Share Name Share Symbol Market Type Share ISIN Share Description
Skil Ports & Lg LSE:SPL London Ordinary Share GG00B53M7D91 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 11.25p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 0.0 0.1 -0.0 - 42.86

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Date Time Title Posts
06/12/201613:35SKIL PORTS @ LOGISTICS. much needed (New indian port)8,853.00
13/10/201610:21sharetips6 AKA trader-mick LSE AKA 21trader BACK AS annonymous2 NOW hatey1.00
22/6/201609:15SKIL PORTS - is it another dodgy foreign AIM listed coy?43.00
12/1/201616:43SKIL PORTS2.00
31/12/201419:03SKIL Ports & Logistics Ltd696.00

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DateSubject
18/11/2016
18:19
clarksons1: DVI 'M&G suddenly take a 15% in the company? Why would the British Steel Pension Scheme, Schroeder and L & G dig deep again?' I have no idea, have you asked them? If you have i would very much like to hear the reasons, because none of the numbers now make any sense to me. Also, could they name one small port development project they have invested in previously? And which industry consultants have been advising them in respect to their investment in SPL? Fund managers mostly restrict their investments in the ports sector to major port groups like DP World, that operate deep sea container terminals, which have straightforward, easy to understand economics. I do not accept SPL have reclaimed 75 acres to date( who did the audit?) - i think it is at best around 60 acres of partially reclaimed land. The original Karanja Plan is for a 1000m x 800m Port Area(200 acres) - the latest photographs suggest to me around 50 acres of land under reclamation inshore plus a finger out to where the berth piling is underway. I estimate 500-600m of berth piling when complete would end close to the western extremity of the existing reclamation. This would then produce a total port area of between 100 to 120 acres. It is important to bear in mind the reclamation partially completed to date is mostly the foreshore which requires only modest amounts of sand fill: to complete the reclamation of the same area out to the berth will require many multiples of the volume of material used to date because this area is much deeper and therefore needs a much greater volume of material since it is presently permanently under water. According to the design spec if they complete 300m of berth they will have around 60 acres of land behind it, 600m will have 120 acres and 1,000m 200 acres. The shareholder circular stated they currently have enough money to complete 600m of berth and well over 120 acres of land reclamation - enough for the first 3 to 4 years of operation. So why are they raising further funds at a totally ridiculous share price to develop nearly the entire 200 acres and 1000m of berths BEFOTE commencing any commercial operations - it is complete and utter nonsense. (This is twice the size of the two largest ro-ro terminals on the Thames which have a designed annual throughout capacity of over 12m tonnes). Why not develop the first 120 acres and 600m of berths at Karanja, make it a commercial success and then raise the remainder of the capital to complete the Port through debt or a capital raise at what would then likely be a very much higher share price? (If shareholders are interested in seeing their investment money again, I would suggest they repeatedly ask themselves this question until the only plausible answer becomes clear). With a draft restriction of 4.5m in the Karanja access channel, i cannot see how SPL can generate sufficient revenue from what will be mostly transhipped barge traffic and low value dry bulk cargo on very small freighters, to cover the interest on the debt payment, never mind make a profit. Have you seen any of their latest revenue, cost and profit projections? IMHO - the best £3k to £5k investment shareholders could make would be to appoint a marine engineering consultancy to audit the site development and, to produce a cost estimate for the work carried out to date, and another to complete the development as proposed. Would not surprise me if the following scenario played out over time: the Port failed to produce sufficient profit to pay the interest on the bank loans; the banks foreclosed and took the port and equipment as collateral: following which a consortium led by Ghandi buys the port off the banks for around what they are owed, and then turn it into a pure logistics park, servicing the ever growing needs of the JNPT container shippers and receivers. Without greater depth in the Karanja access channel imo, it is inconceivable that Karanja will be able to generate sufficient high paying, fast moving cargo handling revenue to make it commercially viable. For shareholders sake, i would like to be proved wrong, but would estimate the likelihood of this at less than 5%, which is why i will not reinvest at any price. AIMHO/DYOR
20/9/2016
11:52
george short: lefrene: "Once the thing becomes an earner there is likely to be a change of sentiment" At the current time SPL is, frankly,a somewhat speculative investment in terms of how the whole project will pan out. However once the thing becomes an earner it has been derisked and the share price will be many multiples of 10p. I have taken the view that it has greater value than the current share price but will be "digging up the acorn" at every bit of news so reserve the right to re-evaluate my involvement as time progresses.
