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
	+0.20p	+8.00%	2.70p	2.50p	2.90p	3.00p	2.50p	2.50p	1,234,229	16:07:18

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Travel & Leisure	0.0	-2.5	-1.2	-	7.36

Minoan Share Discussion Threads

Showing 17651 to 17675 of 17675 messages

Chat Pages: 707 706 705 704 703 702 701 700 699 698 697 696 Older

Date	Subject	Author	Discuss
17/2/2019 08:50	If we take the company at face value, the directors own 1.8%, two directors/employees of Loyalward own about 11.5%, two other significant holders hold about 10% between them, one of these has posted on here and appears as frustrated as the rest of us. That in my opinion anyway would be insufficient to deter an opportunistic bid if the discrepancy in real worth to MC is as oft repeated here. So what factors are preventing it? Company intransigence, lack of promotion or is the required 'spend' as described in the posts above just too onerous or possibly too risky for developers or some other....?	fireplace22	Read Full Thread Reply
17/2/2019 08:49	It seems that the lease doent need govt approval to be increased to 80 years so possibly a red herring?? 12.1 The Contract The Contract, which is governed by Greek law and dated 14 July 1998, relates to the right to use the Site for tourist development and exploitation as set out in the Contract. The initial term of theconcession is 40 years (the “Initial Term”) but Loyalward has the unilateral right to extend that term for a further 40 years (the “Second Term”) on exactly the same terms and conditions by giving notice to the Foundation. However, if the annual consideration payable to the Foundation at the 39th year is less than £3.5 million (the Directors believe that the Foundation’s share of revenue will exceed this figure) then the parties will renegotiate the annual consideration payable to the Foundation during the Second Term. If they cannot agree that revised annual consideration the matter is to be referred to arbitration. Loyalward’s right to give notice of its wish to take the Second Term has to be exercised within the ten months before the expiry of the Initial Term or within one month after the annual consideration has been established by renegotiation or by a final arbitral award. Notwithstanding the limit on Loyalward’s interest, under the Contract, lessees or assignees of leases of villas and apartments are entitled to enjoy the rights thereby granted for the equivalent of the Foundation’s tenure regardless of whether the Contract is terminated or expires. This is subject only to the Foundation receiving from Loyalward ten per cent. of the net profit received on the grant of the original villa or apartment lease and provided there are no additional financial burdens to the Foundation.	wi1l	Read Full Thread Reply
17/2/2019 08:31	Significantly that valuation was on build space of 90,000 m2 whereas the estimated build space is now actually 135,000 to 140,000 m2.	wi1l	Read Full Thread Reply
17/2/2019 08:22	From Axies letter of opinion 27/6/2011 "Crete project Regarding the property under assessment and following information provided by Loyalward Ltd Limited,the proposed development relates to high quality hotels that will be developed upon a major parcel of land with a total area of approximately 25 million m2. Based on the information detailed by Loyalward Ltd, a development scenario of 90,000 m2 has been proposed. Based on market research and following consideration of this scenario, in our view the estimated development value of the land plot is likely to be in the order of €100 million. The value could naturally reach higher levels in case the land plot is more densely developed. Our assessment of the development value is based on construction costs for five and six star hotels in Greece, but the cost has been properly adjusted at a lower level, in order to reflect the economies of scale deriving from such a large scale development. Regarding the Gross Operating Profit percentage, our assumptions were based on information provided by Loyalward Ltd Limited that includes the ground lease percentage paid to the landlord. From that percentage we have deducted FF+E costs as well as the property and tax insurance costs and have thus arrived to the Net Operating Income percentage. We then applied this figure to the annual revenue,also provided by Loyalward Ltd Limited, in order to end up to the total income arising as a result of theproject’s operation. The land value in the development scenario is the result of the deduction of the total construction cost from the total revenues. It should be noted here that the construction cost includes professional fees, marketing costs and finance costs of the development. It is stressed that the above value is indicative and is based on initial evidence provided by the client. We have not been provided with a detailed business plan and therefore the value provided reflects our opinionof value assuming that the above development density can be realized on the basis of the development permit granted. A further condition would be the quality of the development which will certainly be well above average i.e. all hotels will be of luxurious construction."	wi1l	Read Full Thread Reply
17/2/2019 07:58	The freehold is owned by the Touplou monastery, the company has a contract with them. The company has ten years to spend the £250M at the site from the date the contract is activated and that hasn't happened yet but starts when they pay the additional £4M. "Under the terms of the Contract, if ten years after activation of the Contract, £250 million (subject to adjustment for 1994 prices) has not been invested in the Project, the Foundation has the right to terminate the Contract without having to pay compensation. In case of doubt, the Contract is to be interpreted in favour of the Foundation. This represents a risk to the Company"	wi1l	Read Full Thread Reply
