Minoan Share Discussion Threads

[atlantic57] 06/11/2020 17:05

Dc your posts make good sense.

Unless the board are able to announce something tangible we have the usual meaningless waffle.

As for the begging bowl If this drags onto the first quarter of 2021 that must be a certainty.

What happened to the advanced talks that were held in dec 2019 ?

The red hot favourite will be an offer from Dagg to pick the whole project for say 2p.

The bod seem incapable of finding anyone who will make an offer for any part of the site.

[daicaprice] 06/11/2020 16:24

I think we will see something with a little more substance before Xmas, just a little boost to morale.
Just pray it isn’t followed by a begging bowl.
Have a good weekend all, looking forward to a few pints in the pub come Monday.

DC

[hugothesecond] 06/11/2020 11:44

That will then take to the half year results where they will ‘talk up’ the discussions ready to do the first deal in the 2H.

[atlantic57] 05/11/2020 20:30

That is very true Hugo we are always 3 months away and when we get there management conveniently forget what they promised.

So first quarter 2021 is the latest .

[hugothesecond] 05/11/2020 19:00

Nothing new in the article - still jam tomorrow. Always 3 months away from any news !

[wi1l] 05/11/2020 15:20

However -

"Discussions with interested investment schemes continued, as Minoan Group wishes to include other investors in the development of its tourism investment, amounting to 270 million euros. This will happen either through the direct assignment of the right to exploit parts of the area or through the establishment of joint ventures for the joint development and operation of individual infrastructures, such as e.g. the golf course or hotel or even part of the residential complexes provided."

And believe it or not -

"According to information, it is possible that there will be relevant announcements by the end of 2020 or within the first quarter of 2021."

Sounds promising (from hopefully a reliable source)

[atlantic57] 05/11/2020 10:15

That is a helpful post Dc that lifts the veil on what is going on behind the scenes !

On paper this project should be flying with numerous investors fighting to get a piece of the action.

Yet for some reason it is not ...

After the "green light" from the CoE, the British of the Minoan Group had not shown any mobility or "enthusiasm" to proceed with the tourism project, which has been "dragging" for almost 25 years

[daicaprice] 05/11/2020 10:03

Most of the article is known to us but there are a couple of encouraging comments.


Opportunity within COVID-19 states that the British investors of Toplou Monastery see

And yet! After a period of prolonged ... silence, the British investors of Toplou Monastery declare "present" and even say that they see in the whole pandemic a great opportunity for their much-discussed investment project in Cape Sidero! Although on the one hand it points out that COVID-19 has trained the course of its negotiations with interested strategic investors, on the other hand the British company Minoan Group Plc. estimates that the pandemic opens from now on, and in the coming years, a significant investment opportunity for itself.

What is this opportunity? That, due to the new conditions that have formed with the pandemic, the interested buyers of tourist houses or the interested clients-visitors start and turn to options that offer greater isolation and therefore security. That is, characteristics that will govern the investment in Cape Sidero or any parts of it that will be promoted faster, obviously referring to the part of the tourist residences that will attract European officials to a large extent.

In particular, according to the management of Minoan Group, the pandemic is expected to work for the benefit of the investment, as the needs of prospective visitors or buyers of tourist homes have diversified towards greater privacy and isolation. These are elements that are offered in great sufficiency by "Itanos Gaia", as the facilities are to be developed in a huge area, with an area of ​​25,000 acres. At the same time, according to the company, the investment will benefit greatly from the recent government regulation to attract retirees, mainly from Northern European countries. The regulation provides for the transfer of their tax headquarters to Greece, in exchange for the reduced taxation at a rate of 7% for the first ten years of their stay in the country.

Apart from the need for a double taxation agreement between Greece and the country where the pension is issued and paid, the condition is that the pensioner resides in Greece for at least 183 days.

Meanwhile, as reported by "Kathimerini", the negotiations of Minoan Group Plc are in full swing. with interested strategic investors regarding the financing and development of the organized tourist accommodation "Itanos Gaia", which is launched by the company in the area of ​​Sitia in Crete.

