Minerva Share Discussion Threads

[dovegang] 29/6/2011 14:54

This bid seems too cheap, I'll be amazed if there isn't a better offer.

[sami69] 29/6/2011 12:55

Calling Baldy...

Where are you? Where is Kifin?

[sidarthur2] 29/6/2011 09:54

surely any counterbid would have been received by now?

wouldn't it!!??

[kibes] 29/6/2011 09:17

Just sold a few at 121p. Seems a shame not to bank something as even now the offer could still fall through.

[n0rbie] 29/6/2011 08:49

Share price above offer price. Buyers speculating that there might be a counterbid?

[fireplace22] 29/6/2011 08:40

Judging by the small number of trades (sales) it doesn't appear that holders think that this is the end of the road.

[ak47high] 29/6/2011 08:27

I see the mm's robbed someone for 123.675p.....lol

[n0rbie] 29/6/2011 08:19

IMO the Minerva board of directors has failed its shareholders.

They have made no progress in securing a single letting in the last 18 months.

KiFin was right and the board should have gone. It is now likely to sell for a paltry 120.5p due to the board arguably not creating any shareholder value at all in the last 18 months.

Commenting on the Offer, Mr Oliver Whitehead, the Chairman of Minerva said:

"Having received an initial approach we have conducted an extensive auction process over the past few months and the Board has concluded that the Offer is the most attractive proposal and provides certain value for Minerva Shareholders. The Board has therefore decided to recommend the Offer to Minerva Shareholders, taking into account the risks, rewards and timescales associated with realisation of value from Minerva's assets."

[fireplace22] 26/6/2011 10:44

Hells bells sid I thought someone was actually bringing some news to the thread.

[johnv] 21/6/2011 16:23

Whats going on ere, trying to push up. Perhaps news leaking out.

[sami69] 15/6/2011 09:59

HBK Master fund keep on adding everyday to their CFD... must be confident of share price increase?

[fireplace22] 15/6/2011 09:26

Precise yes. Accurate, unfortunately no. Well not the one re Kirsh. Yet.

[bisiboy] 15/6/2011 09:18

perhaps he has got into bother with his posts
they were a bit precise!

[sami69] 14/6/2011 12:17

gone to get that extra 10p from Krish?

[ak47high] 14/6/2011 10:59

sami69 - Baldeagle has flown the nest.....

[fireplace22] 14/6/2011 09:17

Perhaps you are right about the T&C's but unless it really is desperation time why support such a relatively poor offer (to NAV) at this stage, with the principal assets hopefully about to become cash generative and NAV's in the sector generally on the increase. They should be fighting for independence unless they have really exceeded their level of competence.

[ianio5691] 14/6/2011 09:06

Are those not just the standard T&C's that are included in any offer?

Agree that the board could do a lot more here though. Shame they are not being as pro-active as when Kirsh made his offer....or not been as pro-active about enticing tennants.

[fireplace22] 14/6/2011 08:45

Below is a paragraph taken from the recent potential offer RNS. It begs the question is this board working in the best interest of its shareholders or the bidder?


In return, Minerva has agreed, amongst other things, that:

-- subject to certain limited exceptions, it will not solicit, encourage, initiate, negotiate, discuss or otherwise seek to procure the submission of any competing proposal which is reasonably likely to lead to an offer to acquire the Company and it will notify Bidco in the event that it receives any competing proposal;

[sami69] 14/6/2011 07:25

Earth to Baldeagle - any 'bald' predictions with your 'eagle' eye?

[ianio5691] 10/6/2011 21:33

Wow......great video AK......shows what a great building this really is. What a shame the BOD aren't quite as dynamic...!!!

[ak47high] 10/6/2011 21:16

If only.......

[dr knowledge] 10/6/2011 13:09

I've hedged my bets and exited all positions here last few days - been a long and great journey from 14p and occasionally highly amusing (does anyone remember the jolly sailor Capt blackbeard (aka 10009490 or something!!?)and his various sinking ships - amazing entertainment now being enjoyed by the PDX crew (God bless 'em all me hearties!).

Good luck to all who held (and hold now), she may yet spring a surprise or two, but pastures new beckon! ;-)

[sami69] 10/6/2011 08:53

come on Baldy - tell Krish to get a move on...