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Share Name Share Symbol Market Type Share ISIN Share Description
Minoan Group Plc LSE:MIN London Ordinary Share GB0008497975 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.025 -2.63% 0.925 0.90 0.95 0.95 0.925 0.95 5,741,379 15:52:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 0.0 -0.9 -0.2 - 6

Minoan Share Discussion Threads

Showing 22026 to 22048 of 23300 messages
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DateSubjectAuthorDiscuss
05/5/2021
09:05
In for a few more today.
wi1l
05/5/2021
08:44
You can at least sell a few should you wish today. DC
daicaprice
05/5/2021
08:09
Unusual number but 1.7 mil max online around 1.22p massive seller if you can buy that amount in one go. We need a big buyer, these 100k 250k's are not touching the surface
dave4545
04/5/2021
21:04
Maybe it's Yorgi, he's just went blue again, no good hiding voting down all my posts yorgi come and say hello I know you still love me
dave4545
04/5/2021
20:57
We don’t know, I suspect it’s the Estate of a deceased holder and the beneficiaries are just liquidating everything through a Solicitor. If it is the person who researched and bought then they must de desperate and I feel sorry for them. DC
daicaprice
04/5/2021
17:47
Who is actually the seller ?
dave4545
04/5/2021
16:59
Nice 442k buy showing after the bell so we should have cleared out 1.8m of the overhang today. DC
daicaprice
04/5/2021
11:39
Yea it’s nuts, they just want out at any price it seems. DC
daicaprice
04/5/2021
11:33
The more you buy the less you pay! Where else can you find that?
wi1l
04/5/2021
11:13
No quote to sell after 1m buys says it all, we need to clear them before we go anywhere. DC
daicaprice
04/5/2021
11:07
Would have thought that level of buying would have made a difference?
wi1l
04/5/2021
10:10
The offer dropping suggests our seller is still around willing to give them whatever they want. I was hoping the update would have been enough for them to sit on their hands for a few weeks and wait for the the next instalment. DC
daicaprice
04/5/2021
09:13
Good to see a few buys this morning even if in total it's only just over 2 grands worth. I feel a surge coming on...
nobbygnome
03/5/2021
11:24
https://www.shareprophets.com/views/55481/minoan-fy20-results-still-holding-for-a-deal-but-still-confident-of-one-as-the-pain-mounts Need a subscription to read but basically seems silly to sell and looking for the share price to at least double or even treble over the next year.
scotty1
03/5/2021
10:58
Excellent detailed work Will
atlantic57
03/5/2021
10:56
FRom the auditor's report dated 29/04/21 on the ye 31/10/20 accounts: "Risk 1: Capitalisation and valuation of Crete Project costs The group inventories, held in respect of the Crete project, represent the most significant asset on the statement of financial position totalling £46.4 million as at 31 October 2020 (2019: £45.8 million). There is a risk that inappropriate expenditure may be capitalised that is not in accordance with IAS 2. Furthermore, given that the Presidential Decree has been issued granting planning consent and that the Directors appear to be actively marketing the property, any lack of buyer interest in the property would be an indication of impairment. Therefore, there is a significant risk over the valuation of these inventories. In this area, our audit procedures included:  Testing a sample of capitalised costs in the year to ensure accuracy and appropriateness for capitalisation as project costs under IAS 2;  Reviewing correspondence and other third party documentation in relation to the project to confirm that the expected value of the project is in excess of the costs to date;  Reviewing and assessing the marketing activities for the site post grant of the Presidential Decree; From the work performed, we did not identify any transactions which indicated that capitalised costs were incorrectly stated." The important sentence in the 51 pages of these accounts IMV being:  Reviewing correspondence and other third party documentation in relation to the project to confirm that the expected value of the project is in excess of the costs to date;
wi1l
03/5/2021
10:32
From the Chairman's statement dared 29/04/21: "shareholders will be pleased to know that, following discussions with its valuers, the Company is of the view that the value of the Project has not been impaired by the effects of the pandemic." And the annual accounts y/e 31/10/20 published 30/04/21 Page 34 - Note 7 Intangible assets: "The Project is assessed using fair value less costs to sell. The directors have assessed the recoverable amount of the Project as being greater than the combined carrying value of the goodwill and inventories of £50,014,000 at 31 October 2020 (31 October 2019: £49,431,000) on the basis of valuations previously carried out and the positive progress made in the period since (see also note 10)." And Page 38 - Note 10 Inventories: "Inventories at 31 October 2020 amounted to £46,431,000 (31 October 2019: £45,848,000), comprising costs associated with acquiring and developing the site in Crete, planning and other design costs. In particular, the directors have considered the current value of the Group’s overall interest in the Project and its progress and are of the opinion that the Project site has longer term value in excess of the carrying value of inventories." IMV that suggests the value of the project will be in excess of £50M. Deduct liabilities to include loans say £10M. Leaves a minimum of £40M for shareholders. Shares (fully diluted)estimated at 600M. Equates to about 7p per share! HOWEVER (IMV) The land value of each plot identified in the project with outline planning could be worth £15M - £20M each, being conservative say two of the sites are worth £20M and three £15M Equates to total £85M. That would leave £75M to be distributed among 600M which is 12.50p per share! Not long IMV before we find out the true value of this project...................... If the final pieces of the jigsaw puzzle come together it will certainly be worth more than £6M value that the current share price of 1.20p equates to.
wi1l
01/5/2021
12:47
Rich foreigners and pensioners move tax residency to Greece https://www.tornosnews.gr/en/tourism-businesses/new-investments/44416-rich-foreigners-and-pensioners-move-tax-residency-to-greece.html Offering big tax breaks for making Greece a tax residence has already seen more than 90 foreign millionaires and 180 pensioners from other countries taking advantage, raking in 4.5 million euros ($5.46 million) so far. Many of them moved their tax domicile from the United Kingdom, and even from South America to Greece, while several Scandinavian pensioners have relocated to Greece, buying properties too, said Kathimerini.
wi1l
30/4/2021
15:18
All the snakes in the grass that I had noted have now been shared publicly in the accounts. Like Waterloo my understanding is that the clock starts ticking only when the contracts are signed. Everything hinges on the modifications that the church are willing to accept . If I put my Waterloo hat on , then yes if the church. Did move favourably then things Could move quickly by/min standards say 3 to 6 months . However as a shareholder of 7 years I remain very cautious . If they can come to the market quickly ie before the loan needs renewing with either. A An Rns saying the church have signed off fundamental changes which they share with shareholders . B They announce a signed deal with a third party. Then I might be more optimistic for our prospects.
atlantic57
30/4/2021
15:01
microscope yes but as pointed out the fact it's mentioned, does suggest it is getting to the business end and as for the church being loaded, I wouldn't be so sure about that, although they would be once the deal is done and work begins! As for timeframes, it's been discussed before that the contract clock doesn't start ticking until they break ground, at least that's my understanding.
waterloo01
30/4/2021
14:51
Yes agreed transparency is always a positive.
atlantic57
30/4/2021
14:43
My concern with that Waterloo is that they've had five years to renegotiate and it hasn't reached any conclusion. I suspect the Church isn't short of a few quid if they could afford to own all that land in the first place. From previous conversations on here I seem to recall mention that there was a timeframe within which work had to start or the lease could be cancelled. An open offer would doubtless be accompanied by bullish noises.... Hmmm, wonder if this saga will ever reach a conclusion
microscope
30/4/2021
14:10
These have been the issues that have Held the project back.It is reasonable To assume that as ce has shared this Information for the first time that he believes he has cracked it. We will have to wait and see how it Pans out the church have always been The key player
atlantic57
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