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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.05 | 7.14% | 0.75 | 0.70 | 0.80 | 0.75 | 0.70 | 0.70 | 3,581,527 | 08:34:33 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Hotels And Motels | 0 | -1.07M | -0.0013 | -5.77 | 6.17M |
Date | Subject | Author | Discuss |
---|---|---|---|
26/11/2018 22:40 | The Primary issue now is the chicken and egg situation. The Market cap will put off any would be purchaser.How can the Bod get the share price up To allow a realistic offer to be made. | atlantic57 | |
26/11/2018 22:07 | My understanding and thoughts of where we roughly are :- Prospective partners/purchasers contact Minoan. Minoan can now RNS that they are in ''discussions''. These discussions can take place on an ad hoc basis or be more structured. However, this gives an issue as these discussions cannot include any terms or £'s in an RNS as nothing can be checked under DD by the NOMAD, who will refuse to sign it off. Hence why there is currently little Minoan can do to communicate positive developments to uplift the current share price. Therefore following that, a perceived lack of progress, right or wrong, is contributing to selling rather than buying, coupled with general market uncertainty. The ''sale'' of T&L as a related party transaction has added to the mistrust, although the share price had been in decline way before this. Hopefully at some point in the (near)future these ''discussions'' will turn to ''negotiations'' or even ''bidding''. Negotiations have things put in writing and include legal advice and documents, which then can be checked (DD) by the Nomad and can therefore be included in an RNS if the Company so wishes, although often ''non disclosure'' can apply. In that circumstance Minoan would have to find another acceptable way to update the market as to not jeopardise any future negotiations. So, assuming we are somewhere (hopefully) between discussions and negotiations we now have a chicken or the egg syndrome. Is the low market cap preventing negotiations as any prospective bidder reverts to the multiple Minoan want (bearing in mind any prospective purchaser may have to justify this to their own shareholders)or is the lack of negotiations resulting in the low market cap? Off course we should not ignore that Minoan could well be in negotiations, although I do doubt this, but have decided for whatever reason not to RNS. I also note previously that Minoan did RNS and include the word ''negotiation'' at the beginning of the RNS, and then reverted back to solely discussions later in the RNS and to the future. Is this an indication some ''negotiations'' failed to attract a reasonable offer or partnership, hence the selling and low share price? These are my thoughts alone. No doubt I have not got it 100% correct, but I think the main theme of the post is probably not far from where we are, unless Minoan have taken the decision to not RNS and keep us in the dark with the low share price, which I really doubt, or that ''discussions'' are nothing more than enquiring phone calls, again very doubtful but not impossible. | pj 1 | |
26/11/2018 21:15 | Head Gardner there is plenty of life but it ain't over till it is over. Talks have to be converted into an offer . | atlantic57 | |
26/11/2018 20:44 | Is there any sign of life from these geriatrics, switch off life support. | head gardener | |
26/11/2018 16:09 | Just Jill the dynamics without travel are Different and the age of the bod. We are just looking at price now I feel | atlantic57 | |
26/11/2018 15:53 | ...or atlantic, it could just be deja vu - all over again! :) / :( | justjill | |
26/11/2018 14:15 | Saga is there a reference to getting old waiting there?! | iman1974 | |
26/11/2018 13:26 | Just Jill we are definitely in the final lap now. I am confident that 2019 will bring an end to this saga. | atlantic57 | |
26/11/2018 09:52 | Thanks PJ for that detailed feedback. So we are in the "end game". Yeah right. For years that has been implied. Might be an NED, but quite clearly much closer to BoD than us - albeit some of what he said may be fair and impartial, and yes "news" to me in some respects. But the behind the scenes details of the sale of the T+L has left a very nasty after-tatse - including DW's part - essentially a "related party" transaction we were never informed about. But anyway, here's to the end-game....oooh, and Santa will be here soon too! :) | justjill | |
26/11/2018 09:40 | If it is one of the major shareholders then we should get an rns | atlantic57 | |
26/11/2018 09:12 | It seems we have an overhang or a background seller? Buying increased slightly since Friday but having little effect on the share price. | pj 1 | |
24/11/2018 21:42 | Well the downside here for new investors is surely zero. Min have debts of 1 million as I understand it with an asset that was last valued At 100 million euros. Even allowing for a substantial discount the risk reward for new investors is attractive. | atlantic57 | |
24/11/2018 20:49 | The mm's seem to have worked the price down with impeccable ease on the off chance that an interested party will eventually get over the line and invest in the CS development. If it happens the starting price will be rock bottom and therefore all the more profit to them presumably. They also reduce their risk by taking on stock at such low prices. Having said that their levels of stock held can't be that great. The only way out is to buy a few more I suppose but the uncertainty is putting most off from investing. | wi1l | |
24/11/2018 17:58 | If those buy sell indicators are reliable,then the market makers are picking up plenty of stock on the cheap. However for long suffering shareholders in the absence of any rns demonstrating Tangible progress,these discussions are academic. | atlantic57 | |
24/11/2018 17:22 | FWIW would suggest that the drop in share price over last four months could be due possibly in part to the dwindling volumes rather than any sell-off. Aug B7.3M S5.3M share price ended up 5.3/5.8 Sept B5.7M S6.9M share price ended up 3.1/3.5 Oct B5.6M S5.4M share price ended up 2.75/3.0 Nov (so far) B2.2M S3.1M share price ended up 2.2/2.4 About level buys v sells but the share price has more than halved! | wi1l | |
23/11/2018 14:20 | pj1. thank you for the update ,it provides balance and gives a flavour of some of the factors that we are probably not aware of as shareholders. I have no doubt that Christopher is doing his best to get this over the line. However The last 12 months has been a disaster for min as evidenced in the share price and of Course the many negative events that have taken place. eg botched placing botched travel sale. The market clearly does not believe that the bod are capable of actually getting anything like the the suggested value of the site.If Investors believed they would be buying. We need to see some evidence from the bod that they understand basic principles. The project has to be monetarised. to get the share price moving.At the very least their Broker should be trying to organise some buying. | atlantic57 | |
23/11/2018 11:15 | Good luck to them in monetising the asset - I will be the first one to congratulate them if they get it over the line. | colinzeal | |
23/11/2018 10:58 | Why put money in to take it back out? | pinkfoot2 | |
23/11/2018 10:49 | Prevent director dealings? They've not bothered buying at any point in the past, does anyone really think they'll start now?!? | uncle andy | |
23/11/2018 10:22 | Nick- If they are in current continual discussions then this may place them in a (protracted)closed period and therefore prevent any Director dealings? | pj 1 | |
23/11/2018 08:37 | All good stuff but note that the market cap is around 95pc below the hailed NAV of 100m.The options chat is totally irrelevant-more symbolic in my view | pinkfoot2 | |
23/11/2018 08:14 | Many thanks PJ1, it would also be interesting to find out which directors are opting to help going forward by taking their salary as shares/options - it reduces the cash-burn considerably which means there may not necessarily be the need for a placing subject to CS project getting off the ground soon. | wi1l | |
23/11/2018 07:19 | Cheers PJ1, I've re-posted over on lse hope you don't mind. | fireplace22 | |
22/11/2018 23:02 | Excellent work PJ. Thanks for sharing. Plenty thought provoking stuff to think through! It's good to get in effect CE's side of the story. Still many unanswered questions about the future, but a good starting point. | microscope |
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