Thalassa Share Discussion Threads

[stemis] 13/7/2017 10:13

I think it's clear that Thalassa is very undervalued however I guess the issue is what is going to change it...

[cockerhoop] 13/7/2017 09:58

Kooba,

Good commentary, I'm also encouraged by today's statement. I think it reduces the fear (I had) of DS taking the company out on the cheap as it has in effect valued an unacceptable offer. It would be scandalous for DS to take it out lower now without a deterioration in trading.

All the commentary is suggesting 2017 will be a decent year. The buyback isn't limited to shares in the public hands but should underpin the current share price

[jmf69] 13/7/2017 09:36

I am still holding and very good analysis. Interim results should be good and there is nothing stopping the potential buyer coming back in with a better offer?

[kooba] 13/7/2017 09:30

So unacceptable offer for WGP And a stake in robotics was equivalent of current market cap..£15m plus.The company then has cash and liquid investments worth a further £13m?Substantial share buyback.21.6m outstanding 42.1% not in public hands...9.1mLeaves 12.5m shares available to buyback.Company has only used £225k of initial £2m share buyback now extended to £4m...so £3.775m to do.At 66p that would be 5.7m shares from the free float of 12.5m...some 45%!Not surprised they are going to aggressively buy back and since recent offer plus other assets about double current price think they will not be afraid to buy up I expect.Question is why would the buyer not bid for whole company.Gets WGP all of robotics and £13m of cash and cash equivalents!Maybe they will! Holder personal view.

[jmf69] 13/7/2017 08:47

Given the current market cap is around £14.5m. That equates to a buyback of just over 25%

[jmf69] 13/7/2017 08:29

As at 31st Jan they had utilised £222,500 which still leaves £3,777,500

[horndean eagle] 13/7/2017 08:24

Correction on share buyback amount. They have utilised about 1.5m so far and that leaves 2.5m. About 15% of potential shares at current levels.

[pj 1] 13/7/2017 08:14

I've exited my small position this morning. Is all way too complicated and cloak and dagger for my simple mind. KISS

Good luck to those holding.

[horndean eagle] 13/7/2017 08:03

That share buyback is pretty chunky. Equates to about 25% of current market cap. Wondering whether Duncan is looking to take over the company on the cheap via backdoor buy backs.

[jmf69] 13/7/2017 06:27

No Disposal but share buyback doubled

[jmf69] 06/7/2017 13:28

More 10k buys today

[jmf69] 06/7/2017 05:08

Someone has been buying chunks of 10k and 15k.

[kooba] 30/6/2017 16:57

Seems to be a top fund manager....But here he is buying personally!http://www.whatinvestment.co.uk/top-investor-reveals-two-uk-small-caps-exciting-opportunities-right-now-2553759/

[jmf69] 30/6/2017 15:13

Someone upping their holding

[kooba] 27/6/2017 10:03

Party?Not too sure ..DS not necessarily the kind to hand cash back.He is an activist investor and maybe has plans to take more aggressive or strategic stakes to create value in small co's...Would be fair to offer reasonable exit for those who dont want a change of direction?

[gfrae] 27/6/2017 08:30

Do we know what they will do with the cash when or if everything is liquidated ?

[kooba] 26/6/2017 14:28

I think they believe the sum of the parts is not fairly reflected in the valuation...and it would appear with the majority of assets visible and relatively liquid they feel the discrepancy is the valuation of their operating assets i.e. WGPRobotics seems to be attributed no value though obviously that may change if a deal is struck.So they are currently profitable with just over 100p in asset value per share....so I presume any disposal would enhance shareholder value through giving net liquid assets well over 100p.Agree on robotics...though it does look a potential game changer needs lots of investment.

[tabhair] 26/6/2017 13:46

Does anyone know why they are actually selling WGP? It's obviously a nice little business and management have indicated that they expect 2017 to be better than 2016. With the oil price in the toilet, can we really be sure we'd be getting the best price in putting it up for sale? What I would have rather seen was for Thalassa to retain WGP, but to focus on either selling ARL, or maybe entering into a JV with another entity that has the financial muscle to bring it forward.

Right now, my worry would be that the moneymaker WGP gets sold, and that the proceeds are put into the speculative ARL venture.

[stemis] 26/6/2017 12:40

The current market value of Thal is £15.5m. Assuming they sell WGP cash/debt free, they'd have cash of £6.1m and an investment in LSR worth £6.1m. So there's about £3.3m in for the sale proceeds of WGP. That attributes no value to AR and their investment in Papua

[jmf69] 26/6/2017 07:01

Any ideas of valuation based on wgp revenue in 2017 forecast to be around $15m which is at the bottom end of the range provided.

[jmf69] 26/6/2017 06:47

Finally get an update. Should have a final decision in the next few weeks. How will the share price react?

[kooba] 26/6/2017 06:13

To take to this next phase the board must be convinced that the interested party is both serious and that the terms would significantly enhance shareholder value imho.Interesting that the same party would be interested in investing in robotics...there would still need to be significantly more investment in that arm to take it forward but if a benchmark valuation was placed on it by industry may be easier to secure further external funding.Think robotics in for nothing on current valuation so will be interesting how this side develops.

[jmf69] 19/6/2017 06:35

2 months since they announce on going discussions re a disposal. We're long overdue some news, how long do these things take?

[jmf69] 13/6/2017 09:58

Long overdue an update on the potential disposal

[jmf69] 06/6/2017 06:30

Investors upping their stakes in Papua. Are we due some good news?