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MIN Minoan Group Plc

0.75
0.05 (7.14%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
Minoan Group Plc is listed in the Hotels And Motels sector of the London Stock Exchange with ticker MIN. The last closing price for Minoan was 0.70p. Over the last year, Minoan shares have traded in a share price range of 0.475p to 1.275p.

Minoan currently has 822,091,319 shares in issue. The market capitalisation of Minoan is £6.17 million. Minoan has a price to earnings ratio (PE ratio) of -5.77.

Minoan Share Discussion Threads

Showing 13426 to 13449 of 32400 messages
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DateSubjectAuthorDiscuss
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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