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,…
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