Thalassa Share Discussion Threads

[owenski] 26/6/2020 15:57

Am I right in saying THAL owns 10% off NWT, which I think is a dog of a company, DS doesn't always make good calls.

[varies] 26/6/2020 15:16

Mr Soukup runs this company just as he pleases and there is little predicting what he will do next. I was very put out when he strengthened his control a year or two ago by creating a new class of preference shares for this sole purpose, now mercifully abolished. Handsome fees for the company lawyers but of no benefit to any shareholders other than Mr. S. Can Thalassa have done well out of taking over Local Shopping REIT ? We shall never know as the effect of this transaction is buried under subsequent transactions. Can we trust the high Net Asset Value claimed ? I now watch with interest from the sidelines.

[baner] 26/6/2020 12:38

Church House sold out - that is typically a strong BUY signal ! Excellent News!

[baner] 26/6/2020 11:04

Thalassa looks attractive from a risk/reward aspect. Soukup has his own Money involved and i am sure Will buy back more shares unless discount to TNAV reduce significantly. Huge turnover in stock today - Lombard likely to reduce - but WHO is buying?

[mr macgregor] 21/3/2020 17:25

Not a great time for England's Warren Buffett to have lent money to a Croatian hotel and leisure group ; )

[varies] 27/1/2020 11:14

Mr Soukup has become as unpredictable as Mr. Trump. Does he have any expertise in Dalmatian resorts ? When I sold the last of my own Thalassa shares, I overlooked a small holding held by my son. These have now been sold too. Only those with blind faith in Mr Soukup should think of investing here.

[mr macgregor] 27/1/2020 08:33

"I am thrilled to be involved in such an exciting opportunity" Have the rest of the Thalassa staff left Suckup on his own?

[varies] 18/9/2019 20:58

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 15:32

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 08:26

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

[varies] 11/9/2019 17:29

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 21:16

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 17:10

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 16:11

Sleepy knows of what he speaks.

[sleepy] 10/9/2019 15:22

gfrae - perhaps there is a good reason for the valuation

[gfrae] 10/9/2019 14:29

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 09:28

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 08:38

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

[tanneg] 19/6/2019 16:29

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 10:38

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 10:16

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 09:16

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 15:48

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)