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% 4.875p 4.75p 5.00p 4.875p 4.875p 4.875p 26,900 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 0.0 -1.1 -2.0 - 20.18

Mercantile Port Share Discussion Threads

Showing 2601 to 2624 of 2625 messages
Chat Pages: 105  104  103  102  101  100  99  98  97  96  95  94  Older
DateSubjectAuthorDiscuss
18/8/2017
13:15
I think he may of said these or something similar once as well! Never, never, never give up talking yourself out of making a MPL investment. If you're thinking of an MPL investment - you haven't done enough due diligence I may be drunk, MPL IPO II's, but in the morning i will be sober, and you will still be MPL shareholders sitting on seven year 97% paper loss. II's consider success with an MPL investment, as going from waterfall drop in share price after waterfall drop, without loss of enthusiasm! MPL's II's most brilliant investment achievement was their ability to be able to persuade themselves, that their due diligence should support a further Placing at a 96% discount to the price of their original investment. All the great things in life are simple, and many can be expressed in a single word: freedom, justice, honour, duty, mercy, hope. Sadly, many of the awful things in life require two or more words like Mercantile Ports. The best argument against an MPL investment is either a 5 minute chat with a ex MPL investor or some due diligence worthy of the name. An MPL investment is a philosophy of failure, the creed of ignorance, and the gospel of stupidity, its inherent virtue is the equal sharing of abject shareholder misery. The MPL and Karanja truth is incontrovertible - the management, Nomad, Auditors and Comms Agency may try and defend it, ignorance may deride it, but in the end, there it is - a management crafted, superbly managed investment disaster. AIOHO/DYOR
mount teide
18/8/2017
12:20
--Never in the long history of Port development has so little material been used to give the impression of so much 'asset' work achieved at so little real, rather than reported cost!-- It was Winston Churchill who said that.
orinocor
18/8/2017
11:56
After 6 years experience of MPL's management performance, the £37m Placing and Open Offer, in reality was asking prospective investors one simple question: Either improve your reality(due diligence) or lower your expectations(chance of seeing the return of any of your investment, never mind a return on it)! Amazing, that so many II chose to unwittingly select the later because they could't be bothered to carry out the former to any level worthy of the name. The two largest II's could have jointly shared the circa £6k cost to appoint a Marine Engineering Consultant, to undertake a cost analysis of the work completed to date and to prepare a forecast for the additional expenditure to complete. As we said to the largest II, that circa £6k would in our professional opinion have stopped the £37m Placing and Open Offer directly in its tracks. Instead, it's given management another 2 year extension of its 5 star gravy train and, the opportunity to 'spend' another £37m away from prying eyes, in very much the same way as the previous £95m 'spent' to date, to place aggregate material on mostly 90 acres of foreshore and lay 160 lightweight shallow water piles! For shareholders information - if the current piled jetty under construction, were of a fixed quay wall design, the aggregate material used in the 90 acres of land reclamation to date, would most probably, due to the depth of water, only reclaim around 15 to 20 acres if firstly used to backfill directly behind the quay wall. Never in the long history of Port development has so little material been used to give the impression of so much 'asset' work achieved at so little real, rather than reported cost! AIOHO/DYOR
mount teide
18/8/2017
11:19
Waterloo - 'I've never understood how they could get away with the 'fixed priced' contract. It was this element that got me invested at the time as costs were supposed to be fixed! Fixed is right, but not as I understood it.' Indeed, the principal fact the passage of time has revealed, is that many of Mercantile's RNS and Financial Statements and Placing and Open Offer Documentation, have comments that are a heavily truncated view of reality at best, and some that are nothing less than outright Fraud by False Representation! AIOHO/DYOR
mount teide
18/8/2017
10:59
