Thalassa Share Discussion Threads

[jmf69] 15/12/2015 08:14

Another 118k bought back

[jmf69] 11/12/2015 08:39

That 740k shares bought is around 3% of the total issued shares.That's a sizeable chunk taken out of the market but as they say no more news likely until spring.

[jmf69] 10/12/2015 11:04

Yes gnnmartin there is an rns

[gnnmartin] 10/12/2015 10:38

JMF, Mr MacG, do you mean that THAL are buying back THAL shares? Is there an RNS that confirms this?

[rbonnier] 10/12/2015 08:04

See what I mean about the over hang they were able to buy 740k at a discount to the offer

[mr macgregor] 10/12/2015 07:57

I saw the cash pile as a comforting buffer but now it's on its way down. Share buyback are an act of desperation when nobody else is interested.

[jmf69] 10/12/2015 07:14

740k shares bought back yesterday

[bookbroker] 10/12/2015 01:28

Why so negative Bonnier, this co. could simply return cash to shareholders, I can't see why Sickdog wishes to see his investment and significant it is go down the pan just like that!

[rbonnier] 09/12/2015 23:08

Just about certain the share price will collapse here with Henderson bailing there is already an overhang from the last seller who dumped around 20%,soukoup losing all his major shareholders here they've lost all confidence in thal must be a very costly mistake by those corporate clowns because they paid a lot more than 40p for them ouch !!

[mr macgregor] 07/12/2015 16:12

Agreed. Don't like the way the company has used its paid analyst to let that slip. Makes it sound as though they're buying this contract. Watching brief for me.

[gnnmartin] 07/12/2015 14:57

Investor's champion note says: "Unlike the existing multi-year contract with Statoil, where the customer owned the equipment and Thalassa oversaw its manufacture, under the contract with CoP Thalassa will construct and own the equipment, which will therefore necessitate significant capital expenditure."

I did not pick that up. That makes the shares somewhat higher risk.

[rbonnier] 07/12/2015 12:47

Reckon that might be another major seller in the market Henderson might be completely wrong time will tell.

[mr macgregor] 07/12/2015 11:13

Cautiously worded but that's no bad thing and this is a deep value share. They've done very well to secure that contract in the current environment.

[gnnmartin] 07/12/2015 10:55

I was encouraged too. I find it hard to guess the ongoing overheads, so hard to translate revenue into cash flow. Still, encouraging.

[rivaldo] 07/12/2015 10:00

Today's ConocoPhillips contract is excellent news - with a nice 5 year initial term too.

The trading update seems good too on the face of it given current market conditions - forecast revenues for this year of $18.5m are well up on last year's $15.5m.

Next year's revenues already have a base of $8.8m, with $11m in 2017 already secured.

Happy to be corrected as the RNS could have been better written, but I'm pretty happy on first look, with around £12m in the bank against an £11m m/cap.

[red army] 03/12/2015 12:21

40p is the line in the sand.

[bookbroker] 03/12/2015 12:18

We know what the cash level is, this business has no right to be trading below that, however what is the likelihood of Sickdog trying to buy this on the cheap, let's face it he would likely try or take the co. private!

[rbonnier] 03/12/2015 10:13

Relentless thrashing of share price to below value of cash at the bank major shareholders either sold out or currently selling out is the market preparing for a full year warning ? I'm looking to buy in at around 25-30p

[rbonnier] 20/11/2015 17:22

LoL how do you know there is no business left bit of a rash statement to make down 7.5% just because a few people have got bored and sold out because they see better opportunity elsewhere .

[baracuda2] 20/11/2015 15:47

I topped up recently and may do so again

[baracuda2] 20/11/2015 13:48

Why the drop today?