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% 1.075 100,000 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.05 1.10 1.075 1.075 1.075
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure -0.88 -0.20 6
Last Trade Time Trade Type Trade Size Trade Price Currency
12:04:13 O 100,000 1.08 GBX

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Date Time Title Posts
20/9/202111:31Minoan Group- Travel and Leisure Company17,615
15/9/202107:41Minoan-Time for action.1,943
10/2/202109:05Bought some today38

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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 1.08p.
Minoan Group Plc has a 4 week average price of 0.98p and a 12 week average price of 0.98p.
The 1 year high share price is 1.50p while the 1 year low share price is currently 0.93p.
There are currently 602,517,005 shares in issue and the average daily traded volume is 132,636 shares. The market capitalisation of Minoan Group Plc is £6,477,057.80.
pj 1: Why is it always MM games when the share price is falling? But it's never ever MM games when the share price is rising?
atlantic57: I have never understood how market makers make a price. Clearly there major principle is to make a profit and get people to buy and sell. However todays volume is pitiful and yet once again they hammer the price down. They do seem to want to drive the min price down at any opportunity.
wi1l: FWIW shares bought by PI 31/8 and 1/9 IMV came to 5,371,228 and sold 693,342 with other 112,880. And although it was attempted to be concealed by MM manipulation there have been a net 4,677,886 shares bought on those two days alone and mostly by members of this thread and the share price hardly moved up and yet any small sell and down it goes. Where are they getting their shares from to sell at such a low price AND make a return that is profitable????
atlantic57: clocktower Min currently is attracting a very small group of buyers ( I have no idea how many of these are traders) Many have been here for years. In the next few weeks either the Company will announce a significant Rns in which case we will move forwards powerfully or lack of news will send us down. The share price from here will be driven by rns
nick2412: Some excellent posts from waterloo that highlight how material the developments and impending legislation are to MIN. Not many yet have grasped the significance from MIN's perspective so it's an astute early move from Langland imo. The slow pick-up is understandable because, as you would expect for legislation, the initiatives being put forward are presented in dry, complex language or legalise. It also becomes more complex in the translation process. trades should pick up even more though as the market begins to tune in to the fact that once this very short consultation completes, almost certainly the business incentives will become law. The fact that these developments are so material to MIN is highlighted by the anticipated requirement by MIN to rns confirmed legislation. It's been a long journey but the rewarding destination is now firmly in sight.
atlantic57: Taking the chairmans statements in 2021 at face value .He has led us to believe that he has been in talks with third parties and that these are at and advanced stage. If CE is starting talks from scratch given the speed that Minoan work at , it is difficult to visualise significant progress within 12 weeks. They have been talking to the foundation since 2018 I am unclear on how long it will take the lease to move to 99 years this has also has been spoken about for 3 plus years. Clearly a 99 year lease if it moves into law and if the foundation budged must be significantly value enhancing. The negatives are : a) Ce has been claiming to be near to a deal for years...... b) The weakness of the balance sheet in terms of current liabilities leaves min in a very weak position in any negotiations. c) The very low market capitalisation of the Company is also a major weakness. The positives are : a) There has never been a better time to do business in Greece. b) There is a huge discount to net asset value even without the church coming on board and the 99 year lease issue being legally enshrined in Greek law. IF CE Cannot bring a signed deal to the table by the end of October he should stand down. IF a new chairman ie Martin Gilbert was appointed it would give the share price a huge lift.
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.
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."
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).
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. Interims and a placing, 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
Minoan share price data is direct from the London Stock Exchange
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