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You’re flogging a dead horse Vander. Your argument is meaningless.
So much for being square - gone most strange and NT to sell jack at 9.6
Switch off for the w/e
DHC: the aim is to encourage people to consciously think about this as an investment and understand the risk
This is irrelevant to traders
Repeated posts of what the container volume, revenue and SP will be post successful contract completion may lull naive investors and even LTH into mistakes. There are usually well defined winners and losers here
DHC: it helps if you tell us to whom you’re talking on a thread with multiple people chiming in. Really does make it easier to tell what you’re on about.....especially when the sentence construction is questionable. Just IMO obviously.
I think the answer to this is simple. African countries are increasingly keen to use African companies - rather than farming everything out to foreign companies. The problem is that most African countries lack the required expertise at the current time. Hence the Scanport/WSG arrangement. Scanport are Ghanaian, put can’t run the operation on their own, but can do so in partnership with WSG.
Ah Dickie - you rush your posts - I assume you meant YES.
Bet you answered exam questions in a rush without reading the question.
Lest we forget, WSG have proved their salt in extreme circumstances in Africa where not one person got through security. That part of the CV will have been noticed.
Its systems and a military style adherence to them is what Maersk and the President of Ghana want - that's what they are getting unlike Douala
The co may be poor at fund raising but they are very good at their core area of expertise.
DHC: that’s my boy!! Well done. I love good bit of “negotiated trade, Fill or Kill, or Route to Dealer”. How I’ve missed the sweet kiss of repetitive b0ll0ks.
I don’t think there will be much switch over from the old port. I think the current terminal 3 is at capacity in terms of ship numbers and any growth will come from the next phase AND having to attract more ships (which I don’t doubt they’ll do, but no guarantees)
Regarding size: it’s important that the scan operator has good knowledge of the machines and links with the manufacturer to ensure maintenance. At least smiths are uk based
A good track record of excellent performance helps
(Wsg have SL to refer to, but no previous port contracts)
Quality will depend on satisfactory recruitment and training of staff- scanport are responsible for line management- wsg will provide ongoing training and audit/ monitoring. They need good relations with customs and other security contractors in particular (to maintain the isps rating)
How many staff need training- SGS trained 120 officers in 7 month for 1 m teu Douala with automated scans introduced in 2016. They report more than 1000 trained image analysts worldwide, but are a company with 90k employees. The scan fees in Douala were said to be too high
Scanport/WSG are capacity building but still early stages
There will be various KPIs but the important ones will only become evident with time
Are MPS willing to change track and employ a small operator without port experience, on large money
I do not know
The point is size does not equate to quality - as illustrated in the link and in many areas of business .
For this contract, its how good you are - and thats what they are testing now - which is what I would do - the lost rev is massive
Yep Jimzi I agree with that. Hence the general consensus in west African ports to scan all (or most) containers. Automated rather time consuming manual inspections.
Bolloré/ APM also known as DIT, operated doula from 2004 but have not been short listed for the dev 2019 tender
Read up on Abidjan and Liberia- also interesting
Would you let adjei anywhere near your $1.5b flagship project?
When it all fell apart as it would, the appointees would be a laughing stock - finding the links took me 2 minutes. And thats before the drug allegations.
Maybe they [esp Maersk] want a clean professional brush untainted like the status quo is?
I have said before, its all about stopping gov revenue leakage / theft.
https://standardtimespress.org/?p=6941
Nice find a Jimzi. Isn’t that exactly what Tema we’re trying to avoid, and what the local traders are up in arms about? (Ie no more kickbacks)
But strangely enough, the new process of which WSG are a part, seem to overcome this and things now running much more efficiently.
https://www.ghanaweb.com/GhanaHomePage/NewsArchive/Nigerian-Army-delegation-visit-Tema-Port-770429
Btw nick danso adjei runs nick tc scan (contract to 2025) , Ghana link network services (contract to 2028) and other companies
But WSG have exclusivity - which infers that a bidding/tendering process has been run, which would be normal for something of this size.
Difference
https://www.news24.com/Africa/News/corruption-backlogs-strangling-cameroons-douala-port-20180328
Bolloré are partners with APM in Douala also. GPHA have a conflict of interest- the have their existing port businesses which are in danger of collapsing and also the need to represent the government who wish to promote foreign investment but also ensure the country gets a good deal
Wsg have boots on the ground. Have commenced operation of the smith scanners, and are providing expertise in system processes inc image analysis. They will have work closely with other port providers inc nick danso Adjei who is running UNIPASS for the customs officers, The problem is they are doing it for free. A larger company may want to takeover once the uncertainty/risk associated with government negotiations is over.
SGS and bureau Veritas unfortunately insist on Being paid for work. They are really annoying!
Could be a number of reasons Vander, with the primary one likely to be that Bolloré don’t call the shots.
Tema is ultimately a JV jointly run by Ghana Ports and Meridian Ports. Meridian is itself a further JV, with Bolloré along with APM, with the latter effectively owned by Maersk. So both APM (Maersk) and Ghana Ports would have a view as well.
Since both Ghana Ports and APM are also well versed in running ports, I don’t see how Bolloré would have been able to dictate who was used for container screening.
My best guess is Ghanese officials from the Ministry have messed things up. Nick Ct Scan got.the hump and wants to claim its piece of pie through to 2024. They will need to be paid but also don't charge per container scanned so general uproar amongst port users. Has anyone established that this has actually been resolved. ? Hence we are left with a SP back to 9p not 16p and upwards.
I am trying to understand why Bolloré might have chosen wsg. Also why there is a delay and whether it will proceed or fall through
Most people here simply want to quote meaningless prices at each other and then get angry if they do not agree
At least Gibbo had a go at trying to explain/ justify the delay but he was poorly convincing.
Of course none of us know the answer and the SP is drifting
Did you want them to wait till WSG becomes a multi billion cap company?
An interesting evenings exchange
Onto more boring stuff
Bolloré operate in 17 ports in Africa
In Douala port (Cameroon, 1m teu pa) the Bolloré/APM Terminals partnership uses the multi billion cap Swiss company SGS, to provide scanning- operations and maintenance
In cote d’ivore and Liberia they use the French multi billion cap company bureau Veritas
Why do people think that they have turned to smaller companies such as WSG in partnership with wing commander boateng (or in fact the similarly sized nick tc-scan) ??