Minoan Share Discussion Threads

[daicaprice] 03/12/2020 09:00

With a clear head the Church have never liked this project and fought it for years and from memory the contract signed between Minoan and the Church entitles the church to a % of income not profit, also there is a minimum capital spend on the project otherwise the whole shebang reverts back to the church.

This is why I’m a bit subdued on my price, really for it to move forward MIN need to renegotiate the church deal downwards or onto a % of net profit.

DC

[wi1l] 03/12/2020 07:08

Pure speculation at this point boliviana as we are still non the wiser on the form that a deal would take or more importantly we still have to find out whether CE and the Bod are even capable of such an achievement. However, my viewpoint FWIW:

Share price 0p-2p no deal/poor deal - unnacceptable

Share price 4p-6p mediocre deal - just about acceptable (with gritted teeth)

Share price 8p-10p good deal - acceptable

Share price 12p-15p excellent deal - very acceptable

It remains to be seen where we will fall but the market right now is showing little confidence although there is just a glimmer that it is reawakening to the potential that this project offers.

[daicaprice] 03/12/2020 00:24

Do the church still not have a large chunk of any offer or is it of development cost?
Is that in your calculations boliviana or are you aware that has been sorted or lifted as if so I have missed it.

DC

[waterloo01] 02/12/2020 23:05

If things fall into place there is no reason those numbers would look out of whack.

[boliviana] 02/12/2020 19:48

Possibly not all I should have done if you are right DC and I'm that far out.

Let me explain my thinking DC and please explain where you consider my thinking is wrong. I think we will both agree there were some historic valuations of something in the order of £80m-£100m. £100m being at the very top end I know.

So if we take the lower valuation and discount it by say between 30-40% that would bring us valuation of nearer £50m. That is approximately 10x the present companies valuation so hence 10x the present share price

I know CE has got to find someone who shares that valuation and I know there will be more shares to be issued but is that thinking that far out DC ? Whatever a lot more than present share price

I will be interested to know what Will, Waterloo and Hugo think.

[daicaprice] 02/12/2020 19:21

A bit ambitious in my mind boliviana, I’m looking 6p nailed on with anything CE can manage more as a bonus. I Sincerely hope you are correct mate and you have done full due diligence on your investment.

DC

[boliviana] 02/12/2020 18:59

Will what have you in mind as a target price for Minoan ?

As a result of all my research and conversations I have a target of 10p plus ? That is the minimum I am looking at and if CE pulls a good deal off more like 12p to 15p which would mean a great return from all bought sub 1.5p.

Do you have any thoughts Hugo and Waterloo ?

[wi1l] 02/12/2020 18:10

Chinese Ambassador: Greece will become an investment destination after COVID-19



Greece will be an investment destination after the end of the coronavirus pandemic, said Chinese Ambassador to Greece Zhang Qiyue at an online event organized by the Athens Chamber of Commerce & Industry (EVEA), held on Monday, ANA reports.

[wi1l] 02/12/2020 17:05

FWIW the month of November was a very low month volume-wise and shares bought were 2,390,512 and sells 2,595,270 a close run thing but net to the sells 204,758.

A lower month than October and THAT was a low month with shares bought 6,062,049 and sells 5,150,099 net to the buys 911,950.

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.

First sign of a deal will see volumes increase significantly, sometimes prior to hearing the news.

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 67M and sells 56M net buying 11M.

Only conclusion that I can still 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.

The above all IMV - and what will December bring.............

[boliviana] 02/12/2020 13:38

Could be I suppose. MM still willing to take 600k of anyone who wants rid.

[hugothesecond] 02/12/2020 13:27

probably now a delayed sell in the system.

[boliviana] 02/12/2020 13:08

A moment ago Hugo they were bidding on 700k but they seemed to have dropped back now to 600k as you say.

[hugothesecond] 02/12/2020 13:05

can sell 600k and buy 150k

[boliviana] 02/12/2020 13:03

I was glad it wasn’t as it gave me the chance to increase my holding at this low price. Will was doing the same.

[daicaprice] 02/12/2020 13:00

Nice to see any sort of movement, may as well have been suspended the last month.

DC

[boliviana] 02/12/2020 12:56

Can sell many more Hugo. The MM are very keen to get their hands on shares of those foolish enough to part with them at this low price.

[hugothesecond] 02/12/2020 12:51

can now buy upto 150k

[boliviana] 02/12/2020 12:45

Expected rise beginning Will. Those with eyes and ears open who have been buying these very cheap shares will soon be seeing their rewards.

Very investable and I am very pleased to have had the opportunity.

[wi1l] 01/12/2020 08:20

STILL can't buy a bean on-line but you CAN sell up to 300K. Speaks volumes.

[wi1l] 30/11/2020 08:31

STILL can't buy any on-line!

[microscope] 28/11/2020 12:07

Last RNS in August, still, historically we have the near annual fundraising in December to look forward to no doubt.....

No doubt they will now tell us that the vaccine is fantastic news, just as the virus was about to increase demand for the types of properties they hope to build.

And boliviana, atlantic is a long trusted poster here. Knows the score, infact you'll find that's true of most posters on this thread.... Honesty over ramping :)

[pj 1] 28/11/2020 11:48

Apols waterloo


But until the BoD changes this is uninevstible for me.

[waterloo01] 28/11/2020 10:53

Thanks for the reminder! Hope you are keeping well PJ. Cheers

[pj 1] 28/11/2020 10:51

F.A.O. Boliviana. Totally factuAl and all confirmed via RNS

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

[scotty1] 28/11/2020 08:48

boliviana with all due respect and i see you only joined in August of this year i think you'll find that atlantic is a honest poster who does not wear rose tinted glasses,it would also seem you do not understand the concept of a PM.