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% 7.625p 7.25p 8.00p 7.625p 7.625p 7.625p 0 07:34:36
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 7.3 -2.3 -1.2 - 16.12

Minoan Share Discussion Threads

Showing 12826 to 12850 of 12850 messages
Chat Pages: 514  513  512  511  510  509  508  507  506  505  504  503  Older
DateSubjectAuthorDiscuss
21/11/2017
07:04
I believe the next announcement will be details of arrangements regarding Hillside loan.This will give us a strong clue As to where we are .
atlantic57
20/11/2017
23:18
That was a buy not a sell today. 🤗
rspiros
20/11/2017
16:14
No news and not even the resemblance of any news or even the hint of it. At least the selling has dried up and it had little effect on the share price, so far anyway.
wi1l
17/11/2017
12:57
http://tinyurl.com/y8k4ga4h Editorial by Kyle Bass, hedge fund guy, on Greece. Kyle forecast and hugely profitted from US housing bubble and Greece crash last time round. He is always excellent and worth following.
costapacket1
16/11/2017
17:46
Think you're right Wi. Market-Breakers don't seem to want to advertise these can be bought cheaper.
gerhart
16/11/2017
16:29
Looks like they are all sells but the range is more 7.4 to 7.9. If its any consolation they don't want you to buy 100k in one go any more its a bit lower than that now.
wi1l
16/11/2017
15:05
Can anyone work out what is going on with trading today? I don't think it's all sells as shown. It looks to me that there is much more narrow range of bid/offer than suggested as: 7.25 - 8.25
gerhart
16/11/2017
08:36
Odd Scotty, given it appears many more buys that sales over last few days. Perhaps someone somewhere selling any price...or MMs stretching the spread again.
gerhart
16/11/2017
08:14
Obviously mms don't want your shares at the moment 7.36p paid for 25k so could tick down :(
scotty1
16/11/2017
06:15
In my opinion we are going to be facing major turmoil in developed economies primarily due to levels of High Government debt.This is why we have seen a rush to buy real assets such as artwork and vintage cars. Without doubt Minoan own prize assets which are worth a multiple of the current share price. I used the footballing analogy before , Chelsea sold salah for 10 million Liverpool paid 40'million for the same player a few months later. We are in the hands of the Bod but they have prize assets..
atlantic57
15/11/2017
19:27
Yorgi - Re your earlier "harsh" comments, you are forgiven! lol Just transfer 10,000 shares into my name as restoration! haha I think it's good to plug the Equity Development report, especially for any newbies or potential newcomers. Not us ramping. It's carefully considered assumptions and estimates. Is it accurate - who can tell? The proof will be in the pudding as they say. But it would still have to be off the scale of inaccuracy, even if the the value was much higher than now.
gerhart
15/11/2017
19:13
The more time I have spent considering our company looking forwards the more convinced I am that we are well undervalued. Like most of us here the market has been disappointed to have not seen contracts/deals signed by now to enable the BOD to take our Crete project forwards. Time is creeping on and the £5m loan is weighing on peoples minds as well and some who have questioned the BOD's ability to negotiate those contracts that we require. I include my self as one of those. None of that detracts from the value of our two assets the travel business and the Crete project both of which have a value and in my mind combined well above todays market cap. Everything that is published regarding the attractiveness of Greece and of course Crete is positive looking forwards as an area to invest in for the holiday, leisure industry at this time. So whether our concerns and frustrations that we have not had news as soon as we would have liked or possibly expected the value is still there in my view and that will be realised for shareholders at some stage. I hope we will see signs of that soon of course. The loan is a concern I acknowledge that but I'm confident the BOD will be able to resolve this within the timeframe required. The upside potential far outweighs the downside in my opinion so as ever in this AIM investment business and particularly so with MIN it is a case of doing the research, trusting in ones conclusion and keep ones patience. I hope that those of us who believe in MIN will well rewarded over the coming months and years. Anyone who has not read the Equity Development report (April 2016 link in header) might find it worth the time reading through.
yorgi
15/11/2017
17:06
The key driver for the Greeks is to deliver a long selling season or even a year round business. This is where the spa and golf course come into play for MIN. The nearby new airport will also help to attract new services and deliver passengers. Exciting times ahead. Another encouraging day with another small move in the right direction.
hugothesecond
15/11/2017
15:54
I presume that the Sept start date was a little misguided but if that is the actual size of the development that is planned then its no wonder they are taking their time to negotiate a way through with other interested parties.
wi1l
15/11/2017
15:43
From post 9141 searched Minoan Group and this came up!! Feb 2017 so prob a little out of date?? Something Big Cooking In Greece Minoan Group, a developer of leisure resorts, is expected to start work this September on the construction of five unified tourist complexes on the northeastern tip of the Mediterranean island of Crete. The long-awaited Cavo Sidero development is projected to cost €1.2 billion: the largest investment ever made in a tourist project in Greece. That money buys five five-star hotels (providing a total of around 2,500 beds) and a mix of more than 900 villas, town houses and apartments that between them will bring the total bed count at the development to 7,000. Cavo Sidero will number three golf courses among its other facilities.
