THAL holdings in Newmark Security23 Dec 2023 14:09
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.