Nikhil Gandhi - Is there no end to this man's talent for attracting the wrong sort of attention? Its not just the Stock Exchange, Market Regulator and Special Fraud Office that the business activities of Mercantile's white collar criminal Executive Chairman Nikhil Gandhi has got on the wrong side of. Controversy seemed to be the best friend of Everonn Education(since in administration, after it ran out of cash, and its books proved a work of fiction and accounts manipulated according to the other main shareholder at the time Sunni Varkey), when it was run by executives PK Kishore and Nikhil Gandhi. Following, MD Kilshore's high profile arrest in a huge bribery and tax evasion case, its largest shareholder, SKIL Infrastructure immediately came under the taxman's scanner. Nikhil Gandhi's SKIL Infrastructure with a 21 percent stake in Everonn, and largest shareholder of the company at the time, immediately saw its offices become the subject of raids by agents of the Tax Department. Gandhi, who was being touted as the company's next chairman after Everonn's former chairman JJ Irani stepped down, following Kishore's arrest, was told in no uncertain terms that he was now under the watchful eyes of the taxman's scanner. Former chairman Irani was extremely tight lipped about the raids at Nikhil Gandhi's offices and told CNN India at the time he would not want to comment on it. "I thought the company was doing reasonably well. I would have never guessed what Kishore did. As soon as I knew about it, I resigned," he said Not too shabby a list of Prosecuting and Compliance Organisations to have on your case! Stock Exchange - Governance Dept Stock Market Regulator - Insider Trading Dept Special Fraud Office - Serious Crime Branch Indian Tax Authority - Corporate and Income Tax Depts It simply beggars belief, II's have given him £110m to date of their clients retirement funds, and that the Nomad has sponsored him for over 7 years, although sensibly, they no longer wish to publicise this important contract on their website. Ask 100 people in the street whether they would lend money to an individual with such a colourful background, and who is currently the subject of a high level investigation by the SFO after being the recipient of writs alleging the siphoning off, of tens of £millions out of a company he had executive responsibility for, and you would probably get a entirely predictable response - funny how views can often change though when other peoples money is involved! AIOHO/DYOR
mount teide
18/8/2017
10:53
Don't get me wrong. They have misled and lied. They have been caught out numerous times. If a Court of Law supports our view though or not is a different matter. Not including the ''proposed'' ship repair facility.
pj 1
18/8/2017
10:07
PJ, the blame sits with investors believing the lies told by management, not wrong assumptions. They just plain lied about it and why MT is right to go after them
waterloo01
18/8/2017
10:00
I suspect the ''fixed price contract'' did exist, as did the x3 mobilised workforce. Off course SPL as then failed to mention to which project the ''workforce'' had been mobilised on, so the same equation can be applied to any ''fixed priced contract''. At the time we all made ass's of ourselves with the wrong assumptions.
pj 1
18/8/2017
09:53
Yes noticed that at the time. Thought well at least it's mentioned, but agree was very vague. I've never understood how they could get away with the 'fixed priced' contract. It was this element that got me invested at the time as costs were supposed to be fixed! Fixed is right, but not as I understood it.
waterloo01
18/8/2017
09:46
In the photograph above of Adani Port's new Deep Sea Container Terminal 4 - shareholders will note the high strength, fixed 750m quay designed to handle the latest generation 400m+ ultra large container vessels with draughts of 16m+, together with the integrated 90 acre high point loading piled container storage park, allowing stacking of heavyweight containers to heights multiples of that at Karanja. The technical specification(suitably scaled down to handle smaller vessels) is identical to the design Royal Haskoning produced for Karanja, which also had the addition of warehousing close to the quay wall to allow fast and efficient all weather handling of bulk and break bulk cargoes during the annual 4/5 month monsoon season. In fact, for II's that like to reminisce and enjoy nostalgia, the 2010 Royal Haskoning design still adorns the MPL website front page, such is MPL management's scorn and sneering contempt for their shareholders. And to think ITD won the tender process to develop the 200 acre site, using the Royal Haskoning plans as the key documents for the Marine Civil Engineering elements of the proposed terminal, and all for a fixed price of £57m! Ah, those were the days! Looking back, the first real clue that shareholders could be the victims of a potential scam, was when ITD Cementation won the £57m fixed price contract to develop the Port and then quietly announced it to the market as 'Marine Facilities at Karanja.' A hugely vague description of a major contract - giving ITD shareholders no idea whatsoever as to what it entailed. Interestingly, when ITD won the contract for JNPT Terminal 4, it was described as a 'a world class 225 acre container terminal with a 1,000m quay. Likewise, Adani Ports Terminal 4 was described as a 'a world class 90 acre container terminal with 750m quay' AIOHO/DYOR
mount teide
16/8/2017
22:39
