Member Info for mick-b

“ceoil agus craic" to all

Raggle Taggle Gypsy/Tabhair dom do laimh - Planxty 1973
https://www.youtube.com/watch?v=JyP407UnUWw&list=RDJyP407UnUWw&start_radio=1

“ceoil agus craic" to all

Raggle Taggle Gypsy/Tabhair dom do laimh - Planxty 1973
https://www.youtube.com/watch?v=JyP407UnUWw&list=RDJyP407UnUWw&start_radio=1

for Tuesday withdrawal deal
The awful DUP love a bribe

Is the worst of the worst
CORRUPT
The best directors go to the FT350 companies
AIM attracts whats left....the dregs... imo

Finn Russell MAN OF THE MATCH
Made in happen for Scotland

The most dramatic Calcutta cup EVER

England in trouble
oh dear!!!

https://www.tmf-group.com/en/news-insights/articles/2019/february/federal-revenue-law-in-mexico/?utm_source=Mondaq&utm_medium=syndication&utm_campaign=View-Original

A bargain for you but a disaster for me lo!
But careful with FRES as one of the main reasons it's poorly are new mining laws being proposed by Mexico
ATB

Is SOLO still your current babe!!!

Thanks AA for your input (SIA)
ATB

big changes in the top rec'ed posters

I'm v interested too as the bottom may have been found
ATB

Soco International
Results today from Soco which as always are primarily historical in nature and most announced today has made the news already. What surprised the market one could guess was that they owned up to having had a bit of a crush on Ophir, so much of a crush that they did indeed table a formal proposal for an all-shares merger with them, such co-mingling was rejected out of hand (one wonders why?) by the Ophir board and so Soco packed their tents without so much as a cash element being talked of.

Anyway, the numbers were fine $80.1m of PBT ($22.7) and a final dividend of 5p, up 5%. Merlon is where the excitement is and with which I concur and will double production along with the divestment the West African position. If you need to be reminded of the excitement in Merlon watch this interview I did with Ed Story when the deal was announced.

Core Finance CEO interview: Ed Story of SOCO

THE REST OF THE ARTICLE..

Tip Update: Hold at 68p

Tip style
VALUE
Risk rating
HIGH
Timescale
SHORT TERM
Our previous tip
We said BUY at 82.2p on 27 Sep 2018
Tip performance to date
-17%
By Alex Newman
In 2018, SOCO International’s (SIA) operating costs fell, its cash pile, cash flow, net assets and top line all rose, and its average barrel of crude even sold at a $3 (£2.30) premium to Brent. But the 28 per cent drop in the shares over the last year suggests shareholders’ focus is all on falling production.

SIA:LSE
SOCO International PLC
Today change
6.62% Price (GBP)
72.50
Full-year results contained no revisions to output guidance, but the trend is negative. Should SOCO hit the lower end of its 6,500-7,500 barrels of oil equivalent per day (boepd) target range, then production will have fallen 21 per cent in two years. Against this decline, a $37.8m reversal of an impairment charge to its smaller Vietnamese field came as a rare bright spot, and flattered reported figures.

It’s just as well that SOCO has a new strategy to tout, in the shape of a $215m cash-and-share bid for Merlon Petroleum, a low-cost Egyptian oiler producing 6,500-7,000boepd. That deal was rubber-stamped in December, and should complete by June.

On average, analysts expect adjusted earnings to narrow to 5¢ per share this year, against 6¢ in 2018.

IC View

The strategic growth push was given a new complexion after SOCO revealed a recently rejected all-share bid for Ophir Energy (OPHR), although a decision to stop the pursuit on the grounds of Ophir’s acceptance of a 55p a share offer from PT Medco Energi looks like a fudge, and underscores the difficulty of finding value in today’s oil and gas market. Even with the shares’ discount to net assets widening, we pull out of our short-term buy call in line with dimming market sentiment. Hold.
Last IC View: Buy, 82.2p, 27 Sep 2018

SIA share price was raising throughout the day btw

Yummy lolo!!!

LANGTRO
PMG lowly rated at 35 also mentioned it's a Momentum Trap
Hasn't made a profit since 2014 and forecasted losses to continue for 2019 and 2020
https://www.stockopedia.com/share-prices/parkmead-LON:PMG/

DGOC very highly rated at 92
Think Malcy likes this one
But the share price is well up
https://www.stockopedia.com/share-prices/diversified-gas-oil-LON:DGOC/