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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Minerva | MNR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 124.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 124.00 | 124.00 |
| Top Posts |
|---|
Posted at 29/6/2011 14:53 by sami69 Was that before the imminent bid for Micro Focus?Baldy all will be forgiven if atleast one of your predictions are right - especially MNR... |
Posted at 06/6/2011 07:07 by ak47high With the run I have had recently it makes sense for me to sit on my MNR shares. |
Posted at 03/6/2011 08:07 by fireplace22 Agreed, MNR have done well but only because of the price inflation in prime London. I was just trying to higlight what I see as a failing of the MNR management who still appear not to be acting in the best interests of it's shareholders. |
Posted at 03/6/2011 07:43 by fireplace22 david77 I'm not knocking NTA, I'm a holder as you are, but you have to agree that had Minerva any idea of the serendipital profits arising from the Lancasters there is no way they would have granted such generous terms. NTA at the time was capitalised at about £6M they wouldn't have the clout to negotiate the large sums required for the development, that was down to MNR and they took the risk. You obviously know more about the property sector than I, but NTA have had far more out of the Lancasters for their little (financial) input - they have been paid separately, have they not for their architectural services etc. To illustrate NTA's importance, if the potentilal profits were small, NTA would only be due to a paltry proportion of this (5-10%). That more fairly represents the level of risk of each of the co-developers. NTA have played a blinder. |
Posted at 03/6/2011 07:32 by david77 "fireplace22 - 2 Jun'11 - 16:29 - 8361 of 8364 ... and not negotiating away about £100M in profits to the minor partner in the Lancasters whilst MNR took on the majority of the financial risk...." The Lancasters is now fully funded by Deutsche Bank so Minerva are getting 50% of the expected profit for a short-term backing for the company doing all the work. Incidently, I also have Inland shares. They have a similar arrangement with a financing partner. Providing Inland pay all outstanding sums when due, then the partner gets 10% of the profits so Minerva have done very much better than Inland's partner. |
Posted at 02/6/2011 15:45 by quepassa On the bright side, those brave investors who bought MNR this time two years ago, have seen a whopping 1,200% return on investment.Not bad. No need for greed. At least the management managed to keep the company afloat with its humungous debt-pile during the troubles. Laudable, I suppose, that management didn't succumb to Kifin's first bid of 50p. - Grateful for small mercies..... Good luck to you. ALL IMO. DYOR. QP |
Posted at 02/6/2011 15:29 by fireplace22 Yes, sad isn't it - well below NAV and considerably below what should have been expected had the assets been revalued (as they were on Kifins bid) and had the board done their job properly in letting the London offices and not negotiating away about £100M in profits to the minor partner in the Lancasters whilst MNR took on the majority of the financial risk. Wonderful management to whom I am eternally grateful for their capitulation to this measly offer. |
Posted at 02/6/2011 15:22 by quepassa Not worth a farthing?Actually... in this case....MNR board recommendations are worth 120.5p per share to each and every share-holder. Good luck to you. ALL IMO. DYOR. QP |
Posted at 08/9/2010 16:40 by dr knowledge Tara/Explorer/Orcs/sPs. explorer - might be an idea to read a little, especially recent news with MNR and then revisit that "imminent" rights issue in your own mind prior to posting. I'll give you a clue......grumpy south african, big shareholder in MNR, just lost an EGM and (wait for it......) doesn't like rights issues! - Go on, explore that for a day or two! ;-) |
Posted at 13/8/2010 11:21 by dr knowledge scrabble - I almost agree with you! I've a substsantial holding here both in shares and a SIPP, so anything that benefits my investment, I'll support. Indeed If I thought that the appointment of X2 execs on the board was ALL that Kifin wanted, he would have my support. In reality K wants the removal of the chairman and chief executive, in reality K has made 2 previous attemtps to acquire MNR (many remember the last attempt which if successful would have had PI's out @ c50p!!). Very important to recall that at the time, Kirsh stated 50p was MNR's maximum value, the BOD said it was a ludicrous figure (who was right?).With the disapperance of so many household names last 18 months or so (many with less debt piles that our MNR!) can you honestly say that our board have done a bad job thus far (378% rise in share price within 12 months?). Read the analysts comments - Lancaster is not a bad deal, it is a "typical" deal in such circumstances & how can revealing bank covenants re rental forecasts for StB's and W's really benefit us? As our CEO said yesterday, all he wants to do is rent them - then we will see the benefit in terms of the SP! Finally the institutions have been extremely guarded here in their responses (with none openly supporting K), Errrrm why you have to ask??? Do they see K's advances as an attempt to take-over MNR or to strengthen MNR?? Surely if it was the latter then the EGM would have a foregone outcome! Fact is, the only reason why K has (to date) mustered no real support must be because most of the big players see some truth in this statement form MNR's independent director, John Matthews............ ....."It is clear to the board that the true purpose of KiFin's resolutions is, without any payment to shareholders, to advance its attempts to control Minerva," he added. "We believe that KiFin's request for additional disclosures is an attempt to distract from this objective." For me therein lies the far greater risk, if K wins, will MNR even be here 12 months hence with all properies let, profits rolling in, RAM back on track and banking covenants met?????? |
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