Mercantile Ports & Logis... Share Discussion Threads

[mount teide] 02/8/2018 08:52

At 99.2% down post IPO and 80% down post the £37m Fraud by False Representation Placing using AIM's greatest ever work of Fiction "The MPL Shareholders Circular", as predicted, investors now have little if anything left to lose!

Of course, the management's scandalous £25,000 a month white gloved butler serviced expense account now approaching £3m in total expenditure, will soon be celebrating its 10th year anniversary ! Time for another shareholder funded party? Nah - its been one long 10 year party at shareholders expense for the venal management !

There are few certainties in life except death and taxes - let me give you another - that the Management will continue running their £25,000 a month travelling expenses and various other scams until the £150m AIM DISGRACE that is Scam Ports and Logistics meets its certain fate of a Bank takeover of the assets and wipe-out of shareholder's 'investments'!

As suggested 18 months ago - we reckon that H1/2019 is likely to see the final end date - as that is when the bank loan capital repayment and interest payments start to really ratchet up.

AIOHO/DYOR

[my retirement fund] 02/8/2018 08:27

The conclusion of this scam surely cannot be that far away now ?

[phowdo] 02/8/2018 08:15

Debt for Equity swap coming soon.
Why do you think the CEO "lent" the company money - so he still has a small stake once the banks take over the port...
Existing shareholders will be wiped out.

[diku] 02/8/2018 08:08

Fishy port for fisherman?....

[diku] 02/8/2018 08:07

And they will still travel 1st class!!...money growing on trees...

[mount teide] 02/8/2018 07:57

Indian Central Bank raised interest rates again this morning to 6.5%.

MPL on their circa £50m bank loan pay circa 8.5% above base: ie that's circa 15%!

[hvs] 01/8/2018 19:17

lol !!!!

lol !!!!!!!!

Yet another CORRUPT INDIAN DUD

[waterloo01] 01/8/2018 18:59

Load it again. Def 6/6/18. Looks like the fishermen are camping out on the main track next to their boats.

[mount teide] 01/8/2018 18:53

waterloo01 - interesting; i'm still getting 2 March as the latest image on Google Earth.

[waterloo01] 01/8/2018 17:47

I note google earth updates 6 June. lol still looks like a building site with quay still under construction. As monsoon hit doubt much further progress since.

[mount teide] 22/7/2018 23:44

Worth looking back at the 'COO's' cargo throughput prediction for 2018 to a shareholder that visited Mumbai.

I posted at the time in May 2017:

'Jay's prediction of 2.0m tonnes of cargo through the port in 2018 is i'm afraid complete nonsense - completely delusional. (Zero to date!)

Its about as likely as the forecast in the 31st October 2016 Shareholders Circular to raise another £37m that, 180 acres of land will be reclaimed by the end of Q1/2017 and that four berths will be completed with three available to work cargo. (Some 15 months later in July 2018 just 90 Acres has been reclaimed - and they're still working on the jetty berths!)

While all this inactivity was going on the Directors were receiving their eighth year of fees, while the bank interest payment clock continued to tick merrily along at a cool £6.4m a year!

With a board like this who needs enemies?

They're like socialists - ALWAYS RUN OUT OF OTHER PEOPLES MONEY!

[mount teide] 19/7/2018 20:56

'The main taking point currently sweeping the City and Mumbai betting shops is whether there will there be any cargo operations commencing at Karanja BEFORE the MPL management shut down all land reclamation work for another year (what land reclamation work? - there's been none since H1/2017) and start their 6 month monsoon season fully expensed(£25k a month plus Directors Fees) annual holidays?

Rumour has it, the smart money is flooding in for no revenue in H1/2018 according to a highly reliable source that manages the £1,000 a day, white gloved butler serviced meeting rooms at the Mumbai Taj Mahal!' 28th March 2018

Well, it looks like the Mumbai Taj Mahal £1,000 a day white gloved butler got it spot on once again!

