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MIN Minoan Group Plc

0.75
0.05 (7.14%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Minoan Group Plc LSE:MIN London Ordinary Share GB0008497975 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.05 7.14% 0.75 0.70 0.80 0.75 0.70 0.70 3,581,527 08:34:33
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Hotels And Motels 0 -1.07M -0.0013 -5.77 6.17M
Minoan Group Plc is listed in the Hotels And Motels sector of the London Stock Exchange with ticker MIN. The last closing price for Minoan was 0.70p. Over the last year, Minoan shares have traded in a share price range of 0.475p to 1.275p.

Minoan currently has 822,091,319 shares in issue. The market capitalisation of Minoan is £6.17 million. Minoan has a price to earnings ratio (PE ratio) of -5.77.

Minoan Share Discussion Threads

Showing 17526 to 17550 of 32400 messages
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DateSubjectAuthorDiscuss
18/8/2020
12:20
I'm suggesting that there is a creeping ownership of the company by directors and their associates (at minimal cost)through repeated placings and the loan refinancing.
fireplace22
18/8/2020
12:14
What are you suggesting fireplace? The directors have taken something like £150k in the last weeks and previously have converted loans into shares at 2.75p.

No director has ever sold a share as far as I'm aware.

waterloo01
18/8/2020
12:06
nico seems to think the director buy was key, maybe he should do a little research and note the buys of the director of the subsidiary company and others of related parties. Not to mention MIN's previous history of incestuous dealing.
fireplace22
18/8/2020
11:23
So much confidence from so many. What you waiting for then folks? 125k available online inside the spread :)At least good to see Nico and Nobby here, two investors I have a lot of time for
microscope
18/8/2020
10:15
Thanks Nobby Not surprised The director buy was key for me It's a substantial amount to invest for a director (granted no idea relative to his wealth )
nico115
18/8/2020
10:05
Good to see Nico here. I too have bought some more this morning. The screen price is a bit false because there aren't many shares offered, yet they are bidding up for loads.
nobbygnome
18/8/2020
10:01
Follow you and sellOr stay in as director bought 50k worth ?Hmmmmmmm
nico115
18/8/2020
09:22
I've added a few. £5m market cap is about than the price of one completed top end villa. They could, depending on the configuration build 500 plus villas and still have 450 hotel beds.
waterloo01
18/8/2020
07:38
Scotty, you still in here ?

What's your take on this atm ?

sandcrab2
18/8/2020
06:59
Ducks all in a row now for 1.7p-2.0p MBO/DAGG buyout.
fireplace22
18/8/2020
06:45
atlantic, I don't think things have changed re the end game. I also suspect that's the price demanded by Pello to bring in some new HNW investors (and the extra from a director)and understand they were talking with MIN once the loan was sorted and placing was being done and wanted in at the same price for their client but hope it's the last dilution till we see progress.

The fact that a director has added again should give some comfort that it is shareholders who will see the ultimate benefit of deals as and when they are delivered.

waterloo01
18/8/2020
06:38
Grahame Cook subscribes to another £50,000 worth of shares, to add to Egleton, Day and Raby additional £125,000 investment - Starting to speak volumes IMV.

Working Capital to last at least a year, probably 18 months with directors pay being held until they get a result on the project.

STILL ALL TO PLAY FOR IMV!

wi1l
18/8/2020
06:30
Ok Guys can someone explain to me :

1) We are " well undervalued" yet new investors are only willing to pay 1.1 p well below the prevailing price of just a couple of days ago.

The Price that an arms length investor is prepared to pay is surely indicative of intrinsic value.


2) How many shares will be in issue by the time they actually do a deal ?


3) Yesterdays announcement appears to confirm a change of tack from Min.

The final push appears to be developing the project over many years say 5 to 20 as opposed to selling the whole project.


4) The Church have very onerous terms agreed in their contract still no rns to show that they have budged.

By all means look forwards based on making judgements today.

outside investors have made that judgement and put money in at 1.1 p as i read it

atlantic57
18/8/2020
06:19
More director buys along with some new investors via Pello and now cashed up. Everything on place for the final push!
waterloo01
18/8/2020
06:18
Well I have to say I wasn’t expecting that this morning although it would explain the muted reaction to yesterday’s update.

