Mercantile Ports & Logistics Limited (MPL)

Sector:

Commercial Transport

Index:

FTSE AIM All-Share

1.77p
   
  • Change Today:
    -0.033p
  • 52 Week High: 6.00
  • 52 Week Low: 1.45
  • Currency: UK Pounds
  • Shares Issued: 356.31m
  • Volume: 10,207
  • Market Cap: £6.29m
  • RiskGrade: 1,089

Mercantile Ports upbeat after strong fourth quarter

By Josh White

Date: Thursday 22 Dec 2022

LONDON (ShareCast) - (Sharecast News) - Mercantile Ports & Logistics, which is operating and developing a port and logistics facility in Navi Mumbai, Maharashtra, India, announced on Thursday that after a "strong" final quarter of trading, it expected to meet revenue forecasts for the 2022 financial year.

The AIM-traded firm said its facility at Karanja handled around 1.2 million tonnes of various bulk commodities during the year, with the board seeing "strong momentum" going into the next period.

It said it had all the requisite infrastructure and permissions in place to handle container movement and expected to start handling containers in 2023, which would form an additional revenue stream.

"This is the first full year of uninterrupted cargo handling operations at our facility," said chief executive officer Jay Mehta.

"Every month we continue to service new clients, both on a spot and contracted basis."

Mehta said the firm's pipeline for next year looked healthy, which should enable it to build on its successes of 2022.

"Going into 2023, we are excited to be expecting to start handling new commodities including liquid bulk cargo such as base oils and bitumen."

At 1419 GMT, shares in Mercantile Ports & Logistics were up 4.59% at 8.89p.

Reporting by Josh White for Sharecast.com.

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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 1.77p
Change Today -0.033p
% Change -1.85 %
52 Week High 6.00
52 Week Low 1.45
Volume 10,207
Shares Issued 356.31m
Market Cap £6.29m
RiskGrade 1,089

MPL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
42.97% above the market average42.97% above the market average42.97% above the market average42.97% above the market average42.97% 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
90.06% below the market average90.06% below the market average90.06% below the market average90.06% below the market average90.06% below the market average
86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average
Income Not Available
Growth
61.28% above the market average61.28% above the market average61.28% above the market average61.28% above the market average61.28% above the market average
62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% 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 28-Mar-2024

Time Volume / Share Price
10:03 207 @ 1.83p
09:00 10,000 @ 1.90p
09:00 10,000 @ 1.90p

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