Thalassa Share Discussion Threads

[varies] 18/9/2019 19:58

hindsight Thanks. I have indeed done better by selling my Thal shares and putting the money into LSR and I am glad to have received the proceeds. I doubt if I will invest in Thal again.

[hindsight] 18/9/2019 14:32

Imagine you are on top now Varies, it was only a matter of when, not if Hindsight How right you are. I have sold most of my shares recently at about 80p. I bought LSR shares with part of the proceeds as a form of "arbitrage" and am now showing a 5% loss on these. So I don't feel that I have been very clever. For THAL shareholders (except perhaps Mr S) and for LSR shareholders it would have made sense for THAL to accept the LSR cash offered and move on. As it is, both companies are wasting money on lawyers and it is difficult to see a happy outcome.

[gfrae] 12/9/2019 07:26

Apologies, varies, I wasn't meaning you specifically,and I agree with you above.

[varies] 11/9/2019 16:29

gfrae I am sorry if you regard my modest intervention as attempting to talk the price down. If only Mr Soukup could be relied upon desist from corporate actions for a few months, we might well see the share price recover.

[gfrae] 10/9/2019 20:16

At least with this share you may be a winner even if it goes down. If the price falls NAV will increase as shares are bought in. So you may talk it down as much as you wish so far as I am concerned !

[varies] 10/9/2019 16:10

The extraordinary behaviour of Mr Soukup warrants a big discount from NAV. I still cannot understand why he wasted so much time and money on LSR. Does he now propose to run a property company ? Nor did I care for the issue of preference shares now cancelled; lawyers and accountants employed on these silly games are not cheap. I must admit, all the same, that his gloomy outlook on world stock markets is rather persuasive even if it provides little reason for buying THAL shares.

[rndm355] 10/9/2019 15:11

Sleepy knows of what he speaks.

[sleepy] 10/9/2019 14:22

gfrae - perhaps there is a good reason for the valuation

[gfrae] 10/9/2019 13:29

These shares are currently valued at only the same as their cash in the bank, which is only half of their NAV, with perhaps another 20p due from GWP in the near future.

[hindsight] 28/8/2019 08:28

Exceptional administration costs were $0.6m (1H18: nil) and were all in connection with the Lapsed Offer to acquire The Local Shopping REIT plc. Ego costs part one, part two will be in next accounts

[ntv] 28/8/2019 07:38

HHmm interesting LSR valued at 21.5p per share in the accounts Tax avoidance at it's very best

[tanneg] 19/6/2019 15:29

Nice to get some good news for a change. https://www.investegate.co.uk/thalassa-holdings--thal-/rns/arl-announces-successful-proof-of-concept-of-nodes/201906191350047908C/

[varies] 17/6/2019 09:38

Hindsight How right you are. I have sold most of my shares recently at about 80p. I bought LSR shares with part of the proceeds as a form of "arbitrage" and am now showing a 5% loss on these. So I don't feel that I have been very clever. For THAL shareholders (except perhaps Mr S) and for LSR shareholders it would have made sense for THAL to accept the LSR cash offered and move on. As it is, both companies are wasting money on lawyers and it is difficult to see a happy outcome.

[hindsight] 17/6/2019 09:16

Suggest shareholders of Thal ask the company how much this crusade with LSR has cost so far. The cost being two fold, firstly thier own costs and secondly the lose on the LSR holding value

[ntv] 10/5/2019 08:16

LOL cancelled all the preference shares I wonder if we will reissue them when he sees it fit to run off with the cash The good thing about the internet is it is not like books, it remembers what people do He forced minor shareholder to sell their shares in THAL because their shares were effectively worthless following the issue of the preference shares then he started buying up the cheap shares and now he has cancelled the prefs A nice honest days works well done to THAL I HOPE AMERICAN AND HIS LAWYER NOW SUES THEM HOW THE LSE ALLOWED THIS BUNCH ON THE MAIN MARKET IS AN ABSOLUTE DISGRACE

[hindsight] 02/5/2019 14:48

Not sure what information they are dreaming about, but they got all mine as sent me loads of junk paperwork, email and a phone call. Dread to think at what cost to Thal shareholders but we know what its cost us Lsr holders (which is also loss on top of a loss for thal shareholders)

[rndm355] 02/5/2019 12:22

Some thoughts on latest developments. Thalassa threatens LSR officers with possible imprisonment: hTTps://cube.investments/thalassa-chairman-threatens-lsr-officers-with-possible-imprisonment-thal/

[topvest] 31/3/2019 19:37

Page 41 - about £0.5m on the offer and about £0.5m on legal advice. Ouch!

[topvest] 31/3/2019 19:33

Interesting indeed. A very well put together document. Unfortunately, the defence and legal process on this and the court plan is likely to be costing quite a material sum and so shareholders appear to be in a lose/lose more situation. I do hope that Soukup gets defeated as he is a very untrustworthy individual. I reluctantly sold at about 30p less commission. Should have sold LSR much earlier. What an awful, albeit thankfully small, investment it was!

[ntv] 28/3/2019 07:40

He has jacked by the THAL share price by restarting the buy back but if he stops the buy back at any point the THAL share price will drop like a stone He will probably do that to get at LSR's cash Maybe another preference share issue or some other devious plan to get at your money YOU HAVE BEEN WARNED

[sailing john] 13/3/2019 12:20

LSR - response - an interesting read if you have half an hour to spare! hTTp://www.localshoppingreit.co.uk/investor-relations/offer-for-the-company-by-thalassa-holdings-ltd/thalassa-holdings/lsr-response-circular-12032019-including-notice-of-general-meeting

[frazboy] 12/3/2019 14:33

"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?

[varies] 06/3/2019 16:00

SteMis Thanks. I am glad we agree. gfrae. It is indeed possible that LSR shareholders will be stuck with their shares if the offer is rejected and Mr Soukup continues to be obstructive but I cannot see why he would want THAL to be locked in alongside everyone else. He would surely want THAL to take its share of the LSR cash and move on. I only wish he had accepted this sensible solution in the first place. There is always a risk in an arbitrage, usually of one party failing to fulfil his side of a deal, but I prefer LSR shares to THAL shares at current prices.

[gfrae] 06/3/2019 15:35

If the bid is not accepted then you could be stuck with LSR shares trading at 27p or less whilst Thal shares might rise,possibly considerably.

[stemis] 06/3/2019 13:43

I agree. The disparity between the two prices seems madness. There's some uncertainty because we don't know the exact details of the offer, but it seems hard to see how a THAL shareholder could lose by selling THAL and buying LSR. I haven't been a THAL shareholder for a while and wouldn't really want to be one again, other than short term, but I bought some LSR for the arbitrage about 3 weeks ago at 27.2p net.