ember11
07 Apr 2016
MIN Back to Tuesday's sp. If we manage to break 10p tomorrow it should carry on rising to 14.65-16p in expectation of the contract news. All imho. GLA
si derman
05 Apr 2016
Re: Research Nice little bounce over the last few days.I'm hanging on to these, as I do believe they will, eventually, find true value.Somewhere between 20p to 60p sounds about right, with the right news.My target was 42p and am prepared to wait.Si.
ember11
05 Apr 2016
Re: Research When the announcements start coming 21p is achievable in short term as stated in the Research Note. Company with huge potential.
mantrova
05 Apr 2016
Research There is a Research Note, out today from Equity Development.Their timed adjusted target prices for MIN range from 21p to 61p.Email - [email protected] - www.equitydevelopment.co.ukTwitter - [link] m
Jack Diamonds
02 Apr 2016
Recap on the week............ Recap....................Down Thursday, Up Friday... What were folks expecting?Firstly, I'm quite pleased with the T&L progress. Profits for FY14 were £454k. FY15 profits were £233k plus adding back the one off with the back office issue £410k = £643k. We are informed that total transaction value increased 20% and GP was up 14% FY15 compared to FY14.The buy and build strategy has definitely worked and the synergies have been a success. We are told that T&L division are generating both profits and Cashflow for the Group. Since 01 Nov 15, five months into FY16, transaction value is up a further 16% on FY15. I can see why the BOD want to spin this business off into its own quotation, to accelerate buy and build and have Cashflow to do so. Group Cash as at 31 Oct 15 was £145k and we have only raised £104.4k in the last 5 months despite spending on the Crete project. The T&L business need room to breath and have the necessary finance to grow significantly. I'm happy...........Moving onto the Crete Project. The signing of the PD, this transformational event, stands to deliver significant value for Shareholders. Firstly, let's not forget that the NOMAD, WH Ireland, must have agreed with this narrative as their name was on the RNS. An independent view says transformational. I guess the first major foreign development signed off in Crete for 30 Years, will have Hotel Operators, JVs, Financiers and Investors wanting to slide the ruler over the opportunity. No one can deny that Greek tourism is increasing year on year, and despite other issues, serious investors will be interested. I can wait for Parties to take a look, especially as MIN have to bring together and satisfy the issues of each Party. All our major investors are still intact, PD Raby 7.29%, N Day 5.75% and LA Adams 3.33%. Directors options are all aligned to 31 Dec 2016. This makes me think that the next 9 Months could be very interesting and profitable. IMO Don't get caught out by the insane workings of the Market........it's a hold, buy and build from me
hubla
31 Mar 2016
Totally Underwhelmed Well, I have waited god knows how long for the game changing Presedential decree to arrive and we are on the march Back to 6p.I cannot believe that the company has not had advanced talks with potential investors when the PD was signed off!!How long are we going to have to wait for the next news regarding investment 1 year/2 years, we will be at 2/3pMy average is 14p was hoping for the mythical 28p.The board are still on way to much renumeration, pay em in shares!!Come on Minoan prove me wrong!!Hubla
Martin_D
31 Mar 2016
SELL MINOAN Despite silence since Greek Govt approval of the Cretan project, I have been hanging on for some positive news with today's results announcement. But all we get is the usual waffle about discussions with possible partners. What about the joint venture partners and their option to put up capital on approval by Govt ? Obviously they are not exercising that option. No statement by Eagleton. I have sold, but might buy back in the event that directors top up their puny holdings
Jack Diamonds
18 Mar 2016
Race to the sun beds.......... Crete up 50% in Feb...........despite Greek woes, tourism holds up strongly. Jack[link] bookings for package holidays on the Turkish Riviera slumped by more than 40% in February while Crete was up more than 50%, according to new figures showing holiday sales to major destination airports, fvw reports.Rhodes, Bulgaria, the Canary Islands and Majorca also all showed strong growth rates last month while demand for Egypt continued to collapse, monthly sales figures from leading German holiday reservations provider Traveltainment showed.Antalya, the major airport serving the Turkish Riviera, had a 42% fall in package holiday bookings in February compared to 12 months earlier as holidaymakers switched to alternative destinations or delayed their bookings. This left it with a 19% share of all bookings for the ten largest destination airports on the German market, much lower than its usual market share at this time of the year. The airport had already seen heavy falls in the previous three months: January (-40%), December (-26%) and November (-24%).Similarly, bookings for Hurghada, the largest holiday airport in Egypt, were down by 29% last month after a 57% collapse in January, 29% in December and 42% in November, as customers continued to avoid the Red Sea coast following the Russian charter plane crash last November.Rising demand for GreeceThe biggest winner last month was Heraklion, the main airport on Crete, with a 56% surge in bookings compared to February 2015. It had already seen a 25% rise in January. In a further sign of rising demand for Greece, bookings for Rhodes were up by 37% after double-digit rises in the two previous months.The Bulgarian Black Sea coast is also proving popular for Germans as an alternative destination at present, as reflected by a 35% rise in bookings to Varna.The surge in bookings for Spain was shown in the figures for Palma and the Canaries. There was a 23% rise in package bookings to Palma last month, leaving the Majorcan airport with a dominant 32% share of top ten airports. This was three percentage points higher than in January.The Canary Islands also did well with high double-digit growth rates for the three largest airports for the second month in a row. Fuerteventura grew by 24% in February after a 27% rise in January. Las Palmas followed a 28% rise in January with a 24% increase last month, while Tenerife South grew by 14% after 18% in January. However, Arrecife only showed a 3% rise last month.Traveltainment’s Bistro system is used by some 11,000 travel agencies in Germany to make package holiday bookings from 130 tour operators, while its Internet Booking Engine is used by more than 350 online travel agents and portals.
