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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 Shares Traded Last Trade
  0.00 0.0% 1.30 98,596 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.20 1.40 1.30 1.30 1.30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure -2.08 -0.61 6
Last Trade Time Trade Type Trade Size Trade Price Currency
10:09:41 O 88,596 1.23 GBX

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Date Time Title Posts
19/9/202017:41Minoan Group- Travel and Leisure Company15,321
11/9/202011:50Minoan-Time for action.1,888
23/7/202016:57Minoan4
22/7/202021:19Bought some today32
06/3/201909:48Minoan285

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DateSubject
19/9/2020
09:20
Minoan Daily Update: Minoan Group Plc is listed in the Travel & Leisure sector of the London Stock Exchange with ticker MIN. The last closing price for Minoan was 1.30p.
Minoan Group Plc has a 4 week average price of 0.93p and a 12 week average price of 0.90p.
The 1 year high share price is 2.58p while the 1 year low share price is currently 0.65p.
There are currently 437,793,233 shares in issue and the average daily traded volume is 872,474 shares. The market capitalisation of Minoan Group Plc is £5,691,312.03.
17/8/2020
16:14
pj 1: A review of past performance against statements 2/5/2007 Share price 87p 30/7/2013 The coming year promises to be the most significant and transformational in the Group’s history.” Share price approx. 6.2p 1/4/2014 look forward to reporting to shareholders on further significant progress in all areas of the Group’s business over the next twelve months 10.2p 31/7/14 I look forward to reporting to shareholders on further significant progress in all areas of the Group’s business in the next few months. 11.9p 30/3/15 The coming months promise to be very exciting for the Group, 12.9p 31/7/15 I expect to be able to update shareholders with positive news. 9.8p 30/3/16 The next year is destined to be the most exciting and fruitful for the Group, its shareholders, Directors and staff and I look forward to making further announcements in the future. 8.8p 14/7/16 whilst there are momentous events over which we have no control, we have never been closer to fulfilling our substantial potential. 7.1p 31/3/17 The next year is destined to be the most value enhancing in the Group’s history and I look forward to making further announcements in the future. 11.6p 26/7/17 The forthcoming year looks set to be a transformational period for the Group 8.9p 14/12/17 the Board has carried out a review of the Group's operations and it believes that we are now entering a period that will be key to delivering shareholder value 7.2p 6/4/18 the Company’s share price performance has not fully reflected this achievement....what I believe will be very welcome news over the coming months. In July last year I said that the next twelve months were likely to be the most rewarding in the Company's history. I remain convinced that we are in the most rewarding period in the Company's history and that 2018 will see major developments 5.9p 31/7/18 approaching a very rewarding period in the Company’s history and that the latter part of 2018 will see major developments.....pending what I believe will be very welcome news over the coming months. 5p 20/9/18 the Company remains hopeful that the next twelve months should see significant progress toward the monetisation of the Project. 4.25p 8/10/18 Minoan's project in Crete is the only large scale project that has been fully consented through a Presidential Decree which, in the light of the ever growing market demand for top quality leisure accommodation in Greece, is significant and bodes well for the future of the Project and its value to the Company as well as to prospective investors and partners. 3.35p 8/4/2019 We are hopeful that 2019 will finally witness the commencement of the realisation of the value of our Crete project...I and my colleagues believe that 2019 will finally witness the beginning of monetisation of the Group's interest in the Project and hope that the market value of the Group begins to reflect that of its assets as further news of JVs and other transactions materialises...... the Group can disclose that it has recently received an early stage written approach that, if it were to progress, would result in the formation of a joint venture ("JV") with the objective of developing one of the five hotel and villa areas within the Project. The proposal would see the Group contributing land with an ascribed value to the JV and its JV partner providing equity, project finance, development expertise, and established links with an international hotel group that is a proven operator at the luxury end of the resort and villa rental market. Any transaction would include the right for the Group to monetise a large part of its JV interest. The discussions around value indicate that, if completed in line with those discussions, a figure would be realised at an indicative value which the Board believe that shareholders would find attractive. The Team's initial work is now largely complete and some of the designs will be incorporated into the Minoan Group website in the near future so that shareholders have a better view of their Company's Project. Shareholders should also be aware that we are already beginning to see the benefits of the appointment of such a Team and the substantial increase in credibility which it brings to the Project.1.9p 24/4/19 The Directors believe that the demonstrable strengthening of the balance sheet, the increased stability, and the reduction in liabilities arising from the Proposals, taken together with the measures outlined in the Chairman's statement accompanying the Report and Financial Statements will greatly assist the Group in its ongoing discussions and negotiations with third parties. 