According to a recent briefing to shareholders by Minoan Group CEO Chris Engleton, the pandemic delayed this process by a few months, with the company having to focus much of its efforts on refinancing its lending and ensuring short-term liquidity.

At the same time, of course, discussions with interested investment schemes continued, as Minoan Group wishes to include other investors in the development of its tourism investment, amounting to 270 million euros. This will happen either through the direct assignment of the right to exploit parts of the area or through the establishment of joint ventures for the joint development and operation of individual infrastructures, such as e.g. the golf course or hotel or even part of the residential complexes provided. According to information, it is possible that there will be relevant announcements by the end of 2020 or within the first quarter of 2021.

FOR THE TOURISM PROJECT

Looking for "teammates" since 2018

As we have written in our previous posts, the British company Minoan Group Plc. has started in 2018 to look for "partners" to launch the tourism project in Sitia, which, if nothing else, has written history as the investment that remains on paper for over 25 years! The road to this investment, which has been the subject of much discussion, analysis and controversy, opened wide three years ago, when the Council of State rejected the new environmental appeals filed by environmental associations and citizens of the region and lit the " green light ”to British investors to move on.

After the "green light" from the CoE, the British of the Minoan Group had not shown any mobility or "enthusiasm" to proceed with the tourism project, which has been "dragging" for almost 25 years. This silent fish has given new "food" to the thoughts and assessments that have existed for a long time, it is true, and they question the question whether this British company has the ability to make such a large investment on its own.

Finally, about two and a half years ago, it was revealed that British investors were trying to push the investment through the involvement of another "player". Specifically, through the cooperation with a strategic investor, who in essence will take land from the British company and will finance in one way or another this ambitious project "Itanos Gaia", which concerns the tourist development of an area of ​​more than 25,000 acres in Cape Sidero.

DC

[waterloo01] 05/11/2020 09:43

I can't cut the English translation but encouraging

[daicaprice] 03/11/2020 14:20

The never ending soap opera that is Minoan atlantic, hence willing sellers @1p.
I think even I’ve given up averaging down now until we get the next update.

DC

[atlantic57] 02/11/2020 08:30

Scotty Nigel has no credibility whatsoever on Minoan.
The original analysis on T1ps.com failed to grasp basic elements of the nature of the Minoan contract and Nigel continues in this vein.

Minoan appears to be a permanent rerun of Groundhog Day.

First we just needed to get the appeals dismissed

Then we needed to sell travel

Then we needed to replace zechary

Bringing in Gilbert was the new messiah

It is pretty obvious to a neutral observer what the problem is.

A few weeks left for the run in to Christmas and the next excuse.

[scotty1] 02/11/2020 07:26

Snippet from NS of share price yesterday

There are other stocks, such as my disastrous foray into Minoan (MIN) where the stock is already so low that it is hard to see it fall much further and news of a disposal (probably pushed somewhat further away now) would offer a major boost so I’m hanging on to that – for good or for ill – at least for now.

[wi1l] 01/11/2020 14:55

So far in 2020 buys 65M and sells 54M net buying 11M.
And yet the share price has halved from 2p in early Jan to 1p end of Oct - pushed down IMV whenever the opportunity presents itself - and overdone.
However there are some astute enough every time it reaches these levels to add more, and up goes the share price (temporarily) and then wait patiently until the mm's push it down again, and so it goes on.
I can understand fully those buying at these levels but it doesn't seem that profitable a tactic for the mm's to continually sell shares at such low levels (as they appear to be buying the shares on the way down). I suppose the wide spread ensures their risk is reduced presumably.

[atlantic57] 01/11/2020 13:51

It is now November and the board really need to update shareholders with a meaningful update.

Preferably not of the :

We are in talks and the next year will be the most exciting year in the Company’s history variety.

Yes if a a deal in announced we could have lift off in the share price

However the market is clearly signalling collectively that it does not have any confidence that the bod can deliver...

So it is pretty much a binary bet.

