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.

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