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Bigwell ask yourself one question,Why is the SP 0.92.5p ?
The web site reveals the extent of the opportunity:
The approval of the project:
*Represents a momentous consolidation of the support of Government and the other authorities in the land
*Enables our absolute focus now on the implementation and achievement of the Project
*Provides the framework for maximising and delivering value.
Minoan's and the Foundation's vision - a unique asset:
*Largest private estate in the Eastern Mediterranean
*Set in the Cavo Sidero 25 sq km Peninsula, with its 28kms of coast with numerous secluded coves and bays
*In an area of outstanding natural beauty with spectacular views
*Permitted build space of 108,000 sq m, plus allowances
*Distinctive locations for hotels and resorts
*Properties can include significant outside space
*Project granted “Strategic investment” status by the Greek Government
*With the benefit of an extremely flexible outline planning permission
*Using less than 0.5% of the land for building
*Endowed naturally with a history spanning the Minoan, Hellenistic, Venetian and Byzantine periods
*30 minutes from Sitia international airport
*Project supported by Municipality of Sitia and 28 unions & trade associations, in addition to the Church and Foundation
*The current design teams include both International and Greek specialists.
*Will contribute a significant number of jobs and economic benefits to the local area and Greece in terms of tourism and competitiveness.
On its way, a major benefit to the development of the project:
AGENDA OF THE PLENARY SESSION
MEETING NOW
Monday 25 October 2021
Time 13: 00?
LAW PLAN
DEVELOPMENT AND INVESTMENT
Only debate and vote on the principle, the articles and the whole of the draft law: other provisions of the Ministry of Development and Investment ".
RAPPORTEURS : Efstratios (Stratos) Simopoulos and Stavros Arachovitis.
Note : The Conference of Presidents decided at its meeting of 22 let's October 2021 discussion of the bill in one (1) meeting.
hTtps://www.hellenicparliament.gr/Nomothetiko-Ergo/dailyplan
FWIW Simply Wall Street have up-dated listing of top 25 shareholders as at 1st October 2021.
They have included Nominee shareholdings:
STRAIGHT IN at 4.06% is Canaccord Genuity Wealth (international)limited with 24,490,645 shares
and strangely abrdn plc with a holding of 5,365,859 shares (0.89%)(wonder who that relates to?!)
Nominees increasing since 1st April 2021:
Hargreaves Lansdown UP 43.71% to 59,337,046 shares
AJ Bell Holdings, Asset Mgmt arm UP 31.02% to 30,935,621 shares
Barclays Bank plc, W & I mgmt div UP 20.01% to 24,182,899 shares
IG Group Holdings plc, Asset Mgmt arm UP 45.03% to 10,717,038 shares
Thomas Grant & Co, Asset mgmt arm UP 63.92% to 16,887,338 shares
Only ones decreasing slightly is Jarvis Securities, asset mgmt arm, down 29.9% to 11,833,851 shares and Nomura Holdings inc,securities & investment arm down 30.27% to 5,344,156 shares.
In the main then Private Investors have been adding in shed-loads over the past six months and tucking them away until the long awaited news on the project arrives.
Rafboy listen to an experienced investor in the big leagues not this Aim pathetic share ,it didn’t take 10 days and she is back where she was last time we spoke ,just sums up the bus and BOD !
Fair enough.
Well done but as I always say let us see if it can hold at these levels ,give it a month as usual Fact !
1.075 Fact. Only way is up.
Looks like we have another one with there head in the sand !
It’s called having an opinion and I’ve been calling this right for years so if you don’t like facts either Tough , oh are you a holder here you never said maybe your not eh?
When are you ever going to accept facts ,0.92.5p FACT
But not in Crete and def not on Minoans undeveloped barren land ,hence 0.92.5p
Accor Announces More Hotel Plans for Greece
https://news.gtp.gr/2021/09/24/accor-announces-more-hotel-plans-for-greece/
French hospitality giant Accor is planning to expand its presence in Greece with the opening of new hotels, the group’s president and CEO, Sébastien Bazin, said recently.
The country’s national recovery plan Greece 2.0 is set to change the hospitality market securing significant investments, said Bazin in an interview to Greek newspaper Kathimerini. He added that Greece was a “top destination with unique assets” that has taken a turn towards “higher quality tourism”.