17/9/2016
22:37
deepvalueinvestor: Clearly not good news but why bother with the new directors if it is such a hopeless case? It also seems very strange that they don't raise the funds months ago when the share price was much higher. As mentioned, a placing at 40p when the share price was 80p would have seemed logical. I am sure the trolls will love this. Just relieved I reduced above 70p to provide funds for a future placing. Good luck to all the genuine investors who have been let down by the mismanagement of what continues to be a promising opportunity.
28/7/2016
13:03
guernseymoney: I thought I’d better get this down sooner or later, so I don’t forget it. Here goes… So I attended the SPL AGM this morning here in a not-so-sunny Guernsey. In retrospect, I should have challenged more, asked different/more difficult questions, but was the only shareholder there and it was tough asking the questions, writing down answers and thinking of next questions etc. Also, you always think of good points to make or retorts once it’s too late… That said, I feel I personally benefitted from seeing the board members in the flesh and meeting them and hearing from them directly. Anyhow, the AGM itself took all of ten minutes to go through. Further my earlier post, here is what I took away (E&OE): What is “Phase 1”? What will be completed by end of 2016? Jay Metha answered this on speakerphone. They expect 300m of jetty to be completed by end of this year. When built, the jetty will be 1000m long. At 300m, it will be able to accommodate a big ship/barge. Re logistics park, 30 hectares already reclaimed, going well, now things on the ground have gained traction. Once port built, around 200 hectares reclaimed. Will logistic operations (and associated revenue) begin before port operations or at the same time?: Same time most likely, not beforehand. Idea of ship repair facility: SPL’s location is not a 3rd/4th tier city, at Navi Mumbai, it’s the “gateway to India”. No other facility closeby and has huge potential, lots of passing ships. Again, per RNS, not something they will do before port is operation. Pavan has had loads of earache about that point from disgruntled shareholders. Cost overruns: So much time spent doing environmental clearance, things stopped and started above what was predicted in fixed price. Community-based involvement (i.e. CSR responsibilities) for SPL: Not likely to have a material cost to the company. Villagers/Locals politicians objecting to construction of port: This was not exclusively directed at SPL as some shareholders believed, but more of an uprising against modernity/loss of jobs in the area. Slowed construction down a lot at the early stages, but now been rectified. Infrastructure for actual port: Covered in remaining funds, but costs are likely to be higher than they were in 2013. Not using much Chinese imported goods (subject to import embargoes perhaps). Additional NEDs: I asked why they wanted additional NEDs, when Messrs. Sutcliffe and Jones were so well-experienced. Pavan said that, as the company was growing, they wanted to attract NEDs with different skill-sets (perhaps to woo City/II’s) and now the project was in full swing, would be good to have someone on the ground. Why no directors have not bought shares: I didn’t have the balls to ask! It’s an interesting one though. Maybe they plan to soon. Other info: Pavan said his vision was for SPL to be a UK-based leading Indian infrastrucure company and he was fully aware how the delays etc had damaged his and the other directors reputation, but he had no doubts the port would be built. He said he understood the frustrations of investors and was aware of the ADVFN bulletin board and was kept updated as to the chitter-chatter on here. He actually asked me if my pseudonym was “guernseymoney”, which I correctly informed him was, as well as pointing out it was ironic. He added that he took retail/private investors just as seriously/important as II’s and said he is available to answer questions for anyone who wants to ask them. He gave a positive outlook for India, none of which was new, but he was very excited, clearly, about building the port. This I believe was sincere. In sum, just as I did before the AGM, I genuinely believe this is a good, undervalued investment and will transpire and materialise. But what I can’t predict is where the share price will be next year or the year after or what weight to give the financing risk, but all-in-all, I think the many positives outweigh this risk. This is still so totally oversold in my opinion and once they finalise the financing, it’s got so much going for it. Right place, right time, etc. But is painful to see the share price where it is. Watch and wait. I am going to be off-radar now for a few days. Good luck all.
