We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mercantile Ports & Logistics Limited | LSE:MPL | London | Ordinary Share | GG00BKSH7R87 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.60 | 1.50 | 1.70 | 1.60 | 1.60 | 1.60 | 50,931 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
09/6/2023 12:49 | How do they do it ? Unbelievable !!!! | bozzy_s | |
09/6/2023 08:32 | This is the UK, this is the place in the world where criminals all around the world flock, this is where you can kill somebody and get released in under 10 years. This is where you can defraud people of millions and get less than 5 years. This is where you can float companies that will never ever make a profit and life a lavish lifestyle paying yourself a fortune while the vast majority of grunts work like slaves for £20k a year. Aim never gets regulated, nobody goes hold on a minute this company has been doing this for 20 years now placing after placing, where is all this money going perhaps we should stop this happening. It's a free for all, no wonder they are queuing around the block to enter ! | dave4545 | |
08/6/2023 16:55 | lol. Seriously. Another placing. I mean, who is still stupid enough to buy this. | mortal1ty | |
03/6/2023 21:29 | When it comes to frauds and scams you are never far away. | kumbuka | |
02/6/2023 21:51 | The opportunity for traders to take a position increases with every sell off. Add on the risk of a pump from the Co to get another placing away or a buy on any rumour from scurilous sources should never detract from the truth Its been a Con for many years SUPPORTED by the LSE, Brokers and advisors. What are the authourities doing to stop this blatant fraud? | pj 1 | |
02/6/2023 07:53 | Plumbing new lows daily - market cap now down to £1.35m. With the banks having a lien over the only asset, the heavily loss making business is worthless, like the equity has been for many, many years, to those that understand what has been going on here. The only question left for the purists, is will the final guillotine come down on this fraud before or after the former CEO, who recently pled GUILTY in a US Court to the charge of carrying out a $300m securities fraud(while he was supposedly busting a gut looking after his shareholders interest at MPL), gets to know the length of the sentence he will receive! | mount teide | |
30/5/2023 13:38 | Another new low - now down 99.86% post IPO.......for a simple fully funded real estate development. However, there is no such thing as a 'SAFE' investment when it was in the hands of two criminals with convictions for securities fraud. | mount teide | |
23/5/2023 09:04 | And people wonder why the London markets are so moribund... | phowdo | |
22/5/2023 20:32 | £1.75m - Market cap £6.30m - 2022 LOSS £43.5m - Debt £25.0m - Debt Interest and Capital Payable over the next 4 years £1.00m - Estimated Cash This bunch of clowns could go on tour with material like that! | mount teide | |
16/5/2023 00:41 | w01 - His mentor 'Mahatma' apparently never now leaves India - allegedly, preferring to bribe his way out of criminal cases brought against him at home, like the industrial scale Insider Dealing charges ........and thumbs his nose at writs served/brought against him from abroad. Narcissist Bakhshi's spectacular fall was the result of being an obnoxious, insufferably arrogant, fluent liar with a hugely overinflated opinion of himself. A long period of incarceration in the US could not happen to a more deserving criminal. | mount teide | |
15/5/2023 20:25 | I'd celebrate if it had been the UK courts or fsa but he's being sentenced for unrelated stuff. The one really needs locking up is ghandi | waterloo01 | |
15/5/2023 15:57 | The MPL shyster's sentencing is set for 25th July 2023 at 11:00 AM in Newark - Courtroom 4A before Judge Madeline Cox Arleo. One for your calendars - have laid down a bottle of fine Champagne to celebrate the occasion! | mount teide | |
26/3/2023 23:05 | How long is he looking at? 15 years? | danmart2 | |
26/3/2023 22:35 | Well well, at a plea agreement hearing held on the 21st March 2023, Pavendeel Bakhshi the shyster previously masquerading as the former Mercantile Ports and Logistics CEO for 10 years has entered a plea of guilty to the charge of carrying out a $300m securities fraud. Sentencing is set for 25th July 2023 at 11:00 AM in Newark - Courtroom 4A before Judge Madeline Cox Arleo. The smug, self serving shyster and now convicted criminal has presumably got himself a plea bargain/reduced sentence in return for dropping his three accomplices in it. Source: District of New Jersey Court | mount teide | |
09/3/2023 09:48 | Indeed. Market Cap of £2.3m for a company with over £30m of debt, and annual Interest and Debt Capital repayments more than twice the market cap. A carrying value in the books of circa £160m for an asset probably worth £15-£20m that could have been built in Europe, never mind India, for about £20-25m. The AIM Regulators should resign and hang their heads in shame at what they have allowed to happen here to Pensioners Savings over the last 13 years......yet, despite over many years being handed all the data/information/red flags as to what has been going on here on a silver salver they have done NOTHING. Moral of this totally unacceptable story? Never rely on a Regulator that is entirely funded by the very industry it has responsibility to regulate on behalf of investors, to look after your best interests! | mount teide | |
