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Share Name Share Symbol Market Type Share ISIN Share Description
Minoan Group Plc 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
  -0.025 -2.0% 1.225 1.20 1.25 1.25 1.225 1.25 720,631 14:14:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 0.0 -0.9 -0.2 - 7

Minoan Share Discussion Threads

Showing 22376 to 22399 of 22400 messages
Chat Pages: 896  895  894  893  892  891  890  889  888  887  886  885  Older
DateSubjectAuthorDiscuss
12/6/2021
08:32
You are letting the past affect your current views, which is the biggest mistake in investing. I am merely pointing this out that to other investors so that they don't make the same mistake. You are a classic case study of this as you are about to miss out on a huge uplift in the shareprice here IMHO. I look forward not back.... NIAI
nobbygnome
12/6/2021
08:17
nobby, why do you always deflect and try to make it personal? We are all here to learn, why not answer the points? Or share your research which here seems limited to just the RSP? Most posters on this thread are fully aware of my history here, and that I was once in regular contact with the Executive Chairman. They are also aware of my deep reservations about the whole strategy of this BoD How long ago now was '' we are in the beginning of the end-game''? Add on the ex FD's comments about there being in reality no tangible asset.
pj 1
12/6/2021
06:58
Some people learn from the past whilst others wallow in it and become bitter and twisted by their failures. I am in the former camp; I wonder which one pj is in.....
nobbygnome
11/6/2021
22:23
I said interesting, not incorrect, and good that you back me up with the auditor's own quote, Wi1l "...there is a significant risk over the valuation of these inventories" As auditors go on to say, in effect, it's not incorrect, given eg communications with potential investors, but risks will remain unless or until these come to fruition.
microscope
11/6/2021
21:57
PJ1 Everybody has been there with penny stocks. Most of the penny stocks still around from 10 years ago tend to have performed poorly. We all know most exist to fund management a lavish lifestyle but the trick to get in and out during the good times. Have you seen what you were holding in 2013. Snt for example
dave4545
11/6/2021
21:15
PJ1 you're entitled to your view and there is no doubt MIN has disappointed and taken longer than anyone would have envisaged. Two points, firstly thank goodness the Company offloaded the travel business. Secondly, with respect, despite the understandable frustrations, when someone of the background and investor intelligence of Martin Gilbert comes onboard, then I think that is more noteworthy than the embittered views of a disgruntled ex-investor.
nick2412
11/6/2021
20:33
29howard30 Oct '13 - 21:24 - 9 of 285 0 0 0 gemstar2 Indeed but best I can find, the Crete project is taking a lot longer than they hope but there's increasingly more hints that it's close to getting the nod and I'm looking forward to the day they Rns that. ======================================================================================== Meanwhile 8 (EIGHT) years later @ 1.4p, exactly the same is still being posted.
pj 1
11/6/2021
20:04
29howard29 Oct '13 - 14:11 - 1 of 285 0 0 0 Overhang going to clear soon ahead of Greek news, now 6.5p mid 29howard29 Oct '13 - 14:34 - 2 of 285 0 0 0 Buy limit dropping now, 75k max from 150k, been stuck at this price for a few weeks so ready to break out ahead of the good news. 29howard30 Oct '13 - 18:38 - 5 of 285 0 0 0 Bit of volume today, not sure about the worked 150k, I think it's a buy because there is a 100k sale, it is clear there is a buyer happy to get chunks when others lose patience and sell, there was 150k of sales today, there is also a seller, looks like the buy price was close to mid price, I will post the limits in the morning. 29howard30 Oct '13 - 21:24 - 9 of 285 0 0 0 gemstar2 Indeed but best I can find, the Crete project is taking a lot longer than they hope but there's increasingly more hints that it's close to getting the nod and I'm looking forward to the day they Rns that. 29howard31 Oct '13 - 09:37 - 13 of 285 0 0 0 6.31-6.5p 250k v 150k, if they 7am rns good news you will not get anywhere near this price. 29howard31 Oct '13 - 10:02 - 14 of 285 0 0 0 Nice 100k buy there, still 6.5p to buy, impossible to know just how many the seller has but it will clear. 29howard31 Oct '13 - 12:45 - 15 of 285 0 0 0 Limits and spread improving. 6.35-6.5p now, 75k max offer but that might be a game,still 250k bid 29howard31 Oct '13 - 13:04 - 16 of 285 0 0 0 50k max now full 6.75p offer stand by for movement. 29howard31 Oct '13 - 13:10 - 17 of 285 0 0 0 Seller looks to be cleared 5k max buy online 29howard31 Oct '13 - 14:13 - 19 of 285 0 0 0 This is nothing, with a turnaround in the business and move to big profitability, the Crete project getting the go-ahead they will be scrambling to buy in at 3 times the current price, I remember when I was talking to myself in CCE below 1.5p 29howard31 Oct '13 - 15:44 - 20 of 285 0 0 0 :-)) drop on a 7k sale 6.88p to buy though so some stock still to shift ryan8331 Oct '13 - 18:15 - 21 of 285 0 0 0 200k dump there but still up on the day
pj 1
11/6/2021
20:04
Seriously guys, please read the following posts and note the date and see if it rings any bells? Has anything really changed? Its laughable honestly
pj 1
11/6/2021
19:43
31/3/17 The next year is destined to be the most value enhancing in the Group’s history and I look forward to making further announcements in the future. 11.6p ====================================================================================== Has the Executive Chairman explained why this never happened? I look forward to your responses. ''Value enhancing''??? 11.5p 🤣🤣🤣
pj 1
11/6/2021
16:37
The auditors are satisfied its the correct treatment Microscope and they would dig their heels in if it wasn't. And its not just one set of auditors because they changed a few years ago and the new firm seems just as happy with the treatment. Not only that there is also no provision made for impairment and in their own words: "The group inventories, held in respect of the Crete project, represent the most significant asset on the statement of financial position totalling £46.4 million as at 31 October 2020 (2019: £45.8 million). There is a risk that inappropriate expenditure may be capitalised that is not in accordance with IAS 2. Furthermore, given that the Presidential Decree has been issued granting planning consent and that the Directors appear to be actively marketing the property, any lack of buyer interest in the property would be an indication of impairment. Therefore, there is a significant risk over the valuation of these inventories. In this area, our audit procedures included:  Testing a sample of capitalised costs in the year to ensure accuracy and appropriateness for capitalisation as project costs under IAS 2;  Reviewing correspondence and other third party documentation in relation to the project to confirm that the expected value of the project is in excess of the costs to date;  Reviewing and assessing the marketing activities for the site post grant of the Presidential Decree; From the work performed, we did not identify any transactions which indicated that capitalised costs were incorrectly stated."
