Minoan Share Discussion Threads

[wi1l] 30/10/2018 08:20

Agreed, clutching at straws. Just got to get cracking and build their five hotels or they will miss the boat as there's certainly a lot of activity in the hotel industry at present in Crete. But it must increase the chances of investor involvement being found.

[pinkfoot2] 30/10/2018 07:49

There is one subtle difference-Nikki Beach is built!!

[wi1l] 30/10/2018 07:02

Or Maybe:
Invel Real Estate Management Ltd and Dolphin Capital Partners announced this week that they have acquired 85.6 percent of Nikki Beach Resort & Spa Porto Heli near Argos in the Peloponnese.

Located in the Porto Heli Bay, the five-star, 66-room Nikki Beach includes a beach club, two restaurants, gym and spa facilities.
“This collaboration lays a strong foundation for further investment in the tourism sector in Greece. "

[wi1l] 29/10/2018 20:31

Wyndham Hotels & Resorts Expanding into Crete (I wonder?):

[wi1l] 28/10/2018 10:29

THe Bod need to take a closer look at how the Libra Group operate:



The company has added eight properties to its Greek portfolio in the last 12 months, bringing the total number of Aria hotels and holiday villas in Greece to 28.

Combining exclusivity and the highest standards of luxury, the new hotel will comprise rooms and suites, many with private pools, a restaurant and bar, a main pool, a private beach, as well as a spa complex with all modern comforts. “The style and layout of this exclusive hotel makes it ideal for couples: it is discreet and self-contained on a small peninsula with spectacular views over the Aegean Sea,” Aria Hotels said in an announcement.

[wi1l] 27/10/2018 09:29

That is a good point pinkfoot it would put a halt to this continuous manipulated slide in the share price although I don't know how that will affect the current shareholders ie how they will be protected.

However in our current state Its very apparent that on the one hand it will be worth waiting for a complete disposal at so much per share because then we get a satisfactory more or less immediate conclusion and it wouldn't then matter how low the share price has drifted down to.

Or on the other hand if they are to continue with the development it just needs to be started even if it is only one of the five sites getting off the ground to begin with. The market will pick up to that and interest and momentum will build from there.

At the moment we appear to be stuck imbetween the two with little knowledge as to which way it will all pan out. Reliant on those of the Bod who are now "concentrating their efforts" on the CS development.

Does anyone know who else, apart from CE, that is actually working on progressing the development?? A better understanding of how this business is going to operate from here on in would be helpful!

[pinkfoot2] 26/10/2018 18:12

CE has no currency-credibility and cash.That means a JV or Sale as the only options-neither will be easy with backs against the wall.

I still think a delist is a possibility-no point in being a public company

[waterloo01] 26/10/2018 17:43

I suspect we are all in the same situation. If you were going to sell you would have done already. Those I have I'm not selling at this price, as still hope for some white knight. Equally I'm not buying any as the markets are in meltdown and the risks real.

So here we are, stuck in the middle with you.....Come on Christopher, close a deal before the window closes.

[wi1l] 26/10/2018 17:08

Not a very good end to the week mm's pushing the price down on next to no volume. They appear to be able to do this at will whilst we all wait for news on the CS development or is it financing being resolved? However there is some buying when they drop the price although this time they dropped it late so maybe it will be Mon.

[microscope] 23/10/2018 12:58

i don't see why they should be given yet another six months. The talks are described as early stage.... yes the travel sale was a distraction but they've had the Presidential Decree for a lot lot longer than that and still early stage? I feel partners should be onside before now. let's see what the next round of funding (which i think is almost inevitable) brings. To whoever asked about cash, anything that is left from the last funding, which i fear will be a pittance by now.

Not good enough imho.

[wi1l] 22/10/2018 20:21

I hear what you are saying and understand but its very easy to criticise. As always there's other ways to view it too. The other side to the coin is that without their considerable efforts over the past 20 odd years the CS development would not have got very far and was only successful as a result of their perseverance, not giving up when the odds were stacking up against them.

In any event that £40M spent on Crete may well eventually be turned into a sum that is considerably more than that,and there is a golden opportunity to do just that. Its a shame that the share price is at an all time low admittedly but after such a long period the Bod must be very near to the end-game resulting hopefully in a far higher price.

I'm going to judge them on the end result and we haven't reached that point yet.

[pinkfoot2] 22/10/2018 18:49

‘The Board is full of Chartered Accountants’

Is that a good thing?They have spent £50m of shareholder cash and the share price has fallen by 95 plus pc.Thats amazing performance.

The only thing these guys are good at adding up is their overblown remuneration packages.

