Highly speculative. A gamble that relies on faith in directors doing what they boast they can do. Building a port on India's west coast on an inlet where they plan to construct a manmade island structure just offshore with short bridge links to it.

The share price has experienced several previous upkicks - which ultimately came to nothing - so this is still a gamble. There may yet be more red tape to trip them up.

--

Remains very much a gamble ..

The price has had upsurges along the way during its downtrend. I won't be convinced that any serious price recovery is underway until the price climbs steadily up through 120p, 130p, 140p, which may not happen until the company website includes coverage of construction progress, which they say they will do from about March this year. Or until some analyst, broker or tipsheet takes an interest.

Moving up strongly, for now at least.

Been watching, but not bought.

spread >5%

Well done, good to see the sp at the Oct 2010 standing for you.

re - Am I the only one in it?

I am in

Some news from last week ........

Shipping Ministry aims to award 42 port projects this year
Eyes 3,200 million tonne capacity at Indian ports by 2020
Shubhashish / Mumbai Jan 08, 2013, 16:25 IST


The Shipping Ministry has decided to aggressively pursue port development in the country and has set a target to award 42 such projects in the current fiscal.

Shipping Minister GK Vasan at a conference said: “In the current year, the Ministry of Shipping has set an ambitious target of awarding 42 new port contracts for a total worth of Rs 15,000 crore.” These new ports will add a capacity of 250 million tonne.

He said that the ministry has set a target to achieve 3,200 million tonne capacity at Indian ports by 2020 and around 2,600 million tonne of it all is planned by 2016-17.

Of the 42 ports projects, 17 have already been awarded and the rest will be undertaken by March 2013.

The minister termed the projects as ‘ambitious’ as over the past few years only 4-5 port projects were being awarded.

Outlining the fund raising for the ports sector, PK Sinha, secretary, Ministry of Shipping said the Finance Ministry has approved a total of Rs 3,000 crore of bond issued by the Jawaharlal Nehru Port Trust (JNPT), Dredging Corporation of India and Ennore Port. JNPT will be raising Rs 2,000 crore and the other two will raise Rs 500 crore each by March, he said.

Mumbai trans-harbour link project gets NOC from JNPT

Minister of State for Shipping Milind Deora said that JNPT has given a no-objection certificate (NOC) to Maharashtra government for the Mumbai trans-harbour link project and the work will now be taken up soon.

The project is about providing greater connectivity between Mumbai and the future new airport in Navi Mumbai. JNPT has cast apprehension on the project as it was proving to be a hindrance in the ports plan to build a fifth terminal.

The Shipping Ministry has instructed both JNPT Port and Mumbai Port to extend fullest cooperation to the project and all support will be given to ensure its expeditious implementation, the minister said.

JNPT Chairman L Radhakrishnan said that the port will review its plans for the fifth terminal and will change the project accordingly.

Shipping Ministry aims to award 42 port projects this year

Halifax - that bid/offer spread makes it less likely to appeal to daytraders - which means the buys now showing are unlikely to be people selling same day - which is useful ;o)

magicjoe -- that government mission could not be better timed for SPL. It provides a positive backdrop and ensures ongoing press attention to all such projects.

Nice to see some steady buying and share price rise at the same time. The 25K buy @ 109p at 8:08AM was the one who started the spike, but was reported as a delayed trade not long ago, naturally now shows as a sell at " M am " trades.

dreamcatcher - it's very (very) rare for me to be drawn into a purported turnaround situation, and to find myself buying in at or very near the bottom. I usually buy or short into established trends, and have previously shorted this one a few times on its way down. Am now into profit on the way up - but with stops in place to exit and bank the gains if the current rise fails.

There is an element of risk buying in at the bottom but you have done your homework juzzle and there could be huge rewards. Look at the brick firm mj and myself invested in, with the firm priced to fail but huge rewards to the brave investor. Sometimes you have to take risk. Well done on this one.

:-)

Skinny thinks your ramping juzzle as he knows I don't. :-))

Well if I were ramping, Skinny would be greatly assisting, as his every post would bring my thread towards the top of the page ;o)

even if port is built it won't be operational before 2020, lot of lemmings rushing into this one.

