Thalassa Share Discussion Threads

[speedsgh] 18/3/2015 16:38

from Malcy's daily blog -

A brief statement from Thalassa today who have had a hard time lately as not only has the oil price hit it hard but sanctions against Russia hit part of its market. The company has seen a good level of order enquiries and it has even made two data sales this year worth $1.6m. The company says that trading is ‘challenging’ but that they are well positioned and should break even this year. There is the inevitable ‘comprehensive and cautious’ review of the carrying value of its assets and a cost savings programme that one might expect. Whilst it is hardly a good time for Thalassa the company still has state of the art kit and its markets will reappear. Long standing shareholders will be pleased to know that the company still has $16.4m of cash which magically is almost exactly the same as the market cap of the company leaving some room for optimism.

[cockerhoop] 18/3/2015 14:29

Kooba,

I think you're missing my point, in 2014 the final results were released on 20th March. This year on 18th March they release a statement saying that they are going to release results in early June because they need to write down some assets.

I'm speculating that they intended to release the results at the normal time but in consultation (or worse) with the auditors they are going to delay release by 10 weeks to allow further work to be done.

[cockerhoop] 18/3/2015 08:53

Would I be right to assume that the auditors are reluctant to sign off the accounts until the carrying value of the assets are suitably written down causing the 3 month delay in issuing the finals this year?

[sasannach] 18/3/2015 07:42

Not much news in the results. Enterprise value is still negative, just, with cash position

Jun 14 $21.2m
Nov 14 $15m
Mar 15 $16.4m

if they can maintain the cash balance the downside risk here is low and the upside is poised on any hint of recovery or new contract.

[kooba] 09/3/2015 12:50

Finals out on 20th March last year.So should be results,update on trading and what's the game plan in the changed environment in oil services soon.Currently in close period so may explain why no further share buybacks for a few weeks?

[luckymouse] 20/2/2015 09:42

Very strong rising OBV

[tech] 20/2/2015 09:07

New share holders in,curve continuing

[jamielein] 19/2/2015 17:38

Standard Life have got rid of their final 552,245 shares. They got rid of 255,000 a few days ago and THAL bought back 2 lots of 200,000.

[21trader] 19/2/2015 10:14

If it holds above 50p then it could easily go to 60-70p too early yet to tell

[luckymouse] 18/2/2015 12:29

Running - gap close at 70

[janeann] 18/2/2015 12:15

Well they seem to want your shares at present - just had a quote to sell above the mid price; long may this change in sentiment continue!

[wilk1] 18/2/2015 11:49

Any shorters to buy back ? Anyone the figures for stock on loan ? Given the fall there should be.

[kooba] 18/2/2015 11:35

Company buying and new fortress buying.Although that RNS shows no change they have gone up by 170k or so over past week.All loose stock being cleared out.

[luckymouse] 18/2/2015 11:17

Breakout
www.barchart.com/snapopinion/stocks/THAL.LS

[saucepan] 18/2/2015 10:16

I suspect it is Norwegian Licensing round related. From the 17 December RNS:

Norwegian licence round . . . potential multi-client data sales relating to that round . . . could generate significant revenue for Thalassa

[janeann] 18/2/2015 10:08

Surprising tho given the continued conflict in Ukraine?

[saucepan] 18/2/2015 10:01

I have just averaged up on my 13 Feb trade. I agree, the chart is bowling up. Rather interesting times.

[puzzler2] 18/2/2015 09:54

Yes, indeed - looks like the move up today is decisive.

[tech] 18/2/2015 09:03

On the move nice bowl forming

[ryan83] 13/2/2015 09:57

as that seems like it should be a real value driver here?