15/12/2015
13:34
m.t.glass: "While the share price went down and down over the past 5 years, there have been many investors convinced that each upsurge was more reliable than previous failed ones - only to find it wasn't. A year ago the share price grew 100% in about 3 months - before dropping to an even lower low. So what makes this current surge any more reliable than previous ones? Onsite evidence. Previous surges were all based on words - this one is based on pictures. Pictures posted on the News page of the company website - underscored by comparison with satellite images at Google Earth (search Karanja Creek). This time we are not reliant on accepting the promises of what will happen - we can actually see it happening - and so can skeptikal analysts who shied away in the past. I am confident that the port will be completed, and that it will be a riproaring success, as a port. My two concerns are that the success of the port might not necessarily be reflected in the performance of the shares - because of future fundraising dilutions maybe - and because of any crafty diversion of assets from SPL to other companies owned by directors. Despite past assurances that the company has enough funds/loans to complete the project, I doubt that. I think there will be a further stockmarket fundraising. Though I suspect they will want to do that against a backdrop of a strong share price (= bigger market cap), and the announcement of client contracts. In which case I doubt it will happen for at least 9 months, during which I do expect the share price to climb strongly, aided by fresh PR presentations. On that basis, even allowing for share price slippage on dilution next Autumn, I expect the share price to top 100p within 6 months - ie, up 80% by the summer." (Johnny Tooslow)
02/12/2015
07:15
saucepan: Excellent news and SPL also being true to its recent word to improve its communications. Sithuk: yes, the project has slipped behind the original schedule; we all know that - hence the current share price. However, markets are forward-looking. The SPL share price should be on the up today.
28/11/2015
22:41
yortis: GBO was a fraud, the cash was never there. MRX by your deductions every company that has net cash is potentially a GBO. From what I see there are hundreds more companies on AIM that are likely to be GBO than SPL. Why not target them? However for some reason you spend all your time scaremongering here and trying to keep SPL share price down. what's your hidden agenda?
28/11/2014
14:11
m.t.glass: For those who cling to the hope of a sudden upsurge in the SPL share price on next week's expected announcement if it comes: The share price jumped 24.6% in 12 days in October 2011 Jumped 33.8% at the start of 2013 Rose 50.4% from Mar-Apr this year. Unfortunately it drifted to new lows after each of those upkicks. Buit at least we know it can move briskly now and then. Do we have any mathematicians here who can work out what rise comes next if that particular progression were to continue? (Very roughly a quarter, a third, a half, a ...)( ratio = 3, 4, 6, ..?)
06/11/2014
14:46
david_99: Mount Teide, Thank you for your response. I do hope, as you say, that the small ports business community is monitoring the Karanja port - but more so the SPL share price as I guess they may not be looking at the dire mkt cap that we are trading at and the opportunity offered. Their in lies my point - perhaps they are following the Karanja port build but not the floated company ? Your post does mention, however, that they do look out for such opportunities so hopefully someone will pick up on this ... feel free to nudge a few shoulders if you so wish, or tell your good friend to :-)
06/11/2014
14:37
david_99: Regarding what Nikhil paid I think may be academic, although he has a sig. holding, he would likely not want a bidder to appear hence previous comments on this thread that the company could be taken from under their feet given the low mkt cap, if it got the majority vote. That said for those that did participate in the IPO, azalea, makes a fair comment which had also occurred to me. I genuinely believe that as we are, the SPL share price, in time, has significant upside. I would not be surprised to see us trading north of 300p in a couple of years time. In fact, I believe we’ll be trading at >150 in 12 mths time. But if a bidder came along now then : 1. The market would be forced to take note of the true value in SP 2. The 150p was an arbitrary figure in the context of the current share price and any bid would be open to rejection anyway. There is also the aspect to consider for many share holders that if you were offered 150p today would you take it ? I suspect the answer by many of us would be a tempting yes as it’s an immediate gain. AIMO.
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