Sound Energy plc (lon:sou)
Sound Energy - I Simply Don't Understand!

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Title:	Sound Energy - I Simply Don't Understand!
Company:	SOU - Sound Energy plc
Share Price Then:	45p
Author:	Ian Smith
Date:	Wed 09 Aug 2017
Comments:	Sound Energy are a Mediterranean gas company who have been on the AIM since 2008 and are yet to pay a dividend. They came to my attention because of big share price movement and the fact that they have a £332m market capitalization. In other words the numbers suggest a company worthy of study. Just in case the lack of dividends is worrying the highlights in the latest annual reports include Completion of group debt-refinancing Successful £26.9 million institutional and retail placing But nothing about revenue. That may be because revenue for 2016 was £0.8m (yes £800k and down from £0.9m the previous year) and a reported loss of £15m. Yet the CEO James Paterson received just over £1m in salary, performace and exceptional bonuses! Maybe I am missing something and the company is about to start coming on stream so I decided to look for Broker Views, but Only finnCap and Cantor Fitzgerald are covering them. All in all a lot more research seems to be needed before a decision can be made.
Read Count:	158

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