Mercantile Ports & Logis... Share Price (MPL)

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Share Name Share Symbol Market Type Share ISIN Share Description
Mercantile Ports & Logistics Limited LSE:MPL London Ordinary Share GG00B53M7D91 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  -0.03 -8.11% 0.34 3,637,123 12:54:13
Bid Price Offer Price High Price Low Price Open Price
0.33 0.35 0.36 0.34 0.36
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 0.03 -4.98 6
Last Trade Time Trade Type Trade Size Trade Price Currency
15:27:47 O 8,897 0.35 GBX
Related Shares
Royal Mail (RMG), Bba Aviation (BBA), Gama Aviation (GMAA), Sutton Harbour (SUH)

Mercantile Ports & Logis... (MPL) Latest News

Mercantile Ports & Logis... News

Date Time Source Headline
04/1/202116:41UKREGMercantile Ports & Logistics Ltd Second Price Monitoring Extn
04/1/202116:36UKREGMercantile Ports & Logistics Ltd Price Monitoring Extension
04/1/202114:06UKREGMercantile Ports & Logistics Ltd Second Price Monitoring Extn
04/1/202114:00UKREGMercantile Ports & Logistics Ltd Price Monitoring Extension
29/12/202022:06ALNCUK DIRECTOR DEALINGS SUMMARY: Associate Of Sage Director Buys Shares
29/12/202016:55UKREGMercantile Ports & Logistics Ltd Director/PDMR Shareholding
02/12/202013:51ALNCUK DIRECTOR DEALINGS SUMMARY: Alpha Financial CEO Banks GBP2.4 Million
02/12/202011:06UKREGMercantile Ports & Logistics Ltd Second Price Monitoring Extn
02/12/202011:01UKREGMercantile Ports & Logistics Ltd Price Monitoring Extension
02/12/202007:00UKREGMercantile Ports & Logistics Ltd Director/PDMR Shareholding
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Mercantile Ports & Logis... (MPL) Discussions and Chat

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Date Time Title Posts
20/1/202119:02Mercantile Ports and Logistics 2,003
13/1/200613:40Montpelier Group820
17/2/200511:08Cash rich MONTPELLIER under priced27
06/2/200517:41what merit in montpelier27
10/12/200408:16Montpellier (MPL) CHEAP. Share price=25.5p,NAV=40-50p,EPS=5-6p,P/E=4-5903

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Mercantile Ports & Logis... (MPL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-01-21 15:27:470.358,89731.14O
2021-01-21 15:23:130.33430,8451,424.37O
2021-01-21 15:09:210.33104,135344.27O
2021-01-21 14:00:010.35916,0863,206.30UT
2021-01-21 13:32:040.3560,000209.94O
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Mercantile Ports & Logis... (MPL) Top Chat Posts

