Minoan Share Discussion Threads

[justjill] 28/11/2018 12:03

So there you go.

The old report, and those values are no longer valid, as, apart from any changes in Crete or negotiations, those values related to MIN as a company with a travel business! Ooooops!

[toyin] 28/11/2018 11:56

This is the article from 2016

LATEST REPORTS


Value in Crete
Published: Apr 04 2016
Minoan Group is engaged in the holiday/leisure business. It has a long standing project for a luxury leisure/holiday complex in Cavo Sidero in Eastern Crete, and also operates in the UK travel agency sector.
The Presidential Decree ('PD') authorising Minoan's major development in Crete outshines the group results for 2014/15 just published. The results themselves are satisfactory, if not exciting - but the Greek decision turns attention back to the company as an asset play of significant potential value.
The PD is the first approval for a major foreign leisure development in Greece for the past 30 years. It opens the way to a 2,000 bed luxury hotel and residential project in the spectacular North-East corner of Crete, and will be a 'trophy asset' in the making.
On activation of the contract with the Toplou Monastery Foundation ('the Foundation') Minoan will have a number of options open to it to realise value. The most likely of which we believe would be a partnership deal with a leading international operator, combined with investment from other sources: Middle Eastern and, more recently, Asian financial institutions have been persistent investors in high end hotel and leisure assets, and some very high prices have been realised.
Valuation is difficult at this stage, but we have calculated a range of possible values, which translate into the following target prices for Minoan shares: Short term 21p / Medium term 41p / Long term 61p.

[microscope] 28/11/2018 11:52

I searched Minoan on twitter. One poster has put up an article today with a 'range of targets' from 41p.... Anyone looking closely (indeed, literally with a magnifying glass lol) would quickly spot it was published shortly after the 2014/15 results.... :)) Don't just look for 'top posts' go to 'all'.

Caveat emptor, indeed!!

[waterloo01] 28/11/2018 11:51

Not impossible that something is actually happening. They need to put some corporate actions to bed before the results, so maybe the finger has finally been pulled out..

[pj 1] 28/11/2018 11:49

Herb
‏


@Herbrightoo
23m
23 minutes ago


More
Replying to @smallcappick
#MIN #MINOAN the ink is drying on the Contract ..."BUY" 1st stage Target 21 p 2nd stage target 41 p 3rd stage target 61 p ..

[waterloo01] 28/11/2018 11:46

Just have a look at #min

[ny boy] 28/11/2018 11:46

These Twitter ramp gangs, must be milking it!

[pj 1] 28/11/2018 11:42

waterloo, what's the ramp?

[waterloo01] 28/11/2018 11:41

Twitter ramp although who knows, might be something behind it. About time if so.

[tsmith2] 28/11/2018 11:40

caveat emptor

[justjill] 28/11/2018 11:40

Are the twitter mob at it.....or is there an RNS in the pipeline someone has got wind of....small trades now and MMs milking it. They'll probably pull trap door soon enough if no RNS.

[ny boy] 28/11/2018 11:38

Pre Christmas, always a good time for a Santa pump & dump scenario be careful out there.

[justjill] 28/11/2018 11:33

....oh well, looks like we all(?) missed the bottom...for now?

[pj 1] 28/11/2018 11:30

Maybe Wilson is making a bid?

[waterloo01] 28/11/2018 11:28

Something leaked?

[fireplace22] 28/11/2018 10:42

Anything to get us out of this madness (that's the response they'd hope for presumably) and probably right they worked it textbook style. Just make it anything over 5P please.

[arthur_lame_stocks] 28/11/2018 10:39

Well we do get a vote on a takeover, however the longer the price stays down here the more the register is going to reflect people that have bought in at these prices and may be amenable to a cheap takeover.

[pj 1] 28/11/2018 10:36

What are the 'odds' that our ex Director Wilson has miraculously secured an offer of funding, has entered 'discussions' and will table a low ball offer for CS?

[fireplace22] 28/11/2018 10:19

Seems a few more are leaving fantasy island today? Down below 2p soon at this rate?

[the covert wanderer] 28/11/2018 10:11

I have managed to catch up on the posts and some interesting comments recently.
All I would add is that most listed takeovers are done at a premium of 30% or 40% to the vendors market cap. Rarely you may see a 100% premium paid, but the last I can recall was a couple of years ago. I would therefore ask how these Directors intend to sell this, or do some sort of a deal, at multiples of the market cap of £5m currently.
To indicate it's true value is between x10 and x20 of its market cap is sheer lunacy, fantasy and desperation. It appears to me that the Directors are fooling themselves and Investors.

[head gardener] 27/11/2018 20:18

Maybe CE is wanting to preserve this unblemished coast and still screw a penny.

[atlantic57] 27/11/2018 19:39

The First 6 months of 2019 allows ample time for a deal to be signed off.
If we are not there by then it is perfectly reasonable to question the valuation.
I'm sure ce won't want to be dragging this on and on.

There are now no reasons why a deal can't be done so I guess it is just down to price.I suspect we will have to be patient .I had hoped for some news by xmas but now I think we will just have to wait.

[fireplace22] 27/11/2018 18:37

If the asset is worth anywhere near the 'multiples of the current sp' as mentioned by the NED, covering those costs pales into insignificance. Big 'if' though.

[pinkfoot2] 27/11/2018 11:58

All I see matey is speculation.I think this will see a full takeout myself but there are two hurdles

-CE who seems entrenched

-whoever buys is going to have to shell out to pay off the entry price for the land and clear the debt

[waterloo01] 27/11/2018 11:20

Cheers PJ. At least we're no longer in the T&L game given figures from Tomas Cook.

Wonder what they have in mind to raise some cash? Taking up options/warrants? Investor?