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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mercantile Ports & Logistics Limited | LSE:MPL | London | Ordinary Share | GG00BKSH7R87 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.60 | 1.50 | 1.70 | 1.60 | 1.60 | 1.60 | 62,091 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
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 | |
16/4/2018 21:36 | Mount Teide, would you be so kind to answer my questions (an unprecise referal is not enough)? Thanks! | mtilg | |
16/4/2018 12:00 | MTILG - I would refer you to my post dating back to October 2016, which clearly lays bare the case for Fraud by Misrepresentation. The posts include the seven letters of complaint sent to the Nomad together with much of the complaint file sent to AIM Regulation and FSO. | mount teide | |
16/4/2018 11:54 | Shareholder Circular to raise £37m - 31 October 2016 'Your attention is drawn to the letter from the Executive Chairman of the Company which is set out on pages 13 to 24 (inclusive) of this document and which recommends you vote in favour of the Resolutions to be proposed at the General Meeting. Chairman's Letter: '....work on site has continued without material interruption SINCE October 2015 and, subject to securing the Funding, the Directors expect the Facility to be FULLY OPERATIONAL by end of the THIRD QUARTER of 2017.' 'The Facility at a glance: Once completed, the Project Land which WILL comprise approximately 200 acres of RECLAIMED LAND with 1,000 metres of SEA FRONTAGE....' 'Whilst the Directors EXPECT that the Facility will be capable of receiving vessels by the ENDO OF THIS YEAR(2016), the Directors are NOT forecasting revenues from operations until the END OF THE THIRD QUARTER of 2017 when, subject to securing the Funding, the Facility is expected to be FULLY OPERATIONAL.' 'By the END of the SECOND QUARTER of 2017 the Company expects to have: • completed the balance of RECLAMATION WORK; • carried out further ground improvement works; • constructed ALL THE berths, four of which will be capable of receiving vessels • completed the sourcing of all necessary equipment.' FRAUD BY MISREPRESENTATION ON AN INDUSTRIAL SCALE - FROM June 2016 TO Jan 2017 NO LAND RECLAMATION WHATSOEVER OCCURRED DURING THE 5 MONTH MONSOON SEASON. As evidenced by the identical land footprint photo ON THE MPL WEBSITE showing the same perimeter rock boundary to prevent erosion during the monsoon season. YET, THE CASH POSITION BETWEEN June 2016 and Dec 2016 REMAINED IDENTICAL despite the Company raising £37m in October 2016! THE £37M RAISED FROM THE PLACING AND OPEN OFFER DISAPPEARED WITHOUT TRACE WHILE NO LAND RECLAMATION OR BERTH PILING WENT ON IN H2/2016 DESPITE MANAGEMENT FRAUDULENTLY CLAIMING OTHERWISE IN THE PLACING CIRCULAR. The Karanja March 2018 photo shows just 90 Acres OF LAND RECLAIMED - a total of 15 additional acres IN 22 MONTHS SINCE June 2016. AIOHO/DYOR | mount teide | |
12/4/2018 17:13 | Heading for 10p - all onboard? | baner | |
12/4/2018 14:37 | 13:02:55 3.1000 215,937 O 2.9000 3.1000 Buy 14:14:20 2.7500 215,937 O 2.9000 3.1000 Sell someone lost 755 quid on that trade. | phowdo |
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