Minoan Share Discussion Threads

[microscope] 06/10/2021 12:04

Just looking back at the revised loan taken on by DAGG, one of the, many, terms was that Silja received 25 million shares 'at par' (ie at 1p).That might explain some of the selling at or above 1p. Also I had forgotten that there was an open offer to shareholders in April 2019, which accompanied the then original refinancing package and was aimed to reduce debt (and accelerate the development of the Project, ahem...).While the financing was mainly underpinned by those taking on the remaining debt at the time, the shareholder part was, in retrospect unsurprisingly, a flop as it was at 2.75p, which was some 40pc above the then existing shareprice.Only about 8 million of the 64 million or so available were taken up.I doubt any new attempt to raise funds will be above the shareprice.

[clocktower] 06/10/2021 08:55

Grim all the same to see the lack of support at this low point once again.

[finster007] 05/10/2021 23:10

Also still here folks, not bothered by the small day to day share price trades and here for the bigger news events to hopefully light the fireworks….

[atlantic57] 05/10/2021 18:38

Theses small share sales are irrelevant to the big picture.

On the balance of probability everything is lining up for progress to be made.
In any event there will significant news very soon.Gilbert only extended his loan for three months.

His actions will be a significant marker.

[daicaprice] 05/10/2021 17:12

Look on the bright side ct, we are another day closer to an update and down here @1p I’m not bothered about fraction savings.

DC

[clocktower] 05/10/2021 16:30

I was tempted to do the same this morning but glad I did not, seeing the dump of 500k today.

[daicaprice] 05/10/2021 08:26

A little nibble to start the day.

DC

[nobbygnome] 05/10/2021 07:47

I'm still here and watching and waiting. I also bought a small amount last week and will add further as funds allow.

[wi1l] 05/10/2021 07:44

The Greek Govt must want that investments bill passed ASAP Waterloo:

Banking on investment leap

Draft budget for 2022 anticipates that some 26 billion euros will be invested in the economy




The government is expecting a 23.4% leap in investments next year, compared to 2021, driven by the “Greece 2.0” program, according to the state budget for 2022, whose first draft was tabled in Parliament on Monday.

Finance Ministry projections put investments at 26 billion euros next year, from €21.1 billion this year and €18.4 billion in 2019.

Half the 2022 leap is seen stemming from the expansion of public investments and the other half from the private sector, according to the Hellenic Fiscal Council, which notes, “This reflects the most ambitious macroeconomic target of the draft budget.”

[clocktower] 04/10/2021 15:54

At least the thread woke up and I see more buys than sells today which makes a welcome change.

Still it will be interesting to see if some of the other former posters that allegedly have pretty large holdings return when volume returns.

Greece needs tourists but COVID is the problem for them right now.

[daicaprice] 04/10/2021 15:33

No, still a bit short in my own name waterloo.

DC

[waterloo01] 04/10/2021 15:19

not hit the predicted 3% yet I assume? lol.

MIN aren't in control of this one (thankfully!!) but it's important to Greece so will happen. It's in it's final stage post consultation.

[daicaprice] 04/10/2021 15:15

I’m still here with my highest holding ever, just waiting for the next news.

DC

[rafboy] 04/10/2021 15:09

The Development law should pass very soon and with it a deal can be done. Not long to wait with a bit of luck.

[waterloo01] 04/10/2021 15:08

clocktower, I already hold my target number but did add a few last week, but it will take news, Dev law being the most pressing and should be this week or next.

Like everyone else I'd like to see it and hear the company comment. Hopefully that will bring in some more buyers, and it won't rely on a few usual suspects.

[clocktower] 04/10/2021 15:01

It seems that many of the posters here that said they held large amounts have slowly slunk away or they are not adding to their holdings having had enough of false starts.

Fortunately I have but a very small amount, which were just another punt but one that I held onto for a change but that was my mistake but as its small I will sit on it and wait for wonders or destruction. Whichever the case maybe.

If they go for another cash raise, can they get 0.0075p

[wi1l] 01/10/2021 08:39

Housing construction thriving



Construction companies are staging their own comeback in the residential property market. They wish to make the most of the gradual increase in demand by domestic buyers, the banks’ effort to resuscitate the mortgage credit market by increasing loan issues, and the suspension of the value-added tax on new buildings that will continue to apply till end-2022.

[waterloo01] 01/10/2021 08:38

October will certainly bring news, starting when the dev law is passed. Re forward selling villas....it's the way these sorts of projects get financed. Once complete were talking 300-400 villas, in addition to hotels.

[wi1l] 01/10/2021 08:35

Lamda has mostly sold Elliniko villas and Marina Tower flats



The potential future revenues of Lamda Development from the first few residential projects at the Elliniko plot in southern Athens are already estimated at 685 million euros, after the company paid the first tranche of €300 million to acquire Elliniko SA, the vehicle for the development project.

The listed company announced that it has already received deposits from buyers for 75% of the property for sale at the Marina Tower landmark building the company presented on paper in July. This will amount to revenues of €338 million upon the completion of the transactions.

At the same time, Lamda has received down payments for all 27 luxurious villas to be developed on the Elliniko seafront, with potential revenues from that coming to €345 million.

[atlantic57] 01/10/2021 08:29

Hallelujah it is October the share price will surely rise on some positive news this month.

[wi1l] 30/9/2021 11:42

Agreed atlantic, it appears that the lower the price the more they want, presumably because they know they can sell them on at a higher price when the news breaks. Mind you so far this month PI have bought 21.2M and only sold 13.3M so the mm's are presumably looking to also replenish their stock levels which must be a little depleted.

[atlantic57] 30/9/2021 10:45

Will I really can’t understand why if they are hunting for more shares they keep dropping the price.They are not going to panick holders as most have been here for years .

[wi1l] 30/9/2021 10:10

They are hunting for more shares - can sell 1.25M online in one go, was only 500K.

[wi1l] 30/9/2021 07:45

No show so far today - mm's holding back for some reason?