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Today's intermin report includes a frank view which, irrespective of the validity of its contents, is refreshingly different to the statements I've read over many years from many other chairman. Only possible on AIM I assume.
states the interims will be on Tue 22Sep 2015.
and a nice £29K director buy
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."
Recovery continues!!
No obvious reason for this morning's increase. Somebody may know something I don't.
Looks like news is spreading well :)
Can THAL break free 50p today? If so, what's the next resistance? 75p?
Paid, Looks like interest returning...
As per 18.03.2015 RNS: strong cash position, US$16.4 million Mcap £11.5 millions Hmmm...
looks like news is spreading atm..
3rd highest in the month atm, not bad.
That's a steep fall to current level but mcap is only around £11 millions, with share capital 24.67 millions atm...
"Jason F. ‏@Greenroom78 24m24 minutes ago #THAL being profitable for the year means you have a business making a profit valued around free cash. Looks cheap to me (I hold though)."
"confident that this contract will make a meaningful contribution to Thalassa's top and bottom line growth and should, with our other contracted orders, result in positive underlying profit for the year 2015"
"New seismic services contract The Board is pleased to announce that the Company's subsidiary, WGP Group Ltd ("WGP"), entered into a contract to provide seismic services to TGS-NOPEC Geophysical Company ASA ("TGS"), a provider of multi-client geoscience data products to the Oil and Gas Industry listed on the Oslo Stock Exchange (TGS.OL). WGP will be acquiring High Resolution 3D (HR3D) data sets in the South East Barents Sea region utilising a 3D P-CableTM system for the project, which is expected to mobilise this month and last up to a maximum of five months. The contract is for an initial three month fixed term. Thalassa's Chairman, Duncan Soukup commented: "We are delighted to be working with TGS again, following last year's successful Multi-Client project, and are confident that this contract will make a meaningful contribution to Thalassa's top and bottom line growth and should, with our other contracted orders, result in positive underlying profit for the year 2015". WGP's CEO, Mark Burnett commented: "It is especially satisfying to receive this follow-on data acquisition contract from TGS. The Company's commitment to the high value added P-Cable system is now bearing fruit and gives us the opportunity for growth in a particularly challenging industry environment." Notes to Editor: Thalassa Holdings Ltd, incorporated and registered in the BVI and quoted on AIM, is a holding company with subsidiaries in the Energy Services and Defence and Homeland Security Industries, with a focus on marine seismic operations."
out..
imv
Running - gap close at 70
Is not the rise purely due to the rns share buy back announcement and once completed we will see a slow steady retreat. might be worth selling then re buying in another 4 to 6 months. Just a thought.
no good news? I don't like the invovement of Henderson here at all. I fear manipulation. Is there any prospect of a sustainable rise here. I would have thought the prospects were deteriorating by the day with the Russian shenanigans. Any comments anybody please?
and no wonder
just bought back into gtc (?double bottom) ...tpl (unwater...not a recommendation), frr (free carry and upside scary lol), pvr (same as tpl), rpt (as crazy as it gets), rxp (free carry)
burn may be frightening
Mcap 10 << cash 15 and no debts