Member Info for threeputt

Courtesy of stockopedia:

Net Cash: $20.3 million = £15.3 million (latest exchange rates)
25% stake in Local Shopping Reit (LON:LSR) = £6.7 million (latest share price)

We then have the company's 100% stake in Autonomous Robotics Ltd ("ARL").

ARL is still in prototype stage. External financing for the project was sought in 2017, but has not materialised yet. The operating loss generated by ARL/Thalassa for the year amounts to $1.7 million.

I have no idea if ARL has positive value, so will write it down to zero for my own purposes.

A conservative estimate for Thalassa's book value is therefore £15.3 + £6.7 million = £22 million, or 115p per share, to be reduced by further short-term losses at ARL.

There is another $10 million payment the company might receive in contingent consideration for its disposal last year. This would boost NAV to 154p per share.

Then you have confirmed your decision, I'm fortunate in that I originally bought in around 100% lower so I can wait and see for the moment

Granted results were given at the end of June last year but 2016 were announced on July 14th, the recent trading update was promising also:
"As a result of these factors, the Board is pleased to advise that revenue and profitability for the year ending 31 March 2018 will be ahead of current market expectations"

maybe, but for a £6m mcap I'd say that was priced in, see the media interviews for further ratification

well yes when you put it like that, but there are subtler ways.......

did anyone ask to see the Iran contract at the agm, and what was the response ?

Never know, we probably would have said the same about sea ferries :)

you need to read the going concern before diving in here

ebitda positive means nowt imo, just means they can hide all the crap below the line, pbt is what is required

Just stick your stop loss in at just over break even and forget about it

Hi Mos, hope you are keeping well, sorry it's not worked out yet for you
No I sold out again when the mms messed up offering 12.5 bid instead of buy as was too good to pass up, Jimzi mentioned same just after I sold, just fortunate really and lucky the agm didnt send it higher, those unsightly losses I once had have become very small now.
I still keep an eye here out of genuine interest, and have to feel for the lth's like yourself who invested in the story but have been let down by poor management, ferry debacle was just one example and is probably still impacting costs one way or another

And if they were to buy shares I would be expecting them to buy bucket loads at this price, a token amount of their salary as a drop in the ocean wouldn't impress tbh

DHC

and why do you keep signing off every single one of your comments with "Just imo" ?
By typing your comments on here surely you are already giving your opinion so why state imo again every time
Bit childlike no ?

Which one performs the worst ?

a) wsg
b) lse

answers on a postcard

Ask them to bring the signed contract to the agm, and stick it on the wall for all to see, with accompanying company seal of course

level2 has been looking good for a while, but still it dropped

nope, not in here, but watching with interest

crazy can always get crazier, never fight the market is first rule of cash preservation

when it's a delayed trade

or selling.....