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% 99.50p 98.00p 101.00p 100.00p 99.50p 99.50p 20,359 13:36:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 11.3 2.0 7.3 14.6 20.51

Thalassa (DI) Share Discussion Threads

Showing 4076 to 4099 of 4100 messages
Chat Pages: 164  163  162  161  160  159  158  157  156  155  154  153  Older
DateSubjectAuthorDiscuss
25/10/2017
10:42
It doesn't worry me particularly.........DS already manages like he owns over 50%!!!! The on-off nature of the buyback does lend a chaotic feel though. In fact I would have preferred him to buy at the discount available here rather than chasing the rather narrower discounts to NAV at LSR.
cockerhoop
25/10/2017
10:08
Of course, these buy backs will increase DS's %age holding which may worry some.
gfrae
25/10/2017
08:08
DS may be planning a new venture and the question is whether he will do it through Thalassa. Keeping things liquid and buybacks could indicate with Thalassa that a return of capital and/or liquidation is planned. It is foolhardy to squander resources on a buyback and then have to borrow for a business. DS may be a maverick but I don't think he is completely stupid. Time will tell
camerongd53
25/10/2017
08:07
......Good point, well made :-)
cockerhoop
25/10/2017
08:02
... and there has been nothing in any of the communications from the company to imply that a capital return is on the cards (I'm not saying it won't happen, predictability is not a quality that Duncan possesses)
frazboy
25/10/2017
07:54
......and the discount would be far narrower if a return of capital was on the cards. DS will be aware or at least formulating his plans for the sale proceeds whilst investors have no idea.
cockerhoop
24/10/2017
22:21
his logic is, that most investment funds trade at a discount to NAV. Thalassa is such a fund but with a maverick at the helm. what discount to NAV do you think Thalassa should trade at?
frazboy
24/10/2017
20:13
I don't fully follow your logic. All the investments they have made recently have been of a short term nature - the asian mine has already been cashed in and the property company was in wind down mode. The buy back of its own shares at a discount to nbv transfers wealth from weak sellers to those left holding the shares at the end. I see a very reason not to sell the shares at the moment
camerongd53
24/10/2017
17:02
I imagine management also have vital valuation information beyond the sale namely what will the proceeds of the sale be used for. I'd suggest the current discount for a takeover with subsequent return of capital would be substantially lower than the prospect of investing the money in a remote gold mine as a purely hypothetical example!
cockerhoop
24/10/2017
16:04
I think it is obvious that management know more about the offer than the market knows. Did they not reject an approach earlier (possibly from another company) because it was too low. The current due diligence must imply it is an adequate price, but we are not being told what it is. I suspect that the suspension of the share buyback was due to a possible hickup in the deal. I therefore suspect a deal is now back on with the resumption of the buybacks. I presume the company is not being altruistic in buying back shares at the current price, but is doing it because the major shareholder benefits from weak shareholders selling out at the current low price, before it rises when the deal is confirmed Just being a skeptic and possibly realistic!! Will be holding on to my shares at current price even although am sitting on a big loss
camerongd53
24/10/2017
14:32
Unless management have information about the sale which is not in the market (i.e. a change to the price/terms or a withdrawal of the buyer) then they know as much as us about the impact the sale will have on the price. As I posted in 4072 net asset value per share will be something between 112-178p a share. So any purchase of shares at the current level will increase NAV/share, which is presumably why they are doing it...
stemis
20/10/2017
18:46
Even less of a idea what is going on here!!! Suspension of buyback is lifted and price rises back to 90p. Was someone using the drop in price for a month to buy shares on the cheap. Have no idea what the proposed deal to sell off parts of the company will have on the share price but management must surely have an idea. As they are not communicating we must surely be operating in a false market. There must be a reasonable case for a suspension of the shares pending a meaningful announcement. All will become clear in a month or so when details are announced and will hopefully be for the better. The price that the company buys back shares if any will give us an indication of what the effect on the share price will be
camerongd53
22/9/2017
17:18
Duncan disorderly.
mr macgregor
22/9/2017
15:48
Cannot understand what is going on The company bought its own shares last week @ 90 pence Today it says it has stopped the buyback and the price drops to 86, so Thalassa could buy more shares for less than 90p Only thing that appears to have happened is that due diligence has commenced - why should that make a difference??? The only thing is that DD has thrown up something that could affect the price offered which I don't think has been disclosed. Any body got any thoughts?
camerongd53
20/9/2017
08:42
Well WYG hasn't been sold yet, there's still due diligence to complete. I'm also not sure what assets in the THAL balance sheet go with WYG and what stay. Depends also how much value you place on the performance payment and on ARL. So currently I'd say base NAV of 112p (no performance payment, £1m costs and ARL at 0) to a potential 178p (full performance payment and stake in ARL worth £8m).
stemis
20/9/2017
08:32
I cant find anything on the warrants either.
gfrae
20/9/2017
08:29
I was seconding Varies congratulations on the Papua sale.
gfrae
20/9/2017
07:48
Seconded. Does anyone know of a reasonable NAV estimate ? We know WYG sold for $20m pius $10m performance payment. LSR stake worth about £7m. Plus how much cash? Less perhaps some redundancy payments and costs,maybe some tax ...is the new owner of WYG taking on the staff and using the same premises ? I assume the resulting cash to be somewhere between £20m and £35m or about £1 to £1.75. Does anyone have a better calclution,do we know what the broker is estimating ? The next question ,of course,is what is DS going to do with the Money ?
gfrae
20/9/2017
07:40
Offset by the exercise of 500,000 warrants which I'm struggling to find record of them being issued? WH Ireland not helping me understand by not returning my calls! Anyone able to help.....Stemis?
cockerhoop
19/9/2017
10:51
Well done, Mr.Soukup. A profit of £60K on a £400k investment is of little consequence to THAL but is evidence of his sound judgment as an investor and encourages me to think that the bigger investment LSR will provide a good return in the near future too. I rather hope, all the same, that Mr. S. will not be investing THAL's money in any more bucket & spade operations, having lost a fair amount of money in these myself.
varies
19/9/2017
07:59
Looks like they exercised the warrants. Anyone know the terms of the warrants ?
gfrae
18/9/2017
21:27
LOAM added another 500k shares??
jmf69
18/9/2017
15:36
Getting out with a profit was more luck than judgement imo.
mr macgregor
18/9/2017
14:57
I would guess there was an alternative plan when Thalassa refinanced the company ...it is now going in another direction and cost of their support is getting them out with a profit.Imho
kooba
Chat Pages: 164  163  162  161  160  159  158  157  156  155  154  153  Older
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