The outlook remains positive for Mercantile Ports with stronger revenue generation expected in FY20E. Relationships with pipeline customers are progressing and remaining positive but are taking longer than anticipated to finalise. This is due to the long-term nature of the contracts resulting in both parties looking to ensure favourable terms.
16 Jan 2020
Cenkos: Mercantile Ports & Logistics Ltd -- FY20E Remains Positive
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Cenkos: Mercantile Ports & Logistics Ltd -- FY20E Remains Positive
Mercantile Ports & Logistics Limited (MPL:LON) | 1.8 0 0.0% | Mkt Cap: 6.41m
- Published:
16 Jan 2020 -
Author:
Cavendish Research -
Pages:
5
The outlook remains positive for Mercantile Ports with stronger revenue generation expected in FY20E. Relationships with pipeline customers are progressing and remaining positive but are taking longer than anticipated to finalise. This is due to the long-term nature of the contracts resulting in both parties looking to ensure favourable terms.