DateSubject
21/1/2021
08:20		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 0.37p.
Mercantile Ports & Logistics Limited has a 4 week average price of 0.24p and a 12 week average price of 0.21p.
The 1 year high share price is 1.50p while the 1 year low share price is currently 0.21p.
There are currently 1,905,022,123 shares in issue and the average daily traded volume is 2,028,258 shares. The market capitalisation of Mercantile Ports & Logistics Limited is £6,477,075.22.
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07/1/2021
18:34		pj 1: Except we didn't crash your wedding, you turned up uninvited to our wake. Its normal for human being to give what they take. So, after all you have learned about MPL on this thread in just a few days ( I.E. SHARED BY US), maybe you could share the research you have done on the Company?
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07/1/2021
18:23		figtree99: SI, Wouldn’t get too comfortable with popcorn n marshmallows. Not Tom n Jerry show. I don’t go round crashing other folks weddings that is my point. Far more important and far bigger pressing issues going on out there as i write, that need to addressed than pushing an silly opinion on stocks. Way way more important.. As far MPL is concerned what will be will be.. More folks hang out than our local Costa’s that’s not good for mental health..
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05/1/2021
21:40		figtree99: Your strategy is good. I would just say with all your wealth of worldy knowledge, you should write a book on creating wealth that will assist 1000’s of others and give up the daily stress. Mpl. has managed to buy a “rent free accomodation” in your head. Holding long term grudges clearly is not great for the heart over long term... Let it go my man. But you’re always here, I wouldn’t bother wasting my precious time. I hope you’re not still angry with Blair and the millenium dome losing money 20 years ago? I don’t hold grudges with anyone. What’s done is done.
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05/1/2021
21:18		mount teide: fig - its no great effort.....after decades of running international ship management companies and Ports, I can write management reports/posts in my area of expertise at dictation speed. Learned from long experience that nearly all Brokers Notes - although usually written by articulate people - are usually of very limited value (I could go on tour with the material in Arden partners Analyst Notes on MPL !), since they're written almost universally by Analysts who hold no professional qualifications in, and have no senior management experience of, the businesses of the sectors/companies they cover. That's why two industry friends(BP and Shell veterans) and I stick largely to what we know investment wise ......the long term highly cyclical Global Shipping and Ports industries, and the tied at the hip commodity sectors (O&G/LNG/Industrial Metals); since 90% of all commodities and finished goods at some time see the bottom of a ships cargo hold or tanks, and port terminal storage. It's a strategy that has served us well since 2000.
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05/1/2021
20:50		figtree99: I’ve never creid over spilled milk, you mean seem very disgruntled. I would not spend 4years of my life crying over some money I lost. Better ways to utilise my time and efforts. You could have writen a book. The MPL. investment document was only 68pages, yet you wrote 120pages on MPL.. If i wanted to save somebody 1k, I’d rather do something more substantial in helping others. Imagine the stress of it ll at your age..
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30/12/2020
09:37		diku: Never understood how insiders are able to pick up shares at the bid price while wider shareholders pay the offer price...and here as usual RNS comes out of hours...do they ever work during office/market hours?...
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31/8/2020
16:39		oldbanker: Interesting post, as ever Mount Teide! A question arises: What is the former MD's stake? If you'll forgive a long back-story... Before the 07-08 crisis, lots of managers were looking to list permanent capital vehicles (PCVs) of one sort or another. Fund of Hedge Funds, Structured Credit (especially CDO-squared and CDO-equity), Private Equity, Real Estate, M&A SPVs, Blind Pools, Business Development Companies (BDCs), C-Corps, etc, etc. Hardly mattered what the assets were. AIM was the preferred destination due to the low regulatory bar. As the market got "wise" to the avalanche of toxic waste, IPO investors realised they were the only ones that could effectively decide what should be IPOed vs what should be still-born. Banks/lawyers/auditors etc were all just chasing fees. So investors started applying some pretty simple principles. Managers needed name recognition (think KKR), track record (5+ years of returns with high Sharpe ratios), skin in the game (5-10% of IPO raise, and managers to pay all placement fees, rather than it being taken out of opening NAV), the ability to be fired (termination provisions for externally managed funds) and the inability to charge fees on cash before it was invested and making a return. On top of that, assets had to be already warehoused, legally committed (signed contracts) or uniquely originated. And the portfolio had to be well diversified, BBB minimum, and appropriately levered with AAA repo/bank counterparties. Based on those rules, how did SKIL ever get IPOed? Name recognition? Gandhi. Track record? 0 years. 