Thalassa Share Discussion Threads

[gfrae] 22/9/2020 08:27

Results look good.

[hindsight] 21/9/2020 19:35

If anyone is considering buying, please do some research, it wont take long to confirm what Varies says above is true.

[energeticbacker] 21/9/2020 18:12

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.

[kooba] 21/9/2020 16:55

Can't seem to access...what's the gist?

[kooba] 21/9/2020 16:16

No but exceptional returns this half year and previous track record of positive returns, indication that current markets are favourable to strategy.If this were a hedge fund it would be one of the best performing over period. Delighted management are busy making money as it goes...nb this is also not their primary business.They are working on a number of corporate opportunities it seems.

[mr macgregor] 21/9/2020 15:30

Are you sure the financial income is repeatable? There isn't much else.

[kooba] 21/9/2020 13:54

Market cap £7m net financial income $2.39m for half year giving big uplift in NAV to 150 p...could be argued that getting markets right and making the assets sweat to make money for share holders is poor quality earnings I guess but I say jolly well done and long may it continue. Surprisingly positive update in these times and much overlooked. Plus the best value updates of any Chair I've read!

[mr macgregor] 21/9/2020 11:17

More ramblings from the Sage of Sidcup. As Boris pretends to be Churchill, the poor man’s Warren Buffett announces revenue of a quarter of a million (rofl).
THAL has been reduced to a bet against the market and there are more sensible ways of doing that than buying its shares.

[hindsight] 26/6/2020 16:16

As an ex holder of LSR who nearly ended up with these. If anyone is considering buying, please do some research, it wont take long to confirm what Varies says is true

[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.