Minoan Share Discussion Threads

[boliviana] 01/4/2021 10:06

Now there is some food for thought.

[nick2412] 01/4/2021 09:32

"Investments in tourism with particular focus on mountain, health & wellness as well as spa tourism, gastronomy and diving tourism, port upgrades, beach accessibility "

Ticks quite a few boxes for the proposed Cavo Sidero development

[nick2412] 01/4/2021 09:30

Extract:-

"The Greek tourism sector stands to gain from a total of 57 billion euros in funding out of the country’s national recovery and resilience plan which includes projects, investments and reforms in four key areas and was presented on Wednesday.

Investments in tourism with particular focus on mountain, health & wellness as well as spa tourism, gastronomy and diving tourism, port upgrades, beach accessibility and special training and upskilling programs for employees at tourism enterprises are areas eligible for funding under the national recovery plan, said Alternate Finance Minister Theodore Skylakakis during the official presentation of the plan dubbed “Ellada 2.0”. "

[wi1l] 01/4/2021 09:07

Sky's the limit if it was an offer of shares and their first acquisition.

[nick2412] 01/4/2021 08:54

Assetco does have financial clout with the likes of the Tosca fund and their 12% stake, Gilbert's connections, and of course, they can offer shares rather than cash.

[fireplace22] 01/4/2021 08:38

Aye, we've always had to do that.

[rafboy] 01/4/2021 08:37

We shall have to wait and see what happens.

[fireplace22] 01/4/2021 08:29

rafboy, Add up the directors holdings those of their associates, DAGG and Zachary. They probably have a controlling interest and can do what they like.

[rafboy] 01/4/2021 08:20

Should see more interest from now on if the rumour mill is correct. As for price it has to be between 3p and 5p to have any chance of success I would have thought. May be more, all guesswork at this point.

[fireplace22] 01/4/2021 08:01

They could easily take this over for song with the directors and their cohorts probably already having a controlling stake. Nice jobs for the boys in the new group, and a pay off for CE.

[nick2412] 01/4/2021 07:53

It's a possibility (one of many as waterloo has commented) and good joining of the dots Will. One possibility I guess would be Assetco offering shares to takeover MIN at a valuation that gives a significant premium to the current price.

[rafboy] 01/4/2021 07:32

It has to be more than the current sp!

[wi1l] 01/4/2021 07:26

Well come April 16th I reckon, given the new strategy of AssetCo, given its new chairman will be non other than Martin Gilbert and we all know the connection there, Min fits their criteria to a (golfing)tee and will be the first on their list of acquisitions.

They have access to considerable funds - but how much would they offer..............??

[hugothesecond] 31/3/2021 22:12

Agree with wi1l - I have been saying for some time now - you don’t bet against MG. Suggest taking a small stake in ASTO before the fun starts on 16th April. Maybe MIN would be one of his first asset acquisitions - after all he has had a year to see what MIN could deliver.

[wi1l] 31/3/2021 19:58

Martin Gilbert is to become it's Chairman!!

[waterloo01] 31/3/2021 19:27

W1ll there is so much 'cash' sloshing around the system that they had to invent SPACS and Bidco's! What makes the one you've highlighted stick out?

[wi1l] 31/3/2021 17:42

EXPECTED ADMISSION DATE:

16 April 2021

And which company applies to this:

"where the Directors believe structural shifts have the
potential to deliver exceptional growth opportunities."

And

"This could include strategic acquisitions of undervalued asset and
wealth management businesses which have core capabilities that
play to these structural shifts, and where active management
can unlock value."

Makes you wonder even more...........

[wi1l] 31/3/2021 16:36

I wonder ...........

RNS Number : 1329U

AIM

31 March 2021


ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION
IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM
RULES")

COMPANY NAME:
AssetCo plc
COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY
TRADING ADDRESS (INCLUDING POSTCODES) :
Singleton Court Business Park
Wonastow Road
Monmouth
Monmouthshire
NP25 5JA
COUNTRY OF INCORPORATION:
England and Wales
COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED
BY AIM RULE 26:
www.assetco.com
COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR,
IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING
POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE
TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:
On 8 February 2021, the Board announced its intention to change
the business strategy of the Company to the development of
an asset and wealth management business (the "New Strategy").
The proposed New Strategy will result in a fundamental change
of business and the Company will effect a readmission of its
Ordinary Shares pursuant to AIM Rule 14.

Upon completion of the readmission, the strategy of the Company
will change to the New Strategy of "acquiring, managing and
operating asset and wealth management activities and interests,
together with other related services". The New Strategy will
principally focus on making strategic acquisitions and building
organic activities in areas of the asset and wealth management
sector where the Directors believe structural shifts have the
potential to deliver exceptional growth opportunities. This
could include strategic acquisitions of undervalued asset and
wealth management businesses which have core capabilities that
play to these structural shifts, and where active management
can unlock value.

[waterloo01] 31/3/2021 14:01

Given the size, more likely 7m into a pension and the 700k into an ISA. Nothing like shielding for tax!

[wi1l] 31/3/2021 13:53

Possibly someone tfring their holding into an ISA before 5th April.

[rafboy] 31/3/2021 13:34

Certainly, those 7M trades are a decent size.

[daicaprice] 31/3/2021 13:10

2x7m and 2x700k rolled over? A seller cleared? TR1 on the way?
It should liven up discussion.

DC

[waterloo01] 31/3/2021 11:40

In which case ignore that as things should be clearer in April before the Orthodox Easter (just checked dates and didn't realise it's so much later this year).

[daicaprice] 31/3/2021 11:37

Good point waterloo, that actually takes us into May.

DC

[rafboy] 31/3/2021 11:34

Waterloo, noted.