0 returns Manager skin? ? None. Nil-paid warrants or vested stock doesn't count IPO fees? Taken out of IPO proceeds, hence opening NAV was ~95? Termination provision? None AFAIK Fees on cash? Apparently infinite in the form of T&Es for management. Warehoused assets? Honestly, does MPL even own the asset? (and if so, why is asset value so much in excess of market cap?) Leverage? I hope its zero, but does anyone know? I bet implied rating is way off BBB. Repo/Bank counterparts? Is there a JPMorgan or BOA anywhere to be found? For anyone who wants to DYOR, take a look at the US IPO market and the boom in SPAC issuance in the last 5 years. Ask yourself what the rules of the game are in the US? Look at which (if any) SPACS have made money for investors. Then take a look at AIM. The SKIL/MPL MD joined Bear in 2001 straight from uni. While at Bear, he never ran a fund or a trading book, never made a return, no track record of principal investing, no experience in corporate finance or M&A, no project or leveraged finance, no DCF or other business modelling, etc. Left for Askar at the onset of the financial crisis. Set up their Indian office (i.e. himself on a cell phone from a London hotel). A year later, he's convinced Cenkos he's CEO material for an Indian infrastructure project. Fast forward a decade, he's run out of road with the FBI and SEC, but AIM and SFO (and Crux apparently) are still backing him. Honestly, if this IPO business plan and management team was on Dragon's Den, my 14 year old daughter would shout "I'm Out" at the TV in Duncan Bannatyne's accent... God speed to all!
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31/8/2020
14:57		mount teide: Major Shareholders - Insiders and II's hold 83% of the stock. 21.8% - 414,349,000 - Karanpal Singh 18.2% - 346,934,500 - M&G Investment Management Ltd. 13.2% - 251,522,790 - Schroder Investment Management Ltd. 8.96% - 170,723,310 - Miton Asset Management Ltd. 7.57% - 144,423,953 - Canaccord Genuity Wealth Ltd 5.16% - 98,351, 262 - Nikhil Prataprai Gandhi 4.99% - 95,060,603 - Legal & General Investment Management Ltd 1.73% - 33,000,000 - Allianz Global Investors GmbH (UK) 0.74% - 14,173,913 - CRUX Asset Management Ltd. 0.66% - 12,500,000 - Henderson Global Investors Ltd PI's mostly (wisely) have given it the bargepole treatment since 2014 shortly after the market was told 'construction' of its only asset had commenced - as a result of finding out - from hiring a light aircraft to fly over the 'port' under 'development' - there was no port under development whatsoever at the site, since all access to the site was blocked by a 50 metre wide fast flowing tidal creek that was not bridged until December 2015, to enable construction machinery access. However, further investigation at the time revealed that although access to the foreshore to start the land reclamation did not commence until December 2015, it did not stop management burning through circa £45m of shareholders funds and loan drawdown during the previous 21 months - according to company accounts. On lord knows what, considering this was 80% of the winning tender offer to build the entire 200 acre port development, and all the management had to show for the money was a small bridge with a £2-3 million build cost, on a dirt track access approach road to the area of foreshore selected for land reclamation! One Fund Manager who continued to back the management after being given extremely strong evidence suggesting this could be foolhardy in the extreme, went on to lose a fortune investing in it for L&G. Incredibly, it's since come to light he STILL can't resist grabbing the Mercantile falling knife with his new company's funds, even after losing most of his fingers while at L&G, as a result of finding the MPL management had welded the falling knife to a two tonne anvil! Richard Penny's 2 Penny Stock _ Royal Bank Of Scotland 'This India-focused company lost Richard Penny lots of money while he was at L&G, but he's backing it in his new fund at Crux. Richard Penny’s new venture at Crux is a punchy offering, illustrated perfectly by his backing of a company that he “lost a lot of money on” while at Legal & General. The £10 million Crux UK Special Situations fund, launched on 1 October, will be run in a similar way to his L&G fund – high conviction, long term and with a decent exposure to small caps. Some of his former investments make appearance in his new venture, notably a tiny AIM-listed company called Mercantile Ports & Logistics (MPL). At £8.5 million market capitalisation, it’s a pretty punch call from Penny. “It’s not for widows and orphans,” he says, “but this is a Special Situations fund and it is in a portfolio that is diversified.” Mercantile is an India-focused logistics company, which boasts on its website of having “delivered several ground-breaking, mega infrastructure projects”. These include India’s first ever private sector port and logistics facility, the first private sector railway line and the first private expressway. Today, its operations are focused around the Karanja Port near Mumbai, which it says is a key gateway to trade for eight land-locked states in India. Going forward, it looks to identify other suitable locations to bolster its portfolio of ports and logistics facilities. But it’s had a chequered past. It floated back in October 2010 at 250p, and Penny invested in it during its early history. But its share price chart since IPO is scary viewing. Soon after beginning to build the port, the project saw hit regulatory issues, explains Penny. Those delayed the project substantially, and the share price fell dramatically. Two years ago, Mercantile raised £36 million by issuing new shares priced at just 10p. It came back to the market for more cash earlier this month, placing shares at just 2p. This round has been well backed by institutions, with the likes of Legal & General, M&G, Schroders and Miton, who combined own half of the business, continuing to back the firm. Penny says that’s given him confidence, as has the strength of the management team and board of directors. “We take assurance from that, for all that this is a minority sport, Indian assets on AIM in the UK – and it’s as contrarian as you’d like,” 'There's none so blind as those who will not see' springs to mind! AIOHO/DYOR
