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% 2.10 125,500 08:00:00
Bid Price Offer Price High Price Low Price Open Price
2.00 2.20 2.10 2.10 2.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure -3.02 -1.36 9
Last Trade Time Trade Type Trade Size Trade Price Currency
09:04:55 O 500 2.1598 GBX

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Date Time Title Posts
12/12/201909:09Minoan Group- Travel and Leisure Company13,542
11/12/201918:14Minoan-Time for action.1,774
14/11/201915:20Bought some today10
20/3/201809:30Minoan Group20

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Minoan (MIN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-12-11 15:30:212.0030,000599.13O
2019-12-11 15:02:542.0350,0001,015.00O
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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 2.10p.
Minoan Group Plc has a 4 week average price of 1.50p and a 12 week average price of 1.50p.
The 1 year high share price is 3.15p while the 1 year low share price is currently 1.50p.
There are currently 419,280,447 shares in issue and the average daily traded volume is 473,901 shares. The market capitalisation of Minoan Group Plc is £8,804,889.39.
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.
atlantic57: Well I make a prediction here the next rns whenever it is may well impact the share price significantly. Any suggestion of tangible progress being made should close the gap between asset value And share price. If it is an rns in line with previous rns statements then I suspect we will go lower
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: 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
grannyboy: grannyboy 20Aug'19 - 12:19 - 13052 of 13161 I have looked at a number of these kinds of operations over the years, and not many have ever paid off... a lot are just lifestyle operations for the directors ... Investing in companies like MIN results in dead money, not only does it take years to get approvals and partners, it takes an age and a day to sell the properties especially if any are residential. Why anyone would continually put good money after bad is bewildering. =============*==============*=========== Right after I posted that the share price spiked up, which obviously, must just have been co-incidental .. But it's reverted back to true form, with the share price once again heading back down to 'nothing happening here for a long, long time, just what the BOD are happy with territory' ... 🐢🐢🐢 And my thoughts in post 13052 is still relevant today as it was back then..
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
atlantic57: Waterloo Minoan is a fascinating case ! Normally given the fact that the major shareholders backed this and some at higher prices than the placing ,you would normally expect the insider buying would send the share price sharply higher. However here unusually the share price has fallen sharply from the placing price. We are all clinging to the lifeboat Minoan in the hope that the ss Egleton will steam Over the horizon imminently announcing a cracking deal . We shall see.
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!
scotty1: Minoan – FY17 results (a week late…) By Nigel Somerville, the Deputy Sheriff of AIM | Friday 6 April 2018 AIM-listed Minoan (MIN) is one of my two share suggestions for 2018, and I hold the shares myself. This morning it released its FY results to last October: we had been promised them in March, but clearly the concept of under-promising and over-delivering simply hasn’t landed in this particular boardroom. However, there seems to be progress and although still promising jam-tomorrow, it does look as though the fleet of delivery lorries may be on the way (although from an unknown distance away). Of course, the company told us last July that the next 12 months would be the most rewarding. Now we are told that we are in the most rewarding period and that 2018 will see major developments. So six months’ slippage there? I know that things move slowly in Greece, but surely on simple corporate matters such as the release of accounts the board could give itself a timetable that it can meet? The chairman, Christopher Egleton, tells us that the company’s share price has not fully reflected the achievement of consent with regard to Cavo Sidero. I’m sure he is right, but the sense of perpetual non-delivery isn’t exactly helped when the company released its results a week later than it told us just a few weeks ago! That said, it is – in my view – quite apparent that the delayed release of results was because the board wanted to announce the sale of the travel and leisure business. It hung around for a week, and from today’s statements it is quite clear that they are very close to finalising the sale. But it hasn’t happened yet. We are, again, given to understand that the sale – when finally completed – will leave Minoan “substantially debt free” – a phrase used four times, in case we missed it the first three times! The chairman hopes to report on this “in the near future”, the announcement of which will mark a significant point for the company: no debt and full focus on Cavo Sidero. Good. As for Cavo Sidero, I was hoping for an update on the approach from a “credible party” which was interested in acquiring a significant stake in the project, as reported on 13 March. Today we are given nothing on that beyond “pending the conclusion of JV or partnership arrangements with prospective partners and/or investors. Of course, that phrase can be read either way but I would have liked an update on the “credible̶1; party. Perhaps it was an oversight? However, we are told that it is likely that “one or more of the partners will be making significant financial contributions”. Is that to Minoan, or to the Cavo Sidero project? We are told that “the application of those contributions insofar as creating the optimum value for shareholders will be foremost in the Board’s consideration”. That’s a bit unclear, but given what the company was telling me at last year’s UKI show, I would hope that it will involve some cash coming in to the company and that the company will pay up a dividend. That would send the strongest message possible to the market. There is plenty of optimism regarding the Greek property market: banks are finally making a dent in sorting out their balance sheets and prices are rising. Good. We are also reminded that the last opinion of value for Cavo Sidero was around EUR100 million. I guess being told that prices are rising is good news, then, but that EUR100 million was back in 2011 and the Greek economy has been through the most almighty calamity since then. So although prices are rising, I doubt the value of Cavo Sidero has risen to over EUR100 million! Even so, assuming the completion of the travel and leisure business, Minoan has a market capitalisation of just £13 million. A stripped down and fully focused on Cavo Sidero company with no debt is surely worth several multiples of that. Is four times overly optimistic? I fancy not, so even with boat-loads of options/warrants etc I see huge upside from the current 6p. As to the numbers themselves, they are largely irrelevant in that the company should have a clean slate in the near future. Indeed, we are told that once the sale of T&L goes through we are to expect a number of changes to the management structure of the Group, and that the focus will be on keeping costs to a minimum while we await the flow of cash from Cavo Sidero. We are also told that once T&L is sold there will be an immediate focus of clearing all other debts and, to this end, discussions with investors and potential partners will be accelerated. My conclusion: PR blunders aside, this is very promising. From what we have been told it sounds as though there are partners in the wings but the effort has been on the sale of T&L so that the board knows where it stands with regard to cash (or lack of it!) My expectation would be, once the sale finally goes through, that some minor deals will be signed to give the company the cash it needs going forward and then from that stronger position, to do the bigger deals which appear to be on the table. The current share price weakness looks to be an opportunity to buy in to an asset worth a multiple of that very cheaply indeed, and whilst Minoan has a habit of not delivering on time, it will surely do enough in the remainder of this year to offer rewards to shareholders. I would hope that will include a dividend. I continue to be patient here, but I do wish that the board would temper promises in relation to realistic and timely delivery. But for the avoidance of doubt, at 6p offer, this is still a buy albeit speculative. As and when the sale of T&L is announced, that will be upgraded to a strong buy. I sense that we are nearly there now.
Minoan share price data is direct from the London Stock Exchange
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P: V: D:20191212 09:20:17