Thalassa Share Discussion Threads

[gfrae] 25/5/2018 20:08

Disappointing LSR figures.

[varies] 12/5/2018 11:30

It is difficult to tell how seriously we should take AR.
I have just watched its 3 minute video on the THAL web-site again.
I do believe that the sea-bed is likely to attract an enormous amount of exploration for one purpose or another in coming years but the Flying Nodes seem to designed for underwater mineral exploration. Extraction of any minerals found prove politically difficult.

[ntv] 12/5/2018 07:04

AR must be running at a loss and i guess we will find out what that is
is it just a fantasy company or have they got the ability to make it work
i hope it is not just a pay packet for those involved
sticking with because of the discount

[varies] 11/5/2018 08:52

I see more good news here than bad.
The price agreed with Fairfield (FFN) for WGP was US$30 million of which $10m was "contingent on certain customer contracts being entered into within 5 years of completion".
It sounds as if FFN is finding WGP a satisfactory purchase but we cannot, of course, be sure that this condition will be satisfied.
On the other hand we were led to expect that FFN had decided to invest $2m in a 20% stake in Autonomous Robotics whereas it transpires now that this was only an intention which FFN has now given up.
I continue to regard Mr. Soukup as a shrewd investor and would not be surprised to see a sale of ARL to some big underwater operator such as Technip if he cannot arrange a joint venture on attractive terms.

[gfrae] 11/5/2018 07:57

Now we know why there has been a delay in the announcement.

[horndean eagle] 01/5/2018 14:04

Suggests Duncan is lining up something to acquire.

[cockerhoop] 01/5/2018 14:01

It's Baintree not Braintree though

[jmf69] 01/5/2018 13:54

From what I can see Braintree Ltd is an AI company

[gfrae] 01/5/2018 12:53

Most likely to do with the recent sale I imagine.

[gfrae] 01/5/2018 12:52

Most likely to do with the recent sale I imagine.

[cockerhoop] 01/5/2018 11:04

JMF, isn't he a director of Baintree Ltd which I think is an O&G strategic consultancy.

[jmf69] 01/5/2018 08:50

Is this the potential conflict they refer to?

[jmf69] 01/5/2018 08:49

If I'm correct... Mr smulders is also a director of Braintree Ltd which is involved in AI

[gfrae] 23/4/2018 12:06

As you imply JMF69, it is surprising that we have still not yet had confirmation of conclusion.

[ntv] 20/4/2018 08:44

added some more
nett cash i like
discount to NAV i like
local shopping should release more cash in the longer term
not sure why they didn't buy the whole thing but i guess there were just too many problems/fees to break from current so called managers
more cash from earn outs

[jmf69] 02/4/2018 17:17

....As previously announced, the Board expects that the proposed investment by FFN in Autonomous Robotics Ltd will be concluded by no later than 31 March 2018....

[jmf69] 23/3/2018 13:33

Buyback continues

[jmf69] 14/3/2018 19:27

LSR seems to be making good progress

[tiswas] 08/3/2018 10:41

You can buy at 83p this morning and nav is reckoned at £1.37 with 30p+ contingent proceeds on top.

hxxps://www.investorschampion.com/channel/blog/thalassa-sale-of-main-business-brings-nice-cash-pile-but-what-value-the-res

Soukup holds 17% so aligned with shareholders. Ok, it depends on them finding the right acquisition at the right price but seems very cheap to me.

[jmf69] 28/2/2018 21:14

Need news about the plan for the wgp funds

[tiswas] 28/2/2018 09:35

Silly cheap now, topped up this morning.

[kooba] 05/1/2018 11:07

Should now be viewed as investment holding company as they will have little in way on ongoing business in terms of turnover in current form.

[kooba] 05/1/2018 11:05

Significant assets on top of cash holdings of 76ppsThey have 80% holding in Autonomous Robotics where FFN recently purchased 20% interest for $2m... giving their post raise holding $8m value.Close to £6m. =30p ppsThey have 20.8m shares in LSR At market 31p -£6.45m though LSR nav 42p and are currently liquidating their property assets...if the LSR management do a decent job should get at least 37-38p distribution later this year so hopefully will achieve £7.8m which would be close to 40pps.They also have conditional earn out on WGP disposal as mentioned.

[basem1] 05/1/2018 10:36

Guys, what are THAL left with in terms of there current business. Turnover/profits etc ??