The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Seems to be having a good day today, so maybe the long awaited deal is on its way. I’m not holding my breath though!
Investor confidence in Greece growing: Metron Analysis survey:
The most attractive sectors for investment in Greece are indeed, tourism, food catering, energy, transport and real estate, according to greenfield investment monitor fDi Markets; 89% of greenfield FDI to Greece went into these sectors between January 2018 to April 2019. Hotels and tourism was the biggest sector in terms of capital investments and projects, attracting $633m from 10 projects, 52.1% of the total $1.22bn of investment into the country during this period.
https://www.fdiintelligence.com/News/Investor-confidence-in-Greece-growing-Metron-Analysis-survey
Greece’s Highest Court Lifts Obstacles to Hellinikon Development
https://greece.greekreporter.com/2019/07/16/greeces-highest-court-lifts-obstacles-to-hellinikon-development/
greeknewsondemand.com/2019/07/17/greeces-highest-court-lifts-obstacles-to-hellinikon-development/
Shows how keen the new Govt are to get things moving.
The Minoan project was also mentioned back in Feb in the same article and therefore should be getting similar treatment by the new govt.
All bodes well for the future.
Unfortunately Arsenal, it would appear that you have a considerable lack of understanding. Maybe you are just pretending to not understand in order to justify misrepresenting the true facts. You have been told on numerous occasions that the directors of both Minoan and its subsidiary Loyalward have invested considerable sums recently but you choose to ignore this and continue your path down a very blinkered blind alley.
Given the facts your efforts look very silly these days.
AND!!!!
20 May 2019
MINOAN GROUP PLC (“the Company”, Minoan)
Significant and Directors’ Shareholdings
Following the issue of Shares and Warrants, as announced on 10 May 2019, Minoan Group Plc has been notified of the following Significant Shareholdings in, and the percentages of, the total of 404,917,083 Ordinary Shares of 1p each now in issue:
Mrs L A Adams - 23,047,169 shares, 5.69% P D Raby - 33,663,965 shares, 8.31% N Day - 49,199,466 shares, 12.15%
AND!!!!!!!
As announced on 24 April 2019, the following shares have been issued to Minoan’s directors at 3 pence per share:
B D Bartman 6,333,333 shares, which increases his shareholding to 7,344,167 shares G D Cook 5,000,000 shares, which increases his shareholding to 8,311,123 shares.
WRONG!!!!
Another £150,000 invested by N Day - surely the market will realise that there must be a reason for the directors investing so heavily in this company.
17 June 2019
MINOAN GROUP PLC
("Minoan")
Holdings in Company
Following the issue of Shares pursuant to the Firm Subscription and Open Offer announced on 10 June 2019, Minoan has been notified that the shareholding of N Day Esq. is 54,654,012 shares representing 13.25% of the total of 412,553,447 Ordinary Shares of 1p each now in issue.
From Equity Development's recent update:
"To recap, the previous Syriza government approved the group’s scheme in Crete in 2016, with all appeals cleared in 2017. That followed various approvals from all previous governments. This provided the green light for a projected €250m hotel, residential and leisure development.
However, the current equity valuation reflects the group’s long-running negotiations over legal and political issues during a 25-year period, as well as the risks inherent in financing and delivering a substantial scheme. Nevertheless, it appears to discount much of the potential upside when the project begins to be realised. "
Equity Development's final paragraph:
" For Minoan, the ‘universe’ of potential partners, investors and possibly, buyers, has become much larger and more competitive. In confirmation of this we understand that, aside from those already disclosed, other parties have recently expressed possible interest in the project."
A Greek economic renaissance could benefit the broader Arab world:
www.ekathimerini.com/242569/article/ekathimerini/comment/a-greek-economic-renaissance-could-benefit-the-broader-arab-world
"Now, as the economy flickers to life and a new business-friendly prime minister takes the helm, new opportunities abound in infrastructure, services and, of course, tourism (Greece needs more 5-star hotels, for instance). The EU will continue to play a vital role as Greece’s backstop and key market, but emerging world countries like China, the UAE and Saudi Arabia should also play a role as commercial partner and investor."
Tourism and hospitality markets are key to sustained recovery
and by the sound of things there are yet more parties interested in the project or parts of it:
"For Minoan, the ‘universe’ of potential partners, investors and possibly, buyers, has become much larger and more competitive. In confirmation of this we understand that, aside from those already disclosed, other parties have recently expressed possible interest in the project."
A bit of competition will always push the price up IMV.
The money for the investment is the land, about 10 miles of it i.e. all parties of a joint venture will contribute, the company puts up the land at a value agreed by all parties and another party will contribute the finance and another party will develop the project as agreed.
Equity Development have issued an update:
https://www.equitydevelopment.co.uk/company/?company=Minoan+Group&c=5IzN
Recent events, notably Greece’s switch to a more business-friendly administration after its General Election last weekend, continue to shift the prevailing political and economic winds in Minoan’s favour.