Minoan Share Discussion Threads

[microscope] 27/4/2018 08:59

They needed funds because they still effectively won't have any when the travel business is sold. It's really for paying down of debt, not to add to the coffers.The announcement of the sale will doubtless be treated with glee and the deputy sheriff and the usual cohorts lol will no doubt conduct the orchestra and create another very short term rise. But then the company will in effect be a 'land', rather than cash, shell.

[fireplace22] 27/4/2018 08:54

If its ring fenced the sale of the travel business would not generate free cash as such as that will be used to pay off debt related to that business. So any money inputted by the directors for the ongoing ops. would have to be longer term.

You are probably right, just giving them the benefit of doubt, yet again.

[atlantic57] 27/4/2018 08:48

Toolsmoker it is self evident that the current min price is undervaluing the assets .

None of the information in the public domain suggests we are days away from a major cs announcement.

In fact a placing confirms that this is the case.

[scotty1] 27/4/2018 08:45

Fireplace if that be the case why not dip in their own pockets and do an interest free loan to the company for a couple of weeks(they have the cash and hardly any skin in the business) which would have shown investor confidence and probably helped the share price rise instead of drop by nearly 2p,instead of a 25% discounted placing.

[fireplace22] 27/4/2018 08:39

Perhaps the two items are ring fenced, the sale of the travel business is essentially closed and just awaiting final sign off and announcement, the placing for working cap is (obviously)for the ongoing development business?

[scotty1] 27/4/2018 08:25

Why have a placing y'day if they are only a couple of weeks away from a deal?back up your posts with why you think it'll be mid May.

[toolsmoker] 27/4/2018 08:23

I bought in yesterday at 6.2p Scotty so no .I believe mid May deal will be done and 10p plus here

[scotty1] 27/4/2018 07:51

Toolsmoker
we all know MIN is undervalued but it will only rise if the BOD get the right deals with little dilution and the way things are going they'll dilute the company into oblivion.

[scotty1] 27/4/2018 07:47

Toolsmoker you have obviously just bought in and perhaps on the spike up,now your are underwater and trying to ramp the share price up with posts you cannot back up,try not to be so obvious.

[sandcrab2] 27/4/2018 07:34

Toolsmaker filtered

Not in the mood for this kind of mindless ramping atm

[toolsmoker] 27/4/2018 07:28

Back closer to 7p today or Monday

[atlantic57] 27/4/2018 07:27

Historically brokers ahead of a placing have been known to get their clients to purchase shares ahead of a placing and then get them to sell on the day theplacing is announced.

I don't know if that happened here but the price action will be interesting .

The price targets will keep moving with the passing of time.

[value hound] 27/4/2018 07:27

Honestly scotty1; such cynicism has no place on this thread :-)

- and right after a placing too.

[scotty1] 27/4/2018 07:15

Would feel better if it was a independent research note and not someone who holds an interest in shares.Smacks of desperation to me,just get the right deals done,that's all it takes.

DISCLAIMER
Minoan Group (MIN) is a research client of Align Research. Align Research holds an interest in the shares of MIN.

[value hound] 27/4/2018 07:06

www.alignresearch.co.uk/cpt-company/minoan-group/

"Our conservative valuation suggests an upside of more than 197%. Peer comparisons provide a conservative valuation. We initiate coverage of Minoan Group with a target price of 18.6p and Conviction Buy stance."

... which would be nice! Personally, I'd settle for 12p for half my shares.

[microscope] 26/4/2018 22:15

New broker, new poster. I do love these coincidences. 'Smoke' - and mirrors :)

PS; only joking... I think ;)

[atlantic57] 26/4/2018 21:56

Scotty you have been a good source reliable data over many years on this one...

[daicaprice] 26/4/2018 21:41

Agree scotty, they were asked if they wanted to take part in a 6p fundraiser as existing shareholders, they said Yes put dosh up front and dripped their current holding shares into the market around 7.5p.
I am not one I may add even though I use WHI as my phone up brokers and have £70k with them, not all MIN of course.

DC

[scotty1] 26/4/2018 20:18

atlantic if anything they would have already forward sold knowing they would get them cheaper in the placing.No disrespect toolsmoker but do you actually know how the markets work?also unless you can back up your so called sources i will stick with what facts i personally know.

[atlantic57] 26/4/2018 20:06

Toolsmoker not clear on your comments.
Surely those who took part in the placing
Won’t own the shares till May.

[arthur_lame_stocks] 26/4/2018 18:43

I wonder if i'll ever be in profit here again. Ho hum.

[toolsmoker] 26/4/2018 18:03

This sale will be done by mid May hearing top end 7 mill to min. Look like most the weak placing holders sold today should move back towards 10p over next few weeks .happy to add and hold here

[justjill] 26/4/2018 17:04

The same argument could have been made more more strongly at Christmas when they made a complete shambles of things....still, doesn't answer the question.

However, surely there can't be a problem with the T+L sale....especially when there was clear recent evidence of strong performance.

Perhaps too, the signature of partner in Crete is waiting on the signature for the T+L sale, as maybe they want a "clean" investment with MIN.

As a side issue, this sort of thing just shows how meaningless the investor shows are. I mean did anyone get any inkling of this when they talked to MIN Reps at investor show? No, of course not, cos MIN couldn't say. Peeps might have bought on what they heard, yet here we are just a few days later in the big drop zone!