Minoan Share Discussion Threads

[wi1l] 22/2/2022 14:48

They could have been either as the on-line price to buy and to sell was exactly the same unusually. However after the first two trades the price to buy went up and therefore I favour the 200K trade at least was a buy, fwiw.

[clocktower] 22/2/2022 14:45

Well if daicaprice is correct the buys would outnumber the shown sells by a fair amount but judging from the price of the buys, I would tend to agree with Nobbygnome as I would have expected the buy price being paid to be above 1.0100 on the last couple of trades.

[nobbygnome] 22/2/2022 14:17

You could be correct but it doesn’t seem like that to me…

[daicaprice] 22/2/2022 14:13

I was under the impression the 250k 2 first trades of the day were buys Nobby, sells yesterday afternoon were .96p

DC

[nobbygnome] 22/2/2022 14:08

Equal buys and sells today, 1.1 million each way at the moment

[clocktower] 22/2/2022 08:44

wi1L - In fairness, I think it is just the market but good luck, however it is not good to have so little really good news from the company in times like this.

Sells still seem to outweigh what you say maybe buys by a fair margin.

[wi1l] 22/2/2022 08:09

Not necessarily sells today - You can buy at 1p

[wi1l] 20/2/2022 08:34

Israeli real estate investments in Greece on the rise



Israeli real estate investments in Greece are on an upward trajectory, with Israel's ambassador in Athens, Yoshi Amrani, pointing out that his country is one of the top "players" in the Greek tourism and real estate market. In the coming years, we will see more Israeli investments both in Athens and Thessaloniki as well as in popular Greek islands, such as Crete, Lefkada and Corfu, Eitan Maoz, founder and CEO of the company "E.M Global Real Estate Investment" and member of the executive committee of the Israeli-Greek Chamber, based in Tel Aviv, tells ANA-MPA.

Which areas attract interest

But in which areas of Greece does the Israeli investment interest in real estate focus? According to Mr. Maoz, "it is understood athens, but also Thessaloniki, as the average investor first of all chooses the location and usually looks at the capital and the big urban centers as a priority. But in the field of hospitality, there is of course a lot of interest in islands such as Crete, and for several years now Lefkada - which is also accessible by road.

[wi1l] 17/2/2022 15:32

Athens property prices soar



Athens properties have seen a major increase in demand which is continuing in 2022, data from the Spitogatos Property Index confirm. While the city center is still dominating demand, not only for sales but also for rentals, it is the capital’s northern and southern suburbs that have witnessed the greatest rise in prices, according to SPI.

Dimitris Melachroinos, managing director at online property ads platform Spitogatos.gr, tells Kathimerini that “2021 was clearly a dynamic year with increased supply and demand, more transactions and new business models in real estate.” He adds that “the first few weeks of 2022 have not been any different; in fact in January our website had 55% more expressions of interest in properties than the average rate for 2021, which was an increase in demand we had never seen in the past.”

[clocktower] 17/2/2022 13:15

The market does not try reading into what is not there and it does not assume anything, the market looks at the risks to rewards, and clearly they are not much difference now to what they were in August 2020 if you go by the share price I guess the same will apply in March, and there are matters to resolve in April, and that is anyone's guess.

[wi1l] 17/2/2022 12:56

Thanks boliviana. The nominee shareholdings have all increased over the past two years:

Hargreaves Lansdown Asset Mgmt Limited from 17.25M (Oct 2019) to 59.34M (Oct 2021) Increase 42.09M.

A J Bell Holdings Limited, Asset Mgmt Arm from 15.47M to 30.94M increase 15.47M.

there are five more where the increase is 28.13M in total.

[boliviana] 17/2/2022 12:27

Good work Will.

After careful reading of Tuesday’s update it looks like we are getting closer to the endgame. The market doesn’t seem to have understood the detail.

[nobbygnome] 17/2/2022 09:50

We have backwardation of quotes again. I am being quoted 1.1111 to buy 50k but only 1.0868 to buy 100k. Don't get mugged like a few have this morning....

