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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 Shares Traded Last Trade
  -0.50 -4.17% 11.50 67,805 15:40:07
Bid Price Offer Price High Price Low Price Open Price
11.00 12.00 12.00 10.50 12.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 1.80 -6.01 -0.23 5
Last Trade Time Trade Type Trade Size Trade Price Currency
15:39:25 O 16,000 12.00 GBX

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27/8/202209:14Mercantile Ports and Logistics 2,174
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Mercantile Ports & Logis... (MPL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-09-29 14:39:2612.0016,0001,920.00O
2022-09-29 14:10:2212.00253.00O
2022-09-29 14:08:4311.0020,0002,200.00O
2022-09-29 14:08:4311.00111.21O
2022-09-29 14:08:3110.0020,0002,000.00O
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Mercantile Ports & Logis... (MPL) Top Chat Posts

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Posted at 29/9/2022 09:20 by Mercantile Ports & Logis... Daily Update
Mercantile Ports & Logistics Limited is listed in the Industrial Transportation sector of the London Stock Exchange with ticker MPL. The last closing price for Mercantile Ports & Logis... was 12p.
Mercantile Ports & Logistics Limited has a 4 week average price of 10.50p and a 12 week average price of 10.50p.
The 1 year high share price is 38.50p while the 1 year low share price is currently 10.50p.
There are currently 41,499,699 shares in issue and the average daily traded volume is 7,118 shares. The market capitalisation of Mercantile Ports & Logistics Limited is £4,772,465.39.
Posted at 27/8/2022 09:14 by mount teide
Latest on Mahatma's old MPL bag carrier, the former CEO(and still highly paid consultant AFAWAA), who was forced to step down a couple of years ago after being arrested and charged on arrival at JFK airport by the FBI for carrying out a $300m securities fraud in the USA, while supposedly busting a gut running MPL! He recently managed to secure his temporary freedom via a $1m bail. Two of his three alleged accomplices are currently fugitives on the run according to US Law Enforcement! AIOHO/DYOR
Posted at 27/8/2022 08:39 by mount teide
2021 Annual Report - so the shyster Mahatma after being forced to step down as Chairman continues to shakedown shareholders, trousering another £192k of their funds last year as an Executive Director - more than the clueless CEO and FD put together! For doing what? Incredibly, the Non Exec's based 4,000 miles away continue to trouser nearly double what Non Exec's at Dover Harbour Board, Europe's largest Short Sea Port, get paid! For doing what? Down 99.8% post IPO, the Institutional Investors should be ashamed of themselves for not only letting this £200m racket go on for more than a decade but, for cluelessly continuing to support it with their shareholders funds. Interesting to note, the Port photograph used on the front page of the 2021 Annual Report is, like most everything else about MPL - highly misleading. Once again, despite claiming the 'port' is now 'operational', the MPL management has elected to use a photo of a large container terminal at ANOTHER PORT, rather than a photograph of Karana Port - a tiny, part completed, break bulk terminal capable of handling only very small barges. Where, after 8 years of 'construction', only 45% of the port land has been reclaimed for development, despite raising over £130m of additional funds in placings and debt post the £72m 2010 IPO, on the basis the extra cash was necessary, "to ensure the full 200 acre port project, could be completed, in line with the IPO document" - and that statement came from the NOMAD's representative's mouth in front of other shareholders listening in on the telephone call. The reality is that NONE of that cash was subsequently used for that purpose - just as we predicted at the time! To help Institutional shareholders come back into the real world where the clueless idiots have lost 99.8% of their shareholders funds over the last 12 years, we would urge them to pay circa £15k for a Marine Civil Engineering Consultant to carry out a Cost Analysis on the port project construction work completed to date and for a professional opinion on the current market value of the asset. We would bet serious money that it would finally bring the curtain down in no uncertain terms on one of AIM's longest running farce's(frauds), more commonly known as MPL's 12 year public rogering of its II's - particularly, if you insisted on the management providing every invoice over £10k paid since 2010, for the Consultant to give a professional opinion on(we would pay good money to see that report!) Especially, the $44m that was 'spent' in 2014, when the company could only demonstrate around circa £2m of asset development expenditure at the approach to the site for a small access bridge over a tidal creek! AIOHO/DYOR
Posted at 14/4/2022 18:22 by mount teide
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!
Posted at 01/3/2022 10:07 by mount teide
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
Posted at 20/2/2022 21:55 by danmart2
Is there a list of all the UK big investors/significant shareholders who got into MPL?
