Occupation: Company Director, Entrepreneur, Other
Interests: Derivatives, Oil, Stocks
Location: Hastings, East Sussex.
About Me:
Stockmarket investor since 1964.
Buy and long term hold. Spreadbets. Sells covered options. I know the difference between a changed valuation and a profit / loss. I also know the difference between investing and gambling.
2008/9 was my best year for profits, ever.
I posted this in the other place today, in reply to some posts knocking Soco. I can help this debate by adding some previously unpublished information re dividends. I posted my intention to ask for them on Stockopedia before the 2011 AGM, and received some considerable flack for suggesting it; I was advised not to ask, from an unlikely alliance of ee and Isaac, who…
My share club has some Salamander shares and we are offered a Rights issue. The question is, should we? I know they were partners in the Soco Thailand Bualuang venture and found some oil. Soco then sold out for a nice profit, and Salamander is now raising capital to develop the Thai oilfield further and also for a venture in Indonesia. Does anyone have any…
I learnt something useful on holiday at the Cap d'Agde. There is a map of Europe on one side of a Euro note, with an alphabet letter followed by a long printed number. Presumably the serial number. The letter is the country identification code. If you are the owner of a note with the letter Y; you may wish to pass it on. Example of…
From Dow Jones newswires, 27th July; Pays $250,000 for an exclusive 3 months evaluation period at the copper – gold - silver Tiouit mine in Morocco, following a non-JORC evaluation indicating a possible 1.4 million grams of gold and 9 million gms of silver. The rock does not have to be mined because it is in tailings dams, it will have to be ball milled…
Thanks for the encouraging news, ee; it is good to see your positive attitude to dividends. An 8% or 10% sustainable yield? That will do nicely! MD
DJ Soco International PLC Director/PDMR Shareholding RNS Number : 7738Z Soco International PLC 12 March 2013 SOCO International plc ("SOCO" or the "Company") Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons The Company announces that on 11 March 2013, Mr Robert Cathery, a Non-Executive Director of the Company, became interested in a further 50,000 SOCO International plc ordinary shares of GBP0.05 each…
Needless to say, but I am going to say it any way! I am very pleased with all the news and constructive comment over the last 2 days. MD
WeeEck, Also bear in mind that PV are in the process of building a new larger refinery and probably do not want any increased production until that comes on line. They are playing a much longer game than SOCO. That is another valid point which supplorts our need for regular dividend payments. On a dividend yield of 5%, a 5 year delay will add 25%…
and there is clear evidence that the failure try to raise production so far above 55kbopd has nothing to do the FPSO. My understanding is that the bottleneck is not in the water handling tank, which is just storage and could be solved by renting a small tanker to hold the excessed processed oil, but in the capacity of the gas liquids plant. There was…
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