MTG :-)

Construction purportedly construction commencing during current quarter

Some interest this afternoon once again.


There are allways posters with short of everything, so good ideas are not forthcoming

much easier to be negative attitude where

it shows...
......... some times the age
and other times
......... their financial and mental state

Some large trades at middle price, and some interest is taking place after a pause earlier

No sign of it flagging towards end of session. Nice.

Yes - nice call here!

If these figures over the coming years are realised, it will be big returns for holders,

Cenkos forecasts:

Year - PBT
2013 - 1.7m loss
2014 - 11m
2015 - 22.9m
2016 - 35.7m
2017 - 44.5m
2018 - 49.5m

Have started very late today but a couple of buys ( paying full offer ) has moved the bid higher

Dated today:

http://shipping.seenews.com/news/skil-ports-gets-environmental-nod-for-port-project-in-india-328909

It only can be good as things get together.........

Delhi Mumbai Industrial Corridor

Delhi-Mumbai Industrial Corridor is a mega infra-structure project of USD 90 billion with the financial & technical aids from Japan, covering an overall length of 1483 KMs between the political capital and the business capital of India, i.e. Delhi and Mumbai.

A MOU was signed in December 2006 between Vice Minister, Ministry of Economy, Trade and Industry (METI) of Government of Japan and Secretary, Department of Industrial Policy & Promotion (DIPP). A Final Project Concept was presented to both the Prime Ministers during Premier Abe’s visit to India in August 2007.

Finally Government of India has announced establishing of the Multi-modal High Axle Load Dedicated Freight Corridor (DFC) between Delhi and Mumbai, covering an overall length of 1483 km and passing through the six States - U.P, NCR of Delhi, Haryana, Rajasthan, Gujarat and Maharashtra, with end terminals at Dadri in the National Capital Region of Delhi and Jawaharlal Nehru Port near Mumbai. Distribution of length of the corridor indicates that Rajasthan (39%) and Gujarat (38%) together constitute 77% of the total length of the alignment of freight corridor, followed by Haryana and Maharashtra 10% each and Uttar Pradesh and National Capital Region of Delhi 1.5 % of total length each. This Dedicated Freight Corridor envisages a high-speed connectivity for High Axle Load Wagons (25 Tonne) of Double Stacked Container Trains supported by high power locomotives. The Delhi - Mumbai leg of the Golden Quadrilateral National Highway also runs almost parallel to the Freight Corridor. This corridor will be equipped with an array of infrastructure facilities such as power facilities, rail connectivity to ports en route etc. Approximately 180 million people, 14 percent of the population, will be affected by the corridor’s development.

This project incorporates Nine Mega Industrial zones of about 200-250 sq. km., high speed freight line, three ports, and six air ports; a six-lane intersection-free expressway connecting the country’s political and financial capitals and a 4000 MW power plant. Several industrial estates and clusters, industrial hubs, with top-of-the-line infrastructure would be developed along this corridor to attract more foreign investment. Funds for the projects would come from the Indian government, Japanese loans, and investment by Japanese firms and through Japan depository receipts issued by the Indian companies.

This high-speed connectivity between Delhi and Mumbai offers immense opportunities for development of an Industrial corridor along the alignment of the connecting infrastructure. A band of 150 km (Influence region) has been chosen on both sides of the Freight corridor to be developed as the Delhi-Mumbai Industrial Corridor. The vision for DMIC is to create strong economic base in this band with globally competitive environment and state-of-the-art infrastructure to activate local commerce, enhance foreign investments, real-estate investments and attain sustainable development. In addition to the influence region, DMIC would also include development of requisite feeder rail/road connectivity to hinterland/markets and select ports along the western coast .................

delhi mumbai industrial corridor /

Been buying with a view to hold for the coming years,,,,,,,can see huge potential here IMO

119.50p +2p

is back to life after the small retracement lately



I put chart from somewhere else as too often M am ones can not be trusted

Looking strong this morning. News imminent? Or is this mostly related to change in India interest rate? Share price up 23% this past couple of weeks. As ever, prepared to bank short term gains in case they fade.

And up again this afternoon..

I'm in. This should provide good returns in the long run. The early bird....

