The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I did the same thing with Argentina & MOS. I knew MOS's main market was Argentina but was oblivious to the macroeconomic woes there until it was too late. So I know how it feels ... at least you were on free carry!
I would buy if I were in a mood to buy ...bit like scubaz, I am hoarding cash ...I have been too early warning about a crash...but my time may come ...soon
yes...one that looked/s so good...BUT
will likely end up highest since sun lit days of summer 13 ...the tussle @ 130 cont
holding for now...with some moderately chunky buying ...LT good; ST awful ...will iis look through to LT?
probably awful?
"The Company is pleased to announce its financial results for the 6 months ended 30 June 2014." Appears that 'pleased' has a new definition.
anyone have a clue now "some US$10m of budgeted Russian revenue in 2H 2014 is unlikely to materialise in this period"
I got this wrong...largely cos I hadn't done basic DD enough to see how dependent on Russia Thal is/was ...sold half my free carry today ...and lucky I hadn't bought big...waiting for the wrong reason (HGI selling)
Shares in Thalassa Holdings Ltd, a provider of marine surveying services for the oil and gas industry, dropped sharply Tuesday after it warned that its full-year results will be hit by U.S. and European Union sanctions on Russia which have made it tougher to convert sales. Thalassa said pretax profit dropped to $897,913 from $1.39 million in the six months to June 30 as revenue declined to $9.26 million from $11.6 million. $10 million of revenue budgeted from Russia for the second half is unlikely to materialize in the period, it added. In addition, Thalassa said it won't know whether a project in Ecuador will resume in 2014, or if work in the Arctic will resume in 2015, until it has met new management at Joint Stock Company Sevmorgeo, or SMG, whose Russian state-owned parent has recently appointed a new Chief Executive. Thalassa also referred to SMG's responsibility to pack up and send home equipment owned by Thalassa which is currently in storage in Ecuador. "In a worst case scenario we may not recover the outstanding trade receivable or the repatriation costs which ... amount to approximately $4.1 million," it said. At 0714 GMT, shares were down 52 pence or 29% at 129 pence.
that is surely serious? ...I am not putting a weak sell cos of LT potential ...but the st uncertainty warrants huge caution imv
i'm in for their seismic ops which is showing improved profitability and in all likelihood will continue to do so. Order enquiries are up 23% from a year ago. Cash in bank US$21.2m (1H 2013: US$16.8m) Some not so good points re the uncertainty of the Russian contract but i believe this may already be priced in. We shall see. GLA
Some good, some bad. Good - existing work going well, repeat business, increased pricing, investment in infrastructure. Bad - 10m h2 revenue not going to hit, Ecuador, bad debt. So - am expecting this to take a bit of a pounding
What do people think about the results?
A trading update will be issued next Tuesday morning.
...
Took advantage of this drop. So much M & A around so this one looks very attractive imo.
well this should provide an opportunity for II who still want to sell down I guess. News should be coming in the next few weeks so maybe a slide before then might open up an opportunity
for top up lol... ...as IC says, cheap..so just may not get down there
aha. interesting, thanks. might sit on the sidelines a little longer then before I consider topping up.
Full page article. IC View: Thalassa is thriving in its highly profitable niche, despite the flagging share price suggesting otherwise. The company has a strong balance sheet, a solid order pipeline and a highly in-demand product. A single-digit forward PE multiple, net of cash, is simply too cheap. Buy.
That the bottom has been reached?
Apparently they expect EPS to fall in the 2014 FY. Really?! http://www.digitallook.com/cgi-bin/dlmedia/security.cgi?username=&ac=&csi=1843057
Agreed. Just highlighting the revenue reliance issue. Difficult to second guess given relatively limited info from the company. Still waiting to see the results, might give hgi a chance to sell down further so will be watching closely