2016A (‘the period’) was an important year for the Company, with significant progress made across the board. Following the successful £36m equity fundraising in Nov-16, channel dredging is now complete with ~90 acres of land reclaimed (~45% of total acreage), 160/240 piles laid and deck slabs for more than 150 meters of jetty cast. As the current valuation of the Company is minimal relative to the potential upside, the recent weakness in the shares provides an excellent entry point for investors ....
13 Jun 2017
A period of significant progress
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A period of significant progress
Mercantile Ports & Logistics Limited (MPL:LON) | 1.8 0 0.0% | Mkt Cap: 6.41m
- Published:
13 Jun 2017 -
Author:
Cavendish Research -
Pages:
4
2016A (‘the period’) was an important year for the Company, with significant progress made across the board. Following the successful £36m equity fundraising in Nov-16, channel dredging is now complete with ~90 acres of land reclaimed (~45% of total acreage), 160/240 piles laid and deck slabs for more than 150 meters of jetty cast. As the current valuation of the Company is minimal relative to the potential upside, the recent weakness in the shares provides an excellent entry point for investors ....