Confirmation of what is massive news for MINOAN
Broker View: 03-Apr-14 WH Ireland Buy 16.13p 20.00p 28.00p Reiteration
Minoan Group Plc is pleased to announce that the Periphery, the Regional Government of Crete, at its meeting held yesterday voted in favour of the Strategic Environmental Assessment ("SEA") for the Group's project in Crete. A further announcement containing full details of the Periphery decision will follow in due course. Christopher Egleton, Minoan Chairman, commented: "I am delighted that this major milestone has been passed successfully."
bbc.co.uk/news/uk-scotland-scotland-business-26848207
Preliminary Results Announcement Minoan Group Plc (or "the Group") announces its preliminary results for the year ended 31 October 2013 HIGHLIGHTS · Excellent progress made throughout the year in developing the Group into a successful international travel and leisure business · Strong performance from the Travel and Leisure ("T&L") division - total transaction value up 37% to £51.2 million and operating profit for the continuing travel business up 47% to over £600,000 · The Group has bought in the 20% stake in the T&L division and arranged a £5m loan facility to accelerate the division's acquisitions and growth · T&L performance since the year end continues to improve with an increasing gross margin and gross profit up by 15% in the period to March 2014 · Crete Project granted Fast Track status, Strategic Environmental Assessment submitted and, in advance of the final decision, the Sitia Municipality has voted in favour of the Project · The realisation of the value of the Project, through joint ventures and partnerships is now a key objective of the directors · With the Project's main value crystallisation event expected shortly, and the T&L division's accelerating growth, the Group is well positioned to deliver significant further enhancement of shareholder value
huge trades going through, i predict news tomorrow..
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