Minoan Share Discussion Threads

[yorgi] 05/8/2020 10:45

If there is enough demand from buyers the share price will rise.

For the moment the market has not recognised the recent developments within the company which some us have......

Grossly undervalued, all the land in a most beautiful are ready to be developed and all for £5m.......makes no sense. 10 times that would not be overvaluing it in my mind and the auditors who would have been cautious valued it very close to that.

[nobbygnome] 05/8/2020 09:21

So they are holding it down. Typical! It's amazing how often house brokers seem to do the opposite of supporting the company....

[waterloo01] 05/8/2020 09:16

WH Ireland are the house broker.

[nobbygnome] 05/8/2020 09:04

The MM WHIS is sitting on the 1.25p offer and not budging. Does anyone know who they are as I have never seen them on any other stock?

[waterloo01] 05/8/2020 08:55

Can't get a quote online to buy but they will take 250k at 1.13p so looks like it wants to move up

[daicaprice] 05/8/2020 08:51

Why is that 200k at such a premium but the 150k not?

DC

[scotty1] 05/8/2020 08:49

Yep Nobby going up shortly 😉

[nobbygnome] 05/8/2020 08:38

Virtually nothing offered on the RSP at the screen price. Then there is 100k at 1.6 and that's it! Meanwhile they are bidding up for quite a few.

Going up....

[wi1l] 05/8/2020 06:39

Greece bids to attract the super wealthy



After efforts to induce investors and pensioners to move their tax base to Greece, the government is preparing a third round of incentives to attract the wealthy. It involves family offices.

Behind the deceptively “humble” title, family offices – private companies that handle a family's wealth management – can have hundreds of millions, even billions, in assets.

[yorgi] 04/8/2020 21:32

Microscope, I have posted before that Covid could possibly have a positive effect for the project.

Possibly seeing some if not a large part of the area being developed for long term residency for those with money wanting to get away from the more heavily populated areas. Just a thought and possibly not but I wouldn't rule it out. While I doubt any of us would have predicted what we have seen in the last few months in Europe but it might now be focusing some minds now could there be another to follow could this be only the first......who knows.

I expect the scientists will eventually develop a vaccine but until we have it and if C-19 were to come back in a different strain.......

So I can see the attraction for areas like Cavo Sidero even greater than the natural beauty of the area for anyone wanting to escape the more urban areas.

Just a thought.

I do absolutely agree no more delays.

[microscope] 04/8/2020 20:48

Indeed Waterloo, the more I think about it,the more I do think the balance of risk at this shareprice is now more favourable than at any time in the last two years, despite the twin threats of further Covid waves and the lack of cash, which do remain real issues.

However they do now have a 12 month window of opportunity, and this time simply must not waste it.

So Egleton's favourite soundbyte over many years that the next twelve months is the most exciting in the company's history, needs to come true at last.

There can be no more delays or excuses.

[wi1l] 04/8/2020 15:58

Well we all seem convinced that the project has alot going for it now in many ways none more so as an undervalued investment on the brink of coming good.

Just got to convince the occasional wealthy investor/developer that that is the case!

[waterloo01] 04/8/2020 15:33

Indeed, if the market wakes up to the fact of his involvement, I suspect we wouldn't have a 1.1p share price Guess that's part of the opportunity. While it's public knowledge, it's really only us who 'know' about its significance down here in AIM tiddler land.

[yorgi] 04/8/2020 15:25

Once again spot on in my opinion with post 15020 Waterloo.

[yorgi] 04/8/2020 15:24

That must have been a sobering moment Waterloo when that dreadful news hit in August 2018.

[yorgi] 04/8/2020 15:21

I saw that Will......The New Bridge completed in 2 years, I was impressed it shows what can be done. Credit to all involved.

[waterloo01] 04/8/2020 15:21

Indeed he did and his team involved in drawing many of the plans at Cavo Sidaro. As an aside, I travelled across that bridge a few days before the collapse, as I have many times on my way from Genoa airport.

[wi1l] 04/8/2020 15:18

And FWIW I saw Renzo Piano on the news yesterday credited (I believe)as the architect used in rebuilding that collapsed flyover in Italy.

[waterloo01] 04/8/2020 14:55

I think it's a game changer in dealing with serious players and I'm sure his name and maybe presence will be 'wheeled' out at some opportune moments. Who knows maybe at some point someone in the City will ask him what he's up to now and hope MIN is one of his 'projects' (that sort of press would help somewhat!) but regardless it gives Minoan Group a great deal more credibility in closing what would be a major investment in Crete and of 'strategic' importance to Greece.

[yorgi] 04/8/2020 14:48

Agreed Waterloo but for the present the market wants to see some evidence the project is moving forwards it appears.

We are now in a position where are lender's interests are aligned with shareholders interests which surely is a good position to be in.

[waterloo01] 04/8/2020 14:36

The Hallers managed to screw MIN at almost every stage, and they used the company and CE to try and build a travel agency brand, partly at our expense and certainly to our cost.

DAGG is a completely different group. All were already shareholders, some very large holders who have supported the company throughout. Gilbert must also have already been a holder as the statement I think mentioned a group of existing holders. The fact he's now, post Aberdeen decided to both increase his investment and exposure is significant and I think he brings with him a much needed 'credibility' as and when they talk with significant investors. His involvement gives me and should all holders a lot of comfort that it will eventually come good.

[yorgi] 04/8/2020 13:13

Thanks Will, I had a quick look but that is history and we now as far as MIN is concerned and MIN will be in a totally different position with lenders who I believe will be supportive of the company and contribute in positive ways in supporting the BOD to taking the project forwards.

[yorgi] 04/8/2020 13:09

Microscope I think MIN is is a far better position now in light of the recent developments. I agree with Waterloo's last post that the market has not caught on yet and I'm quite sure he is correct with his last comment.

[wi1l] 04/8/2020 12:55

If you google shaft sinkers holdings Yorgi it may become clearer (Hillside lent them some money as well,shaft sinkers defaulted and went bust and Hillside/Hallers took over - simplified version)

[microscope] 04/8/2020 12:47

Thanks for the clarification. If they can get partners sorted this year for The Project itself, it would be a big help. The company have never been in a rush to do anything but that has to change now. Finding investors in tourism post-Covid will obviously not be easy but needs to be addressed while they have leeway with the loan.