I had Minerva from last year in a small way, figuring it was very oversold and that Kifin, a South African stake builder, might bid. I held in April through the stock market collapse and topped up. Over the summer through the boom it became my largest investment. Then I sold and re-bought as the price started to move on the refinane news.
Today a bid has finally come in from Kifin for 50p a share, my average is now 22p, up from a low of 10p. Still not bad. There is a strong chance this bid won't be accepted as it is really still a cheeky offer for a company with reasonable prospects.
In many ways it will be a shame to book the money on the deal, for as much as there is satisfaction in having made a good choice, it is always fun to run with a share where you know what is going to happen next and how to buy and sell the peaks/dips. Still with an increased bid I will be most satisfied.
Hope some of you have followed this story closely, as most of the time I tipped it the shareprice was under 15 - so should be 300%+ gain in 6 months.