Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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.
A trading update will be issued next Tuesday morning.
Two separate write-ups in this week's Shares Magazine about OPAY. Both are very favourable, but say that there is risk from the American Wire Act, also OPAY is investing a lot of money and the cost of all this will depress profits. Last year profits soared by 123% (from memory from reading the magazine this afternoon) but next year profits are expected to increase by 17% and perhaps the same amount the following year.
yet the share price goes down. http://www.mideasttime.com/optimal-payments-plc-given-positive-rating-by-edison-group-analysts-opay/112036/ It may be to do with all the uncertainty about whether the American Wire Act is passed and stops online gambling. I expect there will be a compromise of sorts between the two sides. If it isn't passed, the share price will shoot up again.
Wire Act Bill is based on self-interest of the promoter. http://www.pokersites.us/ssigi-fires-back-restoration-americans-wire-act-legislation/
But not a big one. http://www.stockmarketwire.com/article/4761465/Thalassa-Holdings-in-contract-with-SAExploration.html
Four stockbrokers now have buy recommendations on Optimal http://tickerreport.com/banking-finance/130802/optimal-payments-plcs-buy-rating-reaffirmed-at-numis-securities-ltd-opay/
This is dated 14 January 2014, but I don't think it has been on this board. http://tickerreport.com/banking-finance/105538/optimal-payments-plc-given-new-gbx-520-price-target-at-berenberg-bank-opay/?
A very positive write-up about Thalassa in today's Investors Chronicle. It's an entire page of type, too much to put on here.
I don't think this has been shown on this board. http://www.businesswire.com/portal/site/newsnow/index.jsp?ndmViewId=news_view&ndmConfigId=1004993&newsId=20131112006390&newsLang=en
I think @UK is a shorters share. Others which suffer from this are Globo, Quindell, Imagination Technology and a few others. Shorters get together and sell a huge number of shares which they don't own in a company. The share price drops accordingly. This panics the little people, as is the intention, and they sell out and lose money. Then the computer programmes pick up the fall in price and start selling too because stop loss limits have been triggered. Then at the end of the day or after a few days the shorters buy back all the shares they have sold, at a tidy profit, and the share price goes back up again.
Long article in this week's Investors Chronicle. Very bullish. Share price expected to go up to £3.50.
I wonder if it has anything to do with this: http://www.bloomberg.com/news/2013-11-05/open-text-reaches-record-on-1-17-billion-cloud-buy.html
http://www.rttnews.com/2203146/uk-plc-names-dale-stephens-as-ceo-asia-pacific.aspx
http://www.misco.co.uk/blog/news/01358/uk-plc-continues-healthy-adoption-of-cloud-computing
It may perhaps be something to do with this - it seems the company bought was bust and valuable and bought for a song. http://www.oilvoice.com/n/Thalassa_Holdings_Limited_announces_proposed_acquisition_of_the_GO_Science_Business/604167cd1d27.aspx
I can't find anything about the reason why the share price went up today. At almost the same moment that the rise started, the news was released that the chairman had given away 500,000 shares, but this shouldn't affect the share price - unless the reason behind the gift had something to do with it. Also two days ago the company said it proposes to buy another company, but that as mentioned was two days ago. http://www.4-traders.com/THALASSA-HOLDINGS-LIMITED-4008676/news/Thalassa-Holdings-Limited--Proposed-Acquisition-of-the-GO-Science-Business-17287837/