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Share Name Share Symbol Market Type Share ISIN Share Description
Thalassa (DI) LSE:THAL London Ordinary Share VGG878801031 ORD SHS USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 80.00p 78.00p 82.00p 80.00p 80.00p 80.00p 5,000 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 0.0 -1.9 4.4 17.2 14.37

Thalassa (DI) Share Discussion Threads

Showing 4226 to 4247 of 4250 messages
Chat Pages: 170  169  168  167  166  165  164  163  162  161  160  159  Older
DateSubjectAuthorDiscuss
18/1/2019
08:43
Agreed, a total farce. They have even issued another RNS today stating the uprating to the Main Board and delisting on AIM will take place over the next 2weeks. A £15m MCap, BVI holding company with more than dubious corporate governance has no chance of a Main Board listing...…..surely???
skyship
17/1/2019
13:57
short it to hell
ntv
17/1/2019
09:26
Complete farce, amazing share price holds up in view of the voting rights. Havent seen deepvalue post here yet
hindsight
17/1/2019
08:58
WH Ireland, their Nomad, is also a disgrace.
skyship
17/1/2019
08:52
to say the least the London Stock Exchange should be ashamed of itself in allowing this sham of a company to even be listed on the AIM market let alone apply and to have a main market listing. You have opened a large can of maggots LSE you are a disgrace
ntv
10/1/2019
08:51
Thalassa Chairman takes on two sets of shareholders. hTTps://cube.investments/thalassa-thal-chairman-takes-on-two-sets-of-shareholders/
rndm355
09/1/2019
09:28
nobody would went the valueless ordinary shares as they have virtually no value to an new shareholder so it will be a low offer to try and grab some stock to try to get to 50%
ntv
06/1/2019
18:24
Crumbs, thanks GWR7! Worth sharing on the LSR thread too if you wish.
andyr0503
06/1/2019
18:11
Good post. Yes, this company is a disgrace.
topvest
06/1/2019
15:24
I'm following this with interest. Here's a post from over four years ago. GWR7 - 17 Sep 2014 - 09:12:11 - 2801 of 4217 From a corporate governance viewpoint I regard this as completely uninvestable. As has been pointed out, Thalassa is lending money to a Thalassa trust to buy shares in Thalassa. This seems reminiscent of the activities of Enron. The trust is supposedly a beneficial trust for employees of the company but it is under water, largely due to the purchase of 1 million shares from chairman Soukup at the startling price of £2.70 (using a loan from the company). This was a beneficial exit for Soukup, who is a trustee (lol) but not so good for thin cat employees and shareholders. The thing is, the trust has racked up over $7m of loans from the company. As it is under water on the shares it has bought it has no means of paying back these loans so by rights you would think they ought to be impaired. Given also that Thalassa pays a company in which Soukup has an interest over 400k a year on consultancy fees I can see why it's registered in the British Virgin Islands. Barge pole job for me.
gwr7
28/12/2018
11:09
Could well be, frazboy, It is a mystery to me.
gfrae
27/12/2018
13:43
I meant to add, that volume on Thalassa has been pretty modest since the preference shares were issued
frazboy
27/12/2018
13:38
Absolutely gfrae. I wonder if the reason DS has gone for the main market listing, is, despite his best efforts with the preference shares, he still won't be able to swing a shareholder vote to buy LSR on the terms he's planning
frazboy
27/12/2018
12:52
I suspect the company would be delighted to buy all shares offered to them at these prices.
gfrae
27/12/2018
12:37
Yes, agreed - that would be amusing. This company is pure GREED.
topvest
23/12/2018
13:10
amyone know a spread bet firm that you can short these with?
ntv
23/12/2018
13:08
topvest agreed and which LSR shareholders really want worthless THAL ordinaries(they won't get Peference shares) my guess an all share offer from memory the prefs have 10 times voting powers Preference shares get first claim on assets as well if liquidated WAFJ the AIM FSA london stock exchange are How many other directors will run off with a couple of mates with all the cash in due course wonder what the rumuneration package will be this year
ntv
22/12/2018
15:09
This is what was said in September: really no need to try and work out. "LSR Thalassa currently owns 25.48% of The Local Shopping REIT plc ("LSR"). The liquidation of the company's assets continues apace; unfortunately, the losses incurred on disposal also continue apace. We are clearly unhappy with the level of cost that LSR and, therefore, its shareholders are incurring whilst its advisers, managers and consultants are rewarded for generating ever increasing losses! THAL's 25% holding does, however, represent 'negative equity control', which, bluntly put means that LSR will be unable to distribute any cash to its shareholders beyond the sum of its retained earnings (currently GBP8.1m but dwindling fast) without an extraordinary resolution requiring 75% of the votes cast at the meeting. Clearly no such majority can be achieved without Thalassa's votes. Thalassa accounts for its holding in LSR as an associate company. As a result, Thalassa's current holding cost basis is +/-29.6p per share, which does not reflect the +/-2.5p per share of Forex hedging gains that the Company has also realised and booked. I believe that Thalassa shareholders will do well out of the Company's investment in LSR, in spite of LSR's woeful performance!" Very clear: 1. Historical cost was 29.6p. 2. Clear undertaking of 'minority equity control' and likely blocking of any special resolution. 3. Conclusion that they will do well, and so the only way they will do well is if non-Thalassa shareholders of LSR get proportionately, a lot less.
topvest
22/12/2018
09:27
Frazboy - Yes, I was going on their press announcements. I do agree that DS paid early to mid 30s for his early holdings. I think the reconciliation between the two may be to do with exchange rate changes and hedging - that was all I could think of.
andyr0503
22/12/2018
09:02
Andy - by the way, you said THAL had made a profit on the LSR holding but if you go back to the original announcements regarding the purchases I think you’ll find DS paid early to mid 30s for his holdings. That is inconsistent with what is stated in the more recent Thalassa press announcements. Happy to be corrected on this.
frazboy
22/12/2018
07:35
Frazboy,Was just thinking aloud really - very interesting that a full listing gives additional flexibility in certain circumstances which goes against the general perception of AIM having virtually no regulation.Anyway good to bounce a few thoughts :-)
cockerhoop
21/12/2018
22:09
Or any future THAL M&A deal
cockerhoop
Chat Pages: 170  169  168  167  166  165  164  163  162  161  160  159  Older
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