Less Ads, More Data, More Tools Register for FREE

Pin to quick picksThalassa (di) Share News (THAL)

Share Price Information for Thalassa (di) (THAL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 26.00
Bid: 25.00
Ask: 27.00
Change: 0.00 (0.00%)
Spread: 2.00 (8.00%)
Open: 26.00
High: 26.00
Low: 26.00
Prev. Close: 26.00
THAL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Thalassa warns on possible seismic losses due to contract delays

Tue, 25th Nov 2014 14:43

Shares in Thalassa Holdings plunged after the seismic exploration services company revealed it was not likely to meet market expectations for the full year.The AIM-listed company, whose two subsidiaries operate in the energy services industry, has been affected by a decline in oil prices and economic uncertainty due to ongoing budget reviews in the energy sector.A number of contracts it had expected to fall before the end of the year have not materialised, which mean revenues will be "materially" below market expectations and that the company "may make a loss for the year".The company has been working on a "very significant" contract in the Russian Arctic, but this is now pending approval from the US and UK authorities to finalise the deal.Thalassa said in a statement: "The outlook for 2015 remains uncertain, due to both economic sanctions and export restrictions against Russia and continued pressure on the price of oil."Neverthless, the group said it remains with a strong balance sheet with current net free cash of $15m.WH Ireland analysts kept their 'buy' recommendation and gave a 118p target price."Whilst the shares will move lower on the back of today's update and the market backdrop remains particularly challenging, we believe that the group will prove to be one of the emerging winners given the group's technology and position of competitors," the broker said.Shares were down 26.67% to 54.27p at 15:32 on Tuesday.
More News
10 Oct 2016 11:48

Thalassa acquires Papua shares while subsidiary sells more data

(ShareCast News) - Thalassa announced on Monday that WGP Survey, a wholly owned subsidiary of Thalassa's own subsidiary WGP Group, has made further sales of the multi client data acquired with TGS-NOPEC Geophysical Company ASA in 2014. The AIM-traded firm said these sales will generate approximately

Read more
13 Sep 2016 10:43

Thalassa revenue almost halves in first half

(ShareCast News) - Thalassa Holdings announced its financial results for the six months to 30 June on Tuesday, with revenue falling to $5.2m against $9.9m for the same period last year. The AIM-traded company's gross profit was $2.9m, down from $4.2m, although its gross margin rose to 56.7% against

Read more
12 Sep 2016 08:03

Thalassa Ups Local Shopping Stake, Wants Investment Policy Review (ALLISS)

Read more
9 Sep 2016 10:19

Thalassa ups stake in Local Shopping REIT

(ShareCast News) - AIM-listed Thalassa Holdings has acquired a bigger stake in The Local Shopping REIT (LSR). The company said it acquired just over 10.4m shares in LSR on Thursday, bringing its total holding to just under 12.9m shares or a 15.6% interest. Founded in 2005 with the objective of buil

Read more
12 Aug 2016 10:16

Thalassa reaches end of claim against Sevmorgeo

(ShareCast News) - Thalassa Holdings updated the market on an ongoing claim against Sevmorgeo on Friday, with a conclusion in sight. In its financial statements for the year to 31 December 2015 released on 5 April 2016, the AIM-traded firm had referred to the outstanding trade receivable owed by joi

Read more
6 May 2016 14:59

AGM, EGM Calendar - Week Ahead

Read more
5 May 2016 10:39

DIRECTOR DEALINGS: Thalassa Holdings Chairman Buys Shares

Read more
3 May 2016 10:25

DIRECTOR DEALINGS: Thalassa Holdings Chairman Buys Shares

Read more
5 Apr 2016 08:59

Thalassa Loss Narrows As Revenue Growth Offsets Writedowns

Read more
25 Jan 2016 09:50

DIRECTOR DEALINGS: Thalassa Holdings Non-Executive Buys First Shares

Read more
20 Jan 2016 09:44

Thalassa Looks Past "Bleak Short-Term Outlook" To Acquisitions

Read more
7 Dec 2015 08:58

Thalassa expects up to $10m in revenue in seismic service deals

(ShareCast News) - Thalassa Holdings said it expects to generate between $7.5m (£4.9m) and $10m (£6.6m) from its group's two seismic services agreements. The AIM-listed company announced on Monday a new deal to provide long term seismic acquisition services to ConocoPhillips Skandinavia thought its

Read more
7 Dec 2015 08:52

Thalassa Holdings Wins Seismic Contract With ConocoPhilips

Read more
20 Oct 2015 12:56

Thalassa's Autonomous Robotics developing new flying node system

(ShareCast News) - Thalassa Holdings said its Autonomous Robotics arm is developing a flying node system which operates as a swarm of autonomous underwater vehicles for recording ocean bottom seismic data. The energy services company said: "This technology has the potential to hugely disrupt the off

Read more
20 Oct 2015 07:43

Thalassa's Autonomous Robotics Plans New Ocean Bottom Seismic System

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.