Thalassa Share Discussion Threads

[kooba] 19/4/2017 11:58

Not easy buying them...Don't think he would be looking at a disposal unless there was a significant premium to book value to be achieved...Since book of group is over 100p we could end up with cash and liquid assets reasonably over that level if a deal progresses imho.Also think the flying nodes robotics arm is worth several M in the right hands...which would be a larger oil services group ...same as WGP.Fingers crossed should be significantly enhancing to group valuation.

[bookbroker] 19/4/2017 11:32

The robotics arm is worth far in excess of $0m., they have already spent a good deal developing it, there is interest in the product, it simply requires a good deal more to take it ahead! A larger service co. Would be better suited to doing that!

[frazboy] 19/4/2017 11:28

You have to read in from that announcement (as there was no mention of this last week) that DS expected a rise in the share price on the back of last weeks results.

So, lets speculate about a price, $0m for the robotics arm, and say $10m -$15m for WGP? (based on ongoing profits of $2m)? You could value WGP at turnover which gives a similar result.

[bookbroker] 19/4/2017 11:19

Well, if he can get a price that reflects the value of Thal, and well in excess of current market value I'd be happy, frankly this company needs to be cashed in and returned to shareholders!

[jmf69] 19/4/2017 11:10

All comes down to price imo

[greenroom78] 19/4/2017 11:08

They should think about a Duncan disposal instead of selling the crown jewels.

[100egs] 19/4/2017 11:05

very interesting news today , thoughts anyone ?

[kooba] 18/4/2017 11:12

Wouldn't be surprised if its going to be used as a shell...so not sure you look at it as a tired old gold explorer maybe going to buying something bit more lively in due course.Certainly not against a punt in gold miners ...been picking one up today but early stage exploration in tricky parts of the world an expense hit and miss business that is rather an expensive gamble.imho holder thal and v small Papua .

[jmf69] 18/4/2017 11:05

Up 19% today

[kooba] 18/4/2017 10:35

Papua well up ...20% up on purchase (in £) go D S :)

[rbonnier] 12/4/2017 18:40

Wouldn't bother buying in here far too risky better off down at the casino seems like more chance of a return than this moth ball ! Papua mining and the reit....lol!!!!!

[cockerhoop] 12/4/2017 13:47

Also interesting that there was a $300,000 investment in 2015 that was added and then completely written off?

At current exchange rate 37-38p will be required to break even on the $8.6m invested in LSR, surely the cash would have be better spent buying back THAL shares?

On a more positive note the defence applications for ARL sound intriguing.

[cockerhoop] 12/4/2017 13:09

Gfrae,

What it says is available for sale investments including Papua cost $1.3m and then have been written down by $400,000 to get the $860,000.

The RNS last year said they paid £400,000 for 40m shares (for 26.7%) of company which equates to $520,000 at October exchange rates. I'm not aware of further investment but prepared to be corrected.

[frazboy] 12/4/2017 12:59

it's in the previous (2016) half year report as an after end of half year event. it's just down as £400k. thanks anyway.

[gfrae] 12/4/2017 12:56

frazboy,you can see the annual report on their website the Papua cost was $1.3m from memory.

[frazboy] 12/4/2017 12:40

I've not seen the AR, just the RNS. Am I missing something? I'm a bit clearer on the accounts now, I'm thinking that the $0.85m relates to Papua but I'm waiting for gfrae to revert on that. If you allow $1.1m for investment in R&D at the robotics arm, then there's still a million or so of missing "Investments" to explain.

[jmf69] 12/4/2017 12:08

Agreed 100k buy looks like the buyback

[kooba] 12/4/2017 12:03

100k @ 61.5p ...I read as share buyback probably mopped up most loose stock...see if they get more aggressive.

[cockerhoop] 12/4/2017 11:58

Just read the AR, bit naughty imo not to write down the value of LSR due to the adverse exchange rates and the share price of 28p at YE compared to the 34p paid. But does explain some of the holes when just reading the RNS.

[rcturner2] 12/4/2017 11:53

I think THAL is a bit of a marmite share for many.

I sold out my remaining shares today.

[kooba] 12/4/2017 11:49

Thalassa HoldingsThe trouble with writing long and ethereal statements, especially when the bumf at the top is all about world economies is that sometimes people dont get down to the good bits about your company. When I saw the THAL price first thing I feared the worst, indeed I was about to fling myself overboard until I progressed past the economics lesson. If you do that you get to see that the Chairman has 'cautious but unpredictable optimism' and that 'in 2016 we exceeded performance expectations at every level from sales to the bottom line'. Other positive comments include that the company has the same, asset light, model and its flexible management structure gives remarkable competitive advantages over the competition. So, the shares should be up, not down as the operating side of the company has performed very creditably and continues to do so.....Top stuff Duncan...http://www.malcysblog.com/