Chairman Soukup usual expansive prose commenting on macro economic issues as if he was the Tom Carney. Look there is always uncertainty but surely this company is able to look at leading indicators to give some indication of what progress or otherwise is possible in 2017. Simply saying the economic environment is so uncertain he can.t provide future earning guidance is a load of toss. That said assuming management is actually focused on some proactive targets and has some idea of what business is likely to come in this is a cheap play on the oil price rebounding. Come on Duncan stop pretending yiou are a big fish and knuckle down and grind out some growth. While you deliver these kind of state of the union addresses I worry that you have your head in the cloud! Get a grip of the operational metrics and stop trying to **** in the wind and complaining its a gale blowing out there!
This is mainly due to reserve releases, hedging gains etc, which although one-off in nature reflect well on THAL in terms of their ability to ascertain/manipulate the markets and plan ahead successfully and conservatively.
THAL has around £12.2m of cash and investments against the £13m m/cap, so the business itself is valued at almost nothing.
And a fresh buyback plan will help underpin the share price nicely.
The 2017 outlook of "cautious optimism" is also good to hear
The Board of Thalassa announces that it estimates 2017 operational revenues (currently contracted) will increase by approximately 29% to circa US$15 million compared to estimated 2016 operational revenues of $11.6 million, before taking into account $2.3 million in data sales."
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