Thalassa Share Discussion Threads

[rbonnier] 03/5/2016 17:46

Another rns ds bought another 25k at 44p good to see the chairman backing the company with his own cash showing confidence.

[masurenguy] 03/5/2016 15:53

Shareprice beginning to recover in tandem with the oil price.

[rivaldo] 03/5/2016 15:01

Nice move! Good to see DS buying another £10k's worth of shares.

[kooba] 03/5/2016 07:13

Duncan must have read my last post!Good to see buying...Not sure company strategy on share repurchases is currently?

[hammers976] 25/4/2016 18:29

Thank you kooba, that was very useful information.

[hammers976] 21/4/2016 22:48

I don't quite understand the loan to the THAL Discretionary Trust and the subsequent write down. Can somebody shed some light?

[rbonnier] 14/4/2016 13:00

Apart from the results the news flow here has all but dried up.All stocks on AIM are news driven so that explains the constant relentless selling here just one lousy 33k sell so far today all rather gloomy with nothing to drive the price up north .

[bookbroker] 12/4/2016 09:43

Time to load up?

[rbonnier] 05/4/2016 13:37

I liked the results all the write downs are in the price and with the cash at the bank the companies for free. I am now long and accumulating the company is very vulnerable at this price to a takeover and could be a bid target for john wood short this now at your peril you will be very very sorry indeed.

[bookbroker] 05/4/2016 10:10

I received an email from DS. a while back with regard to the value within here as opposed to the share price, pretty much of what he said in his response is reflected here, patience clearly the key now, and managing to operate in this very tight market without markedly diminishing the assets on the balance sheet!

[pj 1] 05/4/2016 10:05

Like Masurenguy and others I do not like some of the unsubstantiated (fundamentally at least) comments on the BB, and for those bored enough to look back far enough you will see in 2014 I also poured scorn on RBonniers then negative comments and stated short positions. I was long with 300%+ profits at the time :-)

If it was just luck or not, or based more on Industry knowledge I do not know. But it was one hell of a short call as the share price reduced from a highs of 280 ish and I think Bonnier started closing his shorts around 60p (assuming it was his true position off course). Not saying who is right or wrong but thought it was worth mentioning

Currently no position.

[rivaldo] 05/4/2016 09:16

Remarkably good results, with 61p cash per share and a $1.3m net profit for the year (pre-exceptionals).

Interesting that one of WGP's main competitors went bankrupt, and from the sound of it more will follow. With $20m cash, and the language being used by DS, it sounds like THAL may be lining up a bargain acquisition or two in picking up cheap assets at cyclical industry lows.

At a £9.8m m/cap there's certainly substantial upside if THAL continues to be managed conservatively and can take advantage of current conditions to maximise its position.

[kooba] 05/4/2016 08:16

Always an entertaining read from Mr Soukup.61p cash per share...write downs having been taken.Cheap but a little way off a sustainable recovery in the sector as yet but a value play for the pick up when there's devastation all around.

[bookbroker] 05/4/2016 08:01

This is simply too cheap, $20.5mln cash, trading performance creditable in a brutal market, there is a complete disparity here between the true valuation and the what the share price reflects!

[masurenguy] 04/3/2016 16:58

Oil price up 20% over the past couple of months and the THAL price has followed suit.

[bookbroker] 20/1/2016 13:23

If I did RB. WHI not worth listening to, they don't have much of a clue about how to even run their own business!

[rbonnier] 20/1/2016 12:36

Anyone have the latest information from W H Ireland on 7th December they slashed their share price target to 60p from 110p reiterating buy ,anyone with an update ?

[kooba] 20/1/2016 12:33

Got a sit back and take a view some times old boy and not get too emotional.Do you really think the price of oil itself will not naturally kill off a large chuck of high cost supply over the coming months and that the lack of investment and natural depletion of existing fields will not turn the marginal net oversupply to net overall shortage over coming months.I can personally see a sharp spike in oil before the end of the year back to $50-$60 range and there will be some major reratings across the sector.We would then get a burst of dormant development activity.Got to pick the survivors of course ...certainly not straight exploration plays here...but I think there is great value if you can take a 12 month plus view.But your view seems prevalent at the moment ...don't buy anything in the sector...probably until it doubles!

[bookbroker] 20/1/2016 12:12

Maybe you , Kooba, could enlighten me what the point of buying an E&P. co. when the likes of every other oil co. are withdrawing from that sector, and don't suggest Petroceltic, they can have it for free along with several hundred million debt!