Price drifted down even further in January -

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India's election result will presumably to be percieved as beneficial to stocks such as this one involved in significant infrastructure projects.

An interesting press article from David Bellamy of broker Brewin Dolphin - featuring Skil Ports as a stock that he holds shares in, and which he has put clients' money into.

Annual results are expected tomorrow.

Sorry, wrong stock thread!

Activity at last! Dignitaries today attended a ceremony inaugurating the Karanja port project. Sometime tomorrow the website is apparently being updated with a video and new images.

Click website NEWS page today and tomorrow.

PS: The video presumably will show the ceremony - and might not show anything on the site.

Video (now on website) does indeed show only the speech, not the site. Sounds like we might finally see a site video around end of January perhaps.

Here we go!!!!!

Up another 6+% today

And up yet another 6% today!!!!!!!!!!!!!

At last, Skil Ports (SPL) have posted something on their website giving a clue as to what they are working towards at Karanja. No realtime progress images, but a nice amimated video see video

And a poster on another bulletin board has this morning posted images of what appears to be the beginnings of construction of an earth bank forming possibly the east approach road (The port plan is basically a steel framed platform standing offshore, linked to land via two gated access roadways - and this looks like one of those roadways - though rather crude, so might be purely for constructor access and replaced or reinforced later?)

dropbox images, Karanja port site

On a longterm chart this looks just like one of the many previous upkicks within what - each time - turned out to be an ongoing downtrend. Is it different this time?? Has it finally bottomed?

Photographs that we've now seen (if genuine) suggest that things are at last happening on site.

This new batch of progress photos posted by PJ1 an hour ago has triggered sharp upward movement in the share price:

Karanja port update

Up 19% today. That's nice. 76% up from its low of Nov 26.

The original investors considered the company to be worth over £100m - and that was based on a port project that still required various permissions and approvals which might not have been forthcoming. After very long delays those have now been granted and construction is at last under way, with a constant stream of tipper trucks coming and going every day.

I am enjoying the ride now.
Juzzle when is it supposed to be an operational port?

PGV4 - the only dates previously given in company statements are irrelevant after such lengthy delays in getting started. My guess is that some token use of the east quay mightll occur before the end of this year - by when the construction traffic should be using the second access road, and this first road will be open for very limited business. I'll be (pleasantly) surprised if any serious port activity is generating income before Easter 2016. But the promise of that, and of full use by e/o 2016, if evidenced by apparent progress, should be enough to continue driving the share price between now and then. One concern is over what additional funding might be required and when.

Unusually high volume underlying today's firm rise.

Posters on other bulletin boards have obtained and displayed numerous photos in the past two weeks, showing hundreds of trucks busily streaming to and from site in a nose-to-tail convoy, tipping material being levelled at a rapid pace now as the contractor plays catchup in building the port at last.


Pictures taken this week, looking back towards land, from the port area being built offshore. Trucks seen in Image 7 are on the road linking port to shore.

Port is basically a rectangular manmade island 1.0km wide being built just offshore, with two roads linking it to shore (one recently built, one later).

Share price has doubled in 14 weeks since bouncing of its alltime low in November.
Seems people are at last convinced that serious progress is happening on site.

EDIT (April): But fell back on news that work is hindered by local protestors.

Saudi money heading for India. Presumably other such funds that follow will include stakes in ports and other key infrastructure areas..

Saudi Gazette

The company website has been updated (see News page) with images of apparent progress. Block paving in place and some gantry steels being assembled.

EDIT: Scrutiny by posters on other bulletin boards has revealed that these photos are NOT from the port site, but are from the contractors compound 2km from the site. Such misrepresentation does not bode well. So, as ever, have good defences in place on any holdings.

And I thought it would be finished by now?

Juzzle - 17 Jan 2013 13:53 - 21 of 57
Halifax - with construction commencing during current quarter, port is expected to be operational by the middle of 2014. Where is your 2020 from?

New progress pictures have been added to the company website NEWS page this morning


http://www.skilpl.com/images/stories/site3.pdf

Share price currently up more than 11% today - 40% up from its last low in August. Perhaps investors are finally believing that construction is progressing, following this morning's release of site photos.

