS a blah blah blah' Isn't that someone posting on here whatever you want as usual. Merry Christmas ;-)