Minoan Share Discussion Threads

[wi1l] 14/5/2021 10:58

Looks as though someone's had a 250K nibble. Buys being shown as sells atm.

[daicaprice] 14/5/2021 10:10

A few people been messaging me wanting more info on Min, let’s see if they dip a toe in.

DC

[hugothesecond] 14/5/2021 09:34

We could be swallowed up by AssetCo with a generous share swap for MG.

[wi1l] 14/5/2021 07:45

Martin Gilbert doesn't let the grass grow under his feet for long!

And where are we?

RNS Number : 6002Y

AssetCo PLC

14 May 2021

AssetCo plc

("AssetCo" or the "Company")

Conditional acquisition of Saracen Fund Managers Limited

Following the readmission of the Company to AIM on 16 April 2020, the Company is pleased to announce that it has reached agreement to acquire the entire issued share capital of Saracen Fund Managers Limited ("Saracen") (the "Acquisition") for an effective total consideration of GBP2.75 million (the "Consideration"). The Consideration will be satisfied by the issue of 166,904 new ordinary shares of 10p each in the Company, fully paid (the "Consideration Shares") and GBP664,774 in cash, in each case to be paid on completion.

The Acquisition is conditional on, inter alia, approval by the FCA to the change of controller and the admission of the Consideration Shares to trading on AIM, which is expected to occur by the end of September 2021. The Company will provide further updates as appropriate.

Following completion of the Acquisition, Saracen will continue to operate from Edinburgh under the Saracen brand. Martin Gilbert and Peter McKellar, Directors of AssetCo, will join the board of Saracen on completion.

[nobbygnome] 12/5/2021 09:43

Not many shares offered this morning, a lot less than yesterday. Hmmm......more MM games or is it the real position?!?

[wi1l] 12/5/2021 08:40

On the subject of the loan:

"I am also pleased to report that discussions with our debt provider regarding a rearrangement of the existing terms have commenced and a standstill has been agreed for a period of thirteen months pending the outcome of those discussions."

Not sure I understand the bit about the standstill period of thirteen months - thirteen months from when exactly??

[daicaprice] 11/5/2021 12:51

Totally agree with your 1,2 and 3 microscope and in that order, first bit of news should hopefully be by end of the month.

DC

[microscope] 11/5/2021 12:20

In my view, price will only properly recover if 1) Terms of any renegotiated loan with Gilbert are particularly favourable.2) Revised terms and conditions with the Foundation are also positive.3) Partners and levels of investment are confirmed.Probably in that order.Until then any spikes likely to be sold into pretty sharpish imho and there are likely to be further placings, and conceivably an open offer to shareholders.

[wi1l] 11/5/2021 07:31

Besides, the market needs both and over the last few months any selling has been soaked up by buys IMV.

[daicaprice] 10/5/2021 20:30

That’s the seller finally out in my book, nice buy at the end to mop up the spillage.
Now we just need the first bit of progress news.

DC

[nobbygnome] 10/5/2021 19:06

The 953k must be a buy. However, there must be further big sells to come...

[dave4545] 10/5/2021 18:17

Big 2,670,455 trade at 1.16p from Friday.

Must be the sellers although it was 1.16p offer for a while last week.

953k showing at 1.228 well after the close too.

Lets see what happens tomorrow rather than second guess all these trades

[rafboy] 10/5/2021 14:45

We still have a few sellers which doesn’t help things along.

[dave4545] 10/5/2021 13:29

ha ha how many times do we think the overhang has gone then the mm's sell another 1-2 million

Bet the real amount is 20 million sigh

[nobbygnome] 10/5/2021 11:54

Max buy amount now is 260k; anything above that is no online offer. I have the distinct feeling that very shortly this is about to bounce sharply when the availability of shares finally runs out. The buying interest is there again....

[rafboy] 10/5/2021 11:52

It’s good to see the buying from Friday continue. Hopefully, it’s all up from here on in.

[nobbygnome] 10/5/2021 11:47

The amount offered changed markedly after that £4K buy. You now can't buy any volume.

[nobbygnome] 10/5/2021 10:31

Yes online switched back on now. Curious goings on. It is still 1.245 for any volume.

[daicaprice] 10/5/2021 10:25

I can buy over 200k @1.23p with HL.

DC

[nobbygnome] 10/5/2021 10:19

The way the MMs are acting you have to expect a large delayed buy has been filled. Can't even buy 1k online....

[daicaprice] 10/5/2021 10:13

I took another 100k.

DC

[nobbygnome] 10/5/2021 10:13

Suddenly nothing offered although also little bid for either. Very curious but must be positive that currently they don't want to offer any online.

[daicaprice] 10/5/2021 09:15

Still can’t sell any so they’ve plenty of stock it seems.

DC

[rafboy] 10/5/2021 09:02

Yes good to see some buying here.