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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 30/6/2011 12:07 by targatarga ak -47 - believe it or not but a lot of investors never reveal their gains. Tax inspectors regard investing as a mugs game. Personally i've filled my tax returns but others haven't. Hope this helps tt |
Posted at 02/6/2011 15:50 by fireplace22 QP, Those brave investors who bought 2 years ago at 7-8p were buying the shares offloaded by the the same 'very professional' institutions you respect so much. And what about their clients interests at that time? |
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 14:51 by quepassa Most would agree that Morgan Stanley are highly professional investors with masses of analysts and industry specialists at their finger-tips.As are Aviva. I guess it would be fair to assume then, in my view only, that at least these two sophisticated institutional investors don't think that a higher bid will be tabled. -Otherwise why would they have sold? I continue to hope for holders'sake that a higher bid is made but in my personal opinion when I see these big boys selling at near the 120.5p take-out price, it further strengthens my view that it is unlikely to happen. ALL IMO. DYOR. QP |
Posted at 01/6/2011 19:05 by fireplace22 These are the substantial shareholders.K I F I N Limited 46,756,304 £55,756,892 Aberdeen Asset Management 24,422,679 £29,124,045 Trustees of the AI Rosenfeld Trust 17,281,169 £20,607,794 Henderson Global Investors Ltd 12,817,979 £15,285,440 Herling Ltd 12,371,309 £14,752,786 Standard Life Investments Ltd 11,291,251 £13,464,817 Gartmore Investment 8,790,248 £10,482,371 Credit Suisse Group AG 8,406,886 £10,025,212 Morgan Stanley Investment Management Ltd 8,368,484 £9,979,417 Stichting Pensioenfonds ABP 5,952,663 £7,098,55 Only Kifin and Aberdeen have more than 20M. |
Posted at 28/5/2011 18:11 by smurfy2001 Minerva, the property developer that counts the Walbrook building in the City of London as one of its developments, has received a £194m cash offer from a consortium including Jamie Ritblat's Delancey investment firm.Delancey and the real estate fund manager Area Property Partners have put forward a possible offer of 120.5p per share a premium of more than 20 per cent to Minerva's 99.25p closing price on Wednesday. Minerva's shares jumped 15 per cent to 113.75p when the announcement was made. News of the bid comes after the company announced in January that it was in discussions regarding possible offers for the business, whose developments also include the Odeon Cinema building in Kensington and the Ram Brewery in Wandsworth. Subject to certain conditions, Minerva's board said it expected to recommend the offer. Mr Ritblat is well known in property circles and is the son of the former British Land chairman Sir John Ritblat. He took Delancey private in 2001. Today, the firm, which counts George Soros among its investors, boasts a portfolio of properties that includes the Rolls building in Fetter Lane, in the City of London. Mr Ritblat's consortium, which made its approach through a special-purpose vehicle called Jupiter Properties 2011, may yet face competition, however, with a number of other property investors rumoured to be interested in the company. Possible counter bidders include Apollo Global Management, the private equity firm which has been said to have had its eye on Minerva. Other potential suitors include the Whitehall property funds run by the Wall Street investment bank Goldman Sachs, and Limitless, a unit of Dubai World, which made an abortive cash offer for the group in 2008. The Limitless proposal was followed by an offer from KiFin, a vehicle backed by the South African property magnate Nathan Kirsh, which also failed with 50p per share approach in late 2009. |
Posted at 26/5/2011 12:27 by bullspread Who else would bid for Minerva?Minerva, the London property developer, has received a £194m takeover offer from a consortium led by Delancey, the investment group run by Jamie Ritblat, and Area Property, the private equity group. The Walbrook office block in the City of London is one of Minerva's main developments. However, there are plenty of other potential bidders that may be interested in making a counter offer, as the company has been running an auction. The potential buyers include: 1. Private equity firm Apollo, which is run by former Drexel Burnham executive Leon Black. Although Apollo does not typically focus on investing in property assets, the firm has an eye for spotting undervalued assets and experience in managing debt issues. 2. Orion Capital Managers, a European real estate investor. Orion has investments in several commercial retail parks across Europe, including the Plenilunio shopping mall in Madrid. 3. Whitehall funds, the property investment arm of Goldman Sachs. The funds invest in real estate companies, projects, loan portfolios, debt recapitalizations and directly in property. Some of the Whitehall funds' previous investments include the former Queens Moat Houses hotel business, most of which are run under Holiday Inn and Crowne Plaza franchises. 4. South African property investor Nathan Kirsh, who bid for the company at 50p a share last year and tried to oust the management. Mr Kirsh currently owns around 30pc of Minerva's stock. 5. Limitless. In 2008, Dubai-based investor Limitless made an offer for Minerva but eventually withdrew its bid after both parties failed to agree a deal. 6. David Shamoon. An Iranian property entrepreneur who owns the luxury Marbella Club in Spain. Mr Shamoon is well connected with Gulf-based investors and built up an undisclosed stake in Minerva around the time of Limitless's offer for the company. It is thought Mr Shamoon, who back then was advised by Merrill Lynch, was also interested in making a bid for the company. |
Posted at 26/5/2011 07:10 by johnv 114p is the difference too small for any profit or investors dont believe the outcome? |
Posted at 26/5/2011 06:21 by quepassa Well done to all patient holders on Minerva. Excellent result.Minerva now looks set for the history books. In my view, Quintain Estates and Development (QED)may be an interesting share to follow in the wake of its own recent results, growing investor enchantment with the UK mid-market property sector and developments at Minerva. ALL IMO. DYOR. QP |
Posted at 22/12/2010 15:31 by johnv Wonder if investors are positioning themselves for the next Kiffin offer( supposely in Jan?) |
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