Mercantile Ports & Logis... Share Discussion Threads

[pj 1] 19/8/2021 17:37

Hunch Ventures have indian connections. This is a part of the plan to cover up the fraud and make it look genuine imo. The 4million has probably come from MPL anyway previously allegedly off course.

[waterloo01] 19/8/2021 17:31

Indian banks still effectively own this. Debts will never be paid let alone serviced. Who are the clowns lending £4m unsecured and taking stock?

[pj 1] 19/8/2021 17:26

What a strange statemet from the Chairman

''The safety of our staff and stakeholders is paramount and I believe MPL will come through this a stronger entity.''

'come through this a stronger entity' WTF?

[pj 1] 19/8/2021 17:22

What research have Primary Bid done? Trying to raise for a fraudulent Company @ Private Investors.

Disgraceful

[diku] 19/8/2021 17:19

Wash rinse and spin cycle all over again...


-- Proposed Share Consolidation of every 100 Existing Ordinary Shares of nil par value each into 1 New Consolidated Ordinary Share of nil par value each in the capital of the Company.

[toffeeman] 19/8/2021 17:01

>> waterloo

Thx will pass on fundraise!

[waterloo01] 19/8/2021 16:40

Red flags ahoy. Avoid if you have any sense at all.


The net proceeds of the Transaction will be used to fund the servicing of new and existing contracts, the construction of further storage facilities, debt servicing and general working capital purposes.

[my retirement fund] 30/7/2021 19:41

Looks like they are managing to still keep shareholders in the dark but forewarning them of an equity wipe out with alternative debt.

[seeriktus] 25/7/2021 01:17

Maharashtra has been hit by flooding, including the nearby Mumbai area. Parts of the region's road and electrical infrastructure are reportedly damaged.

I wonder how the river outflows are effecting the site, given how in normal times the current can be quite strong.

hxxps://timesofindia.indiatimes.com/city/mumbai/mumbai-news-live-updates-imd-predicts-heavy-to-very-heavy-rains-in-mumbai-thane-and-palghar/liveblog/84664662.cms

[mount teide] 30/6/2021 10:54

By exercising the lien they have over the assets .......and then by securing a change of use licence for the site; from low value port related activity to high value light industrial, enabling the site to be sold for development as a logistics(warehousing & distribution) park, and the jetty for development as a yacht marina offering permanently floating berths.

AIMHO/DYOR

[my retirement fund] 30/6/2021 10:39

How do you see the banks getting their money back MT ?

[mount teide] 30/6/2021 10:02

Just $1.7m of cash left at the end of May 2021 - totally outrageous!

They laughably claim to have blown through close to $200m (including debt), and all shareholders have got to show for it is a less than half complete, ultra shallow draft 400metre barge handing jetty without any weather protection from the annual 6 month monsoon, together with around 30 acres of part developed storage hardstanding and another 60 acres of yet to be developed reclaimed land!

Our estimate of its current market value is $25m.

AIOHO/DYOR

[mount teide] 24/6/2021 09:13

L2: after opening 4 v 1 / 70p v 75p ...... just house broker CNKS is left on the bid at 0.7p, rest of the MM's have dropped to between 0.65p and 0.50p

[mount teide] 23/6/2021 20:11

F99 - 'When you lost money in 2016 on an IPO'

Carrying out some research worth of the name BEFORE posting can often help to prevent embarrassment.

The £73m IPO was in fact in 2010 - the admission documentation stated the Port Infrastructure would have a 1,000m quay and 200 acres of storage hardstanding.

ITD Cementation won the tender to build the Port to the specification contained in the admission documentation - their winning offer was £57m.

Some 11 years later it is staggering that the IPO investors are still to hold the Company to account for a massive breach of their IPO Admission Documentation and responsibilities - subsequently repeated in two Shareholders Circulars for Placings and Open Offers totalling another £75m, which many of the original IPO II's also cluelessly supported despite having the benefit of advice from industry professionals to avoid like the plague!

They have since lost over 99% of their original investment and over 95% of their subsequent placing investment to date.

AIMHO/DYOR

[pj 1] 23/6/2021 19:33

Traders are not interested in the Company, They care not if it is a fraud or the next Amazon

All they are interested in is the price action

Usually supported by unjustified ramping and equally unjustified or supported attacks on anyone who disagrees with them

As always DYOR.

[mount teide] 23/6/2021 18:58

F99 - you come across as a very poorly researched nickel and dime trader !

You appear not to know you have to be licensed to offer investment advice!

[mount teide] 23/6/2021 18:53

Economics of the Mad House !

For £2.33m of revenue per year MPL is to hand over 50% of their berth quay capacity and 33% of the port storage hardstanding developed to date to a stevedoring company handling ultra low value and revenue generating bulk cargoes!

Circa £165m - Cost of port development to date
Circa £90m - Bank Debt Outstanding (Capital and Interest)

No Port Operator in their right mind would sign a contract handing over such a large part of the Terminal's operating infrastructure for effectively peanuts!

This smacks of complete desperation - a vain attempt to keep the plates spinning and hefty salaries and expenses maintained for as long as possible from the cash remaining from the last placing - little of which, as with the IPO and other placing funds, has been used for the purpose detailed in the Admission and Placing Documentation.

AIMHO/DYOR

[dave4545] 23/6/2021 13:19

It's a total lottery wether you can make money on the spiker.

Especially if they hike up the price.

I was thinking I'll have a bash if I can get 0.67p but straight away no quote online at 0.7p and first quote to buy was around 0.76p for me so I just left it as not worth the risk, looks like it go to around 0.88p to sell so could have made money but it could have easily drifted back to 0.6p as well so no regrets

Once a stock I do not hold is marked up 20%+ I refuse to pay, too many traders around you'll end up getting trapped 99 times out of 100

[figtree99] 23/6/2021 13:13

The new investors, the one’s who bought at the very bottom deserved to invest and hold, you did your due diligence and succeeded where the others lost incl fund managers.

Win or lose you walk away quietly, like men.
Good luck to the winners today.

-spend well, you all deserve it Gents...

[ashleyjv] 23/6/2021 08:12

If you guys can't see the long term value in this share, maybe this investing lark is not for you!

[dave4545] 23/6/2021 08:03

Even if you wanted to play the mm's hike up the price so much it's just not worth the risk, they will only let you buy at a price they want to offload millions of shares for