Thalassa Share Discussion Threads

[cockerhoop] 15/12/2016 09:53

Columbarius,There isn't anyone on here that has suggested the announcement will be negative is there?

[columbarius] 15/12/2016 09:51

If you had bought shares in Duncan Soukup ten years ago you'd be happy.

[pj 1] 15/12/2016 09:40

'Duncan' is starting (to try) to look bigger than the Company. The investment should be in the Company not an individual.

[columbarius] 15/12/2016 09:31

Well said Mr Turner. I like Duncan. He's a bit theatrical and is probably giving himself a drum roll while sticking two fingers up at his critics. The ones on here who said this forthcoming announcement will be negative are clueless.

[rcturner2] 15/12/2016 09:16

I like THAL because we are starting to see recovery in the oil sector and in the oil services and THAL is very lowly rated and generally unloved, which I think is depressing the price here. The market cap is very low considering the assets they have and the fact that the actual business underneath all the distractions seems to be performing well.

[pj 1] 15/12/2016 09:13

It almost feels as if the Company is playing emotional games with it's shareholders. These things usually end in divorce..........

Bizarre at least. It does not instill any confidence IMO, although I'd say the chances are it's a good update coming. However, another small red flag for me.

[mikeroot5] 15/12/2016 09:12

Good overview by Trader Tim this morning. 2017 is going to be an interesting year. Interesting times ahead.

[rcturner2] 15/12/2016 08:29

Yes, the market is taking this as positive news, although I agree it is a slightly odd way of doing things, I cannot see the reason or the purpose behind the statement.

[masurenguy] 15/12/2016 08:25

Market Makers seem to take a positive view on this as todays rise is on a minimal trading volume so far.

[interceptor2] 15/12/2016 08:10

It is a strange statement with no obvious reason to being made.

They did say in the update three weeks ago that they would issue another trading update because they might have been too conservative with costs, so on a positive note the next update could be an upbeat one.

But they aren't acting like a normal company, particularly with the investment in Papua New Guinea and their LSR holding, and now we have today's rather odd RNS release.

I did sell my holdings last week due to these concerns, but good luck to holders here and hope the update is positive for you.

[orinocor] 15/12/2016 07:49

Whiskas
The word "strange" popped into my head as well. Why are they announcing they will make a trading announcement later in the day? Why pre-announce the announcement?

[catswhiskas] 15/12/2016 07:37

What a strange rns revising trading outlook market won't like that generates uncertainty we don't know if it's good or bad the 2 month New contract won't make any material difference and there have been no significant contract wins for a while with investment dried up I fear this could be negative .

[jmf69] 15/12/2016 07:20

New contract albeit 2 months... is a good sign. Trading update to be revised for the better I hope.

[tiltonboy] 12/12/2016 17:38

gfrae,

That would be a huge hit to both his ego and the THAL balance sheet, and not something I expect to see happen.

[gfrae] 12/12/2016 17:33

Skyship. He could try and persuade the board of LSR to buy in his shares at say 26p or 27p ? I would think that this solution might appeal to him,the board and remaining holders.

[skyship] 12/12/2016 17:11

gfrae - as you well know, there is no way a major shareholder can sell in the Market without destroying the price for the rest of the holding.

Soukup either has to:

# wait for a bigger fool to come along and offer to take him out at an acceptable level

or

# wait for the game to play out and accept that his turn is going to be pretty limited - perhaps a maximum of 23% over 3yrs; more likely 10% over 18-24months when one of the past portfolio bidders returns to finish the game.

Mind you; he is unlikely to lose on his LSR investment, so for THAL holders this investment could be viewed as a good result after the game plays out!

[catswhiskas] 08/12/2016 17:34

No one appears interested in Soukup only 2% voted for THAL I would call that an absolute disaster along with the share price of this stock !

[rbonnier] 04/12/2016 15:51

I don't think THAL is trading at much of a discount anymore now its blown a load of shareholders money on a pure punt on some no hope miner that's got no money and trapped in lsr sitting on a 20% loss with its plans all gone pear shaped.Couldn't think of any reason to buy the shares really the oil price will recover that will help but these latest transactions just look a feeble attempt to diverse from its core business which might be beginning to come back to life

[skyship] 04/12/2016 12:33

RCT2:

"There is nothing per se wrong with an arbitrage play, what matters is the potential return, certainty of return and timescale."

In that we are totally agreed...

"LSR does not seem to me to be that attractive."

In that I have taken the view that the 35% discount allied to a maximum 3yr liquidation IS sufficiently attractive. For others, perhaps best to wait for the stats and statement to come with the Finals in c2weeks time

[rcturner2] 04/12/2016 09:07

There is nothing per se wrong with an arbitrage play, what matters is the potential return, certainty of return and timescale. LSR does not seem to me to be that attractive.

[skyship] 04/12/2016 09:00

RCT2 - Incidentally, I well remember one of my best ever investments was an "arbitrage play". Back in Jan'08 Galahad Capital (GLA) was in receipt of a cash bid worth 19.35p. Initially the shares traded at c19p; then, as the shares were to be delisted ahead of receipt of the cash, Barclays stockbrokers warned clients they had two weeks to sell in the Market as they couldn't hold a delisted company!

Those poor investors sold their stock down to 16.75p, which provided a fantastic opportunity for those who knew or heard of GLA - a totally secure 12% gain in just a month.

If only this game were quite so easy every time; and I do hope those that suffered removed their business from Barclays.

Would you not have bought if you had been made aware of that opportunity?

[rcturner2] 04/12/2016 08:59

Skyship, your definition of a value trap includes LSR but not THAL lol.

[cockerhoop] 03/12/2016 16:41

Skyship,

I agree LSR is decent value at 28p, the issue for THAL shareholders is that DS used their money to buy the shares at 34p.

Whilst LSR is in liquidation mode, the board have also stated that they'll not sell properties down below a level that make efficient running of the company impossible so it's possible an extended standoff could occur for the last tranche of properties.

Interested you imply THAL is a value trap, i'm not sure I agree with that. I'm no fan of the company and it's laughable corporate governance but certainly wouldn't describe it a value trap. Care to elaborate?