Mercantile Ports & Logis... Share Discussion Threads

[rumobejo] 09/7/2020 14:59

never understood people who loses their retirement funds and turns into crying bitter widow, markets just about buy or sell, simple as that, smart ones know when to buy and when to sell, the herd will follow along


1p

[rumobejo] 09/7/2020 13:35

In the meantime, the Company can confirm that there is nothing material to add to its announcement of 1 April. India continues to be impacted by COVID-19 and, whilst MPL is not immune from this, it continues to carry out work on site. As previously announced, the first phase of land required by the Tata Projects and Daewoo Engineering Joint Venture was handed over on 1 April, on schedule, with revenue generated from that date. The Company remains confident of handing over the balance of the 25 acre plot by the end of August. Despite lockdown, negotiations continue with potential end-customers of the facility and the Company is hopeful that further contracts can be announced by the end of the monsoon period in September.

Along with many Indian companies, MPL has benefitted from the current payment moratorium on principal and interest from Indian banks and the Company has been prudent in its management of cash. 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. As a result, the Company continues to believe that it has sufficient resources to carry it through the COVID-19 crisis and beyond.

[my retirement fund] 08/7/2020 20:45

When you are dealing with stupid people then there really is no limit to their stupidity. Valuations on the stock market can reach near zero before the entities which they represent vanish. However be aware! That there is no depth that common stupidity of mankind can reach!

[my retirement fund] 08/7/2020 20:41

Never Ever should you be underestimating the stupidity of the stupid!

[marvelman] 08/7/2020 19:04

Papy02....perfect

[escapetohome] 08/7/2020 17:43

Do you bulls have mountteide on filter?

Read the posts.

become acquainted with facts
Become acquainted with the history

[phowdo] 08/7/2020 16:51

Why would you invest in something obviously bent? Unless you believe you can flip it to the next man at a profit before it finally all comes undone?
Or you dont believe its bent at all and that all that money really has been spent building what they have so far and that the banks wont call in the loans. In which case Ive got an interesting proposal for a bridge for sale...

As an aside, I notice Grant Thornton have been fined again for audit failures...

[papy02] 08/7/2020 14:28

Rumobejo

You are trying to pump up a flat tyre

[wasserman] 08/7/2020 14:27

ok you lot bulls and bears what should the price be ?if not bust ae they cheap ?
how can it be a good gamble being short at this level,only so much downside

[rumobejo] 08/7/2020 11:05

marker makers really running on thin air here, every time they drop it to 0.27-0.28p they get hit with buyers right, left and centre then they go NT NT NT

seriously they will be in big trouble when the REAL herd arrives!!!

[rumobejo] 08/7/2020 10:18

i like that 3,608,305 bought on NEX at 0.277p

that's the way to do it

1p

[rumobejo] 08/7/2020 10:10

Along with many Indian companies, MPL has benefitted from the current payment moratorium on principal and interest from Indian banks and the Company has been prudent in its management of cash. 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. As a result, the Company continues to believe that it has sufficient resources to carry it through the COVID-19 crisis and beyond.

[rumobejo] 08/7/2020 10:10

calm down people, this will fly in time...


As previously announced, the first phase of land required by the Tata Projects and Daewoo Engineering Joint Venture was handed over on 1 April, on schedule, with revenue generated from that date. The Company remains confident of handing over the balance of the 25 acre plot by the end of August.

[burtond1] 08/7/2020 06:55

We want to review companies YOU want reviewed.So, which company would you like an independent write up and view on by a respected financial journalist?We will arrange for the most popular to be written up later this week...Do you vote for #HUR #JAY #ORPH or #MPLhttps://twitter.com/tmsreach/status/1280612385091457024?s=21

[escapetohome] 01/7/2020 14:04

Oh dear, not the bounce people were expecting.

And equalling the all time record low.

Oh dear oh dear me.

[escapetohome] 30/6/2020 23:34

the Company has been prudent in its management of cash.