Thalassa Share Discussion Threads

[kooba] 26/11/2014 16:12

SpeedsghMr Soukup has a track record of delisting companys which hasn't always gone well for the holders....I'm not totally sure his style suits a quoted company!However I think it's unlikely that he tries anything just yet...also think with the cash in the business that could fund an mbo that would be a more likely scenario if enough of the institutions who backed that last Fundraise run out of patience and want out.Role on Norway.

[stegrego] 26/11/2014 16:06

I see the tw@t brigade has arrived.

[bad robot] 26/11/2014 15:59

I may buy some at 5p for the dead cat bounce

[stegrego] 26/11/2014 15:57

They raised 18 million at 250p a year ago. You would have some balls to take it private after that.

[speedsgh] 26/11/2014 15:53

Call me a cynic but I wonder if Mr Soukup might take advantage of the current situation + try to take THAL private via a de-listing? Could be a smart move over a 5yr timescale + no more flak from peeved PIs.

[technofiend] 26/11/2014 15:30

I'll dip in once this goes below 10p.

[rcturner2] 26/11/2014 15:19

IC, that is more logical, I agree. The main worry is that it is worse than everyone is making out! The oil price has fallen off a cliff and budgets are presumably being trimmed/cut/slashed as a result.

[itchycrack] 26/11/2014 15:13

I have reasons to believe its not all as bad as everyone is making out, hence my continued investment here. We will have to wait to see if I'm right or not. I'll now let the company do the talking.

[rcturner2] 26/11/2014 14:52

IC, a very strange logic. The share price will react to the perceived likelihood of the forecast coming true. Believe me if they turn in a nasty full year loss with significant cash burn, the share price will be well south of here, even though that forecast is already in the public domain, as you put it.

[itchycrack] 26/11/2014 14:28

I will continue to add as I can on the premise that the most pessimistic forecast is now in the public domain as someone else has said. Also, any positive announcements will generate (IMHO) a swift reversal, so one could easily see the price doubling up very quickly.

[rcturner2] 26/11/2014 14:16

bookbroker, they have gone from a first half profit to warning of a full year loss. They are losing $1m a month at least, that NAV is disappearing every month they are in business. People are selling to preserve capital. I suspect that this will go much lower. It has shipped close to 90% in 6 months, surely that tells you something is badly wrong?

[stegrego] 26/11/2014 14:15

They do say time to buy is point of most pessimism....

It's just hard to call if this is it!

[pj 1] 26/11/2014 13:53

Look what they say about forward Revs, risk of bad debt, Look what Soukups done.

Look at the oil industry/ sector, other profit warnings

Its your call, good luck!

[bookbroker] 26/11/2014 13:52

It's a good business despite its travails, and at this price you would be buying the co. for less than assets, maybe that is what will happen!

[bookbroker] 26/11/2014 13:50

I am, but what can one do, what is the point in selling at this stage, it is not as though banks are banging on the door of the co., all you have got is folks who just cannot be bothered to hang about, what do Fortress for instance believe in here, they were busily buying stock all the way down, the valuation is now a shadow, all they have to do is conserve cash as best they can, do they need whomsoever half the employees with things as they are, I don't know but this is not exactly a situation where the co. is going under, cannot see why people are panicking and dumping stock now, should have happened months ago!

[pj 1] 26/11/2014 13:43

bookbroker
So what?
Look whats happening to the Company. Focus!

[rcturner2] 26/11/2014 08:51

To be fair to Simon Thompson at the IC he issued a sell note at 120p.

[itchycrack] 26/11/2014 08:47

Err..............because they are paid to be postive and bullish!

[pj 1] 25/11/2014 12:09

I hate to say it too, but yes, enjoy your profit