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ThalassaHldgsLtdOrd USD0.01 DI (THAL)

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26-Jun-2020 08:56 AM

Thalassa books annual loss; says has cash to weather Covid-19 crisis

Investment group Thalassa reported a full-year loss but said it had a enough cash to ride out the Covid-19 crisis. Pre-tax losses for the year through December amounted to $3.8m, compared to losses of $6.5m on-year. 'In the board's opinion, a
02-Mar-2020 08:11 AM

Thalassa says 'well positioned' heading into market ructions

Investment company Thalassa said it was well positioned heading into a currently period of market volatility sparked by the coronavirus outbreak. In a trading update of its performance for the year through December, the company said it had net cash balan
28-Aug-2019 09:37 AM

Thalassa swings to loss as value of investments falls

Investment company Thalassa Holdings swung to a first-half loss after the value of its holdings fell. Net losses for the six months through June amounted to $2.3m, compared to losses of $4.4m on-year. 'Based on our relatively negative view on the o
17-Sep-2018 10:00 AM

Thalassa profit rises after gain on WPG sale

Geophysical services company Thalassa booked a large rise in first-half profit after it sold its WPG business for a $7.4m gain. Net profit for the six months through June was $4.4m, compared to a profit of $842k on-year. 'The Board of Thalassa wit
19-Jul-2018 09:05 AM

Thalassa buys back 35,000 of its own shares at 90p/share

Thalassa has bought back 35,000 of its shares at a price of 90p per share in line with the board's authority from 12 July to buy back up to £4m of the firm's shares. The shares would be held in treasury and in total there were now 6,682,
19-Dec-2017 01:11 PM

Thalassa shareholders approve resolution at GM

Thalassa has confirmed that the resolution to approve the sale of the assets of WGP Group and the proposed investment in Autonomous Robotics was passed by shareholders at today's General Meeting. At 1:11pm: (LON:THAL) Thalassa Holdings Ltd share
24-Oct-2017 01:46 PM

Thalassa buys back shares

Thalassa Holdings has confirmed that, on 23 October, the Company purchased 50,000 of its own ordinary shares at 88p apiece. At 1:46pm: (LON:THAL) Thalassa Holdings Ltd share price was 0p at 89p Story provided by
15-Aug-2017 08:08 AM

Thalassa agrees WGP sale and ARL investment terms

Surveying services company Thalassa has agreed preliminary terms and executed letters of intent for the sale of its subsidiary WGP Group and an investment in Autonomous Robotics Ltd (ARL). WGP is being acquired by a third party for $30 million (before ex
11-May-2017 01:08 PM

All resolutions passed at AGM of Thalassa

Thalassa has confirmed that, at the Company's Annual General Meeting held today, all resolutions were duly passed. At 1:08pm: (LON:THAL) Thalassa Holdings Ltd share price was 0p at 70.5p Story provided by
19-Apr-2017 01:32 PM

Thalassa in discussions over potential disposals

Thalassa Holdings has confirmed that it is in discussions with an interested party in relation to the potential disposal and/or partial disposal of one or both of the Company's wholly owned subsidiaries, WGP Group and Autonomous Robotics. The Compan
12-Apr-2017 09:22 AM

Thalassa swings to FY pretax profit, updates on ARL

Thalassa Holdings has swung to a FY pretax profit of $2.5m, from a loss of $11.8m, despite a fall in revenue. "On 23 January 2017 we issued a trading update in which we stated, "The Board's current view for 2017 is one of cautious (but un
21-Nov-2016 07:29 AM

Thalassa issues trading update for WGP Group

Thalassa has issued a trading update for subsidiary WGP Group (WGPG) following successful completion of the autumn Permanent Reservoir Monitoring programmes in the North Sea. "Notwithstanding the continued 'difficult' trading conditions in
10-Oct-2016 07:38 AM

Thalassa updates on multi client data sales

Thalassa said WGP Survey Ltd, a wholly owned subsidiary of WGP Group Ltd (WGP), has made further sales of the multi client data acquired with TGS-NOPEC Geophysical Company ASA in 2014. These sales will generate approximately USD$2 million in additional
13-May-2016 11:46 AM

All resolutions passed at Thalassa's AGM

Thalassa Holdings has confirmed that, at the Company's Annual General Meeting held today, all resolutions were duly passed. At 11:46am: (LON:THAL) Thalassa Holdings Ltd share price was +1p at 48.5p Story provided by
13-May-2016 11:37 AM

Thalassa in share buyback

Thalassa Holdings has announced that, on 12 May 2016, the Company purchased 50,000 of its own shares at an average price of 47.3 pence per share to be held in treasury. At 11:37am: (LON:THAL) Thalassa Holdings Ltd share price was +1p at 48.5p Story
10-Jun-2015 07:27 AM

Thalassa's loss

Thalassa has swung to a FY pretax loss of $12.23m, from a prior-year profit of $4.96m. Revenue was $15.52m, from $30.55m. The results included $11.71m of total non-recurring costs, against nil in the comparative period. Chairman C. Duncan Soukup describe
21-Apr-2015 12:25 PM

WGP Group agrees TGS contract

Thalassa Holdings has announced that its subsidiary, WGP Group, has entered into a contract to provide seismic services to TGS-NOPEC Geophysical Company ASA, a provider of multi-client geoscience data products to the Oil and Gas Industry listed on the Osl
18-Mar-2015 07:55 AM

Thalassa sees FY pretax profit of $1m

Thalassa anticipates that, based on its current book of contracted business, it will break even in the FY and that, following conversion of some opportunities into contracted orders, will meet market expectations of pretax profit of $1m on revenue of $18m
25-Nov-2014 07:28 AM

Thalassa warns on FY

Thalassa said it is unlikely to meet current market expectations for this financial year. It believed that none of the current significant backlog of contracts, other than potential multi-client data sales, will be converted in the current financial year.
22-Oct-2014 02:02 PM

Thalassa issues statement over UK relocation

Thalassa has issued a statement following inaccurate press coverage over a lease entered into with Eastleigh Court Limited for 10,000 sq ft of office space at Eastleigh Court on 3 October. Thalassa, an international holding company with interests in mar
16-Sep-2014 09:00 AM

Thalassa profit

Thalassa's (THAL) H1 pretax profit eased to $0.9m, from $1.4m a year ago. Revenue eased. Its pipeline of order-enquiry and tenders submitted rose to $175m, an increase of 23% from Dec. 31, 2013. Several of these tenders expected to impact H2. Outloo
11-Jul-2014 07:41 AM

Thalassa confident of 'satisfactory' FY performance

Thalassa Holdings said it has experienced good trading in the year to date and continues to experience healthy levels of order enquiry. Accordingly the Board remains confident that Thalassa will deliver another satisfactory performance for the year to Dec
30-Jun-2014 07:16 AM

Thalassa says David Grant appointed CEO of GO Science 2013

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16-Jun-2014 07:52 AM

Thalassa gives Statoil contract update

Thalassa said WGP Group has completed mobilisation for the first 2014 permanent reservoir monitoring (PRM) survey over the Snorre field in the North Sea. The first good shot point has been achieved and production is underway. Statoil's D-PMSSTM unit
01-Apr-2014 07:50 AM

Thalassa says WGP receives North Sea survey order

Thalassa said WGP Group has received a service order to perform a survey in the North Sea. One of the Group's PMSSTM units will be mobilised on an operated field platform survey vessel that will be converted into a seismic source vessel for the durat
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