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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mercantile Ports & Logistics Limited | LSE:MPL | London | Ordinary Share | GG00BKSH7R87 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.80 | 5,000 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 1.70 | 1.90 | 1.80 | 1.80 | 1.80 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 08:42:45 | O | 5,000 | 1.7731 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 15/1/2024 | 18:00 | UKREG | Mercantile Ports & Logistics Ltd Director/PDMR Shareholding - Replacement |
| 12/1/2024 | 07:00 | UKREG | Mercantile Ports & Logistics Ltd Director/PDMR Shareholding |
| 10/1/2024 | 13:45 | UKREG | Mercantile Ports & Logistics Ltd Director/PDMR Shareholding |
| 10/1/2024 | 10:07 | ALNC |  IN BRIEF: Mercantile Ports shares fall on short-term Karanja downturn |
| 10/1/2024 | 07:00 | UKREG | Mercantile Ports & Logistics Ltd Trading Update |
| 13/12/2023 | 07:00 | UKREG | Mercantile Ports & Logistics Ltd Change of Nominated Adviser and Broker |
| 24/11/2023 | 07:19 | UKREG | Mercantile Ports & Logistics Ltd Directorate Change |
| 05/10/2023 | 15:00 | UKREG | Mercantile Ports & Logistics Ltd Director/PDMR Shareholdings |
| 29/9/2023 | 12:55 | ALNC | EARNINGS: CMO "not immune" to tough market; Malvern in profit swing |
| 29/9/2023 | 07:00 | UKREG | Mercantile Ports & Logistics Ltd Interim Results |
Mercantile Ports & Logis... (MPL) Share Charts1 Year Mercantile Ports & Logis... Chart |
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1 Month Mercantile Ports & Logis... Chart |
Intraday Mercantile Ports & Logis... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 20/4/2024 | 10:23 | Mercantile Ports and Logistics | 2,280 |
| 13/1/2006 | 13:40 | Montpelier Group | 820 |
| 17/2/2005 | 11:08 | Cash rich MONTPELLIER under priced | 27 |
| 06/2/2005 | 17:41 | what merit in montpelier | 27 |
| 10/12/2004 | 08:16 | Montpellier (MPL) CHEAP. Share price=25.5p,NAV=40-50p,EPS=5-6p,P/E=4-5 | 903 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 16/4/2024 14:20 by mount teide R123 - if you had the faintest idea of how to manage a commercial port operation you would be aware that MPL's equity is totally worthless( has been for many years for the reasons I've posted here), and the single asset the company owns as pointed out by w01, is effectively owned by the banks, since they sensibly have a lien over the port asset.I strongly suspect the Indian banks that extended £50m of loans to MPL will not be able to believe their good fortune, at the news that MPL's 'management' is continuing to pump yet further funds raised from equally clueless Institutional shareholders(who are mostly sitting on massive losses), to further develop the facilities, and thereby raise its value by a few more million.....which I would currently estimate at £20m. This is still some £10m short of the £30m of loan that has been drawdown and 'spent' by the management before the banks put a stop on any further withdrawals - presumably after, as I suggested, they got an independent valuation of the not even 50% of land reclamation and low quality port infrastructure completed since they commenced work on the scam, err sorry, port project in 2015! AIMHO/DYOR |
Posted at 16/4/2024 12:36 by researchcentre123 I think info from 5+ years ago does not reflect the current status. Directors have changed and continued to buy in and NAV per share is an order of magnitude bigger than the share price. I think there could be large upside here |
Posted at 17/3/2024 13:12 by mount teide Karanja Port was fraudulently sold to its IPO investors and banks as a 200 acre port development project that would be built to handle high value, high revenue generating container, project cargo, road trailer, trade vehicle type cargo.An impossibility since the access channel from Mumbai Harbour has a draft restriction preventing ships carrying this type of cargo from reaching the port without running aground at least 3 miles from the terminal's jetty! Karanja can only handle very low volume bulk cargoes like coal arriving in barges and coasters - cargo which attracts ultra low handling revenue per tonne. In the eight months between Jan and August 2023, the port handled 863k tonnes of cargo - equivalent to that which could be loaded into just TWO China-Max dry bulk carriers! Coal handled through the Port of Mumbai currently generates cargo handling revenue of less than £1 a tonne! And don't forget, the results of the last two years will have been greatly boosted by having revenue(with little cost) from the civil engineering company that used Karanja Port as an operating base to build a bridge over Mumbai Harbour. That contract is now finished......so, all MPL has left is the pittance they earn from handling ultra low revenue generating bulk cargo's like coal and fertiliser. This was the hitting out the park 2022 results, £1.80m - Revenue £6.30m - LOSS £43.5m - Debt £25.0m - Debt Interest and Capital Payable over the next 4 years £1.00m - Estimated Cash £1.75m - Market cap To report an £6.30m loss on just £1.8m of revenue is almost as astounding as 'spending' £44m and only having around £2-3m of physical infrastructure to show for it a year prior to commencement of the land reclamation programme in 2015! For those that like a laugh - the market will not have long to wait before the MPL 'management' deign to grace it with the results of their collective efforts in 2023. Sadly for those still holding the stock, MPL's former 'management', both criminals with convictions for industrial scale securities fraud, left behind a bunch of fools to mind the bank's assets. Worth revisiting some