[pj 1] 16/2/2022 15:54

Hi waterloo. There is always the expense and travelling account. 🤔🏌️‍♀️🏏
27950;✈

[waterloo01] 16/2/2022 15:44

Hi PJ. How's that work if you are paid in shares then? No director has ever sold a share in fact they have exchanged loans for shares at 2.75p

[pj 1] 16/2/2022 15:38

So, one old Crock retires, to be replaced, by yet another old Crock. At least he compliments the average ago of the BoD.

Why on earth haven't they appointed a younger more dynamic Director who may actually get something done? What an opportunity missed, on purpose no doubt.

It seems to me its the old school network with a compliant Director being given shareholder cash for little input.

[ny boy] 16/2/2022 13:00

I guess matters will come to a conclusion prior to 30 April, I will check back later this month as currently away in the tropics with sometimes poor wifi.

[daicaprice] 16/2/2022 12:19

Was wondering when our seller would show up, delayed by the usual hour.

DC

[wi1l] 16/2/2022 08:59

Zetland Capital's partnership with SWOT Hospitality begins



With the management and development of Lindian Village begins the collaboration of Zetland Capital with SWOT Hospitality.

In particular, hotel management company SWOT Hospitality has announced the launch of its partnership with Zetland Capital Partners LLP based in London. Zetland Capital entrusted SWOT Hospitality with the management of the luxurious Lindian Village Hotel near the Acropolis of Lindos, on the island of Rhodes. The newly acquired seaside resort of Zetland Capital, which was acquired by the Svyriadis family, consists of 188 luxurious rooms and suites, while it has direct access to a private beach. The primary objective of this new collaboration is, through a program of renovation and upgrading of the resort's facilities, its inclusion in the potential of an internationally recognized hotel brand and its emergence as a top travel destination.

As stated by the President and one of the main shareholders of SWOT Hospitality Mr. Stelios Koutsivitis "We are particularly pleased with the new cooperation we are starting with Zetland Capital, as another leading investor entrusts SWOT with the realization of his vision, contributing to the development of quality tourism in our country. SWOT Hospitality continues its growth trajectory with an eye on other major investments in the industry."

[clocktower] 16/2/2022 08:25

We know this is old hat but when you get a company that has to agree a fee of £150k just to settle an extension of a loan, you have to ask very serious questions. Clearly the directors did not think the shares were of any greater value at that time imo.

By the way would anyone care to remind everyone the terms of that loan - interest rates - who the beneficiaries are etc.


"As announced on 1 December, the extension of Minoan's loan to 30 April 2022 was agreed for a fee oGBP150,000 to be settled by the issue of shares in the Company issued fully paid at 1p per share.

As a result, the Company is issuing 15,000,000 Ordinary Shares of 1p each at 1 pence per share."

[wi1l] 16/2/2022 08:21

Thats a jump up to 1.136p - there must be some buying held back posssibly??

[microscope] 15/2/2022 19:54

A few personal takeaways.

Good solid appointment which should help dealing with the Greek side of things.

I think we are seeing the beginnings of a likely timeline emerging.

Results and loan expiry are 30th April.

CE said he hoped to update 'shortly' on talks with the Foundation. I'd very much hope that is before then.

The result of talks with potential partners, Deloitte and stakeholders on the other hand will be reported 'in the coming period'. I take that (knowing Minoan speak) to be later than results.

Any tender process (if there was ever to be one required) or grant applications would be later this year.

It seems to me that pressure has come from potential investors for a much more precise business plan than currently available, hence the work with Deloitte being stressed in the update.

Things this might relate to would be timings, architecture and any further environmental issues. I suspect developments will be phased, or staged, rather than trying to do everything at once.

Admittedly that's reading plenty into the wording of the announcement (emphasis in RNS on 'value for all stakeholders' a grey area too).

And everything, including Deloitte's conclusions, and potential investment by whoever, it becomes clearer from the above timeline, if even approximately right, is still very much dependent on the outcome of talks with the Foundation.