Thalassa Share Discussion Threads

[pj 1] 16/9/2014 22:04

21trader 16 Sep'14 - 22:46 - 2794 of 2796 0 1

It's AIM management do what they like when they like and nothing will ever get done by the FCA.

Sooner you understand that the better. Aim gets worse and worse to invest in but
we all know the risks but after what GCO pulled earlier this year nothing surprises me but the chinese aim dogs come close.
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It gets worse because we let it

If more people complained and reported it then who knows?

But people do not.

[pj 1] 16/9/2014 22:02

ItchyCrack 16 Sep'14 - 22:53 - 2795 of 2795 0 0

PJ1 - your post is not worthy of a response, hence you're not getting one. You clearly still have a great deal to learn about the business world and I'm certainly not going to waste my time teaching you=============================================================================

= uneducated response. Thank you

[itchycrack] 16/9/2014 21:53

PJ1 - your post is not worthy of a response, hence you're not getting one. You clearly still have a great deal to learn about the business world and I'm certainly not going to waste my time teaching you.

[21trader] 16/9/2014 21:46

It's AIM management do what they like when they like and nothing will ever get done by the FCA.

Sooner you understand that the better. Aim gets worse and worse to invest in but
we all know the risks but after what GCO pulled earlier this year nothing surprises me but the chinese aim dogs come close.

[pj 1] 16/9/2014 21:11

More importantly

What is the point of a Board of Directors of a small cap AIM Company that cannot communicate with private investors?

[rp19] 16/9/2014 20:59

What is the purpose of the Thal discretionary trust? £4.9m loaned to the trust in the interims, what is the reason for this?

[bookbroker] 16/9/2014 15:29

He might say these are exceptional circumstances, what with the situation in the Ukraine!

[dlku] 16/9/2014 15:08

Every Simon Thompson of IC stocks tip is in the gutter

[speedsgh] 16/9/2014 12:47

Just another point of view...


"Thalassa Holdings also have results today. Time doesn’t permit me to go through the statement in detail but I will later and comment tomorrow I hope, especially if I get a chance to chat to Duncan. I am very keen on Thalassa and subject to the Russian fly in the ointment the story looks very positive with profits and margins up."

[bookbroker] 16/9/2014 11:14

Russia needs Putin, he just needs to respect his people, and put them first, without him I rather think the replacement would be unthinkable, at least he is smart!

[steptoes yard] 16/9/2014 10:37

There is the potential for upside surprise in the future but based on the visibility and transparency aspects, evidence of which is overwhelmingly obvious, this stock now falls within the scope of those who are not widows and orphans and also those wishing to preserve capital

[stemis] 16/9/2014 10:27

Looks like brokers are forecasting only a 9% fall in PBT for the full year. Under the circumstances that would be a good result. I estimate that would value THAL at about 4.8 x ebitda.

[paleje] 16/9/2014 09:58

House broker downgraded a bit:-

As a result of doubts surrounding the
Russian contract the house broker has
lowered their revenue estimates for 2014
by US$10.3m to $26.3m. The lowered
estimates allow for approximately US$7m
of revenue which is already contracted with
Statoil and SAExploration in the second half
of the year, with the balance of US$10m
anticipated to come from a combination of
further multi-client data sales as well as
proprietary contracts expected to be
delivered before year-end. In light of the
efficiencies that have come through in the
first half they are forecasting an increase in
gross margins to 39.0% for the full year
2014, up from 28.0% previously, which
results in underlying full year 2014
estimates of Profit Before Tax of US$4.5m,
down $0.5m, and earnings per share of
15.8c (previously 16.9c).
House broker estimates for 2015 have also
been lowered to revenue of US$30.1m,
profit before tax of US$5.5m and earnings
per share of 18.4c.

[rcturner2] 16/9/2014 09:54

Surely Ukraine is free to join whatever group it wishes? It is a sovereign nation after all? The fact that these countries desperately seek protection from their neighbour says it all.

[shanklin] 16/9/2014 09:53

RCT2, I have no issue with THAL having to deal with geopolitical risks. I do have a problem with THAL apparently creating a false market in their shares by not updating shareholders in a prompt manner.

All IMHO, DYOR.

[bookbroker] 16/9/2014 09:46

Flirt - I understand your angst, and I 'm speaking off the the cuff here, I agree that the Ukraine sovereignty should be respected, but why do they continue to flirt with Nato membership, it's like a red rag to a bull with Putin, at the end of the day he is no different to the the old CCCP Presidents, but independence within has to be decided by the populate, how much of East Ukraine would vote for closer ties with Russia, there has always been that umbilical cord! Putin needs a Black Sea base, is this what this is all about, ok perhaps instead of building that F1 track he should perhaps have chosen to build a dockyard! Sanctions always seem to achieve very little, except hardship for the ones who can least afford, like us pathetic shareholders!

[rcturner2] 16/9/2014 09:36

A slight overreaction from some here. It's as if nobody has any experience of SMEs. Many many businesses have ups and downs, there are always potential problems. One weak half year or even full year does not suddenly turn the company into a flop. THAL is in the oil and gas business, geopolitical risks and market risks are normal.

[ramridge] 16/9/2014 09:30

Did anyone here flag the potential Russian risk? The winning prize is a bottle of Vodka.

[bookbroker] 16/9/2014 09:17

Probably ripe for a takeover, however difficult to see much premium from here at current time, I see mikeja's point about this discretionary trust, Soukoup needs to explain himself on this one!

[stemis] 16/9/2014 09:11

What a complete screw up. This is a good business but the valuation tells us everything we need to know. Now valued at 1 x NAV or 1.1 x tNAV. The market has lost any faith in management to deliver the numbers and that will be hard to restore. How NOT to run a small cap plc.

[itchycrack] 16/9/2014 09:04

I don't see the oil price as much of an issue. If the price of oil falls too much OPEC will just cut production. All the major OPEC producers plus Russia all need oil at or above $100 a barrel to fund their country's spending etc. so IMHO there will be no collapse in the price of crude.