2.4p 31/7/19 The new Government and the active encouragement of investment it has proposed allow my colleagues and I to have real confidence that we will be able to achieve our ambitions in the foreseeable future. 2.15p 29/04/2020 The directors appreciate shareholders' patience in these matters and reiterate that they do not feel the current situation in any way lessens the potential of the Project. If anything its flexibility, location and size make it highly adaptable to changing needs. 0.825p 17/8/20 we look forward to updating shareholders in the coming period as we progress discussions with partners and prospective partners toward beneficial conclusions. 1.3p
06/8/2020
22:03
wi1l: All very intriguing and interesting to read everyone's take on today - I wonder who is closest. From our point of view: apart from the ending 650K (?)sale the pattern has happened before, the doors to buying on-line very firmly closed today in my neck of the woods anyway, and whoever it was wasn't budging an inch. So he didn't want us to buy any today which is generally a good sign. Another fact is that any selling has for quite a few months been matched with PI's buying, hoovering up the sells and IMV the buying has now overtaken any selling in recent months. Another (good)sign is the share price has presumably been starting to reflect that and increase with the spread also narrowing considerably, so encouraging on the one hand............ Probably the play is still ongoing - its what happens after this point which will also be interesting. Circumstances were different but if history repeats itself, when eventually the doors are opened they pushed the share price up when there was only limited interest and the buying soon petered out. THere wasn't any after hours large buys or sells too. This time, a few months on and circumstances are different, much more positive,which suggests buying interest will be there in abundance pending an update on progress of the project.
05/8/2020
10:47
wi1l: But why would they do that Nobby? And where are the shares coming from? We established in early April there was a prolonged period where there were no shares to be had for love nor money, especially money. And FWIW (yet again) since the shortage on 6th April the level of buying up to this point today amounts to 17,456,845 and selling 15,317,084 so buys are up by 2,139,761 (previous 757,932). They must spend forever digging ever deeper at the back of their sofa and coming up with more to sell and as far as I am aware they didn't buy any in the placing held recently either. AND coupled with the encouraging news which also suggests to me a deal on the project is closer now than its ever been, shareholders sensing this will be keeping an even tighter hold on what they've got. AND those connected to Martin Gilbert will possibly only now be looking to make an investment. There might be a sell order being worked on by WHI, possibly? Or I would have thought the share price would have gone up in leaps and bounds with the buying today. STILL getting very interesting IMV.
21/7/2020
16:40
yorgi: Equity Development : Equity Development Minoan Group skyline Symbol MIN Listing AIM Share Price 1.5p Analyst Roger Leboff Market Cap £7m ED Sector Leisure Simplified capital structure, reduced dilution Minoan Group will publish its interim results for the six months ended 30 April 2020 by the end of August, and at that point provide an update on the status of its development project in Eastern Crete. In the meantime, it has reorganised its secured debt, simultaneously cancelled a net 52m warrants (plus rights to future warrants) and raised £205,000 via a placing at 1.1p/share. The proposed restructuring, which is subject to shareholder approval at a General Meeting on 6 August will simplify the group’s capital structure and materially reduce potential future dilution. This puts Minoan in a better position to manage its ongoing working capital requirements as it progresses its project. Lockdown has delayed more detailed interactions with potential JVs and partners, preventing face to face meetings and site visits. The £0.2m raised in the placing will provide some working capital. The statement confirms that the Board has taken significant action to reduce ongoing running costs, to include a decision by Directors to defer and/or forego fees until the group has moved forward with the project. Finally, the project will coincide with Greek plans to entice foreign pensioners via the offer of a flat rate of income tax at 7% for retired foreigners who transfer their tax residence.
