Make your money go further for just 25p per day

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

22/06/2018 · Thalassa Holdings Ltd (THAL) 

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

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Thalassa Holdings Ltd

Coronavirus impact: 21 Sept - mixed bag of results to start the week

21/09/2020 · Company Insights

Full year results from a provider of software solutions to the US healthcare sector were the…


Coronavirus impact: 26 June - pounds for pennies on offer here

26/06/2020 · Company Insights

The stock market often throws up some bizarre opportunities, none more so than this unloved quasi…


More Company Insights

Elderly challenges | Demotion | Australian boost

21/11/2024 · Churchill China · CVS Group · Renold · Tracsis

Bonkers Bargains: poised to recover with a new CEO

20/11/2024 · James Cropper

Improving returns | Questionable business models

Sign-up to our free email updates

SIGN UP