of the breathtaking shenanigans the two shysters who originally brought the project to the London AIM casino got up to with shareholders cash and the bank's loans - a link to help refresh memories: A little taster: 'Totally implausible cash burn of circa £44m in the year PRIOR to the start of the Land reclamation work - nearly 2 Brinks Matt heists carried out in broad daylight!. I estimate the cash burn should have been a small fraction of the £44m at circa £3-5m. Totally implausible cash burn AFTER Land Reclamation started - £58m between June 2016 and June 2017, and an astonishing circa £21m during Q4/2016 when no on-site activity whatsoever was going on.' When Jeremy Warner Allen was appointed Chairman in 2019, he said "I truly believe in the potential of MPL and have full confidence that we will deliver a profitable and valuable business to all our stake holders. I have no doubt that the future will be exciting for the Company and I look forward to playing my part in growing the business and the platform as a whole." I have since written to him and asked "what have you been doing for shareholders since joining the Board in 2018?" As I noted, "in common with your predecessor you do not hold any shipping or ports industry professional qualifications or have any first hand senior management experience of either industry. Consequently, as shareholders (one share), currently holding the highest professional qualifications the Shipping and Ports industries currently examine for, and with decades of senior management experience running ports and shipping companies, i'd like to offer some advice in your new role. Suggest you start by appointing a reputable Marine Civil Engineering Consultancy to carry out a cost analysis of the Karanja Port construction work completed to date and then, after pouring yourself a very large brandy, compare the figure with the circa £160m carrying value that is currently in MPL's accounts for this 'asset'. Once you've finished the bottle and sobered up, request the Marine Civil Engineering Consultants to then conduct a forensic audit (and give a professional opinion) on every payment over £10k made to contractors since 2012 - while they're doing that, we suggest you order yourself a case of vintage brandy for when you read the report. Never received a reply ..... the rest as they say is history, with IPO investors now 99.8% down and most subsequent placing investors down by very similar amounts for what is a straightforward low spec real estate development. The clueless II's who collectively gave the shysters £150m over the last decade for 'equity' should be arrested for impersonating fund management professionals. |
Posted at 24/1/2024 14:39 by mount teide R123 - with the greatest respect, I would strongly urge you to carry out some high quality research on MPL and the wider ports and shipping sectors.If you did, you'd quickly establish that MPL's equity is worthless! |
Posted at 17/1/2024 09:49 by researchcentre123 When you look at it you have a new bunch of directors who've taken over and are putting their own money into the business. There have been 2 lots of director buy-ins at this deflated price. That would suggest that they believe that the dip in revenue is temporary and they will succeed in their refinance. If you add in that one director has in recent times put some millions of his own money in this business, and there are loans secured on the buildings suggesting that banks agree with the valuations. That puts assets per share at 15.9 times what it's currently trading for or 25.44 pence per share. This is essentially a start up, just starting to get revenue coming in. Of course it's not all easy, but I take some comfort in the fact that directors themselves have the same interests as shareholders. |
Posted at 10/1/2024 16:15 by realdealy Liberalism great isn't it.Maybe Putin would stop the complete fraud of mpl. Great Britannia won't .bring plenty of lube. |
Posted at 10/1/2024 10:43 by tomboyb Interesting when the whole investor community knew not to give MPL money but was supported regardless -Makes you wonder W I M M H - |
Posted at 12/6/2023 08:27 by mount teide MRF - M&G - Richard Penny - who moved to Crux Asset Management about 2-3 years ago after losing 99% of his circa £15m IPO investment plus further placing cash in MPL.And guess what one of Richard's first investments at Crux was? A shareholding in MPL on the basis of after falling so far, it was in his opinion now a Special Situation 'recovery stock'! The share price is since down massively! I rest my case your honour! Posted 18 months or so ago on here: 'While Richard Penny may be a 'Hall of Fame' Fund Manager, like all of us he is not infallible and can occasionally get it wrong, sometimes spectacularly so. When Richard was at M&G, his fund was one of the two major shareholders in Mercantile Ports & Logistics (MPL). I tried in vain, via a number of long phone calls, to explain that the company was a huge fraud and how I knew. Despite providing overwhelming evidence to support this view, he still went on to take part in a subsequent £37m Placing(after M&G had already put in £15m at the £72m IPO) ...that was supported by a Shareholders Circular I described to him as one of AIM's greatest ever works of fiction, and how I knew. Sadly, the rest is history, the IPO investors who stumped up £72 million are currently 99.8% down, for what is a straightforward real estate investment. At the time shareholders were told by the lying shysters running the company, that the IPO funds were sufficient to ensure the company was fully funded through to completion of the build out and commencement of operations! The company