Minoan Share Discussion Threads

[wi1l] 22/5/2019 12:21

A bit more buying should be rewarded with a jump upwards.

[pj 1] 22/5/2019 11:43

On the 28th November last year, the share price spiked up 50% on a fake twitter article which had been published 4 years ago, and revamped with a false date, but with no web page connection, hinting at negotiations progressing, and lots bought into it


Yesterday Will found a live up to date article with can be referenced inferring things have moved on somewhat, (albeit from Greece), and no-one bothers with it.


Bizarre

[pj 1] 22/5/2019 11:34

Why not? The RNS has to have undergone Due Diligence by the NOMAD, so we at least know something has happened. Verbally terms were agreed, which again the NOMAD will have had to see evidence of.

If it will complete is maybe another question.

[pinkfoot2] 22/5/2019 11:26

Do you seriously believe there is anything approaching a deal?

[pj 1] 22/5/2019 10:49

''In that respect the Group can disclose that it has recently received an early stage written approach that, if it were to progress, would result in the formation of a joint venture ("JV") with the objective of developing one of the five hotel and villa areas within the Project. The proposal would see the Group contributing land with an ascribed value to the JV and its JV partner providing equity, project finance, development expertise, and established links with an international hotel group that is a proven operator at the luxury end of the resort and villa rental market. Any transaction would include the right for the Group to monetise a large part of its JV interest. The discussions around value indicate that, if completed in line with those discussions, a figure would be realised at an indicative value which the Board believe that shareholders would find attractive.
At the current time, because due diligence is being carried out on the proposal and the counterparty and various conditions precedent and details are being either satisfied or determined, there can be no certainty that the approach will progress to an agreed transaction.''


I suppose it begs the question what ''recently'' means in Minoan speak? 2 months previous to the RNS? Who knows.


But surely Due Diligence cannot still be being conducted after 2 months? Especially as it seems all other terms including £££;'s have been agreed? Which, is somewhat in contrast to ''an early stage written approach'', which seems to be a bit of a smoke screen to me.

[the covert wanderer] 22/5/2019 10:11

No reaction at all so just distorted read material from the Publisher.

[pj 1] 21/5/2019 22:26

''final stages'' and ''advanced discussions'' is certainly a big positive from the last RNS ''early stage'' comments ref. JV , if true!!

[wi1l] 21/5/2019 20:46

Major Combined Tourism and Real Estate Projects Look Set to Mature:

www.greece-is.com/news/marriage-of-tourism-with-real-estate/

[wi1l] 21/5/2019 13:24

Thank you.

[daicaprice] 21/5/2019 09:29

Sells, just been offered 2.32p for 100k.

DC

[wi1l] 21/5/2019 09:08

Well is that someone buying or selling at 2.30p, it seems neither and happened yesterday too. All served to confuse. Or is it just a tfr between mm's?

[atlantic57] 20/5/2019 08:36

The first deal announcement is awaited as the barometer of things to come.

[pj 1] 20/5/2019 08:27

250% -ish premium take out at WYG, so it's not impossible for large take overs to suddenly emerge out of the Blue..... No evidence either of any leak whatsoever by the chart.

[pinkfoot2] 20/5/2019 08:23

Well staying on the sidelines has saved me a fortune so far-I will buy in when the first deal is done-not because they just need more cash

[pj 1] 20/5/2019 08:02

Well, yes but a massive but.....A bid could come in at any time for any Company, every Company is for sale.

[sandcrab2] 20/5/2019 08:00

I think the market is overlooking here that a bid could come in AT ANY TIME

[wi1l] 20/5/2019 07:19

MINOAN GROUP PLC
("the Company", Minoan)

Significant and Directors' Shareholdings

Following the issue of Shares and Warrants, as announced on 10 May 2019, Minoan Group Plc has been notified of the following Significant Shareholdings in, and the percentages of, the total of 404,917,083 Ordinary Shares of 1p each now in issue:

Mrs L A Adams - 23,047,169 shares, 5.69%

P D Raby - 33,663,965 shares, 8.31%

N Day - 49,199,466 shares, 12.15%

The Company has also been notified that the shareholding of Mr M & Mrs L Dvorkin is now below 3% of the current issued share capital.

As announced on 24 April 2019, the following shares have been issued to Minoan's directors at 3 pence per share:

B D Bartman 6,333,333 shares, which increases his shareholding to 7,344,167 shares

G D Cook 5,000,000 shares, which increases his shareholding to 8,311,123 shares.

[wi1l] 20/5/2019 07:15

MINOAN GROUP PLC
("the Company", Minoan)

Significant and Directors' Shareholdings

Following the issue of Shares and Warrants, as announced on 10 May 2019, Minoan Group Plc has been notified of the following Significant Shareholdings in, and the percentages of, the total of 404,917,083 Ordinary Shares of 1p each now in issue:

Mrs L A Adams - 23,047,169 shares, 5.69%

P D Raby - 33,663,965 shares, 8.31%

N Day - 49,199,466 shares, 12.15%

The Company has also been notified that the shareholding of Mr M & Mrs L Dvorkin is now below 3% of the current issued share capital.

As announced on 24 April 2019, the following shares have been issued to Minoan's directors at 3 pence per share:

B D Bartman 6,333,333 shares, which increases his shareholding to 7,344,167 shares

G D Cook 5,000,000 shares, which increases his shareholding to 8,311,123 shares.

[wi1l] 20/5/2019 07:12

So you are going to stay on the sidelines, talk the talk in a (hopefully vain) effort to keep the share price down and let those really in the know substantially increase their holdings!! Each to his own.

[pinkfoot2] 19/5/2019 23:02

I think an offer would have been forthcoming by now-a near 90pc discount to ahem ...purported NAV!Board are very clear the JV route would be their preference-if they can do one deal for a bit of the site,that will provide much needed verification

[wi1l] 19/5/2019 19:51

All very well but what happens if there is an offer for the whole company?? Not to be ruled out by any means. Regrettable to those waiting on the sidelines!?

[pinkfoot2] 19/5/2019 18:43

I think there will be plenty of time to jump on board-even an announcement of a JV will take time to digest and generate value.Its clearly very early stage if there is anything afoot and as I said before, there is no chance of this having beds on the ground within 4 years in my view.

[wi1l] 19/5/2019 12:54

Well i was one who added in the open offer. In it for the JV etc coming good not a short term trade. Hopefully tomorrow will bring about a swing in the opposite direction.

[pinkfoot2] 19/5/2019 12:15

To be frank,other than they have ‘planning̵7; there is nothing else to be positive about matey.They have even screwed the £240k that went in a few days ago by 20pc-that’s an amazing achievement.