Make your money go further for just 25p per day

Thalassa Holdings - broker upgrades

18/06/2012 · Thalassa Holdings Ltd (THAL) 

House broker to Thalassa Holdings has issued an update lifting their current year earnings estimates to 12.1c (c8p) and target price to 86p. The revised estimates follow THAL’s recent trading update which confirmed contracted revenue of US$15m for the current financial year.

Revised earnings estimates prudently allow for an increase in the cost of sales as a percentage of revenue to 63% (from 50%) due to the likelihood of lower margin contracts using new technology. They also assume an increase in administration expenses and tax rate.

Revised estimates look easily achievable to us, although the execution risk for a small business remains.

Despite the recent boost to the share price, the shares still only trade broadly on…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Thalassa Holdings Ltd

Coronavirus impact: 21 Sept - mixed bag of results to start the week

21/09/2020 · Company Insights

Full year results from a provider of software solutions to the US healthcare sector were the…


Coronavirus impact: 26 June - pounds for pennies on offer here

26/06/2020 · Company Insights

The stock market often throws up some bizarre opportunities, none more so than this unloved quasi…


More Company Insights

Bonkers Bargains: another upgrade and still a bargain

12/11/2024 · Time Finance

AIM new arrivals and departures October 2024

08/11/2024 · GenIP · Pulsar Helium

Sign-up to our free email updates

SIGN UP