Thalassa (di) Share Price (THAL)

Will THAL's holding in NWT be a catalyst to drive the price higher in 2024?

I've just taken my stake in NWT to over 3%. The rally towards the end of the year and an overall return on NWT of nearly 150% in the year makes THAL potentially another stock to watch in 2024. The 10% holding in NWT reflects nearly 40% of THALs market cap. At the start of the year it represented just 20%. So not all the value of this rise has come through into THALs share price or other assets have performed less well.

I'm with the recent finals commentary in the NWT could well become an acquisition target in the next couple of years. I'd expect a sale price in the region of £40m as being realistic and this is 5/6x the current price. I am certainly of the belief that we're only just at the beginning of a strong rise in NWT as the US continues to out perform, that Safetell in now growing again and the rest of the world strategy accelerates. Another doubling/ trebling of the NWT share price is on the cards in 2024 and this should reflect well on THAL.

By 2025 we'll be in the offer territory for a take out at £40m or so.

I shall potentially be buying here in the new year once I have done some further research on the other investments.

4th May 2023 7:00 am RNS Holding(s) in Company
https://www.lse.co.uk/rns/NWT/holdings-in-company-zpumoz7knuh2ryi.html

Thanks to Dab808 on the NWT board for this post today:-

dab808 Posts: 136 Price: 56.50 Strong Buy
Thalassa Holdings 04 May 2023 12:32

"Interesting that Thalassa Holdings have decided to sell a small percentage of their holding so close to the trading update and in advance of the significant growth story to be told to the market through the next few results updates.

They built their stake in late 2019 (price then about 35p) to April 2020 (around 60p). The have obviously sat on the rise until now, then taking a small profit. Maybe this is a prudent trade, perhaps they want some profit for their efforts. One to watch moving forward and it could be that they want to move more considering the price is not moving up. If they keep selling into the rise it could hold us up a little, but I am sure they hope for larger gains and I am sure there are more buyers than sellers given the businesses trajectory."

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https://www.lse.co.uk/SharePrice.asp?shareprice=NWT&share=Newmark-Security

Return to go, I came out of Thalassa ages back, with a major loss, because of what seemed to me some very shady property dealing. Simon Thomson of Investor’s Chronicle also seem to see it the same way. I’ve never seen him so forthright.

https://www.investorschronicle.co.uk/2014/10/07/comment/simon-thompson/a-conundrum-to-solve-Q77PbfVybfPUKtWiuq0UyL/article.html

And a later issue he took note of:
https://www.investorschronicle.co.uk/comment/2019/03/26/local-shopping-reit-urges-investors-to-reject-thalassa-s-offer-and-vote-to-wind-up-company/

Just a warning. DYOR. I am only on here because I was curious whether a poster I used to follow quite carefully was still posting here. He or she doesn’t appear to be. No surprise!

Bargepole for me. Bye!

Nvm, guess it is due to LSR now being consolidated.

Noticed now there was a post on the balance sheet "investment properties" of $4.1m, they havent been there before have they? Or have they changed the way they report those assets?

Any other thoughts on today's filing?

Cheers