Thalassa Share Discussion Threads

[gfrae] 27/6/2017 09:30

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

[kooba] 26/6/2017 15:28

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 14:46

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 13:40

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 08:01

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 07:47

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

[kooba] 26/6/2017 07:13

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 07:35

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 10:58

Long overdue an update on the potential disposal

[jmf69] 06/6/2017 07:30

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

[kooba] 02/6/2017 16:59

Well their Papua interest although relatively small is having a good move up as they drift....Need some news of subsidiary disposal or some decent contracts ..all gone a little quiet.

[greenroom78] 02/6/2017 15:57

The price appears to have been drifting since I made the 'pants off' comment. Just in case if it is related I'd like the market to know the pants are firmly back on!

[kooba] 25/5/2017 12:09

Our holding in Papua looking more spritely!

[jmf69] 17/5/2017 21:09

Still waiting for news on the disposal... yeh or neh

[kooba] 17/5/2017 19:19

Good to know!! Thanks for sharing !

[kooba] 17/5/2017 19:14

Good to know!!

[greenroom78] 17/5/2017 19:02

Lol! Who wants to live by a label?

I'm not a nudist but I still like to take my pants off in public.

[kooba] 17/5/2017 18:39

Good volume ...eerrm no chartist but is that a breakout I see before me??

[pugugly] 17/5/2017 17:06

Church House link - They seem to have been beating themarket for the last 2 years but 5 year record is diabolical (imo) So lets hope they are making better judgement calls with THAL. Much will of course depend at what price they started accumulatiog.

[jmf69] 17/5/2017 15:06

Something definitely happening

[frazboy] 17/5/2017 15:01

Quite well judging by the share price movement today.

Or Church Group have upped their buying price

[jmf69] 11/5/2017 14:30

Wonder how the disposal talks are going?

[rivaldo] 11/5/2017 13:59

LSR's share price now up to 33.5p....THAL may yet end up doing OK out of it.

Did anyone attend the AGM?

[jmf69] 10/5/2017 21:17

Agm tomorrow

[kooba] 02/5/2017 16:18

Update from LSR gone down reasonably well...almost got to £ breakeven!