[wi1l] 01/11/2020 10:37

FWIW the month of October was another month low in volume and shares bought were 6,062,049 and sells 5,150,099 net to the buys 911,950 (with one large buy of 1,000,000 on the 7th and another for 1,500,000 on 16th the highlights.)

Very similar to the month of September which also was low in volume and shares bought were 5,999,551 and sells 5,118,253 net to the buys 881,298 (with one staggering buy of 2,272,728 the highlight on 11th Sept, provided that it was a buy).

Still going in the right direction.

August saw shares bought 11,369,503 and shares sold 8,360,689 a net gain to the buys of 3,008,814. All selling was therefore mopped away that month by buying and more so which was pretty encouraging although the drift in the share price that month wasn't.

Also encouraging is August bettered July however buys were still 7,213,091 and sells 5,831,128 net buying 1,381,963.

So far in 2020 buys 65M and sells 54M net buying 11M.

Only conclusion that I can draw is if (a big IF) positive news such as a joint venture is announced there will almost immediately be a scarcity of available shares for those wishing to buy and not only will the share price go up on the news but more so due to the demand greater then the supply. THere will be those holding and waiting patiently for news which might balance things out if they all try to sell on the news.

But thats all IMV and completely irrelevant if there's more of the same from the current BoD!!

[waterloo01] 31/10/2020 13:18

w1ll, a solar 'park' would still only use a small fraction of the land, and rightly so, you wouldn't want to spoil the charm/attraction with over aggressive infrastructure, but having a plan to produce low cost and green electricity on site, ticks many boxes and could probably be financed separately, as it could produce more than enough power for the site to be able to sell the excess. One would expect to see these sorts of initiatives once they have the partner on-board and know what and where they are developing the site.

[wi1l] 31/10/2020 12:48

Waterloo, presumably the solar energy licences were acquired with the intention to use them for the CS project when it starts,so may still be relevant after all.

18 November 2009
Minoan Group Plc
("Minoan" or "the Company")

Acquisition of Solar Energy Licences;
Acquisition Details

The licence acquisitions are in line with Minoan's previously stated strategy of
developing its activities in Greece and exploring opportunities to add new,
compatible operations to support its Cavo Sidero Project. The opportunity to
develop a meaningful presence in one of Europe's most exciting renewable energy
markets has come about as a direct result of Minoan's extensive experience and
contact base in Greece.

The solar projects will provide recurring cashflow
for Minoan as well as further strengthening the Company's environmental
credentials. In due course, these two licences will each produce just under 100
kilowatts of power and represent the first step in a series of planned
acquisitions. The licences will be held in a subsidiary.


The solar energy business in Greece produces a stable overall return and
cashflow through contracts with the Greek National Grid on 20-year index linked
supply contracts. Minoan envisages that this business could grow substantially
by the acquisition of further licences.


Looks as though the subsidiary holding the licences is Loyalward Hellas S.A. although we hear very little of its current activities or whether there is a timr-limit on their use.

"Its subsidiary, Loyalward Hellas S.A., is engaged in corporate, resort and renewable energy business management in Greece."

If only a very small percentage of the land is to be built on, I wonder what their plans are for the remainder - 99% of 10 square miles is left unallocated so far??

[hugothesecond] 31/10/2020 11:25

Almost time to buy again - it will surely dip to 1.10 to buy next week - good top up opportunity

[daicaprice] 30/10/2020 16:34

Little flurry at the end there.

DC

[wi1l] 30/10/2020 08:18

Online shutters are down on both sides which generally means something will be organised today.

[waterloo01] 27/10/2020 08:53

It's an interesting one. I'd completely forgotten about this, but makes a lot of sense. They certainly have the space and not only would it provide some revenue but green energy for the development itself.

One of my other holdings recently announced they are going out to tender for building a solar facility. Justification is it would produce green and cheap energy and direct revenue from the operator on any 'extra' power

Any onsite power could also be used to power the water salination and waste water treatment, the tech on both has developed hugely in recent years with modular systems (container sized and scalable)

[daicaprice] 27/10/2020 08:51

You’d have thought they may have got all the licenses in 10yrs, I would guess solar on all buildings a necessity but whether tidal or wind turbines would be tolerated in a place of natural beauty I’m not too sure.
Water retention and recycling would be a planning must I guess.

