Thalassa Share Discussion Threads

[sigala] 16/9/2014 06:27

Tin hats on, I think :-(

[pj 1] 15/9/2014 15:23

Good luck tomorrow.

We sure need a positive outlook statement

[hvs1] 14/9/2014 12:16

would think this will have an affect on old thal

"The US sanctions block support or technology for Arctic and offshore exploration by five Russian energy firms - Gazprom, Lukoil, Rosneft, Surgutneftegaz and Transneft".

"Russia has ambitious plans for Arctic oil exploration. Western partners including ExxonMobil and BP are already involved in multi-billion-dollar projects in Siberia.

The EU sanctions also block the export of oil services and deep-water technology. Transneft is also on the EU list, along with Gazprom Neft, the oil unit of gas giant Gazprom".

[jmf69] 08/9/2014 07:22

Results on the 16th of September

[speedsgh] 05/9/2014 12:52

"The Board of Thalassa is pleased to announce that it expects to release interim results for the first six months to 30 June 2014 during early September 2014."

Well, silence will have to be broken in the next week or so. Let's hope that they have plenty to say... preferably positive! Chart is looking like it may have finally bottomed out although Henderson still have a shedload that they would presumably like to shift so, barring exceptional news, we are unlikely to see any fireworks for a while yet.

[jmf69] 03/9/2014 10:12

Someone is confident

[rivaldo] 03/9/2014 09:48

Nice 60k buy at 182p just moved the price.

[bootie64] 28/8/2014 20:52

rjmahan
Are you referring to this?
Taken from rns in Jan

The Board reported on 8 January 2014 Thalassa's continuing strong performance in 2013, which the Board largely attributes to the performance of its employees and consultants. The Board is therefore keen to promote a programme of management share ownership so as to incentivise and reward these individuals on a long term basis for the benefit of all shareholders

To finance these purchases by the THAL Discretionary Trust, the Company has agreed to provide a loan of GBP3,054,768 to the THAL Discretionary Trust. The loan, which has been granted for a term of up to 36 months, bears interest annually at Base Rate plus 3 per cent.

The purchase of the 1,078,667 Ordinary Shares from the Company's treasury and the GBP3,054,768 loan from the Company to the Trust both represent related party transactions under AIM Rule 14. The Directors of the Company, other than Mr Soukup who is a trustee of the Trust, (the "Independent Directors") having consulted with the Company's nominated adviser, consider that the terms of these transactions are fair and reasonable insofar as the Company's shareholders are concerned. In reaching this conclusion, the Independent Directors viewed the sale of the shares from treasury at a price of GBP0.264 each, compared to a closing price on 7 January 2014 of GBP2.875, as being broadly akin to an award of free shares under a long term incentive plan to compensate these individuals for their relatively low levels of remuneration and equity participation whilst the Thalassa business has developed over recent years, and to incentivise and reward such individuals on a long term basis for the benefit of all shareholders.

Duncan Soukup, Chairman, said: "On a personal level, I have agreed to sell 1,000,000 shares, the benefit which will, over time, inure to employees and contractors deemed to be key to the future growth of the Company. This is part of a programme to increase employee ownership in the Company and is the first time in 5 years that I have sold shares. Having acquired 447,750 shares at the placing in April 2013, this sale therefore only represents a net sale of 552,250 shares, which equates to less than 100,000 shares on average per year since admission in July 2008. I have no intention to sell any further shares for the foreseeable future and certainly not the next 12 months."

[flyingbull] 28/8/2014 20:15

Ready for the September challenge??!! Entries for the September oil stock competitions are accepted until midnight this Sunday. Good luck!!!

[rjmahan] 28/8/2014 20:09

Just been looking at this - noticed loan to Thalassa discretionary trust - this is a trust set up - which appears to be buying Thalassa shares.

Does anyone have any info on why this is being done.

Report says "The THAL Discretionary Trust is a trust, independent of Thalassa, established for the benefit of individuals or parties
to whom the Trustees wish to make awards at their discretion."

This has really put me off....

[bootie64] 28/8/2014 12:37

Let the tug of war commence!

[pj 1] 25/8/2014 15:56

janeann 22 Aug'14 - 12:21 - 2732 of 2733 0 0

Failed on all fronts. If Im down that way then its a door knock. Beyond belief really.......

[steptoes yard] 25/8/2014 13:29

much rests on whether they RNS every single (and without exception) contract win. If that is the case then we need to hear more but if it is not the case then there could be multitude of Tier 2 awards being won that do not justify an RNS.

[janeann] 22/8/2014 11:21

well of course the statoil contract was for 3 years which we know is going ok, (so 1.5 years in) and they had one further contract some while back. But we do need some firm new orders, not just a very good pipeline.

Did you ever contact the company PJ?

[pj 1] 22/8/2014 10:37

from 11th July

Thalassa has experienced good trading in the year to date and continues to experience healthy levels of order enquiry. Accordingly the Board remains confident that Thalassa will deliver another satisfactory performance for the year ending 31 December 2014.

[shanklin] 22/8/2014 10:27

I'd be happier paying more but with the knowledge that THAL have actually converted something significant from their order pipeline, rather than buying into one of the multiple tips here.

[pj 1] 22/8/2014 09:49

Have we actually currently got a higher high?

[ramridge] 22/8/2014 08:50

IC and in particular Simon T have been consistently bullish about THAL. The recent sell-off is IMO overdone.
Assuming a fall in EPS for FY14 from 26 cents to 17 cents (-35%), the forecast PE stripping out cash of $32m, is around 9. Too cheap.
Risk/ reward ratio is definitely on the right side - but DYOR.

[paleje] 22/8/2014 07:59

It isn't ST, although he works for them, it's Matt Allan, their views are published separately although you'd assume there's crossover.

Anyway I agree its odd that analysts and commentators unanimously rate the stock yet the company's carefully chosen language in the trading update was modest. I don't think there's an 'empreror's clothes' moment coming up but I do think they're having problems converting their pipeline due to personnel constraints which they're addressing and O&G spend in general slowing. I must admit my average is underwater but I won't add till things are clearer.

Looks like the article has sent us blue for a while:)

[shanklin] 22/8/2014 06:45

So, is MA saying that THAL have failed to RNS a number of significant new orders? That sounds most unlikely. All IMHO.

Note: Per the post below, I have corrected ST to MA.

[paleje] 22/8/2014 06:03

IC (not the Simon Thompson column) made THAL one of their tips of the week last night so will be in today's magazine, their conclusion:-

"Thalassa is thriving in its highly profitable niche, despite the flagging share price suggesting otherwise. The company has a strong balance sheet, a solid order pipeline and a highly in-demand product. A single-digit forward PE multiple, net of cash, is simply too cheap. Buy."

[cestnous] 17/8/2014 11:44

Rnobbier means he's only a small person Itchy.

[gymratt] 15/8/2014 22:36

Obvious first support at 150p..so no rush for short positions to close out, IMO.