wi1l
15/11/2017
14:51
http://tinyurl.com/y89auvd2 http://tinyurl.com/ya6j2xv3
costapacket1
15/11/2017
13:00
Interesting Hugo........5 star property, top quality :-) Fits in with a point Conor Fahy makes in his report. Another extract from Equity Development Report : It should be noted that the proposed development will only utilise about 0.4% of the contract land, an illustration of the care given to preservation of the environment and the cultural and historical significance of the site. This tiny footprint could seem to allow for further development in the future, not allowed for in our estimates. The development will fall definitely into the luxury bracket, and is probably a ‘trophy asset’ in the making. There will be a golf course designed around the natural contours of the land, as well as a multitude of other land based and water sports, wellness centres, and cultural and environmental activities. Minoan believes that these facilities will prove to be a magnet for year-round use, not just concentrating on the seasonal summer trade. The project will be self-sufficient in water and energy resources. "The development will fall definitely into the luxury bracket, and is probably a ‘trophy asset’ in the making."
yorgi
15/11/2017
12:55
I have been thinking about the new partner for Minoan and have come up with the Porto Elounda Hotel who operate the successful 5 star property along the coast with top quality spa and golf course. Would be a great fit !
hugothesecond
15/11/2017
12:51
Taking the lowest target the short term target of 21p it is still well above where we are now even taking into consideration any increased equity. However the market clearly wants to see some signs that the BOD has made progress over the summer in getting close to securing finance/partners who will take the project forwards to becoming a reality. I had expected to have seen contracts/deals signed before now sadly this was not to be the case. They could of course come any time. The loan keeps being raised as a concern with the end of December being the date it has to be repaid or terms agreed to extend further. Although it is a valid point I don't think it will be a problem to resolve as the prize now firmly in the grasp of MIN is worth far more, the BOD will I'm quite sure be able to deal with it one way or the other.
yorgi
15/11/2017
12:27
Gerhart, I agree I was a bit harsh, my apologies :-) I did misread your post and thought the report was dated from 2012 and not 2016 as you rightly pointed out this morning. So the dilution since then will not be massive I agree but I have not looked back to see what increase there has been. I have copied an extract from the report below and link to their site so for those that want to read the full report can log in there and download the full report. It is a detailed report by Conor Fahy and I know he has done reports in the past on MIN so does understand the company and the "story". Report from Equity Developments : Minoan Group PLC Value in Crete The Presidential Decree (‘PD’) authorising Minoan’s major development in Crete outshines the group results for 2014/15 just published. The results themselves are satisfactory, if not exciting – but the Greek decision turns attention back to the company as an asset play of significant potential value.  The PD is subject only to an appeal to the Council of State, which has already unanimously approved the project. It now looks unstoppable, although we must still consider the possibility of hitches on the way, given the history of the process in which Minoan has been involved over the years.  The PD is the first approval for a major foreign leisure development in Greece for the past 30 years. It opens the way to a 2,000 bed luxury hotel and residential project in the spectacular North-East corner of Crete, and will be a ‘trophy asset’ in the making.  On activation of the contract with the Toplou Monastery Foundation (‘the Foundation’) Minoan will have a number of options open to it to realise value, the most likely of which we believe would be a partnership deal with a leading international operator, combined with investment from other sources: Middle Eastern and, more recently, Asian financial institutions have been persistent investors in high end hotel and leisure assets, and some very high prices have been realised. Valuation is difficult at this stage, but we have calculated a range of possible short, medium and long term values, which translate into the following target prices for Minoan shares – Short term: 21p Medium term: 41p Long term: 61p 5 April 2016 https://www.equitydevelopment.co.uk
yorgi
15/11/2017
12:03
Of the 212M shares 24% are held by 5 individuals - P Raby 6.49%, N Day 6.15%, M&L Dvorkin 5.9% and L Adams 5.08%. Holding tight I should imagine.
wi1l
15/11/2017
11:17
Gerhart i will say one thing and that is for an AIM stock there isn't that many total shares in issue.Lets face it 212m shares in issue against some AIM stocks is "quite meaningless" :))
scotty1
15/11/2017
10:39
Yorgi, I think your "quite meaningless" comment is a bit harsh. lol Firstly, while I haven't followed all the new share issues since 2012, I don't think there has been massive dilution in recent years. I think what there has been, has been magnified to many of us just because not many other solid things seemed to have been happening to move the share price But the report itself I highlighted, for those unaware or forgot, it is only dated from APRIL 2016 / last year - so takes into account situation until then. And if you read it in detail, perhaps you have, you can see that it is very detailed and precise in argument. With due respect to all here - perhaps more reasoned than some of our own musings! :) But whether it is entirely accurate, or whether it is a bit glossed or hyped, well those are different questions and perhaps matters of opinion anyway. And I confess, I am not able to decide! But either way let's hope we keep moving forward now, even just a tick every day - until the big one! :)
gerhart
15/11/2017
08:09
Someone keen this morn.
scotty1
15/11/2017
07:12
Ahh i was forgetting all about the travel side yorgi in my M/C valuation (must be a age thing) so as you say add around the £10m for that side of the business which brings my guesstimate for a fair M/C at £45m to £60m. No matter how you look at it they now have an un-appealable Presidential Decree which makes the present M/C look ridiculously low,but the market will catch up at some point.It always does ;))
scotty1
Chat Pages: 514  513  512  511  510  509  508  507  506  505  504  503  Older
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