Minoan Share Discussion Threads

[hugothesecond] 12/1/2021 15:57

As I said a few days ago why would MG work with MIN if all he does is provide a loan - that's not his style - he is a deal maker.

[waterloo01] 12/1/2021 14:18

Yes. Guess the broker has a line to sell though as the buys aren't moving the price. Maybe when the seller is cleared.

Hopefully they will get Gilbert a bit more front and centre when it comes to any deal making. Man with the golden touch and a good reputation. Not always bedfellows

[daicaprice] 12/1/2021 14:14

Bit more interest at these bargain prices today.

DC

[wi1l] 11/1/2021 16:42

Just in case anyone is interested:

Mon, 11th Jan 2021 07:00

RNS Number : 1555L
AssetCo PLC
11 January 2021

11 January 2021



AssetCo plc

("AssetCo" or the "Company")



Martin Gilbert and concert party acquire a 29.8% shareholding

Intention for Martin Gilbert and Peter McKellar to join the Board of AssetCo



AssetCo plc announces that Martin Gilbert, Peter McKellar, various associates and funds managed by Toscafund Asset Management, a multi asset fund manager, (together, the "Investor Group") have, in aggregate, acquired a minority stake of 29.8% of the issued share capital of the Company at 475 pence per share, which is approximately the estimated net asset value per share, from a number of institutional shareholders and the Board. Below is a table showing the resultant holding of Harwood Capital Management (by virtue of its association with Christopher Mills), Cadoc Limited (by virtue of its association with Tudor Davies) and members of the concert party.

Share price leapt to £8

[fireplace22] 10/1/2021 12:34

Word on the street is that he's headhunted Christopher Egleton as his new right hand man in charge of property development. :-)

[wi1l] 10/1/2021 12:03

Christopher Mills, the Harwood Capital Management founder holds a big stake in the cash shell it is said that former ICAP chief Lord Spencer and Toscafund Asset Management, which Mr Gilbert chairs, are considering backing the venture.

AssetCo announced on Friday it had bought a 2.9% stake in asset manager and consultancy River & Mercantile which Mr Gilbert joined as deputy chairman last week.

He is also chairman of Revolut, the digital bank, is a non-executive director at Glencore, the mining and commodities trading group, and recently joined the board of Saranac Partners, wealth management firm.

[wi1l] 10/1/2021 11:52

I wonder where this company fits in in the grand scheme of things!!

"Martin Gilbert, the veteran fund management boss, is joining forces with a group of City grandees and former Aberdeen Asset Management colleagues to spearhead a fresh wave of deal-making activity across the sector.

Sky News has learnt that Mr Gilbert, who stepped down from the helm of Standard Life Aberdeen last year, will next week take a roughly 10% stake in AssetCo, a London-listed cash shell, paving the way for it to become his main corporate vehicle.

Mr Gilbert will also join the AssetCo board in an executive role and intends to use it to build a new platform across asset management and broader financial services, according to people briefed on his plans.

Sources said he had lined up erstwhile colleagues including Peter McKellar, Aberdeen Standard Investments' former global head of private markets, and Gordon Neilly, Aberdeen's former global strategy chief, as investors in AssetCo.

AssetCo is best-known as the listed fire engine leasing group which successfully sued its former auditor, Grant Thornton, for more than £20m over its failure to expose a fraud at the company.


Mr Gilbert is understood to have decided to use it as his corporate vehicle following discussions with Christopher Mills, the Harwood Capital Management founder who holds a big stake in the cash shell.


Heavyweight City names including the former ICAP chief Lord Spencer and Toscafund Asset Management - which Mr Gilbert also chairs - are said to be considering backing his second act as an asset management entrepreneur."

[waterloo01] 10/1/2021 09:12

Martin Gilbert of front page of business section ST. 'Veteran fund manager' to take 10% stake in a listed company and use it as an acquisition vehicle' Gilbert is said to be planning to use it to carry out deals and consolidate fund management sector'

Having Gilbert on-board will give negotiations a real boost, once they get moving in earnest.

[wi1l] 09/1/2021 08:57

The 109-bln-euro investment fund sweeping Greek companies



When in 2017 the US investment group CVC Capital Partners first appeared in the Greek market, no one had imagined that three years later it would be one of the largest foreign investors in the country in an array of industries.

