Register
Login:
Share:
Email Facebook Twitter

Caps Lock on… DAVID LENIGAS on this week’s Share Views!! Watch here

Share Views Episode 10 - DAVID LENIGAS talks Gatwick Gusher and AAAP


Thalassa (Di) Share Chat (THAL)



Share Price: 35.50Bid: 35.00Ask: 36.00Change: 0.00 (0.00%)No Movement on Thalassa (Di)
Spread: 1.00Spread as %: 2.86%Open: 36.50High: 36.50Low: 35.50Yesterday’s Close: 35.50


Share Discussion for Thalassa (Di)


Thread View

Please login or register to post a message on Share Chat.

Posts per page:


SGD27
Posts: 694
Off Topic
Opinion:No Opinion
Price:36.50
PML Interims
Fri 08:24
PML Interims are out today :

http://investing.thisismoney.co.uk/news/article/id/5424092

"Conclusion

As a mineral exploration company, we are operating in very difficult times. The resource sector is still extremely depressed with new finance for exploration projects in short supply. Nonetheless, we have been successful in raising (subject to shareholder approval being obtained at the General Meeting) additional capital to carry out the limited but important next stage in the delineation of the full potential of the Mt Visi target. We are confident that applying our rigorous exploration methodology has led us to the verge of a discovery and we look forward to better times ahead."

Hope he's right.
 
SGD27
Posts: 694
Off Topic
Opinion:No Opinion
Price:39.50
RE: LSR
12 Sep '16
SGD27
Posts: 694
Off Topic
Opinion:No Opinion
Price:40.00
LSR
12 Sep '16
http://investing.thisismoney.co.uk/news/article/id/5412763

6.225m @ ~33p, now holding 23%.

"Following this further share purchase and the resultant wholesale changes to the shareholder register of LSR, the Board of Thalassa intends to engage with the Chairman of LSR as soon as practicable, with a view to reviewing and changing LSR's investment policy approved in July 2013."

And Interim Results tomorrow.

Fascinating...
jollyspeculator
Posts: 21,448
Off Topic
Opinion:No Opinion
Price:39.50
wgp settlement
9 Sep '16
went to DS, no?

..better to pay special large div
omrshkh
Posts: 5
Observation
Opinion:Buy
Price:39.50
Cheap
9 Sep '16
$20m last reported on the balance sheet. Majority of cash held in dollars so post brexit sterling value of cash has increased. £1.15m spent on buybacks (best way to return money to shareholders and esp when shares undervalued). WGP settlement bought in +$750k. DS has stated in annual report that he is looking to deploy cash into other cheap assets. AoA were amended so DS can do this. As shareholders we should want DS to redeploy the cash. He is by background an activist investor (a mini Carl Icahn). He is IMO a Grahamite. There is no such thing as a bad asset. Only a bad price. Anything becomes interesting at the right price. At current price the c/o is valued at net cash with WGP, stakes in PML and the REIT all thrown in for free. Lovely jubbly.
SGD27
Posts: 694
Off Topic
Opinion:No Opinion
Price:39.50
RE: extraordinary
9 Sep '16
IMO more like a pensioner trying to work out what to do with their savings - nowhere safe that gives any sort of return. So, yes, diversify, why not?

LSR does look pretty safe, with property minus debt giving a NAV well above mcap. And now with a 15% holding, maybe they can lean on the LSR BOD to speed up their declared disposal plans, to release the value.
50glass
Posts: 567
Off Topic
Opinion:No Opinion
Price:39.50
RE: extraordinary
9 Sep '16
Seems that they are like a kid with five pounds in a sweet shop.
threeputt
Posts: 2,238
Off Topic
Opinion:No Opinion
Price:39.50
RE: extraordinary
9 Sep '16
well they did say they were 'diversifying' lol, maybe they really are awash with cash, investments, share buybacks, legal settlements, what next ? maybe a special divi for the suffering shareholders.....
jollyspeculator
Posts: 21,448
Off Topic
Opinion:Strong Sell
Price:39.50
extraordinary
9 Sep '16
behaviour..what next???
SGD27
Posts: 694
Off Topic
Opinion:No Opinion
Price:40.00
RE: Oh No!!
7 Sep '16
OK, in the interests of lively debate, here's why I've invested.

I hadn't come across THAL before, but noticed the RNS and subsequent SP drop on Friday. So I did a quick, and admittedly superficial, analysis. My thoughts were, in no particular order :

1. The PML investment does look like a bargain. On paper the £400k is immediately 'worth' £700k. Yes, yes, I know it doesn't really work like that, but at least the PML SP didn't plummet as might have been expected (in fact there's only been one trade since!)

2. Chairman holding 15% of shares - always a good sign. But not foolproof, as I learned to great cost with Sula :(

3. NAV high relative to mcap - very Grahamite. Whether that's still true - well, we'll know later this month.

4. SP obviously impacted by the low oil price, but that won't last forever. And shares in a gold miner might even act as a bit of a hedge.

5. Results due soon, so if they were really awful, I'd have expected a profit warning before now. So my guess is they'll be OK-ish.

6. Share buybacks rather than dividends make good sense, as they avoid the dividend tax.

So anyway, I'm in for ~£5k.

BTW, Papua New Guinea is thousands of miles from Africa!

GLA




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.