Jack Diamonds
17 Mar 2016
Transformational Event........... ........would be a complete sale of MIN. This makes total sense to me. For one, the Diectors aren't getting any younger, their Options expire at the end of 2016 and clearly MIN need to give way to an Organisation with the capacity and financial clout to see the Project through. Taking a look at Page 110 of the AIM Admission document (Downloadable on MIN site) clearly shows that "parcels of land" cannot be sold or assigned to 3rd Parties. That leaves the sale of Shares, with the Foundations approval of course. JackPage 110If Loyalward or a subsidiary of Loyalward proposes to sell shares representing more than one half of its share capital to a new strategic investor then the prior consent of the Foundation must be obtained. The Foundation will only withhold consent if such a sale would bring it into a direct or indirect relationship with undesirable or disreputable persons which might embarrass the Foundation and the Greek Orthodox Church e.g. persons who promote practices condemned by the Orthodox Church. No assignment of the Contract is allowed by any of the parties to any third party. Any disputes related to the Contract will be referred to arbitration in accordance with Greek law. If after ten years from activation of the Contract, Loyalward has not invested at least £250 million (in 1994 prices) in the Site, the Foundation has the right to terminate the Contract without having to pay compensation. In case of doubt, the Contract is to be interpreted in favour of the Foundation. On termination of the Contract Loyalward is obliged to give up possession of the Site in good condition.
mantrova
16 Mar 2016
Buy today's dip I doubt the sub-9p stock on offer will be there for long.m
Jack Diamonds
15 Mar 2016
Significant value.................... As previously stated, the mere issuance of the PD would not create sustainable Shareholder value as the Market is unable to place value on it. This is despite the efforts MIN has made since 1998 to finally get the land use approval enshrined in law. My observations are:1. The issue of the PD is said to be a transformational event for the Group and means that Minoan is now in a position to accelerate discussions related to the development of the Project. 2. As previously advised, the existing JV partners can increase their stake in the Project by 25% at a cost of £12.5 million. This decision has now been triggered by the issuance of the PD. We wait to hear if they are still interested and/or what other partners might be interested.3. Is it a side issue that all Director Options expiry on 31 Dec 2016? Some of these Options were gained by swapping Fees at an SP of 14p. Only 9 months to extract value.4. The Letter of Opinion from CBRE put the development value of the Project site in the order of €100 million (as per the estimate dated 27 June 2011, which was reaffirmed in March 2012). This was made on a development scenario of 90,000sqm. Clearly this valuation was an opinion but points to note are:a. It’s five years out of date.b. The RNS of 24 Feb 2016 stated that the approval is for a development of 108,000 square metres as included in Minoan’s Strategic Environmental Assessment for the Project. This is 20% more sqm than the CBRE valuation was based on which is critical as the valuation was derived from Projected Revenues less construction costs.c. I guess it’s easy to say that the Investment environment since 2011 has totally changed in Greece. Recently however, the Bank of Greece confirmed that 2015 was an all-time record year for Greek tourism, thanks to the significant contribution of revenues from US and British holidaymakers. Tourism takings last year amounted to 14.2 billion euros, posting annual growth of 6 percent. For this reason, I would assume that Revenue projections would benefit from an update.d. Significant Airport and road infrastructure has been developed over the last few years. 5. Clearly the “Contract activation date” is key when determining payments due to the foundation and funding would obviously need to be determined. The development site of the Project is to be leased from the Public Welfare Ecclesiastical Foundation Panagia Akrotiriani (“the Foundation”
for an initial 40 year period following contract activation which will follow the relevant authorities approving the land planning and land uses for the Project. The Group has an option over a further 40 years. An amount of £3.9 million is payable to the Foundation on contract activation, plus ongoing royalties earned on revenue generated by the development. 6. Therefore as previously RNS - In order to complete the development of the Project, the Group will require substantial additional financing. It is the directors’ current intention to develop the Project in such a way as to minimise or eliminate the need for further equity financing. It is intended that this will be achieved through utilising joint venture arrangements and debt project finance. I believe that value will out, once the finance/development plan becomes clearer.7. Which brings me onto Mr Day our 5.75% Shareholder, who was appointed on 7 April 2015. As a Director of WT Partnership, Nick Day has nearly 30 years’ experience in major property and construction projects around the world. During this period he has specialised in business development, acquisitions and disposals as well as financing with numerous institutions in Europe and the Middle East. His wealth of experience will be invaluable in the Group’s discussions with Joint Venture and other Partners and Investors.8. We are almost 5 months into 2016, and the BOD has stated that 2016 would meet Market expectations. It is rumoured that Stewart Travel are doing well.
si derman
14 Mar 2016
Oh well Not the fireworks I might have expected,but, hey ho.True value will out, eventually. I can wait. Gap filled from Fridays jump up.[link] maybe we can move on now. Once the day traders and tr0lls have had their fun.GL, Si. (Going back on the roof get on with the tiling, such a nice day, to waste screen watching)
tatttie
14 Mar 2016
Re: next one Yeh down 30% today
one4all
13 Mar 2016
next one MX oilbuy
one4all
11 Mar 2016
Re: get in now flown
