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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% 1.10 6,418,969 10:40:06
Bid Price Offer Price High Price Low Price Open Price
1.05 1.15 1.10 1.075 1.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure -0.75 -0.14 7
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:59 O 500,000 1.10 GBX

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Date Time Title Posts
03/2/202320:11Minoan Group- Travel and Leisure Company22,943
02/2/202318:40Minoan-Time for action.2,614
31/1/202309:16MIN - on the precipice 57
22/11/202215:44Minoan goal-
10/2/202109:05Bought some today38

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Minoan (MIN) Top Chat Posts

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Posted at 03/2/2023 08:20 by 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 1.10p.
Minoan Group Plc has a 4 week average price of 1p and a 12 week average price of 0.98p.
The 1 year high share price is 1.35p while the 1 year low share price is currently 0.93p.
There are currently 672,517,005 shares in issue and the average daily traded volume is 1,484,767 shares. The market capitalisation of Minoan Group Plc is £7,397,687.06.
Posted at 01/2/2023 10:30 by daicaprice
No more than anyone else I’m afraid bolly, the interest from 11.30am yesterday was certainly out of the blue but I’ve always said a leek from Greece was extremely likely to happen and I believe that was what it was.
I personally have no concerns that the new Foundation deal is done & dusted or that DAGG are fully behind Minoan, I’m also led to believe that grants can be accessed at an extremely early stage when development and operating partners are on board.
I’m hopeful that Foundation and DAGG deals confirmation is imminent and that negotiations with partners are ongoing and nearing a conclusion, this I would expect to attract Greek investment interest at a far higher NAV than where we are now.
That is why I’m still here and in fact added further last week, only time will tell but I’m going nowhere until I see a clear pathway forward and I am expecting that to be at a far higher share price than my expectation was this time last year.
In my opinion George and Marco have been absolute game changers, I wouldn’t rule out an approach either and would expect bidding to start at a 3p minimum & rising from there.
I may of course be a dreamer and way off the mark but as I said I’m going nowhere and will wait for news before updating my exit strategy and price range targets.

DC

Posted at 04/1/2023 02:55 by ny boy
Mudbath, just another a Greek Tragedy, how much was the MIN share price in May 2007, yes you guessed it from the top of the header 87p!! enough said
Posted at 31/12/2022 15:29 by nick2412
2011 link but granted it's interesting. It's still irrelevant though given the Presidential Decree. With references and links, it's essential to put the dates unless the intention is to deliberately mislead about the current status and future prospects. Also noted (over on LSE) is the desperate effort to give the thread a negative title when there are many other positive quotations despite the 'documentary' having a biased (anti-development however sensitive the proposals) slant.

A previous long-time objector who assumed MIN / Loyalward were "sworn enemies" says he met someone associated with the project and was won over as shown in the clip. He states after being invited to see the plans he "realised they were proposing all the things I had been proposing for years."

What is key though is that after long discussions, project adjustments and numerous appeals an irreversible Presidential Decree was issued and, like it or not, the project is on track to go ahead with highly sensitive proposals that use just 0.5% of the leased area for development.

What I find amusing is that the detractors (of MIN) chop and change from the leased area being categorised as harsh worthless scrubland to an idyllic scenic location that shouldn't be touched.

This link was interesting but a date should have been added as it's irrelevant in the context of whether MIN as an investment is going to be a success. There has been a lot of misunderstanding (deliberate or otherwise) of what a Presidential Decree amounts to. It's irreversible and unappealable.

There have been a lot of posts (here and elsewhere) deliberately trying to mislead in order to try and dampen sentiment in order to buy in cheaper. Some on the filter button were even posting on Christmas Day - how sad is that.

All the recent news suggests that commercialisation of the project will move ahead rapidly once the Foundation discussions are agreed and formalised. This should be reflected in a corresponding buoyant share price. The detractors will not like that one bit for whatever bitter reasons motivate them. Review the share price and news released by the end of January and let's see.

