Published 14 hours ago
I’ve been bearish on the valuation of Sound Energy (SOU) for a while now, and nothing in the updates this week on Tendrara or its final results have changed that opinion. Don’t get me wrong, I can certainly see potential in this company, and it has done well to turn things around and get to where it is currently, but I still think that it is crazy that it is trading at a market cap of well over £500 million at this point in time.
Published 16 days ago
No doubt the spivs are on the ramp again but shares in Independent Resources (IRG) have dived by 30% to 0.415. That is because the stock has today on ex-rights on the open offer announced today. If you buy now you do not get to take part in a 2 for 3 offer at 0.065p! So do the maths again.
Published 23 days ago
Shares in Independent Resources (IRG) are up 569% today. I know James Parsons of Sound Energy (SOU) has joined but this is insanity, a rampfest by many of the usual suspects. Just do the maths! If you cannot I can do it for you in his bonus podcast.
Published 125 days ago
I will not be. As far as I can see the current market cap of £450 million is borderline insane and certainly not justified by the fundamentals. So I don't blame Sound Energy (SOU) at all for raising cash at this level. If folks want to pay up, the company would be crackers not to let them. But some will disagree.
Published 233 days ago
One of the biggest red flags of a company being ridiculously over-priced is its directors selling shares, and that certainly looks to be the case with Sound Energy (SOU) following its after hours RNS!
Published 909 days ago
When I last wrote about Sound Oil (SOU), I suggested the “valuation looked stretched”. People lined up to disagree with me, not least Brokerman Dan. The problem with the rebuttals is they just sounded like the same tired old lines trotted out about countless resource stocks on AIM, all promising heavenly riches. And we know what happened to the overwhelming majority of them. Despite my cynicism, I was approached by a friend of Sound Oil’s asking if I’d talk to CEO James Parsons to hear his version of the story. Earlier in the week I caught up with Mr Parsons and there could be more to this company than I initially thought.
Published 968 days ago
Ben Turney is entitled to his view on Sound Oil (here) but he is wrong. Take it from the man from the Manc slums. I own the shares and this is why Sound (SOU) will make money for Brokerman Dan.
Published 971 days ago
Tom and I have recently published a new e-book, “The 49 Golden Rules of Making Money from Oil, Gas and Mining Stocks”. Over the last few months, Sound Oil (SOU) has provided a perfect case in point for several of our Golden Rules. Back in the spring, when the shares traded hands between roughly 4.6p and 6.9p, this could have been a wonderful stock to buy, based on the company’s success at Nervesa. Thorough research and good timing would have definitely paid off. Today, however, at 12p (last seen) and a market cap of £49.84million, the risk/reward balance appears to have tilted more towards the risk side of the equation, despite the progress the company has made. And if you don’t believe me about this