Posted at 21/1/2022 14:17 by danmart2
Has anyone checked the ship tracker website recently to see what activity and what types of ships are using the port? I recommend you do and then ask yourself why is the market cap/share price so high?
Posted at 13/1/2022 08:41 by mount teide
As we move into year 11 of the disingenuous management doing nothing more than losing all their 'investors' money by, lets be generous, impersonating 'Port Developers', here's an idea...... the Board could perhaps use their time more productively by giving Pavin Bakhshi, their former CEO and now highly paid MPL 'Consultant' moral support, by flying out to New York for Pavin's upcoming trail in the US for allegedly carrying out a $300m securities fraud, while he was telling his shareholders he was busting a gut running MPL. Bakhshi will need all the support he can get as the US courts have a 98% conviction rate compared to just 61% in the UK.
Posted at 17/12/2021 10:01 by mount teide
Now down 40% from the recent placing ! Back in late 2016, two shipping and port industry friends and I (all 40 year veterans of the industry with extensive senior management experience) during phone calls lasting hours, explained to the largest II's that they would lose all their clients money and how we knew - they subsequently refused to act on our advice and then compounded the problem by doubling down twice in subsequent Placings. These guys collectively bought £tens of millions at the IPO at £2.50 a share and are now down 99.8% on that 'investment' and 98% on the first placing 'investment', and 90% on the second placing 'investment'. The sharper eyed will note the current market cap of £13m is less than half the bank debt drawn to date before the ever savvy banks, that have a Lien over the 'assets', embarrassingly put a complete stop on any further withdrawals. It is now at a level that is just 40% of our estimation of the current market value of the construction work completed to date! Why did they do that? Answers on a postcard to the Mumbai Fraud squad.
Posted at 24/11/2021 12:00 by mount teide
Former MPL CEO, professional liar and shyster and now highly paid MPL consultant Pavin Bakhshi's jury trial in connection with charges that he and three accomplices carried out a $300m securities fraud in the US, has been scheduled to commence on 15th Feb 2022 before Judge Madeline Cox Arleo. Only Bakhshi and Parmjit Parmar will undertake the jury trial as the other two alleged fraudsters are currently fugitives from justice, hiding from law enforcement!
Posted at 19/9/2021 14:48 by mount teide
Back in 2014 the Management told the market the company website would regularly be updated with progress photographs as construction of the terminal progressed. How's that working out for shareholders who has since been diluted into oblivion - well, despite the 'port development' being in its 8th year of 'construction' and laughably having a claimed carrying 'value' of circa £200m, its still only around 25% developed compared to the much higher specification detailed in the 2010 IPO Document, that was put out in a construction tender won by ITD Cementation with an offer of £57m. Answer: There has not been a single construction photograph posted on the Company website for nearly 4 years! When Jeremy Warner Allen was appointed Chairman he said "I truly believe in the potential of MPL and have full confidence that we will deliver a profitable and valuable business to all our stake holders. I have no doubt that the future will be exciting for the Company and I look forward to playing my part in growing the business and the platform as a whole." In 2019, we wrote to him and asked "what have you been doing for shareholders since joining the Board in 2018?" As we noted, "in common with your predecessor you do not hold any shipping or ports industry professional qualifications or have any first hand senior management experience of either industry. Consequently, as shareholders (one share each), currently holding the highest professional qualifications the Shipping and Ports industries currently examine for, and with decades of senior management experience running ports and shipping companies, we'd like to offer you some advice in your new role. We suggest you start by appointing a reputable Marine Civil Engineering Consultancy to carry out a cost analysis of the Karanja Port construction work completed to date and then, after pouring yourself a very large brandy, compare the figure with the circa £160m carrying value that is currently in MPL's accounts for this 'asset'. After you've finished the brandy bottle and sobered up, request the Marine Civil Engineering Consultants to then conduct a forensic audit (and give a professional opinion) on every payment over £10k made to contractors since 2012 - while they're doing that, we suggest you order yourself a case of brandy for when you read their report." To date we are yet to receive a reply ..... the rest as they say is history, with IPO investors now 99.8% down and most subsequent placing investors down by very similar amounts for what is a straightforward low spec real estate development. By way of comparison ITD Cementation built the World Class, much larger and vastly more complex Mumbai Terminal 4 Container Port ....located just 5km away..... in just TWO years. It went in to operation under budget and ahead of time. hTTps://www.joc.com/sites/default/files/field_feature_image/bharat-mumbai-container-terminals-bmct-jnpt-credit-indian-ministry-shipping-fit.jpg AIOHO/DYOR
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