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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 24.50 | 23.00 | 26.00 | 24.50 | 24.50 | 24.50 | 0.00 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil & Gas Field Services,nec | 296k | -1.45M | -0.1825 | -1.34 | 1.95M |
Date | Subject | Author | Discuss |
---|---|---|---|
08/12/2016 17:34 | No one appears interested in Soukup only 2% voted for THAL I would call that an absolute disaster along with the share price of this stock ! | catswhiskas | |
04/12/2016 15:51 | I don't think THAL is trading at much of a discount anymore now its blown a load of shareholders money on a pure punt on some no hope miner that's got no money and trapped in lsr sitting on a 20% loss with its plans all gone pear shaped.Couldn't think of any reason to buy the shares really the oil price will recover that will help but these latest transactions just look a feeble attempt to diverse from its core business which might be beginning to come back to life | rbonnier | |
04/12/2016 12:33 | RCT2: "There is nothing per se wrong with an arbitrage play, what matters is the potential return, certainty of return and timescale." In that we are totally agreed... "LSR does not seem to me to be that attractive." In that I have taken the view that the 35% discount allied to a maximum 3yr liquidation IS sufficiently attractive. For others, perhaps best to wait for the stats and statement to come with the Finals in c2weeks time | skyship | |
04/12/2016 09:07 | There is nothing per se wrong with an arbitrage play, what matters is the potential return, certainty of return and timescale. LSR does not seem to me to be that attractive. | rcturner2 | |
04/12/2016 09:00 | RCT2 - Incidentally, I well remember one of my best ever investments was an "arbitrage play". Back in Jan'08 Galahad Capital (GLA) was in receipt of a cash bid worth 19.35p. Initially the shares traded at c19p; then, as the shares were to be delisted ahead of receipt of the cash, Barclays stockbrokers warned clients they had two weeks to sell in the Market as they couldn't hold a delisted company! Those poor investors sold their stock down to 16.75p, which provided a fantastic opportunity for those who knew or heard of GLA - a totally secure 12% gain in just a month. If only this game were quite so easy every time; and I do hope those that suffered removed their business from Barclays. Would you not have bought if you had been made aware of that opportunity? | skyship | |
04/12/2016 08:59 | Skyship, your definition of a value trap includes LSR but not THAL lol. | rcturner2 | |
03/12/2016 16:41 | Skyship, I agree LSR is decent value at 28p, the issue for THAL shareholders is that DS used their money to buy the shares at 34p. Whilst LSR is in liquidation mode, the board have also stated that they'll not sell properties down below a level that make efficient running of the company impossible so it's possible an extended standoff could occur for the last tranche of properties. Interested you imply THAL is a value trap, i'm not sure I agree with that. I'm no fan of the company and it's laughable corporate governance but certainly wouldn't describe it a value trap. Care to elaborate? | cockerhoop | |
03/12/2016 16:22 | The trouble with LSR for me is that it feels like buying a £10 note in 3 years time for £9. What's the point? Surely most investors want their money to go into productive assets not some dubious arbitrage play. | rcturner2 | |
03/12/2016 10:35 | To those understandably sceptical THAL shareholders wondering about LSR. With the Finals this month, LSR is due to set out the new plan to liquidate at best value before 31st Dec'19. Personally as an LSR bull, I expect/hope the portfolio buyer who was in talks at the beginning of this year, will return with an offer which will hasten liquidation in 2017. If not, then LSR will be looking to a more aggressive sales programme at the various Auction houses across the UK, especially Alsopps and Acuitus. The former, though quicker, would likely deliver c37p to LSR holders. The latter, though slower, more likely to deliver c42p, perhaps more. Soukup's intervention has surely helped LSR shareholders; but I do agree that the price he paid does rather cast doubt on his judgement - especially as he apparently has very little experience, if any, in the Real Estate sector. Having said the above, IMO @ 28p LSR is a great VALUE buy, especially in a Market increasingly difficult to find VALUE. Compared to THAL it has the advantage of NOT being a value trap. As it is in liquidation mode, the underlying value will be delivered to shareholders at some stage over the next 3 years. | skyship | |
02/12/2016 10:52 | The situation at LSR is similar to that at THAL. Both are undervalued. Maybe THAL should also liquidate itself or put itself up for sale-like LSR the parts would appear to be worth more than the whole. | gfrae | |
02/12/2016 10:37 | How much of his time and energy has, and needs to be, spent fighting for value at LSR, which may deflect him from the bigger picture in THAL core business's? He's lost a battle but not the war. Most wars last years | pj 1 | |
02/12/2016 09:02 | Really is becoming difficult backing DS.I'm sure if his flights of fancy pay off he would be first to blow his own trumpet...but little is paying off.he has now invested a large part of the company's balance sheet in an illiquid property play that is managed by people he thinks are rubbish...it may be standing at a discount to nav ( but the ongoing management have managed to destroy value so expect more of the same!) but he has no way of controlling how we get the money back...except if we find someone to take the stake off our hands for what was paid....but there is no chance as it appears he aggressively overpaid in the circumstances....I thought he must have a clearer plan but obviously just a punt!!So we sit on a non core no controlling illiquid asset where we are currently sitting on a large loss...having failed to pick up any synergistic oil services assets during a period of great opportunity when we had a large cash balance to be the only buyer in town.Hoping that someone comes in here and tries to take control from him ...as there is a justifiable argument that recent events have not been in shareholders interests and perhaps someone else can realise value for holders! | kooba | |
01/12/2016 09:11 | but look at the price Soukup paid for the LSR shares. He paid 20% above the current LSR share price and now he's trapped. All things being equal he should be considering his position. | orinocor | |
01/12/2016 08:59 | LSR represents the problem with a lot of floated companies. The BoD make noises to the shareholders but ultimately the entity is a comfortable life with a nice wage and they wont do anything to upset that balance. A good number of companies are run by paid suits who are incompetent at running a business to achieve any growth plan but are very competent at feathering their own nest. DS is a competent entreprenuer but unfortunately lacked the strategic fire power to force a change in the board. What is also unfortunate is the incompetence of the fund holders to be bothered to support a change that would very likely have made a more productive investment out of LSR. This is the primary reason why I run my own investments etc, most institutional funds including banks are wealth destroyers, not always by intention but often by inertia and apathy. In fairness to DS, this may only be round 1. | owenski | |
01/12/2016 08:18 | A well-intentioned but poorly-executed plan. I believe the investment in LSR will cover its cost, and may even yield a modest return, but it will hardly enhance the reputation of DS. Shareholders in LSR should offer their thanks however, as it has probably forced the hand of an indecisive board! | tiltonboy | |
30/11/2016 14:40 | Perhaps because OPEC have reportedly just agreed the first production cuts since 2008 and the oil price has surged.... A good start, but let's see the detail. | rivaldo | |
30/11/2016 10:20 | What's the point in holding this if they're never going to pay a divi - or to sell up as the Chairman is such a megalomaniac / all-round self-aggrandising wnkr?? | boystown | |
21/11/2016 10:08 | Great value here. Profitably trading and even after this morning's rise priced at only 65% of net tangible assets. | columbarius | |
21/11/2016 08:55 | Bought an initial position also. Have good memories from the last time I held in 2013/14, will today's RNS be the catalyst that marks a turning point? | interceptor2 | |
21/11/2016 08:48 | This does look very cheap | jmf69 | |
21/11/2016 08:20 | I've picked up 50k shares this am. | rcturner2 | |
21/11/2016 07:45 | Will try and top up sub 40p I think currently we are very undervalued. | catswhiskas |
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