Nice to see Minerva (LON:MNR) breaking through the 50 day moving average and heading quickly towards the 200 day moving average.
The 20 day moving average and the 50 day moving average have now done a Golden Cross:
Good Volumes of shares on Friday.
MACD giving a BUY signal.
RSI is a BUY and not overbought yet.
The Parabolic SAR has started a new UP TREND.
Should be a good week next week. IMHO
Minerva shares jump on takeover talks
Minerva, owner of two of the City of London's largest new office developments, is in takeover talks with an undisclosed suitor.
http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/8260966/Minerva-shares-jump-on-takeover-talks.html
Invesco Property Income Trust (LON:IPI) May also start to go up as Commercial Property Sector Recovers
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InvesCo Property Income Trust Ltd is a United Kingdom-based closed-ended, investment fund company. The Company’s portfolio consists of three commercial property sectors: office, industrial and retail. Outside of the United Kingdom, InvesCo Property Income Trust Ltd operates in France, Belgium, Spain and Germany. The Company’s subsidiaries include Invesco PIT (Luxembourg) Sarl, Invesco PIT Limited, Cachan France Holding S.A.S, Le Verdun S.C.I., Peach SA, Les Bureaux Diapason S.C.I., Sant-Esteve HLD, Sant Esteve RE SLU, PIT D Lux Sarl, Cachan Lux Sarl, Le Directoire SCI, Les Bureaux Diapason SCI, Combes HLD Sarl and Combes RE Sarl, among other. The Company’s investment manager is Invesco Asset Management Limited. more »
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Minerva (LON:MNR) Article in The Times link:
http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn:MNR.L&it=le&action=detail&id=7662674&prevpost=7658142&nextpost=7663385
Minerva is talk of the town as refinancing looms: Minerva (LON:MNR)
04 February 2011
Read more: http://www.propertyweek.com/news/news-by-sector/finance-and-recovery/minerva-is-talk-of-the-town-as-refinancing-looms/5012796.article#ixzz1DAqvNO7n
propertyweek.com
Under Creative Commons License: Attribution
http://www.propertyweek.com/news/news-by-sector/finance-and-recovery/minerva-is-talk-of-the-town-as-refinancing-looms/5012796.article
"City insiders think nothing is likely to come of the current takeover bid, which has been made by an unnamed investor – Minerva is in constant talks with parties about securing financing for individual projects and assets, and rumours of these talks is thought to have caused the share price to jump."
I understand Minerva (LON:MNR) is releasing news tomorrow. With the current positive mood in the property market this could really fly. Here is the quote I saw:
"We've had news on potential lettings, results due out tomorrow and possible take over in progress and the trading/interest in the shares is negligible. What's going on?"
RNS - Half Yearly Report - Minerva (LON:MNR)
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10794031
Solid - but nothing really new.
NAV up 6.2% in the half year to 140p.
Should ensure that the SP remains fairly steady.
News still to come regarding offer.