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Share Name Share Symbol Market Type Share ISIN Share Description
Mercantile Port LSE:MPL 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
  +0.15p +5.66% 2.80p 2.60p 3.00p 2.80p 2.65p 2.65p 124,573 15:15:36
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 0.0 -3.4 -0.8 - 53.34

Mercantile Port Share Discussion Threads

Showing 3251 to 3272 of 3275 messages
Chat Pages: 131  130  129  128  127  126  125  124  123  122  121  120  Older
DateSubjectAuthorDiscuss
11/1/2019
16:02
diku - a wild shot? The cash burn has never made any sense - £44m prior to the commencement of any land reclamation was a racket worthy of Sepp Blatter's old FIFA or the Mafia - and the best part of £90m more since tells its own story better that we ever could! Current m/c is around our valuation of the work completed to date and the cash raised recently from clueless II's - some of whom were prepared to throw yet more of their investors cash at a company where some have investments 99.2% down from IPO. Einstein described 'madness' as continuing to do the same thing and expecting a different result! Sums up perfectly the behaviour of many of the II's here!
mount teide
11/1/2019
09:02
MT...just a wild shot but is it possible all along the IPO money and other RI money was actually a cash cow for other private/personal projects...
diku
09/1/2019
18:19
A colleague spoke today to Asif Dadarkar, Chairman & Managing Director of the principal Dredging Contractor used by MPL to carry out the berth and channel dredging. Interestingly, the value of his firms entire contract with MPL was worth just £2.4m ITD won the tender to carry out 200 acres of land reclamation and hardstanding development, and berth construction for £57m. Some 5 years later just 95 acres of land has been reclaimed and a small, low cost, lightweight 400m jetty is still yet to be completed - for a cost to date claimed by the company of over £130m. AIOHO/DYOR ps if you would like to speak to Asif Dadarkar - please PM me for his mobile number.
mount teide
08/1/2019
09:46
Fishy port for fisherman ready?...
diku
08/1/2019
09:29
15k max at 3.4p - That is real tight compared to total shares issued -
tomboyb
08/1/2019
08:59
Up on very thin volume - Whats going on with this one -
tomboyb
08/1/2019
08:03
I have dirty admission to make. I bought some at 2.4p. Will sell in short order. Just a trade and not changed my mind on the company
waterloo01
07/1/2019
22:14
Still need a few more zeros on this share price!
deepvalueinvestor
07/1/2019
13:10
It 'appears' someone is interested by the buying, unless its a false impression as the buys are shorts closing? I certainly wouldn't touch a Compnay with a track history such as this has, plus the added 'bonus' of the (still employed?) MD being arrested fraud
pj 1
06/1/2019
22:04
Who is this so called Indian-based trading and stevedoring company?....give us the name so we can cross check!!...
diku
03/1/2019
09:12
One of many reasons why there has not been a single website construction progress photographic or video update for 13 months since December 2017? You be the judge! RNS - 22 December 2017 Contract win MPL, (AIM:MPL), which is developing a port and logistics facility in Mumbai, India, is pleased to announce that it has entered into its second binding customer contract to manage cargo at its facility (the "Contract"). The Contract, which is with an Indian-based trading and stevedoring company, has a seven-year term, and is then extendable by an additional two years. Under the contract, MPL will provide berthing facilities and approximately seven acres of backup land suitable for storage of cargo, which is expected to include pulses, fertilizer and construction materials. The area of backup land will increase as the cargo volume is increased. The Contract envisages a minimum of one million tonnes of cargo in year 1, two million in Year 2 and three million in Year 3. Under the Contract, the customer shall be responsible for all handling operations and the customer will make a substantial capital investment in the facility through the construction of warehouses for storage. The first cargo under the Contract will land once the customer's warehouses have been constructed, WHICH IS EXPECTED TO BE IN THE SECOND HALF OF FEBRUARY 2018. Project update The reclaimed land is being readied with the required finished surfaces for the different cargo types. An initial area, approximately 50 acres, will be completed and available as the necessary back-up land by January 2018, IN TIME FOR THE FIRST CARGO UNDER THE CONTRACT ANNOUNCED ON 20 AUGUST, WHICH IS SCHEDULED TO LAND DURING THE FIRST WEEK OF JANUARY 2018' As we predicted at the time, the 31st October 2016 Shareholders Circular to raise another £37m would prove to be one of AIM's greatest ever works of fiction. The passage of time has shown the above RNS, issued some 14 months afterwards, has all the hallmarks of being year another in a very long line of statements, that look as though they have been carefully crafted to mislead. Further to our previous complaint submission to AIM Regulation and the SFO, we have forwarded this together with a number of other research findings(all checked by an old friend - a Marine Lawyer in the City) which we consider meet the threshold to merit investigation for misrepresentation by the regulatory authorities. AIOHO/DYOR
mount teide
18/12/2018
04:39
According to US Court Filings in April 2018 against the Directors of CHT and Pavin Bakshi - the Nature of the Action is: 'The Plaintiffs are the victims of a large, complex and brazen fraud that was subject to an intricate and deliberate concealment effort perpetrated by their former management.' The Merger and thefts were orchestrated by defendant Parmjit “Paul” Parmar (“Parmar”;), and were implemented through (among other things) looting the Debtors’ assets for his own benefit and the benefit of others, including certain unitholders of the Destra Targeted Unit Investment Trust, a Delaware Statutory Trust (the “Destra Trust”). At all times relevant to this First Amended Complaint, Parmar was Chief Executive Officer (“CEO”) and Chairman of the Board of Directors (the “Board”) of CHT. Parmar controlled CHT through his position as CEO and Chairman of the Board of CHT, his ownership of CHT shares, and his ownership and/or control over the Parmar Shareholder Entities (as defined below), all of whom owned, directly or indirectly, CHT shares. 3. Parmar was assisted in the commission of the acts complained of herein by Sotirios “Sam” Zaharis (“Zaharis̶1;), and Ravi Chivukula (“Chivukula221; and together with Parmar and Zaharis the “Board Member Defendants”). Zaharis was the Chief Financial Officer (“CFO”) and a Director of CHT, and directly benefited as a result of the Sham Acquisitions and the Merger, and Chivukula was the Secretary of CHT and Director of Orion. The Board Member Defendants were also assisted by defendant Pavan Bakshi (“Bakshi”;), who conspired with and assisted the Board Member Defendants in connection with the Sham Acquisitions, and directly benefited as a result thereof and as a result of the Merger.'
