Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMinoan Share News (MIN)

Share Price Information for Minoan (MIN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.70
Bid: 0.65
Ask: 0.75
Change: 0.025 (3.70%)
Spread: 0.10 (15.385%)
Open: 0.675
High: 0.70
Low: 0.675
Prev. Close: 0.675
MIN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Walker Crips assets grow; Minoan interim loss narrows

Fri, 29th Jul 2022 19:36

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:

----------

Walker Crips Group PLC - London-based stockbroker and wealth manager - Improves to pretax profit of GBP324,000 in year to March 31 from GBP114,000 loss a year before. Revenue rises to GBP32.8 million from GBP30.3 million. Assets under management end year at GBP3.6 billion, rising 5.9% from GBP3.4 billion at the same point a year prior. Total dividend for year at 1.50 pence, doubling from 0.75p a year before. "The rebound in the underlying trading performance this year demonstrates the group's potential to generate revenue growth and improve profitability, which continues to bode well for the future," Chair Martin Wright says.

----------

Asia Dragon Trust PLC - Edinburgh, Scotland-based investor in Asian equity markets - Enters loan facilities with total commitment of GBP60 million with Royal Bank of Scotland International. Facilities consist of GBP25 million two-year fixed loan at 3.56% and a two-year GBP35 million multi-currency revolving credit facility which has been fully drawn in sterling. Notes its loan facility with Scotiabank Europe has been repaid.

----------

Supply@Me Capital PLC - fintech platform - Notes first official Inventory Monetisation transaction. Following agreement with VeChain Foundation, the two have designed the integration processes between their respective platforms. "As of today, the IM transaction is in the final stage of its completion which will involve the coordination of the formal signing process," it adds.

----------

AQRU PLC - London-based incubator for decentralised finance businesses - Sinks to pretax loss of GBP2.3 million in period from November 1 to April 30 versus GBP311,707 profit in year to October 31, 2021. Generates revenue of GBP553,527 in most recent period versus zero year prior. Administrative expenses rise to GBP2.3 million from GBP1.2 million. Chief Executive Philip Blows says: "AQRU has made good progress developing new products, building and scaling-up its operations, and investing in new opportunities at favourable valuations to support growth and establish itself as a leading player in the DeFi sector."

----------

Palace Capital PLC - London-based property investment company - Says over 37% of shareholders vote against director remuneration report. Also sees over 44% vote against reelection of Richard Starr to board. "The company will continue to engage with its shareholders and in accordance with the provisions of the UK Corporate Governance Code. The board will provide an update on this engagement within six months of the AGM," it says.

----------

Grit Real Estate Income Group Ltd - pan-African property investment and management company - Extends long stop date for the completion of phase 2 of the acquisition of a controlling interest in Gateway Real Estate Africa Ltd to August 31 from July 31. Phase 2 will see its interest rise to 35% from 26%.

----------

Minoan Group PLC - Surrey-based Greek hotel investor - Pretax loss in six months to April 30 narrows to GBP542,000 from GBP788,000 loss a year before. Operating expenses falls to GBP264,000 from GBP272,000 and finance costs down to GBP278,000 from GBP516,000. Does not generate revenue in either period. Chair Christopher Egleton says: "As our discussions with the foundation move towards a definitive agreement, George Mergos and I look forward to updating shareholders as we progress these and the commercial discussions over the coming months."

----------

Safestay PLC - London-based operator of city centre hostels across Europe - Delays publication of annual results. It explains: "The further delay is occasioned at the request of the company and its auditors, Nexia Smith & Williamson Audit Ltd, as additional time is required to complete the audit work for the year ended 31 December 2021 due to Covid related challenges and the impact it has had on resource availability to complete the audit." Confirms operational and financial performance continues to be in line with internal expectations.

----------

Doric Nimrod Air One Ltd - Guernsey-based investment company that leases aircraft - Delays annual results following agreement to sell only asset to Emirates in mid-July. " The agreement with Emirates has necessitated changes to its audited annual financial report for the financial year ended March 31, resulting in an inevitable delay to their preparation," it explains. Says results will be published in next two months.

----------

Doric Nimrod Two One Ltd - Guernsey-based investment company that leases aircraft - Reports loss for year to March 31 of GBP304,511, narrowed sharply from the GBP17.3 million loss seen a year earlier. Income slips to GBP127.5 million from GBP130.4 million.

----------

Doric Nimrod Three One Ltd - Guernsey-based investment company that leases aircraft - Reports annual profit of GBP2.7 million in year to March 31, improved from a GBP14.5 million loss a year earlier. Income slips to GBP73.0 million from GBP75.7 million.

