Share Name Share Symbol Market Type Share ISIN Share Description
Thalassa Holdings Limited 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
  0.00 0.0% 66.00 64.00 68.00 66.00 66.00 66.00 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 0.0 -5.1 29.8 2.3 11

Thalassa Share Discussion Threads

Showing 3876 to 3895 of 4325 messages
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DateSubjectAuthorDiscuss
12/4/2017
11:53
I think THAL is a bit of a marmite share for many. I sold out my remaining shares today.
rcturner2
12/4/2017
11:49
Thalassa HoldingsThe trouble with writing long and ethereal statements, especially when the bumf at the top is all about world economies is that sometimes people dont get down to the good bits about your company. When I saw the THAL price first thing I feared the worst, indeed I was about to fling myself overboard until I progressed past the economics lesson. If you do that you get to see that the Chairman has 'cautious but unpredictable optimism' and that 'in 2016 we exceeded performance expectations at every level from sales to the bottom line'. Other positive comments include that the company has the same, asset light, model and its flexible management structure gives remarkable competitive advantages over the competition. So, the shares should be up, not down as the operating side of the company has performed very creditably and continues to do so.....Top stuff Duncan...http://www.malcysblog.com/
kooba
12/4/2017
11:41
Gfrae, Do you have a reference for the $1.3m spent on Papua? I can only see the £400,000 equating to $0.52m. Cheers
cockerhoop
12/4/2017
10:52
...because he paid more than £5.65m - that was what he paid for 16.6m of the 19m that THAL purchased. Using an exchange rate of 1.33 and 0.34p share you get the $8.6m Thanks again
frazboy
12/4/2017
10:42
Thanks gfrae - I just did a quick and dirty run through this morning, so it may be that at some point the TDT will pay back the loan (when the shares are issued and paid for I presume). On the other point, I'm a bit lost. THAL has 23.2% of LSR which was purchased for around £5.65m in September 2016. So, how did it end up costing $8.6m? The exchange rate at the time was around $1.33/£.
frazboy
12/4/2017
10:24
Frazboy, the $8.6m was for the investment was for LSR on it's own. A further $1.3m was invested Papua. also concerning your point previously about the loan to the discretionary trust,that loan has been written down to the value of the shares when they were 33p. See notes 7,14 and 22 of the accounts for the above. G.
gfrae
12/4/2017
09:52
But it is most likely the continuing investment in ARL that accounts for the discrepancy in Frazboy's view, I would expect it to be sucking up capital, so they need to find partners to progress, and hive it off, but essentially Thal is a holding company,, still unless they can create real value I'm not sure of the case for holding on!
bookbroker
12/4/2017
09:45
They usually post them up on the website pretty quickly so shouldn't have too long to wait.
cockerhoop
12/4/2017
09:44
There is no excuse for holes in the accounts, DS needs to explain a little clearer, but he seems in his own little world!
bookbroker
12/4/2017
09:43
Cheers, I think we're in agreement regarding unexplained holes investment wise. Hoping the Annual report will shed light.
cockerhoop
12/4/2017
09:02
Thal update covered in the penny stock post this mornign, I would have liked to see stronger numbers here to be honest. hxxp://buff.ly/2os1AOC
mikeroot5
12/4/2017
08:53
WGP is a good asset, and the nodes business offers a lot of potential, best to stay with the oil business, I said GTC would have been a good fit, could have bought if for cash last year, even if the industry is weak at the moment it will recover!
bookbroker
12/4/2017
08:44
Just ask Leo Sayer ! Well I'm a one man band Nobody knows nor understands Is there anybody out there want to lend me a hand With my one man band
kooba
12/4/2017
08:41
Frazboy, Agree lots of questions regarding the balance sheet: I'm now unsure that the missing $7.5m was spent on PPE - as you say it's only increased PPE by $3m in assets. I estimate at prevailing exchange rates $7.5m was spent on LSR and $0.52m on Papua Mining. At year end these should have been worth approx $6.1m marked to market. That suggests $2.5m ($8.6m-$6.1m)invested in associated entities that we're currently unaware of. In addition we have $0.826m in 'available for sale' investments, again I'm unsure what that is? It will require the AR to have a chance to get to the bottom of it.
cockerhoop
12/4/2017
08:39
That is why DS should have taken the company private, the business with the discretionary trust, his objectives are difficult to fathom, look at his track record, he is an opportunist at heart, that is why this will likely be rated accordingly, the market simply does not reflect value to one-man bands, they play too many tunes!
bookbroker
12/4/2017
08:10
Well I've been buying....struggle to get anything meaningful...order in at 57p partially filled.
kooba
12/4/2017
08:08
PJ1 - I'm with you out. I'm out. The share BB may come to the rescue, but I'm not holding my breath. There are other factors that further decrease my confidence in DS - i)The cash position is also much tighter than it may appear once you take Trade and other payables into account ii) He's failed to recognise in the accounts that the loan to the Thal DT (of which I presume he is the main benefactor) is probably non-performing but is still in the accounts as an asset and is used in NAV calculations iii) the above remark on the $7.5m of investment that is missing (post 3860), and the fact that his tangible assets have not risen by a similar amount iv) he wants to take credit for his trading activities, but has not marked his asset purchases at market value (bearing in mind that he, presumably, used dollars which were worth more when than they are now when he made those purchases, and both LSR (not that I have a problem with that purchase), and Papua (ahem..) are below the purchase price. I'll watch from the sidelines - best of luck all holders (except DS)
frazboy
12/4/2017
08:06
On the way back up
jmf69
12/4/2017
08:02
Yes ...far as aware.were not operating during close period but now free to make purchases...which I would expect.
kooba
12/4/2017
07:42
Frazboy, Looks like this could relate to the $7.5m spent - as you say not very explicit! 'Despite little time between contract award and mobilisation over Ekofisk in August 2016, WGP designed, built and delivered a new 3rd generation Portable Modular Source System (PMSSTM) on time. This was largely possible due to tight control of all significant parts of the process and logistics. The first mobilisation was executed successfully, despite a complicated work programme, and the vessel departed on schedule. However, bad weather in October delayed survey operations, nevertheless, work was completed in early November.'
cockerhoop
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