Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Minoan - Yes it can now develop Cave Sidero - we are off to the races: Yamas PUBLISHED: 26 Jun 2017 @ 16:16 | Comments (0) | More info about Tom Winnifrith It has taken more than two decades and exposed the Greek planning system for the total joke that it is but Minoan (LSE:MIN) now has the all clear to go ahead and develop the spectacular Cave Sidero site in North East Crete. The Appeals (petitions of annulment), against the Presidential Decree granting land use approval for its Itanos Gaia project ( what we cal Cave Sidero) have been dismissed following the issuing of decisions number 1704/2017 and 1705/2017 of the Greek Conseil D’Etat. Minoan states: “The Company now has an un-appealable PD which, in effect, gives outline planning consent for the Project and allows the Board to take the steps necessary to crystallise value for all stakeholders.” Ends. We hope you bought on Friday as we urged as the shares are 18% ahead today at 9.75p-10.25p on this news.. Keep buying at up to 11p. It is the phrase that we have put in bold that you should focus on. CS is clearly worth a multiple of the current market cap – perhaps four or five times. With planning issues finally resolved and can strike corporate deals to, perhaps, sell another stake in the project which will demonstrate that value. One imagines Minoan has had ” a good while” to discuss such plans with potential investors so we will hopefully not be kept waiting long for such an event which will a) resolve any balance sheet concerns b) drive a storming re-rate. BUY at up to 11p – target to sell 16p+
We are not there yet but at a £20 million market cap that would start to happen and we will get there sooner than you think. At 23p the market cap is now £14 million. Before the city wakes up BUY greedily at up to 25p – our initial target to sell is 50p but that may well be far too cautious." Ends I stand by that. The shares are now 26.75p so a HOLD on HotStockRockets but I sure won't be selling our shares at anything like this price. Big Sofa is on a roll.
ig Sofa - is the unnamed Consumer Goods Multinational Partner P&G? we think it is By Tom Winnifrith | Monday 26 June 2017 On 12 June Big Sofa (BST) announced a Global Agreement with a Consumer Goods Multinational based in the US. This was a big deal and reinforces our bullishness on the shares. But it did not name the company. But hang on have a look at the company's recently updated website below: I put it to you that next to Ipsos, the first big name partner, is Proctor & Gamble so can we now out it is partner number 2? As a reminder, after the 12 June RNS HotStockRockets wrote (and I stand by this). What does this actually mean? We were taken inside yesterday and had a major number crunching exercise. Historically Big Sofa has generated revenues from numerous small contracts worth £5,000, £10,000 or £15,000. that is great but it does not offer visibility. The strategy now is to secure major deals like Ipsos and today's deal which may take a few months to ramp up but will in due course generate revenues of £1 to £1.5 million each per annum. We now have two such deals. We gather others are close to being concluded so that by the late Autumn there should be, at least 4 bedded down and onstream which means that a fixed overhead of just under £5 million per annum will be covered and the company will be profitable. Given that it raised £6. 1million last December cash will on that basis not be an issue. Yes the company will lose money in calendar 2017 but should end the year with at least £2.5 million in the kitty. The joy here is operational gearing. Adding on a fifth or sixth contract would add very little to the cost base and indeed the internal plan is to build up to 12 such contracts by the end of calendar 2019.. So lets assume that each contract does grow to £1.25 million ( we are being cautious).. On that basis with – say 6 on stream for the whole of 2018 sales that year would be at least £7.5 million. Assuming some additional cost plus general inflation plus cost increases overall, that would imply a pre-tax ( and post tax given 2017 losses) profit of £1.5 million and year end cash of £4 million. But in 2019 on, say 10 contracts, the sales number goes to £12.5 million ( and that could well be closer to £15 million) and profits to, at least £5 million. Even on a full tax charge that is earnings of £4 million ( and year end net cash of £8 million). Such a growth play would surely merit a PE of 15 + cash? That implies a market cap of £68 million which is c120p per share. Okay we are not going to get there tomorrow. There is a time discount and a risk of non delivery but so far so good on that score and we are assured there is more to come over the summer. At some stage brokers will start to cover this stock and offer official forecasts and at some stage that will attract institutional buying. We are not there yet but
hTTp://www.*************.com/views/29921/minoan-share-price-weakness-panicking-no-time-to-buy **********= share prophets
Don't leave it to long to get in ;) https://tinyurl.com/ktczyc3 Date published: 23/5/2017 The time has come for the investment The time has come for the decision of the Council of State for the British in the case of Toplo's investment. One year after the appeal against the Presidential Decree on the ECHR is approaching, as I learn, the timing of the publication of the ITANOS GAIA tourist investment decision by the British company Loyalward / Minoan Group in the area of the Panagia Akrotiriani Foundation. The British await the immediate release of the court's decision to start unfolding their investment projects, including the expansion of travel agencies in Scotland, and in particular Edinburgh. To see what will happen to this story.
