If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Panza, As I saId ... Pete portrayed Tema as "transformational" in July 19 and by early 2020 modified the contribution of Tema to the bottom line as "meaningful"....... at £1.50 a crate it might seem a nice cash cow as they dont supply the labour just the technical expertise [whatever that means]...... when Tema up to 3M TEUs per annum, nearly £5M revenue starts to look good for this tiddler, but for Pete to break out of the 10p orbit, we need a proper MSC..... B
Apologies. I meant USD. The figures for 2019, when the project was in start-up, give a lower figure than the price per TEU in H1 2020.
Revenue has risen over 66% to over $1m. "Despite COVID-19, in H1 2020 the project has generated over $1 million USD" (half-year report).
While daily volume of TEUs has risen by 50%.
https://ghanaports.gov.gh/Media/news-details/9/MX7TAHWE/DG-OF-GPHA-PROJECTS-MORE-CARGO-VOLUMES-IN-2020,-DUE-TO-INVESTMENTS-MADE-IN-GHANA’S-PORTS-
$600k revenue H2 2019 ( webinar presentation) / 309k units scanned ( Finals ) = $1.97 or £1.50 per crate.
There's a fair bit of disingenuous information here.
Tema is nearer £2/3 per TEU.
It's a hugely successful contract that's actually saved WSG. It has secured revenue and margins similar to a fully operative Lungi. It's saved them, because it's been resilient to the Covid epidemic and continued to perform and grow even when a lockdown was experienced in Ghana.
Speaking to other investors, I think they were expecting more from Tema, hence some disappointment, but to say it's "pocket money" is factually incorrect.
The geographic spread of WSG's business should see them weather any second wave. Particularly as Covid sales that were predominantly in US and Europe may continue. They've recently hired new sales managers to cope with the demand.
Lungi is continuing to see growth in air passengers and appears to slowly be rising to slightly above 50% of pre-epidemic levels.
The negatives as always are the outstanding CULNs. A placing though is unlikely. The recent YA finance deal hasn't worked out great, but WSG are still receiving funds from that, with the shares already issued, while the business is still currently generating a small amount of cash.
It's only been 1 month since any news. I would like a small update, but I always feel that way on my AIM shares.
My bad.
Bolton, Phil meant £1 per container, not £1 per share....... I would suggest just getting to nominal by xmas is now as much as one can hope for. Pete will give us the usual pre xmas hype... usually it is to start the placement call, but this year we may actually not nee another one if they are making money.... but as we all know... Tema was good for WSG and they would get the lions share......... in fact it ended up being just pocket money... but at least enough to pay the Fowlers family wages and their xmas party. B
Who mentioned a £1 ?
£1?? This hasn't touched 20p for over 2 years never mind a pound.
taking a bit of a beating today.... not sure why.... how can a share become even more friendless than a share with no friends. I am sure Pete is relaxed.... he always has a plan. Them Mango dispensers must be getting emptied [and replenished] every five minutes.... kerching.... and Menzies must be bolting a wsg product to every airport ......ay pete..........B
Too much of an opportunity. Sub 7p buy opportunity is way too cheap.
Yrabs: I was thinking the same. But I suspect it’s down to the fact that the market’s not really valuing WSG on fundamentals anyway. I’m not sure what it’s valuing it on tbh.
Off out to enjoy the end of summer.
I would have expected WSG to be seen as a winner from the 2nd wave rather than a loser... sp action suggests there is no advantage to be had from a covid kit supplier in a covid stricken world..... how strange. B