wi1l
11/6/2021
15:43
If we are going to be updated in the next few weeks or months I hope it comes sooner.
rafboy
11/6/2021
15:26
Thanks microscope. I agree it’s debatable that the lease is valued as a current asset (I had indeed missed the discussion). But the valuation itself hardly looks excessive, and it will be in all parties’ interests to get any remaining problems resolved quickly. It can hardly be in the Foundation’s interests to have the project postponed indefinitely. Personally I’m reasonably confident that the project will be sold before year end.
tim000
11/6/2021
14:27
Tim it's an old chestnut on this board but as you're not a regular, I'll mention this briefly, but not going to labour the point as it's been discussed as nauseam here. The concept of valuing a lease (which hasn't actually started yet) at 46 million as a current asset (inventory), is interesting to say the least. (Particularly as it looks as though it's so financially 'weighted' in favour of the Foundation it's now being re-negotiated as - it seems - it's putting off potential investors). Anyway, good to know you've been buying.
microscope
11/6/2021
13:10
Quite right Will, hopefully patience and some averaging down will pay off. MIN's nav is a fraction under 7.5p per share. With the (MIN) result statement anticipated "desirable adjustments to its contract and long lease" extension then the nav will surely be enhanced. I envisage MIN have talked figures with prospective interested parties and it will be variable depending on what is agreed. X amount without a lease extension, an increased figure for an extended 90 year lease and a further increased amount depending on the extent and specifics of any desirable adjustments to the current contract. It pays to have cautious expectations with MIN and it's hard to predict what will be the ultimate return. I'd be happy with 3p from here but expect and hope for an ultimate return of around 5p a share. That said the things MIN have alluded to materialise combined with all the positive financial and tourism sector appeal of Greece / Crete then I suppose there is an outside chance of anything up to 10p. Clearly it is the Church negotiations that have caused delays hence Christopher's comment in the results: "Once these have been agreed we will accelerate commercial discussions with new and existing parties and bring them to conclusion." The final results comment suggests once the 'desirable adjustments' discussions with the Church are concluded MIN will hopefully move forward and conclude with one or more of the new and existing parties in development discussions: "I am pleased to be able to say that I believe that I will be able to update shareholders on progress on all the major issues more frequently over the coming weeks and months."
nick2412
11/6/2021
11:09
A prime piece of real estate measuring TEN square miles with numerous coves and outstanding panoramic sea views in an area of outstanding natural beauty.............. With outline planning permission........... Current Market value £7m (and rising!!) which is absurd.. Very soon its true value should become apparent.
wi1l
11/6/2021
10:40
If you are buying get 150k first as that pays 1.263p, any more and it's almost full offer 1.299p
dave4545
11/6/2021
10:37
I’m out of ammo for the time being. But no doubt funds will become available in the weeks ahead. Buying shares in companies trading at a large discount to book value is normally a good idea, see for example the recovery in MYX recently. I hope MIN will behave similarly.
tim000
11/6/2021
10:18
Tim000 I am sure we all hope your assumption is correct and we need to hope that any future service provider shares are at a premium to 1.1p ! Your faith is commendable. Keep on buying !
hugothesecond
11/6/2021
09:07
Not a frequent poster, and not at all here since the pandemic broke. But with that receding, and prospects for a deal improving, I’ve added circa 3 million shares this week, including the 500k this morning. My guess is that service providers paid in shares this year have been selling at anything over 1.1p. Once that supply is exhausted, which should be soon, a series of positive announcements in the coming weeks and months should rerate the share price. Fully diluted book value is ca 7.4p per share, implying a ridiculous discount in the share price for a prime piece of real estate (imho).
tim000
11/6/2021
08:57
That sees to yesterdays sells more or less in one go - onwards and upwards from here.
wi1l
11/6/2021
08:41
Yes good to see the 500k buy this morning; there is definitely buying interest out there....
nobbygnome
11/6/2021
08:36
Another one forward today.
wi1l
10/6/2021
14:55
Two steps forward one step back. DC
daicaprice
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