TF your reply when i said i thought you had bought in was "No but I will when I see the consent and moves on the valuation front-I think the travel side has a chance at the risk of repeating myself" Why wait when you can have a good payday very soon?sell on the spike which there will be,then from there review whether you wish to buy as an investment.
Minoan - yet another placing, annoying distraction PUBLISHED: 23 May 2017 @ 15:28 More info about Tom Winnifrith AIM-listed Minoan (LSE:MIN) has announced another small bolt-on acquisition and yet another placing. It is groundhog day. There is also an update on its debt facility due to expire at the end of June. It is disappointing to see a placing (at 9p) raising just £450,000 but the lights need to stay on until the bloody Greeks give the final Presidential Decree green light for Cave Sidero. The balance sheet has always been a bit light on cash with full year numbers to 31 October 2016 showing cash of just £104,000 so the placing was inevitable. What is annoying is that with no final Cave Sidero sign off it was at just 9p. When that sign off occurs it will be a whole new ball game. When the Green light is given we are assured that the company has a string of deals lined up which will see cash flowing in PDQ and also a refinancing of the debt not being an issue. For what it is worth, the bolt-on acquisition – Morningside Travel Limited for £135,000 – is very small. We really don’t care about that. Cave Sidero is what matters and we do not expect to be waiting long. In the greater scheme of things 5 million new shares out of 211 million in issue is small beer. The key point is that the shares will rocket on Greek approval. That will happen very soon and so ahead of that hang on tight.
https://tinyurl.com/m8rwoc2 Await the decision! I saw I heard 23.05.17 07:56 We will know the investment plans after the CoE decision Time for the adoption of the decision of the Council of State for the British in the case of Toplo's investment. It has already been a year since the appeal against the Presidential Decree for EGSH and the time for the publication of the ITANOS GAIA tourist investment decision by the British company Loyalward / Minoan Group to be extended to the "Panagia Akrotiriani" Foundation. The British await the immediate adoption of the court's decision to start unfolding their investment projects, including the expansion of travel agencies in Scotland, and in particular Edinburgh.
Overall the investment case for Minoan is pretty much unchanged. We are still waiting for the go-ahead in Greece. If it ever comes then the shares will, in my view, fly. I’ll be delighted if/when that comes and I can cash in on some gains but for now the long, seemingly endless wait continues. As before, if you believe the company will get its bit of paper then the shares look to be a screaming buy. If you don’t, they are a walk on by. I’m hoping for the former case, and as such the shares look pretty cheap. The problem is that until the formality of an announcement and then deals on the back of that follow, Minoan still has costs to pay and its travel business hasn’t yet made a profit. In my view these placings will continue until Minoan can capitalise on Cavo Sidero. The bottom line is that the market hasn’t yet priced in Cavo Sidero. One can see why! But on the other hand, this could mean a great opportunity for some useful gains – the market’s impatience is the patient investor’s friend. Unfortunately, it could also mean tying up capital for far longer than you would hope – and I guess that until the ink is dry on the paperwork there is just that unsettling concern that something else could get in the way. My hope is that the rewards will be seen soon – but as to a recommendation it really just depends on whether you believe that Cavo Sidero will finally get off the ground. I’ve got a decent chunk of the stock, so obviously I believe that it will happen. I’m pretty hopeful that the long wait will come to an end very soon indeed.