Ric that’s 0 in Minoan but a big portfolio on FTSE 100 companies !
A big fat 0 ,why are you holding a few yourself
Greece–Saudi Arabia to Boost Ties with Investments, Tourism and Trade
https://news.gtp.gr/2021/09/24/greece-saudi-arabia-to-boost-ties-with-investments-tourism-and-trade/
Tourism, investments and trade topped the agenda of talks between Greek Tourism Minister Vasilis Kikilias and Saudi Arabia Investment Minister Khalid bin Abdulaziz Al-Falih, during his recent official visit to Athens.
The Saudi minister said tourism was an ideal springboard to further enhance relations between the two countries. In this direction, he requested that tourism sector professionals accompany Prime Minister Kyriakos Mitsotakis on his upcoming visit to Saudi Arabia.
The Saudi Arabia investment ministry and Enterprise Greece, the country’s official investment and trade promotion agency, signed an agreement this week to facilitate investor activity between the two nations. An agreement to establish a business council between the Hellenic Federation of Enterprises (SEV) and the Council of Saudi Chambers followed.
“We reaffirmed our mutual will to strengthen economic cooperation by tapping into business opportunities and promoting investment in both countries,” said Georgiadis, who confirmed that a delegation of entrepreneurs from Greece would be visiting Saudi Arabia next month.
A mission of Saudi businesspersons will be visiting Greece by the end of the year, he said.
"I think Greece is much stronger today than it has been over the past decade"
https://www.businessdaily.gr/english-edition/49802_i-think-greece-much-stronger-today-it-has-been-over-past-decade
"I have never seen as much interest in long term investing in the country. Whatever asset is put up for sale, be it private or public receives valuations that far exceed our most optimistic forecast. I think this is a vote of confidence in the government, but mostly a vote of confidence in the Greek economy and the Greek people. Now, the reason why people invest in Greece is not just related to the government. We provide the framework, we view ourselves as catalysts that allow the creative energy of Greeks to express itself in the same way that it has done in the US, in Australia, and this explosion of creativity we see in Greece today is particularly encouraging."
Alica ?chmidt, the sexiest athlete in the world is in the Greek island of Crete
https://www.tornosnews.gr/en/tourism-businesses/thematic-tourism/45384-alica-%D1%95chmidt-the-sexiest-athlete-in-the-world-is-in-the-greek-island-of-crete.html
Alica ?chmidt, the German athlete and fitness trainer of the football team Borussia Dortmund is in Greece enjoying some time off. The beautiful blonde dubbed the sexiest athlete in the world, is in Elounda, Crete
Mitsotakis invites investors and diaspora business to Greece
https://www.ekathimerini.com/economy/1168569/mitsotakis-invites-investors-and-diaspora-business-to-greece/
Greece’s return to growth and the reforms is has already carried out were the key points stressed by Prime Minister Kyriakos Mitsotakis during contacts in New York last week, inviting institutional investors and Greek diaspora business owners to invest in the country.
Looks like this is back to low levels again
Minoan should have a decent move up tomorrow so, with the greatest of respect, I think this is the 'Fact' you were grasping for:-
https://www.independent.co.uk/sport/football/premier-league/arsenal-bottom-of-the-premier-league-after-stunning-defeat-by-west-ham-10447480.html
Bigwell this is the present get Your head out of the sand 0.97.5p Fact August 2021 !
Excellent news Bigwil and thanks for posting.
The Cavo Sidero project can be classified as a 'strategic investment' under the criteria of this new legislation. It's an environmentally friendly project and fits all the other criteria. That means MIN should be able to attract additional and significant interest.
The new Greek Govt package is full of incentives including full tax breaks that are game changing for overseas investors in Greece and of course , more importantly here, Min's project. I see this as being the catalyst for the end game now and at an absurdly 5.9m m/cap in relation to a consistent (over the years) nav of 47m euros then the risk/reward is enticing.
I expect to see a renewed demand for the shares when markets re-open this coming week now that this draft legislation has been published. Ultimately, I think the share price range on successful conclusion and an offer for MIN or its subsidiary, Loyalward, ranges from an ultra conservative 3p a share to a perhaps over optimistic 10p. As I say, a highly enticing risk/reward.