Thalassa Holdings Limited

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Thalassa Holdings Limited LSE:THAL London Ordinary Share VGG878801114 ORD SHS USD0.01 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 31.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Field Services,nec 0.17 0.46 2.20 5.17 2.46
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 31.00 GBX

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Date Time Title Posts
06/5/202317:11THALASSA ENERGY, Oil Service Company.4,423
12/9/201312:32THALASSA ENERGY:13
06/8/200803:55Thalassa Energy Ltd.8

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Posted at 06/5/2023 17:11 by hedgehog 100
THAL has just top-sliced its holding in NWT, after a good recent run for NWT's shares:-

04/05/2023 07:00 UK Regulatory (RNS & others) Newmark Security PLC Holding(s) in Company LSE:NWT Newmark Security Plc

NWT is something comparatively rare this year: a tech penny share that is performing well, both technically and fundamentally:-

Newmark Security (NWT) 56.5p Market cap. £5.3M.;symbol=L%5EARA

"Newmark Security in 2023: A Transformed Tech & USA Success Story"

Up 71.2% (33p to 56.5p), on a strong return to profitability.

And with plenty more likely to come on both fronts.

Newmark Security (NWT):-

Posted at 11/2/2023 12:17 by varies
Thank you very much for posting the link to the announcement, which I had missed, about the investment in LML not proceeding.
I agree with all you say but fear that THAL may be exposed to large losses on its open short positions as a result of the recent recovery in world stock markets. Mr Soukup's recent pronouncements suggested that THAL had made money on its "hedging operations" earlier in 2022 and that he had re-opened these.
As you say, we can only form a vague idea as to the value of THAL's assets.
Like you I would regard a liquidation worth 60p per share as a very welcome outcome.

Posted at 10/2/2023 08:55 by varies
Thank you , Kooba.
Are you saying that THAL never proceeded with the investment in London Medical Labs or that it did and that there was no subsequent issue of capital by LML ?
I agree with you heartily that this is not a successful company.
It did succeed some years ago in selling a business for a handsome sum of money but has squandered the proceeds.
The report and accounts are indeed rich in pontification but short in detail of THAL's assets. A small comfort to be derived from the Tappit fiasco is that Mr. Soukup may now perceive his limitations.

Posted at 02/2/2023 20:55 by varies
Having spent the last hour trawling through THAL's announcements since July 2019, I remain in a muddle as to what they still own.
The transactions between Anemoi, Apeiron and id4 are certainly convoluted.
In Feb 2021 THAL advanced £2.5 million to London Medical Laboratories and undertook to take part in a subsequent issue of capital. We have heard nothing recently about this.
After the Tappit disaster we must hope that Mr Soukup will fasten down the hatches as another shock might be fatal.
I now regard my recent small investment here as no more secure than money placed on a horse!

Posted at 01/2/2023 20:24 by varies
A very thin market; I have bought a few shares at about 30p which may prove unwise.
Looking back through my records, I see that I was buying THAL shares at 86p in May 2018 and selling them at 80p in March and April 2019. I sold my last at 62p in Jan 2020.
Not brilliant but I have had the good luck to be out of this share for 3 years.
One simple means by which Mr Soukup could compensate THAL for its losses on Tappit would be to buy the holding off THAL for the price paid. I fear that the solution chosen is likely to be more complicated but wait with interest to see what it is.

Posted at 27/1/2023 14:49 by tiswas
Well, you have to admit DS is different!

PS Out of here a long way back but pop in now and again to be bemused by all the goings on.

Posted at 10/1/2023 18:17 by ntv
A good short. A one person story that the market dislikes hence the share price fall
I can see this delisting with nothing for independent shareholders

Posted at 10/1/2023 14:40 by kooba
Stock trading at an 85% discount to stated book value. If there was any material change in the company's financial position they would have to inform the market. Appears the "floated" off companies are also enjoying the same market support both trading at all time lows. Either these companies are cheap or they are in far worse shape than the historic basis of valuation. Since the company has not commented on trading since last august it is difficult to know..certainly the share price is telling a dire story and the company make no comment.
Posted at 19/10/2022 18:03 by kooba
..only when the tide goes out do you discover who's been swimming naked.23.00 GBX -42.50 (-64.89%)year to date23.00 GBX -66.30 (-74.24%)past 5 yearsNet assets end June '22 £11.9m or 150p per share£800,000 net cash.Market cap at the close £1.83M.Market cap less cash £1M So a recently reported director approved valuation of assets less cash of £11M currently being valued by the market at effectively £1M ..over a 90% discount.The company says they have effective hedges in place against market declines only 2 months ago.There has been a precipitous fall this year accelerating post the interims in August and are now trading at an extremely distressed valuation if the recent valuation and update are to be believed. There has been no comment by the company as to any change in the trading conditions since the last update or the valuation of the assets since that update..any material change would have to be reported to the market.So anomaly or extremely poor investments as the market valuation seems to point to?Who knows its very opaque in terms of the loans outstanding and the valuation of the node business that has been funded solely by the company for donkeys years but some clarity on the current share price action whether it is prompted by a change in the company's financial position might just be the minimum shareholders should expect from the management.Monday 15 August, 2022Thalassa Holdings LtdInterim Results• Profit /(loss) after tax for the year £0.20m vs. (£0.81)• Group Earnings Per Share (basic and diluted)*1 £0.03 vs. (£0.10)• Book value per share*2 £1.50 vs. £0.82• Holdings £10.1m vs. £7.9m• of which Unlisted holdings £6.4m vs. £6.1m• of which Listed holdings £2.5m vs. £0.3m• of which Hedges £1.2m vs. £1.5mChairman's Statement Trading updateThe Company's hedging strategy has served THAL shareholders well during the first half of the year and whilst our long-quoted-holdings suffered, in some cases substantial declines, these were largely offset by gains in our hedge positions. We covered most hedge positions shortly before the mid-June market bottom and subsequent rally, but have since repositioned, and increased our hedge exposure, after what we perceive to have been a 'dead cat' bounce.
Posted at 28/3/2019 07:40 by ntv
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

Thalassa share price data is direct from the London Stock Exchange
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