Mercantile Ports & Logistics Limited (MPL)

Sector:

Commercial Transport

Index:

FTSE AIM All-Share

1.83p
   
  • Change Today:
      0.033p
  • 52 Week High: 5.25
  • 52 Week Low: 1.45
  • Currency: UK Pounds
  • Shares Issued: 356.31m
  • Volume: 111
  • Market Cap: £6.53m
  • 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 1.83p
Change Today 0.033p
% Change 1.85 %
52 Week High 5.25
52 Week Low 1.45
Volume 111
Shares Issued 356.31m
Market Cap £6.53m
RiskGrade 1,089

MPL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
42.35% above the market average42.35% above the market average42.35% above the market average42.35% above the market average42.35% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average
Price Trend
90.37% below the market average90.37% below the market average90.37% below the market average90.37% below the market average90.37% 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
62.70% above the market average62.70% above the market average62.70% above the market average62.70% above the market average62.70% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_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 25-Apr-2024

Time Volume / Share Price
09:31 93 @ 1.70p
09:31 18 @ 1.90p

MPL Key Personnel

Chair Jeremy Allen

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