Mercantile Ports & Logis... Share Discussion Threads

[natty27] 22/7/2020 11:55

0.40p about to pop

[natty27] 22/7/2020 11:52

Ports don't happen over night... purely on cash this should be valued at 5 times current share price

[waterloo01] 22/7/2020 11:50

lol. Latest is from May. Google earth has a fine function where you can go back in time. You might notice that almost NOTHING has changed on the site for about 2 years.

Edit: not even a crane on site. Some 'port' Ah and don't ask about the service road (single track) or channel depths (not deep enough for anything but a barge).

[wasserman] 22/7/2020 11:49

TURNOVER NOW OVER 90 MILLANY COMMENT MR TIEDE

[wasserman] 22/7/2020 11:45

MR TIED YOU ARE THE EXPERT WHAT DO YOU THINK ?
TURNOVER TODAY OVER 60 MILL

[natty27] 22/7/2020 11:43

I've seen it mate, work is still ongoing, but parts are functional. Been made larger for the big boy freights

[waterloo01] 22/7/2020 11:38

Functioning! Have a look on Google Earth.

[natty27] 22/7/2020 11:36

A functioning port that just signed a 5.5 million contract with billion dollar company Daewoo... hardly ponzi. But I do agree there is many out there in the market.... not this one buddy

[waterloo01] 22/7/2020 11:30

Like all good ponzi schemes, just make sure you are not the one left holding the baby

[natty27] 22/7/2020 11:28

Clearly said that there is numerous contracts in the pipeline with ongoing discussions. Should hear by September, this is a definite hold. Not selling a bean, not even at cash price yet

[jambam] 22/7/2020 11:25

stop listening to idiots and you make more money imo. now sell for .36

[jambam] 22/7/2020 11:24

not so nuts now hey! 1p on the cards

[escapetohome] 22/7/2020 11:21

Well done with your call. Is it sustainable?

We shall see.

[natty27] 22/7/2020 11:15

This should be at 1p just on cash available, big news for India today, poets opening & back in business.

[natty27] 22/7/2020 11:11

You were saying.... haha

[aldoeldo] 22/7/2020 10:51

NEW DELHI: Essar Ports on Tuesday said it has handled 11.23 million tonnes (MT) of cargo in the first quarter of 2020-21 and targets a V-shaped recovery. The company said its cargo handling had dipped to 2.52 MT in April 2020 but green shoots of economic recovery has resulted in boosting its cargo handling in June 2020 to 4.41 MT.

Read more at:

[laptop15] 22/7/2020 10:32

Huge news today....ports in India opening

[laptop15] 22/7/2020 10:31

https://twitter.com/laptop1515/status/1285869522323492865?s=19

[my retirement fund] 22/7/2020 08:27

Nut case ! One born every minute

[natty27] 21/7/2020 22:52

This will do 100 percent minimum from now until September, crazily undervalued, on cash & contracts signed & in ones in the pipeline.

[natty27] 21/7/2020 22:50

Agreed... as you can see this company is in a very strong cash position compared to most other small cap companies listed. Their cash & cash available outweighs their mcap, strong buy imo.

[euclid5] 20/7/2020 20:57

Just to clarify the cash balance - they don't hold £30m in their cash account

"As at 31 May, the Company had approximately £7.6 million of cash, together with access to an additional approximately £10.3 million under its undrawn bank facilities and has approximately £11 million in advanced payments to its main contractors"

[natty27] 20/7/2020 20:49

Additional larger contracts, referred to in previous announcements, are taking longer to negotiate than hoped. Given the long-term nature of these contracts, the Company recognises the importance of agreeing optimum terms, and is prepared to take the necessary time to secure them. The Company can confirm that all discussions that were taking place in 2019 with potential customers continue and remain positive. The Company is confident that these relationships will be converted into contracts