DC

daicaprice
18/8/2020
06:07
18 August 2020

Minoan Group Plc

("Minoan" or the "Company")

Placing and Subscription

The Directors of Minoan are pleased to announce a successful placing of, and subscription for, ordinary shares arranged by Pello Capital Limited. The total amount raised is GBP250,000. The shares will be issued at 1.1p per share and the placees/subscribers will also receive one warrant to subscribe for an ordinary share at 1.4p per share for every three shares taken up in the placing/subscription. The warrants will have the same terms as those issued in relation to the refinancing with DAGG LLP as announced on 21 July 2020.

A total of 13,909,091 shares in the Company have been placed by Pello Capital Limited with private investors at a price of 1.1 pence per share. A further 8,818,183 ordinary shares have been subscribed for on the same terms as the placing shares, including 4,545,455 ordinary shares by Grahame Cook, a non-executive director. The shares are expected to be admitted trading on AIM on, or around, 21 August 2020.

Chairman's Comment

I am very pleased to be announcing this successful Placing and Subscription, which follows the Company's Interim Results Announcement and the previously announced Refinancing.

As stated in my Chairman's Statement in the Interim Results Announcement, with the global lockdown beginning to ease we will accelerate the discussions with parties interested in participating in the Project.

wi1l
17/8/2020
17:36
Very clearly Waterloo - I reiterate my buy stance given the recent new investor coming on board.
hugothesecond
17/8/2020
17:01
Hmmmm, so shall I listen to pj....or waterloo.......

At some point in the near future I will be buying a load more!

nobbygnome
17/8/2020
16:43
Excellent 2 year summary waterloo, now it’s time for action.

DC

daicaprice
17/8/2020
16:22
We are where we are and there is no denying that it's taken a long time to get to here, but until 2019 they were still battling to get the contract confirmed, which eventually came with the unappealable planning consent via Presidential decree and the assignment of the project as one of 'Stategic' importance to Greece.

Should they have concluded a deal by now? Probably yes, but I think they wanted to get the best return (for shareholders) and one suspects got 'distracted' by a number of issues, including last year Greek elections, during which nothing much happens. However the election of a much more favourable govt towards business and inward investment, has so far made a big difference, as seen by the inward investment, before COVID struck. All of those are reflected in a market cap of £6m.

So while some of the delay was in the companies hands, not all of it was, however, having had numerous chats with the company, I get the very strong feedback that the BOD and all the large holders are aligned, in getting this finally over the line. The directors are not currently taking any fees/salaries, we have new and influential investors on board, and I'd expect others to follow Gilbert, so yes the past isn't 'glorious' but the future should be.

waterloo01
17/8/2020
16:07
Bitterness is a characteristic never admired and unfortunately for the bitter person does them far far more harm than it ever does those that is directed at.
yorgi
17/8/2020
15:46
Its a shame they weren't brave enough three years ago to take on the development of the project themselves, instead of all this faffing about, looking for partners who appear and then disappear into the ether just as quick. They would have probably completed the project more or less by now and we would all be looking at a substantial bank balance and a significantly higher share price!
wi1l
17/8/2020
15:33
"The absence of a single offer in 3 years is telling me that something not right here."
My personal opinion is that many suitors have come to talk only to find out CE won't let any part go without holding on to control of the project or part thereof, and they then walk as they know there's no money left in the "controlling party". No one is going to want to subsidise CE & Co after they've done some due diligence and found out how things have progressed (sic) over the years

bayetya
17/8/2020
15:14
A review of past performance against statements

2/5/2007 Share price 87p

30/7/2013 The coming year promises to be the most significant and transformational in the Group’s history.” Share price approx. 6.2p

1/4/2014 look forward to reporting to shareholders on further significant progress in all areas of the Group’s business over the next twelve months 10.2p

31/7/14 I look forward to reporting to shareholders on further significant progress in all areas of the Group’s business in the next few months. 11.9p