The company got a very positive mention on Share Radio yesterday. In the latter part of the broadcast.

Spread <2%.

for those brave enough to buy stocks direct in this and any other emerging or similar market, note well the tiny volume traded

Here we go, up up and away. Bye bye cynic.

not at all ...... i dare say my JPM fund holds some, and that is the only way i'll play emerging markets

worth noting that barely £60,000 (108,229 shares) changed hands today

House broker Cenkos reportedly taking a group of institutional investors to see the site soon. Which presumably indicates there will by then be something more than a heap of dirt to look at.

RNS out.

poor old mitzy hadn't the strength to post it :-)
it really isn't very interesting at all


Project Update
SKIL Ports & Logistics (SPL) is pleased to provide the following update in regard to the development of its port and logistics project in Navi, Mumbai, India. Onsite reclamation work continues to progress, and the Company confirms completion of the 300 metre bund to allow the new piling gantry to be erected at the point where the quay wall will commence.

All parts of the gantry are scheduled to be in position within the next three weeks, with reclamation work continuing in parallel. SPL's engineers have reported 10 hectares have been reclaimed to date.

The Company website www.skilpl.com/news.html has been updated with recent photographs and the Company will continue to update its web site on a regular basis.

These photos datestamped yesterday (Dec1), show significant advance since the last Google Earth image. (Go to Google Maps, search Karanja Creek (the capital K and C are essential), press the Earth button and zoom in.

And dated today, by courtesy of poster 'darlocst'. Showing piling gantry parts arriving on site:

images

"While the share price went down and down over the past 5 years, there have been many investors convinced that each upsurge was more reliable than previous failed ones - only to find it wasn't. A year ago the share price grew 100% in about 3 months - before dropping to an even lower low. So what makes this current surge any more reliable than previous ones? Onsite evidence. Previous surges were all based on words - this one is based on pictures. Pictures posted on the News page of the company website - underscored by comparison with satellite images at Google Earth (search Karanja Creek, Uran). This time we are not reliant on accepting the promises of what will happen - we can actually see something happening - and so can skeptikal analysts who shied away in the past. Though the whole concept may yet hit technical snags of course.

Two concerns of mine are that the future completion of a port might not necessarily be reflected in the performance of the shares - because of future fundraising dilutions maybe - and because of any crafty diversion of assets from SPL to other companies owned by directors.

Despite past assurances that the company has enough funds/loans to complete the project, I doubt that. I think there will be a further stockmarket fundraising.

(Johnny Tooslow)


EDIT: I have amended JT's suggested Google Earth search term, which others have pointed out didn't work.

and i think anyone who buys directly into ANY emerging market is very foolhardy

Investors resident in emerging nations might say the same about London's AIM market ;-)

they may indeed and with some justification, but i'm not much interested in them

posted elsewhere by CharleyDuck this morning:



A few snippets from a contact in Mumbai recently:-

On the site of the port at Karanja, the base on which the piling gantry will be erected is in progress. Two of the four temporary piles are in place and they are currently concreting the third. They were told that the base should be complete by next weekend (Christmas day?)

They have also started constructing the temporary platform on which the concrete batching plant will sit. This will need a piled foundation with about 25 or 30 piles. The form of construction of the main jetty is by cast in-situ concrete piles.

SKIL and ITD Cementation have of course been treading carefully in regard to the villagers and all is well.

In regard to the aerial shots of the site taken from a drone, I understand that the plan is to do this on a monthly basis – so I guess we might expect to see the next lot in the first week of January.

Reclamation continuing, with between 500 and 1,000 truck loads per day.

Sounded like all is progressing well.

-------------------------------------------------------------

Thanks very much indeed for that.

Along with today's announcement, 31 new images of progress have been added to the company website NEWS 2016 page

Great chart and round bowl formation.

Smashing chart.

100% up from its August low.

EDIT: Slipped back later.

Where do you see this in 12 months time Juzzle.

Higher than now. But I am not prepared to gamble heavily on that expectation, because I am aware of possible risks in how the company handles whatever money it makes (eg, whether any of it is creamed off and diverted to related entities), and what other excuses it might come up with for future delays. Delays and excuses do seem to be plentiful.

