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% 2.10p 2.00p 2.20p 2.10p 2.10p 2.10p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 0.0 -3.4 -0.8 - 8.69

Mercantile Port Share Discussion Threads

Showing 3176 to 3198 of 3200 messages
Chat Pages: 128  127  126  125  124  123  122  121  120  119  118  117  Older
DateSubjectAuthorDiscuss
16/10/2018
14:13
They can swim stupid. yet another INDIAN DUD best they stick to exporting IDIOTS
hvs
16/10/2018
13:52
Don't mention LAKE, Obviously anything water related needs a very wide berth
pj 1
16/10/2018
13:49
PJ1 maybe we should start hitlist thread, dodgy directors who need a old fashioned kicking. you add ( Stuart black the old lakehouse CEO ) onto the list as well.
igoe104
16/10/2018
13:46
Both need a nice Port to go with them?
pj 1
16/10/2018
13:45
Seems this lot and CAKE have at least one thing in common. Can anyone guess...
phowdo
16/10/2018
13:38
Nikitall Gandhi was well and truly battered some years ago. Within inches reportedly. It didn't alter him though did it? Maybe it even made him more determined to succeed in his chosen vocation!!!
pj 1
16/10/2018
13:35
Unfortunately battering people only gives a very small amount of satisfaction. As not only have you still been conned, and lost the same amount of money, but you now have time to reflect and stew on it even more, whilst surrounded by Bars that do not serve alcohol.
pj 1
16/10/2018
13:28
if I would of lost everything here, (like deepvalueinvestor) id have gone to the channel islands, and battered these conmen. I got out a few years back think I lost 20k overall, hurtful but not that damaging.
igoe104
16/10/2018
13:23
A poster off the BB (maybe others)did attend an AGM. The problem though is it's not easy.(allegedly) Con-men are by nature enigmatic and do their job exceptionally well !!!
pj 1
16/10/2018
13:16
How these bunch of cowboys are allowed to get away with it ? someone needs to go to the AGM and lay them out.
igoe104
12/10/2018
15:53
Karanaja Port has an estimated fantasy world 'carrying cost' of circa $130 million and just $1.08m of cash left. The Mumbai Taj Mahal white glove butler having rode his huge short positions down from 250p is presumably getting ready to exit - its probably just the purist in him of getting every last penny out that is keeping him here as he knows the last 2p is a slam dunk home run at some point during the next 6 months. Saikat - the banks have probably done what i suggested to the largest II's at the time of the £37m placing - paid for a Marine Civil Engineering Consultancy to undertake a cost analysis of the work carried out to date. Our estimate is £25m-£30m which is similar to the amount of Bank Loan drawn down to date. Consequently, it would not surprise if they took one look at the current carrying value and said "no way Jose" when the Mumbai Mamba tried to draw-down further loan funds to keep him living in the luxury lifestyle shareholders have kindly funded over the last decade and of course kept the white gloved butler gainfully employed and updated with information with which to manage his short positions. Considering the current financial position and with no revenue it begs the question from shareholders: how do the shysters intend to clear the gargantuan loan interest/capital liabilities now totalling circa £95 million. As if they care with every last cent nearly gone! Smart work by the banks bringing the guillotine down on these shysters at the value of the assets on the ground - we would have done the same in their position. The II's investors had a chance to avoid losing another £37m but chose to listen to two NON EXECS holding no shipping or ports industry qualifications rather than the combined knowledge of three Industry Professionals each holding the highest qualifications both industries currently examine for, backed up with a combined near 90 years of senior management industry experience. After delivering a 98% loss for shareholders post IPO the two Non Execs with a combined £800k now tucked away safely in their offshore bank accounts decided to call it a day their work now complete for the shysters.
mount teide
28/9/2018
23:10
Will they still be flying 1st class or now cattle class?... Think time for a name change again..
diku
28/9/2018
21:41
PJ - credit where it is due - after 7 years of MPL fraudulently publicising to the world via their website that the Karanja Port Development was going to be a 1,000m fixed quay, all weather port terminal with ship to shore cranes - following a complaint to the Cenkos Compliance Officer, the MPL management were forced to change it rather than face the consequences!
mount teide
28/9/2018
21:13
Totally by chance (and also noted by another poster but I forget who)was a utube video which clearly showed the works on site being staged managed. Working lorries were actually lined up and held ready to be let go, and staff were clearly planted in key positions, some even waving at the drone. All with nice brand new high viz jackets and spotlessly clean hard hats (compare that to some of the footage on site where next to nil H&S clothing is used) Off course the published version of this didn't include this for obvious reasons. The said video was pulled off utube after about 15 minutes, I so wished I'd had the foresight to record in on my iPhone, as words really cannot do it justice when compared to the 'edited' version. And then there is the computer simulation of the modern port as promoted by Cenkos. I believe that has been 'pulled' and amended as well from the original.
