Thalassa Share Discussion Threads

[skyship] 31/7/2017 12:53

THAL has bought another 400k LSR @ c31.5p. A strange move; but perhaps a prescient move.

[cockerhoop] 14/7/2017 07:58

Could PNG be a shell to back ARL post investment into?

[cockerhoop] 14/7/2017 07:57

JMF69,

There was a discussion earlier whether the 3rd party should have considered taking the whole company over - I imagine HE was responding to that.

Regards you expecting more selling I think the £4m buyback along with decent operational performance will support the price.

[jmf69] 13/7/2017 20:49

Not sure what LSR or PNG have to do with anything? Wasn't the offer just for WGP?

[horndean eagle] 13/7/2017 18:13

Buyer wouldn't want to be lumbered with LSR and PNG. Probably why they did go aggressive. DS doesn't have a blocking stake iirc.

[jmf69] 13/7/2017 16:39

I was expecting more selling after todays news

[greenroom78] 13/7/2017 15:41

I was a little disappointed with the outcome this morning but not disappointed enough to sell at a stupidly cheap price. I would be interested to know if the buy back will be a little more aggressive now or whether they will be passive and let the sellers come to them and mop up liquidity.

On the issue of why the buyer wouldn't make an offer for the entire company in the market, would DS's % holding block this?

[cockerhoop] 13/7/2017 12:00

Stemis,

I don't think we're short of potential catalysts:

Improved trading/Oil Price Increase
External investment in ARL
Significant Share Buyback
Further takeover activity

and of course discovery of Gold/Diamonds in PNG or a exponential increase in hunting lodge rates :-)

[stemis] 13/7/2017 11:13

I think it's clear that Thalassa is very undervalued however I guess the issue is what is going to change it...

[cockerhoop] 13/7/2017 10:58

Kooba,

Good commentary, I'm also encouraged by today's statement. I think it reduces the fear (I had) of DS taking the company out on the cheap as it has in effect valued an unacceptable offer. It would be scandalous for DS to take it out lower now without a deterioration in trading.

All the commentary is suggesting 2017 will be a decent year. The buyback isn't limited to shares in the public hands but should underpin the current share price

[jmf69] 13/7/2017 10:36

I am still holding and very good analysis. Interim results should be good and there is nothing stopping the potential buyer coming back in with a better offer?

[kooba] 13/7/2017 10:30

So unacceptable offer for WGP And a stake in robotics was equivalent of current market cap..£15m plus.The company then has cash and liquid investments worth a further £13m?Substantial share buyback.21.6m outstanding 42.1% not in public hands...9.1mLeaves 12.5m shares available to buyback.Company has only used £225k of initial £2m share buyback now extended to £4m...so £3.775m to do.At 66p that would be 5.7m shares from the free float of 12.5m...some 45%!Not surprised they are going to aggressively buy back and since recent offer plus other assets about double current price think they will not be afraid to buy up I expect.Question is why would the buyer not bid for whole company.Gets WGP all of robotics and £13m of cash and cash equivalents!Maybe they will! Holder personal view.

[jmf69] 13/7/2017 09:47

Given the current market cap is around £14.5m. That equates to a buyback of just over 25%

[jmf69] 13/7/2017 09:29

As at 31st Jan they had utilised £222,500 which still leaves £3,777,500

[horndean eagle] 13/7/2017 09:24

Correction on share buyback amount. They have utilised about 1.5m so far and that leaves 2.5m. About 15% of potential shares at current levels.

[pj 1] 13/7/2017 09:14

I've exited my small position this morning. Is all way too complicated and cloak and dagger for my simple mind. KISS

Good luck to those holding.

[horndean eagle] 13/7/2017 09:03

That share buyback is pretty chunky. Equates to about 25% of current market cap. Wondering whether Duncan is looking to take over the company on the cheap via backdoor buy backs.

[jmf69] 13/7/2017 07:27

No Disposal but share buyback doubled

[jmf69] 06/7/2017 14:28

More 10k buys today

[jmf69] 06/7/2017 06:08

Someone has been buying chunks of 10k and 15k.

[kooba] 30/6/2017 17:57

Seems to be a top fund manager....But here he is buying personally!http://www.whatinvestment.co.uk/top-investor-reveals-two-uk-small-caps-exciting-opportunities-right-now-2553759/

[jmf69] 30/6/2017 16:13

Someone upping their holding

[kooba] 27/6/2017 11:03

Party?Not too sure ..DS not necessarily the kind to hand cash back.He is an activist investor and maybe has plans to take more aggressive or strategic stakes to create value in small co's...Would be fair to offer reasonable exit for those who dont want a change of direction?