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
  +0.00p +0.00% 7.375p 7.25p 7.50p 7.375p 7.375p 7.375p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 0.0 -1.1 -2.0 - 30.53

Mercantile Port Share Discussion Threads

Showing 2851 to 2873 of 2875 messages
Chat Pages: 115  114  113  112  111  110  109  108  107  106  105  104  Older
DateSubjectAuthorDiscuss
01/1/2018
13:48
Tick tock hTtps://www.bloomberg.com/news/articles/2018-01-01/forced-insolvencies-to-help-punjab-national-avoid-huge-haircuts The new insolvency law "will give a good message that if you do not meet your financial commitments you will not be able to retain your assets,” Mehta said.
waterloo01
31/12/2017
18:10
Is the fishy port for fisherman ready to go?....
diku
31/12/2017
17:16
A prime candidate for a short then? A total fantasy land from what i have just read. If you took out a short at 8p and then the company was suspended at 8p,and then delisted - would the short actually make any money? Or would you actually loose your short stake money? Not sure on that , as i have never shorted a share.
escapetohome
31/12/2017
16:51
In third world countries much kudos is placed on zeal, contacts, ability to negotiate officials and ‘ having a go’ rather than qualifications and experience. That very much seems to be the case here ,and from what i hear to the extent of fraudulent misrepresentation. I would steer clear of any indian investment, and that is from someone who was raised in india, and who likes the people and the country.
escapetohome
31/12/2017
16:27
Shareholders should bear in mind that the last two British non execs together with the entire executive Board, who delivered a 97.5% post IPO share-price fall, followed by a shamelessly disingenuous emergency placing using documentation containing construction progress expectation claims that were totally fraudulent in a desperate attempt to raise a further £37m from clueless II's, do not hold ANY shipping or ports industry professional qualifications whatsoever! Whereas, my two industry friends and i speak from a position of holding the highest professional qualifications both industries currently examine for and can back it up with a combined 70 years senior management experience across both sectors.
mount teide
31/12/2017
16:08
fft - 'The animation on the front page www.mercpl.com/ is enough to hold them bang to rights. Cranes, 2 entrances/exits, logistics, containers, 25m to storage etc etc. Looks incredibly like the original plans. No cheap Charlie 2 sided jetty to be seen !' Incredibly, the management do not share your view - when i put it to them along with the fact that the website description for the project(a legal requirement) also detailed that the Karanja Port development would comprise a 200 acre terminal with a fixed 1000m all weather quay equipped with ship to shore cranes and had done for the previous seven years - the clueless, current CEO and COO laughably stated that "shareholders should not take as fact that what appears on our website or in promotional videos for the port will be exactly what shareholders will get!" Following a letter of complaint to the Nomad, very shortly afterwards the Project description on the website was removed and replaced with the 400m lightweight, open jetty description.
mount teide
31/12/2017
08:29
Reminds me of another company many years ago, who had pictures on their website of properties they were purporting to be agents on for sale. They probably thought they could get away with it, but one of them was a large hotel which they listed as being in another part of the world to where it actually was. I admit it was unlucky on their part, because who on earth would recognise that the hotel was in Costa do Sauipe in Brazil....unless you had been there! I cannot believe the advisors continue to support such behaviour from the bod.
tiltonboy
31/12/2017
05:02
PJ1, The animation on the front page www.mercpl.com/ is enough to hold them bang to rights. Cranes, 2 entrances/exits, logistics, containers, 25m to storage etc etc. Looks incredibly like the original plans. No cheap Charlie 2 sided jetty to be seen !
fft
29/12/2017
12:37
My heartiest thanks to the utterly mendacious management of MPL. In 2016, after establishing beyond all reasonable doubt the management had repeatedly lied via verbal and written statements i, along with two industry colleagues elected to take a hefty loss and placed the proceeds into a quoted company operating in the mobile advertising sector, which has since been named AIM Company of the year in its sector for 2017. Delighted to report the returns have been spectacular, with Taptica's share-price finishing 2017 at an all-time high in a sector with a huge flood tide behind it - the mobile ad sector has quadrupled in size over the last 10 years and is forecast to continue growing in excess of 20% per annum through to 2022. In MPL's share-price terms the Taptica investment is now equivalent to £1.33, with some analysts forecasting MPL's IPO share-price of £2.50 for 2018. Sadly, those taken in by your lies now need a 19 bagger here just to match our Taptica investment performance to date! So certain are we of MPL being a commercial failure because of the appalling behaviour of the management, we are seriously considering breaking a habit of a lifetime and going short MPL in 2018 but, would prefer to see a few more token management buys before we do - to push the share price up so we can maximise our returns.
