Minoan Share Discussion Threads

[daicaprice] 27/10/2020 07:29

Shame it wasn’t “another asset in the same destination”

DC

[wi1l] 26/10/2020 16:35

TUI’s Plans Include Opening More Hotels in Greece



Speaking during the Prodexpo 2020 virtual real estate event, TUI Hotels & Resorts Head of Project Scouting Dieter Kornek said that prior to Covid-19, TUI was in fact discussing and negotiating new projects.

“We opened this year one hotel in Greece – the Club Robinson on Crete – and were discussing other assets on other destinations, but due to the pandemic we put all these projects on hold and hope that with the recovery next year we can also grow but through an asset-light strategy,” Kornek said.

“I hope that next year we can at least sign some of these projects,” he added and referred to the possibility of TUI adding another two or three new openings in the Greek market in 2022.

[atlantic57] 26/10/2020 14:15

Given Minoan only work at one speed ,which If we seriously expect to be starting 2021 with nothing announced by way of rns then it is difficult to envisage circumstances where Gilbert can deliver a signed and sealed deal in the time that remains before the loan must be repaid.

As an accountant with practical experience of being involved in deals nothing in my practical experience comes close to the Min Saga of ‘We are in talks “ which are never followed up with any announcements.

[wi1l] 25/10/2020 14:23

An interesting read:

Destinology sold to Stewart Travel parent Brooklyn Travel Holdings



Stewart Travel owner Brooklyn Travel Holdings has acquired online luxury tour operator Destinology from Saga for an undisclosed sum.

Actions speak louder than words.

That's the third deal in two years by Wilson, Cassidy and Green since they left Minoan Group. Men of action obviously. We seem to have been left with those who just seem very capable of fine words! But I hope they prove that they can do the odd deal or two as well.

[atlantic57] 24/10/2020 09:36

1. DAGG will effectively acquire the Existing Loan, amounting to circa £1.136m at today’s date, from the existing lender (“Zachary̶1;);

2. the existing security and current interest rate of 10% per annum will remain in place and the Existing Loan will be extended to 31 July 2021;

So we will have to have an update by then.

[wi1l] 24/10/2020 08:20

Apart from more words from the interim accounts:

Outlook

"As Covid restrictions begin to relax, we look forward to updating shareholders in the coming period as we progress discussions with partners and prospective partners toward beneficial conclusions".

Christopher W Egleton

Chairman

17 August 2020

[wi1l] 24/10/2020 08:03

Very acceptable DC!

More words from the annual accounts:

Outlook

"With the impending easing of Lockdown restrictions I expect to provide further updates in the next few months as all our efforts are focused on ensuring that the Group and its stakeholders reap the benefit of the years of hard work that have gone before."

Christopher W Egleton
Chairman
14 May 2020

All very well and what everyone wants to hear but we are nearly into November and unless I am mistaken not one update........................silence!

[daicaprice] 23/10/2020 18:11

Sorry wi1l, you are a very close 3rd though mate.

DC

[daicaprice] 23/10/2020 18:08

Nice to see my 2 favourite posters with whatever opinions, it feels like a lifetime but some old religious geezers should be close to a final croak by now.
The economy, employment, infrastructure and diminishing religious hold in a newer generation will start to make their voices heard.
I hope.

DC

[wi1l] 23/10/2020 18:00

Its just words atlantic and we all know actions always speak louder than words.

And when it comes to age the current BoD must be running away with that one accolade. Probably all very capable in their prime but old age takes its toll on one's ability so unfortunately now they seem to be just left with words.

The opportunity is there for all to see, the conditions couldn't be better, the Minoan jigsaw virtually complete,its a great shame all we get at best from them these days is just words at worst a silence.

[atlantic57] 23/10/2020 17:08

Guess until we get news on progress it will drift up and down on any volume.

If we get an rns statement signifying that tangible progress has been made ( Not rumour or opinion) then shares could spike sharply higher instantly to reflect the gap between the asset value shown in the accounts and the current market cap.


However the boards consistent policy of announcing that we are in talks and then delivering zero does not help.


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

I Really don't understand why the board the make these statements...

[waterloo01] 23/10/2020 16:35

Someone got mugged today bellow 1p. Guess until we get news on progress it will drift up and down on any volume. Annoying though.

[daicaprice] 20/10/2020 10:53

Hefty 363k buy @1.375p, didn’t have to pay a premium either.

DC

[wi1l] 20/10/2020 08:42

But not any more! Is it really hand to mouth or taking the proverbial?

[wi1l] 20/10/2020 08:42

Well as a result of that massive sell you can now buy 10K max.

[wi1l] 20/10/2020 08:18

Online shutters a firmly down again for both buying (5K Max) and selling (15K Max with 3 still on the bid). Can change in an instant but didnt all of yesterday. I can understand blocking one or other but both? Any ideas??

[wi1l] 19/10/2020 08:20

FWIW the online gates are shut on both buying (virtually zilch) and selling (max 15K and yet three on the bid?). Must be a reason for this. Can only assume more of the same on Friday is being organised??

[wi1l] 18/10/2020 10:17

Something a little more positive:

Greek island of Crete remains a safe destination for UK travelers



The British government announced on Thursday 15/10 that it has added Crete to the list of safe destinations, a decision that means that those who arrived in Britain from the Greek island will no longer need to be quarantined.

[daicaprice] 16/10/2020 14:50

That is one depressing thought atlantic, rather hoping for something this side of Xmas never mind June.

DC

[atlantic57] 16/10/2020 11:48

Yes Hugo Fine
When will news break?

I guess they will have to make an announcement by June 21 otherwise Gilbert will be off.

[hugothesecond] 16/10/2020 11:42

There’s no smoke without fire.......I would not want to be out of this share when news breaks.

[daicaprice] 16/10/2020 11:18

There we go all matched up.

DC

[hugothesecond] 16/10/2020 11:03

We see two largish sells but no price fall. Buyer in the wings.

[daicaprice] 16/10/2020 11:00

Not sure I like 1.5m being dumped, probably the same seller as well I’d guess.

DC