Minoan Share Chat (MIN)

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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
	-0.15p	-4.92%	2.90p	2.80p	3.00p	3.05p	2.90p	3.05p	154,582	16:26:06

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Travel & Leisure	0.0	-2.5	-1.2	-	7.91

Minoan Share Discussion Threads

Showing 17326 to 17350 of 17350 messages

Chat Pages: 694 693 692 691 690 689 688 687 686 685 684 683 Older

Date	Subject	Author	Discuss
16/1/2019 20:42	Of course we all hope that we see a deal signed off in the first quarter and I agree with the comment about "embryonic signs in the share price action" "I remain optimistic that there will be a deal struck in the first quarter. There are embryonic signs in the share price action that, with my optimist's hat on, suggest there might be some background progress."	yorgi	Read Full Thread Reply
16/1/2019 20:40	Nick will certainly give the BoD's a strategy going forward and to make a sale.	head gardener	Read Full Thread Reply
16/1/2019 20:34	I have just been reading through Nick2412"s post again and although of course the mega rich investor with a romantic appeal sounds very attractive we might not be best advised holding our breath for that 😊 However the point he raised about independent valuations which would be up to date is a very good thought. "I'd also like to see a couple of independent valuations on CS done and that would overcome the difficulty of extracting a higher offer due to MIN's low m/cap. It would probably increase the share price and, aside from that, interested parties would have to base their offers on the valuation as opposed to MIN's m/cap."	yorgi	Read Full Thread Reply
16/1/2019 18:39	In reply to Nick on the jorgi B/B, what you suggest to market CS must be obvious to a capable developer, which the Minoan board fails to understand, unless they wish to delist, with their partner Zachary developing CS for themselves. I post here as this is an open board and jorgi's intellect is questionable as is the Minoan BoD's greed which is undeniable.	head gardener	Read Full Thread Reply
16/1/2019 16:35	Good post Nick and very interesting. So all we want is a mega rich investor who sees buying into CS more attractive than a football club 😊	yorgi	Read Full Thread Reply
16/1/2019 16:33	I have paid an average price of about 6.5p each for my shares. I bought in after the Presidential Decree was granted and the price and market capped looked appealing in view of what I thought was value being delivered in an acceptable timeframe. At this price the shares represented a substantial discount to the stated net asset value in the audited accounts. Now it appears that despite important progress being made our expectations of what the site is actually worth are being managed down yet the book value remains the same. They can't have it both ways, it's either worth its book value in which case i'm happy to hold or it's not in which case they need to write it down so we can decide for ourselves what the shares are actually worth and act accordingly.	arthur_lame_stocks	Read Full Thread Reply
16/1/2019 16:14	I've been told before by CE that there are two types of buyers - firstly the hard-nosed property /investment funds who will look at the cost outlay, work out their desired profit and offer accordingly. Secondly, there are the mega-rich who find the project has a sort of romantic appeal and might be willing to pay the higher price of say 60m to 100m. The second group includes the sort of wealthy individual that will invest in mega loss making football clubs. Purchasing the CS lease and completing the development would be almost half the price of the Neymar deal estimated at $595m! The analogy is far from perfect as an investor should make significant profits from CS developments even at the higher figures MIN investors would like to see. With just 1% of the area being developed then investors will look at the potential for that area to be increased at a later stage. There's no doubting that the project should appeal to both types of investors. I just wonder how aware potential buyers and partners from either group are aware of the project. I suspect there are quite a few candidates who aren't and I'd like to see MIN address that with some marketing of the opportunity. I'd also like to see a couple of independent valuations on CS done and that would overcome the difficulty of extracting a higher offer due to MIN's low m/cap. It would probably increase the share price and, aside from that, interested parties would have to base their offers on the valuation as opposed to MIN's m/cap. Lastly, it would be good to see some share purchases from CE. Directors bought but he didn't appear to participate. There again, if there are any background progress developments with CS then, of course, CE wouldn't be able to purchase. I remain optimistic that there will be a deal struck in the first quarter. There are embryonic signs in the share price action that, with my optimist's hat on, suggest there might be some background progress.	nick2412	Read Full Thread Reply
16/1/2019 15:41	Bid at present slightly above listed bid 2.825p for 200k but dropping off to 2.794p for 300k.	yorgi	Read Full Thread Reply
16/1/2019 15:38	So far no large buys today but the 3 trades that appear to be buys have each had to pay a slightly higher price than the preceding buy.	yorgi	Read Full Thread Reply
15/1/2019 17:36	Yes but it is also a rather convenient cover at times of little or no real progress, and I think we'd all agree on that. Transparency isn't his strong suit.	waterloo01	Read Full Thread Reply
15/1/2019 17:27	It is frustrating that AIM rules interpreted and enforced by the NOMAD can prevent the BOD from keeping us more informed although of course there will commercial reasons in relation to negotiations which will also no doubt have a bearing as well.	yorgi	Read Full Thread Reply
15/1/2019 17:16	Exactly Waterloo, deep pockets 😊	yorgi	Read Full Thread Reply
15/1/2019 17:15	Until we have some news released of what interest there is, how deep their pockets are and how valuable they think our prize is we can only speculate...... while keeping in mind the valuations put on the site in the past by those that have the right expertise in industry.	yorgi	Read Full Thread Reply
15/1/2019 17:12	Again agreed. The issue isn't the location or it's potential but finding a deep pocketed and long term investor.	waterloo01	Read Full Thread Reply
15/1/2019 17:11	I can understand your point but believe we have a lot going for our site.	yorgi	Read Full Thread Reply
15/1/2019 17:10	We are also close to the new airport as well which must be another big plus point.	yorgi	Read Full Thread Reply
15/1/2019 17:09	It was CE who pointed it out to me some months back.	waterloo01	Read Full Thread Reply
15/1/2019 17:07	My thoughts are more along the line that it is large area in a beautiful part of the Island and the fact it is a greenfield site will attract the interest.	yorgi	Read Full Thread Reply
15/1/2019 17:07	With just 1 transaction they have succeeded in encouraging Nothing.	pj 1	Read Full Thread Reply
15/1/2019 17:05	I admit I have not looked closely at how many built hotels and complexes there are for sale Waterloo.	yorgi	Read Full Thread Reply
15/1/2019 17:03	We can only hope along with the beautiful area CS is that along with being able to start from scratch that the attraction of our site wins the interest and with it the deep pockets.	yorgi	Read Full Thread Reply
15/1/2019 17:03	Agree but the pool of buyers is probably rather small and buying an existing complex is a lot cheaper/less risky than developing from new (unless it's someone like Club med)	waterloo01	Read Full Thread Reply
15/1/2019 16:59	the mms are trying to stop our 250k buyer from securing stock at 3p or below whilst still encouraging sales at just below 3p.	hugothesecond	Read Full Thread Reply
15/1/2019 16:59	I’m not suggesting you aren’t making a valid point Waterloo but looking at it another way there are attractions with a greenfield site, start from scratch built to precisely what one wants looking forwards for the next 50 years plus. Building from scratch using all the latest technologies will also have it attractions compared to modernising an old site.	yorgi	Read Full Thread Reply
15/1/2019 16:56	Enough across Greece but hopefully supply drying up.	waterloo01	Read Full Thread Reply

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