pj 1
28/9/2018
20:59
DVI- 'Good to see continued optimism on this board. It’s been extremely painful for long term investors and management have been useless but a glimmer of hope remains. However, we need to see revenues and lots of them...fast!' Told the CEO in 2016 that either the management were completely incompetent or operating an industrial scale fraud - and all the evidence strongly pointed to the latter. Like the II's you cannot say you were not warned - particularly at the time of the £37m placing - where we correctly predicted the Shareholders Circular would prove one of AIM's greatest ever works of fiction. What has gone on since is in our opinion even more scandalous than their previous behaviour - as if that was possible! The Board have be shown to be compulsive liars - where did the £44 million get spent before they had even gained access to the site to commence land reclamation? As i have shown modern small port container terminals have been built in Europe for barely half that amount of money. Why was no land reclamation work going on in the 4 months leading up to and two months following the publication of the Oct 2016 Shareholders Circular? The management arrogantly claimed in the Circular land reclamation and berth development work had progressed without disruption since Oct 2015 and was now accelerating according to the expected completion timetables in the document at a pace many multiples of that ever achieved previously? The reality as the Jan 2017 photographs laughably put on the company website by an either completely incompetent management or one that treated their shareholders, AIM and the market with total contempt showed they had used industrial scale fraud by False Representation with the claims made in the Shareholders Circular? To anyone with industry experience many of the claims were at very best highly misleading, others were outright deception. Why was the fact that they had drawn down and 'spent' circa £20m of the loan facility during early 2014 hidden in the accounts as a loan interest payment falling due over the next 12 months? etc etc The market was fraudulently told the £37 million was needed because the amount of landfill material was going to be greater than first estimated - yet after changing the port design to a small lightweight jetty with inside berth use the total amount of landfill material used to date we estimate is probably not even 40% of the original volume given for the entire 200 acre site! Another easily proven lie of epic proportions - much like the channel dredging nonsense shareholders were fed for years: all of which was conducted by a small crane and grab on a mini pontoon rather than a computer controlled high productivity suction dredger with a more than 100 fold greater performance capability. You don't need to be a Port Development /Shipping expert to work out that a small crane and grab on a mini floating pontoon is not going to be able to dredge a 3 mile heavily silted shipping channel between Mumbai Harbour and Karanja Terminal given fifty years to complete the work never mind two! AIOHO/DYOR
mount teide
28/9/2018
20:16
PJ, I think the point is to be as 'objective' as possible rather than swayed by anything but cold facts. Seems the only way to keep ones head above water on AIM in particular.
waterloo01
28/9/2018
19:24
lol. As an aside, it opens up the argument as to if it is wise or not to ever meet and engage with Directors, or just deal in the known facts and projections on a cold basis. I strongly suspect meeting with these Directors played directly in to their hands, and probably still is doing. Maybe the perfect Con?
pj 1
28/9/2018
19:14
Have to admire your optimism in the face of all known facts. "Cannon to the right of them, cannon to the left of them, cannon behind them,"
waterloo01
28/9/2018
18:19
Good to see continued optimism on this board. It’s been extremely painful for long term investors and management have been useless but a glimmer of hope remains. However, we need to see revenues and lots of them...fast!
deepvalueinvestor
28/9/2018
16:19
3 million plus unloaded at 2.3p has raised £69k - a cool £7.4 million LOSS since entrusting the MPL shysters with their clients retirement savings from IPO! A 99.1% loss in the real world.
mount teide
28/9/2018
14:42
PJ1 - Failure is far too kind - a 10 year 'long con' A long or big con - definition - 'is a scam that unfolds over months or years and involves a team of swindlers, as well as props, sets, extras, costumes, and scripted lines.' Sums up Nik-it-all and his fellow con artists very well according to the Taj Mahal white glove butler.
mount teide
28/9/2018
14:23
Well done phowdo. Its just a log of failure after failure isn't it?
pj 1
28/9/2018
14:16
Here it is PJ hTTps://www.investegate.co.uk/skil-ports--38-logistics--mpl-/rns/directorate-change-and-project-update/201412170700169775Z/ Nikhil Gandhi, Chairman of SPL said "...I am staking my reputation of 25 years on ensuring that we have an operational port, that is fully funded, by the end of 2015" ;)
phowdo
Chat Pages: 128  127  126  125  124  123  122  121  120  119  118  117  Older
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P:32 V: D:20181018 02:23:48