Thalassa Share Discussion Threads

[rbonnier] 05/4/2016 12:37

I liked the results all the write downs are in the price and with the cash at the bank the companies for free. I am now long and accumulating the company is very vulnerable at this price to a takeover and could be a bid target for john wood short this now at your peril you will be very very sorry indeed.

[bookbroker] 05/4/2016 09:10

I received an email from DS. a while back with regard to the value within here as opposed to the share price, pretty much of what he said in his response is reflected here, patience clearly the key now, and managing to operate in this very tight market without markedly diminishing the assets on the balance sheet!

[pj 1] 05/4/2016 09:05

Like Masurenguy and others I do not like some of the unsubstantiated (fundamentally at least) comments on the BB, and for those bored enough to look back far enough you will see in 2014 I also poured scorn on RBonniers then negative comments and stated short positions. I was long with 300%+ profits at the time :-)

If it was just luck or not, or based more on Industry knowledge I do not know. But it was one hell of a short call as the share price reduced from a highs of 280 ish and I think Bonnier started closing his shorts around 60p (assuming it was his true position off course). Not saying who is right or wrong but thought it was worth mentioning

Currently no position.

[rivaldo] 05/4/2016 08:16

Remarkably good results, with 61p cash per share and a $1.3m net profit for the year (pre-exceptionals).

Interesting that one of WGP's main competitors went bankrupt, and from the sound of it more will follow. With $20m cash, and the language being used by DS, it sounds like THAL may be lining up a bargain acquisition or two in picking up cheap assets at cyclical industry lows.

At a £9.8m m/cap there's certainly substantial upside if THAL continues to be managed conservatively and can take advantage of current conditions to maximise its position.

[kooba] 05/4/2016 07:16

Always an entertaining read from Mr Soukup.61p cash per share...write downs having been taken.Cheap but a little way off a sustainable recovery in the sector as yet but a value play for the pick up when there's devastation all around.

[bookbroker] 05/4/2016 07:01

This is simply too cheap, $20.5mln cash, trading performance creditable in a brutal market, there is a complete disparity here between the true valuation and the what the share price reflects!

[masurenguy] 04/3/2016 16:58

Oil price up 20% over the past couple of months and the THAL price has followed suit.

[bookbroker] 20/1/2016 13:23

If I did RB. WHI not worth listening to, they don't have much of a clue about how to even run their own business!

[rbonnier] 20/1/2016 12:36

Anyone have the latest information from W H Ireland on 7th December they slashed their share price target to 60p from 110p reiterating buy ,anyone with an update ?

[kooba] 20/1/2016 12:33

Got a sit back and take a view some times old boy and not get too emotional.Do you really think the price of oil itself will not naturally kill off a large chuck of high cost supply over the coming months and that the lack of investment and natural depletion of existing fields will not turn the marginal net oversupply to net overall shortage over coming months.I can personally see a sharp spike in oil before the end of the year back to $50-$60 range and there will be some major reratings across the sector.We would then get a burst of dormant development activity.Got to pick the survivors of course ...certainly not straight exploration plays here...but I think there is great value if you can take a 12 month plus view.But your view seems prevalent at the moment ...don't buy anything in the sector...probably until it doubles!

[bookbroker] 20/1/2016 12:12

Maybe you , Kooba, could enlighten me what the point of buying an E&P. co. when the likes of every other oil co. are withdrawing from that sector, and don't suggest Petroceltic, they can have it for free along with several hundred million debt!

[kooba] 20/1/2016 12:05

What tosh exactly??

[bookbroker] 20/1/2016 12:02

With $20mln, don't talk such utter tosh, maybe buy GTC., help me out there too!

[kooba] 20/1/2016 11:45

Could be your approach?As a shareholder do you really want someone to seizure control on the cheap and Nick the assets at the bottom of a cycle?Personally think they should do what they are doing keep it tight even make acquisitions of distressed assets that are synergistic and ride it out ...in a relatively short space of time the industry will blow out and quite a few E&p cos and service companies will bite the dust.Survivors and Thalassa is in a strong position will reap the rewards down the line of increased business and margins when the dust settles.Think now is the time to be investing in distressed viable assets not dumping them.

[kooba] 20/1/2016 11:06

If one has questions for the company the management's direct emails are on the website...http://thalassaholdingsltd.com/contact.htmWould be surprised if you don't get a response.

[rbonnier] 20/1/2016 08:51

I think a sweet shop in Westminster would be a better idea than the oil and gas sector !

[bookbroker] 20/1/2016 08:47

Mr Simms is looking for a new owner, I suppose it is a blessing that Sickdog has a big stake here , that is if he is bothered about his holding, I hope his wife might have a say in the matter!

[hvs1] 20/1/2016 08:40

have they written down all those PMSL porta loos fitted on the back of ships now?

dont sound like there's much of a business here, kinda worrying to hear the word 'bleak' used in the TU.

so now they're looking to diversify into potential non o&g sectors, what are they gonna buy - a sweet shop in warminster, lol

[pj 1] 20/1/2016 08:35

And turn away the rent for Soukup Towers?

[bookbroker] 20/1/2016 07:48

They should hand back the cash, shareholders would be way better off, what is the point!