30/3/15 The coming months promise to be very exciting for the Group, 12.9p

31/7/15 I expect to be able to update shareholders with positive news. 9.8p

30/3/16 The next year is destined to be the most exciting and fruitful for the Group, its shareholders, Directors and staff and I look forward to making further announcements in the future. 8.8p

14/7/16 whilst there are momentous events over which we have no control, we have never been closer to fulfilling our substantial potential. 7.1p

31/3/17 The next year is destined to be the most value enhancing in the Group’s history and I look forward to making further announcements in the future. 11.6p

26/7/17 The forthcoming year looks set to be a transformational period for the Group 8.9p

14/12/17 the Board has carried out a review of the Group's operations and it believes that we are now entering a period that will be key to delivering shareholder value 7.2p

6/4/18 the Company’s share price performance has not fully reflected this achievement....what I believe will be very welcome news over the coming months. In July last year I said that the next twelve months were likely to be the most rewarding in the Company's history. I remain convinced that we are in the most rewarding period in the Company's history and that 2018 will see major developments 5.9p

31/7/18 approaching a very rewarding period in the Company’s history and that the latter part of 2018 will see major developments.....pending what I believe will be very welcome news over the coming months. 5p

20/9/18 the Company remains hopeful that the next twelve months should see significant progress toward the monetisation of the Project. 4.25p

8/10/18 Minoan's project in Crete is the only large scale project that has been fully consented through a Presidential Decree which, in the light of the ever growing market demand for top quality leisure accommodation in Greece, is significant and bodes well for the future of the Project and its value to the Company as well as to prospective investors and partners. 3.35p

8/4/2019 We are hopeful that 2019 will finally witness the commencement of the realisation of the value of our Crete project...I and my colleagues believe that 2019 will finally witness the beginning of monetisation of the Group's interest in the Project and hope that the market value of the Group begins to reflect that of its assets as further news of JVs and other transactions materialises...... 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. The Team's initial work is now largely complete and some of the designs will be incorporated into the Minoan Group website in the near future so that shareholders have a better view of their Company's Project.
Shareholders should also be aware that we are already beginning to see the benefits of the appointment of such a Team and the substantial increase in credibility which it brings to the Project.1.9p


24/4/19 The Directors believe that the demonstrable strengthening of the balance sheet, the increased stability, and the reduction in liabilities arising from the Proposals, taken together with the measures outlined in the Chairman's statement accompanying the Report and Financial Statements will greatly assist the Group in its ongoing discussions and negotiations with third parties. 2.4p

31/7/19 The new Government and the active encouragement of investment it has proposed allow my colleagues and I to have real confidence that we will be able to achieve our ambitions in the foreseeable future. 2.15p

29/04/2020 The directors appreciate shareholders' patience in these matters and reiterate that they do not feel the current situation in any way lessens the potential of the Project. If anything its flexibility, location and size make it highly adaptable to changing needs. 0.825p

17/8/20 we look forward to updating shareholders in the coming period as we progress discussions with partners and prospective partners toward beneficial conclusions. 1.3p

pj 1
17/8/2020
15:12
''Over the last few months, we have issued a number of updates in order to keep shareholders informed of progress. We will continue this practice as we move towards delivery of the Project and its value.''

''Move towards delivery'' i.e. they are currently no where near delivery.

''engaged in constructive dialogue with the Foundation''- Have they ever mentioned this before. Why mention it now? Dialogue about what? Non performance?

''launched a new website''

- it took us 12 months to launch a revamped bloody website. Jeez. Come on, this is ''headline''?

''I now expect a number of discussions to accelerate towards beneficial solutions for all stakeholders.''-

Oh ho... ''solutions'' not ''returns''. Oh dear. What solutions? Sounds ominous to me. What happened to benefit shareholders?

''we look forward to updating shareholders in the coming period as we progress discussions with partners and prospective partners toward beneficial conclusions''

- still ''discussions'' after how many years? Beneficial conclusions for who? Again, Why do they not mention to benefit shareholders?

Why no update on ''negotiations'' and previous negotiations referred to. What happened to the negotiations?

All IMO

pj 1
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