Thalassa Share Discussion Threads

[jmf69] 24/2/2017 15:48

A number of technical indicators point to a move up in the next week or so.All imo

[lauders] 24/2/2017 11:26

Unless it comes off bookbroker. Since commodities are the "hot thing" these days perhaps it may not be so crazy. Agree sticking to what you know is best though. THAL not exactly a news generating company!

[bookbroker] 24/2/2017 11:23

DS should stop wasting money chasing pointless investments in mining and property, what this co. does well at is in its main line of business, stick to that and you'll create value, Papua just a crazy idea!

[greenroom78] 24/2/2017 11:19

I think it is because the selling seems to be fairly exhausted. The RSI is as low as it has been since October and sells have been small in volume this week. I was of similar opinion and added back those I sliced in the 70s along with a few extra on Wednesday.

[jmf69] 24/2/2017 11:16

Got my mystic meg hat on

[lauders] 24/2/2017 11:12

Do you know something we don't JMF69? Is this a level II insight or something else per chance?

[jmf69] 24/2/2017 11:11

Getting ready for the next leg up

[cockerhoop] 23/2/2017 09:59

I do agree tiltonboy, I have a holding in LSR myself. I don't think THAL will lose loads on their (our) investment in LSR but the lack of corporate governance over a number of issues obscures the fact that WGP is a decent standalone business.

[cockerhoop] 23/2/2017 09:44

I think DS more likely to recycle it into a Papua New Guinea gold mine :-)

[greenroom78] 23/2/2017 09:38

Hope so, would be good to see a bit of cash flow to shareholders rather than just the buybacks.

[bookbroker] 23/2/2017 08:37

I think they will pass the cash back in some form of special dividend on the LSR stake!

[cockerhoop] 23/2/2017 08:26

Tiltonboy,

Looking forward to the announcement, have enjoyed the auctions.

Still a little work to do before DS approaches breakeven of on his investment with shareholder funds though isn't there? Doesn't appear to be a cunning masterplan?

[tiltonboy] 22/2/2017 22:19

LSR edging better as well. They have sold quite a few properties in auctions over the last week, and have sold a further four prior to tomorrow's auction. They have generally achieved prices modestly above guide price, but we need to find out how that equates to book. Should be a clarifying announcement next week.

[basem1] 22/2/2017 10:39

The more I look at the 3 year, the more I think this is on support and should start the next leg up soon. I'd start the ball rolling by buying a few but after last weeks accidental purchase of a further 20,000 I have enough. There's very little resistance on the chart to the upside so the next leg could be a stupendous rise.

[jmf69] 22/2/2017 08:20

If the oil price can stay at these levels or even push up then we're looking good imo

[basem1] 22/2/2017 07:50

It certainly would Lauders !! Looking at the 3 year chart I do believe we are on a notch of support, given the healthy pullback it may just be time for the next leg up again.

[lauders] 22/2/2017 01:29

Looking back at the previous RNS announcements I see that THAL have released at least one almost EVERY month with one or two exceptions. We haven't had one in February yet and the month is coming to an end. Perhaps due one? Would be very nice to see upwards momentum again.

[frazboy] 17/2/2017 14:50

The answer may be that they can't buy back 60 days before a results announcement. Anyone know for sure?

[basem1] 17/2/2017 14:46

Just what I was thinking ? They seem to buy into strength rather than buying into weakness. Maybe waiting for that support line on the 3 year which is 2-3p away. I bought 20,000 more of these yesterday quite by accident. I'd left an old order in and it got bloody filled. I was gutted and tried to get it reversed but no can do. Only wat to do it was sell and take the £500 hit plus costs. Very careless of me.

[frazboy] 17/2/2017 14:39

I'm not sure why you announce an extension of the share buy back followed by a modest purchase at more than 10% above the current market price and then you just let the share price slide on minimal volume. I'm sure there's an explanation but I don't know what it is

[lauders] 17/2/2017 01:24

Bring on the news then frazboy ;-) Worth remembering some of the comments from Duncan Soukup towards the end of January:

“Given conditions in the industry at the beginning of 2016, the board is extremely pleased to be able to announce successful operational and financial results for 2016, which may increase further following the conclusion of our review of reserves,” said chairman Duncan Soukup.

“As result of which, the board has resolved to replace the current stock buyback programme, once completed, under which the company has bought back a total of 3,108,657 of its own shares since February 2015 at a cost of £1,343,257.80, with a new plan to repurchase up to £2m of the company's shares.”

Soukop said the board's current view for 2017 was one of “cautious, but unpredictable” optimism.

[frazboy] 16/2/2017 13:46

I don't think there's much/any for sale. It's almost completely illiquid outside of news events

[basem1] 16/2/2017 08:56

You'd think that the board would be taking advantage of this quiet spell and buying back further stock ??