Mercantile Ports & Logis... Share Discussion Threads

[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

[natty27] 20/7/2020 20:47

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.

[wasserman] 20/7/2020 17:13

BET MR TIEDE DOES NOT AGREE

[natty27] 20/7/2020 16:37

Topped up again, on the bell, to cheap. Easy money, this will double & more, in anticipation of signing off of Karanja...

[natty27] 20/7/2020 14:55

People are starting to cotton on here, 5 mill mcap with 30m cash balance... started generating revenue & about to sign off tawa, blue finish maybe

[laptop15] 20/7/2020 14:48

https://twitter.com/JohnM_AIM/status/1285137444304826368?s=19

[natty27] 20/7/2020 14:16

NT to buy any size now, the herd is coming...

[mount teide] 20/7/2020 11:31

99.9% down post the London IPO - the naivety of some in the investment community never ceases to amaze!

[escapetohome] 20/7/2020 11:30

Its an all time low ?

So if youre a believer, nows the time to buy.

[natty27] 20/7/2020 10:28

This is the buy zone right here... pick them up cheap while it's on no ones radar. I've grabbed a few, as soon as India is out of lockdown this will fly

[spudyoulike] 19/7/2020 19:34

Ok, so the company will be releasing the audited accounts for the period ending 31 December 2019 before the end of July. It will be interesting to see if it has indeed generated any revenue for the contracts signed from RNS's; 25th Aug 2017 - £4.7 million per 1 million tons handled and; 22 Dec 2017 - Indian-Based Stevedoring contract. Both look to be huge contracts that should be generating the company good returns. If true then we should see a pretty decent re-rate on the stock price. If we get a bunch of excuses and no revenue then it could get ugly in the short term. Good Luck all.

[rumobejo] 17/7/2020 13:45

diku, next it

"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."

you gotta read the last rns in full...

[diku] 15/7/2020 21:02

What is next on agenda?...name change again or another RI?...

[laptop15] 14/7/2020 17:04

https://twitter.com/TheOutline11/status/1283018449506230274?s=19