15/7/2020
11:24
grannyboy: The share price seems to be holding up relatively well considering the usual inactivity displayed by this comoany, and any news that is announced being the issuing of shares to keep the lights on.. If as I suspect going by past experience, my post should prod the share price up!
10/6/2020
12:29
wi1l: And from the auditors report of Minoan Group: "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;" INDEPENDENT EVIDENCE collected by the auditor. Costs of project to date £45.8M therefore expected value of the project is in excess of £45.8M. Present Market cap £6.1M share price 1.3p Expected value of project in excess of £45.8M equates to a share price in excess of 9.75p. Any investor buying in at these levels must be getting a bargain IMV.
01/5/2020
10:42
pj 1: Don't get suckered in by Traders talking their own book, and creating a false impression, and ignoring the facts about the Company. A brief history: 2/5/2007 Share price 87p 30/7/2013 The coming year promises to be the most significant and transformational in the Group’s history.” Share price approx. 6.2p 1/4/2014 look forward to reporting to shareholders on further significant progress in all areas of the Group’s business over the next twelve months 10.2p 31/7/14 I look forward to reporting to shareholders on further significant progress in all areas of the Group’s business in the next few months. 11.9p 30/3/15 The coming months promise to be very exciting for the Group, 12.9p 31/7/15 I expect to be able to update shareholders with positive news. 9.8p 30/3/16 The next year is destined to be the most exciting and fruitful for the Group, its shareholders, Directors and staff and I look forward to making further announcements in the future. 8.8p 14/7/16 whilst there are momentous events over which we have no control, we have never been closer to fulfilling our substantial potential. 7.1p 31/3/17 The next year is destined to be the most value enhancing in the Group’s history and I look forward to making further announcements in the future. 11.6p 26/7/17 The forthcoming year looks set to be a transformational period for the Group 8.9p 14/12/17 the Board has carried out a review of the Group's operations and it believes that we are now entering a period that will be key to delivering shareholder value 7.2p 6/4/18 the Company’s share price performance has not fully reflected this achievement....what I believe will be very welcome news over the coming months. In July last year I said that the next twelve months were likely to be the most rewarding in the Company's history. I remain convinced that we are in the most rewarding period in the Company's history and that 2018 will see major developments 5.9p 31/7/18 approaching a very rewarding period in the Company’s history and that the latter part of 2018 will see major developments.....pending what I believe will be very welcome news over the coming months. 5p 20/9/18 the Company remains hopeful that the next twelve months should see significant progress toward the monetisation of the Project. 4.25p 8/10/18 Minoan's project in Crete is the only large scale project that has been fully consented through a Presidential Decree which, in the light of the ever growing market demand for top quality leisure accommodation in Greece, is significant and bodes well for the future of the Project and its value to the Company as well as to prospective investors and partners. 3.35p 8/4/2019 We are hopeful that 2019 will finally witness the commencement of the realisation of the value of our Crete project...I and my colleagues believe that 2019 will finally witness the beginning of monetisation of the Group's interest in the Project and hope that the market value of the Group begins to reflect that of its assets as further news of JVs and other transactions materialises...... the Group can disclose that it has recently received an early stage written approach that, if it were to progress, would result in the formation of a joint venture ("JV") with the objective of developing one of the five hotel and villa areas within the Project. The proposal would see the Group contributing land with an ascribed value to the JV and its JV partner providing equity, project finance, development expertise, and established links with an international hotel group that is a proven operator at the luxury end of the resort and villa rental market. Any transaction would include the right for the Group to monetise a large part of its JV interest. The discussions around value indicate that, if completed in line with those discussions, a figure would be realised at an indicative value which the Board believe that shareholders would find attractive. The Team's initial work is now largely complete and some of the designs will be incorporated into the Minoan Group website in the near future so that shareholders have a better view of their Company's Project. Shareholders should also be aware that we are already beginning to see the benefits of the appointment of such a Team and the substantial increase in credibility which it brings to the Project.1.9p 24/4/19 The Directors believe that the demonstrable strengthening of the balance sheet, the increased stability, and the reduction in liabilities arising from the Proposals, taken together with the measures outlined in the Chairman's statement accompanying the Report and Financial Statements will greatly assist the Group in its ongoing discussions and negotiations with third parties. 2.4p 31/7/19 The new Government and the active encouragement of investment it has proposed allow my colleagues and I to have real confidence that we will be able to achieve our ambitions in the foreseeable future. 2.15p 29/04/2020 The directors appreciate shareholders' patience in these matters and reiterate that they do not feel the current situation in any way lessens the potential of the Project. If anything its flexibility, location and size make it highly adaptable to changing needs. 0.825p