This company needs a dealmaker-not bean counters.

Some have moved to a position where the travel co was ‘in the way’ of a Crete deal.Thats just an excuse for shocking performance, a useful one but it didn’t stop this lot spending at least £40m on Crete to date-without owning it or putting a brick in the ground.

[wi1l] 22/10/2018 17:59

The conditions are right - hotel investment in Crete is peaking, tourism numbers in Crete are going from strength to strength, banks are now lending.

The site is right - with unappealable PD with planning permission to build up to five hotels, apartments, a golf course and conference centre. Up to four of the planned villages are on the coast in such places as White Sands bay, Crystal Cove, Grandes Bay - even the names conjure up mouth watering positions on the NE coast.

It surely follows that the true value must come right too - and will eventually be reflected correctly in the market cap of the Company, currently languishing at an all-time low. Resolving the funding issues via the first deal would change all this for the better.

[wi1l] 22/10/2018 17:40

They appear to be sitting on THE perfect investment opportunity IMHO. The interest in the development must be increasing by the week and the longer this goes on the higher the amounts involved.

However the market will only start to take an interest on the first investment in the project. The funding issue may be resolved on this but in any event with most of the directors agreeing to be paid in shares or options their funding requirements will be vastly reduced on what they used to require. The Bod is full of chartered accountants who will presumably be cautious by nature and put funds aside when the sale of the T&L business took place i.e, partly the reason for the higher loan going forward. Time will tell but they may also fund their working capital requirements via borrowing rather than a placing.

[atlantic57] 22/10/2018 17:35

Pink foot there has been news from the company .
You can't discuss a project like this over a pint or a coffee.

I am afraid we will have to allow a period of say 6 months from October 8.
Before we either hear that the talks have produced a positive outcome or have been aborted.

[pinkfoot2] 22/10/2018 17:12

All good stuff guys but absolutely no news from the company.Cant see a funding round without some good news

[wi1l] 22/10/2018 16:41

and:

› Investments

[nick2412] 22/10/2018 11:43

A consistent theme emerging here which bodes well for an asset sale / partnership.



Greece is today the most attractive business opportunity in the Mediterranean and Europe for investments in tourism and real estate, Greek Tourism Minister Elena Kountoura said on Friday.

During her keynote speech at the Mediterranean Resort & Hotel Real Estate Forum (MR&H) in Athens, Minister Kountoura invited Greek and foreign investors to take advantage of the new prospects and invest in Greek tourism during this period of strong growth.

She stressed that there is a strong political will to encourage entrepreneurship and investments so that Greece today can offer a more friendly business environment, one that reduces bureaucracy, simplifies business operations and offers fast track procedures, as well as support to investors during all stages of tourism investments.

Moreover, Minister Kountoura spoke of the strong investment interest shown by the domestic and international markets for big tourism investments in Greece, scheduled for the coming years, which has also been confirmed by international forecasts, such as that of the World Travel & Tourism Council (WTTC). “The high tourism demand for Greece has attracted investors to the purchase of land use for new tourism investment plans,” she underlined.

The minister also presented the ministry’s plans for tourism in the coming years, which aims towards the increase of availability and quality in high-class units and investments in holiday complexes, the development of marinas and new home-port ports, the emergence of less developed Greek destinations and new thematic tourist products and services, with a focus on health and wellness tourism, golf, conference centers and theme parks.

Referring to the benefits of the Tourism Ministry’s national tourism policy running since 2015, the minister informed on the booming growth in tourist figures in recent years, and especially in 2018.

According to a recent survey, Greece, together with Spain and Italy have been ranked at the top as being the most attractive countries in the Mediterranean for investors.

[sandcrab2] 22/10/2018 07:21

What's the cash position here?

[waterloo01] 19/10/2018 14:46

Love some of the google translation

All this time, the British Minoan Group has not shown any particular practical mobility or "booming" to go ahead with the tourism project that has been dragging on for nearly 25 years. The silence of this fish has given new "food" to the thoughts and the assessments that have existed in the past, is the truth, and they question the extent to which this British company has the potential to make such a big investment itself.


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 . Then was the announcement of the appointment of a specialist consultant with knowledge of the Greek market in order to assist in this effort.

It remains unknown what these preliminary discussions have had on the involvement of a strategic investor. It is clear, however, that the entry of a strategic investor will also result in the capital stimulation and financing of the related work.

[costapacket1] 19/10/2018 14:35

Just done a quick trawl of Greek press over last month, not sure if this has been posted.

[costapacket1] 18/10/2018 18:06

Mike Ashley would bring in Rafa.