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THAL Thalassa Holdings Limited

24.50
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Thalassa Investors - THAL

Thalassa Investors - THAL

Share Name Share Symbol Market Stock Type
Thalassa Holdings Limited THAL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 24.50 08:00:00
Open Price Low Price High Price Close Price Previous Close
24.50 24.50 24.50 24.50 24.50
more quote information »
Industry Sector
OIL EQUIPMENT SERVICES & DISTRIBUTION

Top Investor Posts

Top Posts
Posted at 26/12/2023 13:36 by kooba
Both are correct..one , the larger figure is the number of shares outstanding .. . The smaller figure is shares in issue..that is the figure to use for market cap , the other issued shares are held by the company in treasury following share buybacks. Number of securities in issue (excluding those held in treasury): 7,945,838Number of securities held in treasury: 12,906,521On Newmark from last report in Sept '2023NWT -https://newmarksecurity.com/• Share price performance of NWT continued to recover slowly through H1 2023. We still believe that, given the age of its chairman and the fact that he has three children, two of whom are not involved in the company, that NWT will, in due course, be sold. We are patient investors and will continue to hold our position.From interimsGROUP RESULTS 1H 2023 versus 1H 2022, unless otherwise stated (Unaudited)• Profit /(loss) after tax for the H1 period under review• Group Earnings Per Share (basic and diluted)*1• Book value per share*2 30 June 2023 vs. 31 December 2022• Holdings* 30 June 2023 vs. 31 December 2022• Cash 30 June 2023 vs. 31 December 2022£0.6m vs. £0.6m* based on weighted average number of shares in issue of 7,945,838 (2022: 7,945,838)* based on actual number of shares in issue as at 30 June 2023 of 7,945,838 (2022: 7,945,838)* includes all holdings ex cashSo according to company net assets per share as at 30th June 121p per share...so if you believe the somewhat opaque assets then the shares trade at an 80% discount to assets.DYOR
Posted at 02/2/2021 08:42 by kooba
Another very interesting transaction in another hot area with clear short term IPO intent. I am rightly or wrongly looking at Thalassa now as a boutique investment bank. They are cherry picking high growth areas , FinTech , Medical ,Ticketing and probably a few other areas where there is bounce back opportunities such as travel and tourism. There are also the spin out vehicles where I believe Thalassa still has warrant interest. Undoubtedly building an interesting portfolio of assets but still looks somewhat random looking at rns's in isolation ,but if one looks at it as an opportunistic fast moving investor adding value to situations then makes more sense.Be good to have clear mission statement from the company so the visibility on how they see the company growing and creating value and perhaps how investments are valued might help . In the meantime trading at a huge discount to book and to me it looks like a question of time before this is discovered..in the meantime picking bits up as and when like yesterday.
Posted at 29/9/2020 13:27 by tiswas
kooba

I think I agree with your summary but the trouble here is that Mr S is far too clever for his own good.

What that means is that retail punters like me are finding it increasingly difficult to establish the true value here and how it will be realised although to be fair I think he considers retail investors a nuisance anyhow.

Although to be fair he does usually respond promptly to my enquiries.
Posted at 21/9/2020 18:12 by energeticbacker
Net asset value per share three times the current share price - another candidate for Investors Champion's Bonkers Bargain series? The maverick Executive Chairman appears to be steering a prudent course over the pandemic.
Posted at 13/3/2019 12:20 by sailing john
LSR - response - an interesting read if you have half an hour to spare!
Posted at 12/3/2019 14:33 by frazboy
"The Board believes that the dual listing will benefit existing shareholders by making the Company's shares more accessible to European investors and thereby improving liquidity. The Board also believes that ensuring the Company's shares are tradeable on an EU regulated market will avoid any impediment to using the Company's shares as consideration for cross-border acquisitions which might otherwise arise as a result of Brexit."

Luxembourg listing... Brexit is the reason, superficially, but, really, is it?
Posted at 04/2/2019 15:02 by hindsight
Preference Shares
The Company issued Preference Shares to its shareholders on the shareholder register as at 30 September 2018 on a one for one
basis. The Preference Shares were issued as a means of defence against an unsolicited bid for the Company. Each Preference Share
has no rights other than 10 votes per share. Each Preference Share does not transfer with any sale of the related Ordinary Share
and therefore as the Company’s Ordinary Shares are traded, a referable number of Preference Shares are cancelled. Any investor
acquiring Ordinary Shares after 30 September 2018 would therefore not enjoy the enhanced voting rights afforded to those
existing Shareholders of the Company who hold Preference Shares. Accordingly, the voting rights in the Company will increasingly
reside with those Shareholders who retain their Ordinary Shares and who therefore also hold Preference Shares
Posted at 21/12/2018 08:26 by ntv
now he wants to move to a main listing so he can in the glory of telling all his wants what a wonderful company owns and runs
HE HAS TOTAL CONTROL THROUGH THE OWNERSHIP OF THE PREFERENCE SHARES AND ANY II INVESTOR WHO INVESTS HERE WANTS SACKING
still i am sure he will set up a charity at some point and buy himself a SIR and some point
they all do
well you know what they say about control freaks......
Posted at 17/9/2018 12:45 by ramridge
The Chairman is both didactic and bombastic in his statement. He gives us a tour of the major economic ups and down from the era of JFK to the 1970's and Nixon's impeachment. I think a lot of commentators would disagree with his bird's eye view.
Never mind that. What is interesting is his comment :
"
Do I think we are headed for the same brick wall? No, it will be a different wall but the result will be the same, if not worse this time. Why? Because this time institutional and retail investors are in love with growth companies with no earnings or an infinite p/e ratio. At least the Nifty Fifty had earnings and at the peak their p/e was a meagre 42x earnings!"


So he thinks that another Armageddon is round the corner. Fair enough. You would then think he will advocate failsafe, solid risk averse investments, even a partial return of cash. Not at all! The kind of investments he has in mind range from risky to very risky!
Posted at 11/5/2018 09:52 by varies
I see more good news here than bad.
The price agreed with Fairfield (FFN) for WGP was US$30 million of which $10m was "contingent on certain customer contracts being entered into within 5 years of completion".
It sounds as if FFN is finding WGP a satisfactory purchase but we cannot, of course, be sure that this condition will be satisfied.
On the other hand we were led to expect that FFN had decided to invest $2m in a 20% stake in Autonomous Robotics whereas it transpires now that this was only an intention which FFN has now given up.
I continue to regard Mr. Soukup as a shrewd investor and would not be surprised to see a sale of ARL to some big underwater operator such as Technip if he cannot arrange a joint venture on attractive terms.

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