----------

Celtic PLC - Glasgow football club - Chair Ian Bankier elects to retire, effective January 1, 2023. Notes it will make announcements "regarding a successor in due course". Director and principal shareholder Dermot Desmond says: "We will ensure that we work very closely with Ian over the next few months to deliver a smooth and effective transition prior to announcing his successor."

----------

Semper Fortis Esports PLC - London-based professional esports team operator - Pretax loss in year to January 31 widens to GBP1.2 million from GBP626,173 loss a year prior. Generates revenue of GBP31,629 from zero a year before. "The board is aware of the current economic uncertainty and difficult capital market conditions and therefore in recent weeks the company has looked to significantly reduce its overheads and conserve cash. This has seen us withdraw from some of the new games we entered into during the year, leaving us to focus on our core Rocket League team which will take part in the World Championships in Dallas in August 2022," it adds.

----------

RTC Group PLC - London-based recruitment company - Sinks to pretax loss of GBP406,000 in six months to June 30 from GBP162,000 profit a year prior. Revenue falls to GBP34.4 million from GBP40.5 million. Notes it does not plan to pay dividend in second half, unchanged from year before. Chair Bill Douie says: "The first half of 2022 has been a difficult trading period. Several of our trading areas have responded well to opportunities arising from the transition from onerous pandemic conditions to an acceptance that we are able to live with continuing Covid outbreaks, bringing nearer to normal business conditions. In addition, the change of routes awarded in our new long-term Network Rail contract has brought a number of short-term but significant challenges and costs resulting in a reduced contribution from that element of our group."

----------

MGC Pharmaceuticals Ltd - Perth, Australia-based medicinal cannabis company - Agrees news USD10 million financing agreement with Mercer Street Global Opportunity Fund LLC, a fund managed by Mercer Street Capital Partner. "This fully funds the current MGC Pharma business plan and replaces the unused amount of the convertible facility announced in September 2020, providing MGC with material financing facility to be drawn on as required to execute its strategy," it adds.

----------

Ovoca Bio PLC - Dublin-based biopharmaceutical company focused on women's health - Completes enrollment of its Phase II study for Orenetide, a treatment for premenopausal women with hypoactive sexual desire disorder. "Despite a challenging global environment due to Covid-19 restrictions, the company is pleased to have successfully completed the enrolment in accordance with the previously announced timeline and schedule," it adds.

----------

SDX Energy PLC - London-based oil and gas company - Merger with Canada-headquartered Tenaz Energy Corp called off as it fails to get sufficient shareholder support. Previously, shareholder Aleph Commodities Ltd announces intention to vote against merger of Tenaz and SDX. Aleph Commodities holds 25.7% stake in SDX. In May, SDX agreed to be acquired by Tenaz Energy in a deal valuing SDX at GBP21.4 million. SDX shareholders will receive 0.075 of a Tenaz share for each SDX share. SDX shareholders to hold a 36% stake in Tenaz upon completion.

----------

Anglo African Agriculture PLC - agriculture investment company - Pretax loss in six months to April 30 narrows to GBP136,579 from GBP318,920 loss a year prior. Turnover slips to GBP681,761 from GBP788,096. Administrative expenses rises to GBP463,269 from GBP515,478. "The global financial recession will present some future headwinds in the short to medium term. The company and its advisors have been working tirelessly on various initiatives aimed at creating shareholder value. As at July 25 the company had GBP350,000 in cash, and the board believes that the Company is well positioned to take advantage of any opportunities that may arise due to the current economic turmoil," it adds.

----------

Synergia Energy Ltd - Perth-based developer of natural gas assets in India, Indonesia and the UK, formerly called Oilex Ltd - Shares restart trading on AIM after name change. Separately, notes C77H well in India is currently being cleaned up with the frac fluid being removed while gas is flowing at a rate of about 500,000 MMSCFD. "Approximately 10% of the frac fluid has been flowed back and we do not anticipate representative gas flow rates until the majority of the frac fluid has been removed," it adds. Says this could take 10 to 20 days.

----------

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
1 May 2024 13:57

Minoan annual loss narrows as project in Crete progresses

(Alliance News) - Minoan Group PLC on Wednesday said negotiations for the Cavo Sidero project in Crete are progressing as it reported a narrowed annual loss.