DC

[wi1l] 27/10/2020 08:44

Just more words??

Edit - just a red herring, sorry!

25.2.11 -preliminary results for the year ended 30 September 2010

Renewable Energy

We remain committed to this sector but, following the restructuring of local government in Greece late in 2010 and the changes to the Renewable Energy legislation, will only take further action when we are confident that the profitability and cash generating properties of the business remain secure.

[wi1l] 27/10/2020 08:43

Following on from:

Acquisition of Solar Energy Licences;Board Changes
18/11/2009 7:00am
UK Regulatory (RNS & others)




TIDMMIN

RNS Number : 6488C
Minoan Group PLC
18 November 2009


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.


The Company also announces that it is in substantive discussions regarding a
number of potential additional transactions both in Minoan's core leisure
business and in its newly established solar energy operations. It expects to be
in a position to notify the market of further progress on these potential
transactions in due course.


As a necessary prelude to these developments, the Company also announces today
that it is embarking on a restructuring of its executive management team,
beginning with the appointment of Duncan Wilson as Managing Director. Duncan has
been a Non Executive Director of Minoan since 2006 and is an internationally
recognised figure in the global travel and leisure marketplace.


Acquisition Details


The licence acquisitions are in line with Minoan's previously stated strategy of
developing its activities in Greece and exploring opportunities to add new,
compatible operations to support its Cavo Sidero Project. The opportunity to
develop a meaningful presence in one of Europe's most exciting renewable energy
markets has come about as a direct result of Minoan's extensive experience and
contact base in Greece.

The solar projects will provide recurring cashflow
for Minoan as well as further strengthening the Company's environmental
credentials. In due course, these two licences will each produce just under 100
kilowatts of power and represent the first step in a series of planned
acquisitions. The licences will be held in a subsidiary.


The solar energy business in Greece produces a stable overall return and
cashflow through contracts with the Greek National Grid on 20-year index linked
supply contracts. Minoan envisages that this business could grow substantially
by the acquisition of further licences.


Minoan is also currently examining a number of opportunities in the travel and
leisure business in both the UK and Europe. The nature of the businesses being
investigated means that they will provide strong cashflows and profit growth. It
is Minoan's intention that such businesses will be acquired through separate
subsidiaries with other partners so as not to dilute the underlying value of the
Cavo Sidero Project for existing shareholders.
rom:

[wi1l] 27/10/2020 08:36

What happened to:

Solar Energy Licences
14/07/2010 7:00am
UK Regulatory (RNS & others)




TIDMMIN

RNS Number : 2875P
Minoan Group PLC
14 July 2010


14 July 2010
MINOAN GROUP PLC
("Minoan" or "the Company")

Solar Energy Licences

Minoan Group Plc is pleased to announce that following its review of the
recently enacted new legislation for all renewable energy projects in Greece,
the Company is to recommence its programme of acquiring, or applying for, solar
energy licences.

Discussions regarding applications for additional licences and with providers of
debt finance are ongoing with a view to further enhancing returns.

The Company remains firmly focused on meeting the twin targets of achieving
carbon neutrality for the Cavo Sidero Project and creating additional,
compatible businesses which will provide the net income to cover all Minoan's
existing operating costs. The proposed structure will maintain the underlying
value of the Cavo Sidero Project for shareholders.

Minoan Chairman, Christopher Egleton commented:

"As reported in my Chairman's Statement of 18 June 2010, it was necessary to
carry out a detailed review of the recently enacted new legislation for all
renewable energy projects in order to confirm the continued profitability and
cash generating properties of the Company's proposed solar energy business.
Following the positive outcome of this review, the Company has decided to
progress its expansion into the solar energy sector. The income generated will
underpin our development plans.

The potential to add further solar licences combined with the opportunities we
are currently exploring within the tourism and leisure sector provide scope for
significant income generation and growth. I look forward to further updating the
market with developments in the coming months."