Minoan Share Discussion Threads

[aimdetective] 27/10/2021 21:46

Did you sell PJ?

[pj 1] 27/10/2021 21:06

daicaprice27 Oct '21 - 12:18 - 17869 of 17877
0 2 0
Nice to see a bit of volume and confidence returning, I think we are in for a positive period finally, loan conversion I’d see as positive even with the dilution and the bill passing could be the absolute game changer with suitors driving deals and CE having to keep pace.

DC
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''Confidence returning'' when its close to all time lows and in a decades long down trend?

You really couldn't make this sh*t up

How can a well past retirement age Executive Chairman who has delivered nothing to shareholders in over 20 years ''keep pace''?

I can't believe what I'm reading here.....

I look forward to your intelligent reponses.

[aimdetective] 27/10/2021 20:17

Still feeling very positive. Seeing the volume back today was the most important thing for me. We need some news to get motoring!

[daicaprice] 27/10/2021 19:59

I can only answer for me ct, I’m not dying to get out at all, I’m a little frustrated that I fully invested under .9p and couldn’t take advantage of the latest bargains.
I personally am still very much confident of a happy time ahead.

DC

[clocktower] 27/10/2021 16:23

Sadly it seems to have run out of steam once again. Mine was just a punt but some of you must be up to your necks in this. Dying to get out I suspect in some cases.

[aimdetective] 27/10/2021 16:22

Volume is looking much better today that what we've seen. Two trading days left in October, news due?

[microscope] 27/10/2021 14:06

Nice to see some positivity! Somewhat tongue in cheek, (mischievous?) I have this image of CE pacing the office in recent weeks, worrying about the loan and the law, quoting Mr Micawber, (a la Captain Mainwaring for those with long memories....) 'Something will turn up'. :)And it has (the shareprice!). Unfortunately the delay to development law also gives him the chance to say little (again!) about 'potential investors', when announcing hopefully the loan rollover.Then, if so he's got the set, shareprice, rollover and another excuse!Some people just seem to land on their feet every time.... :)

[atlantic57] 27/10/2021 13:32

I just did a dummy sale of 500000 and was offered 0.925

[rafboy] 27/10/2021 13:05

About time the bid moved up.

[clocktower] 27/10/2021 12:33

Fingers crossed but without news that is all I am doing but at least it is looking positive today and I am delighted to see the confidence return.

[daicaprice] 27/10/2021 12:18

Nice to see a bit of volume and confidence returning, I think we are in for a positive period finally, loan conversion I’d see as positive even with the dilution and the bill passing could be the absolute game changer with suitors driving deals and CE having to keep pace.

DC

[aimdetective] 27/10/2021 11:56

Have bought some more @0.93 to take to me a nice even number. Great posts Waterloo, thank you.

[waterloo01] 27/10/2021 11:17

Shows that Greece generally has become a destination for growth capital.


Foreign Investors Scooping Up Greek Businesses During Pandemic

ATHENS -- Even the lingering COVID-19 pandemic isn’t slowing interest by foreign companies in acquiring Greek businesses and having a presence in the country whose stock is rising in sectors from hotel to technology and tourism.

So far in 2021, despite a previous lockdown and worries about the Coronavirus still not being put under control, there have been deals estimated to be at least 5.5 billion euros ($6.39 billion) said Kathimerini.

The most recent example was the takeover of 80 branches of Greek sportswear company Cosmos Sport by British group JD Sports, one of the world leaders in this market, the paper noted.

That brought another worldwide figure into Greece, investors attracted not just by the market but by a workforce that is skilled, especially in technology and a range of other fields.

In most cases takeovers have taken place at a cost several times higher than the operating profits (EBITDA) of the companies purchased, the report said, pointing to the potato chip and food company Chipita being acquired by the Chicago-based conglomerate Mondelez.

What multinationals and large foreign funds apparently look for in Greece is companies with a solid base and capital gains, not those on the edge that had been favored previously by distress funds looking to make a killing, even at the cost of the company acquired being taken apart..

Before Chipita’s $2 billion takeover by Mondelez, the food sector also saw the acquisition of Vivartia, which has Goody’s Burgers among its portfolio, by the CVC Capital Partners fund in Luxembourg for 175 million euros ($203.15 million), and assuming 620 million euros ($720 million) in debt.

