pally66
27 Oct 2015
crash 2014 Hithalassa mentioned in GCI as buy.Why did this stock crash in 2014 anybody. Thanks for any infoPally
Rusty Jock
22 Sep 2015
Could Be Worse Todays interims were a bit better than I was expecting .They make a big point about having cash on the balance sheet of $ 17m and nil debt . My rough calculation is that they have about 44p per share in cash , and the share price is about 44 / 45p !!Although the oil industry is bleak and will be for some time , this share is all about staying cash positive and not burning up the cash reserves .
Frankers70
11 Jun 2015
Re: Director buying And has already been rewarded on today's close. I like a director putting his money where his mouth is so well done Duncan!I'm averaging 115p but the future looks a little more promising and the share price some upward momentum. I may buy a few more, average down a little and see if we get to WH Ireland's 110p target at some point soon. As ever, GLA...
nk1999
11 Jun 2015
Director buying 50k shares at 58p yesterday.Shows a bit of confidence.nk
gretel
10 Jun 2015
WH Ireland increase target to 110p I bought back in with some this morning after today's results.. 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."
tikky
23 May 2015
looking good after falls some positive uptrend/ i am still loosing good chart 75-80 initial resistance
Frankers70
14 Feb 2015
Re: Share Buyback Does that mean the company has spare cash to burn and rather than invest in any further projects at this stage due to oil price drop, they are buying back shares instead? This clearly has helped the share price on Friday but like you say perhaps the market would like to see the management backing the company too. It may make me feel slightly better about the 60% paper loss I'm currently sitting on...
nk1999
13 Feb 2015
Share Buyback RNS today:"The board announces that on 12 February 2015 the Company purchased 200,000 of its shares at a price of 39 pence per share. These shares will be held in treasury and in total there are now 200,000 shares in treasury. This purchase was made in accordance with the Company's Articles of Association and with a board authority to buy back up to £1,000,000 of the Company's shares."So they can buy upto around 2.5m shares. This will help support SP.Board seems to think that shares are undervalued. It will be nice to see them spend some of their own money and buy some as well.nk
