The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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In July 2014 fowler reported that wsg operations ‘were not materially affected by Ebola’. Do you expect an honest update on company circumstances? Maybe he has learnt a lesson
https://www.google.co.uk/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/60432
H&N - you said :
"I would imagine container numbers will drop in the months to come as Ghana consumes and imports/exports less.".
How can you be certain about that when Tema is expecting to draw cargo business from other Ghanain ports? Even if there is a drop in overall national comsumption this does not necessarily mean Tema volumes will contract. The third berth makes a crucial difference to relative ship handling capabilities of the Ghanain ports
Great post Mike, all the best to your friend.
Freetown pulled in about £4million last year, about £330 000 per month roughly....not £500 000 Foxy you miserable old rogue!.
This is a fact.
Only a portion of the tech sales are reported on the WSG website. That page is not designed for share holders. It is designed for Google adds and search engines. WSG's aim is to stay on page one of any search for 'fever detection kit' and other similar search criteria. If you keep putting similar posts up on your website it can be counter productive as google's algorithms are always looking for spamming (a bit like this bulletin board...the spamming that is!). This can be illustrated by the two recent updates.
On the first , there were $720 000 of fever tech related sales . Two days later, another $250 000 of sales reported but there were no contract posts on the website.
The next update will refer to the closure of Freetown, the safety of the workforce there, their on going plans in Freetown. There will also be an update on Ghana and operations there. I would imagine container numbers will drop in the months to come as Ghana consumes and imports/exports less. Containers will still run around the world though anti will bring us excellent revenues this year. We will no doubt get an update on the fever tech sales as well. Obviously new MSC negotiations, new big tech tickets must be delayed because of Corona...but they have not gone away. I'm sure that there will be plenty of comms. discussing customer needs and spec.
We are at 5p rather than 15p for good and obvious reasons. WSG weathered Ebola. WSG is way stronger than back then, they will weather Corona,
Hang in their folks and ignore the trolls
Up!
Thumbs you mike.
It’s serious, frightening, totally unknowable and defo not worth positioning for 1 or 2 p
SL are one of 5 countries in the world still cv free. That’s a bloody good result. They deserve a load of credit.
GL
Whilst we while away some time on here.... I have a close friend taken in to hospital today,... surrounded by doctors and staff in full PPE kit. She is frightened and scared, ..C-Vid has become pneumonia .... and things don't look great.
So,... stay safe, be well,.... and keep things in perspective.
Best
Foxy,.. suggest you look at Tema Fees Tariff for 2018/19--- I don't have the link to hand but it is out there as I have the pdf on my lap top.
$65GHC for 20ft laden container--- @ circs $5GHC to us$ = $13US = circa £10/TEU
Lions share????.. say £7/teu---?
At the AGM... PF referenced fees at Felixstowe as being circa $15US and suggested that our contract would be of that order... and the published TEMA tariffs seem to substantiate that.
It won't be 3.5MTEU's this year, that is for sure. The final berth,... which in theory, creates the capacity to deal with 3.5M TEU's..isn't even due for completion to December.
We are probably,...based on the information issued by MPS and the recent comment issued by WSG,... both before lock-down etc.,-- looking at volume in the region of 1-1.5M TEU's for this year to the end of Jan-Dec: This is still very significant income for WGS and far exceeds the likely reduction in revenues from SL.,... assuming that the reduction isn't already covered by the new C Virus linked tech sales, of which there were none last year.
As to the large tech contracts,.. I think you said that they had only 2 in the past 8 years...you could have said that they have had 2 in the past 3 years,... which is a better strike rate and more accurately reflects the restructuring of the business and the additional focus placed upon the Tech Division; including the appointment of the head of tech sales. I also fail to see the reasoning behind focussing on the size of the individual contracts. Is one contract generating £3M better than 30 contracts at £100K each, generating the same overall sales income.Personally, I'd rather have a large number of sales and clients,.so that all my eggs aren't in one basket?---
Anyway,... just my thoughts.
By taking the positives you get the opposite picture of what you are doing by putting all the bad stuff together, as m the self-confessed pessimist that you are. Reality is somewhere in between.
A guess. SFU who works in this business thought that the charge per container might amount to about £10 in Felixstowe. Thought to be far less in Africa.
But that’s the point I make over and over. Nobody knows.
Fowler did though, I’m fairly sure, describe Tema contribution to WSG revenues as merely “material”
But what the hell - call it $10 and take Feeks assertion that Tema will do 3.5m crates this year and we’ll party.
But would $35m on the bottom line just be “material”.
It’s amazing how good it looks when you put all the wishful stuff together. What was I worrying about? ;-)