Thalassa Holdings Ltd: Trading Statement (1290171)
01 March 2022 - 12:37AM
UK Regulatory
Thalassa Holdings Ltd (THAL) Thalassa Holdings Ltd: Trading
Statement 28-Feb-2022 / 13:37 GMT/BST Dissemination of a Regulatory
Announcement, transmitted by EQS Group. The issuer is solely
responsible for the content of this announcement.
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Thalassa Holdings Ltd
(Reuters: THAL.L, Bloomberg: THAL:LN)
("Thalassa, "THAL" or the "Company")
Trading Update
Thalassa, a holding company with interests across a number of
industries including real estate, robotics and technology, is
pleased to announce a trading update.
Duncan Soukup, Chairman, on behalf of the Board of Directors
(the "Board"), I am pleased not to mention, relieved, to present
the market with the following positive Trading Update:
"Our continued hedging efforts have resulted in significant
positive contribution during the recent and on-going market
correction caused by Covid-19, potential, and in some cases actual
Central Bank tightening and, by the invasion of Ukraine by Russia's
"Peace Keeping" Forces."
"The Company's Board is unanimous in its view that the current
correction has further to run, and that the possibility exists for
substantial economic slowdown in the coming months, as higher
commodity prices feed into higher consumer prices. Our fear is that
Europe and the USA could experience a damaging bout of Stagflation
(Sluggish economic growth coupled with a high rate of inflation and
increasing unemployment), resulting in recession. A proxy for this
view can be seen in recent results of TJ Maxx (TJX US) a retail
bellwether which missed its Q4 numbers due to supply-chain problems
and rising personnel costs, resulting in sales and margins, which
fell short of market expectations."
"I would like to emphasise that the Company's hedge positions
are unlikely to fully protect against a complete collapse in global
stock markets; they should, however, give a good degree of
protection against a continued decline in stock prices,
particularly in overvalued Tech. Shares and investor 'fear'."
"I look forward to expanding on these comments and quantifying
the impact of current market volatility on our holdings in our
forthcoming Annual Report for 2021 and Interims Results for
2022".
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
END
Investor Enquiries:
Thalassa Holdings Ltd
Duncan Soukup, Chairman +33 (0)6 78 63 26 89
www.thalassaholdingsltd.com
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ISIN: VGG878801114
Category Code: TST
TIDM: THAL
LEI Code: 2138002739WFQPLBEQ42
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 145839
EQS News ID: 1290171
End of Announcement EQS News Service
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February 28, 2022 08:37 ET (13:37 GMT)
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