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
  -0.05p -1.75% 2.80p 2.60p 3.00p 2.85p 2.80p 2.85p 140,772 09:00:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 0.0 -1.1 -2.0 - 11.59

Mercantile Port Share Discussion Threads

Showing 3026 to 3046 of 3050 messages
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DateSubjectAuthorDiscuss
16/5/2018
22:24
Chinese are hard working people...
diku
13/5/2018
23:57
The new offshore Port of Shanghai, China is now the busiest container port in the world, handling over 40million freight containers a year. To put this in some perspective, the Port of Shanghai on its own now handles more freight containers annually, than: * The top 10 US Container Ports and top UK Container port(Felixstowe) COMBINED * More than the top 7 European Ports COMBINED * More than 6 TIMES the top 3 UK Ports COMBINED * More than 8 TIMES JNPT/Mumbai Phase 1 of Shanghai's new container port was built in the same time(4 years) that MPL has been 'building' Karanja (90 acres part reclaimed to date and a part complete 360m jetty.) In four years at the Port of Shanghai, Chinese engineers reclaimed and developed over 25,000 acres of land for the new port in 20metres of fast flowing tidal waters some 35km offshore and built a connecting sea-bridge to the new port, which has a deep water container quay over 10,000 metres long capable of handling thirty five 300 metre ships at a time. Not difficult to see why the MPL shareprice has dropped 99% since IPO!
mount teide
01/5/2018
08:01
Relax guys. The travelling expenses (subsistence) is budgeted for. I'm sure the BoD can account for every penny spent in that certain area. I'd say its guaranteed its the only budget they have hit their target on.
pj 1
01/5/2018
00:23
Not even worthy of a response, i certainly wont dignify it. Not a single amaoeba of intelligent response.
escapetohome
30/4/2018
23:57
And yet it comtinues year after year, like the European Commision ,squandering money on huge white elephant projects, seemingly without real democratic authority, all done by stealth. SPL certainly took a leaf out of the book of the European Commission. To my mind SPL are the more honest of the two.
escapetohome
30/4/2018
23:53
They are travelling like lords!!...without any business....
diku
26/4/2018
15:01
Just another month to go before the onset of the south west monsoon season or 'management's 6 month annual holiday(8th since IPO)' as it is more commonly known in MPL Institutional Investor circles, where they shamelessly spend £25k a month of shareholders funds on hotel and travelling expenses, which have totalled the incredible sum of £2.5m since IPO. Or as one thoroughly disgruntled ex MPL II remarked " £1,000 a day white gloved butler serviced meeting rooms at the Mumbai Taj Mahal and expensive flights to/from London don't come cheap! "
mount teide
24/4/2018
11:46
Defies logic...the share price is actually UP on that news...where do these "investors" see the investment case...suffice to say seasoned MPL watchers need not answer for fear of splitting their sides with uncontrolled fits of laughter.
marvelman
24/4/2018
11:26
Given the track record here it must be a concern that if the company ever does bring revenues and possible profit they will decide that £10M is too low a cap to be quoted and just take it private.
alanrussell
24/4/2018
11:23
On the basis that it will never generate any fee cash flow then ZERO.
pj 1
24/4/2018
11:17
DOES ANYONE KNOW WHAT THE COMPANY IS WORTH IF THEY OBTAIN ALL PERMITS ?
old punter
24/4/2018
11:14
But if this happens then it could be a nice recovery play but atm I believe in the warnings of posters and will stay clear We are now very close to receiving our first paying vessel. We are proud to be associated with the Sagarmala vision of the Government of India and look forward to both supporting it as well as capitalising on the immense opportunities it presents. I would like to thank the Maharashtra Maritme Board for their continued support."
sweepie2
24/4/2018
09:10
More delays. More excuses. More of the same.
phowdo
24/4/2018
07:31
Seems like theyve been bamboozled at every turn. Not that it matters, no one should be an investor here.
escapetohome
24/4/2018
07:21
Now that's a funny update. Work has almost stopped again and new new excuses. Customs clearance, pipelines.....more of the same
waterloo01
18/4/2018
22:12
Any more coke & sprite left?...
