Share Name Share Symbol Market Type Share ISIN Share Description
Minoan LSE:MIN London Ordinary Share GB0008497975 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 3.425p 3.20p 3.65p 3.425p 3.425p 3.425p 136,000 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 0.0 -2.5 -1.2 - 7.80

Minoan Share Discussion Threads

Showing 16451 to 16473 of 16475 messages
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DateSubjectAuthorDiscuss
22/10/2018
18:49
‘The Board is full of Chartered Accountants’ Is that a good thing?They have spent £50m of shareholder cash and the share price has fallen by 95 plus pc.Thats amazing performance. The only thing these guys are good at adding up is their overblown remuneration packages. This company needs a dealmaker-not bean counters. Some have moved to a position where the travel co was ‘in the way’ of a Crete deal.Thats just an excuse for shocking performance, a useful one but it didn’t stop this lot spending at least £40m on Crete to date-without owning it or putting a brick in the ground.
pinkfoot2
22/10/2018
17:59
The conditions are right - hotel investment in Crete is peaking, tourism numbers in Crete are going from strength to strength, banks are now lending. The site is right - with unappealable PD with planning permission to build up to five hotels, apartments, a golf course and conference centre. Up to four of the planned villages are on the coast in such places as White Sands bay, Crystal Cove, Grandes Bay - even the names conjure up mouth watering sites on the NE coast. It surely follows that the true value must come right too - and will eventually be reflected correctly in the market cap of the Company, currently languishing at an all-time low. Resolving the funding issues via the first deal would change all this for the better.
wi1l
22/10/2018
17:40
They appear to be sitting on THE perfect investment opportunity IMHO. The interest in the development must be increasing by the week and the longer this goes on the higher the amounts involved. However the market will only start to take an interest on the first investment in the project. The funding issue may be resolved on this but in any event with most of the directors agreeing to be paid in shares or options their funding requirements will be vastly reduced on what they used to require. The Bod is full of chartered accountants who will presumably be cautious by nature and put funds aside when the sale of the T&L business took place i.e, partly the reason for the higher loan going forward. Time will tell but they may also fund their working capital requirements via borrowing rather than a placing.
wi1l
22/10/2018
17:35
Pink foot there has been news from the company . You can't discuss a project like this over a pint or a coffee. I am afraid we will have to allow a period of say 6 months from October 8. Before we either hear that the talks have produced a positive outcome or have been aborted.
atlantic57
22/10/2018
17:12
All good stuff guys but absolutely no news from the company.Cant see a funding round without some good news
pinkfoot2
22/10/2018
16:41
https://news.gtp.gr/2018/08/08/investment-activity-greek-hotel-sector-going-strong/ and: https://news.gtp.gr › Investments
wi1l
22/10/2018
11:43
A consistent theme emerging here which bodes well for an asset sale / partnership. hTTps://news.gtp.gr/2018/10/19/greece-attractive-investment-opportunity-med-europe-minister/?utm_source=GTP+headlines+list&utm_campaign=74d681ffbb-gtp_headlines&utm_medium=email&utm_term=0_742e571d31-74d681ffbb-64983389 Greece is today the most attractive business opportunity in the Mediterranean and Europe for investments in tourism and real estate, Greek Tourism Minister Elena Kountoura said on Friday. During her keynote speech at the Mediterranean Resort & Hotel Real Estate Forum (MR&H) in Athens, Minister Kountoura invited Greek and foreign investors to take advantage of the new prospects and invest in Greek tourism during this period of strong growth. She stressed that there is a strong political will to encourage entrepreneurship and investments so that Greece today can offer a more friendly business environment, one that reduces bureaucracy, simplifies business operations and offers fast track procedures, as well as support to investors during all stages of tourism investments. Moreover, Minister Kountoura spoke of the strong investment interest shown by the domestic and international markets for big tourism investments in Greece, scheduled for the coming years, which has also been confirmed by international forecasts, such as that of the World Travel & Tourism Council (WTTC). “The high tourism demand for Greece has attracted investors to the purchase of land use for new tourism investment plans,” she underlined. The minister also presented the ministry’s plans for tourism in the coming years, which aims towards the increase of availability and quality in high-class units and investments in holiday complexes, the development of marinas and new home-port ports, the emergence of less developed Greek destinations and new thematic tourist products and services, with a focus on health and wellness tourism, golf, conference centers and theme parks. Referring to the benefits of the Tourism Ministry’s national tourism policy running since 2015, the minister informed on the booming growth in tourist figures in recent years, and especially in 2018. According to a recent survey, Greece, together with Spain and Italy have been ranked at the top as being the most attractive countries in the Mediterranean for investors.
nick2412
22/10/2018
07:21
What's the cash position here?