13/4/2020
10:33
wi1l: There's alot "soon to be resolved" - quite a few plates spinning at present. 1) Loan of £1.1M matured last Thursday, however "Following its update on 3 April 2020, Minoan confirms that the constructive dialogue previously reported is continuing with its loan provider and with other parties regarding its extension or settlement and restatement of the loan of circa £1.1 million (including interest), which matures today (9th April). The Board of Minoan believe that they will be able to resolve this matter in the near future and will update the Market in due course." 2) The report and year end accounts 31/10/19. "We will update the market further in our preliminary results announcement which, taking into account the current situation, we now expect to make later in April". 3)Stemming from the accounts will be the audit report - until the accounts are presented it remains a question as to what form this will take. Probably the outcome of 1) will affect this. 4) In addition to this it will be interesting to see the treatment of the inventory currently standing in the accounts at £45M. Whether a write-down/impairment of the asset will be provided - If not, suggests there is at least one interested party willing to part with a tidy £40M plus for the project (about ten times the current share price). 5) The web-site still needs updating as per the report in the previous year's accounts ye31/10/18 reported 8/4/19."The(New Design)Team’s initial work is now largely complete and some of the designs will be incorporated into the Minoan Group website in the near future so that shareholders have a better view of their Company’s Project".
22/10/2019
13:08
tim000: My guess is that Brexit uncertainty is hanging over the negotiations, given the importance of UK & European tourists to the success of the project. Once a deal is finally signed off, I think consumer & business confidence will improve significantly, which should be reflected in the MIN share price. I further suspect that the approaching sign-off of the deal in Parliament has contributed to today's rise.
26/11/2018
22:07
pj 1: My understanding and thoughts of where we roughly are :- Prospective partners/purchasers contact Minoan. Minoan can now RNS that they are in ''discussions''. These discussions can take place on an ad hoc basis or be more structured. However, this gives an issue as these discussions cannot include any terms or £'s in an RNS as nothing can be checked under DD by the NOMAD, who will refuse to sign it off. Hence why there is currently little Minoan can do to communicate positive developments to uplift the current share price. Therefore following that, a perceived lack of progress, right or wrong, is contributing to selling rather than buying, coupled with general market uncertainty. The ''sale'' of T&L as a related party transaction has added to the mistrust, although the share price had been in decline way before this. Hopefully at some point in the (near)future these ''discussions'' will turn to ''negotiations'' or even ''bidding''. Negotiations have things put in writing and include legal advice and documents, which then can be checked (DD) by the Nomad and can therefore be included in an RNS if the Company so wishes, although often ''non disclosure'' can apply. In that circumstance Minoan would have to find another acceptable way to update the market as to not jeopardise any future negotiations. So, assuming we are somewhere (hopefully) between discussions and negotiations we now have a chicken or the egg syndrome. Is the low market cap preventing negotiations as any prospective bidder reverts to the multiple Minoan want (bearing in mind any prospective purchaser may have to justify this to their own shareholders)or is the lack of negotiations resulting in the low market cap? Off course we should not ignore that Minoan could well be in negotiations, although I do doubt this, but have decided for whatever reason not to RNS. I also note previously that Minoan did RNS and include the word ''negotiation'' at the beginning of the RNS, and then reverted back to solely discussions later in the RNS and to the future. Is this an indication some ''negotiations'' failed to attract a reasonable offer or partnership, hence the selling and low share price? These are my thoughts alone. No doubt I have not got it 100% correct, but I think the main theme of the post is probably not far from where we are, unless Minoan have taken the decision to not RNS and keep us in the dark with the low share price, which I really doubt, or that ''discussions'' are nothing more than enquiring phone calls, again very doubtful but not impossible.
Minoan share price data is direct from the London Stock Exchange
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