Mercantile Ports & Logis... Share Discussion Threads

[dave4545] 23/6/2021 07:44

It would have half a chance had it not been those interest rates on the debt. They have got them reduced to around 9.5% but I'm not sure how much debt they have perhaps £50 mil I'll check later but every year they have to make £5 million a year just to cover the interest.

[diku] 16/6/2021 14:22

Then the fishermen will be very happy to use the port for fishing...

[my retirement fund] 16/6/2021 07:32

May I summarise. The fraud was executed long ago in broad daylight. Now is not the time for the banks to be winding things up, that can wait till next spring. Meanwhile a few years of historical squeaky clean corporate governance and accounting should ensure a problematic corporate restructuring when this charade gets finally wound up.

[waterloo01] 16/6/2021 07:13

Backing of the banks? Hardly, in 6 months it all comes to light when they can't pay them back. The other option is for the banks to take the asset but they wouldn't get anything like the principle returned on that basis. Naturally they use covid as cover.

[ashleyjv] 07/4/2021 08:30

Bought some today, as it's the only trade (So far) it's not too hard to work out how many I bought

[mount teide] 17/2/2021 23:23

Petermac - PRD - an interesting prospect with some decent assets - one I would have looked at further if I were not already overweight in the sector.

[diku] 16/2/2021 13:56

Anybody thinking those recent Director buying was a set up...they might have even sold into this rise...who is to know...

[petermac999] 16/2/2021 13:24

This share makes me smile. Long and hold is my instinct but could not ignore the fabulous insight of mount teide (who I consider the most learned poster across all the boards)and so sold out with a near 50% return. Ended up with a token holding, which keeps me interested. But look at mount teide's figures and reasoning.....how the Hell can they keep this charade going?

Incidently, if you see this mounte teide, do you have any opinion or insight on PRD?

GLA

[dave4545] 16/2/2021 13:03

Mount Tide v tez

One poster a wealth of knowledge on MPL and has saved people more than a 90% loss if they took his advice

tez

A pump and dump merchant...zero research...like all the usual pump and dump suspects
just posts 1p soon 2p soon 3p next

[mount teide] 16/2/2021 12:51

From the data provided the expected REVENUE generated from the first contract will be barely £1m a YEAR, before costs.

No tonnage volumes are provided for the second contract but what we do know is that handling concrete through the Port of Mumbai currently generates the grand stevedoring revenue of circa £0.60 / tonne.

AIMHO/DYOR

[tez123] 16/2/2021 12:17

Now its game on. Next target 1.125

[tez123] 16/2/2021 11:35

Needs to hold .8 first

[tez123] 16/2/2021 11:31

Within the hr

[diku] 16/2/2021 11:23

When the handle?...

[tez123] 16/2/2021 11:17

Lovely bowl forming on the 1yr chart

[richardp19] 16/2/2021 11:02

Once you buy here you will be trapped impossible to sell

[tez123] 16/2/2021 10:45

Should revisit .8 again shortly and push through this time

[tez123] 16/2/2021 10:20

Not till.98

[diku] 16/2/2021 10:20

Maybe the Gamestop parade going on here?...

[dave4545] 16/2/2021 10:13

have you sold yet tez :-))

Did you not read my post I said it will go higher and higher because of fomo.

[wobblywilbur] 16/2/2021 10:13

Looking like Newsflow and pump ahead of the next fund raise perhaps?

[dave4545] 16/2/2021 10:04

pumpers have arrived.

I'm surprised letmepass/shirley is not here.

Hard to stop these stocks in this market with tens of thousands of fomo idiots that have took up this game in the last 12 months chasing anything up 50%+