Read more
23 Apr 2024 14:29

UK shareholder meetings calendar - next 7 days

Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
AFC Energy PLCAGM
Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
Hikma Pharmaceuticals PLCAGM
International Biotechnology Trust PLCAGM
London Stock Exchange Group PLCAGM
Manx Financial Group PLCAGM
Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
Premier Miton Global Renewables Trust PLCAGM
Relx PLCAGM
Schroders PLCAGM
Smithson Investment Trust PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
Friday 26 April 
Bellevue Healthcare Trust PLC AGM
Kingspan Group PLCAGM
Me Group International PLCAGM
Pearson PLCAGM
Senior PLCAGM
Smurfit Kappa Group PLCAGM
Monday 29 April 
Goldstone Resources LtdAGM
Hydrogen Future Industries PLCAGM
JPMorgan Claverhouse Investment Trust PLCAGM
KR1 PLCEGM re buying up to 15% of shares in issue
Ocado Group PLCAGM
Secured Property Developments PLCGM re name change to Mollyroe PLC
Symphony International Holdings LtdAGM
Tuesday 30 April 
Amigo Holdings PLCGM re capital raise
Anglo American PLCAGM
BBGI Global Infrastructure SAAGM
CVC Income & Growth LtdAGM
Elementis PLCAGM
Minoan Group PLCAGM
Pebble Group PLCAGM
Robert Walters PLCAGM
Rotork PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
8 Mar 2024 13:55

EXECUTIVE CHANGES: Ethernity chair stays on, Picton director to quit

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and not separately reported by Alliance News:

Read more
5 Jan 2024 10:33

IN BRIEF: Minoan Group upgrades forecast for Cavo Sidero project

Minoan Group PLC - developer of hotel resort projects in Crete - Expects annual revenue from its planned Cavo Sidero resort to be "considerably in excess of EUR100 million". This is based on an updated business plan for the project, prepared with the help of property agent Savills PLC, that takes into account recent increases in room rates at high-end tourist resorts. Cavo Sidero sits on a peninsula facing the Mediterranean, and Minoan is permitted to build 108,000 square metres of space in five locations for hotels and resorts. Minoan says it continues to talk to the Public Welfare Ecclesiastical Foundation Panagia Akrotiriani about being granted an 'epifania', equivalent to a 99-year ground lease, for the project. In the meantime, Minoan is moving ahead on the basis of its existing contract. It is preparing an environmental study, which is required before building.

Read more
10 Nov 2023 16:18

IN BRIEF: Minoan in discussions over deal for Itanos Gaia hotel, Crete

Minoan Group PLC - Croydon, England-based developer of the Itanos Gaia resort hotel project in Crete - Says it is in "frequent discussions" with the Public Welfare Ecclesiastical Foundation Panagia Akrotiriani on an updated agreement for the company's Itanos Gaia project. Says: "The company will update shareholders regularly on progress towards a conclusion. Alongside this, the team is moving forward with the environmental studies required as part of the final planning process. Both actions are assisting in the discussions on the final format and shape of the initial agreement with the first of the hotel groups." Says as part of ongoing commercial activities, it has had a number of discussions in recent weeks regarding third parties taking "meaningful interests" in the project. Says: "These discussions are being actively pursued and, if successful, the company will make the appropriate announcements in due course."

Read more
3 Nov 2023 15:46

UK shareholder meetings calendar - next 7 days

Monday 6 November 
Plaza Centers NVAGM
Tuesday 7 November 
Time Finance PLCAGM
Wednesday 8 November 
Incanthera PLCAGM
Thursday 9 November 
D4t4 Solutions PLCGM re name change to Celebrus Technologies PLC
Libertine Holdings PLCAGM
SIMEC Atlantis Energy LtdEGM re appointment of Nexia Singapore PAC as auditors
Friday 10 November 
DFS Furniture PLCAGM
Galliford Try Holdings PLCAGM
Minoan Group PLCAGM
Minoan Group PLCGM re issuing shares
Quartix Technologies PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
18 Oct 2023 10:56

IN BRIEF: Minoan schedules meeting to help settle loan and liabilities

Minoan Group PLC - Croydon, England-based developer of the Itanos Gaia resort hotel project in Crete - Says re-convened annual general meeting to consider accounts for the year ended October 31 will be held on November 10. Company will hold a general meeting on the same day. Will propose two resolutions regarding authority to issue shares to DAGG LLP, having said in late August it will issue 70.7 million shares at 1 pence each to DAGG to clear half of a GBP1.4 million loan. Minoan will also request authority to issue up to 120 million shares at 2p each on average, to settle up to GBP2.8 million of balance sheet liabilities. Says this will improve the balance sheet's security and prepare Minoan for the next stage of development. Chair Christopher Egleton says prioritising liability reduction "demonstrates in a real way that the company and the Itanos Gaia project...are currently significantly undervalued."

