Wednesday, 5 August 2009

Minerva Plc


This is my biggest investment of the year. The share price took off yesterday and is heading north again today. There are two rumours, one that the UAE Limitless group are back with an offer, last year they offered 150p, now the shareprice is 20p. Alternatively, the banking covenants are agreed and one of its main buildings let.

Either way, the look-out for this co is on the up and it is still cheaply priced.

More on LLoyds half-year results later

9 comments:

RM said...

When you say this is your largest investment, is it a long term buy or a short term buy on the news?

James Higham said...

Will you eventually sell or hold it for long term?

CityUnslicker said...

RM, been in it for over 1 year and topped up the whole time. I make that a long-term buy.

JH - All positions of mine get sold sooner of later. usually sooner.

There is still mileage here though, there won't be a take-over for less than 30p.

Richard Elliot said...

Until yesterday, it was kicking around 14p since you mentioned it was your largest investment a couple of weeks ago.

I should have reacted sooner!

roym said...

well ive had a little look too at that. but as a classic long term holder, i need a bit of discipline when it comes to choosing the out. mind you, with bombed out stocks maybe long term isnt so bad. just need to be reassured about management.

CityUnslicker said...

sold most of mine at 24p, 100% up seemed plenty.

Some left for interest to see what happens.

marly aaran said...

Your blog is really nice and unique.I like it so much. Looking forward to going over your web page again. Thanks for sharing.
www.southtyroltravels.com |

Anjli honey said...

I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
revista-amauta.com |

Milla Brain said...

For latest information you have to go to see world-wide-web and on world-wide-web I found this web site as a best website for hottest updates.
http://www.business-rating.org |