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30/6/2020
15:26		rumobejo: TIDM MPL RNS Number : 5908R 30 June 2020 Mercantile Ports & Logistics Limited ("MPL" or the "Company") Accounts Filing Extension and Update MPL announces that it has been granted an extension to the timeline for the filing of its audited accounts for the period ending 31 December 2019 and provides an update. Whilst the audit process is nearly complete, the Company's auditors have informed the Company that the continued lockdown in India due to COVID-19 means that they have been unable to complete their work. The audit is expected to be concluded soon and certainly before the end of July. In the meantime, the Company can confirm that there is nothing material to add to its announcement of 1 April. India continues to be impacted by COVID-19 and, whilst MPL is not immune from this, it continues to carry out work on site. As previously announced, the first phase of land required by the Tata Projects and Daewoo Engineering Joint Venture was handed over on 1 April, on schedule, with revenue generated from that date. 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. Along with many Indian companies, MPL has benefitted from the current payment moratorium on principal and interest from Indian banks and the Company has been prudent in its management of cash. As at 31 May, the Company had approximately GBP7.6 million of cash, together with access to an additional approximately GBP10.3 million under its undrawn bank facilities and has approximately GBP11 million in advanced payments to its main contractors. As a result, the Company continues to believe that it has sufficient resources to carry it through the COVID-19 crisis and beyond.
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28/6/2020
16:22		mount teide: Well well - When an equity investment manager at L&G, Richard Penny's Fund was a major shareholder in Mercantile Ports from IPO at 250p. It subsequently lost the fund an absolute fortune - when he left L&G to start his own CRUX investment fund last November his L&G Mercantile holding was an eye-watering 99.2% down. Despite explaining to Penny back in 2016 how two industry friends and i knew from long telephone calls with the CEO, that he(and the Chairman) were proven liars and totally untrustworthy, he not only elected to ignore the long list of evidence we provided but also our advice not to double down by supporting what we called at the time 'AIM's Greatest Work of Fiction' or as it was more commonly known in the City - the Mercantile Shareholders Circular for the November 2016 £37m Placing. That additional holding is now 97% down! Imagine our surprise to recently read in a Bank of Scotland interview with Penny about his new Investment Fund, that some of his former investments make an appearance in his new CRUX Fund, most notably a tiny AIM-listed company called Mercantile Ports & Logistics (MPL). ' “It’s not for widows and orphans,” he says, “but this is a Special Situations fund and it is in a portfolio that is diversified.” Mercantile is an India-focused logistics company, which boasts on its website of having “delivered several ground-breaking, mega infrastructure projects”. These include India’s first ever private sector port and logistics facility, the first private sector railway line and the first private expressway. Today, its operations are focused around the Karanja Port near Mumbai, which it says is a key gateway to trade for eight land-locked states in India. Going forward, it looks to identify other suitable locations to bolster its portfolio of ports and logistics facilities. But it’s had a chequered past. It floated back in October 2010 at 250p, and Penny invested in it during its early history. But its share price chart since IPO is scary viewing. Soon after beginning to build the port, the project saw hit regulatory issues, explains Penny. Those delayed the project substantially, and the share price fell dramatically. Two years ago, Mercantile raised £36 million by issuing new shares priced at just 10p. It came back to the market for more cash earlier this month, placing shares at just 2p. This round has been well backed by institutions, with the likes of Legal & General, M&G, Schroders and Miton, who combined own half of the business, continuing to back the firm. Penny says that’s given him confidence, as has the strength of the management team and board of directors. “We take assurance from that, for all that this is a minority sport Indian assets on AIM in the UK – and it’s as contrarian as you’d like,” he continues. Penny has invested 40% of the portfolio in FTSE 100 companies and a third in small caps. The rest is in FTSE 250 names, with around 10% in cash. Currently, he’s underweight mid caps due to valuations in that area.' Considering what they knew of the behaviour and performance of the Executive Board, that most of the major II shareholders from the IPO at 250p were involved in both subsequent £37m and £30m placings at a respective 96.0% and 99.2% discount to the IPO price, simply beggars belief! The Karanja Port Project has a management claimed carrying value of circe £160 million, we believe it should be nearer £30 million, and that is being generous! Never has the phrase "A fool and his money are soon parted" been more apt!
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