16/2/2019 11:43	wi1l, I think that was/is the original plan. Trouble is they need someone who has deep enough pockets as we have a minimum spend required of $250m (+). What I don't know is the terms the church.	waterloo01	Read Full Thread Reply
16/2/2019 10:37	Looking at the map on align research the project could possibly be split into smaller developments rather than just one large monster development. There must be parts that attract more interest from developers. Why don't they just get over the start line with the best offer for developing part of the project and build momentum/interest from there?	wi1l	Read Full Thread Reply
15/2/2019 13:20	Align will pump also the stocks they hold..	tsmith2	Read Full Thread Reply
15/2/2019 13:19	MINOAN GROUP MIN STRONG BUY 22 BUYS V 0 SELLS HTTP://uk.investing.com/equities/minoan-group-plc-technical	casper786	Read Full Thread Reply
15/2/2019 12:59	Values should be going up in the coming months. Conditions continue to improve. Tourist numbers go from strength to strength. Tourist based assets such as hotels get better & better sales prices. The banks are lending again. Investors aplenty, seeking safe havens for their cash. Values should be doing nothing but increasing especially as its such a rare "trophy" asset. Would therefore agree with Nick's suggestion of two independent valuations as they could surprise us all with what the site is worth, all IMV.	wi1l	Read Full Thread Reply
15/2/2019 12:12	Jim I did remove your name did you not even check	dave4545	Read Full Thread Reply
15/2/2019 12:09	Precisely Iman. However until deals signed we are left to speculate be it quietly or only on the BB.	yorgi	Read Full Thread Reply
15/2/2019 12:07	Reduced for dilution then presumably increased for fair representation of the current climate in Greece?	iman1974	Read Full Thread Reply
15/2/2019 12:06	wi1l, we're (well some are anyway) talking a minimum value here of £30 million we're currently £7M, a bid of £15M would be a healthy premium for a lot of holders here be they stale bulls, newcomers in at below 5p or even possibly Zachary.	fireplace22	Read Full Thread Reply
15/2/2019 12:05	Nick, i'm not sure I understand why as all I'm doing is giving my opinion after reading the recent report by Align and the somewhat older report by Equity Developments. Then formed an opinion, the figure I have been quoting being what in my view is the minimum I expect to see delivered. Of course I could be wide of the mark either way. Anyway I'll take on board your comment. With that expressing my view that the share price at 2.5p, 3p is crazy and vastly undervaluing our company. Of course I could be wrong and only in hindsight will we know. Anyway point taken 😊	yorgi	Read Full Thread Reply
15/2/2019 12:02	It's got to be a gift at £30m, right now I'd take it though as I suspect many others here would.	iman1974	Read Full Thread Reply
15/2/2019 12:01	If you dont take me off i will report you to advfn and twitter for bullying and harrasment. You are corrct on about 7 of them but i am not one	jimduggen	Read Full Thread Reply
15/2/2019 11:56	Take me off of your list also dave I AM NOT SMALLCAPSTOCKS.	jimduggen	Read Full Thread Reply
15/2/2019 11:46	You can see today what a small amount of buying can do to the share price, now if it was sustained buying,eg hostile bid for the company the price would rise so much that it wouldn't make it worthwhile IMV.	wi1l	Read Full Thread Reply
15/2/2019 11:36	Yorgi, I understand where you are coming from, but I think that it's not overly useful for shareholders to give a personal view of value. What we need in my view is for MIN to get two independent valuations. Although Align has their critics, they really do go into intricate detail and back up their conclusions with facts and figures. From very vague recollection, I think they have concluded the value is somewhere between 60m and 100m Euros but discounted that in their last valuation to be conservative. As for fireplace's point that a Company wouldn't make this sort of offer because of MIN's lowly m/cap there are a couple of points. Firstly, they would need to have an agreed price with the main shareholders and warrant holders in order to snap up MIN on the cheap. Secondly, If they go hostile all they will do is bump the share price up and possibly attract competitor bids with no guarantee that their own offer will succeed.	nick2412	Read Full Thread Reply
15/2/2019 11:32	I can look no further than Peter Webbs valuation shown by Scotty a few years back of €30m as being the only truly independent professional opinion I have heard This figure will have to be reduced by dilution since. Not sure whether he is still holding	sandcrab2	Read Full Thread Reply
15/2/2019 11:24	Sandcrab, it's nothing to do with piece of string ! If you are invested in MIN ? Then you must surely have an view on what it's only asset is worth as otherwise surely there would be no point in being invested ? So what do you think would be a fair figure that MIN could hope to achieve on a complete sale or it's value with a partner on board with funds to develop CS ?	yorgi	Read Full Thread Reply
15/2/2019 11:20	How long is a piece of string Yorgi? One can't say more than your 12676 I am astonished that this board did not have this development ready to go after 25 years though A lot of money been lost here	sandcrab2	Read Full Thread Reply
15/2/2019 11:19	Its actually slightly above that fireplace.......bid on 100k 2.7p at 11.19	yorgi	Read Full Thread Reply
15/2/2019 11:17	Anyway get the share price back down to 2.6 again and we can all continue with our slumbers.	fireplace22	Read Full Thread Reply

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