Thalassa Share Discussion Threads

[rcturner2] 25/11/2014 12:07

rb, you called this one correctly, well done.

[rbonnier] 25/11/2014 12:01

I have been closing some of my short positions this morning just as I said I would after the profits warning .fwiw in my opinion I think this will get run into the ground run out of cash and have to go cap in hand to the market for a bail out sub 10p sometime next year ,just a guess mind nothing else

[rcturner2] 25/11/2014 11:57

cash burn is the issue here, removes all security in the share price

[bookbroker] 25/11/2014 11:46

Seems there is very limited business available, until the oil and gas sector picks up it looks pretty bleak for many cos., strange turn of events when one considers the level of optimism this time last year, I believe that the global economy seems to be improving over all, but in reality we are entering a very dangerous phase where it's clear the ones who can are doing their best to try and buy themselves out of trouble, the US is in lala land, can they keep growing with their isolationist policies, they are self sufficient in pretty much everything so do they need the rest of the world, normally when their economy does well the trade deficit goes off the scale, but oil and gas has changed all that, and it seems that the imbalances with China have evened out considerably in the last ten years1

[technofiend] 25/11/2014 10:22

I think things could get worse and the price could drift downwards for a good while longer.

[bookbroker] 25/11/2014 09:59

Why's that Techno., don't you think with that statement things can not get much worse!

[jack jebb] 25/11/2014 09:58

What percentage of their business is non Russian related?

[technofiend] 25/11/2014 09:57

I see, thanks.

I'm going to wait for this to fall much lower before I consider purchasing.

It could easily hit 25p

[bookbroker] 25/11/2014 09:55

Well it's time they stopped burning through cash then, if they've any bloody sense!

[apatel21] 25/11/2014 09:40

Worrying thing is they have burned through US$6m in 5 months (cash was $21m at 30th June from the interim results).

[itchycrack] 25/11/2014 09:24

I've been buying this morning - taking the view that there isn't much downside left, and when there is a change in the macro economic environment there could be a swift recovery. All IMHO, please DYOR etc.

[rcturner2] 25/11/2014 09:04

$ not £, makes a bit of a difference.

[varies] 25/11/2014 09:04

TF
It seems to be $15 million in cash they have rather than £15m.
This is a share I have got badly wrong in recent months, having invested at 112p and again at 80p. Salutory for me but painful.

[technofiend] 25/11/2014 08:56

£15 million cash on balance sheet will probably be the floor for this stock.

At least until they start burning through it.

[salpara111] 25/11/2014 08:53

I had these on my watch list from a long time ago when they were tipped in IC but never acted on it. I was kicking myself as I watched them rise from about £1 to £3 but now I guess I don't feel so bad.
This whole sector is in trouble at present so I am leaving well alone for now.

[rcturner2] 25/11/2014 08:51

I do business in China and they invoice and insist on being paid in dollars. No one not even the Chinese are going to start doing international business in a currency controlled by the Chinese government.

[itchycrack] 25/11/2014 08:20

The US is using oil and the dollar to screw the Russians, and pretty much everyone else too. What they have to learn is that they cannot thrive in isolation, and in the long term could be extremely damaging for the US, especially as you say it drives Russia and China closer together. What the US fears most is the dollar losing its status as the sole currency for commodities. I know the chineese are particularly keen to change that.

[daneswooddynamo] 25/11/2014 08:19

a good punt from here imo, its not as though its technology has yet to be adopted by the industry

[pj 1] 25/11/2014 08:17

bookbroker- surely a reason to exit then?

[bookbroker] 25/11/2014 08:17

And by the way, the only route is up for this one, takeover or not, things are pretty grim at the moment, but its difficult to see them get any worse than they can be now!

[bookbroker] 25/11/2014 08:15

Many of us are holding, as there is little value to be lost, the core business is fundamentally a good one, however the Russian sanctions, which I may say are both pointless and very damaging to the European economy have knackered this co, the hypocrisy of the US to dictate how a country runs its affairs after its disastrous foray into Iraq is simply appalling, but more to the point the sanctions are having very little effect except to dive Russia into a far closer tie with China, better for them, worse for the West and Thal.

[pj 1] 25/11/2014 08:06

Whoever called this 'uninvestable' (cfro?)- well done!

Feel for anyone still holding

[kooba] 25/11/2014 08:03

Nav 130p trading close to cash...Preserve the cash for a large buyback...hold off on the pool table!

[bigbigdave] 25/11/2014 07:55

Surely no advfn folk still holding here? Bad news was expected.