Thalassa Share Discussion Threads

[mr macgregor] 07/12/2015 11:13

Cautiously worded but that's no bad thing and this is a deep value share. They've done very well to secure that contract in the current environment.

[gnnmartin] 07/12/2015 10:55

I was encouraged too. I find it hard to guess the ongoing overheads, so hard to translate revenue into cash flow. Still, encouraging.

[rivaldo] 07/12/2015 10:00

Today's ConocoPhillips contract is excellent news - with a nice 5 year initial term too.

The trading update seems good too on the face of it given current market conditions - forecast revenues for this year of $18.5m are well up on last year's $15.5m.

Next year's revenues already have a base of $8.8m, with $11m in 2017 already secured.

Happy to be corrected as the RNS could have been better written, but I'm pretty happy on first look, with around £12m in the bank against an £11m m/cap.

[red army] 03/12/2015 12:21

40p is the line in the sand.

[bookbroker] 03/12/2015 12:18

We know what the cash level is, this business has no right to be trading below that, however what is the likelihood of Sickdog trying to buy this on the cheap, let's face it he would likely try or take the co. private!

[rbonnier] 03/12/2015 10:13

Relentless thrashing of share price to below value of cash at the bank major shareholders either sold out or currently selling out is the market preparing for a full year warning ? I'm looking to buy in at around 25-30p

[rbonnier] 20/11/2015 17:22

LoL how do you know there is no business left bit of a rash statement to make down 7.5% just because a few people have got bored and sold out because they see better opportunity elsewhere .

[baracuda2] 20/11/2015 15:47

I topped up recently and may do so again

[baracuda2] 20/11/2015 13:48

Why the drop today?

[bookbroker] 27/10/2015 08:24

I hope this co. continues to be conservative with its plans through the oil downturn, can see it falling to $35, I am afraid Saudi Arabia has made a rod for its own back, OPEC needs to look after its other members, the loss in revenue for Saudi with a low oil price far outweighs a cut in production!

[rivaldo] 27/10/2015 08:17

Good to see the share price move up 2p on just £4k of buys. Not much stock around?

[greenroom78] 25/10/2015 14:59

I've never had problem with Investor's Champion, if you don't want to click the link try their website and blog (it's free).

[melody9999] 24/10/2015 10:08

not so bookbroker. look out elsewhere for your system issues

[bookbroker] 23/10/2015 16:43

Scam site, above, caused my system to quit!

[bookbroker] 21/10/2015 20:59

Doesn't matter, they would be the beneficiaries!

[pj 1] 21/10/2015 13:35

Good point! I've lost track with the Russian one, was it definitively written off along with loss of some assets or is the position still pending as such?

[cockerhoop] 21/10/2015 13:19

Which bad debt? The Russian one or the one to the employee benefit trust?

[pj 1] 21/10/2015 13:11

Has the bad debt been accounted for?

[bookbroker] 21/10/2015 11:58

Nice thing now about this co. is that they conserved their cash very rigorously, could have been easy to fritter it away believing in a resurgent oil sector, it's clear they understand the dreadful situation confronting many oil service sector businesses, and they are determined not to become a victim, however that should be countered by the not inconsiderable fall from grace throughout the last two years in terms of share price!

[cockerhoop] 21/10/2015 11:51

Yes, there should be some margin in 3,500 flying nodes :-)

[stemis] 21/10/2015 10:42

I'll get excited when they land their first material contract using the system...

[cockerhoop] 20/10/2015 08:38

Not sure it's that significant. As per the interims the project has been scaled back and they require an oil major to get on board to provide funding to take it forward. I imagine this is part of the process but to RNS presenting a paper to a conference seems slightly ott.