Sound Energy (#SOU) - £26.9m raised, oversubscribed through #PrimaryBid
- 2016-11-25 00:58:00
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.
Having asked for readers tips for 2016 for the amazing prize of lunch or dinner with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected a buy & sell pick and those to be listed on the LSE or on the AIM Casino)...
Having asked for readers tips for 2016 for the amazing prize of lunch or dinner with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected a buy & sell pick and those to be listed on the LSE or on the AIM Casino)...
Having asked for readers tips for 2016 for the amazing prize of lunch or dinner with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected a buy & sell pick and those to be listed on the LSE or on the AIM Casino)...
While we are working our way through the silly season when all sorts of rubbish zooms ahead, I see that Sound Energy (SOU) is nudging an insane market cap of £300 million while I write. It could well soon take the place of the soon to be departed Gulf Keystone as the oil stock of choice for the retail loonies.
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!
Having asked for readers tips for 2016 for the amazing prize of lunch or dinner with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected a buy & sell pick and those to be listed on the LSE or on the AIM Casino)...
Sound Energy (SOU) has been one of the best performing small oil companies this year in terms of its share price, but when you take a closer look it is hard to see how it justifies anywhere remotely close to its current valuation.
Sound Energy (SOU) has today boasted that it has signed heads of terms for Euro 28.8 million of new bonds with a coupon of just 5%. Sound fantastic. Except that if you dig into the detail you will see that, in fact, Sound could get away bonds only at junk pricing with a related party. That tells you that its shares are a stonking sell.








