Thalassa Share Discussion Threads

[rbonnier] 05/1/2016 11:19

Hi bookbroker the reason the share price has crashed apart from the dire crisis in the sector is the major shareholders with significant stakes have either bailed or a bailing .Fortress are out and I think imo Henderson have dumped the lot as well which are currently depressing the share price with a large overhang once cleared I think this will bounce significant ly as its very oversold the business is valued at nothing and it trades at a discount to cash in the bank .Will probably be tipped somewhere once the seller is clear as this looks like a good opportunity to me to make money.

[kooba] 05/1/2016 08:27

The shares are trading at a substantial discount to nav ...by buying shares at such a discount they are enhancing the asset value to remaining shareholders.Excellent game plan rather than sitting with cash in the bank earning f all imho.

[spob] 15/12/2015 14:25

i approve the share buyback in this case

but only if the shares are immediately cancelled

[spob] 15/12/2015 14:19

kept in treasury is not deletion

they can use them in future - for example - directors compensation

[rbonnier] 15/12/2015 12:58

Not pointless as they are deleted from the free float so if these shares ever come into demand again the rise should be dramatic as less shares become available.The way things are going that looks unlikely with this red just about every day.

[rbonnier] 15/12/2015 12:58

Not pointless as they are deleted from the free float so if these shares ever come into demand again the rise should be dramatic as less shares become available.The way things are going that looks unlikely with this red just about every day.

[spob] 15/12/2015 12:32

do they intend to delete shares bought back ?

if not

a pointless excercise

[jmf69] 15/12/2015 08:14

Another 118k bought back

[jmf69] 11/12/2015 08:39

That 740k shares bought is around 3% of the total issued shares.That's a sizeable chunk taken out of the market but as they say no more news likely until spring.

[jmf69] 10/12/2015 11:04

Yes gnnmartin there is an rns

[gnnmartin] 10/12/2015 10:38

JMF, Mr MacG, do you mean that THAL are buying back THAL shares? Is there an RNS that confirms this?

[rbonnier] 10/12/2015 08:04

See what I mean about the over hang they were able to buy 740k at a discount to the offer

[mr macgregor] 10/12/2015 07:57

I saw the cash pile as a comforting buffer but now it's on its way down. Share buyback are an act of desperation when nobody else is interested.

[jmf69] 10/12/2015 07:14

740k shares bought back yesterday

[bookbroker] 10/12/2015 01:28

Why so negative Bonnier, this co. could simply return cash to shareholders, I can't see why Sickdog wishes to see his investment and significant it is go down the pan just like that!

[rbonnier] 09/12/2015 23:08

Just about certain the share price will collapse here with Henderson bailing there is already an overhang from the last seller who dumped around 20%,soukoup losing all his major shareholders here they've lost all confidence in thal must be a very costly mistake by those corporate clowns because they paid a lot more than 40p for them ouch !!

[mr macgregor] 07/12/2015 16:12

Agreed. Don't like the way the company has used its paid analyst to let that slip. Makes it sound as though they're buying this contract. Watching brief for me.

[gnnmartin] 07/12/2015 14:57

Investor's champion note says: "Unlike the existing multi-year contract with Statoil, where the customer owned the equipment and Thalassa oversaw its manufacture, under the contract with CoP Thalassa will construct and own the equipment, which will therefore necessitate significant capital expenditure."

I did not pick that up. That makes the shares somewhat higher risk.

[rbonnier] 07/12/2015 12:47

Reckon that might be another major seller in the market Henderson might be completely wrong time will tell.