Posted at 31/12/2022 11:56 by pj 1
11 November 2008
MINOAN GROUP PLC
("Minoan" or "the Company")

Appeal Hearing - additional information

Minoan Group Plc, the AIM-quoted leisure resort developer, provides the following additional details further to the brief announcement
regarding the Appeal Hearing released last Friday, 7 November 2008.
After submission by the Company of the Environmental Impact Assessment ("EIA") for the Cavo Sidero Project, which was the most extensive
EIA ever produced in Greece, the Environmental Terms were approved and signed off by six Ministries of the Greek Government in February
2007. An appeal against the Government approval was raised by the appellants on environmental and planning grounds and, after three
deferrals, was heard by the country's Supreme Administrative Court, the Conseil d' Etat (the "Court"), last Friday.
A judge rapporteur, who had been appointed by the Court to study the case, produced a non-binding report in advance of the hearing. The
view expressed in this report suggested the acceptance of the appeal and the annulment of the environmental terms of the project mainly on
the basis that the planning route taken should have been under a special planning approval (POTA), rather than the usual tourism planning
regulations under which our application was made. The Company has worked for over eight years with all of the past and present governments,
and a large number of the relevant national, regional and local authorities. At no time did any of the parties involved consider POTA to be
the correct, let alone obligatory, route to be followed.
==================================================================================
So basically no-one wanted the development and mis-led Minoan to believe otherwise until it came to the FINAL crunch.

What the past governments failed to recognise though was that MIN would not go bust and disappear as hoped, due to the ease it could raise funds from gullible AIM investors, which still continues today.

Meanwhile during this time, in my opinion, the Directors realised they were never going to obtain their discounted properties in Crete so decided to maximise shareholder fund spend in other areas. i.e. remuneration and no doubt 'expenses'

All IMO

And still Minoan, the bad penny, is still raising funds.

They will make a film about this one day.

Before this MIN could have returned 10p per share to its shareholders from cash(plus some other assets). That is what it should have done, and now investors are targeting how much?

Posted at 24/12/2022 05:07 by ny boy
Seriously, the history speaks for itself, they certainly like the use of the word “transformational” lol!🤦ㇿ5;‍♀A039;💩

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

Posted at 17/12/2022 13:34 by nick2412
Past performance is no indicator of future performance. It is usually said in the context of a fund having previous good returns but applies both ways of course.

The political and economic climate in Greece and MIN's key personnel are very different now. It doesn't bother me if a few misanthropes don't understand that but I suspect they will miss out on substantial 2023 gains.

It's always best to be open-minded whether a bull or bear on any stock. In this instance, the bears don't appreciate that an ex-Greek Finance Minister with an impeccable CV over several decades simply wouldn't touch MIN with a barge pole, let alone invest material sums, unless the odds of success were extremely high.

The paucity of research by the bears on the EU Recovery Fund that is available to development projects in Greece at 1.1% means they are stuck in a time warp. It's a fair assessment to say prospects were poor and MIN was a dire investment in past years for so many reasons - internal and external, however, in terms of assessing future prospects that approach is meaningless and simply misrepresents the current prospects.

In some cases, it was just a simple case of losing money on MIN in the past and being a bit bitter about it. I can understand that and empathise but it doesn't help evaluate future prospects with any sense of objectivity.

I am very confident that MIN will be a very rewarding investment in 2023 and have no wish to be smug after this happens. But I would suggest a bit more objective comment based on the current MIN personnel and Greek political context makes for a more interesting discussion.

