The pessimistic period is back,the only way for Minoan stock is up,up,up.Forget about the appeal,court's decision will favor Minoan interests since the biggest problem in our country is unemployment,currently around 28%.Given that the decision is positive first thing that comes in my mind is the ''building permit''.It will take 2-3 years to Christopher & friends to get the permit eventhough the investment is characterized as ''fast track''.Yes it's a monastery land and we all know how orthodox priests intervene in social,political & economic life in Greece.I think the contract with the monastery is for 50years,so we have another 25years left and the monks did not get a penny yet.On the other hand i see no institutional interests in the stock.Therefore I strongly believe in 30p/share easily by summer 2017,some lucky will get massive returns.Personally I am sure that positive operational results,if any,will come after 5-7 years from now.Market cap at that time may be close to 250m if everything works in favour of Minoan.
RNS Mrs LA Adams now at 5.25% Significant Shareholder now at 10,774,442, up 2.18% from previous.Either, a Party to the recent Share Options issued for Services or been buying in the Market.Jack PS Where is this transformational news (?)========== ========== ========== ========== ========== ========== ======The Directors are aware of the following shareholdings representing 3% or more of the current issued and fully paid ordinary shares of 1p each:Shareholder Number of Ordinary Shares Percentage of Existing Ordinary SharesP D Raby 13,773,850 6.71%N Day 13,055,599 6.36%Mrs L A Adams 6,292,442 3.07%
Re: Tipped today whats happened here 14% fall ? Did this court news ever turn up ?
Feedback from investors today Thanks to Colin from Adfvncolinzeal1 Apr '17 - 19:35 - 7781 of 7781 0 0He was very coy about the Supreme Court decision but after the length of time it's taken so far who can blame him?I pushed for info on a timeline of announcements following a postive decision and he suggested that these should be made relatively shortly after the decision is favourable - "some partners are very, very keen to get things moving as soon as possible".I also quizzed him on building permits and from what I gathered these would have to go to the relevant bodies which could also take a significant amount of time to be granted. As you probably know the land is also "church land" and they will get kickbacks on the revenues/income from the project - I can see this as a potential banana skin, too.Personally, I don't think I can wait for another few years for the diggers move in and will be selling after the first major tie-ups and investors are announced. This is simply because it's Greece and all the associated problems and delays that they're famous for rather than my belief in the board to deliver which I think they will do. The timescales to actually see the relaised value is simply too long in my view.
Re: Great results Or perhaps cannot see the increased revenue and return!! Lets compare notes again in 4 weeks time. Trust you sold 'jthal' to support your findings. Mine are well and truly staying in my portfolio. Have a good weekend all.
Re: Great results Obviously not seen the increased loss then,or just cannot read a balance sheet perhaps?
Re: Great results FANTASTIC 20's HERE WE COME!!! MASSIVE UPSIDE. LOOK AT THE TURNOVER AND PROFITS!!
Great results Profit up 8%, strong start to year and now just the confirmation announcement to come and BOOM!Last top up time me thinks. The patient are to be rewarded me thinks.
Re: Cry Wolf................... Demonstrates the potential in one.
Cry Wolf................... I guess we have been here many times before.............so the Market is cautious. Can't blame them really.A dodgy translation from Capital.gr is appended below, so take of that what you will.I'm waiting for the so called "Transformational Event" to step forward. Will MIN delivery ?JackThe acquisition of hotel facilities capable of providing high tourist services, particularly in popular island destinations in order to increase the visitors' power from Great Britain, directed the Minoan Group Plc.Already the group is close to acquire five star resort and according to Capital.gr information, the deal could be announced after Easter. But the search for investment opportunities in the tourism area does not stop here, as well as telling the story, members of the group sounded the domestic hotel market, and are not excluded in the near future, and other announcements.First, the rise of Tourism (this year the number of visitors who will come to Greece is expected to reach 28 million.), On the other, steady demand from the British market, which for our country remains the second most important "reservoir" of tourists after Germany, enhance the investment plans of the Minoan group group, which retains tourist offices in England under the name "Stewart Travel". it is reported that the new unit will join the group's portfolio will be fully upgraded in order to welcome the first customers next season.At the same time, in an implementation path now enters and investment "Itanos Gaia" in Sitia, Crete, Cavo Iron, after the rejection of both appeals were submitted to the State Council for the cancellation of the Presidential decree approved before a year the Spatial Development Plan of the project.The "Greek Environment and Cultural Heritage" and 140 Cretans brought before the May 2016 and asked the Council of State annulled as contrary to the European and Greek legislation that Presidential Decree. In their appeals argued that the disputed area which is to implement the tourist development is located in the protection zone of the international network Natura 2000 does not allow similar tourist facilities.So, following the rejection of appeals and while it's been more than 25 years of waiting, delays and many bureaucratic obstacles (only in 2012 the investment was able to join the fast track procedure, whereas in 2013 it was given the possibility of establishing a Special Plan of Spatial Development Strategic Investment ) all show that they are ready for the construction of the plant, which according to calculations will be ready in 2019. Organization of the investment is the British company "Loyalward Ltd.", a subsidiary of Minoan group group.The tourist investment, which is the largest in Crete, totaling 267.7 million. EUR capacity is 1,936 beds in an area of ​​22.120 acres. Apart from traditional accommodation and catering facilities for visitors, the company's plan includes specific tourist infrastructure to attract high quality tourism and annuality, golf (18 holes) and spa.
Re: 50p SHORT TERM!! Well let's wait and see who knows best!
Re: 50p SHORT TERM!! Don't talk silly,so you think MIN will go straight to a £100m M/C as soon as the RNS arrives,you are either very naive or trying a very poor ramp.
50p SHORT TERM!! As soon as the RNS arrives!!!
Re: 12-12.5 now nice
12-12.5 now buy tp 18p