Thalassa Share Discussion Threads

[itchycrack] 15/8/2014 22:12

Short and wrong!

[rbonnier] 15/8/2014 20:40

Short very very short !!

[jmf69] 15/8/2014 20:06

I think the problem is they have to turn some of the order enquiries and tenders into actual sales.

[bookbroker] 15/8/2014 14:00

Bad interims, the recent statement suggests to the contrary, however share price indicates a loss of confidence in the co. going forward, nonetheless on the basis of the high cash levels on the balance sheet this looks cheap, providing Soukoup has not squandered the fundraising earlier this year. Upturn for investors never more important than now, management need a boot up the rear!

[jmf69] 13/8/2014 19:11

The market has already priced in bad interims so hoping any positive news will see this bounce back over 200

[bigdazzler] 13/8/2014 14:36

To be fair this share needed a rest and to rid itself of 5 minute holders. A share I'm convinced once further news catalysts are presented along with favourable markets this will be testing the highs of £3+ and will then march past these previous highs.

Quite happy to watch and wait this one. Would be gob smacked if this fell below £1.5, so massive reward for little risk in my opinion.

[pj 1] 12/8/2014 16:44

All hoping its bottoming?

[burkedavid] 12/8/2014 16:40

Not much interest here these days

[mr macgregor] 03/8/2014 17:07

RBonnier has Rock Solid Images shares. Got to be a nutter holding that dog.

[rbonnier] 25/7/2014 15:15

What an earth are the zombies playing at

[rcturner2] 18/7/2014 14:39

I think it was the content more than the tone that put me off lol.

[jakecook] 18/7/2014 14:29

Ok thanks. But then if there are other ways to short a share he might actually be telling the truth? Anyways, I had imagined from the tone of his post that I'd be better off ignoring him...

[rcturner2] 18/7/2014 14:24

ignore the guy

people can be short in millions of different ways, spreadbets, CFDs etc.

[jakecook] 18/7/2014 14:23

RBonnier couldn't find any short position for THAL on shorttracker.co.uk/, what are you referring to? Thanks

[rbonnier] 18/7/2014 10:56

Traders have done their Trousers on this one as the mms have trousered all their money courtesy of those dreaded zombies who are sucking this Turkey dry.The dreaded zombies are still short very short moaning sell sell sell all the way down past 150p with a target of a quid in mind,will they be satisfied at £1 only time will tell .

[skirbell] 17/7/2014 07:07

The rise in the oil price over previous years has masked the increasing costs in the O&G industry. Now that oil has been around $100 for a number of years, O&G producers are seeing their ROI fall and are consequently cutting capex to compensate and to bring their cash flows under control.

THAL's services are 'new' which is a double edged sword. On the one hand, it offers potential, particularly within the seismic area to improve the chances of discovery and recovery. On the other hand, 'new' can be viewed as a risk by O&G companies who have reduced capex budgets but still need to deliver.

The fall here looks over done now based upon the slightly unclear trading statement but given the approaching August quiet period, it may drift lower.

[mr macgregor] 16/7/2014 16:28

The impairment was certainly of Fugro's own making as their accounting re. multi-client services was far from conservative. I for one won't be ignoring their comments on capital spending though. The oil price may be high by historic standards but it hasn't been increasing in line with costs. During the good times service companies get greedy. Their customers have no option other than to pay up for committed capital projects. Their retaliation is to pull the plug going forward. That's the phase we've entered now.

[gnnmartin] 16/7/2014 15:56

I don't get that impression from their corporate press release. Worth reading at I just hope Fugro are having difficulty because Thalassa are taking their business and forcing them to lower their margins!
Nigel Martin
PS. I notice that the Fugro press release is dated 10 July, and the Thalassa RNS is dated 11 July, so being optimistic, perhaps the Thalasa RNS was at least in part dictated by a desire to reassure those who might assume Thalassa would experience the same tough conditions as Fugro.

[cestnous] 16/7/2014 15:44

Seems that way to me as well Riv.

[rivaldo] 16/7/2014 14:51

It sounds more like Fugro's problems are largely of their own making, as the article suggests.

[bookbroker] 16/7/2014 14:43

Not really sure why cap. spending should be cut when oil price sustained at high level unless there is a global glut, cos. really need to more careful how they allocate their investment to ensure higher returns.

[mr macgregor] 16/7/2014 11:28

Unfortunately there is a slow down in the O&G sector as indicated by seismic bellweather Fugro.
"The weakening of the oil and gas market, as a result of decelerating growth of capital spending, is resulting in project delays and increased margin pressure in all divisions."
Fugro hasn't issued a profit warning for years. It's a well managed company and as the slow down has only come to light over the last quarter this is the wrong time in the cycle to get stuck into service companies imo.

[cestnous] 16/7/2014 10:42

Cheers paleje.