7th Apr


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.

MadDutch's Latest Blogs

I have sent this to Roger Lawson at Sharesoc this morning; I challenge the legality of the enormous increase in H-L's charges followed by even more charges for taking my business elsewhere. If enough people are willing to join me, I will; - make a formal complaint to the FCA on the grounds of bad conduct. - Make a refusal to accept the charges, in…

My wife and I attended the last Oilbarrel and enjoyed it. Sorry nobody turned up, the Italian meal was super. The best presentation was from consultants Rockflow, I will post it later when I have permission to do so. The most interesting was San Leon which is currently fracking in Poland and producing some gas; If anyone is interested, my contribution, 3 questions, is…

Sharescope and other services publish dividend yield percentages, I use Sharescope. They include ETFs, but have nothing entered in the yield column. Lots of upbeat articles have been written about ETFs and their very low management fees, 0.15 to 0.3% in the case of Vanguard. This implies that nearly 100% of the underlying investments dividends are paid out; but are they? Where can I check?…

I have some shares in this company, which has been inactive since 2004. I can find no record of it being delisted. Any information?

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 I can help this debate by adding some previously unpublished information re dividends.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…

MadDutch's Latest Comments

ee, some thoughts on your post 41. What will happen to Talisman's "pimple in the bum of TGT?" Their production goes with ours into their FSPO, which may be underutilised if we stop using their ship when we start sending our oil to Bach Ho, or will they have to lay a new pipe to join our pipeline system? Frankly, serves them right for the…

Thanks Ex Townie for the presentation link which is very interesting. Especially on page 9, which shows possible forecasts for the undrilled blocks H2, H2S, and especially H4S with its impressively large olive coloured area. Very pretty! I think that means there is plenty of new potential exploration excitement in store for us after 2016. I have been in Soco for 14 years and am…

Good work ee; thank you. I am glad Soco is standing its ground, and has not surrendered to eco bullying. The public has a right to know where its money is used and wasted.  It may be the time to have a public investigation into the WWF CEO's pay. MD

Thanks for your useful guidance, Keith. After the 2012 AGM, RdS came over to me and told me that the directors were very interested in the dividend / capital return matter which I had requested. It is nice to have the Chairman's attention. I agree with Ed, when he said we have a unique business. An enormous cash producer with an oil exploration upside. If…

I am very impressed by the managerial competence of Next's directors. As for Soco, my views are known. I want it to be on a 5% dividend yield to equal Shell. That means a share price about £8. In addition, a progressive dividend policy so Soco is recognised as a dividend growth company. I think it was a mistake to call our cash payment a…

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