[wi1l] 09/1/2021 08:14

Agreed DC, its happened a couple of times before however in those cases all the buys that happened in the day were matched by a sale close to or after close of play. Interestingly in this case the buys totalled 1,529,570 and they only matched max 1,010,645 which suggests to me (possibly)the matchmaking is over and seller sold all he wants to for now. I may be wrong though, we shall see the next bout of buying whether they hold the price down or move it sharply up.
However, whoever it is buying is pretty shrewd iMV, good at the patience game and only buying as and when the price drops. But I don't reckon its any more than that - even though deals are a plenty already in Greece,early in the New Year to this crowd of fuddyduddies is mid June if at all!!

[daicaprice] 08/1/2021 22:11

I think certainly the 850k was being worked from 12.28pm onwards, the 2nd sometime after as buys increased.
An update of any description is needed and let the market decide what is left to divi up.

DC

[hugothesecond] 08/1/2021 17:48

Could the two large trades at 1.10 be late / delayed notifications from lunchtime hence the major fall at that time ?

[hugothesecond] 08/1/2021 16:25

something is going on here and expect news shortly as we were told early in the new year once the greeks are back in work.

[hugothesecond] 06/1/2021 21:10

How about this for a thought ?
MG takes over as our leader from CE at the end of the FY.

[wi1l] 06/1/2021 10:15

Wondered where we were going wrong Scotty!

The age bracket that the Chairman and current BoD are in doesn't fill me with any form of confidence. Their actions FWIW don't either and as for their words, well don't start me on that!

Martin Gilbert seems to be on a different level though. Oh but he isn't on the BoD - I wonder why not as everywhere else his reputation is second to none and they fall over themselves to have him as a director at the very least. And yet here.........(yet another opportunity lost).

[waterloo01] 06/1/2021 08:17

River and Mercantile Group PLC (RMG) announces that Martin Gilbert has today joined the Board as Deputy Chairman. Martin will bring to RMG his substantial experience and knowledge of the asset management sector. He is currently Chairman of Revolut Limited and Senior Independent Director at Glencore plc, as well as Chairman of Toscafund. However, he is probably best known as a co-founder and then Chief Executive of Aberdeen Asset Management plc which became one of the world's leading independent asset managers under his leadership.

[scotty1] 06/1/2021 07:23

What you are proving wi1l is that the BoDs are more than useless at pulling a deal off.

[wi1l] 06/1/2021 07:17

Its happening all around us, everywhere apart from NE Crete!

VIP Exclusive Tourism Club on Skorpios Isle Gets Green Light



A multi-million-euro luxury project to go up on the Greek islet of Skorpios, located off the Ionian island of Lefkada, is set to become the playground of the rich and famous after Greek authorities approved the investment with a joint ministerial decision.

The 55-page decision signed last week sets out the terms and conditions of the VIP Exclusive Club budgeted at 165 million euros, which will include VIP suites and villas, swimming pools, sports facilities, an artificial lake, a spa center, leisure spaces, horse stables, amphitheater, screening venue, restaurants, and an extended marina for mega yachts, among others.

[wi1l] 06/1/2021 06:56

Lamda Development eyes two out of six high-rise towers at Helleniko site in Athens



At the same time, Lamda Development has concluded an agreement with the Temes group, advertised at 300 million euros, for the construction and management of two luxury hotels at the coastal site, along with an upscale residential complex. The agreement was reached during direct talks between the two sides. Temes manages the Costa Navarino resort in extreme southwest Greece, considered as among the best all-inclusive holiday complexes in the country.

If Lamda can do it in these difficult times then so can this company!!

[wi1l] 06/1/2021 06:43

Thanks DC, I thought the same. Not suggesting anything was wrong with it just seemed a bit odd although one of the six seems to be trading without any shares to actually trade.Trading on thin ice IMV if that were the case but backs up my uneducated theory there isn't many in circulation and they are now struggling to meet demand.

[daicaprice] 06/1/2021 00:00

My guess is a broker to broker trade, one was holding stock and one was short so basically a matching trade.

DC

[wi1l] 05/1/2021 18:43

What does anyone make of the 551,857 sell (?) at 1.17p 4.20pm. It matches exactly with the number of shares bought today at 1.18p. Seen it happen before, looks as though an mm is selling shares that he buys late afternoon matching the amount the mm has sold during the day - if that makes any sense??

[fireplace22] 05/1/2021 12:40

Best advice I've ever received was from yorgi when he told be to sell up due to my incessant negativity, pity I didn't take it, that cash would now be worth a multiple today in some of my resource stocks.

[boliviana] 05/1/2021 12:32

If news hasn't been released by Q2 Paraguay I might be doing the same but I am expecting it will be.