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THAL Thalassa Holdings Limited

24.50
0.00 (0.00%)
20 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Thalassa Holdings Limited LSE:THAL London Ordinary Share VGG878801114 ORD SHS USD0.01 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 24.50 0.00 07:48:07
Bid Price Offer Price High Price Low Price Open Price
23.00 26.00 24.50 24.50 24.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil & Gas Field Services,nec 252k -891k -0.1121 -2.19 1.95M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 24.50 GBX

Thalassa (THAL) Latest News (1)

Thalassa (THAL) Discussions and Chat

Thalassa Forums and Chat

Date Time Title Posts
12/12/202412:52THALASSA ENERGY, Oil Service Company.4,458
12/9/201311:32THALASSA ENERGY:13
06/8/200802:55Thalassa Energy Ltd.8

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Thalassa (THAL) Top Chat Posts

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Posted at 21/12/2024 08:20 by Thalassa Daily Update
Thalassa Holdings Limited is listed in the Oil & Gas Field Services,nec sector of the London Stock Exchange with ticker THAL. The last closing price for Thalassa was 24.50p.
Thalassa currently has 7,945,838 shares in issue. The market capitalisation of Thalassa is £1,946,730.
Thalassa has a price to earnings ratio (PE ratio) of -2.19.
This morning THAL shares opened at 24.50p
Posted at 11/12/2024 16:38 by pugugly
Dutch auction strike price thoughts? Also will Soukup participate? Is he allowed to?
Fair value?
No dividends (according to ADVEN) No dividends issued between 11 Dec 2014 and 11 Dec 2024
So dead money in respect of income and significant capital loss.
Posted at 01/10/2024 10:44 by varies
PS.
I have refreshed my recollection of Autonomous Robotics by watching the short video available under that title.
This video looks unchanged to me from my last viewing a year or two ago and l suspect that there is no demand yet for the Flying Nodes.
The cost of their development appears at about £1,500,000 in the accounts and this is no longer being amortised. Expenditure on them has more or less come to an end.
So there is about 20p per share to knock off the declared asset value in this respect.
Posted at 01/10/2024 10:06 by varies
Hedgehog. Thank you for posting these figures.
I am very pleased to see that Mr Soukup has paid THAL over £2 million in restitution for the Tappit debacle and will bring this up to £3 million.
The shares look extremely cheap on an asset basis but we small shareholders have no say in what happens here.
The same applies, of course, to small shareholders in most companies !
Posted at 27/9/2024 14:52 by hedgehog 100
27/09/2024 07:00 EQS Regulatory News Thalassa Holdings Ltd: 2024 Interim Results LSE:THAL Thalassa Holdings Limited

"Interim Results for the period ended 30 June 2024

The Company is pleased to announce its results for the six months ended 30 June 2024. The unaudited interim results have been submitted to the FCA and will shortly be available on the Company’s website: www.thalassaholdingsltd.com

Highlights for the 6 months ended 30 June 2024

GROUP RESULTS 1H 2024 versus 1H 2023, unless otherwise stated (Unaudited)

• Profit /(loss) after tax for the year £0.24m vs (£0.53)m

• Group Earnings Per Share (basic and diluted)*1 £0.03 vs (£0.07)

• Book value per share*2 £1.19 vs £1.20

• Investment Holdings *3 £8.8m vs £7.7m

• Cash £1.4m vs £0.6m ...

Holdings -

Restitution -

As at the time of writing I have so far covered £2,086,00 for the losses incurred by the Company due to the collapse of Tappit, due wholly, in my opinion, to the incompetence of the Company’s Board. I will continue to contribute funds up to a total of £3m.

