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% 0.825 50,000 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.75 0.90 0.825 0.825 0.825
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure -3.02 -1.36 4
Last Trade Time Trade Type Trade Size Trade Price Currency
16:05:18 O 50,000 0.675 GBX

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Date Time Title Posts
30/3/202008:51Minoan-Time for action.1,835
28/3/202015:36Minoan Group- Travel and Leisure Company14,137
02/1/202019:51Bought some today11
20/3/201809:30Minoan Group20

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Minoan (MIN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-03-30 15:05:190.6850,000337.50O
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Minoan (MIN) Top Chat Posts

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 0.83p.
Minoan Group Plc has a 4 week average price of 0.83p and a 12 week average price of 0.83p.
The 1 year high share price is 2.80p while the 1 year low share price is currently 0.83p.
There are currently 435,047,778 shares in issue and the average daily traded volume is 133,457 shares. The market capitalisation of Minoan Group Plc is £3,589,144.17.
wi1l: Well, looking on the bright side the obvious solution is for Zachary to exercise their warrants for circa £2M+, Minoan then repay Zachary the loan £942K and then have £1M+ working capital to give them (yet more)breathing space. In return Zachary own 17% of Minoan and have a member on the BoD and the ability to influence the progress of the project thereby shifting their risk in the venture of Brooklyn travel onto the reward to be gained from the less risky & soon to be up & running Cavo Sidero project! Every ones a winner!! What am I missing?? Oh the share price is currently a little bit on the low side but we all know THAT!! It will just have to adjust accordingly.
atlantic57: Yes it does seem very very odd share price plummeting ahead of a superb deal being announced.The share price behaviour suggests a large placing ahead,. Yet volume of shares traded remains modest. If the board can’t do a deal in these circumstances then it sounds like never will. Well i am in till 9 April...
wi1l: Its also slightly different in that the company is not trading and have one valuable asset, a very large area of land, which is (presumably) going up in value month by month. It doesn't make a lot of sense to therefore see the share price go down! And will it matter too much if a deal is to be done it will be worked on the value of that land, not the share price which should therefore readjust according to how good a deal is done/if a deal is done. What matters are the efforts of the bod to realise value for its shareholders during the time-frame permitted and therefore we are relying on their ability to do this. Given the conditions over there there is every reason that they will achieve this.
wi1l: In terms of numbers the buying yesterday has soaked up the recent selling pressure in one day and yet since 1st Jan the share price has dropped from 1.9p/2.3p down to 1.6p/1.8p. So far in Jan Buys 3.5M as opposed to sells 3.7M so theres very little in it. Pinkfoot stands out as being able to judge just when to enter the market - the share price inc by 10% yesterday and from memory the rise the last time was 25% in a day. Maybe there's more to come Monday? FWIW Ye 30/11/19 Buys 46.6M (assuming ?1.2M are buys) sells 37.5M Net positive Buys about 9M plus. Dec '19 buys 3.5M sells 3.7M so about even. Sentiment seems to hit harder as the share price at start of Nov 18 was 2.75p/3.0p has dropped to 1.6p/1.8p. It should surely be doing much better IMV.
tim000: I happen to be a professional economist, and it was obvious back in 2008 that the only hope for the Greek people to survive the disaster that is the euro, was to follow policies of the type being followed now by the new Greek government: deregulation, reducing bureaucracy, lowering taxes on capital, profits and employment, and promoting foreign direct investment. (Better still would have been to leave the EU and the eurozone, to free up the exchange rate, make Greece more internationally competitive, and avoid all of its protectionist policies.) In that sense, Greece has truly suffered a lost decade due to its voting decisions and poor governance, resulting in enormous unnecessary human suffering. I bring this up because, with the collapse in land values, property prices and the domestic economy, and the business-unfriendly political backdrop, there wasn't a hope in hell of the Minoan Directors achieving a good deal in the years following 2008. Don't blame them for the lost decade. But now, there is real hope for the Greek people, and for long-suffering MIN shareholders. The share price over the past decade is no longer indicative of MIN's future.
tim000: Has anyone considered whether the sale of Minoan's rights to the development will be via a direct sale of the rights, or through a sale of the whole company (since the two are effectively the same thing)? It's just that if the whole company is sold, then obviously the share price will fully reflect the value of the transaction. But if Minoan receives cash, then the share price is unlikely to fully reflect the value of the balance sheet, unless the net proceeds are fully distributed to shareholders as a special dividend (the company having first paid all outstanding debts). Would the company then be wound up? For example, I believe management has 8 mn options @9p. Without a sale of the company at a price over 9p, management might not find it profitable to exercise the options.
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.
pj 1: So far this year I have been in one Company that has entered administration, where a Director hid behind untruths. I am also in APC who's BoD have today accepted a cheap offer at a miserly 9% premium to the closing share price. It is obvious they will benefit financially with increased awards, and share the long awaited returns from a turnaround with the purchaser. To that end, it has crossed my mind a number of times that CE knows what value he can get for Minoan and the Project. He has for years, but his sole intention has been to maximise his remuneration for as long as possible, whilst possibly claiming travelling expenses for himself and possibly family across Europe, at shareholders expense. We will probably never know if that is true or not, but at least keep an open mind. AIM really is not fit for purpose anymore. All in my opinion only
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.
wi1l: FWIW would suggest that the drop in share price over last four months could be due possibly in part to the dwindling volumes rather than any sell-off. Aug B7.3M S5.3M share price ended up 5.3/5.8 Sept B5.7M S6.9M share price ended up 3.1/3.5 Oct B5.6M S5.4M share price ended up 2.75/3.0 Nov (so far) B2.2M S3.1M share price ended up 2.2/2.4 About level buys v sells but the share price has more than halved!
Minoan share price data is direct from the London Stock Exchange
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