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Pin to quick picksMercantile Ports & Logistics Share News (MPL)

Share Price Information for Mercantile Ports & Logistics (MPL)

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Share Price: 1.65
Bid: 1.55
Ask: 1.75
Change: 0.00 (0.00%)
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AIM WINNERS & LOSERS: SIMEC Atlantis tumbles on Uskmouth project delay

Thu, 07th Oct 2021 10:52

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Sosandar PLC, up 20% at 30.3 pence, 12-month range 13.2p-36.8p. The online fashion brand reports surge in revenue to GBP12.2 million for six months to September 30, nearly triple that reported a year ago amid a record revenue month in September. Also reports "continued improvement in Ebitda loss". Hasn't experienced any material hit from supply chain disruption and is well stocked for autumn. "Despite the external pressures, with a strong first half and a record start to autumn trading the outlook for Sosandar is very positive. The board therefore expects results for the full year to be in line with market expectations," it says.

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Hardide PLC, up 13% at 35.00p, 12-month range 23.05p-44p. The surface coating technology developer says value of orders received in second half of financial year ended September 30 is GBP2.5 million, up 52% on those received in first half, though significant proportion of this will be recognised as revenue in the start of the 2022 financial year. "The board is looking forward to an improved performance in FY22 and providing further updates on the various exciting projects in progress," Chair Robert Goddard says.

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Sureserve Group PLC, up 12% at 78.55p, 12-month range 45p-100.49p. The compliance and energy services firm expects results for financial year to September 30 in line with management expectations amid "strong growth" in revenue, earnings and cash flow. Order book up more than 30% on the GBP356 million reported at end of previous financial year.

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AIM - LOSERS

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SIMEC Atlantis Energy Ltd, down 36% at 1.475p, 12-month range 1.2p-26.9p. Says Welsh government will now itself decide on permit variation application for the conversion of the Uskmouth power station and has blocked Natural Resources Wales - which had previously indicated that it was minded to award the variation to the permit - from making a determination. Says "further delay" is a blow, and the government is putting project at risk. "SAE will consider all available legal options and will seek to ensure that the Welsh government understands how critical this project is to South Wales, Newport, to key industries and the hundreds of employees whose jobs are at risk," it says.

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Block Energy PLC, down 23% at 1.775p, 12-month range 1.52p-5.59p. Third quarter production is 34.6 million barrels of oil equivalent, down from 42.6 million barrels in the second quarter. "Production during Q3 includes the resumption of production from well WR-16aZ, following successful installation of a sucker rod pump, but this was more than offset by the decline from well WR-38Z," Block explains says.

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Mercantile Ports & Logistics Ltd, down 14% at 31.00p, 12-month range 6.06p-95p. The Indian port and logistics facility developer and operator's revenue for 2020 rises to GBP745,000 from GBP30,000 in 2019, but pretax loss widens to GBP6.1 million from GBP5.0 million.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
15 Feb 2023 15:56

Mercantile Ports shares jump as it handles first Navi Mumbai container

(Sharecast News) - Mercantile Ports & Logistics (MPL) announced the successful handling of the first container freight at its port and logistics facility in Navi Mumbai, Maharashtra, India on Wednesday.

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15 Feb 2023 11:22

Mercantile Ports signs MoU with operator of terminal at major port

(Alliance News) - Mercantile Ports & Logistics Ltd on Wednesday said it has handled its first container freight at its facility in Navi Mumbai, India, and has signed a new memorandum of understanding.

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22 Dec 2022 14:59

Mercantile Ports upbeat after strong fourth quarter

(Sharecast News) - Mercantile Ports & Logistics, which is operating and developing a port and logistics facility in Navi Mumbai, Maharashtra, India, announced on Thursday that after a "strong" final quarter of trading, it expected to meet revenue forecasts for the 2022 financial year.

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22 Dec 2022 14:26

TRADING UPDATES: Hardide confirms annual revenue guidance

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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6 Oct 2022 20:10

TRADING UPDATES: ImmuPharma loss narrows; MetalNRG loss widens

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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30 Jun 2022 13:59

EARNINGS UPDATES: UK Oil & Gas and 7digital post widened losses

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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13 Jan 2022 12:41

Mercantile Ports shares down as 2021 revenue to be lower than expected

Mercantile Ports shares down as 2021 revenue to be lower than expected

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27 Oct 2021 11:10

IN BRIEF: Mercantile Ports & Logistics loss widens in first half

IN BRIEF: Mercantile Ports & Logistics loss widens in first half

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7 Oct 2021 22:08

TRADING UPDATES: Marlowe buys; Galliford snaps up nmcn's Water unit

TRADING UPDATES: Marlowe buys; Galliford snaps up nmcn's Water unit

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20 Aug 2021 13:55

IN BRIEF: Mercantile Ports raises GBP10 million via share placing

IN BRIEF: Mercantile Ports raises GBP10 million via share placing

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20 Aug 2021 10:28

Mercantile Ports raises £10m to fund contracts, construction

(Sharecast News) - Mercantile Ports & Logistics has raised £9.6m before expenses under a placing and subscription, it announced on Friday.

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19 Aug 2021 17:32

IN BRIEF: Mercantile Ports & Logistics to raise GBP9.5 million

IN BRIEF: Mercantile Ports & Logistics to raise GBP9.5 million

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30 Jun 2021 20:32

TRADING UPDATES: Inland Homes loss slims; Velocity outlook optimistic

TRADING UPDATES: Inland Homes loss slims; Velocity outlook optimistic

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23 Jun 2021 11:25

IN BRIEF: Mercantile Ports shares surge on long-term contract

IN BRIEF: Mercantile Ports shares surge on long-term contract

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