sandcrab2
19/10/2018
14:46
Love some of the google translation All this time, the British Minoan Group has not shown any particular practical mobility or "booming" to go ahead with the tourism project that has been dragging on for nearly 25 years. The silence of this fish has given new "food" to the thoughts and the assessments that have existed in the past, is the truth, and they question the extent to which this British company has the potential to make such a big investment itself. It has also been known for a few months that the Minoan Group had entered preliminary discussions with an interested investor regarding the sale of a stake in the promoted investment under the name "Italian Gaia", in the area of ​​Sitia (Kavo Sidero in Ormos Faneromeni), in the prefecture of Lasithi . Then was the announcement of the appointment of a specialist consultant with knowledge of the Greek market in order to assist in this effort. It remains unknown what these preliminary discussions have had on the involvement of a strategic investor. It is clear, however, that the entry of a strategic investor will also result in the capital stimulation and financing of the related work.
waterloo01
19/10/2018
14:35
Just done a quick trawl of Greek press over last month, not sure if this has been posted. https://tinyurl.com/ybuypftc
costapacket1
18/10/2018
18:06
Mike Ashley would bring in Rafa.
costapacket1
18/10/2018
13:23
The corpse is twitching :-)
uncle andy
18/10/2018
12:57
I see we have sparked into life again...........
hugothesecond
18/10/2018
09:55
Whilst the Greece leisure /property/tourism sector continues to thrive, ironically, the Minoan share price is at an all-time low. Obviously it's due to the prolonged messy issues associated with offloading travel and clearing the bulk of the loan. Ultimately the market should wake up to the mismatch between m/cap and asset value but it might take an rns detailing an upgrade from 'early stage' talks to a progression that's indicative of a reasonable timeframe for a sale or partnership. Meanwhile stories such as the one below suggests the Cavo Sidero's asset value should be on the up. hTTps://news.gtp.gr/2018/10/17/wyndham-zeus-international-two-hotels-greece-cyprus/?utm_source=GTP+headlines+list&utm_campaign=f3e110ceb8-gtp_headlines&utm_medium=email&;utm_term=0_742e571d31-f3e110ceb8-64983389 "In Greece, Wyndham is expanding its presence with a new upper-upscale hotel on Crete, the Wyndham Grand Mirabello... According to Ballotti, Wyndham sees tremendous growth potential in Greece and has ambitious plans to continue expanding its footprint and introducing new brands to the country... there are few countries in this world that are seeing double-digit RevPar increases,” Ballotti added."
nick2412
17/10/2018
17:41
Never known there to be zero volume buys and sells combined. Even on that the mm's move the price down - for what reason? Boredom watching a blank screen? If they started pushing the other way they might generate a bit more interest.
wi1l
17/10/2018
09:26
Could have been worse daicaprice. Can understand those following the T&L business selling up and moving on but there hasn't been a flood of selling, it would appear most are now holding on for the enhanced shareholder value (!) on the CS development. No hiding place for the Bod now, they will either make it happen in the next few months or we may well miss the opportunity whilst overall conditions are still good.
wi1l
16/10/2018
14:16
Looking a bit poorly I have to say. DC
daicaprice
16/10/2018
08:25
Which way will it go today? Mms looking to buy in numbers still FWIW, but that can all change very quickly. Understandable that some T&L followers have sold.
wi1l
15/10/2018
13:27
From where I’m standing this pm,the tide is going out again-unless I’m mistaken
pinkfoot2
14/10/2018
08:35
That is a good summary. My earlier post meant to convey that if the Bod shared evert twist and turn regarding Greek Bureaucracy it would weaken Their negotiating position.
atlantic57
14/10/2018
07:45
The tide has turned atlantic, and conditions are becoming more favourable. Minoan as a company should benefit from the disposal of the T&L business, having the loan that was £8M more or less paid off and thereby having a clean slate to market/develop/dispose the Cavo Sidero project. The working capital needed is vastly reduced, even more so with some of the directors agreeing to be paid in shares/options. Centre stage now becomes the CS development. The hard work has been completed over the past twenty years culminating in an unappealable PD for a site that has planning permission to build at five sites mainly coastal in NE Crete. The tourism industry alone is reaching new highs over there with tourist related assets such as hotels benefitting with much increased values and there is planning permission to build up to five new top of the range hotels - with four of them on sites right on the coast. Surely they could not be better placed. Two of the main shareholders of Minoan, N Day and P Raby are also directors of Loyalward the company used by Minoan to run the CS development. They will obviously be protecting their own interests and in doing so will be looking for the best deal for all shareholders. MDVorkin another significant shareholder keeps a close and active interest. And in the background the lender Zachary/Hillside who has warrants to take up at any time they choose where for an injection of £1.8M they will receive 17% of the company, which could be very valuable to them. The fact they have negotiated to keep the warrants albeit at a reduced rate when they had the company over a barrel suggests their further involvement is still wanted by both parties and still to come.
wi1l
13/10/2018
20:24
Nick I continue to hold because I still Hope that value will out.
atlantic57
13/10/2018
19:22
I would not discuss on a bb. Also i have attempted in private messages To communicate these points but people Get hold of the wrong end of the stick. If you have had enough it is time to sell Up snd take the loss. There is a possibility that we will Make a profit or get our money back. However this is not s risk free investment With a certain outcome.
atlantic57
Chat Pages: 659  658  657  656  655  654  653  652  651  650  649  648  Older
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P:41 V: D:20181022 18:13:40