Mercantile Ports & Logistics (MPL) has announce a £27.75m conditional fund raise. The raise is expected to fund the project to completion and we issue forecasts inferring that MPL will achieve profitability in FY19E. After significant investment in developing a competitive advantage, through the elimination of regulatory risk and commencement of operations, we believe that investors stand to benefit from increasing cash flows into the future. MPL trades on an FY20E EV/Sales of 1.8x, which we bel ....
19 Nov 2018
Cenkos: Mercantile Ports & Logistics Ltd - Releasing Revenue
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Cenkos: Mercantile Ports & Logistics Ltd - Releasing Revenue
Mercantile Ports & Logistics Limited (MPL:LON) | 1.6 0 0.0% | Mkt Cap: 5.70m
- Published:
19 Nov 2018 -
Author:
Cavendish Research -
Pages:
19
Mercantile Ports & Logistics (MPL) has announce a £27.75m conditional fund raise. The raise is expected to fund the project to completion and we issue forecasts inferring that MPL will achieve profitability in FY19E. After significant investment in developing a competitive advantage, through the elimination of regulatory risk and commencement of operations, we believe that investors stand to benefit from increasing cash flows into the future. MPL trades on an FY20E EV/Sales of 1.8x, which we bel ....