For an understanding as to why a port terminal with Karanja's revised specification and totally implausible build cost has zero prospect of being a commercial success - here is a comparison with the recently completed Adani Port Container Terminal 4, which has an almost identical build cost. Cargo handling earning potential from the type of shipping each port has been designed to handle: Karanja: A 3,000 dwt tonne coaster typical of the type of vessel MPL is looking to attract to Karanja - it is capable of carrying around 2,700 tonnes of bulk coal/salt/grain - using a jetty crane and grab, MPL would generate cargo handling revenue of circa £850 for discharging the entire cargo and transporting it the 750m to the storage park. hTTp://www.yachts-global.com/images/SAJDA55.jpg Adani Port: A latest generation 18,000 teu container ship, typical of the type of vessel JNPT Terminal 4 and Adani Ports new deep sea terminal have been built to handle. Handling just one tenth of the container capacity of this ship off(imports) and on(exports), will generate cargo handling revenue of circa £215,000. hTTp://worldmaritimenews.com/wp-content/uploads/2014/07/CMA-CGM-Invests-in-Container-Terminal-in-India1.jpg Adani Ports deep sea container terminal 4 was recently completed and cost £152m to build. hTTp://energyinfrapost.com/wp-content/uploads/2017/04/France’s-CMA-CGM-Adani-Ports-create-joint-venture-to-701x464.png Karanja is not half built and has apparently already cost £95m with an estimated completion cost of £148m.
mount teide
15/8/2017
22:06
Uran Peninsula, Mumbai Harbour - Port Terminal Berth Development Analysis JNPT Container Terminal 4 v Karanja Barge & Coaster Terminal Since June 2016 at JNPT, in 11 MONTHS, principal contractor ITD has laid around 1,800 berth piles in tidal waters up to 21m deep, (an average of 165 berth piles per month). And completed the concrete surfacing of 400m of the 1000m of deepwater quay under construction. Since January 2016 at Karanja, in around 17 MONTHS ITD have laid around 160 berth piles in tidal waters around 4m to 5m deep,(an average of 9 berth piles per month). So ITD at JNPT Terminal 4 have laid more berth piles IN EVERY ONE OF THE 11 MONTHS FROM JUNE 2016 TO MAY 2017, than they managed in all 17 MONTHS SINCE BERTH PILING COMMENCED AT KARANJA, SOME TWO YEARS AFTER EXPECTED? ITD at JNPT Terminal 4, have in 1 year 9 months completed the reclamation of 225 acres of land in tidal water up to 21m deep, laid 1,800 berth piles, completed 400m of berths and two berth linkspan access bridges, and will commence first operations within the two year Operating Concession construction deadline. Data Source: Google Earth and MPL photographs
mount teide
14/8/2017
23:35
Nice find Saucepan. So Sutcliffe and Flight know each other from before Skil/Mercantile? That's interesting. So it's very likely Flight knew what he was getting into. As non-execs this pair have been far, far, far worse than useless since they have lended this fraud credibility. Especially Sutcliffe.
orinocor
14/8/2017
11:14
Saucepan - thanks for the Guardian information - they are probably a better bet than a Labour Politician, such is their dislike of the City and enjoyment at exposing its dirty washing, particularly where a senior Tory is involved.
mount teide
14/8/2017
11:09
Some useful advice from Harry Markopolis on the importance of II's and PI's undertaking quality due diligence prior to getting involved in Placings in cash strapped companies - i would add; particularly, in poorly managed cash strapped companies run by management that have a proven history of being untrustworthy and, a perfect track record of failing to perform). "there's no point refilling the bath until you're absolutely sure the plug is in." As Harry wisely observed - "in these type of companies - a shareholders first loss often proves to be the best loss!" At MPL the II's were apparently given assurances by MPL's untrustworthy management, following the shocking announcement last summer that yet more funds were required, that the plug would be firmly in the Mercantile bath post the £37m placing! How we chuckled at that one - since the previous six years had shown a Bengal tiger never changes its stripes! Sadly, this ever scheming, self serving, thoroughly disingenuous management forgot to tell the II's and PI's that previous RNS and Financial Statements had shot at least 50 unrepairable holes in the bottom of the bath, and that predictably, 3 months after supporting the £37m funding, the Shareholders Circular would prove a similar work of fiction and, with a marksman's perfect aim would shoot a further 25 holes into the Mercantile bath. AIOHO/DYOR
mount teide
13/8/2017
19:01
On the subject of The Guardian, they are always after stories, Mount Teide: hTTps://www.theguardian.com/help/ng-interactive/2017/mar/17/contact-the-guardian-securely
saucepan
13/8/2017
17:45
Howard Flight's name appears here: hTTps://www.theguardian.com/news/2016/apr/04/tory-donors-links-to-offshore-firms-revealed-in-leaked-panama-papers Intriguingly, so does the name Sir Tony Baldry. Baldry is Non-Executive Chairman of Westminster Group, where our good friend James Sutcliffe is a Non-Executive Director. Just coincidental connections or a band of "brothers"? I could not possibly comment. Baldry is a freemason (see his entry in Wikipedia, where there are also, shall we say, "some colourful insights"). I don't know about the others.
