Member Info for Bigwil7

The Greek prime minister, Kyriakos Mitsotakis, addresses the media at the 84th Thessaloniki International Fair.

Greece’s prime minister, Kyriakos Mitsotakis, has pledged that after almost a decade of being dependent on international rescue funds, his debt-stricken country will soon prove to be a “pleasant surprise for Europe”.

With investor confidence in Greek bonds better than at any time in the past 10 years, Mitsotakis said the country long at the forefront of the euro crisis had finally turned the corner.

On Sunday, at a press conference following the policy address, he defended the cuts saying the pro-business government would also prioritise foreign investment to produce new wealth and boost unemployment. Chief among them would be the redevelopment of the prime coastal spot that once housed Athens’s abandoned Hellinikon airport, a project that stalled under Syriza but now projected to generate as many as 30,000 jobs and seen as key to turning the economy around.

It would be quite a feather in their caps too if the new govt helped Minoan across the starting line after all these years, eventually creating 1,200 new jobs.

Exactly Arsenal - its worth far more than £11M. Glad you're on board now!!

Share price up 18%, not often that happens. Not often Arsenal is silenced either (that wont last).
No news yet on the Joint Venture though, that can't be too far away.
Market cap still a derisory sum, not reflecting IMV the value of the project that the company is marketing .

Interesting increase on low volume. More buying will push this higher.

Interesting??

Shares issued at 9p ! Is that right?

23 July 2019
MINOAN GROUP PLC
("Minoan")
Share Issue
In accordance with the terms of an agreement to settle a liability by the issue of shares, Minoan is issuing, subject to admission on AIM ("Admission"), 6,727,000 ordinary shares of 1p each ("New Ordinary Shares") at 9p per share.

Oh dear not to your liking - the share price moved up for once!!
And as for buys equalling sells, what nonsense! All an effort to mislead others presumably.
FWIW my understanding of yesterday - buys by pi's were 860K and sells 203K - not that it is that important, however attempts to mislead others by what is posted are of more concern.

Investor confidence in Greece growing: Metron Analysis survey:

The most attractive sectors for investment in Greece are indeed, tourism, food catering, energy, transport and real estate, according to greenfield investment monitor fDi Markets; 89% of greenfield FDI to Greece went into these sectors between January 2018 to April 2019. Hotels and tourism was the biggest sector in terms of capital investments and projects, attracting $633m from 10 projects, 52.1% of the total $1.22bn of investment into the country during this period.

https://www.fdiintelligence.com/News/Investor-confidence-in-Greece-growing-Metron-Analysis-survey

Greece’s Highest Court Lifts Obstacles to Hellinikon Development

https://greece.greekreporter.com/2019/07/16/greeces-highest-court-lifts-obstacles-to-hellinikon-development/

greeknewsondemand.com/2019/07/17/greeces-highest-court-lifts-obstacles-to-hellinikon-development/

Shows how keen the new Govt are to get things moving.

The Minoan project was also mentioned back in Feb in the same article and therefore should be getting similar treatment by the new govt.

All bodes well for the future.

Unfortunately Arsenal, it would appear that you have a considerable lack of understanding. Maybe you are just pretending to not understand in order to justify misrepresenting the true facts. You have been told on numerous occasions that the directors of both Minoan and its subsidiary Loyalward have invested considerable sums recently but you choose to ignore this and continue your path down a very blinkered blind alley.
Given the facts your efforts look very silly these days.

AND!!!!
20 May 2019

MINOAN GROUP PLC (“the Company”, Minoan)

Significant and Directors’ Shareholdings

Following the issue of Shares and Warrants, as announced on 10 May 2019, Minoan Group Plc has been notified of the following Significant Shareholdings in, and the percentages of, the total of 404,917,083 Ordinary Shares of 1p each now in issue:

Mrs L A Adams - 23,047,169 shares, 5.69% P D Raby - 33,663,965 shares, 8.31% N Day - 49,199,466 shares, 12.15%

AND!!!!!!!

As announced on 24 April 2019, the following shares have been issued to Minoan’s directors at 3 pence per share:

B D Bartman 6,333,333 shares, which increases his shareholding to 7,344,167 shares G D Cook 5,000,000 shares, which increases his shareholding to 8,311,123 shares.

WRONG!!!!

Another £150,000 invested by N Day - surely the market will realise that there must be a reason for the directors investing so heavily in this company.

17 June 2019
MINOAN GROUP PLC
("Minoan")
Holdings in Company
Following the issue of Shares pursuant to the Firm Subscription and Open Offer announced on 10 June 2019, Minoan has been notified that the shareholding of N Day Esq. is 54,654,012 shares representing 13.25% of the total of 412,553,447 Ordinary Shares of 1p each now in issue.

From Equity Development's recent update:

"To recap, the previous Syriza government approved the group’s scheme in Crete in 2016, with all appeals cleared in 2017. That followed various approvals from all previous governments. This provided the green light for a projected €250m hotel, residential and leisure development.
However, the current equity valuation reflects the group’s long-running negotiations over legal and political issues during a 25-year period, as well as the risks inherent in financing and delivering a substantial scheme. Nevertheless, it appears to discount much of the potential upside when the project begins to be realised. "

Equity Development's final paragraph:

" For Minoan, the ‘universe’ of potential partners, investors and possibly, buyers, has become much larger and more competitive. In confirmation of this we understand that, aside from those already disclosed, other parties have recently expressed possible interest in the project."

A Greek economic renaissance could benefit the broader Arab world:

www.ekathimerini.com/242569/article/ekathimerini/comment/a-greek-economic-renaissance-could-benefit-the-broader-arab-world

"Now, as the economy flickers to life and a new business-friendly prime minister takes the helm, new opportunities abound in infrastructure, services and, of course, tourism (Greece needs more 5-star hotels, for instance). The EU will continue to play a vital role as Greece’s backstop and key market, but emerging world countries like China, the UAE and Saudi Arabia should also play a role as commercial partner and investor."

Tourism and hospitality markets are key to sustained recovery

and by the sound of things there are yet more parties interested in the project or parts of it:

"For Minoan, the ‘universe’ of potential partners, investors and possibly, buyers, has become much larger and more competitive. In confirmation of this we understand that, aside from those already disclosed, other parties have recently expressed possible interest in the project."

A bit of competition will always push the price up IMV.

The money for the investment is the land, about 10 miles of it i.e. all parties of a joint venture will contribute, the company puts up the land at a value agreed by all parties and another party will contribute the finance and another party will develop the project as agreed.

Equity Development have issued an update:

https://www.equitydevelopment.co.uk/company/?company=Minoan+Group&c=5IzN

Recent events, notably Greece’s switch to a more business-friendly administration after its General Election last weekend, continue to shift the prevailing political and economic winds in Minoan’s favour.

Another £150,000 invested by N Day - surely the market will realise that there must be a reason for the directors investing so heavily in this company.

17 June 2019
MINOAN GROUP PLC
("Minoan")
Holdings in Company
Following the issue of Shares pursuant to the Firm Subscription and Open Offer announced on 10 June 2019, Minoan has been notified that the shareholding of N Day Esq. is 54,654,012 shares representing 13.25% of the total of 412,553,447 Ordinary Shares of 1p each now in issue. The TR-1: Standard form for notification of major holdings can be seen below.