Thanks Juzzle I'm holding for at least 6 months here still not without risk.

spread <2%.

9 new pictures added to company website today, showing ongoing progress:
click link

And now a 26 minute drone video showing site activity. Ongoing reclamation, piling and dredging. Filmed yesterday.

Spread <1%.

The company website has been updated to include a press article regarding the proposed (and long promised) Mumbai trans-harbour link - which is now expected to go out to tender in March:

link

This is HUGELY significant in cementing the future prospects for the new port that the company is building.

Chart about to turn here.

Bad call - mitzy- is still falling today and now under 75

Cheers pim.

Company website includes new photos of ongoing site progress, and will shortly show new drone footage giving a high-level overview of the whole area.

www.skilpl.com
Go to NEWS page.

And here we are with that promised drone footage filmed yesterday. 10 minutes long.

It has been added to the NEWS page on the company website.

Big 3-day meeting kicks off in Mumbai tomorrow:

".. The objective of the three-day Summit from 14th to 16th April 2016 is to attract potential investors to the vast opportunities that the various components of the Maritime Sector have on offer, he said. Forty countries in addition to India and Korea, which is the partner country, will participate in the Summit.

Read more at: news report

Karanja Creek will presumably get a mention and Skil Ports will presumably be represented?

KEEP an EYE

SPL 67.50p ( 66 - 69p )

Had a large retracement and now looks ready to move forward. Level 2 positive 3 v 1

15 minutes delayed on the chart

Nice to see the stock moving on the right direction 69.50p+2.50 (+3.73%)

"As of June 30, 2015 SPL had a cash position of £40.06 million, which is in line with its financial projections, and the Company also has the benefit of having a £47.03 million credit facility in place."

Plus there will be participants at that Mumbai summit this weekend who may well want to buy into this company, now that construction is seen to be under way. They may well be willing to fund a placing.

How to Take a Stake in India's Progress With a Punt on a Port
By Malcolm Stacey | Thursday 14 April 2016

Hello Share Mashers. Perhaps it’s time we looked at an unusual share which I brought to your attention once or twice last year. Skil Ports and Logistics (SPL) has a big project in the making. This means it cannot make profits now and all our hopes are in the future. But the scheme has real potential in a country which has the attention of the investing world.

China has knocked the world’s confidence in shares by a slow-down in its growth. The Brazilian economy is not what it was. But India has not knocked confidence and its potential still excites punters like us.

Skil Ports is making a port complex very close to the very populated Mumbai. If you look at its website, you’ll see how it's going about it, with snazzy overhead footage taken from drones. It’s worth a peek for the entertainment value alone.

Although the port is not yet in operation, the company had a cash position last year of £40 million. it also has a generous credit facility in place.

Last September, the share had a value of 37p. Currently it’s about 69p. So its nearly doubled in just over 6 months. As the project gets nearer to completion, the share price should rise nicely, in my view. The company has estimated that the facility will become operational in December, but suggest the timetable may change with events.

The company acknowledges that some of the work has taken longer than expected. But that is par for the course with massive building programmes begun from scratch. And if you look at the drone video you can see they building is going well.

This is probably a convenient opportunity to take advantage of India’s ambition and march into modernity. It is exporting a lot and importing a lot - and this, remember will be a spanking new port serving a very populated part of the country.

- See more at: hTTp://www.shareprophets.com/views/20037/how-to-take-a-stake-in-india-s-progress-with-a-punt-on-a-port#sthash.gINc8oIV.dpuf

With this afternoon's announcement, Legal & General now own, directly or indirectly, a sixth of the company (16.66%), the division reporting today having crossed up through 7%.

Evidently keen. That's a big chunk.

Google Earth image updated 11 March. Thanks to 'someuwin' elsewhere.

If this is 50 acres (as per last reported progress statement) it equates to about a quarter of the proposed total port size, the remainer of which will extend towards the bottom left of this image.

--

As an in-out, in-out trader, I have made money from this at times along the way, but overall have lost money on this, which is never enjoyable. But am pleased that I heeded my own posted warnings that this was a gamble and staked no more than I could afford to risk.