Minoan Share Discussion Threads

[atlantic57] 21/6/2018 07:15

Well I guess the rns will be on the 29 June.
I have my own theory on what is going on behind the scenes and the likely announcement.

The Board of Minoan are in a league of the own for competence.
You can make excuses for doing business in Greece.

However to open negotiations for a piddling travel division and 6 months later be unable to update shareholders is laughable.You may as well put my 3 year old grandson on the board.

[atlantic57] 20/6/2018 21:25

We can speculate and will have a view as to what is going on.However we dont need to because the bod have to make an rns announcement in the next few days before the end of june.

So whatever our theories all will be revealed shortly.

[wi1l] 20/6/2018 16:58

Wondering what say N Day and P Raby ( significant shareholders in Min and directors of Loyalward )have in the CS project. Always reckoned their involvement would ensure that the value of that project would eventually surface, as being directors AND significant shareholders they would look after other Pi interest because they would be looking after their own interests (if that makes sense).

IMHO the time the T&L sale has gone on has just pushed the CS project very much into the background when it should be very much at the front end of the business and pushed for all its worth. I share everyones frustration on that.

But at the end of the day (dare I say it) nothing has changed today, not a negative RNS nor any bad news arriving so, until that arrives, there's still ALL to play for.

[fireplace22] 20/6/2018 16:15

Perhaps, but to be a significant player in CS they'd need deep pockets anyway £5-6M debt plus a secondary asset of similar value appears not to be that onerous. In effect they'd just be paying for CS. We'll no doubt find something out within the next few days.

[glibgibon] 20/6/2018 15:56

Maybe they have their own shareholders who do not want to take on a company that has debt. Selling the Travel side will get rid of the debt and leave just the value of CS to get to grips with. Minoan cannot sell the project (or the majority) to another party, but another party could purchase Minoan and as long as they then kept the Minoan name, this I believe would meet the terms of the agreement with the Church. It would still be Minoan running the project and it is just the owners of Minoan that have changed.

This would be my best case scenario and there is no evidence or rumours that this is even being entertained.

[fireplace22] 20/6/2018 15:35

Why doesn't one of the interested parties in CS just bid for the lot, they could easily dispose of the travel side. Who would want to be in partnership with this lot anyway, just the thought of that must scare of a lot of potential developers away.

[scotty1] 20/6/2018 15:26

Mind you justjill in all fairness they did have a few lined up for the CS project many years ago but of course with all the Greek hold ups which was of no fault of the BoDs they have probably fallen through long ago.

[scotty1] 20/6/2018 15:16

Justjill,they did try to develop the company in other ways,let's see they tried the solar energy route in Greece hmmmm, don't recall what happened to that venture,they tried putting kiosks in post offices for the travel side,that didn't work out either,Think I may be invested in the wrong company here 😋

[justjill] 20/6/2018 15:06

I agree Scotty, AND WOULD BUY AT THESE LOW LEVELS knowing there is a good profit down the road if I had funds. Problem is like so many others - including you - I've held these for a good few years now at higher prices and just thoroughly tired of waiting for the BoD to drive the company forward and realise the value which would make us all a lot happier and content.

(And we all acknowledge Greece's BIG part in our frustration...and a number of other stock market impact events. But even during all of that you were more likely to get informed and accurate information on the company from the Beano! Meanwhile they could have tried to develop the company in other ways too I think - including sorting long term funding.)

[scotty1] 20/6/2018 14:42

Justjill 😀 on a serious note I still believe there's money to be made here,the only trouble is if they do extend again and there is a cash call any credibility will again vanish and and rises will more than likely be sold into,to stop that happening after the travel sale goes through I reckon/ hope CE will step down and let someone with more credibility take the helm.

[justjill] 20/6/2018 14:36

LOL Scotty. Don't they have ones that can attach to zimmers, just like they do to wheelchairs? :)

[scotty1] 20/6/2018 14:27

Justjill how the 'ell can they push shopping trollys their Zimmers would be in the way 🤔

[justjill] 20/6/2018 14:22

Realistically though, any begging bowl would have to carry a min 6p label....given recent and Christmas? (I know that it doesn't have to be that way!)

...anyway maybe just a few more getting tired....maybe our own negativity on here doesn't help settle nerves! :) So the BoD couldn't drive a shopping trolly forward - WTF! lol

[hugothesecond] 20/6/2018 14:11

Looks like someone knows about a cash call.

[pj 1] 20/6/2018 14:04

That's a little support level gone from March, unless it bounces.

Not looking good at all chart wise.

[scotty1] 20/6/2018 14:00

Hope I'm wrong but it's looking more and more like it's going to be another loan extension and cash call RNS.
Happy to be proved wrong you BoDs..

[scotty1] 20/6/2018 13:42

No I didn't

[pj 1] 20/6/2018 12:03

Not in CS their not !!!

[colinzeal] 20/6/2018 11:22

No chance of that - they're probably on the golf course today Scotty.

[scotty1] 20/6/2018 10:40

Bet they don't put that post on twitter 😁

[scotty1] 20/6/2018 10:25

Well they only have 7 working days to come out with something other than a loan extension and another placing RNS to facilitate their more than comfortable lifestyle,CE and BC people can only stay positive for so long and you are once again in my case pushing my limits and you are just proving you are just happy to let things plod along whilst ever you are getting you ott remuneration.I think all AIM Bods ought to be on minimum wages until they have proved themselves,they might get things done quicker then.So prove me wrong and get that ferking RNS out.

[pj 1] 20/6/2018 10:07

In agreement with waterloo, it needs a proactive major shareholder(s) to get involved, or appoint a NED with the clout to issue an informative and honest update to the Market.

[justjill] 20/6/2018 09:24

Well I'm not sure shambles is the word Colin - but I think we, as so many others, are on "the same page"! :)

Our management just seem to lack a pro-active drive/focus/energy.

I'm not an expert on the contract details of the development, but I think the company can't offload 100% without agreement of the monastery. Maybe there is a method in the madness, as the monks know nothing will happen while MIN management are in control! :)

[colinzeal] 20/6/2018 08:59

Absolute shambles isn't it?

[justjill] 20/6/2018 08:28

We hadn't even reached the shortest day in the year last year when they told us that "....an indicative proposal has been received" for the T+L bizz. (20 Dec following the mega-botched fundraise failure)

They still can't tell us when this will be put to bed, yet tomorrow is the longest day of the year for this year.

Mind you, most days in the year have felt like the "longest" since I have held this stock. :( !!!!!!!!!!!!!!