CVC also obtained a 70 percent stake in the major Greek dairy industry Dodoni at about 10 times its EBITDA and signed an agreement for the acquisition of 90.01 percent of Ethniki, Greece’s biggest insurer, for only 505 million euros ($586.23 million) the report added.

Another fund, BC Partners from London taking over the mobile phone and communications company Wind Hellas at an estimated price of 970 million ($1.126 billion) following its takeover of Nova/Forthnet in 2020.

That came after divesting from Pharmathen, the pharmaceuticals company it bought in 2015, selling it to Partners Group for $1.6 billion.

[nobbygnome] 27/10/2021 10:58

0.93 is now the best offer....

[knigel] 27/10/2021 10:50

Maybe it’s news on the debt facility due for repayment on 31 October? Rolled over again?

[rafboy] 27/10/2021 10:47

You may be being a bit unfair there. The Development Law should not be far away and I would think the company have not been idle whilst they wait.

[clocktower] 27/10/2021 10:44

It seems to me that they might be trying to pump the share price for another run up. Roll it on.

[nobbygnome] 27/10/2021 10:35

Just moved Cantors off the offer by buying 50k. Has to go fill or kill and it was all I could get. Looking interesting....

[rafboy] 27/10/2021 10:33

A move up, good to see.

[waterloo01] 27/10/2021 09:41

Interesting turn around. Can't buy any over 50k but can sell over 1m at .87 online

[nobbygnome] 27/10/2021 09:34

So they have marked down the offer this morning but I can't get a quote to buy even 5k on line. Smoke and mirrors as always....

[microscope] 26/10/2021 21:58

It's all a bit frustrating - and confusing. The shareholder list was interesting WI1l, and the Aberdeen mention intriguing. And I'd imagine one or two of you might be represented on it :).Nevertheless there's obviously someone out there trying to sell a large quantity, as the shareprice movement makes abundantly clear. The bid doesn't drop daily despite buys without a reason.My guess is that Silja want shot of the 25 million they got at par, but that's only because it's closer to the current price than anyone else is likely to be with a substantial amount.In my opinion CE is absolutely duty bound to comment by this Friday, or first thing Monday morning at a real stretch.And that should finally clarify the whole situation.

[atlantic57] 26/10/2021 17:51

Will the market makers have a consistent policy of marking the share price down.

If Gilbert does come on board as a shareholder and particularly if he became a director or ceo that would really move the price up.

Maybe some of the asset companies shareholders might consider min in these circumstances.

[wi1l] 26/10/2021 17:29

Keep believing!!

River and Mercantile Group PLC

26 October 2021

River and Mercantile Group PLC

("RMG" or the "Company"[1])

Proposed Sale of River and Mercantile's Solutions business[2] to Schroders for GBP230 million.

-- Sales price represents a premium of 28.2% over RMG's undisturbed market capitalisation on 9 August 2021, the day prior to the announcement by RMG that it had received a number of expressions of interest in Solutions

Share price now £2.80 (approx)

On 8/1/21 - AssetCo plc announces that it has acquired a 2.9% shareholding of 2,500,000 ordinary shares in River and Mercantile Group Plc (the "Investment"), an asset management business, at GBP1.86 per share representing a premium of 1.2 per cent to the closing share price of 183.75 on 7 January 2021, the last practical date prior to this announcement. The Investment totalling GBP4.7m is being paid out of cash.

On 8/2/21 - AssetCo plc announces that on 5 February it acquired an additional 2,500,000 ordinary shares in River and Mercantile Group Plc (the "Investment"), an asset management business, at GBP2.28 per share representing a premium of 2.2 per cent to the closing share price of GBP2.23 on 4 February 2021, the last practical date prior to the Investment. The consideration for the Investment totalling GBP5.7 million is being paid out of cash. AssetCo now holds in aggregate 5,000,000 ordinary shares in River and Mercantile Group Plc representing 5.85 per cent of the issued share capital of River and Mercantile Group Plc.

[wi1l] 26/10/2021 16:44

Misleading or what?

Per advfn Bought Nil
Sold 540,661
Other 285,000

Should read:
Bought 594,612
Sold 231,049
Other Nil