Thalassa Share Discussion Threads

[alter ego] 16/8/2018 15:10

interesting changes at the top of ARL.

[tiswas] 16/8/2018 15:00

Bought a few more, still look cheap.

[mr macgregor] 04/8/2018 18:09

I don't see Thalassa being able to commercialise the flying nodes on its own. I remember how enthusiastic Duncan was about FFNs proposed tie up with ARL as they were bringing experience and knowledge. As FFN pulled the plug on that idea, presumably after due diligence, Thalassa are left with an expensive loss making baby with no income to fund it and that puts them in a difficult position which will become more so as the cash pile leaks away. Potential suitors will be well aware of that.
I question the wisdom of the WGP sale without a guaranteed investment in ARL. If they'd kept WGP as we're moving into an oil upturn they'd have had a stronger hand to play imo.

[ntv] 25/7/2018 15:45

finished selling today
lsr was a poor investment
DD was also poor to buy the stake in the first place
luckily pushed up another 6p so out with a small profit
GLH

[ntv] 17/7/2018 06:36

buyback price is slowly creeping up

[cockerhoop] 12/7/2018 07:55

Bearing in mind loads of value has been outed on the Aim market since DS paid over the odds for his stake in LSR I'd take his analysis of 'every company on Aim' with a pinch of salt.

I suppose the elephant in the room is how much of the cash will be invested in ARL (or mitigated with additional external investment)?

[ntv] 12/7/2018 06:09

when lsr returns some cash this could end being a very large cash shell
interesting that he has looked at all the companies on the aim and sees no value
my guess is even if he did i hardly think he would put it in print
mind you even if there is value a bid would have to come at a premium so hence some of the value is lost

[ntv] 12/7/2018 06:05

they paid 89p for the latest buyback

[ntv] 11/7/2018 12:13

thats a bit annoying as i sold a few this morning almost giving up for any news
luckily i added to my holding in PNS so just about makes up for it

[alter ego] 11/7/2018 11:05

....following an award of a data acquisition contract to WGP, THAL will be due, upon execution of contracts relating to the award, an initial $6m (of the potential $10m) earn out.

rns just out

[ntv] 22/6/2018 07:36

to be fair i struggled a bit to get my head around what is included and what seems to be pending value
but pending is not value til the cash comes in. At least the cash is not being squandered so that is one good thing but LSR was is not a good investment
if he wanted property he should have bought into panther when south of 3.30 but then that is only my view lol

[horndean eagle] 22/6/2018 07:21

Looks like they were fiddling around with results as they were not sure how to book WGP deferred and value of ARL. Both seem to be excluded from book value so NAV could be a fair bit higher in due course.

[ntv] 22/6/2018 07:08

well the figures are out
nothing too grim
new invention more likely to be used in defence by the sound but still has a lot of teething problems. looks like is burning cash at a decent rate
plenty of cash in balance sheet
and likely to get a whole lot more when LSR finally pays out
wait see game to look at the end 2019 results

[ntv] 21/6/2018 09:37

gfrae
i did think that as well
as been keeping an eye on it
trades at around 33p seem to suggest as possibility because expected value is only 36p
not much of a discount considering it is still a long way til winding up time
just hope he has got his maths right because the initial purchase looked like poor timing

[jmf69] 21/6/2018 09:04

Thal going private?

[gfrae] 21/6/2018 08:26

I hope they aren't negotiating to buy the rest of LSR ?

[jmf69] 21/6/2018 06:26

Not a fan of any kind of news that comes out on a Friday

[ntv] 21/6/2018 06:23

9 days til suspension?
beginning to worry a bit if it hadn't been for the buybacks
auditors maybe?

[jmf69] 20/6/2018 16:29

Results tomorrow?

[ntv] 18/6/2018 06:20

agm notice but no results or is it a news feed problem
2 weeks notice for the agm is a bit short
i thought they had to give a months notice

[ntv] 14/6/2018 13:10

what is that all about?

[jmf69] 14/6/2018 07:12

Next week now

[jmf69] 12/6/2018 13:46

My money's on Thursday