Minoan Share Discussion Threads

[waterloo01] 11/12/2021 07:21

Another marker. $27m for 1,328 sq m

North Afantou conceded to MA Angeliades Hellas

TAIPED CEO Dimitris Politis and the legal representative of MA Angeliades Hellas, George Mylonogiannis, signed the closing memorandum of the transaction with the payment of a lump sum of 26.9 million euros plus interest.

The signing took place in the presence of Finance Minister Christos Staikouras and Investments and Development Minister Adonis Georgiadis.

Golf-North Afantou is a coastal property with a total area of 1,328 square meters.

Within the framework of the Special Plan for the Spatial Development of Public Properties (ESCHADA), the property includes a tourism-leisure zone, with renovation and modernization of the already operating golf course, as well as the possibility of creating a residential-tourist village, and a zone focused on the protection and promotion of the environment and the natural landscape.

[atlantic57] 10/12/2021 15:42

Pj early investors who have not averaged down will have been Obliterated !
However I think we need to take personal responsibility for that.

The notes to the accounts of loyal ward are very clear.
On contract activation 'an amount of 3.9 million' is payable to the Foundation, plus ongoing royalties earned on revenue generated by the development.

With the benefit of hindsight there is no way that this project could have moved forwards.

Those investors who bought in 2021 are likely to be either break even or in profit.

With The current changes in Greek law and the upbeat business climate some form of deal will be done with someone. If the foundation budge then it will be a lot better.

[atlantic57] 10/12/2021 15:42

Pj early investors who have not averaged down will have been Obliterated !
However I think we need to take personal responsibility for that.

The notes to the accounts of loyal ward are very clear.
On contract activation 'an amount of 3.9 million' is payable to the Foundation, plus ongoing royalties earned on revenue generated by the development.

With the benefit of hindsight there is no way that this project could have moved forwards.

Those investors who bought in 2021 are likely to be either break even or in profit.

With The current changes in Greek law and the upbeat business climate some form of deal will be done with someone. If the foundation budge then it will be a lot better.

[waterloo01] 10/12/2021 15:02

True, early investors have had a rough ride. Luckily for investors NOW the early investors have ended up taking the most pain.

Lucky for todays buyers. Always another side of the coin PJ

[pj 1] 10/12/2021 14:47

??

According to Stocko there were 182m average shares as recently as 2015, 2020 = 444m, bearing in mind when they listed then how can you argue they haven't been diluted to oblivion?

How much more dilution to come?

CE has wiped out many (pre 2015?)Investors here over the years, Many since then will break even at best even if your top target is reached.

Maybe mdvorkin would give us his thoughts?

[daicaprice] 10/12/2021 13:06

Assuming the 200k @1.312p is a sell then the 25k is a buy, naughty bidding 1.312 though when the advertised bid has been 1.2p all morning and the top price I’ve seen offered has been 1.27p for 100k dropping as the quantity rises to 500k max.
Of course I’m happy to be proven wrong.

DC

[nobbygnome] 10/12/2021 12:49

Yes I can't get a quote for any online. So is that 25k at 1.3475 a buy or a sell? If it's the former, the buyer did exceptionally well to get that price!

[rafboy] 10/12/2021 12:02

👍😁

[wi1l] 10/12/2021 12:00

Can't buy any on-line, you've cleaned them out rafboy!!

[rafboy] 10/12/2021 10:58

Got 50K via HL.

[daicaprice] 10/12/2021 09:30

Took the 83k to show support.

DC

[daicaprice] 10/12/2021 09:26

It is looking very interesting and certainly poised for action, not looking at all as though WHI are currently rattling the bucket amongst PI’s and bucket shops I’d say.

DC

[nobbygnome] 10/12/2021 09:19

Yes the offer price keeps changing but not many have been offered at any point. Meanwhile level 2 has been steadily improving despite few trades with 3 on the 1.2 bid and 2 on 1.4p offer....

[wi1l] 10/12/2021 08:54

Somethings going on in the background. MM's keep jumping off the offer price to the next one higher without ( it would appear) much volume.

[wi1l] 10/12/2021 08:40

Global Investor Everty Acquires Iconic Santorini Hotel



Real estate investment company Everty has acquired the Iconic Santorini, a luxury boutique hotel located in Imerovigli, on the Greek island of Santorini.

Located on the island’s caldera, the luxury complex features unique architecture and consists of 19 cave suites with distinctive aesthetics that combine the unique view with authentic experiences and state-of-the-art facilities.

The Iconic Santorini hotel is Everty’s second investment in Greece since the beginning of 2021. The company has also developed the Petrothalassa Villas project in Ermionida in the Peloponnese.

Both investments are part of the company’s four-year strategic 100-million-euro investment program focusing on Greece’s premium office and hospitality market.

[wi1l] 10/12/2021 08:34

Georgiadis: Investments in 2022 will surpass all precedents




The Minister of Development and Investments, Adonis Georgiadis,spoke about the results of the KINAL elections, about the mandatory vaccination, about the growth rate of the economy and about the investments.

At the same time, he stressed that the level of investments exceeded all the years of the decade, estimating that in 2022 investments in Greece will exceed the last 27 years.

[wi1l] 10/12/2021 08:28

Mitsis Hotels expands further



The Mitsis group has set in motion an investment plan for increasing the number of its hotel capacity from 5,500 to 6,500 rooms, which would render it the biggest hotel entity in Greece in terms of both rooms and beds.

[rafboy] 10/12/2021 08:21

Thanks Waterloo. Not much stock about so we could see a decent rise here today.

[waterloo01] 10/12/2021 08:17

I expect it to be as good as done and dusted before the loan comes up again in April, so deals closed or close to it by March or earlier IMO

[rafboy] 10/12/2021 08:14

I wonder how long things will take now before a deal is announced. The loan extension is only for a few months so I assume not long to wait.

[daicaprice] 10/12/2021 08:14

Can sell 600k in one chunk as well so looking good.

DC

[wi1l] 10/12/2021 08:11

Cant buy 50K online atm.

[waterloo01] 10/12/2021 08:08

Still no stock on offer which confirms they don't have a seller in the wings.

[daicaprice] 09/12/2021 20:06

Pj, if you consider the current asset value and the therefore current NAV per share I don’t agree we’ve been diluted to oblivion, I believe as of today with no deal announced but the fact we have a 99 year lease asset in my eyes we are worth far in excess of the current £7m.
I consider today’s value to be 2.5p with current loans factored in and no deal in sight, my own opinion is that deals are provisionally in place but that fine tuning is now needed to exert full shareholder value.
My worst and best possible scenarios are now 5p and 12p to see the project out.

DC

[pj 1] 09/12/2021 19:25

Who knows Nobby

Even serial disappointer CALL who have always been 12 months away, but never got there, from being cash flow positive, followed by a Placing every 18 months had a takeover bid today. So there is always hope.

Like MIN though most Investors were diluted to oblivion and only late investors got any profit.