Thalassa Share Discussion Threads

[gfrae] 26/9/2016 11:45

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 11:31

gfrae,

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

[catswhiskas] 26/9/2016 11:24

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 11:16

THanks, I see you are watching these too!

[tiltonboy] 26/9/2016 10:54

They sold 222k.

[gfrae] 26/9/2016 10:41

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

[catswhiskas] 23/9/2016 15:19

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 13:06

Might be worth a punt sub 20p !

[jmf69] 22/9/2016 08:08

Another 520k bought back

[eeza] 21/9/2016 17:46

MM's aren't philanthropists.

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

[catswhiskas] 21/9/2016 17:35

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.

[masurenguy] 16/9/2016 13:03

"they are deviating in order to allow the executive gravy train to continue"

You really ought to check your facts before making such comments.

1. In the first place Soukup is a very wealthy man who lives in Monaco so the £220K he draws in annual remuneration is just peanuts to him. That level of compensation is hardly an "executive gravy train" either and also no other THAL director draws more than £20K pa from the company.

2. Soukup owns circa 15% of THAL shares - worth circa £3.4m at todays price - so shareholder value is a much more significant factor to him than the annual compensation that he obtains. He may not care about the small shareholder - few senior executives in most quoted companies do either - but with this stake his interests and those of the small shareholder are quite well aligned. Just one reason why I am currently a 'small shareholder' in this company.

[spob] 16/9/2016 12:33

This company should indeed have liquidated


they are deviating in order to allow the executive gravy train to continue

if you think they care about small shareholders think again

all just in my own humble opinion of course

[tabhair] 16/9/2016 12:12

I found the shareholder letter honest and refreshing.

The whole oil and gas sector is in huge distress, yet the narrative from within the sector itself seems to be that higher oil prices are just around the corner. The reality is that if oil prices remain at current levels for even just another year, we are going to see another raft of bankruptcies. Against that backdrop, a company like Thalassa will continue to struggle. In the meantime, it makes sense for Soukup to allocate capital into other areas. The Papua copper company looks like a total punt, but it is only £400k. The REIT certainly looks more promising though.

[cougar99] 14/9/2016 20:28

But in present conditions then it's any bodies guess when 'a stronger market' arrives .... I saw one article recently where it said M&G had suggested keep cash and stick it under your mattress.

Not a holder in this share but was thinking seriously about buying in - but after further thought will give it a miss for now .... but will remain monitoring in case the mattress gets too lumpy underneath ..... if they are going to diversify so much then change of name might be next?

[hammers976] 13/9/2016 19:52

He's got a lot of personal wealth tied up in the company. If he thought liquidation provided the best value wouldn't he do that? I don't know the answer to that but I'm happy to wait out these lower oil prices and see how they perform in a stronger market.

[catswhiskas] 13/9/2016 18:11

I sold out here at 42p taking a loss .Through no fault of its own it looks as though its core business is going to significantly struggle for the foreseeable future and Duncan certainly did a brave job this morning painting a gloomy but truthful summary of the current situation in the industry .For me I think he should have made the decision to call it a day and liquidated the company returning the cash to shareholders rather than embark in a new direction that unfortunately the market never really takes to.You never know there may be something very exciting waiting to happen at LSR or this will become an AIM has been that just didn't quite make it although it gave it a good try.

[kooba] 13/9/2016 13:41

He's the Chairman.And I personally find it refreshing when executives say it as they see it rather than some sterile soundbite ridden drivel.Whetherspoons recently an interesting read too.

[steptoes yard] 13/9/2016 12:41

Way too much ego in this CEO and not enough delivery. The antithesis of an investors dream CEO. Wouldn't touch these with a barge pole.

[cockerhoop] 13/9/2016 12:24

ST talks THAL (and LSR) in todays IC column

[sphere25] 13/9/2016 11:21

Bookbroker,

I'm not daft enough to be invested here.

Hope this helps.

[owenski] 13/9/2016 09:26

Not a holder, I only check in to read Duncan's narrative, entertaining and educational as always, I'd argue this statement is one of his best. A Director that uses the terms - 'Clown and Numptie' in a results statement against bankers is worth a read.

He's done these extra curricular investments before and done well from them when the core investment business was operating in a poor market environment, and he made good money from them. Unfortunately the market doesn't like deviation so I'd guess we're in for a period of prolonged share price doldrums here. Shame really as the assets are worth well north of an 8m M.cap.