Net cash, trading at 50% tangible NAV - seismic potential!
A recent seismic seminar in Oslo highlighted the excellent market for seismic contractors in 2012 and 2013.With day rates expected to improve during 2012 and growing demand from all corners of the globe, we had a look at this lesser known seismic opportunity which recently issued full year results. Thalassa Holidngs has a decent contract backlog, net cash and strong tangible asset backing; it could deliver handsomely for investors from its the current lowly level!
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