Investor's Champion
How to make your money go further

Thalassa Holdings (AIM:THAL) - buying £1 for 70p and the AGM is a must!

22/06/2018 · Thalassa Holdings Ltd (THAL) 
The share price of the investment holding company with a heap of cash, continues to trade at a material discount to its net asset value. Do the shares continue to represent easy money or is it a classic value trap? 
The Group’s results for the year ending 31 December 2017 point to a book value per share of US$1.29 or 95p. However, had the purchaser of its marine geophysical business completed the acquisition in 2017, rather than on 1 January 2018 as occurred, the book value per share would have amounted to US$1.66 or £1.23, based on 19,812,640 shares in issue as at 31 December 2017. This compares to the current share price of 83p, implying a 30%+ discount. It’s worth emphasising that the majority of assets are in cash or near cash items. The marine geophysical sector has had…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login