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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% 1.10 545,179 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.05 1.15 1.10 1.10 1.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure -2.08 -0.61 6
Last Trade Time Trade Type Trade Size Trade Price Currency
13:23:22 O 30,000 1.125 GBX

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Date Time Title Posts
15/1/202108:41Minoan Group- Travel and Leisure Company15,678
30/12/202017:55Minoan-Time for action.1,902
23/7/202015:57Minoan4
22/7/202020:19Bought some today32
06/3/201909:48Minoan285

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DateSubject
17/1/2021
08:20
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 1.10p.
Minoan Group Plc has a 4 week average price of 1p and a 12 week average price of 1p.
The 1 year high share price is 2.05p while the 1 year low share price is currently 0.65p.
There are currently 512,452,272 shares in issue and the average daily traded volume is 2,361,085 shares. The market capitalisation of Minoan Group Plc is £5,636,974.99.
22/12/2020
17:21
wi1l: RNS Number : 5904J Minoan Group PLC 22 December 2020 22 December 2020 Minoan Group Plc (the "Minoan" or the "Company") Placing/Share Issue/Option Expiry Dates The Directors of Minoan are pleased to announce a placing by investors of Peterhouse Capital Limited of 12,500,000 ordinary shares of 1p each to be issued at 1.1p per share (the "Placing"). In addition, and in order to settle certain existing liabilities the Company is issuing 3,636,364 Ordinary Shares of 1p each at 1.1p per share. The total value of the two issues is GBP177,500, the majority of which will be utilised in meeting working capital requirements and Project costs. Subject to admission on AIM, 16,136,364 Ordinary Shares of 1p will be issued at 1.1p per share. Following the successful Placing, Peterhouse Capital Limited has been appointed a Joint Broker to the Company. Application has been made for the 16,136,364 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will be effective from 30 December 2020. The new Ordinary Shares are issued under the authorities in existence at the close of Minoan's last Annual General Meeting held on 30 April 2020. Following Admission, there will be a total of 512,452,272 Ordinary Shares in issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Minoan under the FCA's Disclosure and Transparency Rules. Chairman's Comment "We are grateful for the continued support of existing shareholders and pleased to welcome some new shareholders to the register. Whilst, inevitably, progress in Greece has been impacted by the effects of Covid 19, things are moving forward and I look forward to reporting back to shareholders early in the New Year" Option Expiry Dates Shareholders are aware from previous announcements that, historically, certain directors and executives have agreed to accept options in lieu of their remuneration. These options are due to expire on 31 December 2020. Minoan's Board has decided that it is in the best interest of the Company, whilst also reflecting the original intentions of the parties, to extend the expiry date of those options granted to the directors Grahame Cook, Barry Bartman and Timothy Hill and certain others who are not on the Board. As a result, the expiry dates of options to subscribe for a total of 11,252,136 ordinary shares in the Company at 1p per share have been extended to 31 December 2021.
04/12/2020
08:56
wi1l: FWIW - One needs to be reminded sometimes there actually ARE reasons to be positive: 1)From the Chairman's report (May 2020) "It is again worth reminding investors of the scope and scale of the Project: It has an un-appealable Presidential Decree granting outline planning consent. It has been granted “strategic investment” status by the Greek government. It is the largest private estate in the Eastern Mediterranean. It is in a UNESCO designated geopark - an area of outstanding natural beauty and spectacular unending sea view." 2) The cost of inventories remains at £46M in the Balance sheet - Still no impairment - auditors must be satisfied that the value of the project exceeds this figure. Quite a surprise that the market cap is still just a tenth of this at £5M. Inventories Inventories represent the actual costs of goods and services directly attributable to the acquisition and development of the Project and are stated at the lower of cost and net realisable value. "The report of the auditors on the statutory financial statements for the year ended 31 October 2019 and 31 October 2018 was not qualified. The report of the auditor on the statutory financial statements for each of the years ended 31 October 2019 and 31 October 2018 did not contain statements under section 498(2) or (3) of the Companies Act 2006. " 3)And from the auditors report of Minoan Group: "Reviewing correspondence and other third party documentation in relation to the project to confirm that the expected value of the project is in excess of the costs to date;" THerefore INDEPENDENT EVIDENCE collected by the auditor. Costs of project to date £45.8M therefore expected value of the project is in excess of £45.8M. Present Market cap £5M share price 1.1p Expected value of project in excess of £45.8M equates to a share price in excess of 9.75p. 4)One of the DAGG LLP partners (with significant control) Martin_Gilbert_(businessman) Martin James Gilbert FRSE (born 13 July 1955) is a British businessman, and the vice chairman of Standard Life Aberdeen and chairman of Aberdeen Standard Investments. He was chief executive (CEO) of Aberdeen Asset Management, an international investment management company, which he co-founded in 1983. 5) An estimate of the price per share that the significant shareholders are invested in: N Day 4p G Cook 5p P Raby 6p L Adams 7p I wonder what would be acceptable to them...... More than 7p surely??
