Minoan Share Discussion Threads

[wi1l] 28/6/2018 17:18

The RNS on the loan came at 11.30am this time last year but they might surprise (not) everyone with news earlier than this. I doubt we will hear much more but will just be happy to hear the loan has been dealt with correctly and if it has had to be extended then that has been agreed by all parties concerned.

[waterloo01] 28/6/2018 15:55

On that count (and a few others) so it seems. I assumed Duncan would either go with the business or was part of the buyers group (his experience is solidly travel agencies) and suspect that might be part of the problem and the related party nature of it might be why they haven't been as tight as they need to be. (all IMO)

Whatever, the Hillside loan hangs as does the lack of any further news re Crete, not even the name of our new adviser who was given options recently.

All very clear and transparent (not).

[pj 1] 28/6/2018 15:43

Apologies for all the posts but there is a chance the exclusivity duration could have been until ''the date the transaction completes''


Surely MIN would have been insane to agree to such knowing the looming Hillside position? Whilst it would also prevent exploring other possible sale avenues?


More incompetence?

[pj 1] 28/6/2018 15:10

This is getting a bit more complicated than I thought.

It seems that by Main Market rules that MIN COULD have been guilty of failing to notify the Market, however, their disclaimer would probably have been their advisors. i.e. they were doing what their advisors told them.


However, obviously MIN are not a main listing and are listed on AIM, and there the confusion (even for a well known high street financial institution) starts.

[ny boy] 28/6/2018 14:54

Can’t see a reason to buy here, on my watch list but not keen, too many other attractive plays..AOR, INFA, TERN,RKH etc.

Always dyor

[pj 1] 28/6/2018 14:54

It could be off course that the original time frame has been extended by agreement, if so then the current position needs to be RNS'd, and maybe should have been RNS'd much earlier.

[pj 1] 28/6/2018 14:51

OK
I have been reliably informed that any Company advisor would have advised MIN that any exclusivity agreement would have had a time frame agreed.

So, following on from that, maybe those in regular contact with the Company could find our what that time frame (was?) is? I see no reason why that information cannot be given out.

If we can find that off course then that may well lead to other question about why such a long time frame. However, it seems that beyond 3 months would be unreasonable.

[colinzeal] 28/6/2018 14:39

You'll be able to get one by calling the girls in Edinburgh mate - they seem to know more than the Board.

[atlantic57] 28/6/2018 13:54

Surely it is not unreasonable to expect
An update tomorrow morning.

[fireplace22] 28/6/2018 09:53

Well I hope those ladies in the Edinburgh travel agency know where their salary is coming from after Monday?

[colinzeal] 28/6/2018 09:47

Maybe we'll be treated to tripartite of bad news tomorrow; the collapse of the T&L sale, yet more dilution and a rollover of the loan on even more unfavourable terms. There is certaintly nothing to suggest the news will be good.

[pj 1] 28/6/2018 09:29

It certainly feels to me, that they are 'taking the p*ss'

[pj 1] 28/6/2018 09:28

Very good!!

Maybe the BoD enjoy playing this 'game' with their stakeholders.

[wi1l] 28/6/2018 09:18

Rename it the Minoan Celeste - all aboard the Minoan ghost ship drifting AIM-lessly - last seen heading slowly, very very slowly towards Crete.

[colinzeal] 28/6/2018 08:34

There is just no evidence of motivation from the BoD at all...they leave everything to the very last minute. Doesn't look like it will be the news we want either.

[fireplace22] 28/6/2018 08:17

9 years is short term in the Minoan doctrine.

[acliff] 27/6/2018 20:31

possible extraordinary management incompetence
if they dont get a move on they will miss a complete property cycle, of 9 years!

[atlantic57] 27/6/2018 17:41

Well I said there was no point speculating but everyone is so I may as well join in.
Negotiations must still be continuing for the sale of the travel business as they would be duti bound to update the market if they were terminated.

I am more concerned with :

A What Price Hillside will extract for extending the loan , if it is extended.

B How many more years it will be before cs is moneterised and shareholders see some value.

[justjill] 27/6/2018 17:23

Look as one of the otions i say above. T+L sale proceeding and near end game....but short term extension on loan required as not completed to tie in with loan.

If T+L sale was off, then they would have had to say so, and not hold it as add-on to new loan agreement announcement, as it's totally unrelated (in a direct sense)

On the other hand.... tomorrow is a new day.....and we could hear about T+L sale then.

Patience required. No other company's shareholders are better equipped! :)

[waterloo01] 27/6/2018 17:16

I would very much like to be wrong here as am a holder but the silence doesn't feel like it's golden. Right to the wire which is rarely good.

[hugothesecond] 27/6/2018 15:17

interesting set of 50k buys at 1500

[scotty1] 27/6/2018 07:52

Nope,only deadly silence all the way round, it's a sit and wait and hope we don't get that after hours RNS.

[wi1l] 27/6/2018 07:24

Stangely the longer this goes on the more I feel the sale will happen - may well be overly optimistic at this stage, although no news to the contrary. Any news from your end Scotty?