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End of Q3 is end of September. Add in a bit of a an overrun - gives you early October. Less than eight weeks away.
October would suggest coming months not coming weeks....PF would not be that far out .....would he ........because that would be misleading and thats not allowed. B
My turn. Contract announcement in early October. 10 years. £5m pa revenue at current volumes with scope to increase to £17.5m as port capacity rises. SP to rise in to the twenties. PF to announce that other long term opportunities are being progressed in same RNS.
... for an RNS by Friday 27th Sept - just before and keeping ahead of the end of Q3 full switch on. It will go high fairly quick initially imo for the very fact of there being nothing for so long. Actually getting one in the bag will be such a turnaround it will be a rush to buy in not least by those keeping their powder dry and cash in hand on the sidelines .. but they may well have a problem getting in. On the downside there will be a quick and fast cashing in 'tipping point' caused by FOMO on the spike and the Q is whether to join that or ride out for the gradual rise after a fall back. So ... 40-50p initially - back down to high 20's - slow rise thereafter over time quickened by any additional business from JV's or new additions. £2 ? .... probably years (2+) at least rather than months. But additional decent business on top of Ghana will make £1 a possibility within 12 -18 months .... maybe. Then there could be a buy out ... nice to dream.
Ghana
Nothing wrong with feeling miserable.....it’s the attempt to make the rest of us join you that’s annoying
... when the Contract is signed we'll all be happy campers,.... well,...at least for a day or two!
Surprised that there are no early arrivals to the contract landing in the coming weeks which by Thursday will be one less coming week, B
Yes Phil...if.
But then if you believe that if is a worthwhile risk then you should be invested. If not then divest.
Lots of people on here are trying to keep their feet on the ground (others clearly not) after years of disappointment. You on the other hand just seem to be clinically miserable about WSG. My (granted, unsolicited) advice is to sell up and move on to happier pastures new.
I’d be surprised if it’s only 20p when the contract lands, as we got to 18p on 5th July, without the contract.
A decent contract update on signing, with clarity on contract duration and value ought to see mid to late 20’s as a first step alone. I understand that sentiment is severely dented, but signing Tema is a major milestone which puts clarity on future revenues.
A 10-15 yrs contract working with Maersk indirectly is a transformational step - and when sentiment changes, this does move very swiftly.
I agree that any rise will be temporary without follow up news.
I also think 25p is optimistic, my guess would be 20p max and maybe not even reach that. Previous announcement was out of the blue , this is expected news now.
Tema Prediction:
Friday 30 August RNS, 10 years contract, average annual revenue £3.5 million. Expect sp to hit 25p then slump off waiting further msc.
I've learned to manage my expectations here, and the above guess could even be optimistic. However I truly hope I'm being far too conservative.
Yes.. agreed... 10 or 15yrs would seem the most likely time scales.
Doubt that they will be too specific in terms $/container as I would imagine that would be quite commercially sensitive,... but given that the rates are published in the Tema tariffs,.. we might be surprised.
I imagine there will be quite a spike in the sp on the contract signing,... followed by some profit taking. Hopefully it will then consolidate near the 50p mark in the short term. That is my target.
10 or 15 years is my guess.
Would love longer, but doubt we’ll top 15.
I’m hoping for 50p within a couple of weeks of the deal.
I'll go for early September, or as soon as HR is back to work.
My prediction is a 15 yrs contract, revenue $5 mil during 2020, $7-10 mil p.a thereafter.
Morning Bigears: I’m sure they’ll release the length of the contract - which will be key. They may say what fees are being received for scanning but I’m sure they won’t tell us what margin it’s expected to be or even what share of those fees they receive.
The best I can hope for is them saying “it’s for x years and a total value expected to be $ X million a year/over the life”. But you won’t know if that’s the present value or the sum of all potential cash flows undiscounted.
If they sign and we’re not a profitable company by year end then I’ll be livid....this is a very low capex contract apparently.
Aiming - Re your 16.10 yesterday ....surely Fowler will have to put some financial meat on the bones of any contract announcement... any idea that the markets will swallow a Fowler MSC financial forecast is a non starter imo ....his past projections have been complete pants ........
Put me down for 30 days and 105000 TEUs FOC for a 2000/1 double
Foxy: Even the pessimist in me says before November. I think more likely disappointment is in the magnitude of the margin we’ll get.....and that probably won’t become clear until next years’ half year results.
For November - if at all.
Reasonable odds that despite starting the year with 10+?MoU’s two signed contracts, several projects on the cusp and running a Port FOC (perhaps) they still manage to sign nothing this year.
RNS suggests that they’re still negotiating.
This year’s AGM promise to disappointment ratio might eclipse all previous efforts. There are only 12 to 14 weeks left, realistically, within which to break the habit of lifetime, well IPO.