REG-Thalassa Holdings Ltd Thalassa Holdings Ltd: Trading Statement

Thalassa HoldingsAnnouncement

28/02/2022 13:45

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   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

    1 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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