Market's view on Minoan
Published on April 2024
- Stock watcher mentioned the expectation of Minoan to announce various potential value-enhancing developments and the possible alternatives like raising cash, delisting, or undergoing a strategic review.
- Concerns were raised about the completion status of a new international airport, which is only 31% complete and is located 2.5 hours away from Toplou by limo.
- It was noted that Minoan Group Plc has scheduled its Annual General Meeting for 30 April 2024 and plans to publish its financial results for the year ending 31 October 2023 just prior to this meeting.
- A stock watcher discussed the potential manipulation of the market by certain shareholders, particularly in relation to large share disposals and the dissemination of insider information.
- Questions were raised regarding how the company is managing its finances, especially concerning the use of its last expensive borrowed funds.
- The timing of releasing potentially bad news over the long Greek Easter holidays was speculated to be strategic.
- Concerns were mentioned about the lack of interest from the monks in signing any agreements, affecting the company’s operations before the Greek Orthodox Easter.