Statement sets out catalysts for potential rerating
The project is a luxury hotel and villa development that will house four luxury five-star hotels and villa complexes. Minoan commissioned new studies for the detailed environmental assessment of the project and site during FY21. These underpin a revised masterplan which incorporates a new, more luxurious development that fully capitalises on the asset’s ‘Strategic Investment’ status.The investment case pivots on potential for Minoan to secure (a) an amended agreement with the Foundation in 2022 and (b) development partners to undertake or partner / purchase discrete components of the scheme’s hotels or villas, typical for this type of development.
The current business plans forecast, once the resort becomes fully operational, a stabilised turnover for hotel & villa rental rooms above €100m pa which excludes real estate profits. Catalysts for rerating, short term, will be provided by firm evidence that MIN has navigated key challenges and made the development a reality.
In the immediate term, any revised agreement with the Foundation should prompt a reappraisal of the group’s investment appea
Minoan Group is a holding and management company of a group involved in the design, creation, development and management of hotels and resorts and in the operation of independent travel businesses, through which the group acts as agent in providing a range of services including, inter alia, transportation, hotel and other accommodation and leisure services. Co. is organized into three divisions both by business segment and geographical location: the luxury resorts division, being the development of a resort in Crete; the Travel and Leisure division (U.K.), being the operation and management of the travel businesses; and the corporate development division (U.K.).
Equity Development enables companies to become better understood and supported by investors. Since our launch in 1996 we have consistently focused on helping our clients improve their communication and relationships with both existing and potential shareholders. Our clients have come from a wide variety of sectors and domiciles, are both private and quoted and range in size from micro-cap to $multi-billions. We offer free access to company research notes written by experienced analysts. These notes include detailed forecasts, financial models and a fair value. We host regular Private Investor Forums at which investors have the opportunity to hear company directors present, and to ask questions. These are free to attend. We broadcast live Webinars with company management that include active Q&A. We also make the recordings available online. We arrange face to face meetings between private investors and company management. We are active users of Twitter, commenting daily on company news, share price moves, Directors’ Dealings, Equity Development Research Notes & Events.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.