Thalassa Holdings Ltd. (DI) (THAL)

Sector:

IT Services

 22.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 27.25
  • 52 Week Low: 22.00
  • Currency: UK Pounds
  • Shares Issued: 16.66m
  • Volume: 0
  • Market Cap: £3.75m
  • RiskGrade: 116

Thalassa receives second earn-out balance from Fairfield Geotechnologies

By Josh White

Date: Monday 19 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Thalassa Holdings announced on Monday that, following its announcement on 23 October, it has received the second balance of $0.6m of the earn out from Fairfield Geotechnologies.
The AIM-traded company said it had now received a total of $1.2m, being the contracted 20% of the $6m earn out.

It said the final balance of $4.8m was payable by 11 September next year.

Given that the equipment that WGP Group was currently manufacturing for its client was targeted for use on a second contract over a new field, the board said it was now confident that the company would "in due course" receive a further earn-out payment amounting to an additional $4m.

"I am happy to report that the receipt of the second payment of $0.6m triggers the final payment of $4.8m due 11 September 2019, which the company will now recognise as a receivable," said Thalassa Holdings chairman Duncan Soukup.

"As a result, the company's book value of around $29m, as at 30 June, will increase by $6m to around $35m.

"The company's cash balance as of today is little changed from the $18.5m announced 23 October."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

THAL Market Data

Currency UK Pounds
Share Price 22.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 27.25
52 Week Low 22.00
Volume 0
Shares Issued 16.66m
Market Cap £3.75m
RiskGrade 116

THAL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
54.12% above the market average54.12% above the market average54.12% above the market average54.12% above the market average54.12% above the market average
70.00% above the sector average70.00% above the sector average70.00% above the sector average70.00% above the sector average70.00% above the sector average
Price Trend
49.09% below the market average49.09% below the market average49.09% below the market average49.09% below the market average49.09% below the market average
19.05% below the sector average19.05% below the sector average19.05% below the sector average19.05% below the sector average19.05% below the sector average
Income Not Available
Growth
43.69% below the market average43.69% below the market average43.69% below the market average43.69% below the market average43.69% below the market average
48.72% below the sector average48.72% below the sector average48.72% below the sector average48.72% below the sector average48.72% below the sector average

THAL Dividends

No dividends found

Trades for --2025

Time Volume / Share Price
0 @ 0.000p

Top of Page