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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% 1.175 324,184 15:51:02
Bid Price Offer Price High Price Low Price Open Price
1.15 1.20 1.20 1.175 1.175
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure -0.88 -0.20 7
Last Trade Time Trade Type Trade Size Trade Price Currency
15:50:31 O 300,000 1.1775 GBX

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Date Time Title Posts
23/6/202120:57Minoan Group- Travel and Leisure Company16,890
11/6/202119:42Minoan-Time for action.1,933
10/2/202109:05Bought some today38
23/7/202016:57Minoan4
06/3/201909:48Minoan285

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Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-23 14:50:321.18300,0003,532.50O
2021-06-23 11:39:551.2324,184296.50O
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Minoan (MIN) Top Chat Posts

DateSubject
23/6/2021
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 1.18p.
Minoan Group Plc has a 4 week average price of 1.15p and a 12 week average price of 1.15p.
The 1 year high share price is 1.60p while the 1 year low share price is currently 0.90p.
There are currently 561,644,276 shares in issue and the average daily traded volume is 1,057,136 shares. The market capitalisation of Minoan Group Plc is £6,599,320.24.
17/6/2021
10:03
nick2412: Market makers looking for stock and large amounts and up to 1.2m. Buy limits 170,000. Potentially impending news? Overhang cleared? Or just another quirk / tease whilst significant news from the Church discussions is awaited? I have spoken with PJ before and he is a decent person, but perhaps he is looking on slightly enviously. That's human nature. Despite the long-term frustrations, anyone looking at MIN with fresh eyes will see:- a) Ex CEO of Aberdeen Asset Management actively involved b) The prospect of desirable adjustments and a lease extension discussions that will increase the value. c) An existing audited value of 7.5p per share that is likely to increase if b) is successful. d) An extremely favourable tourism development climate in Greece. e) A supportive Greek Govt encouraging overseas investment. f) New and existing parties lined up ready to bring discussions to a conclusion once b) is finalised. g) The pandemic making the spacious Crete project very favourable for second home workers including those who want a tranquil, idyllic and safe second hime working and leisure environment. h) CE's message that he will " will be able to update shareholders on progress on all the major issues more frequently over the coming weeks and months." That implies that the Church discussions will soon be completed and MIN will then be on a pathway to complete seemingly already advanced commercial discussions.
16/6/2021
21:22
atlantic57: Pj it is impossible to ramp min. The only thing that will drive the share price higher is an rns demonstrating tangible progress. As for shorting from the current share price given the spread it would be difficult to make a profit.
11/6/2021
13:10
nick2412: Quite right Will, hopefully patience and some averaging down will pay off. MIN's nav is a fraction under 7.5p per share. With the (MIN) result statement anticipated "desirable adjustments to its contract and long lease" extension then the nav will surely be enhanced. I envisage MIN have talked figures with prospective interested parties and it will be variable depending on what is agreed. X amount without a lease extension, an increased figure for an extended 90 year lease and a further increased amount depending on the extent and specifics of any desirable adjustments to the current contract. It pays to have cautious expectations with MIN and it's hard to predict what will be the ultimate return. I'd be happy with 3p from here but expect and hope for an ultimate return of around 5p a share. That said the things MIN have alluded to materialise combined with all the positive financial and tourism sector appeal of Greece / Crete then I suppose there is an outside chance of anything up to 10p. Clearly it is the Church negotiations that have caused delays hence Christopher's comment in the results: "Once these have been agreed we will accelerate commercial discussions with new and existing parties and bring them to conclusion." The final results comment suggests once the 'desirable adjustments' discussions with the Church are concluded MIN will hopefully move forward and conclude with one or more of the new and existing parties in development discussions: "I am pleased to be able to say that I believe that I will be able to update shareholders on progress on all the major issues more frequently over the coming weeks and months."
11/6/2021
09:07
tim000: Not a frequent poster, and not at all here since the pandemic broke. But with that receding, and prospects for a deal improving, I’ve added circa 3 million shares this week, including the 500k this morning. My guess is that service providers paid in shares this year have been selling at anything over 1.1p. Once that supply is exhausted, which should be soon, a series of positive announcements in the coming weeks and months should rerate the share price. Fully diluted book value is ca 7.4p per share, implying a ridiculous discount in the share price for a prime piece of real estate (imho).
05/6/2021
12:29
microscope: Good point Will, probably filed under expenses... Never quite can tell with CE! A little light hearted stroll through the rest of 2021 for you all June: Radio Silence. Share price hits 1.4p before Nobby realises he has a spread bet open. Returns to 1.25p :( July 31. Announcement that Mr Gilbert has granted a 13 month extension on the loan. This is greeted with 70 joyous posts and a buying spree. Until glass half empty miserable git microscope reminds everyone this was referenced at results time. Nevertheless shares hit 1.5p. August/September. No news though CE is spotted by an eagle eyed twitterer on a beach in Greece talking to a lady and this leads to speculation that she is a potential investor, though it is also noted that she seems to be advertising a pair of assets of her own. Shares edge lower to 1.3p October: Placing at 1.2p to pay for current expenses. And accompanying comment that talks with the Foundation are going, really, jolly, well, and at a faster pace than anyone could have predicted. Daicaprice declares a 3 percent stake :) CE looks forward to updating shareholders in the coming weeks, though the recently discovered Greek variant was a potential cause for concern. November: A nasty hurricane sweeps through the island, leaving several buildings damaged. CE is praised for his foresight in not starting building work before the winter. Share price 1.25p 23 December: Interim results and... Oh a placing. Talks are reaching late stages with potential partners and 2022 promises to be the most exciting in the company's history.... Share price 1.4p
20/5/2021
13:20
pj 1: He NEVER delivers. 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 31/7/15 I expect to be able to update shareholders with positive news. 9.8p 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 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 31/7/19 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
17/5/2021
15:06
atlantic57: A Good Compromise would be to appoint Gilbert as Chairman the moment the Church sign off.His appointment would send the share price surging meaning we were in a much stronger position in negotiations with third parties. The low share price relative to the net asset value does not help us.
03/5/2021
10:32
wi1l: 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.
30/4/2021
08:56
nick2412: Well spotted skipper, on the commitment for more regular updates. The phrase "I will be able to" suggests that he hasn't been able to be too forthcoming whilst sensitive negotiations with the Church have been ongoing . It also indicates to me that the agreement with the Church is fairly imminent and the main basis for an agreement has been reached. It's the first time that I have seen that he has alluded to the discussions with the Church so specifically, and that suggests the main points have been agreed and the final minor bits are being tied up. Without progress he would have just remained silent or had an obscure and fairly meaningless reference to this factor. I think MIN will have a number of valuation scenarios to put to interested parties based on the final agreement with the Church. I can see things more very quickly from here. That's all relative of course in terms of MIN speed. But with Gilbert's influence I suspect things will be tied up by Autumn or year end and holders with saintly patience should be highly rewarded. The commitment for regular communications suggests CE knows what is lined up and the Church deal should free up his quill and ink.
22/3/2021
19:12
pj 1: 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
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