hxxp://www.*************.com/views/29231/minoan-acquisition-placing-debt-update Minoan – acquisition, placing, debt update By Nigel Somerville | Monday 22 May 2017 AIM-listed travel agent and wannabe Greek holiday resort developer Minoan (MIN) announced a small bolt-on acquisition this morning….and a placing. Oh, and an update on its debt facility due to expire at the end of June. It is disappointing to see a placing (at 9p), but in the general scheme of things it is a relatively small amount so the pill is sugared to some extent. When I chatted to the company at the runaway success that was UK Investor Show on 1 April this year I came away thinking not just that the seemingly endless cycle of placings was at an end, but that we might even see some signs of profits and dividends before too long. So a placing at 9p, when the shares had been happily sitting at above 10p until last Friday (nothing to see here, move along please) is disappointing to see. Having said that, the balance sheet has tended to be somewhat thin on the cash front, with recently released FY numbers to 31 October 2016 showed cash of just £104,000 as against £145,000 the previous year so with ongoing plc costs and directors salaries as well as other bills to pay it seems that a fundraising was pretty much inevitable…..unless a rabbit appeared from the Minoan hat. That rabbit, I had hoped, would be the final long-awaited appearance of the Greek Supreme Court ruling on a final appeal by some who wish to have the Cavo Sidero project in northern Crete put on ice. The ruling still hasn’t appeared, although back on 1 April the company was clear that we could be waiting a couple of months for that. Time’s almost up, so one keeps on hoping for news very soon. That is the news I am waiting for, as I sense that the company has a string of deals lined up which will see cash flowing in once confirmation that Minoan has got the go-ahead (already reported in the Greek media) from the supreme court. But it sounds as though the Nomad WH Ireland has stepped in and “encouraged” the company to top up its coffers: As a consequence of the Acquisition and the Placing, which was done following advice from WH Ireland Limited…. So there we are, another 5 million golden tickets in circulation. Out of 211 million shares it is not a big dilution by any means so if it is enough to keep the lights on while we wait for the Greek bureaucratic wheels to turn then we just have to swallow it. The bolt-on acquisition - Morningside (read poshville in Edinburgh) Travel Limited for £135,000 - is pretty small, but if it brings the break-even mark a little closer then all well and good. Finally, we are told that discussions to extend an existing loan facility (already extended to 30 June) are ongoing and we will be updated “in due course”. Thanks for that….. Overall the investment case for Minoan is prett
Well this is the ink biff, https://tinyurl.com/loyaj5v
TF,still dilution of 6m shares no matter how you look at it and even thats small beer in the overall scheme of things,and i will also add by the tone of your posts i would say you have bought in for a trade ;)
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Falanx Cyber Defence are delighted to announce that we are now a member of the NCSC IT Health CHECK Scheme. As a CHECK green light service provider, Falanx Cyber Defence is approved to provide health check services to Her Majesty’s Government and the wider public sector. CHECK service providers accredited by the NCSC are considered capable of providing high quality penetration testing work at or above the minimum standard set by the NCSC. We are pleased that our penetration testing methodology and our capabilities have been assessed as meeting these very high standards. Head of Penetration Testing, Tim Wright said “To be recognised as an approved CHECK provider is another great accreditation for us. We work hard to always ensure we deliver the best possible service to the highest possible standards, and it’s great that our customers now also benefit from knowing our services come with the extra assurance of being a member of the CHECK scheme.” Falanx Cyber Defence already holds a CREST accreditation, is available through the government’s G-Cloud Framework and is certified to ISO 27001 (Information Security Management), ISO 20000-1 (Information Technology Service Management) and ISO 9001 (Quality Management). Further details of CHECK can be found on the NSCS website.
hxxps://falanx.com/check-approved/ Falanx Cyber Defence Approved As CHECK Service Provider By Stephanie MillsMay 17, 2017