has since raised another £130 million from further placings and bank loans, yet after 12 years this tiny new port development is still not even half complete and has a carrying value in the books of circa £190m. Two industry professionals and myself believe the current value of the work completed to date is around £20-25 million. The banks who lent MPL £49m have a lien over the asset. The former MPL CEO who was re-employed by MPL as a high paid consultant, was arrested in 2019 by the FBI on arrival at JFK airport, and charged with a carrying out a $300 million securities fraud in the US. He is currently out on a 7 $figure Bail awaiting trial. The former MPL Executive Chairman who is still a Non Exec, has a criminal record for industrial scale insider trading and is currently the subject of a number of writs alleging fraud and embezzlement, including one stating he siphoned hundreds of £millions out of a company he previously had executive responsibility for into bank accounts held by him and his family. The company subsequently went in to administration. M&G's original $15m is 99.8% down, and their subsequent placing 'investment' 99.2% down. Incredibly, some 5 years later the scam is still ongoing after the shysters running the company were able to keep the lights on by convincing the clueless II's to support another £47m of equity placings. Latest MPL Interim Results: 'Strong balance sheet with total assets of £148 million (June 2020: £168 million), a debt to equity ratio of 0.47 (June 2020: 0.38) and cash of £1.68 million at 30 June 2021 (June 2020: £ 7.80 million).' Current Market Cap: £6.9m Roy Chubby Brown wants to know where they get their stand-up material from! Link below to Letter sent to the General Council of Cenkos the City Broker who to this day still acts as their NOMAD - one of seven, which went unanswered ...... they didn't even have the courtesy to acknowledge receipt. Shortly afterwards all references to MPL were removed from their website. Most of the content was discussed with Richard, who subsequently decided to listen to the two UK NED's who suggested he was being misled - they resigned a few years later after trousering nearly £1m between them for doing Sweet FA for shareholders.' |
Posted at 02/6/2023 07:53 by mount teide Plumbing new lows daily - market cap now down to £1.35m.With the banks having a lien over the only asset, the heavily loss making business is worthless, like the equity has been for many, many years, to those that understand what has been going on here. The only question left for the purists, is will the final guillotine come down on this fraud before or after the former CEO, who recently pled GUILTY in a US Court to the charge of carrying out a $300m securities fraud(while he was supposedly busting a gut looking after his shareholders interest at MPL), gets to know the length of the sentence he will receive! |
Posted at 27/8/2022 08:39 by mount teide 2021 Annual Report - so the shyster Mahatma after being forced to step down as Chairman continues to shakedown shareholders, trousering another £192k of their funds last year as an Executive Director - more than the clueless CEO and FD put together! For doing what?Incredibly, the Non Exec's based 4,000 miles away continue to trouser nearly double what Non Exec's at Dover Harbour Board, Europe's largest Short Sea Port, get paid! For doing what? Down 99.8% post IPO, the Institutional Investors should be ashamed of themselves for not only letting this £200m racket go on for more than a decade but, for cluelessly continuing to support it with their shareholders funds. Interesting to note, the Port photograph used on the front page of the 2021 Annual Report is, like most everything else about MPL - highly misleading. Once again, despite claiming the 'port' is now 'operational', the MPL management has elected to use a photo of a large container terminal at ANOTHER PORT, rather than a photograph of Karana Port - a tiny, part completed, break bulk terminal capable of handling only very small barges. Where, after 8 years of 'construction', only 45% of the port land has been reclaimed for development, despite raising over £130m of additional funds in placings and debt post the £72m 2010 IPO, on the basis the extra cash was necessary, "to ensure the full 200 acre port project, could be completed, in line with the IPO document" - and that statement came from the NOMAD's representative's mouth in front of other shareholders listening in on the telephone call. The reality is that NONE of that cash was subsequently used for that purpose - just as we predicted at the time! To help Institutional shareholders come back into the real world where the clueless idiots have lost 99.8% of their shareholders funds over the last 12 years, we would urge them to pay circa £15k for a Marine Civil Engineering Consultant to carry out a Cost Analysis on the port project construction work completed to date and for a professional opinion on the current market value of the asset. We would bet serious money that it would finally bring the curtain down in no uncertain terms on one of AIM's longest running farce's(frauds), more commonly known as MPL's 12 year public rogering of its II's - particularly, if you insisted on the management providing every invoice over £10k paid since 2010, for the Consultant to give a professional opinion on(we would pay good money to see that report!) Especially, the $44m that was 'spent' in 2014, when the company could only demonstrate around circa £2m of asset development expenditure at the approach to the site for a small access bridge over a tidal creek! AIOHO/DYOR |
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