03/12/2020
07:08
wi1l: Pure speculation at this point boliviana as we are still non the wiser on the form that a deal would take or more importantly we still have to find out whether CE and the Bod are even capable of such an achievement. However, my viewpoint FWIW: Share price 0p-2p no deal/poor deal - unnacceptable Share price 4p-6p mediocre deal - just about acceptable (with gritted teeth) Share price 8p-10p good deal - acceptable Share price 12p-15p excellent deal - very acceptable It remains to be seen where we will fall but the market right now is showing little confidence although there is just a glimmer that it is reawakening to the potential that this project offers.
02/12/2020
17:05
wi1l: FWIW the month of November was a very low month volume-wise and shares bought were 2,390,512 and sells 2,595,270 a close run thing but net to the sells 204,758. A lower month than October and THAT was a low month with shares bought 6,062,049 and sells 5,150,099 net to the buys 911,950. Very similar to the month of September which also was low in volume and shares bought were 5,999,551 and sells 5,118,253 net to the buys 881,298. First sign of a deal will see volumes increase significantly, sometimes prior to hearing the news. August saw shares bought 11,369,503 and shares sold 8,360,689 a net gain to the buys of 3,008,814. All selling was therefore mopped away that month by buying and more so which was pretty encouraging although the drift in the share price that month wasn't. Also encouraging is August bettered July however buys were still 7,213,091 and sells 5,831,128 net buying 1,381,963. So far in 2020 buys 67M and sells 56M net buying 11M. Only conclusion that I can still draw is if (a big IF) positive news such as a joint venture is announced there will almost immediately be a scarcity of available shares for those wishing to buy and not only will the share price go up on the news but more so due to the demand greater then the supply. The above all IMV - and what will December bring.............
28/11/2020
10:51
pj 1: F.A.O. Boliviana. Totally factuAl and all confirmed via RNS 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
01/11/2020
10:37
wi1l: FWIW the month of October was another month low in volume and shares bought were 6,062,049 and sells 5,150,099 net to the buys 911,950 (with one large buy of 1,000,000 on the 7th and another for 1,500,000 on 16th the highlights.) Very similar to the month of September which also was low in volume and shares bought were 5,999,551 and sells 5,118,253 net to the buys 881,298 (with one staggering buy of 2,272,728 the highlight on 11th Sept, provided that it was a buy). Still going in the right direction. August saw shares bought 11,369,503 and shares sold 8,360,689 a net gain to the buys of 3,008,814. All selling was therefore mopped away that month by buying and more so which was pretty encouraging although the drift in the share price that month wasn't. Also encouraging is August bettered July however buys were still 7,213,091 and sells 5,831,128 net buying 1,381,963. So far in 2020 buys 65M and sells 54M net buying 11M. Only conclusion that I can draw is if (a big IF) positive news such as a joint venture is announced there will almost immediately be a scarcity of available shares for those wishing to buy and not only will the share price go up on the news but more so due to the demand greater then the supply. THere will be those holding and waiting patiently for news which might balance things out if they all try to sell on the news. But thats all IMV and completely irrelevant if there's more of the same from the current BoD!!
17/8/2020
15:14
pj 1: A review of past performance against statements 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
13/8/2020
17:29
yorgi: I have to say I agree with Waterloo entirely. The recent events have clearly changed the position of MIN considerably even if the market has not yet caught up. Those selling and they have not been huge numbers but could be for many reasons and not necessarily all directly related to Minoan. Continual going back to the "20 years" is in my mind quite pointless and does not represent the reality. Almost all of that time was out of the hands of CE and Minoan BOD but down to the pace of the Greek authorities and their legal system. Compounded by those doing their best to stop the project and keep trying as long as they could to obstruct, delay and stop if they could. That was not the fault of CE and Minoan BOD. Yes it can be argued that since Presidential Decree that we should have seen more progress. I like I'm sure all shareholders have been disappointed on that to say the least. However the past is past. It is today and looking forwards that interest me and dictates my investment decision in Minoan not focussing on the past. Martin Gilberts involvement with Minoan has to my mind changed the situation and I'm quite sure will be supporting the BOD in any way he can even if he is not on the BOD. Initially he has shown his support with the other 3 in coming up with money to take on the debt which was "hanging around the companies neck."
05/8/2020
18:10
yorgi: I agree Waterloo, Martin Gilbert does bring serious credibility in my opinion also. I can't see a man with his background, bio getting involved if he did not understand the value. We will see what develops after tomorrow. As for the 600k sale, well out the way and enough buys to take them off the table without the share price falling. Someone had enough, needs the cash, we can only speculate. However the last 100k buy was above listed offer so whether we will see the share price open higher tomorrow remains to be seen. Fair chance but I wouldn't lose sleep if the share price retreated to give the opportunity to add at an even lower price again. My view remains the market is judging Minoan harshly in light of the recent developments with the funders interests aligned with shareholders now and Minoan is grossly undervalued in my opinion.
01/5/2020
09:42
pj 1: Don't get suckered in by Traders talking their own book, and creating a false impression, and ignoring the facts about the Company. A brief history: 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
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