Minoan Share Discussion Threads

[nick2412] 15/11/2018 22:01

A quick google suggests it comes from the year 2000 so it's a tad dated!

[nick2412] 15/11/2018 21:51

This was on Twitter earlier today posted by someone tweeting as 'Iman' :- It has now been pulled so whether it is accurate is anyones guess. The style and some specific words such as 'prefecture' suggests it has been translated from Greek:-



"Business Economy 14.11.2018 : 22.02

Tourism and Property Developer Loyalward says major international hotel groups have expressed interest in the hotels proposed for the Company's Cavo Sidero project on Crete.

Loyalward, which has been talking about allying with a Greek company and listing on the Athens bourse, is working on a second leisure project, to include a European PGA-designed course to the north of Athens.

The large developments that have been announced, at the old Hellenic airport, includes Atalanti Hills, an investment of 1.3 billion euros, in the “exarchos” area of the municipality of Locron in the prefecture of Fthiotida, as well as the development of 25,000 acres in the Hersonissus Sideros area of Lassithi Prefecture of Crete by the British company Loyalward Ltd., a subsidiary of the Minoan Group Plc Group, amounting to EUR 267.7 million"

[pj 1] 15/11/2018 13:46

post withdrawn

[pj 1] 15/11/2018 11:37

Keep on thread please, any individual feuds can be taken elsewhere.

[daicaprice] 13/11/2018 22:22

We have to have a 12p valuation even with the near £1m debt and any dilution by options, it stacks up to a 15p for me,much less than I’d hoped for but even a slight bit of acumen could get it to 20p.
I live in hope.

DC

[pj 1] 13/11/2018 22:05

For balance. I have received an acknowledgment/response to my email/letter ref. options and director remuneration, with a more formal response to follow. Therefore, my previous criticism needs to be now ignored.

[pj 1] 13/11/2018 09:26

Since the beginning of 2015 the Hot Stock Rocket portfolio would have returned 11.7% with equal weightings.

[justjill] 13/11/2018 09:13

So we wuz done over in relation to T+L....as seems still thriving and bolting-on. But apparently no one could raise enough cash to buy it.

As for TW and (dud)Hot Stock Rocket - yet again proves your better off wearing a blindfold and throwing darts at share names. They're about as useful as an ash tray on a motor bike.

[pinkfoot2] 12/11/2018 08:44

Experienced travel operative takes non executive job with another company in shock news!

Sounds however like a nice way into Jet2 product as they do packages too

[wi1l] 11/11/2018 08:11

All now history to us but maybe of interest, on 5th Sept Rick Green was appointed as a director of Dart Group. For some reason its not been shown at cos hse on Stewart Travel but does appear on the other Co purchased Canterbury travel. It was a while ago someone on the bb made the connection with Stewart travel to Dart Group as the possible purchaser. maybe still to reach fruition? (would have thought Zachary will sell the business on if it got the chance).

[shezza1] 10/11/2018 17:18

If they are going to be taxed heavily then they should write them off and let them expire. Small fry compared to what they have just agreed with the 50m warrants but I would rather have 11m less options in play.

Especially if over half of them still belong to none related parties such as Duncan etc.

[pinkfoot2] 10/11/2018 17:05

They cannot be approved mate-they were issued at a big discount to market value.

Can you imagine negotiating with a 72 year old who has made a 25 year living out of this jaunt?

[atlantic57] 10/11/2018 16:44

If they are HMRC approved options then
Such as emi then there is no tax to pay
When they exercise.

I would love to be in the room when the bod are negotiating and they say the site
Is worth 100 million euro.

Why then is the company only valued
At7 million then when it owns 95%

[pinkfoot2] 10/11/2018 14:54

The company has spent £45m or thereabouts on something it still has to pay for!!They will have to value it for Accounts purposes and mark down if less than £45m.That is the only evidence that this is worth north of that since the valuation noted in the 2011?accounts.

Don’t forget the ‘corporate development’ column in the Accounts too-this will be a sink for err costs!

The options are now a sideshow-can’t exercise because of tax and can’t sell the stock because no liquidity and it would send a bad signal.

This is a mess and all of £50m of cash handed over by the shareholders on the back of a conflicted out of touch BOD.

[atlantic57] 10/11/2018 13:17

I think we are on the same page wi
I think ce is 72 per companies house
So assuming he wants to enjoy a retirement.

I think they still have to spend money
On the site but the balance sheet shoes
Expenditure on the asset in excerpt 43
Million pounds,

[wi1l] 10/11/2018 12:50

Don't dispute that atlantic. The Bod have to take steps to put the company on a better footing. Updating us on a regular basis, details and facts (good or bad) and sorting out the finances out, increased investment possibly, marketing the project etc

[microscope] 10/11/2018 12:45

Wi1l said: 'Candia paid £1 million for 5%...' Can anyone recall how much Minoan paid for the site....? Come to think of it, I presume they have, erm, fully paid for it, haven't they?

[wi1l] 10/11/2018 12:33

The market will only be convinced when an investor buys in to the project ie on actual monetisation of the project and only then (or a little before) will the share price race ahead. However because the share price is now so low the investor is reluctant to pay full price as it values the company in multiples of the current market cap. Chicken and egg situation, which will only be resolved by competition created by more than one investor looking to buy in.

[hugothesecond] 10/11/2018 12:31

I would hope and expect that DW 4M+ options will have been swept up in his termination agreement when he resigned as a director last month. This alone should be clarified by BoD.

[atlantic57] 10/11/2018 12:30

Wi with respect the directors to date
Have had the Midas touch in reverse.

However good the asset is on paper they
Have not generated any tangible interest which has resulted in an acceptable offer.

The market is valuing the asset at circa
20 million pounds.

The directors 20 months on from the unappealable decision have made zero progress and the share price is 70% down

[pj 1] 10/11/2018 12:28

The company have failed to answer my question regarding Wilson and if the options have been cancelled as they should have and that he had not received any 'pay off' with regard to his resignation. They have no reason not to answer the question. Unless.....

[pinkfoot2] 10/11/2018 12:00

You lot need to read ‘when money dies’

It’s the classic book on printing paper money.

[wi1l] 10/11/2018 11:20

The market needs convincing that this company has a valuable asset with very little borrowing and few ongoing overheads.

The company has an unappealable presidential decree which is for outline planning permission for the development of a major destination resort in NE Crete.

The project lies 14KM away from Sitia airport which has recently been improved dramatically.

It is counted as a trophy site due to the picturesque location with its numerous bays and coves.

Crete already has a good infrastructure and very good travel connections which have been improved considerably in the East.

Tourist numbers are increasing year on year with tourist related assets increasing considerably in value over the last six months. Planning has been granted to build up to five hotels with a mix of luxury villas and apartments, a golf course and conference centre.

Candia paid £1M for 5% of the site before planning was granted, which valued the site at £20M without planning.

[atlantic57] 10/11/2018 09:09

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