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Share Views: Mike van Dulken on today's Company Results and Macro considerations

Thalassa (Di) Share Chat (THAL)

Share Price: 66.00Bid: 65.00Ask: 67.00Change: 1.00 (+1.54%)Riser - Thalassa (Di)
Spread: 2.00Spread as %: 3.08%Open: 65.00High: 66.00Low: 65.00Yesterday’s Close: 65.00

Share Discussion for Thalassa (Di)

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Posts: 1,136
Off Topic
Opinion:No Opinion
Proactive / Malcy
13 Jul '17


You get it straight from Duncan Soukup and today’s release is no different, the offer from a third party for WGP was just ‘not of sufficient value’ and so they have terminated discussions. In what seems to have been a bit of a waste of time, the bidder clearly showed more petticoat and no knickers in coming back with a less than tantalising offer and was swiftly despatched by DS. Saying that the current share price, with its lack of liquidity has a gap between it and the board’s assessment of its intrinsic value he has doubled the share buy back to £4m.
Posts: 1,291
Off Topic
Opinion:No Opinion
re THE BOD..are they trustworthy?
20 Apr '17
Can they be trusted to do what's best for shareholders.

Are the BOD doing what personally rewards them best?
The one or possibly 2 subsidiaries disposals, are they loss making
or profit making?
Posts: 55
Off Topic
Opinion:No Opinion
rns - potential disposals
19 Apr '17
Thalassa Holding Ltd in on-going disposal discussions

The board of directors (the "Board") of THAL wishes to update the Company's shareholders on the status of strategies being considered by the Board in order to bridge the gap between THAL's current share price and the Board's assessment of the intrinsic value of the Company's assets.

The Board wishes to advise shareholders that it is in discussions with an interested party in relation to the potential disposal and/or partial disposal of one or both of the Company's wholly owned subsidiaries, WGP Group Ltd and Autonomous Robotics Limited. The Board would like to make it clear that these discussions are at a preliminary stage and may or may not lead to binding agreement(s) being entered into.

Given the nature of the discussions, the Board has taken the decision to suspend the share buy-back programme authorised by the Board on 20 January 2017.
Posts: 4,076
Off Topic
Opinion:No Opinion
RE: Investment bank
12 Apr '17
But if this comes off
having achieved initial proof of concept, it is now time to scale up the business and accelerate development with the clear objective of achieving commercialisation within the next 3 years. To this end we have commenced a process to identify and hire a full time CEO who, with Dave's continued guidance, will lead the Company through a significant capital raise and the next phase of accelerated development."
Posts: 404
Off Topic
Opinion:No Opinion
Investment bank
12 Apr '17
Welcome to an oil tech now turned investor that has not got much of a clue. Both investment s sucked out net cash and are looking like duds. Meanwhile Soukup keeps soap boxing about macro economics. Sold these last year for nice profit would go near them now.
Posts: 404
Off Topic
Opinion:No Opinion
RE: Trading Update
4 Apr '17
Very well said Maxiamus, Soukup rants and raves about totally not relevance's to running the company and he has now turned into a stock picker, the stocks don't look at all good [risky miners] unless he has some really good inside information. Are we investing in an oil hardware company or an investment bank - The 2 don't mix {Oil & water}. It's all rather alarming to me. This SP is now extremely undervalued or extremely overvalued...What a conundrum
Posts: 3,941
Opinion:Strong Buy
Excellent 2017 trading update today
14 Mar '17
Worth remembering that the m/cap is still only £14m, with an almost $8m cash pile plus the LSR and Papua investments:


"The Board of Thalassa is pleased to announce that advanced preparation of mobilisation for WGP's 2017 Spring North Sea projects is now well underway with operations anticipated to commence during April, as scheduled.

Further to last December's revenue outlook for 2017, the Board anticipates that WGP revenue from seismic operations will be between $15 and $16 million, up between 30% and 40% as compared to corresponding estimated revenue of $11.6 million for 2016. These estimates are provided assuming no cancellations or significant adverse weather conditions.

The Board confirms that the full year results to 31 December 2016 will be released during week commencing 10 April 2017."
Posts: 687
Off Topic
Opinion:No Opinion
RE: well
3 Mar '17
Congratulations on your success.
Posts: 6,449
Off Topic
Opinion:No Opinion
23 Feb '17
Why doesnt Souky do everybody a favour and finish the job off at LSR Already owns 23% Something around 36/8p a share would get him through the door LSR are undertaking no asset maangement looking at the state of theh leases on some of the dross whittling hrough regional auctions and are probably getting within a sea view of book Its a real lame duck

What is he waiting for surely u he is cpable of back to backing some of the properties if he us under a financial squeeze
Looks like he came a very distant second in the deal with Grahame Whateley
Posts: 11
Trading Update
24 Jan '17
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!

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