Thalassa Share Discussion Threads

[rbonnier] 20/1/2016 07:43

Cash at the bank is £14.22 million current market cap 7.7 million. Results to exceed analysts expectations but after writedowns to show a loss .Writedowns reduced value of company by 41p a share looking out for acquisitions which could be paid for in paper could strengthen The balance sheet further.Now that the profits warning is out this could get interesting expect this to be going up on the warning now down.

[spob] 20/1/2016 07:39

35% writedown of book value

if the share price fell accordingly that would be 21.5p or £5.1m


but still loads of cash in excess of the market cap here

Cash £14.3m @1.41

Market cap £7.8m @33p

[rbonnier] 19/1/2016 11:48

Here come the big sells to send this spiraling sub 30p I wonder if they know something to be bailing well below par value.

[rbonnier] 18/1/2016 14:31

This Is one hell of a sick stock down again and heading for sub 30p this week .They need to return the cash whilst they've got it because their business is worth nothing and is being priced as a serious liability by the market as this will soon be trading at a whopping 50% discount to cash at the bank.

[rbonnier] 14/1/2016 17:06

Time to sell and take the crumbs that are left which is better than nothing unless anyone else can offer any glimpses of hope for shareholders because I just don't see any the situation in this sector looks far worse than anyones worse nightmare and soukup wont liquidate thalassa.

[jamielein] 08/1/2016 21:25

It is in the best interests of shareholders that the company is liquidated if liquidation value is greater than the future expected returns.

If the shares are cancelled then they can't be reissued/sold to the market at a discount to liquidation value, which would reduce the liquidation value per share for existing shareholders, but would keep the company going to pay employees and directors.

However there would is an argument to be made that if the future is going to be very bright, but the company has short-term problems and needs cash, reducing the liquidation value short-term would benefit shareholders long-term.

[rbonnier] 08/1/2016 18:24

Can you explain why please