mount teide
15/12/2018
14:20
Google for: Pavan Bakshi health fraud EDIT (I didn't have time to do any research when I originally posted): I looked at the Google result "Orion HealthCorp, Inc. Constellation Healthcare Technologies, which is a PDF dated 28 June 2018, which was the court hearing date. The company involved in the alleged fraud is Constellation HealthcareTechnologies, Inc.(“CHT̶1;). I'm not a lawyer, but the document seems to be about restraint orders to prevent monies being further distributed, so they could potentially be seized. There is reference also to criminal proceedings by the DoJ, but our Pavan's name is not mentioned in that context. (Maybe his reported arrest and charging post-dates this document?) Some relevant extracts are: In sum, CHT and its senior management made numerous false statements and gross misrepresentations to CC Capital, CC Holdco,and CHT Holdco in order to fraudulently induce CC Holdco and CHT Holdco to enter into the Merger. ... On or about January 30, 2017, additional Purchase Proceeds were disbursed from the CC Holdco Bank Account, including: ...  $7,843,621.72 to an account in in the name of AAKB Investments Limited, an entity owned by Parmar’s cousin and former CHT director Pavan Bakshi, at Investec Bank Chanel Islands Ltd. in Guernsey; There are other relevant Google results that I didn't have time to understand the US legalese in them. HTH
papy02
15/12/2018
14:04
Guys does anybody know name of Company in the health care sector?...where is the Directorship disclosure... The Company understands that Mr Bakshi was detained, charged and released in the United States in connection with an investigation into securities fraud concerning a company in the healthcare sector,
diku
13/12/2018
15:34
Good news, Jay is finally in charge. I think it’s fair to say that Pavan has not got a large fan base amongst investors. All we need now is....some revenue?!
deepvalueinvestor
13/12/2018
14:21
If he has been charged and then released without bail being imposed, then someone must have made a mistake in the first place. Anyone charged in the USA involving financial matters would need to take a break from work, its no laughing matter. If the SEC need to speak to him, they can do so in the U.S. embassy.Failing that, they could seek his extradition. In the US its often a case where one is found guilty unless proven innocent.
azalea
13/12/2018
14:00
Whatever, he learnt from a Master in Mr NG. Edit@ Wonder if this was actually known while they were raising money?
waterloo01
13/12/2018
13:59
It couldn't be related to Paul Parmar and CHT Constellation health care could it? https://ftalphaville.ft.com/2017/01/26/2177854/the-curious-case-of-constellation-health-and-blackstones-former-top-deal-maker/
pj 1
13/12/2018
13:43
"The board is confident that the strength and depth of the team on the ground in India will ensure that these changes have no impact on the Company's project at Karanja". No strength + no depth = no impact. 100% correct.
effortless cool
13/12/2018
13:42
Why does this not surprise me in the least?
phowdo
13/12/2018
13:34
Will he turn out to be a scapegoat for the MPL missing £millions? It at least looks as if Greed was taking over if true.
pj 1
13/12/2018
13:24
Wow !!The Company has been informed by Pavan Bakshi, Managing Director of the Company, that he wishes to stand down temporarily from his role with immediate effect.The Company understands that Mr Bakshi was detained, charged and released in the United States in connection with an investigation into securities fraud concerning a company in the healthcare sector, completely unrelated to Mercantile Ports. Mr Bakshi denies any wrongdoing but, in order to properly defend the allegations, he has informed the Company of his wish to temporarily step down from the board.
fft
Chat Pages: 131  130  129  128  127  126  125  124  123  122  121  120  Older
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