Minoan Share Discussion Threads

[waterloo01] 06/5/2022 12:25

Sorry to hear it. Had mine out age 4. Still remember the particular pain.

[nobbygnome] 06/5/2022 12:23

All good wishes to you for a speedy recovery!

Yes you missed a placing.....

[wi1l] 06/5/2022 12:18

Have spent the last week in the BRI hospital with acute appendicitis. Have I missed anything?!!

[atlantic57] 06/5/2022 12:13

I have some concerns about how quickly share will rerate .

If they really are close to signing off on some commercial deals the 40 million placing will provide plenty of sellers.

I suspect the bod had been putting off the placing for as long as possible in the hope that deals could be signed off .

They clearly needed the funds to keep the lights on.
I suspect the Oder of events in the near term will be .

1 Foundation sign off
2 loan extension agreed with more equity

3 Discussions begin in Earnest with third parties

[atlantic57] 06/5/2022 12:06

Your summary is fair.
If they don’t come up with jam soon .

On the other hand despite the endless promises and non delivery they seem to able to raise money…

[nobbygnome] 06/5/2022 09:44

The bottom line is if they get a successful renegotiation over the line the share price will undoubtedly rerate despite the recent fund raising because it opens the door to the entire development. It appears a deal with the Foundation is very close so for me at this level of a £7 million market cap there is clear value!

[rafboy] 06/5/2022 09:31

Sounds close and a great entry price currently.

[daicaprice] 06/5/2022 08:53

Thanks for sharing waterloo.

DC

[atlantic57] 06/5/2022 08:52

I assume that original professional valuation of minoans interest of 100 million Euros is not related to the statement regarding stabilised turnover.


I agree 100% with the the statement below.This has been the case for many years .
Now within short order it is within our grasp.




Catalysts for rerating, short term, will be provided by firm evidence that MIN has navigated key challenges and made the development a reality. In the immediate term, any revised agreement with the Foundation should prompt a reappraisal of the group’s investment appeal.

[waterloo01] 06/5/2022 08:44

I understand the meetings are ongoing to refine the detail but noises are highly encouraging that a deal is close.

[waterloo01] 06/5/2022 08:42

06 MAY 2022
Statement sets out catalysts for potential rerating
Minoan’s statement for the year to end October 2021 sets out the status of its Cavo Sidero project in Crete, and details of the progress made during the period (and post the year-end) to bring the development towards implementation.

The project is a luxury hotel and villa development that will house four luxury five-star hotels and villa complexes. Minoan commissioned new studies for the detailed environmental assessment of the project and site during FY21. These underpin a revised masterplan which incorporates a new, more luxurious development that fully capitalises on the asset’s ‘Strategic Investment’ status.

The investment case pivots on potential for Minoan to secure (a) an amended agreement with the Foundation in 2022 and (b) development partners to undertake or partner / purchase discrete components of the scheme’s hotels or villas, typical for this type of development.

The current business plans forecast, once the resort becomes fully operational, a stabilised turnover for hotel & villa rental rooms above €100m pa which excludes real estate profits. Catalysts for rerating, short term, will be provided by firm evidence that MIN has navigated key challenges and made the development a reality. In the immediate term, any revised agreement with the Foundation should prompt a reappraisal of the group’s investment appeal.

hxxps://www. equitydevelopment.co.uk/research/statement-sets-out-catalysts-for-potential-rerating

[clocktower] 05/5/2022 13:04

Come on T101 - tell us how many millions shares in this have you picked up at less than 15% above the placing price. :-)

[nobbygnome] 05/5/2022 12:23

Good volume again with those 2x600k buys

[nobbygnome] 05/5/2022 11:54

Yes good to see and now the best offer online is 1.14

[daicaprice] 05/5/2022 11:15

Nice 500k on the dip, good buying.

DC

[rafboy] 05/5/2022 11:15

Nice 500K buy just now.

[daicaprice] 04/5/2022 21:06

NY Boy, I suggest you put your money in a 2% bond mate.

DC

Always disappointed when they don’t react.

DC

[daicaprice] 04/5/2022 21:03

He’s a curse and has become a shorter since it’s been allowed, anyone that makes money out of shorting a perfectly good Co. isn’t good with me.
I’m personally glad he’s not endorsing us.

DC

[ny boy] 04/5/2022 21:02

The placing was obvious months ago, the Company had no money just some loan at a high interest rate, let’s hope the management actually deliver this time and not burn through the cash with no end deal to save their bacon, Jury is still out with a massive dilution. They need to seriously deliver this time!

[scotty1] 04/5/2022 17:26

waterloo he actually first tipped it at 70p + many moons ago.

[waterloo01] 04/5/2022 17:12

It's a fair enough comment from him as he tipped this when it was 6p +. He said sell sometime ago although he says Nigel still holds. He hopes it comes good but can't bring himself to tip it again.