Minoan Share Discussion Threads

[iman1974] 15/2/2019 12:02

It's got to be a gift at £30m, right now I'd take it though as I suspect many others here would.

[jimduggen] 15/2/2019 12:01

If you dont take me off i will report you to advfn and twitter for bullying and harrasment. You are corrct on about 7 of them but i am not one

[jimduggen] 15/2/2019 11:56

Take me off of your list also dave I AM NOT SMALLCAPSTOCKS.

[wi1l] 15/2/2019 11:46

You can see today what a small amount of buying can do to the share price, now if it was sustained buying,eg hostile bid for the company the price would rise so much that it wouldn't make it worthwhile IMV.

[nick2412] 15/2/2019 11:36

Yorgi, I understand where you are coming from, but I think that it's not overly useful for shareholders to give a personal view of value.

What we need in my view is for MIN to get two independent valuations.

Although Align has their critics, they really do go into intricate detail and back up their conclusions with facts and figures. From very vague recollection, I think they have concluded the value is somewhere between 60m and 100m Euros but discounted that in their last valuation to be conservative.

As for fireplace's point that a Company wouldn't make this sort of offer because of MIN's lowly m/cap there are a couple of points.

Firstly, they would need to have an agreed price with the main shareholders and warrant holders in order to snap up MIN on the cheap. Secondly, If they go hostile all they will do is bump the share price up and possibly attract competitor bids with no guarantee that their own offer will succeed.

[sandcrab2] 15/2/2019 11:32

I can look no further than Peter Webbs valuation shown by Scotty a few years back of €30m as being the only truly independent professional opinion I have heard

This figure will have to be reduced by dilution since. Not sure whether he is still holding

[yorgi] 15/2/2019 11:24

Sandcrab, it's nothing to do with piece of string ! If you are invested in MIN ? Then you must surely have an view on what it's only asset is worth as otherwise surely there would be no point in being invested ? So what do you think would be a fair figure that MIN could hope to achieve on a complete sale or it's value with a partner on board with funds to develop CS ?

[sandcrab2] 15/2/2019 11:20

How long is a piece of string Yorgi?

One can't say more than your 12676

I am astonished that this board did not have this development ready to go after 25 years though

A lot of money been lost here

[yorgi] 15/2/2019 11:19

Its actually slightly above that fireplace.......bid on 100k 2.7p at 11.19

[fireplace22] 15/2/2019 11:17

Anyway get the share price back down to 2.6 again and we can all continue with our slumbers.

[dave4545] 15/2/2019 11:14

iman

Actually yes you should not be on there having checked.

Did you know that 6-7 of the accounts you follow are the same person.

[yorgi] 15/2/2019 11:13

Sandcrab, so what do you think the site is worth as it stands with approval to develop granted but not developed as it stand ?

[yorgi] 15/2/2019 11:11

Whatever way I look at it in my opinion £7m is a crazy valuation for a company holding the prize we hold on Crete 😊

[sandcrab2] 15/2/2019 11:09

The Richard Ellis report talks about 'development value' which apparently is calculated from the value of the completed development minus the costs of development (including profit)

[yorgi] 15/2/2019 11:08

Whatever quite relaxed at this level as I remain of the view that CE and BOD will get us over the line and I hope at least worth £30m plus to shareholders........but of course nothing is certain !

[fireplace22] 15/2/2019 11:07

Assuming your valuations are correct why should anyone pay those sort of sums when an offer of £15M would buy the whole company? According to MIN's own website directors only own 1.8% of the shares so little leverage there and a bid of about 7p would give Zachary a 100% return on their warrants. It won't happen of course because there is a subtext playing out.

[yorgi] 15/2/2019 11:06

As I say sandcrab until we have a deal/deals signed and announced then it is down to doing the research and deciding for yourself what you think the site is worth as it is undeveloped.

Hopefully that will be sooner rather than later.

[pj 1] 15/2/2019 11:04

microscope- we seem to have gone from 'imminent', to 'on the horizon' and now to 'visible horizon'


Is that a positive or negative move. Any ideas anyone?


Or is someone just taking the p*ss?

[pj 1] 15/2/2019 11:01

Its impossible to value it correctly until forecast future Revenues are predicted surely?

The Greeks wont give 2 hoots how much it is worth, they will be more interested in the value of contracted work taken to build the thing, and the generation of Revenues and hence taxes, with the effect on the (local) economy.


I fail to see how any prospective operators or the local and national authorities of the site will give a damn about Minoan shareholders. Quite frankly....


Their within lies the problem I suspect.

[microscope] 15/2/2019 10:58

I absolutely believe they have indeed talked to CE. From where else would a phrase like 'Visible horizon' emanate!

Classic.

[iman1974] 15/2/2019 10:58

You can take me off that list thanks

[yorgi] 15/2/2019 10:57

Read the Align and Equity Development reports both quite detailed. After CE and BOD have secured deal/deals will we have a better idea.

At the end of the day it does not matter a jot what anyone thinks the site is valued at it is what someone/someones are prepared to pay for it whole or pay for a share of it that we know. The value of CS like anything else is only worth (I'm monetary terms) what buyer/buyers are prepared to pay.

[yorgi] 15/2/2019 10:42

If it is going to cost something in the order of £200m + to develop then it is hardly going to be worth only £30m - £80m after it is built out !!!!!!!

If that was the case nobody would ever consider developing it.

[yorgi] 15/2/2019 10:40

I think you will find that is not the case Sandcrab....... read the report.

Built out it would be valued much higher