Thalassa Share Discussion Threads

[catswhiskas] 12/10/2016 09:08

So will i but I wont if thal bids for lsr

[gfrae] 12/10/2016 08:30

Will eat my pants if LSR bids for THAL.

[catswhiskas] 10/10/2016 19:37

Malcy may well be right and these shares are significantly under valued which could mean they could rise significantly in the coming weeks.The clue is Soukup said today they will be issuing a trading update in coming weeks we've just had the Jaws 2 update so there must be material news to report so close after the interims. Im wondering if there could be a reverse takeover at LSR going to be announced is Soukup talking to the LSR board at the moment to agree terms of a deal .Will Thalassa holdings comprise of Papua and Local shopping reit by Christmas.

[gfrae] 10/10/2016 15:43

They are well offered at 30p or less.

[jbarcroftr] 10/10/2016 15:06

Rating revaluation of small businesses due to come in stages over the next three years should see a reduction in rates payable - the biggest cost after rent

[pj 1] 10/10/2016 14:54

What do you mean by 'new rating values'?

[jbarcroftr] 10/10/2016 14:40

New rating values( when they arrive) are likely to help LSR

[gfrae] 10/10/2016 13:45

It does look as though he has paid a bit too much for his stake in LSR, and there is no obvious way to cash out of LSR unless he is thinking of buying the whole thing. On the other hand the stock is trading at a substantial discount to NAV so he is unlikely to come to too much harm there.

[kooba] 10/10/2016 12:30

Malcys blogThalassa HoldingsThe clue is in the name at Thalassa and that is 'holdings' as Chairman Duncan Soukup has made clear in recent months by investing in a variety of companies such as Papua Mining in which he announces an increased stake today. Probably more interesting is the news that WGP Survey, a wholly owned subsidiary of the group has made further sales of multi client data acquired with the TGS-NOPEC geophysical company in 2014. These will generate around $2m of gross revenue prior to allocating to the multi client partners. Thalassa is a very interesting company and whilst operating in a difficult environment has a Chairman with a desire to make money for shareholders whatever it takes. I have a feeling that the shares are significantly undervalued and should be at least on a few radar screens at least for the longer term.

[masurenguy] 10/10/2016 07:57

Net cash at the interims was $13.2m (£10.6m) which was reduced to $7.9m (£6.3m) after they paid for their 23.2% stake in the REIT. Their current market cap is £8.6m so technically the net cash is now 73% of that figure. However, if you add back the cash invested in the REIT at par value then the notional net cash position is currently circa 23% above the current market cap.

[kooba] 10/10/2016 07:53

Cash at Interims £10.6 m at today's exchange rateMarket cap today £8.5mLet's hope they were holding $ !Total net assets after write downs over £20mObviously there has been some post balance sheet investments but certainly at a discount to cash and listed investments and trading at half book value per share.

[rcturner2] 10/10/2016 07:40

Cash is not above market cap.

[cliveas] 10/10/2016 07:19

RNS'S Missed?

By the market?

This company has more cash than Mcap and its no secret that WGP has been struggling but these contract wins mark a change in sentiment is to come.Chairman sounds upbeat re soon to be released trading update.

They have also completed major investment into Papua new guinea mine at a substantial discount to that companies current share price All looking very positive imho. GL.

The Board of Thalassa is pleased to announce that WGP Survey Ltd, a wholly owned subsidiary of WGP Group Ltd ("WGP"), has made further sales of the multi client data acquired with TGS-NOPEC Geophysical Company ASA in 2014. These sales will generate approximately USD$2 million in additional gross revenue prior to allocation amongst the multi client partners.

Duncan Soukup, Chairman of Thalassa, said: "These data sales are extremely welcomed and we expect to be able to issue a trading update in the coming weeks, which will also reflect the completion of the current acquisition programmes in the North Sea."

[gfrae] 26/9/2016 10:45

Tilton,likewise,although coincidentally had just bought a few prior to the announcement of the LSR purchase. I sold soon after at a small loss.

[tiltonboy] 26/9/2016 10:31

gfrae,

Only as a holder of LSR. Would like to know what the game plan is!

[catswhiskas] 26/9/2016 10:24

Don't get sucked into these until at least Henderson are out if they start selling down 10% gawd knows where this will go.

[gfrae] 26/9/2016 10:16

THanks, I see you are watching these too!

[tiltonboy] 26/9/2016 09:54

They sold 222k.

[gfrae] 26/9/2016 09:41

Are Henderson selling ? or have they just gone over 10% because of the buy back ?

[catswhiskas] 23/9/2016 14:19

This could be a bit tricky for the share price Henderson are sellers and still hold over 10% THAL currently don't have a mandate to take those out of the market as it would exceed the authorised buy backs up to the value of £1000000.Depending on what Hendersons plans are but if they are sellers this could indeed sink sub 20p as there's likely to be very little appetite for the shares.

[catswhiskas] 22/9/2016 12:06

Might be worth a punt sub 20p !

[jmf69] 22/9/2016 07:08

Another 520k bought back

[eeza] 21/9/2016 16:46

MM's aren't philanthropists.

If they were all sells the share price would defo be down.

[catswhiskas] 21/9/2016 16:35

Ouch what's with the massive volume 15% of the issued share capital traded all reported as sells and the share price is up looks like the last of thals institutional holdings have deserted the sinking ship unless some of the trades at 36p are buys.