gretel
23 Jan 2017
Trading ahead of expectations Great to see THAL trading ahead of expectations:[link] is mainly due to reserve releases, hedging gains etc, which although one-off in nature reflect well on THAL in terms of their ability to ascertain/manipulate the markets and plan ahead successfully and conservatively.THAL has around £12.2m of cash and investments against the £13m m/cap, so the business itself is valued at almost nothing.And a fresh buyback plan will help underpin the share price nicely.The 2017 outlook of "cautious optimism" is also good to hear.
gretel
16 Dec 2016
Very good RNS today This sounds like very good news....and it's "currently contracted", so presumably any future wins will simply add to the increase:[link] Revenue outlook for WGP Group LtdThe Board of Thalassa announces that it estimates 2017 operational revenues (currently contracted) will increase by approximately 29% to circa US$15 million compared to estimated 2016 operational revenues of $11.6 million, before taking into account $2.3 million in data sales."Worth noting that that WH Ireland's most recent forecast for 2017 revenues is $12.5m, so the $17.3m per today's RNS is some 40% above forecasts.
II Editor
15 Dec 2016
NEW ARTICLE: This AIM tiddler could be worth 38% more "LSE:THAL:Thalassa promised this morning a revised trading outlook following a board meeting Thursday. Clearly, a new contract win with American oil giant NYSE:COP:ConocoPhillips, confirmed in a separate statement to the stock exchange seconds ..."[link]
Frankers70
01 Dec 2016
Re: The Local shopping REIT Sometimes things that aren't going well, don't end well. And it takes a brave man to cash a loss, but at least hold some cash in hand for their efforts. To me, this isn't going to end well and at what price do Thalassa hold their hands up and bail. 28.25p and tomorrow is the answer guys if nothing contractually ties you in. The market may actually applaud you for it...Failing that, the oil price is rising again so perhaps we could talk about oil exploration again???
Frankers70
29 Nov 2016
The Local shopping REIT Anybody think Thalassa should cut its ties with LS REIT? The investment opportunity is clearly not what it was and sorting out is in my opinion an unnecessary distraction. Could Thalassa not sell its stake in the company and move on to something else with clearly more potential. If the answer is yes, then let's real this one in Mr S...
Frankers70
19 Sep 2016
Re: Results I always like DS's statements. I can understand why you'd want to diversify out of the oil equipment sector when it's as dire as the story tells. That said, charging into the relatively unknown, and who on the board has in depth experience of either sector where substantial shares purchases have been made, is a dangerous game. It's in a way added risk which the city never likes and it shifts focus away from what the company has now started to make money from. Perhaps that's why the shares are some 15% lower following the interms as there still remain more questions than answers, imho. GLA that are still holding...
nk1999
13 Sep 2016
Results Annoyingly the RNS missing again in iii.co.uk. III please get you act together on these basics!!These can be found at:[link] results don't seem to be bad:"GROUP RESULTS 1H 2016 versus 1H 2015 • Revenue US$5.2m vs. US$9.9m • Gross Profit $US2.9m vs. US$4.2m • Gross Margin 56.7% vs. 42.2% • Operating Profit before depreciation (EBITDA) US$0.5m vs. US$1.5m • Adjusted Group Net Profit *1 US$1.0m vs. US$0.7m • Group Net Profit US$0.8m vs. US$0.4m • Adjusted Group Earnings Per Share (basic and diluted)*1,2 US$0.04 (£0.03) vs. US$0.02 (£0.01) • Group Earnings Per Share (basic and diluted)*2 US$0.03 (£0.02) vs. US$0.02 (£0.01) • Book value per share US$1.17 (£0.77) vs. US$1.61 (£1.02)• Cash US$13.2m vs. 1H15: US$14.4m• Debt US$ nil (1H15: US$ nil)"
nk1999
12 Sep 2016
Re: More shares in reit Why are they buying Local Shopping REIT, Papua Mining Company etc.?Very puzzling.Why don't give dividend to shareholders in case they don't have better use of the cash?nk
decpos2
12 Sep 2016
More shares in reit This is starting to look like a phased takeover of the company, providing thalassa can take alot more shares at the right price!!!!!!
Frankers70
09 Sep 2016
Re: Investment in Papua New Guinea mining co... Or investing in The Local Shopping REIT, Oil services company and whatever else we fancy having a punt at....LSR were trading at 28p yesterday and Thalassa got in at 34p if my Math is correct...can we have a comment on strategy Duncan???
nk1999
02 Sep 2016
Re: Investment in Papua New Guinea mining co... Agree with what you say. However I also note that the investment is at a very good price in comparison to the current market price of Papua.So while puzzling due to unrelated business, I am not too worried?nk
Contrariwise
02 Sep 2016
Investment in Papua New Guinea mining company Please read the attached RNS:[link] a longtime shareholder in Thalassa I am mystified why it is fiddling around investing £400k in a Papua New Guinea gold mine. The company increasingly seems to be a a private club in which the board do whatever they like. The shares are down 6% on the news. The market is probably as puzzled as I am as to how a Papua New Guinea goldmine fits into a small oil services company.
gretel
05 May 2016
RNS : lots of director share buying More director buying from DS just announced - that's £33,000 spent in the last 3 days in 3 separate buys.Hopefully this augurs well for contract news at some point:[link]
nk1999
05 Apr 2016
Results An extract:"• Adjusted Group Earnings Per Share (basic and diluted) US$0.05 per share (£0.04) versus US$0.02 (£0.01) in 2014 (excluding exceptional write downs of US$(0.53) and R&D costs at Autonomous Robotics of US$(0.02)) *• Group Earnings Per Share (basic and diluted) US$(0.50) per share (£(0.35)) versus US$(0.49) (£(0.32)) in 2014 *• Book value per share US$1.12 (£0.79) versus US$1.57 (£1.11) in 2014†• Cash at 31 December 2015 US$20.3m (2014: US$17.7m)• Cash per share US$0.86 (£0.61) versus US$0.71 (£0.50) in 2014†• Debt US$nil (2014: US$nil)"These figures make me feel happier as a holder.nk
II Editor
07 Dec 2015
NEW ARTICLE: The Oil Man: Oil Price, IOG, Thalassa " WTI $39.97 -$1.11, Brent $39.97 -84c, Diff $3.03 +27c, NG $2.19 +1cSo, nothing changes at OPEC, with the Gulf states maintaining their unequivocal stance that persistence with the policy will come right in the end.If they are right, then one ..."[link]
