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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.80 | 0.75 | 0.85 | 0.80 | 0.80 | 0.80 | 739,741 | 07:30:38 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Hotels And Motels | 0 | -1.07M | -0.0013 | -6.15 | 6.58M |
Date | Subject | Author | Discuss |
---|---|---|---|
24/9/2018 17:51 | Colin zeal There is no point contacting the Company. The reality of the siutation is that they will be talking to people all the time.They will not give a running commentary on what they are doing. There is no point doing this until such time as those talks lead to a heads of agreement at the very least. As we have seen with the travel side talks can go on for months on a deal and then collapse. Really you now have a simple choice if you are a shareholder . a) You hang on believing that Christopher will succeed in selling the project for more than 3.45 p a share. b) You don't have confidence you do what Scotty has done and call it a day and sell. | atlantic57 | |
24/9/2018 17:49 | Also, as highlighted by the Align Research report, a change in Greek law (presumably fulfilling directives from the EU) means that the lease length will be extended from 80 years to 99. That should enhance values further. I am not sure of the timescale of implementation but it's stated as something that will happen. A low offer at book value allowing for 10% (fully diluted) more shares in issue = 11p per share and in the current strong sector climate then perhaps 80m is more realistic. That equates to 22p. That's as I say allowing for about 35m shares extra in issue and a deduction due to Candia who own 5%. It's disappointing that travel has got in the way of a great discount to asset play in a strong rising sector but after the EGM, if not before, I think the market will see sense. | nick2412 | |
24/9/2018 17:37 | Previous valuations have been on the BUILT OUT value Is this £56.7m the built out value or the present site value? | sandcrab2 | |
24/9/2018 16:56 | Admittedly an update on the CS progress would be very helpful. However, the company does hold this gem, considerable details of which are readily available from the (much maligned) Align Research article. The accounts of Loyalward ltd the company used to progress the development have this gem included as an asset at around £44M and IF the auditor was not satisfied that its value was that figure or above he would have insisted on an impairment (if that's the right word) charge to reduce the value to the lower figure. Very few seem to be able to grasp this fact. It is a valuable asset (IMHO!). | wi1l | |
24/9/2018 16:30 | Maybe Align used that article and the twitter following to dump to, or attempt to dump to? | pj 1 | |
24/9/2018 16:22 | share price seems to be in the doldrums because of negative market sentiment but doesn't reflect in any way the value of an unappealable PD and planning permission for the Cavo Sidero development in NE Crete - one day Rodders…… | wi1l | |
24/9/2018 16:16 | not pleasant watching this drop atm..wonder how low it will drop...2.5p? | pre | |
24/9/2018 16:15 | Yes you can't buy any at all,can't sell that many either. Not sure why? | wi1l | |
24/9/2018 16:14 | Tells its own story! The simple fact Align don't seem to have updated, after significant news, and with the Co in a closed period, confirms they are just a mouthpiece. Nothing more, nothing less I hope Minoan have dispensed with their service immediately to conserve cash. | pj 1 | |
24/9/2018 16:14 | Can't buy even £100 worth on line at the moment. | fireplace22 | |
24/9/2018 16:05 | 18.6p when it's 3.45p in the middle atm. | colinzeal | |
24/9/2018 14:40 | Minoan has a 95% interest in the Crete Project and based on our conservative valuation of £59.2 million this equates to £56.2 million at current exchange rates. It is assumed that following the disposal of the Travel and Leisure division, the company will be debt free. This takes the valuation total to £56.7 million which based on the current issued shares (218,516,775) works out at a price per share of 25.9p. On the current fully diluted basis (327,693,911), the valuation per share is 18.6p, which has been chosen as our target price. | pj 1 | |
24/9/2018 14:29 | Ps there is clearly a mismatch between Christophers view of the universe and Mr Markets view. From memory I am sure that Align who are the Minoan paid for advisers stated that when travel deal was announced the shares would be re rated to 10p They were instantly rerated | atlantic57 | |
24/9/2018 14:25 | pj1 I would be in the same position as you to be able to attend. However there is not much point in going. I have no doubt that Christopher has been in talks with various third parties. However as we have seen with Travel sale it counts for nothing as until you actually sign a contract, with the other party they can make many optimistic noises but can still walk away. I can see from Nicks posts that there are plenty of grounds for optimism. However until some one signs on the dotted line we are at the mercy of the buyer. | atlantic57 | |
24/9/2018 13:33 | Is anyone planning on attending the EGM? I am considering it but I fear the agenda will be kept to the business in question so in effect a waste of time attending. Also, I hold via nominee which may not allow my vote to be counted, and the Broker requires a ridiculous 3 weeks to arrange the correct admittance forms. | pj 1 | |
24/9/2018 13:28 | After the EGM I anticipate a full update on CS. Until travel is gone and rubber stamped at the EGM they are in a closed period. If there is competing and increasing interest as the interims comment and sector sentiment suggests then I’d expect a deal before year end. Waterloo, agreed and a potential acquisition of CS via share purchase of MIN has made it essential to offload travel. That’s also the most tax efficient way. | nick2412 | |
24/9/2018 12:54 | I should think the monastery just want the project started asap, guarantees additional funds coming in in perpuity. So will accept whoever is in the best position to get the development under way. | wi1l | |
24/9/2018 12:51 | The spread is closer than it looks. MM's still want to buy at up to 175K at 3.55 and sell at 3.60. They are still looking for sellers which isn't surprising at this low level. The volume of selling which has been pretty thin on the ground since Thursday doesn't justify such a drop IMHO. Trouble is the same applies to buying which hasn't taken off at these levels.FWIW anyway. | wi1l | |
24/9/2018 12:30 | Still it continues to be sold... | colinzeal | |
24/9/2018 12:06 | While the church has that right, they don't when it comes to who owns the shares of the company, which is the more likely route IMO Anyhow, IF a buy out deal is done they would keep CE on to smooth the interactions. | waterloo01 | |
24/9/2018 11:59 | I didn't say they couldn't sell it nick, but as you also acknowledge any buyer must be 'acceptable to the monastery', and that is where the complications may come in. I don't think they will sell, but as they have themselves indicated new management are expected to take the project forward. No bad thing in my opinion! | microscope | |
24/9/2018 11:55 | I agree they shouldn't need to raise more than £500k to see them through to deals being signed. Even at today's share price that's under 10% dilution to get them to realise some or all the value. | waterloo01 | |
24/9/2018 10:05 | Microscope, they can sell in entirety as long as the buying group is acceptable to the monastery. The monastery will want to see prompt development as they have a 10% financial interest in the net profits from sales of villas. So, as long as any buyers aren't in anyway 'dubious' then selling is just as likely as partnership. Probably more so, if an outright purchase accelerates project completion. In football there is the fit and proper person test and I guess for potential buyers of CS the same sort of standards apply. MIN referred to strength and depth of interest increasing in the CS project in the interims and, just my opinion, but I suspect most will want to buy outright rather than partner. All depends on price offered though. | nick2412 | |
24/9/2018 09:28 | The problem of course with selling is that it would create all sorts of complications with the church, rendering the whole discussion of valuations somewhat to the academic level imho. They need to develop it while maintaining at least a majority stake. Infact i was reading something recently that there is still an eyewatering 300 billion of debt 'within the system' and therefore foreign investors still need to be wary of 'Greeks bearing gifts'. On the plus side if partnerships can be signed, then there is still the chance of an eventual positive outcome. | microscope |
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