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
  -0.625p -6.02% 9.75p 9.50p 10.00p 10.25p 9.75p 10.00p 245,500 15:37:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 0.0 0.1 -0.0 - 4.29

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Date Time Title Posts
28/9/201614:26SKIL PORTS @ LOGISTICS. much needed (New indian port)8,594
22/6/201610:15SKIL PORTS - is it another dodgy foreign AIM listed coy?43
12/1/201616:43SKIL PORTS2
31/12/201419:03SKIL Ports & Logistics Ltd696
28/12/201016:12Renesola worth watching for 2011?-

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Trade Time Trade Price Trade Size Trade Value Trade Type
28/09/2016 16:43:2110.0075,0007,500.00O
28/09/2016 15:57:039.506,000570.01O
28/09/2016 15:45:079.7550,0004,875.00O
28/09/2016 15:42:459.515,000475.50O
28/09/2016 15:42:139.555,000477.51O
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Skil Ports & Lg Daily Update: Skil Ports & Lg is listed in the Industrial Transportation sector of the London Stock Exchange with ticker SPL. The last closing price for Skil Ports & Lg was 10.38p.
Skil Ports & Lg has a 4 week average price of 18.41p and a 12 week average price of 24.50p.
The 1 year high share price is 83.50p while the 1 year low share price is currently 6.50p.
There are currently 44,000,000 shares in issue and the average daily traded volume is 727,395 shares. The market capitalisation of Skil Ports & Lg is £4,290,000.
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.
jojaken: Thank you Hatey (8376) for helping us understand why the SPL fell by so much on Friday afternoon. Clearly there wasn’t any insider manipulation etc. behind the fall. It was just there wasn’t anyone buying on the other side of your trades. I was actually mildly surprised you could get your full 90k of share away at all within the day! Unfortunately for management this compelled the statement at the market close. While I’m often cynical of such statements, in this case I am not. There was nothing in the statement that we didn’t already know *expect the size of the shortfall*. We knew it would be large, but had hoped not this large. Now we have a figure. But what would a finished port be worth to the likes of say JNPT? Well SPL have spent very approximately US$150m plus this additional £36m ($50m) for a total of $200m for a functioning port mid next year. Having taken at least eight years to get to this stage, this being India, it would difficult to replicate. So its value lies in how valuable is this port capacity compared to when the port was conceived. By all accounts the port capacity shortage has worsened. So I would argue if a fund raising is difficult, it would be better to sell the port, clear the debt and pass on any cash to the shareholders. With a debt facility of $50m (partially but not fully used yet) that should leave multiples of today’s share price to distribute. All IMHO.
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.
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.
13:34 "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)
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.
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?
14:11 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, ..?)
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 :-)
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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P:33 V: D:20160928 23:57:22