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Pin to quick picksMinoan Share News (MIN)

Share Price Information for Minoan (MIN)

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Share Price: 0.65
Bid: 0.60
Ask: 0.70
Change: 0.00 (0.00%)
Spread: 0.10 (16.667%)
Open: 0.65
High: 0.65
Low: 0.625
Prev. Close: 0.65
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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.

More News
28 May 2014 10:41

UK WINNERS & LOSERS: Glaxo Falls As Another Investigation Begins

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
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FTSE 100 - WINNERS
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London Stock Exchange Group, up 2.3%. The group's shares have risen after it was added to a

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28 May 2014 09:36

Minoan Group places 5.7m shares for project development, acquisitions

Minoan Group has placed around 5.7m shares at 12p each to raise funds for general working capital to support the development of its projects and part fund acquisitions. The placing is expected to raise gross proceeds of £687,000. The group also revealed it is in "advanced discussions" with a numbe

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28 May 2014 07:31

Minoan Group Raises GBP687,000 As It Reports Advanced Acquisition Talks

LONDON (Alliance News) - Minoan Group PLC Wednesday said it has raised GBP687,000 before expenses by placing shares with institutional and other investors, as it looks to pursue acquisitions and support its development. In a statement, the AIM-listed travel and leisure company, headquartere

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19 May 2014 15:09

Minoan Group Gets Approval From Greek Ministry Of Culture

LONDON (Alliance News) - Minoan Group PLC Monday said that the Greek Ministry of Culture has approved its Strategic Environmental Assessment for its project in Crete. The travel company said the decision was made after it received unanimous positive opinion of the environmental assessment f

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25 Apr 2014 07:29

UK MORNING BRIEFING: William Hill Leads Weak FTSE 100

LONDON (Alliance News) - UK shares have opened lower Friday on heightened concerns about the standoff in Ukraine.

William Hill said it will close 109 gaming shops in response to the UK government's hike to machine gaming duty, putting 420 employees at risk. William

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3 Apr 2014 09:43

Minoan Receives Local Government Approval For Luxury Resort In Crete

LONDON (Alliance News) - Minoan Group PLC, the travel agency operator, said Thursday that it plans to build a luxury holiday resort in Crete has now also been approved by a regional government of Crete. The travel company is planning a luxury holiday resort on a 26 square kilometre site at

Read more
3 Apr 2014 09:05

Thursday broker round-up UPDATE

Associated British Foods: Citi increases target price from 2350p to 3000p, while its neutral rating remains unchanged. Booker Group: Investec shifts target price from 172p to 178p retaining a buy recommendation. BSkyB: HSBC Holdings moves target price from 600p to 610p, while keeping its underweig

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2 Apr 2014 11:57

UK MIDDAY BRIEFING: Marks & Spencer Unveils Global Growth Plan

LONDON (Alliance News) - Marks and Spencer Group PLC is planning to open 250 new stores outside the UK over the next three years, as part of its global expansion plans.

M&S currently operates a total of 455 stores in 53 territories outside the UK, as well as nin

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2 Apr 2014 10:47

UK WINNERS & LOSERS: Marks & Spencer Rises On Expansion Plans

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.

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FTSE 100 - WINNERS

Marks and Spencer Group, up 2.4%. The retailer has announced that it is planning to ope

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2 Apr 2014 10:31

Minoan Narrows Annual Pretax Loss As Travel And Leisure Business Accelerates

LONDON (Alliance News) - Travel agency operator Minoan Group PLC Wednesday said it has successfully developed its international travel and leisure business, which drove its total transaction value up 37% in its last financial year, and led to the group narrowing its full-year losses. Minoan

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2 Apr 2014 08:48

Wednesday broker round-up UPDATE

Aberdeen Asset Management: Canaccord Genuity reduces target price from 540p to 460p, while its buy recommendation is kept. Anglo American: JP Morgan ups target price from 1260p to 1300p, while leaving its underweight rating unchanged. Aviva: JP Morgan raises target price from 528p to 570p maintain

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21 Mar 2014 12:15

UK MIDDAY BRIEFING: BG Group Set To Benefit From Budget

LONDON (Alliance News) - BG Group Friday said changes to the North Sea investment and tax regime set out in the UK Budget earlier in the week will now allow it to develop its Jackdaw high pressure high temperature project in the North Sea.

According to the Treasury,

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21 Mar 2014 12:00

UK WINNERS & LOSERS: Bookmakers Continue To Fall

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday. ------- FTSE 100 - WINNERS Meggitt, up 1.2%. UBS has upgraded the engineering company to Buy, from Neutral, and increased its price target to 530.00 pen

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21 Mar 2014 09:24

Minoan Says Local Community Support For Crete Project Reaffirmed

LONDON (Alliance News) - Minoan Group PLC Friday said the Local Municipality of Sitia in Crete has reaffirmed its support for its project on the Mediterranean island. The travel company is planning a luxury holiday resort on a 26 square kilometre site at Cavo Sidero in Crete, comprising hol

Read more
17 Mar 2014 12:29

Minoan Group To Add To Travel Businesses

LONDON (Alliance News) - Travel agency operator Minoan Group PLC Monday said it has agreed to acquire Martin Singer Travel, an independent business near Aberdeen Airport, in a deal worth GBP250,000. Minoan said for the year-ended December 2013, Martin Singer posted pretax profit of GBP131,0

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