Minoan Share Discussion Threads

[wi1l] 03/8/2020 08:08

Not to my knowledge. Someone had a bit of forward thinking back then, it occurred to me they might well be more valuable now, I wonder what happened to them?

[daicaprice] 03/8/2020 07:23

I have to say I have no recollection of the solar energy licences being bought, have they ever been mentioned anywhere since?

DC

[wi1l] 02/8/2020 08:56

And what about....

18 November 2009


Minoan Group Plc
("Minoan" or "the Company")


Acquisition of Solar Energy Licences;
Board Changes


Minoan Group Plc, the AIM-quoted leisure resort developer, is pleased to
announce that it has agreed terms to acquire licences to develop two solar
energy projects in Greece. These acquisitions will represent the Company's first
development of a planned expansion into the Greek solar energy sector, a market
with compelling cash-generation characteristics.


The overall cost of these initial projects will be in the region of Euro
800,000, and it is envisaged that funding for this development will be provided
from a mixture of equity and debt.

[wi1l] 01/8/2020 09:15

Whatever happened to:

"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."
Chairman
8 April 2019

[wi1l] 01/8/2020 09:01

Building plans to be put on fast track procedure



Greece's Environment and Energy Ministry put up a draft bill for public consultation yesterday that includes fast tracking building plans throughout the country, in a move welcomed by industry officials who see the change as being able to spur new business activity.

[wi1l] 01/8/2020 08:29

Interesting microscope, more so as its the first time anyone has considered timescales on the company's development of the project. Its now time to move on to this side of things, thank goodness!
Under Rest of 2020 - announce partners - would IMV read more along the lines of: announce partners and disposal of land or words to that effect .i.e IMV that would be when the first divi would be paid depending on the % of the project JV - the company would be providing the land and receive the main consideration at that point IMV.

[microscope] 31/7/2020 18:46

Trying to figure out a realistic timetable from here. My 2p.Rest of 2020. Announce partner(s). Apply for local permission for first developments.Spring/summer 2021. More partners, tractors (sic ?) move in. First developments built. Planning for most other parts of Project. Staff employed2022. First guests, and revenues, other building works and golf course etc well underway.2023 Site fairly close to completion. Revenues at a decent level now2024 A ........Dividend..... And value being realised properly....Wildly optimistic? Too pessimistic?PS: There might be the odd fundraising along the way.... :) And these might be the mad musings of an eccentric (eternal?) optimist! Your thoughts invited!!

[daicaprice] 31/7/2020 15:56

Dunno but that 500k @1.25 doesn’t look right, excellent price for 500k if it is.

DC

[wi1l] 31/7/2020 15:50

Well what's going on here??

[wi1l] 31/7/2020 07:33

Carrots for holiday home buyers



The Greek property market is evolving into the promised land for aspiring holiday home buyers from around the world. This is thanks to a series of targeted interventions by the government in addition to the existing instruments for the attraction of investors/buyers, and to the country’s inherent advantages.

[wi1l] 30/7/2020 09:57

Too true Yorgi,it will probably drift that way if there's little or no buying and its a bit slow today. MM's looking to pick up more at these levels.

[yorgi] 30/7/2020 08:30

Some might find it encouraging Will that they can buy at a lower price than a few days ago.

[yorgi] 30/7/2020 08:28

Re post 14979 I’ll echo Waterloo’s comments and say no more.

[wi1l] 30/7/2020 07:57

1.20p - 1.70p! That should come down to 1.20p - 1.30p but possibly encouraging sign? (not for those looking to buy though)

[nobbygnome] 29/7/2020 21:04

Is pj ever happy.....

[waterloo01] 29/7/2020 20:59

Pj. Give it a rest. You haven't held any for sometime. I get your view but we're all able to make up own minds based on where they are today.

[daicaprice] 29/7/2020 20:56

PJ I think we all know we will not hit the expectations of 2012 due to dilution and laziness as much as anything, we have been discussing where between 6p and 12p we think we may finally descend to.
I’m not trying to be ramping or deramping, just giving my own expectations, I think 6-8p others still think above 8p and I sincerely hope they have more luck in their guess than I.
We have all been here for more years than we care to remember and I think we all agree now that there is a 4X premium at least to where we currently are.
Good luck in any decision Min wise.

DC

[pj 1] 29/7/2020 19:42

Total silence.


PJ 128 Jul '20 - 12:44 - 14972 of 14978 Edit
0 2 2
yorgi15 Nov '12 - 18:12 - 9 of 14971

Yes we know CE particularly and other directors are extremely well paid and that is not uncommon throughout PLC's be it AIM or companies on the main market but if they deliver then fine but if they don't then we have been........!!!!!!!
============================================================================

''Shafted'' I think is the missing word YORGI.

MIN will never ever hit the expectations from 2012.

[yorgi] 29/7/2020 09:54

DC as we know 6p is pretty much 4 times the present share price but I would think that is a conservative estimate and I believe we could be seeing more than that.

As we now know there is new blood taking an interest and they clearly see upside value from here I’m quite sure.

[wi1l] 29/7/2020 08:48

My expectations here go up and down like a yo-yo DC but I always go back to what the main shareholders have paid between 4p - 6p as my starting point. They must have a better idea as to the projects value and they are still investing but how much its value is ? still pure speculation for us. When (and if) they complete their first JV we will all be able to have a better idea of the value of the whole.

[daicaprice] 29/7/2020 07:44

Closer to 6p than 12p is just under 9p downwards, are you expecting over 9p wi1l? I’m certainly not anymore and I would take 6p happily.

DC

[wi1l] 29/7/2020 07:36

Even fully diluted 6p equates to a market cap of about £32M DC?

The current market cap is about £6M.

The auditors must have seen evidence to suggest the value of the inventory is £45M plus.

Hopefully it wont be long now before we find out what the project is really worth at this point in time, one things for sure, it must be worth far more than £6M.

[daicaprice] 28/7/2020 23:55

All interesting stuff, I have to say DAGG do look as though they mean business and could drag MIN kicking and screaming towards a deal and some shareholder value, albeit closer to 6p probably than the 12P I thought we may get many moons ago.
Positive stuff all told.

DC

[wi1l] 28/7/2020 21:59

Another partner in DAGG LLP is Ismail Ghandour who appears to be someone of substance too - CEO of Ace Liberty & Stone plc.

"Business strategy and investment planning. Evaluating potential transactions and selecting the most beneficial to the Company. Adding value to Company properties with judicious development. Maintaining close working relationships with a wide range of property industry contacts. Leading the Company’s activities.

Ismail is the founder and a driving force behind Ace Liberty & Stone’s rapid growth . His vast experience in handling property portfolios enables him to play a vital role in selecting properties and deciding when best to sell them."

Ace Liberty & Stone have £100M property portfolio generating £6M rental income pa.