Minerva Share Discussion Threads

[baldeagle5] 11/5/2011 19:14

My guess is 130p bid.

[ak47high] 11/5/2011 18:24

Four late trades all over 200k.....News soon?

[targatarga] 11/5/2011 15:05

could be due a run up or down to shake out a few sellers.... imho

[sami69] 11/5/2011 15:03

looks like standard life have got the shares from LaSalle investments - hence why the share price has not gone up?

[sami69] 11/5/2011 08:41

another big buy fron standard life - 1.5m bought. They have been buying big.. something going on?

[targatarga] 10/5/2011 10:40

very little stock about unless your willing to pay a premium...

[targatarga] 10/5/2011 10:27

some nice large trades but the price appears weak... I'm back in again t20 for 50k.... gla

[smurfy2001] 06/5/2011 23:01

Cheers for the link and yes frustration is in the air.

140p NAV, takeover negotiations still ongoing.

Good chance of refinancing as CEO is ex Deutsche Post Bank.

I hope for a takeover.

[quays85] 06/5/2011 19:04

This was posted over on III - interesting that its not just us PI's who think that the Minerva board are an over paid bunch of wasters !!

[sami69] 06/5/2011 17:19

600k spent by standard life - some large ii buys recently..

[fireplace22] 06/5/2011 12:37

As with the previous T/O attempt by Limitless a couple of years ago, any T/O will pivot on the banks getting all they want from the deal. (I suppose they are the real owners here anyway given the extent of the debts). It was their unwillingness to waiver certain conditions that led to that deal faltering. The management here, I think I'm right in saying, have little equity holding so they will be unwilling to sell themselves out of their jobs. So just wonder if the company will be sold piecemeal leaving something for them to manage. Just musing.

[sami69] 06/5/2011 12:23

Hopefully a half decent bid comes through at 120p-130p. I take the fact that there has not been any comment from Krish as a positive sign..

[fireplace22] 05/5/2011 06:27

IMS out. I think I could have wrote it; entirely predictable. Slightly informative on the Lancasters I suppose.

[johnv] 03/5/2011 13:43

wow, 6 rns statements today, this is getting exciting.

[fireplace22] 01/5/2011 14:21

Minerva faces revolt over bid stalemate

Minerva said: "At the half-year results we stated that discussions announced earlier this year continued to progress. These discussions remain ongoing, otherwise shareholders would have been informed. We are approaching the final stages of these discussions and we will update the market at an appropriate time.

Or as Churchill may have put it:
"This is not the end, it is not even the beginning of the end, but it is perhaps the end of the beginning."

[fig1] 01/5/2011 13:52

another article in todays sunday times...

[supercow] 28/4/2011 15:19

What an interesting 16:00 RNS

[supercow] 26/4/2011 05:45

From the FT:

Walbrook's catch

Minerva, which owns the Walbrook, has gone quiet after the announcement of a bid approach earlier this year. Market sources suggest that the initial offer flushed out several bids – up to four – with strong interest from the US. Bidding is apparently above 100p a share, which does not make the company cheap although much will depend on its banks, given debts of about £900m ($1.48bn). They will want repaying – but how much and when remains to be seen.

- more on FT

[johnv] 12/4/2011 14:26

I do wish they get on with it.

[fireplace22] 12/4/2011 12:08

Heavier trading here than for the last couple of weeks, something leaking out?

[leoneobull] 08/4/2011 14:44

CDC. copper play - worth a look...!

[labond1] 03/4/2011 20:38

From Estates Gazette article 02 April - page 36 heading 'Four in Queue for BoE Expansion' - "The Bank of England has shortlisted four buildings in the City for its 100,00 sq ft search for space to accommodate the former Financial Services Authority. The Prudential Regulation Authority, a successor to the FSA that will be part of the BoE, has shorlisted Minerva's The Walbrook EC4, Land Securities' One New Change EC4, Standard Life Investments' 95 Gresham Street EC2, and IVG's 20 Moorgate EC2 for its requirement. Earlier this year the Bank had instructed Drivas Jonas to source sites close to its iconic Threadneedle Street EC2, home. The Bank is running at near capacity at its 300,000 sq ft HQ, so is unable to support further staff. The FSA in its current form occupies: around 360,000 sq ft at 25 North Colonnade: 80,000 sq ft at 1 Canada Square: and 50,000 sq ft at 25 Bank Street, all E14"

[fireplace22] 22/3/2011 12:28

ak47high, that sounds a bit like wishful thinking but you never know. Anyway the share price trend looks a bit more positive now albeit on low turnover. Takeover/lettings/refinancing - something positive must come soon surely.

[ak47high] 22/3/2011 12:21

Perhaps they are working with a few potential clients to fully let the Walbrook....just trying to get the percentages finalised.

[fireplace22] 22/3/2011 09:11

Do Santander/ING want office space? Do Minerva want to let? Agree on price and lease. Do the deal, whats so difficult?