The white gloved butler tells me he puts his incredible 100% record of success predicting MPL's appalling operational and financial failures down to assuming every forecast the management makes by RNS is nonsense crafted to mislead and so takes the exact opposite view!


He says the latest claim by management that first cargo will be handled in August is complete nonsense - as he said, what port operator in their right mind would commence cargo operations at the height of the Monsoon season on a lightweight open jetty with NO WEATHER PROTECTION? - at a £150m port serviced by an unlit, heavily potholed gravel track access "road" that routinely floods during the monsoon season which often results in large sections getting washed away, necessitating major remedial work before safe access can again be made. The Butler certainly has a point!

[my retirement fund] 19/7/2018 20:37

Top seceret init so take a hike.

[diku] 18/7/2018 22:38

Maybe the entire site is underwater!...

[pj 1] 18/7/2018 08:13

The no fly zone has been extended to Satellites.

[mount teide] 17/7/2018 21:31

Mumbai has seen an exceptional start to the monsoon season with 66 inches of rain recorded in the first five weeks against an historical average of 89 inches for the entire 4 month monsoon season - early June to early October.

There has been no aerial view photos of the construction and land reclamation work at Karanja put up on the website for EIGHT months!

I wonder why?

[phowdo] 16/7/2018 09:25

India will have to raise interest rates to curb inflation.
Making the debt here completely unmanageable.
There will be a debt for equity swap soon.
It will wipe out existing shareholders.

[mount teide] 16/7/2018 09:16

Now 99.12% down from IPO.

Those 19 shares traded this morning @ 2.2p = 41.8p (less transaction charges), were worth £47.50 at IPO before the fraudsters got to work and rendered them worthless.


We've had the 'Wolf of Wall Street' - Bollywood to make famous MPL's very own 'Mamba of Mumbai Business District!'

"How to turn £100,000 into £880!" - the new Bollywood blockbuster about the life and times of the MPL Scam Artist Crew, led by the 'Mamba', Mumbai's legendary 'Blank Cheque King', the convicted Insider Trader Nikital Gandhi, currently under investigation for the alleged siphoning of tens of $millions from another company he had 'responsibility' for into companies run by him and his his family.

[pj 1] 02/7/2018 12:58

people are wrong about Spreadex. Unless you are using really heavy leverage (which you need to reduce) then the effects will not be massive, and incorporated at each contract rolls over.

The main threat is to FTSE 350 stocks (and above). AIM small caps will not be affected and negligible if risk control has been used.

[papy02] 02/7/2018 11:31

Dave4545

The upside is still (as always) 100% max.

Yes at 2.something p the downside is something to be thought about. Though I don’t “anchor” on 80p. On individual company shorts I try and size so a 10x share price increase wouldn’t wipe >10% off my p/f. With MPL I have modestly exceeded that 1% position size.

MRF, personally I never use leverage, I always deposit the full value of the position (though on short positions I accept I could lose a multiple of that). So the new EU inspired rules don’t really affect me.

All this means I will never be a millionaire from shorting.

[my retirement fund] 02/7/2018 11:18

I was a good customer of Spreadex but they have recently said they are taking away both my credit limit and reducing their leverage ratios to fractions of prior limits.

I have been a customer of theirs since 1997 and never once had a problem with them, nor covering and losses and likewise they have never had a problem with me and always paid me on time too !

I think the days of spread betting are coming to an end for my. End of an era really.

Shame.

[pj 1] 02/7/2018 11:07

Other than that they must need lots of pairs of eyes and binoculars to keep an eye out for Aircraft in the infamous ''no fly zone''

Security staff to make sure no unauthorised (honest) photographs are taken on site

[dave4545] 02/7/2018 11:07

Why risk shorting a share that was once 80p+ at 2p now

I know the case is compelling but the upside is 2p and downside unlimited

[pj 1] 02/7/2018 11:04

No doubt they will have similar to a TCM, and employ a curator for their Art Collection!!!!