Profile

Minoan Group

Minoan Group's principal activity is currently the design, creation, development
and management of the Cavo Sidero Project in North East Crete.

Cavo Sidero is a luxury 7,000 bed resort development approximately 30 minutes
from the new airport at Sitia. It is expected to appeal to the UK and European
tourist and second homes markets. The Project's comprehensive plan for
sustainability will reinforce and underpin the key elements of environmental and
cultural heritage essential for its long term commercial prospects.

Since acquiring the rights to the Site in July 1998 the Company has successfully
obtained a series of planning approvals from the Greek Government the most
recent of which is the approval of its Environmental Impact Study by the Greek
Minister of Environment, Planning and Public Works. Minoan will now commence the
implementation and operational phases of the project and the crystallisation of
value for shareholders.

The Group has representative offices in Athens plus Sitia and Palekastro in
Crete.

more info from plus website

http://www.plusmarketsgroup.com/details.shtml?ISIN=GB0008497975

minoan website

http://www.minoangroup.com/

free stock charts from www.advfn.com

-The company intends on moving to the aim in the near future.

-In June 2005 independent property consultants Lambert Smith Hampton placed a
value of 80m on the land for the development (This valuation assumed, inter
alia, that all consents were obtained, but did not assign any value to the project
itself)

-target price of 175p per share, against the present share price of 94.5p (www.equitydevelopment.co.uk) expect this to be upped in the near future.

-main construction to begin around the middle of 2007.

-market cap under 40 million

i feel this share has a lot to offer and is currently undervalued when its market cap is half the value of its main asset.

any views people?

ta

daws

Fantastic chart and recent performance

About 5million new 0.01p shares on offer at 6p each DYOR.... Let's hope those that buy will do better than LT investors.... I don't own, but concern BREXIT could mean there is a Currency / Passport issue for Brits visiting their Crete-Hotel complex...if / when Built, as I guess it's not yet up-and-running . . . . anyone?
EDIT 20Sept2018)- sp down to 3p as their Travel-Agency is being sold - it's unclear to me what the [MIN] debt-level is; but hopefully this sale may help . . . The Buys/Sells suggest otherwise.... probably because it swaps Asset for short-term Cash, which cannot be replaced until the Hotel-Complex is working - and one suspects there's insufficient to dig the foundations.
EDIT(18Dec2018)- shares appear to be 1p nominally----Oh deary, above cash has gone so another "Placing at 2.5p" - now there are 31m shares in issue DYOR. Appears this raising will fix the Debt, too. Looks like their travel business is suffering. No positive Ns about Crete complex... is it being built? +Last Dir buys were in 2009...DYOR.