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.

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