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Thalassa (Di) Share Chat (THAL)



Share Price: 44.00Bid: 43.00Ask: 45.00Change: 0.00 (0.00%)No Movement on Thalassa (Di)
Spread: 2.00Spread as %: 4.65%Open: 44.00High: 44.00Low: 44.00Yesterday’s Close: 44.00


Share Discussion for Thalassa (Di) (THAL)


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shan
Posts: 5,623
Off Topic
Opinion:No Opinion
Price:67.00
direcor buy
11 Jun '15
and a nice £29K director buy
 
rivaldo
Posts: 1,459
Research
Opinion:Strong Buy
Price:63.50
WH Ireland increase target to 110p
10 Jun '15
I bought back in with some this morning and will see how it goes as to whether I hold short or long-term.

The $17.7m of cash and $13.6m of PPE does look good against the £12.8m m/cap (I believe there are 25.07m shares in issue, so the m/cap figure in the header post is overstated).

WH Ireland this morning increased their price target to 110p and said Buy:

"Thalassa Holdings*# (THAL) - Buy – Results demonstrate progress against challenging backdrop

Market Cap £15.5m Price 61p Target 110p

Full-year results from Thalassa demonstrated a challenging period for the Group and the wider oil services market. However, driven by a better margin performance than expected, the outturn for the year was ahead of our forecasts. Underlying PBT of $0.5m was against our expectation of a $0.4m loss and year-end net cash stood at $17.7m. A review of the balance sheet has been undertaken, with $11.7m in impairments/provisions taken against the FY 2014A accounts, resulting in reported net assets of $39.4m.

Set against the current backdrop, management reports a more encouraging outlook. The pipeline of order-enquiries and tenders submitted currently stands at $93.5m, with an anticipation that three RFP’s (request for proposal) will be put out to tender for new North Sea Life of Field projects in 2015. Good progress has been made in the year at Autonomous Robotics, with external development funding/partners currently being sought.

With the exception of the impairments/provisions, our FY 2015E estimates remain unchanged PBT $1.0m/EPS 3.4c), based purely on contracted revenue and we also introduce FY 2016E estimates (PBT $1.5m/EPS5.0c). Following the results, we maintain our Buy recommendation and raise our SOTP share price target to 110p."
shan
Posts: 5,623
Off Topic
Opinion:No Opinion
Price:55.50
Thal
21 May '15
Recovery continues!!
50glass
Posts: 323
Off Topic
Opinion:No Opinion
Price:55.00
Increase
13 May '15
No obvious reason for this morning's increase. Somebody may know something I don't.
SageAIM
Posts: 7,732
Off Topic
Opinion:No Opinion
Price:47.00
50p
21 Apr '15
Looks like news is spreading well :)
SageAIM
Posts: 7,732
Off Topic
Opinion:No Opinion
Price:47.00
49p
21 Apr '15
Can THAL break free 50p today? If so, what's the next resistance? 75p?
SageAIM
Posts: 7,732
Off Topic
Opinion:No Opinion
Price:47.00
48p
21 Apr '15
Paid, Looks like interest returning...
SageAIM
Posts: 7,732
Off Topic
Opinion:No Opinion
Price:45.50
strong cash position, US$16.4 Mils
21 Apr '15
As per 18.03.2015 RNS:

strong cash position, US$16.4 million

Mcap £11.5 millions

Hmmm...
SageAIM
Posts: 7,732
Off Topic
Opinion:No Opinion
Price:46.00
Sp ticking up
21 Apr '15
looks like news is spreading atm..
SageAIM
Posts: 7,732
Off Topic
Opinion:No Opinion
Price:46.00
Trade volume
21 Apr '15
3rd highest in the month atm, not bad.





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