Mercantile Ports & Logis... Share Discussion Threads

[my retirement fund] 26/7/2022 15:25

Its due something, like one of the parties going to jail etc

[diku] 26/7/2022 15:21

Must be due for another name change to disguise the company...then another placing...

[danmart2] 15/6/2022 16:44

My money is on the latter

[mount teide] 15/6/2022 11:18

After raising over £200m in equity and debt, to have market cap of just £7m takes a special talent for incompetence that borders on the legendary OR, what you are dealing with is an industrial scale fraud!

You be the judge?

AIOHO/DYOR

[danmart2] 28/4/2022 06:40

Not a lot of activity at the port, not a lot of point commenting about this company

[mount teide] 14/4/2022 17:22

A fool and his money are soon parted !

The buyer of a non-fungible token (NFT) of Twitter co-founder Jack Dorsey's first tweet says he "may never sell it".

Malaysia-based Sina Estavi has compared the digital asset to Leonardo da Vinci's Mona Lisa.

The tweet, which says "just setting up my twttr," was first posted in March 2006 and was auctioned off last year by Dorsey for charity.

Estavi bought the tweet in the form of a NFT in March 2021. NFTs have been touted as the digital answer to collectibles. However, they have no tangible form of their own, and experts have warned about risks in the market.

Last week, Estavi announced that the tweet was up for sale on NFT marketplace OpenSea.

He pledged to donate half the proceeds - which he estimated to be $25m or more - to US charity GiveDirectly.

Estavi's best offer was just over $6,200 (£4,720), about 0.2% of the $2.9m he paid for it.

Ouch!

A bit like owning MPL shares since the London 2010 IPO!

[danmart2] 30/3/2022 10:18

When will they be back with the begging bowl trying to raise more funds for this shocking company?

[danmart2] 08/3/2022 14:03

Shocking ,

The assets are nearer to £5-10mill max

[mount teide] 08/3/2022 10:29

Interim Results:

'Strong balance sheet with total assets of £148 million (June 2020: £168 million), a debt to equity ratio of 0.47 (June 2020: 0.38) and cash of £1.68 million at 30 June 2021 (June 2020: £ 7.80 million).'

Current Market Cap: £6.9m

Roy Chubby Brown wants to know where they get their stand-up material from!

[danmart2] 01/3/2022 10:12

How long before the bank takes over it?
Maybe a better question is how long until the money runs out?

[mount teide] 01/3/2022 10:07

60% down in the 6 months since the 45p Placing and Primary Bid Offer - will the incredibly poorly researched fools laughably masquerading as MPL Institutional Investors ever learn?

L2: 1 v 1 / 18p v 20p

[diku] 22/2/2022 23:00

Wonder if the above list holders take up the IPO and short their own shares via a different vehicle/instruments?...

[mount teide] 22/2/2022 22:35

Major Shareholders - many like M&G have been in since the 250p AIM IPO.

21.8% - Hunch Ventures & Investmetnt Pvt Ltd.
15.0% - M&G Investment Management Ltd.
10.4% - Miton Asset Management Ltd.
9.98% - Karanpal Singh
9.94% - Schroder Investment Management Ltd.
7.75% - Canaccord Genuity Wealth Ltd.
5.16% - Skil Global Ports & Logistics Ltd.
4.45% - Hargreaves Lansdown Asset Management Ltd.
3.81% - Tata Steel Limited
2.60% - Allianz Global Investors GmbH (UK)

[pj 1] 21/2/2022 13:50

Strange you should mention that diku, you may be much more accurate than you realise.

Pavan's alleged co-conspirator in a number of frauds, Paul Pandar, did make movies!!!

[diku] 20/2/2022 23:05

Maybe the site is used for Bollywood movies?...time for another name change...

[danmart2] 20/2/2022 21:55

Is there a list of all the UK big investors/significant shareholders who got into MPL?

[my retirement fund] 20/2/2022 13:58

I recall finding a photo of the little Indian business that had been commissioned to survey the creek shortly after its AIM listing. It was a couple of indians on a home made bamboo and oil drum raft paddling around the river poking a tree branch in to see how deep it was. That photo was soon made to disappear, I guess they paid them off with a back hander to remove the photo. However from that moment on it was obvious it was going to pan out as fraud to me and I warned Simon Gordon who set up the original thread, he soon conceded too. Yea I remember the photo posted of the football pitch and volley pitch, that was when Azalea finally accepted he had been taken in by it and yea I wonder what happened to him as he seemed to vanish after that photo

[waterloo01] 20/2/2022 11:31

So they raised £10m in August at 45p and looks like none of it has gone on the port. The coal storage (which caused a spike up in the share price when announced) is about as low margin and dirty as it gets. Wait for the locals to kick up a stink about all the coal spillage as evidenced on google earth Another raise to fund 'remediation'?

[danmart2] 20/2/2022 11:18

This company is a complete scam; in what world is that port valued so highly?

[ashleyjv] 20/2/2022 10:09

When was google earth updated in that area?