mount teide
22/12/2017
15:43
PJ1 - The Port video had the following opening statement with respect to the design of Karanja Port: "The port WILL be an ALL WEATHER PORT" That is as blatant an example of misleading investors as its possible to get. The lightweight open jetty with a single access point at the eastern end is NO such thing and will restrict most if not all dry bulk shipping to just the 7 month dry season. It is simply impossible to handle this type of shipping during the monsoon season without putting the entire ship's cargo at risk to water damage once the hatch covers come off the vessel cargo holds to commence cargo operations. If a Port professional were asked to design a port terminal in a region with a monsoon climate and restricted draft access like Karanja Creek on the Uran peninsula, so as to offer the best prospect of achieving commercial success - the design would mirror the all weather terminal design with the fixed quay put together by Royal Haskoning, as detailed in the Arden Partners 2013 Note. On the other hand if the request was to design a port terminal costing no more than £50m(equal to the bank debt), then what you would end up with is what shareholders are getting at Karanja - a lightweight, low tech weather affected open jetty, serviced with small mobile cranes and grabs, with an average cargo running distance to the open storage compound of 750m. Never mind the port, where is the 100 acre logistics park that Gandhi told shareholders to expect first revenues from by the end of 2014 in an RNS in early 2014? Some 4 years later in late 2017, work to commence the reclaimation of the land to build the logistics park is still yet to begin! The most blatant example of Fraud by False Representation i've seen outside some of Aim's greatest ever frauds like the Globo Plc scam, which saw £100m of shareholders funds disappear like morning mist from the company's bank accounts. Answers on postcard to Aim Regulation and the SFO. AIMHO/DYOR
mount teide
22/12/2017
12:06
I agree, stay away from dodgy India, I certainly got burnt on this one. As MT says the Banks will foreclose when the paucity of business fails to support that 13.5% interest rate. Then a 'rescue' consortium will come along and pick the whole thing up for the price of the Bank debt. I strongly suspect the 'rescue' crew will be very well known to Mr Ghandhi. No point in going insolvent until the thing has been completed, so about 18 months then? I suppose the 1000 claimed metres is both sides of the jetty plus the sheltered quayside. This is effectively a barge port, probably max 5000 tonnes? Perhaps the master plan is to rinse and repeat until Mr Ghandhi has a chain of coastal barge ports?
lefrene
22/12/2017
11:19
I have had a quick look at it seems the (pump) proposed Port simulation video has been removed from the web site.
pj 1
22/12/2017
10:12
Stay away from indian investments. A mountain of hype. Very little substance. You dont need all that analysis of trade. Just stay away.
escapetohome
22/12/2017
09:51
dvi - its very easy to get bums on seats if you target low value cargo which attracts very low port handling and storage rates - since few terminals want to handle it! The type of traffic being contracted to Karanja to date most professional port operators would not have entertained, or considered only when all attempts at attracting much higher revenue generating cargo have been exhausted. Its extremely low value dry bulk cargo, and so can only generate a very low level of handling and storage revenue per tonne handled - compared to handling very high value cargo in deep sea containers at JNPT. Additionally, much of the dry bulk cargo is going to be seasonal - since the revised much lower spec terminal has no berth weather protection to allow handling of this tyre of cargo during the monsoon season, plus there is now a 750 m run to the storage compound compared to a 25m run for a terminal with a fixed all weather quay as in the original design.
mount teide
22/12/2017
09:26
INDIAH , GO there to learn business ethics!!
escapetohome
22/12/2017
09:25
OP - 'HE MADE HIS MONEY BY RENTING LAND TO PEOPLE FOR SHORT LEASES AND AT THE END OF THE LEASE KEPT THE BUILDING !!' You seem to have overlooked one very important point - in this case, the asset Karanja Port reverts back to the MMB the Marine Authority, at the end of the operating lease! If the Karanja port operator is unable to make the terminal a commercial success(a nailed on 100% guarantee), not only will the banks take the asset back but, the 'value' of the operating lease on the terminal when they market it for a trade sale will be extremely low.
mount teide
22/12/2017
09:21
Updated pictures... http://www.mercpl.com/gallery/Photo/site-works---december-21-2017/29
someuwin
22/12/2017
09:15
They actually didn't expect to get bums on seats this quickly so well done Mpl. Wow after a painful 5 years, they are finally getting there. I remain a long term holder but certainly tempted to add now. As always, thanks to MT for keeping us all firmly grounded!!
deepvalueinvestor
22/12/2017
08:58
HAVE ANY OF YOU EVER READ j.j.ASTOR LANDLORD OF NEW YORK ?HE MADE HIS MONEY BY RENTING LAND TO PEOPLE FOR SHORT LEASES AND AT THE END OF THE LEASE KEPT THE BUILDING !! I THINK THIS IS A VERY CLEVER DEAL.NO CAPITAL COST BUT LOTS OF FUTURE BENEFIT
old punter
22/12/2017
08:52
This RNS should/will make extremely disturbing reading for shareholders with any knowledge of the shipping and ports industry. The new contract is to handle shipping and cargo at the very bottom of the ports industry food chain - extremely low value and low handling revenue generating cargo. The type of business typically handled at small little tidal ports on the River Humber - it would not sustain a £20m new build terminal never mind one with a £150m build cost carrying £50m of debt with a 13.5% interest rate. In addition, the client has negotiated with MPL to do all its own cargo handling! Clueless, totally clueless! Its almost as if Ghandi has carefully selected clients/cargo guaranteed to very quickly deliver an operating performance that is guaranteed to be a commercial disaster. So that when the Port fails spectacularly and the banks grab the assets back, they would probably be willing to accept a very low ball offer from a consortium of Indian investors very well known to MPL's existing shareholders. AIMHO/DYOR
mount teide
22/12/2017
07:51
Nope - not currently in this. But watching.
someuwin
22/12/2017
07:47
The port is not going to be able to service its debts with that grade of contract. Another equity raise next year priced at pennies to clear the debt?
phowdo
22/12/2017
07:45
Lol. Hope your not in this one someuwin Customer building own warehouse. Very low value customers.
waterloo01
Chat Pages: 115  114  113  112  111  110  109  108  107  106  105  104  Older
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