NWT -

Newmark Security recently published Full Year 2024 (Yr end 30 April) results, which confirmed our view on recovery with Revenues up +10% and EBITDA up +50%. NWT shares have also performed well since the beginning of the year and have increased 26.67% YTD. ..."
Posted at 29/7/2024 13:52 by kooba
So last week the company buys 9.94% holding in surgical innovations ..a not so successful highly illiquid UK smaller company. Market Cap £7.467m..for £700k i guess? Since that acquisition represents a large part of its market value it should have been disclosed rather than just a holding in company rns.Now it buys for an undisclosed sum 10.09% of a loss making bombed out surgical device company on Euronext. Market cap E 4.48m no idea what was paid as the shares have crashed to tiny fractions of a Euro. Maybe between e140k and e400k..who knows.Though i see it has just entered in merger talks..maybe 2+2 = 5 or just making a bigger loss making outfit?https://api.safegrp.com/api/public/pdfs/1721976729335-741345078_SafePRSpineUp.pdfThe merger apparently values the company at e10m..lovely but that is on the basis of valuing a smaller rival at e10m it seems ..so just engineering really. So having got some cash in from the last disaster..we are buying lumps of illiquid companies in surgical devices with no apparent strategy they wish to share with shareholders..but an area they seem to have no experience as far as i can see.There appears no governance with this company whatsoever.Today's rns is not really a trading update at all..it doesn't mention cash paid for this 10% holding and doesn't explain the rational of using the cash in making these recent investments. So explains nothing as to the financial impact or rational of what they are now doing.This continues to be a rather unsuccessful plaything for the Chairman..with little prospect of returning value to shareholders any time soon and virtually no explanation for the very random strategy..if there is one at all.
Posted at 06/1/2024 19:58 by varies
Thanks again, Kooba.
The Discretionary Trust seems to hold 25.71%, say 2 million shares now worth c. £480,000.
I wonder if THAL has any security for the loan beyond this holding. The share price may well have been about 70p when these arrangements were made.
There seem to be good reasons for Thalassa Holdings being registered in the British Virgin Islands !
Posted at 06/1/2024 14:07 by kooba
That is true and leads to a conflicted position for Soukup who is the only obvious beneficiary. Controlling the discretionary trust means he has full control of the company ..DS is a trustee. The trust owns shares in the company but owes the company a chunk of money that presumably is secured against the shares. The shareholding now does not cover the loan and there is no obvious way that the debt can be repaid. The Loan is to the THAL Discretionary Trust, the terms of the loan are set with a 0% interest rate however interest has been accrued at 3% as per IFRS requirements, it is the intention of the Company to waive this interest upon repayment of the capital. It's effectively an interest free loan to himself now invested in the shares which have fallen well below the loan amount and there is no obvious way how shareholders will get repaid. Using shareholder funds on this scale and holding such a large equity holding is highly dubious.This all needs tidying up for the benefit of all shareholders..it's a bloody mess and the non executives need to step up and protect minority shareholder interests. Should all be wound up and cash repaid.
Posted at 06/1/2024 12:06 by varies
Thanks so much, Kooba.
Amongst the assets I see a loan of £1,492,000 to the Thalassa Discretionary Trust, a trust set up for the benefit of employees and presumably managed by Mr. Soukup.
The trust has a large holding in THAL but no information is provided about its other assets and whether it could repay this loan.
Mr. Soukup receives a salary from THAL of over £300,000 p.a. So he may not see an advantage in liquidating the company much as you and l and others might like to see this.
Posted at 26/12/2023 13:36 by kooba
Both are correct..one , the larger figure is the number of shares outstanding .. . The smaller figure is shares in issue..that is the figure to use for market cap , the other issued shares are held by the company in treasury following share buybacks. Number of securities in issue (excluding those held in treasury): 7,945,838Number of securities held in treasury: 12,906,521On Newmark from last report in Sept '2023NWT -https://newmarksecurity.com/• Share price performance of NWT continued to recover slowly through H1 2023. We still believe that, given the age of its chairman and the fact that he has three children, two of whom are not involved in the company, that NWT will, in due course, be sold. We are patient investors and will continue to hold our position.From interimsGROUP RESULTS 1H 2023 versus 1H 2022, unless otherwise stated (Unaudited)• Profit /(loss) after tax for the H1 period under review• Group Earnings Per Share (basic and diluted)*1• Book value per share*2 30 June 2023 vs. 31 December 2022• Holdings* 30 June 2023 vs. 31 December 2022• Cash 30 June 2023 vs. 31 December 2022£0.6m vs. £0.6m* based on weighted average number of shares in issue of 7,945,838 (2022: 7,945,838)* based on actual number of shares in issue as at 30 June 2023 of 7,945,838 (2022: 7,945,838)* includes all holdings ex cashSo according to company net assets per share as at 30th June 121p per share...so if you believe the somewhat opaque assets then the shares trade at an 80% discount to assets.DYOR
Posted at 28/3/2019 07:40 by ntv
He has jacked by the THAL share price by restarting the buy back but if he stops the buy back at any point the THAL share price will drop like a stone
He will probably do that to get at LSR's cash
Maybe another preference share issue or some other devious plan to get at your money
YOU HAVE BEEN WARNED
Thalassa share price data is direct from the London Stock Exchange

Thalassa Frequently Asked Questions (FAQ)

What is the current Thalassa share price?
The current share price of Thalassa is 24.50p
How many Thalassa shares are in issue?
Thalassa has 7,945,838 shares in issue
What is the market cap of Thalassa?
The market capitalisation of Thalassa is GBP 1.95M
What is the 1 year trading range for Thalassa share price?
Thalassa has traded in the range of 22.20p to 26.50p during the past year
What is the PE ratio of Thalassa?
The price to earnings ratio of Thalassa is -2.19
What is the cash to sales ratio of Thalassa?
The cash to sales ratio of Thalassa is 7.73
What is the reporting currency for Thalassa?
Thalassa reports financial results in GBP
What is the latest annual turnover for Thalassa?
The latest annual turnover of Thalassa is GBP 252k
What is the latest annual profit for Thalassa?
The latest annual profit of Thalassa is GBP -891k
What is the registered address of Thalassa?
The registered address for Thalassa is FOLIO CHAMBERS, PO BOX 800, ROAD TOWN, TORTOLA
What is the Thalassa website address?
The website address for Thalassa is www.thalassaholdingsltd.com
Which industry sector does Thalassa operate in?
Thalassa operates in the OIL & GAS FIELD SERVICES,NEC sector