Mercantile Ports & Logistics Limited (MPL)

Sector:

Commercial Transport

Index:

FTSE AIM All-Share

23.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 82.50
  • 52 Week Low: 22.00
  • Currency: UK Pounds
  • Shares Issued: 41.50m
  • Volume: 2,126
  • Market Cap: £9.75m
  • RiskGrade: 1,089
  • Beta: 0.02

Mercantile Ports & Logistics secures new multi-year contract

By Iain Gilbert

Date: Wednesday 23 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Mercantile Ports & Logistics has secured a new multi-year contract with cargo logistics solutions provider Esquire Shipping and Trading and Mumbai-based bulk cargo handler Sai Om Petro Specialties.
MPL said on Wednesday that the contract was for an initial period of ten years, extendable by a further five years and with revenue of approximately £7.0m over the next three-year period.

Under the contract, Esquire and SOPSL will carry out stevedoring and cargo handling services for coal and other bulk cargoes at MPL's Karanja-based port and logistics facility and will utilise 200 meters of berth and approximately 12 acres of land for handling and storage.

Chief executive Jay Mehta said: "As the Covid pandemic slowly but surely abates, we are seeing significant interest from potential customers wanting to utilise our facilities as they re-think logistics and supply chain issues in a post-Covid world. This latest long-term contract is testament to the business we have created on the ground, which we are seeing matches the needs of our customer base."

As of 1025 BST, MPL shares had surged 47.59% to 0.86p.

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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 23.50p
Change Today 0.50p
% Change 2.17 %
52 Week High 82.50
52 Week Low 22.00
Volume 2,126
Shares Issued 41.50m
Market Cap £9.75m
Beta 0.02
RiskGrade 1,089

MPL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.01% above the market average38.01% above the market average38.01% above the market average38.01% above the market average38.01% 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
Price Trend
93.11% below the market average93.11% below the market average93.11% below the market average93.11% below the market average93.11% below the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average
Income Not Available
Growth
25.23% above the market average25.23% above the market average25.23% above the market average25.23% above the market average25.23% above the market average
47.37% above the sector average47.37% above the sector average47.37% above the sector average47.37% above the sector average47.37% above the sector average

MPL Dividends

No dividends found

Trades for 21-Jan-2022

Time Volume / Share Price
09:08 40 @ 22.00p
09:08 2,086 @ 23.96p

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