Read more
29 Aug 2023 13:40

IN BRIEF: Minoan issues shares to clear half of loan, gets extension

Minoan Group PLC - developing Itanos Gaia resort hotel project in Crete, Greece - Issues 70.7 million new shares at 1 pence each, an 11% premium to Friday's closing price, to DAGG LLP to clear GBP707,231 of the GBP1.4 million loan owed to DAGG. The remainder of the loan will be extended to December 31, 2024 at the same interest rate of 10%. For this, Minoan will pay a fee of GBP175,000, which will be added to the loan principal. DAGG will have warrants for 35.0 million Minoan shares reinstated at an exercise price of 1.1p. DAGG also will be given the right to name one director to the Minoan board.

Read more
1 Aug 2023 14:32

Minoan to collaborate with unnamed luxury group on Crete hotels

(Alliance News) - Minoan Group PLC on Tuesday said it has agreed to work with an unnamed "major international" luxury hotel group on one or more of Minoan's hotels in the Itanos Gaia project in Crete, Greece.

Read more
31 Jul 2023 14:36

EARNINGS UPDATES: Kropz annual loss widens on impairments

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
28 Apr 2023 12:23

IN BRIEF: Minoan annual loss widens as costs rise

Minoan Group PLC - London-based Greek hotel investor - Pretax loss widens to GBP1.1 million for the year ended on October 31, from GBP749,000 the year before. Says this is due to increased loan interest charges. Operating costs rise to GBP541,000 from GBP511,000. Net assets as at October 31 increase to GBP42.7 million from GBP42.4 million a year earlier. Makes no revenue for the year. Adds that the continuing constructive discussions with the Public Welfare Ecclesiastical Foundation Panagia Akrotiriani are not impeding progress on the Itanos Gaia Project in Crete.

Read more
21 Apr 2023 15:49

UK shareholder meetings calendar - next 7 days

Monday 24 April 
CentralNic Group PLCAGM
Ground Rents Income Fund PLCEGM re changes to the investment policy and new board fees
Tuesday 25 April 
Aquis Exchange PLCAGM
Beazley PLCAGM
Coro Energy PLCGM re disposal of the Italian natural gas assets
Entain PLCAGM
GlobalData PLCAGM
Hydro Hotel Eastbourne PLCAGM
NatWest Group PLCAGM
Schroder Asian Total Return Investment Co PLCAGM
SigmaRoc PLCAGM
VH Global Sustainable Energy Opportunities PLCAGM
Wednesday 26 April 
Alfa Financial Software Holdings PLCAGM
Anglo American PLCAGM
Breedon Group PLCAGM
Bunzl PLCAGM
Corcel PLCAGM
Croda International PLCAGM
Drax Group PLCAGM
Elementis PLCAGM
Global Invacom Group LtdAGM
Kazera Global PLCAGM
Metro Bank PLCAGM
Mobius Investment Trust PLCAGM
Nichols PLCAGM
One Media IP Group PLCAGM
Persimmon PLCAGM
RIT Capital Partners PLCAGM
Trian Investors 1 LtdEGM re share redemption
Trian Investors 1 LtdAGM
Thursday 27 April 
Admiral Group PLCAGM
AFC Energy PLCAGM
Alliance Trust PLCAGM
AstraZeneca PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Dial Square Investments PLCAGM
F&C Investment Trust PLCAGM
Flutter Entertainment PLCAGM
Gresham House Renewable Energy VCT 1 PLCAGM
Gresham House Renewable Energy VCT 2 PLCAGM
Helios Towers PLCAGM
Ibstock PLCAGM
International Personal Finance PLCAGM
Kerry Group PLCAGM
London Stock Exchange Group PLCAGM
Pershing Square Holdings LtdAGM
Quixant PLCAGM
Schroders PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Taylor Wimpey PLCAGM
Weir Group PLCAGM
Friday 28 April 
AQRU PLCAGM
Audioboom Group PLCAGM
BBGI Global Infrastructure SAAGM
Everest Global PLCAGM
GetBusy PLCAGM
Greencoat Renewables PLCAGM
Greencoat UK Wind PLCAGM
Kingspan Group PLCAGM
Minoan Group PLCAGM
Pearson PLCAGM
Rotork PLCAGM
Shanta Gold LtdAGM
Smurfit Kappa Group PLCAGM
Symphony International Holdings LtdAGM
Woodside Energy Group LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
5 Jan 2023 14:50

IN BRIEF: Minoan expects to conclude debt discussion shortly

Minoan Group PLC - London-based Greek hotel investor - 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.

Read more
5 Jan 2023 10:17

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

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

Read more
24 Oct 2022 21:18

TRADING UPDATES: Silverwood finishes acquisition; Hardide names chair

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.