Not only is MIN extremely confident that they will do a deal with the Foundation that provides for a 99-year lease and other crucial changes, but they are also flagging up commercial developments. That's no coincidence because the successful conclusion of the deal leads to commercial advances. None of these statements would have got through the NOMAD unless there was real substance to them.

hTTps://news.gtp.gr/2022/01/07/greece-2-0-recovery-tool-to-fund-key-tourism-projects/

Posted at 16/12/2022 13:45 by clocktower
I would be more worried about the loan than digging for treasure mudbath. Only days to sort that out, and note the last comment: Plus 35 million warrants at 1.4p

RNS 18.07.2022

"(The "Company" or "Minoan")

Loan Extension

Further to recent announcements by the Company highlighting the growing belief by the Board of Minoan that the Company is finally nearing the definitive stage of its development of its Cavo Sidero project in Crete, the Board is pleased to announce that it has reached agreement for an eight month extension of the repayment date of the only secured debt (the "Loan") of the Company.

Loan Extension

The Loan is with DAGG LLP ("DAGG") and has been extended to 31 December 2022 for a fee of GBP150,000 to be settled by an issue of Ordinary Shares in Minoan at 1p per share.

The amount outstanding at 30 April 2022 was GBP1,338,182. The interest rate is 10% per annum. Other than the repayment date, all terms of the Loan remain unchanged.

The expiry date of a total of 35,000,000 Warrants to subscribe for Ordinary Shares in Minoan at 1.4p per share held by the members of DAGG, will also be extended to 31 December 2022 to be coterminous with the Loan.

Nicholas Day, a substantial shareholder of the Company currently holding 9.45% of Minoan's issued share capital, is a member of DAGG. The loan extension and fee constitutes a related party transaction under Rule 13 of the AIM Rules for Companies. The Directors of Minoan consider, having consulted with the Company's nominated adviser, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.

Christopher Egleton, Chairman, comments:

"We are pleased to have been able to agree this extension to the Loan to cover a period during which we expect the Company's Project in Crete to reach a definitive stage in its development."

Posted at 10/12/2022 17:53 by tim000
Obviously the DAGG loan is coming up for another extension, hopefully the last. It suits DAGG that the share price is still around 1p, enabling their members to further average down. And they’ve all been very supportive of the company over the years, so no one can begrudge them that opportunity. What I don’t know is whether there is any causal link between the suppression of the share price and the forthcoming refinancing. If there were, hopefully the next couple of weeks will be our final chance to add cheaply. Thereafter, news events should result in progressive reratings of the share price to more sensible levels.
Posted at 02/12/2022 17:31 by clocktower
yorgi - maybe you should reflect on what you were saying in 2012/2013 etc etc when the share price was ---

While I wish you all luck with MIN you have filtered so many posters that put forward a different point of view, even though to date they have been proved correct when it came to the share price you were encouraging folks to buy back in 2013.

Do you just dislike people that put forward alternatives, and are unwilling to debate it with them but would rather ban them from your thread even though they are civil and polite.

Even the committed clearly accept that the share price is more than unlikely to reach anywhere where is formally was.

Posted at 29/11/2022 12:06 by nick2412
mudpath, perhaps you should keep your focus on your failing disinfectant company BYOT rather than spamming other threads with inane troll-like posts.

MIN has been a frustration over the years, but I believe the Company is on the cusp of success and one of the few potential multi-bagger stocks around. There are some key facts that those that haven't done basic research should look at:-

1) The appointment of George Mergos, former Greek Finance Minister. George has put in significant sums of cash to back MIN. He has a track record of success and wouldn't have joined MIN to blot his impressive CV at the back end of his working life.

2) George will have been handling negotiations with the Foundation, and MIN has reported that things are progressing. His understanding of land development, financing and, perhaps most important, Greek culture will have been instrumental in making progress with the Foundation. I hope and expect to see the fruits of that reasonably soon, which will clear the way for a lucrative commercial deal.

3) The multi-billion Greek Recovery Fund is also a game changer. The ability of those involved in the project to fund it (as I hope and anticipate they will be able to) at interest rates below 0.5% adds enormous value to MIN and has yet to be factored in to MIN's £47m nav.

There are plenty of other factors that, for me, weigh the risk/reward factor heavily in favour of reward. The next couple of months (and quite probably significantly earlier) may well endorse that research-based belief.

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