Minoan Share Discussion Threads

[pj 1] 05/10/2018 10:35

ah crossed wires

[wi1l] 05/10/2018 10:16

PJ not sure that I fully understand but think you must be talking about going to the meeting whereas I realised that I wouldn't be able to go on Monday and spoke to HL via email. They said to email my instruction to them, which I did and they passed that on via recorded delivery. Therefore unless I'm mistaken Min have my vote and I didn't need to turn up to make it?

[pj 1] 05/10/2018 09:48

An example here

Dear Mr xxx

Further to your recent request we have pleasure in confirming that you have been appointed as a proxy for the following Company Meeting:

Meeting: xxx
Date: xxx
Location: xxx
Commencing at: 10 a.m
As a proxy you have the right to attend, speak and vote at the meeting, on behalf of the following Shareholding:

Number of Shares: 27,000 Shares
Registered Account: Hargreaves Lansdown Nominees Limited A/C HLNOM

The Registrar will now have a note that you are attending the meeting. Please take some form of identification with you on the day in case this is requested.

We trust this to be of use to you, but should you have any further enquiries, please do not hesitate to contact us on 0117 900 9000.

Kind regards

Rob Skehan
Corporate Actions

[pj 1] 05/10/2018 09:38

wi1l. I have attended many AGM's, and excluding the last one I attended, I have always received an email confirming that the Company in question has been advised of my attendance, and that the email itself is authorisation for me to attend, on behalf of the Broker i.e. nominee.


Quite often I have attended and the Company had no records of such although I suspect that is down to the paperwork system of the Company. I have never been refused entry, although I have had to argue my point a couple of times.


However, MIN advised me that no one will be allowed in without the proper paperwork and identification. If I attend I will have to leave Manchester at silly o'clock in the morning to guarantee getting there. Over 2 hour road work delays are now normal on the M6. Even if I can attend its looking as if I cant due to paperwork

[atlantic57] 05/10/2018 09:19

Pj I am not clear how any update will help.
At best they could say we are in talks with interested parties.

They announced in march that they had given one purchaser exclusive rights to buy travel,this deal collapsed 6 months later.

This will be sold to somebody at some point in time for something.
The market has clearly spoken they will not climb board ahead of the signing of the deal.i suspect we will have to wait for as long as it takes them to do this.

I agree they should at least update the market.

[wi1l] 05/10/2018 09:18

PJ think it was up to you to contact them? I contacted HL and gave my instruction via email which they passed on to the bod by recorded delivery which was fine (I think).

[pj 1] 05/10/2018 09:11

As an aside, I still have not received any letter of representation from HSBC or Hargreaves Lansdown. It really is a poor and ineffective system, it's our cash at risk here at the end of the day, not someone who needs a week to send a damn email out.

[pj 1] 05/10/2018 09:08

Apologies for the repetition but I am still really confused here as to how anyone can vote on the Stewarts sale without knowing the current position with regard to (any)developments in Crete. I have to assume Investors are blindly following the recommendation of the Directors.


How can anyone make a decision when the left hand does not know what the right hand is doing. Can anyone enlighten me?

[atlantic57] 05/10/2018 08:05

The intrinsic value remains perhaps 20 to 25 p
There is no doubt that they are in talks with genuinely interested parties.

However it is self evident that the market is waiting for an announcement to show that
They have signed an agreement before narrowing the gap between the share price and intrinsic value.

No speculators climbing on board this time

[optrade] 05/10/2018 07:51

By:
Savidis Babis
30/09/2018, 17:58





For the British investors here, after the final "green light" of the CoE, the "glorious glory field" applies. They themselves could make some move. To show in practice that they have the intention and the ability to realize the tourist investment of € 267 million

Against the doubts and shadows, the British company now reports that it has reached the crew of time and the conditions have matured to concentrate essentially on its planned investment in Cava Sidero, Sitia.

It has also been known for a few months that the Minoan Group had entered preliminary discussions with an interested investor regarding the sale of a stake in the promoted investment under the name "Italian Gaia", in the area of ​​Sitia (Kavo Sidero in Ormos Faneromeni), in the prefecture of Lasithi .

[atlantic57] 05/10/2018 07:33

The complete lack of speculative activity suggests strongly that the market believes that nothing will be announced next week.

So I guess that those of us who are clinging to the decks of Titanic Minoan are in for
A long wait until such time as Minoan conclude a deal.

[wi1l] 03/10/2018 07:57

Looking good so far! Well as compared to the last few weeks. Hopefully the buying will continue.

[fireplace22] 02/10/2018 16:10

If we're down here next week he should put us up for sale on ebay.

[waterloo01] 02/10/2018 16:07

Under 3p. Market cap £7m. £1m debt. 50m+ warrants at 3.5p and planning approved site in CS worth minimum £20m.

The price of confidence in CE delivering!

[pj 1] 02/10/2018 15:02

Depends what you class as madness I suppose.

I am really struggling to recall the lifestyle Company, a couple of years ago, where Shareholders voted against a fund raise and dilution as they had enough of the BoD fleecing the Market. The Company was eventually wound up. Occasionally people do vote morally and not with their wallet.

As for Zach, wouldn't they end up with an asset they couldn't do anything with?

[arthur_lame_stocks] 02/10/2018 14:37

Wasn't it intimated that if the sale didn't go ahead Zachary would call in their loan?

On that basis it'd be madness to vote against the sale.

[waterloo01] 02/10/2018 14:28

Proxi vote effectively closed. From what I can gather it will easily pass.

[pj 1] 02/10/2018 13:55

I don't agree

How on earth can people vote on the Sale if they do not know what the current bigger picture is? The true position in Crete could alter how the vote went. It's not unknown for shareholders to vote against any items if they feel strongly enough .


If Crete developments are to be near term (weeks) then I would be tempted to vote with, if developments are to be protracted to long term then I would be tempted to vote against.


If anyone is attending, and hold via Nominee account, i.e. HSBC, HALIFA, Hargreave Lansdown etc etc, then make sure you take the correct letter of representation and ID or you will not be allowed in.


Do not just turn up and expect to gain entry.

[waterloo01] 02/10/2018 13:38

There really isn't much for them to say now. Not until after the approval of the sale (which will happen). After next week hopefully we can move forward. If they need to raise that might follow but hope it won't be below the 3.5p level of the warrants.

Patience at this point or sell up.

[atlantic57] 02/10/2018 13:29

My main mission in attending the meeting
Will be to convey

A We must monetarise the asset

Or B there must be some substantial updates

However share price action strongly suggests
We are going to get more of the same
Total silence

Surely the major shareholders and Zechary
Will push for some action.
If not we are stuck for goodness knows how many more years.

[wi1l] 02/10/2018 10:04

The lack of news does this!

[sandcrab2] 02/10/2018 09:48

Board have missed the boat

With Central Banks now tightening, draining the world of liquidity, speculative projects will now not go ahead

This is why the Board found it impossible to sell Travel

[pj 1] 02/10/2018 09:12

I wonder what Mike Ashley would do?

[pj 1] 02/10/2018 09:11

How many of us here, if employed and had produced nothing against those comments, (and previous repeated comments)would still expect to be employed in the same position?

It's a genuine question.