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Pin to quick picksMinoan Share News (MIN)

Share Price Information for Minoan (MIN)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 0.625
Bid: 0.60
Ask: 0.65
Change: -0.025 (-3.85%)
Spread: 0.05 (8.333%)
Open: 0.65
High: 0.65
Low: 0.625
Prev. Close: 0.65
MIN Live PriceLast checked at -

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AIM WINNERS & LOSERS: Live Co drops on expectations of annual loss

Thu, 05th Jan 2023 10:17

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Itaconix PLC, up 15% at 5.08 pence, 12-month range 2.85p - 7.40p. Peter Nieuwenhuizen becomes chair on a permanent basis with immediate effect. Firm also appoints Paul LeBlanc to its board as an independent non-executive director and as chair of the audit committee with immediate effect. LeBlanc is chief financial officer of Bemis Associates Inc, a manufacturer of specialty films and adhesives for the apparel and industrial markets.

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Great Western Mining Corp PLC, 11% at 0.15 pence, 12-month range 0.10p - 0.17p. Reports "great strides" over the last year and outlines its plans for 2023, aiming to build on this momentum. Expects to commission a processing mill in the first half of 2023 and boasts an "ambitious programme of exploration" to follow up on successful drilling results achieved over the last two years. Explains it is transitioning into a revenue-generating precious metals producing entity, which it says will be a significant milestone for the firm.

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AIM - LOSERS

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Live Co Group PLC, down 11% at 2.70 pence, 12-month range 2.21p - 13.00p. Says it will deliver a loss during 2022. "Whilst the foundation for successful revenue generation from the groups diverse Divisional offering... 2022 continued to be challenging as the negative impact on live events from Covid were still being felt, despite the attempts to diversify and the acquisition of the remaining share capital of StART and the commitment of investment from the Republic of Korea, the group will deliver a loss during 2022," it explains. Notes the disappointment of the cancellation of a major London event and an event in Frankfurt. Says it managed to make profit of GBP80,000 from the German event and was also able to recover GBP137,000 of staff costs. Says it aims to offer three events in Europe during 2023. Notes the contacts for these are multi-year and have helped to identify further options in Japan and Europe. The events are expected to generate revenue of GBP1 million for the Korean division. For its Bricklive division, revenue is expected to be in line with the prior year despite a reduction in tours. Revenue in the StART ART division has been "minimal" but firm notes that events have continued to grow.

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Minoan Group PLC, down 5.4% at 0.97 pence, 12-month range 0.87p - 1.37p. Expects to conclude "constructive" discussions over its secured debt with DAGG LLP "shortly". Says it will update shareholders in due course. Also expects to provide an update on the progress of discussions regarding the commercial and financial activities of the Itanos Gaia Project in Crete.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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LONDON (Alliance News) - Minoan Group PLC on Tuesday reported a wider interim loss as it continues to look to sell off its Travel & Leisure business to pay off debt.For the six months a

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Minoan Group To Sell Stewart Travel In The "Next Few Weeks"

LONDON (Alliance News) - Minoan Group PLC said Monday it expects to exchange contracts in respect of the sale of Stewart Travel Ltd in the "next few weeks".Earlier in June, Minoan

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26 Apr 2018 16:41

Minoan Group Raises GBP500,000 In Discounted Share Placing (ALLISS)

LONDON (Alliance News) - Minoan Group PLC said Thursday it has raised GBP550,000 from placing 9.2 million shares at a price of 6.00 pence each with institutional and other investors.The be

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9 Sep 2016 13:20

Minoan Group issues profit warning over Brexit

(ShareCast News) - Minoan Group announced an update in its travel business and its Greek project on Friday, with the board saying the group's travel business has been negatively affected by the outcome of the Brexit vote, weakness in sterling and the decline of tourism in Turkey. The AIM-traded firm

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27 Jul 2016 07:55

Minoan Issues 3.0 Million Shares To Settle Liabilities (ALLISS)

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14 Jul 2016 15:25

Minoan reports wider H1 pre-tax loss, cautious about Brexit

(ShareCast News) - Minoan, a resort developer and travel agency, reported a wider half year pre-tax loss as its revenue grew and said it was cautious about Brexit. For the six months ended 30 April, the company's pre-tax loss widened to £1.1m from £759,000 the same period last year due to operating

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14 Jul 2016 09:44

Minoan Annual Loss Widens, Warns On Weak Sterling After Brexit

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30 Jun 2016 12:47

Minoan Says Appeal Against Crete Decree To Be Heard In September

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8 Jun 2016 11:42

Court date set for appeals against Minoan development

(ShareCast News) - Travel and leisure company Minoan Group revealed some positive progress with its controversial large Crete development on Wednesday, with news that appeals to its planning consent will take place in July. The AIM-traded company said the Greek Council of State - its supreme adminis

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18 Apr 2016 15:05

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31 Mar 2016 11:15

Minoan To Focus On Crete Project As 2015 Loss Widens

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11 Mar 2016 15:19

Minoan Group Chairman Calls Project Approval "Transformational Event"

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24 Feb 2016 15:54

Minoan Group shares skyrocket on Greek media rumours

(ShareCast News) - Shares in Minoan Group were up by a large margin on Wednesday afternoon, after rumours circulated in Greek media that the requisite signatories required Presidential Decree for its Crete Project had been delivered. The AIM-traded company said that, while it had not received a form

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24 Feb 2016 15:29

Minoan Says Government Sources Have Verbally Confirmed Crete Backing

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