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Pin to quick picksMinoan Share News (MIN)

Share Price Information for Minoan (MIN)

London Stock Exchange
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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.

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Minoan buys Martin Singer Travel

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19 Feb 2014 13:32

Minoan Group Finance Director Barry Bartman To Retire; Search For Replacement Underway

LONDON (Alliance News) - Travel and leisure company Minoan Group PLC said its Group Finance Director Barry Bartman, will be retiring from his role at the end of the month. The group said it has already commenced the process to recruit a new group finance director. It said Bartman, aged 72,

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12 Feb 2014 11:44

Minoan Group Buys Back Travel And Leisure Unit Stake, Gets Greek Tranche

LONDON (Alliance News) - Minoan Group PLC Wednesday said it has decided to buy back the 20% stake in its travel and leisure business that it had sold last year because it will allow it to pursue a more flexible acquisition strategy for that unit. In a statement, Minoan said it will pay GBP9

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STOCKS NEWS EUROPE-UK small caps rise 0.2 pct

The FTSE Small Caps index ends 0.2 percent while the junior-listed FTSE AIM All Share index closes flat. Thor Mining closes up 8.9 percent after the company reports positive results from its Spring Hill gold project site in Australia. Minoan Group also ends 9.5 percent higher after th

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17 Oct 2013 08:44

Minoan Group Gets GBP5M Loan Facility To Fund Expansion

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26 Mar 2013 07:41

Tuesday broker round-up UPDATE

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18 Feb 2013 09:57

Minoan Group responds to appeal against its Crete resort project

Minoan Group said on Monday its development of a five-star resort in Crete is being backed by the Greek government despite an appeal against its grant for fast track status. The travel and leisure company said it has received support from the government along with the local municipality and Crete

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5 Feb 2013 09:40

Minoan Group reports growth in travel business

Travel and leisure company Minoan Group on Tuesday reported a 'robust' performance with revenues in excess of 37m pounds. The AIM-listed group said operating profits came to circa £400,000 for the year to October 2012, driven by growth in its travel business which helped reduce losses at group lev

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Small caps round-up: Minoan Group, 1Spatial, blinkx

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30 Jul 2012 10:59

Resource round-up: Atlantic Coal, Silvermere, Toledo Mining

Shares Atlantic Coal, the AIM-listed miner focused on Pennsylvania, USA, jumped 11% in early trading after it reported a positive production update from its Stockton Colliery. In the three months to the end of June the company saw an 18.8% increase in clean coal production compared to the first quar

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16 Jul 2012 11:37

Small caps round-up: Motive Television, 1pm, Clean Air Power...

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31 May 2012 12:40

Small caps round-up: Transense Tech, Surgical Innovations, Treveria...

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14 Jul 2010 07:50

Minoan Group To Restart Buying, Applying For Greek Solar Licenses

LONDON (Dow Jones)--Minoan Group PLC (MIN.LN), a company engaged in the design, creation, development and management of a resort development business at Cavo Sidero in North East Crete, said Wednesday that following its review of the recently enacted new legislation for all renewable energy projects

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18 Jun 2010 16:00

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