saucepan
13/8/2017
17:33
.... this gets better .... so now the conspiracy includes Tory MPs. Just out of interest, anyone ever hear of prejudicing your own case? Little surprise that no person listened to this crack pot .... All in my own humble opinion - No offence intended when I stop laughing .. LOLOLOLOL :)
troll_buster
13/8/2017
12:18
Further to Waterloo's helpful suggestion of approaching the FT (Neil Hume) before MP's return and a written question can be laid down - we are in the process of formally approaching the FT in this connection. Indeed, having the Noble Lord Flight, a highly colourful right wing Conservative Peer and sacked ex Chairman of the Conservative Party appointed to the Mercantile Board last year, presumably in order to use his City contacts to help get the £37m Placing and Open Offer cash raise away, has brought an interesting political dimension to the scandalous Mercantile story, that is perhaps too tantalising to resist exploiting. What do shareholders think about sending our Mercantile file to a Labour MP (not Dianne Abbott! - but possibly John 'The Quartermaster' McDonnell, lawyer Chuckus 'Your' Money, or Yvette "i've got more synthetic indignation faces than a seven headed hydra' Cooper?), to ask embarrassing questions about the Tories and their City friends 'oversight' of UK investors retirement funds? All ideas for the Labour MP who should be approached very welcome!
mount teide
11/8/2017
22:32
troll_buster filtered
mount teide
11/8/2017
21:00
.... anyway Keith95 & troll_buster are the same individual. So feel free to filter 3 people. Time for some more popcorn :)
troll_buster
11/8/2017
19:58
"This is hard work - like educating incompetent teenagers - try your post 691!" Often helpful to refer to a post with some kind of reference clue. I often find that only weak students assume their teachers are mind readers myself :) "Our complaint covers 2013 - 2017, and in particular 2014" But you have only been a shareholder until 2016 so you claim. "He does not understand or have any experience of the Shipping & Ports sector and was the wrong person to have been made responsible for the Mercantile Sponsorship." So, you concede that the wrong Nomad according to you was appointed as Nomad - then you accuse the same person of well, [you fill in the blanks]. ... and you further accuse people of being thick? What industry are you a so called professional in might I ask - or are you currently on strike in Birmingham and hiding away from the smell of garbage by posting on ADVFN?
troll_buster
11/8/2017
18:59
Yasx would be the first to admit he knows little about the Shipping and Ports Industry and was basing his comments purely on a personal belief that all foreign AIM companies should be avoided. Fortunately for us, we exited SPL once the management were proven liars, and rather fortuitously placed the investment funds realised into TAPTICA, which to date has recouped our losses and nearly doubled our original Mercantile investment. Considering that TAPTICA is set to double in size with the announcement this week of the $50m takeover of the bulk of US company Tremor Video's demand-side platform, which will help TAP's major client Facebook among others take on the likes of Google/Youtube, it would not surprise us or many within the mobile ad industry, which is forecast to continue growing at an annual compound rate in excess of 20% for at least the next 5 years - if the investment doubled again over each of the next few years, particularly, should the management elect to go for a Nasdaq listing, which is almost inevitable following this acquisition, since over 80% of their revenue will then come from the US. No investment advice offered, inferred or intended. AIOHO/DYOR
mount teide
11/8/2017
18:28
Damn - I wish I had bought more popcorn! Personally anyone who held after the initial shareholder commissioned pics were published should think about whether they are competent enough to manage their own money. Yasx called it right....can't quite remember who was his biggest critic at the time.........
beeks of arabia
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