07/3/2023 13:43 | Umm. Big brother in da house! | waterloo01 | |
07/3/2023 12:58 | Interesting that all my posts making reference to the former CEO getting arrested and charged by the FBI for carrying out a $300m securities fraud in the US have been removed WITHOUT ADVFN advising me! | mount teide | |
07/3/2023 12:45 | The seller of that 41k share transaction today raised £2.5k, at the London IPO someone paid £1.1m for the shares. The II's against better advice entrusted these shysters with a further £75m of their clients funds in two subsequent placings, supported by a Shareholders circular that were designed to mislead by suggesting a dramatic acceleration in the pace of land reclamation and hardstanding and infrastructure development. The reality is there was virtually ZERO subsequent land reclamation of the outstanding circa 120 acres, that the management and NOMAD's representative said was necessary in order to ensure that the project met the actual project specification made in the IPO Documentation. That the original £72m raised at the IPO was to cover the full 200 acres of land reclamation and yet, after raising and 'spending' nearly £200m in equity and debt, all shareholders have for their money is just 90 acres of very low cost foreshore land reclamation and a small jetty without any weather protection(with a build cost probably lest than £20m) shows the scale of the racket that has been going on here for over 12 years. AIOHO/DYOR | mount teide | |
16/2/2023 12:06 | Nikhil had the connections. He also had an 'empire', though from memory it turned out it was built on sand. He was always good for the money. The surname at one point was almost a guaranteed way in. Until he wasnt......https://w | fft | |
16/2/2023 11:32 | But the bigger question is why banks falling for it?.. | diku | |
16/2/2023 09:46 | fft- certainly a learning curve wasn't it, in many ways, including witnessing the undying belief in any Co some investors can have even when evidence is in front of them to the contrary. Never fall in love I guess was that specific point. The 2nd lesson is never to blindly believe anything any Director tells you behind the scenes. | pj 1 | |
16/2/2023 09:45 | PJ1 - 'I know MT will support me in that the true facts didn't really materialise until a PI funded pilot flew over the area where the port was supposed to be.' That was the canary in the coal mine - and the fact that the site for reclamation could not be developed until a bridge had been built to cross an adjacent tidal creek to enable access for heavy machinery and tipper trucks. After finding buried in the results that £44m had been 'spent' a year before any onsite reclamation activity had even began, and that the reclamation work commenced at the high water mark and only went out to 60% of the distance to the proposed fixed quay line - it was as clear a night following day this was an industrial scale scam. Think of marine land reclamation as a 3 dimensional triangle - if you only recover 60% of the land from the high water line, in effect the amount of material you need is a small fraction of the total material for a terminal with a fixed, all weather quay. The dredging off the jetty and in the approach channel was actually carried out via a small pontoon with a tiny crane equipped with a bucket grab - and was working off the berth for the best part of two years according to management. The amount of actual dredging work that could be completed with this type of equipment is tiny and frankly laughable! Such a service would cost peanuts compared to contracting a purpose built suction dredger(£10-£30m against $500k). Would pay good money to see the invoices that were paid by the management for 'dredging' services. The way many such financial scams work in India by management to siphon money out of quoted companies, is that Company A is massively overbilled by Company B for goods and services. And then Company B pays a massively overbilled invoice from Company C owned by the management of Company A or their families. AIOHO/DYOR | mount teide | |
16/2/2023 08:56 | Fft Remarkable and yet not an isolated case | danmart2 | |
16/2/2023 03:48 | Those were the days ! Reason the pilot couldn't find it was because he was looking for a huge landfill operation and it hadn't started yet !! Old fishing boats were disguising it :-). Always remember a conversation with a shocked NED after sending him the photos. Even funnier was when I hired a private photographer in the area to go and take pictures of the route the trucks were allegedly going in and out of. The bridge that had to be used was not capable. And there were no trucks.... | fft |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions