UK 08:49 Wednesday, 23 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.
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Comments
bobby c
Best CEO on AIM, he will deliver for shareholders and probably get offered a massive salary by a major pretty soon.
wildrides
nice share Ben ……… still think its fairly valued at the moment tho ……… which is why I sold out and went into Donkey Hill . Here’s hoping .
Slim McFizzlebeef
Sound has felt like something of a con since the funding earlier this year at a true price of 4.88p.
Various devices put in place such as warrants allowed the mgmt to claim the financiers were investing at a big premium, whereas that wasn’t really the case.
Simon
Undervalued in my opinion. Just look at the assets that will come on stream over the next 3-6 months. Nervesa discovey, farm in on Badille fom major international oil company which could be announced in Nov 2014. 25p on the way imho. Grea company. arsons is one of the most honourable oil men on AIM. Man got integrity and he’s doing a super job at Sound Oil.