diku
17/4/2018
11:24
Shareholder Circular - Risk factors: 'An investment in the Company is highly speculative in that it is based upon the future prospects of the Facility and the ability of the Directors and the Company management to execute on their plans to develop and construct the Facility' 'No assurances can be given that the Facility will be completed on time, IF AT ALL, and the failure of the Facility would likely result in a LOSS of an investment in the Company.' Estimate of the total funding requirement: 'Whilst the Directors’ anticipate that the Group requires an estimated £36 million by the end of the first quarter of 2017 in order to fund the construction of the Facility to operational completion by, as expected, the end of the third quarter of 2017, this figure is an ESTIMATE based on the current information available to the Company. The Group may require ADDITIONAL FUNDS IN EXCESS of this figure, whether by virtue of cost overruns due to unforeseeable delays in the construction of the Facility or otherwise. There is a risk that there could be further price inflation of the materials required to construct the Facility and/or the Rupee could strengthen against the pound sterling, increasing the total funding requirement. IN ADDITION, there is a risk that alternative sources of any additional funding, if required, may not be available as and when they are required, or on terms acceptable to the Company, or at all, and if not available by the end of the first quarter of 2017 or at all, the Facility may not be capable of completion by, as expected, the end of the third quarter of 2017, or at all. In such circumstances, the Group’s business and the value of any investment in the Company could be significantly diminished.' Management and Nomad are clearly holding out until every last cent is gone. In the meantime they will also be hoping they have done enough to convince clueless UK Fund Managers to give them more money before the banks turn the lights out for good - if the comments of one clueless major II who supported the £37m placing are a reliable guide "if they need more money they should let us know" - Nik-it-all and his crew of seasoned scam artists have plenty of reason to believe it is not a total impossibility. ‘It’s Easier to Fool MPL Institutional Investors Than to Convince Them That They Have Been Fooled’ - Mount Teide with thanks to Mark Twain
mount teide
17/4/2018
10:47
Its worth bearing in mind that one of the reasons cited by management for the additional £37m cash raise was 'greater than anticipated settlement of land reclamation material'. Like everything else about the Karanja project, the passage of time has of course shown this to be complete nonsense - another total misrepresentation. In the civil engineering drawings, the land reclamation material used for the 200 acre development would look like a three dimensional wedge, with the narrow end at the foreshore and the deepest end in the tidal waters closest to the quay. Consequently, the 90 acre's they have reclaimed together with the revised lightweight jetty berth configuration WILL have only required around 30% of the total land reclamation material ORIGINALLY BUDGETED! For which management apparently paid a quarry operator a staggering £9m upfront staged payment years before the first material ever reached the site - i would suggest that shareholders should be asking management when they can expect back a massive £10m+ refund from the quarry operator, since the revised development with its low spec jetty design requires in its current 90 acre form some 70% less quarry material than in the original £57m winning tender for the entire civil engineering construction work for the 200 acre site. The scale of the deception and misrepresentation by management and not checked by the Nomad totally beggars belief. Not surprisingly, reference to the MPL IPO and £37m Placing has been taken down from the Nomad's website - while they quietly continue to shamefully bank their monthly fee, despite the evidence in the public domain (much of it provided by the MPL management - like the Jan 2017 website photo's kindly confirming no land reclamation or berth piling work had been going on for at least 6 months despite the Shareholders Circular claiming it was progressing at record pace!) strongly suggesting they are simply aiding, abetting and perpetuating an industrial scale scam! AIOHO/DYOR
mount teide
16/4/2018
23:15
Did anybody actually trade that move from 4p to 9p...july/aug 2017...would have been a profitable trade...
diku
16/4/2018
22:17
If you need someone to answer those questions i would respectfully suggest you steer clear of single company investment and stick to Managed Funds and/or ETF's. Financial Statements are prepared by MANAGEMENT not by the AUDITORS. RNS NEWS Statements are prepared by MANAGEMENT not by the NOMAD. The job of the Auditor AND Nomad is simply to REVIEW the MANAGEMENT'S WORK. With stock market investment DON'T TRUST ANYBODY AND ANYTHING YOU CAN'T SEE AND RESEARCH! STICK TO SECTORS YOU KNOW AND COMPANIES WITH BUSINESS PLANS YOU CAN UNDERSTAND.
mount teide
16/4/2018
21:55
I don't understand that they spend more money on the port if it is a fraud. They shall maximise the money they can take away in that case, right? THEY NEED TO KEEP THE ILLUSION OF SOMETHING HAPPENING - SPEND £100 SO YOU CAN NICK £200 How much revenue and (negative) free cash flow can they produce at full capacity? ZERO FOR MPL = IT WILL COLLAPSE WELL BEFORRE=E FINISHING Management bought shares a few months ago. Doesn't make sense for a fraud, right? TO GIVE THE ILLUSION ALL IS WELL Why do the banks still give credit (to build the port) if it is a fraud? NOT SURE THEY WILL ANYMORE = FOOL ME ONCE , FOOL ME TWICE
glennborthwick
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