Mercantile Ports & Logistics (MPL) has entered into a binding contract with an India-based company to manage it’s cargo at the Karanja facility. With an initial contractual term of 5 years this, in our view, is the strongest endorsement to date of the commercial application of the port. Reclamation and pile laying continue apace and in line with our forecasts. We maintain our view that, as the current valuation of the Group is minimal relative to the potential upside, the recent weakness in the ....
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Update
Mercantile Ports & Logistics Limited (MPL:LON) | 1.8 0 0.0% | Mkt Cap: 6.41m
- Published:
25 Aug 2017 -
Author:
Cavendish Research -
Pages:
4
Mercantile Ports & Logistics (MPL) has entered into a binding contract with an India-based company to manage it’s cargo at the Karanja facility. With an initial contractual term of 5 years this, in our view, is the strongest endorsement to date of the commercial application of the port. Reclamation and pile laying continue apace and in line with our forecasts. We maintain our view that, as the current valuation of the Group is minimal relative to the potential upside, the recent weakness in the ....