Mercantile Ports & Logistics Limited (MPL)

Sector:

Commercial Transport

Index:

FTSE AIM All-Share

 6.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 24.00
  • 52 Week Low: 5.50
  • Currency: UK Pounds
  • Shares Issued: 41.50m
  • Volume: 5,624
  • Market Cap: £2.49m
  • RiskGrade: 1,089

Mercantile Ports raises £10m to fund contracts, construction

By Josh White

Date: Friday 20 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Mercantile Ports & Logistics has raised £9.6m before expenses under a placing and subscription, it announced on Friday.
The AIM-traded firm also undertook an offer on the PrimaryBid platform, which closed for participation at 0800 BST on Thursday.

It said that offer raised gross proceeds of £0.5m at 0.45p per ordinary share.

The company would therefore issue and allot a total of 111,614,477 new shares to satisfy the PrimaryBid offer.

"The company will use the funds raised to fund the servicing of new and existing contracts, the construction of further storage facilities, debt servicing and general working capital purposes," its board said in its statement.

At 1446 BST, shares in Mercantile Ports & Logistics were down 18.18% at 0.45p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MPL Market Data

Currency UK Pounds
Share Price 6.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 24.00
52 Week Low 5.50
Volume 5,624
Shares Issued 41.50m
Market Cap £2.49m
RiskGrade 1,089

MPL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
51.48% above the market average51.48% above the market average51.48% above the market average51.48% above the market average51.48% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Price Trend
93.2% below the market average93.2% below the market average93.2% below the market average93.2% below the market average93.2% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
44.40% above the market average44.40% above the market average44.40% above the market average44.40% above the market average44.40% above the market average
64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MPL Dividends

No dividends found

Trades for 24-Mar-2023

Time Volume / Share Price
11:18 624 @ 5.50p
09:06 2,000 @ 5.50p
09:02 3,000 @ 5.50p

MPL Key Personnel

Chair Jeremy Allen

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