Member Info for dab808

It is a disgusting that such a successful business is being hit with such punitive taxes. The whole business is basically a tax raising revenue machine. Tax on the premises, tax on the alcohol, tax on the food, tax on the workers. As shareholders we are getting a tiny slice of profit.

Innovation is required to cut staff and prices need to rise.

No shares avaliable with the MMs. Could only pick up 500 shares without going for a negotiated trade.

RNS - Hooray!

In the main it says nothing new that someone close to the company doesn't already know. But that is not the point. This RNS will reach some investors that are on the sidelines or who do not know we exist. It provides a confident reminder to those invested that the 1H loss is just a blip and reaffirms that total annual revenues will be up on 2024FY. And most symbolically why now? Is it because we have a stronger influence being driven from THAL. All I know is that I am moving from hold back to a strong BUY. And for me that means I will be buying not just marking it a buy (I did do a small add yesterday:))

As the 4th largest shareholder in NWT I have purchased a small 1000 shares here just to have the right to attend the AGM and chat to the management about their plans for their stake in NWT.

Thalassa Holdings Ltd

(Reuters: THAL.L, Bloomberg: THAL:LN)

("Thalassa", "THAL" or the "Company")

Trading Update

The Company announces that on 14 March 2025 it filed a TR1 on Newmark Security Plc (‘NWT’) in respect of the Company’s holding of 2,000,000 shares in NWT representing 21.33% of the voting rights.

It looks like Sarah Reid has sold the lot today. And we'll find out if THAL. have pick up the 873k shares that have just gone through this morning.

This is an amazing change one of which potentially creates a very driven shareholder who will add a new dynamic to the mix. Have they got a bargain? We will wait and see....

Okay, so we have further purchases from THAL. and Sarah Reid is the seller.

This could become interesting. THAL. are buying in as they see the opportunity at this price for significant gains. Sarah a long term holder and if I recall correctly she inherited the stake, is clearly happy to reduce. She must be less optimistic or more likely requires some cash, which may mean more trades to come. I don't necessarily blame her given the lack of any returns for shareholders in the last 10 years in taking some money off the table that she can use elsewhere if it is needed.

For shareholders like Sarah, the return of a dividend at the right time probably needed to hold onto shareholders and ultimately drive up the price, but we need further growth and consistent profits to fund this, and we have to balance the reinvestment for growth. Chatting with MC previously reducing the debt has been a priority. It will improve our EBITA further and increase bottom line profits through lower borrowing costs. I would like to see a token dividend, even of a few pence just to show intent. A 2p dividend would be nice and only cost £180k - this is less then MC receives as a salary which she has received for 10 years (not that I begrudge that, it has been a tough 10 years and she has transformed the business) but it would send a strong signal that the business is confident enough to return to dividends.

The delayed trade explains a lot. THAL. must have approached the market maker outlining their intention to increase their position and this is potentially the reason why the spread has been so large. I have been waiting for the ask to fall below 70p to restart my buying, I have watched sells going through but the spread has not moved. The reason it has not moved is that THAL. as a volume buyer have simply been there to give the MM the confidence to soak up the sells when they come along. I have looked at all the trades since the results but still cannot see quire how THAL. have picked up so many shares but they must have. So what's the next steps for THAL? We're around 2 months until the end of year trading update. We know that should be positive. Do they want to accumulate further between now and then? If they do the price should rise from here, as I see fewer sells given the likely positive update. It is interesting however that although THAL. are clearly accumulating, no other buyers are following. The fact they have added further and soaked up the sells gives me confidence that when the price moves upwards we should hopefully see a stronger move. We will see.

What is going on? How can THAL. be picking up the volumes they are disclosing? There seems to be no reciprocal trades. Is the 50,000 a buy (given the RNS)? But when and where was this volume sold? Why given they have picked up 1.5% is the upward movement? When did the MM pick up stock at a lower price to trade at these levels? I am really confused.

Interesting trade today that in my opinion demonstrates that investors are unhappy. A 0.5% sale trade is not good. I hope the management take note....

It is certainly positive news. I am being offered 67.5p to sell and 74.5p to buy in live prices right now. Yet the published spread remains at 62p to 77p. We really need to find a better market maker moving forward.

Today's RNS appears to show that Thalassa have added 30,000 shares and increased their shareholding above 10% again. This is an interesting move when in May 2023 they sold around 60,000 shares when the price was around 55p. I had wondered whether, when they dropped below 10%, to 9.9% whether they would use this to drop further, to 9.01% without a further disclosure. I had them down as a seller more recently when on fact they were not reducing. This means other sellers have stepped in more recently and shares remain in the hands of a number of significant investors including myself. I see this as positive and I hope they add more. I have no idea if was their trade yesterday at 67.5p but I have not see an offer price that low (I would buy sub 70p) and I have been holding out for that, I will not accept a 62p to 77p spread as a realistic entry spread (even though it is 64.5p and 74p when I check the live spread). Still too big.

It was September 2020 that NWT last announced they had secured some business via a specific RNS.. That's coming up for 5 YEARS!

And guess what? The price rose when the announced their deals in August and September.

No news = no volume. No volume = frustrated holders & no new investors. Frustrated holders = sell on any rise. No new investors the price drifts.

I have been in this game for so long. I have advised the management they need to get news into the market via RNS's. I am now a frustrated holder.

Awesome results. 130p share price a year ago. 36p earnings per share FY. Increased dividends more buy backs. On track for 2026 targets. Happy.

Strength indeed. The bid paid price has moved up to 7.25 from 6.8 (although the official spread is still 7 - 7.5p). Suggests there are orders to fill, so hopefully of a continued move upwards.

Momentum is back with stronger still possible upside. Up 50% in a month. Well done to those that averaged down. I'm holding out for a bit before trimming my position given the strength of the move.

I'd agree Jatw, I cannot see any reason why they will not have continued to add embedded value given the frothy DB market. This is excellent news for JUST in the next few years although DB will slow in the medium term (5-10 years) so JUST will have to demonstrate where it can make money elsewhere in the next 3-5 years.

Liking the chart. Looks set to breakout. 11p on the cards if we can break and hold 8p.

Looks likely to me that we'll continue to fall back until the trading update. We're unable, even with the strong guidance we have given, to attract buyers.

Interesting to see Allenby-Capital put out a note. https://www.allenbycapital.com/. See the update on the 03/02/25. It is great that they are giving a £29m valuation but a real shame that they quote a 7.5p share price at that level. What a stupid mistake given that is the old price before the 50:1 consolidation.

"You are looking at a business that seems to be on the cusp of a huge breakout in revenues and profits."

I would agree with this statement Hedgehog, yet every 2 ups we get there seems to be 1 step down.

The loss in 1H 25, the tax payback in 2H24 l, the loss of UKG in 2H 22. And the bumpy ride before it, really hit confidence.

I genuinely believed we were going to deliver a profit in 1H 25 so my confidence is a little shot.

Roll on the trading update in May.