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Peter Fowler's primary job as CEO is to increase value for shareholders. Anything less means he's not performing. Has he performed in this regard? Not yet, and it's been a while!! That's why I am unhappy with his approach and attitude, regardless of however many promising bl00dy cusps there are. He seems to think that leaving the market to stew is the best way to increase value for shareholders! If he's paid any attention then he'd know that the market is sick to the gills of his promises, so making out that anxious investors are too impatient simply comes across as churlish and even impertinent.
Gpha want to takeover operation of T2 which includes two deep (11m) Berths still under MPS control. Also amendment of MPS exclusivity to ships of 400 teu capacity allowing gpha to deal with the remaining 20% in T2. Without this T2 is arguably economically unviable. T2 was upgraded in 2010(?) for a cost of 70m- shame to mothball. MPs want guarantees gpha do not hire a 3rd party in T2 or be undercut in price by gpha itself in the future or better still close it/ run it down
I get the frustration H&N, but nothing has changed since our last RNS....the one where they told us that we are getting paid. The fact that they put that out made it clear that it was unlikely to be signed within a week or 2 as they'd have just waited. As is, i'm happy....frustrated that it's taking time, but happy that we're getting paid and the world is still turning for WSG.
A lot of people on here should be thanking SVS...the share price fall given them an opportunity to add at very low prices.....and a lot of us on here have claimed to be adding.
i've been here since 2012 and whilst I'd have loved one of the never nevers to come true, they didn't, i'm sitting on a paper loss and am overly exposed here for my portfolio. all that said, if one of numerous MOUs back in 2015/16 had come off, or the ferry, or even Iran then i'd have had a few hundred thousand shares work maybe 60p and sold many of them.....because i've stubbornly kept adding i now have over 800,000 and so when/if it really takes off i'll make way more money.....glass half full i guess (even if currently there is only a dribble in the bottom!)
H&N, have to say your outburst is a first as you are normally the one telling us impatient to be patient …….. I know how you feel and that is what drove me to write to Peter asking him why he is not trumpeting from the roof tops all the good things going on...….. you have obviously read his response to me, which seemed to be a combination of hailing his achievements [even if they don't add value to SP HE DOESNT CARE!!!! making contacts is more important than revenue sticks out as his biggest knob call...] and telling me he is just too British to talk about his important clients who all like secrecy...…. so here we are in an induced coma until PF wakes us up...…. B
Looks like the revenue chaps are stamping their authority and running the show “The Board Chairman of the Ghana Revenue Authority (GRA), Prof. Stephen Adei has instructed Customs Officers at the Port of Tema not to take instructions from senior officers of other state agencies also operating in the port“ http://radiotamale.com/2019/11/01/dont-take-instructions-from-any-superior-officer-prof-adei-to-customs-officers-at-tema-port/ hence the GPHA has no say over revenue collection - this means every container needs to be scanned and items accounted for to ensure import tariffs are paid - no more brown envelopes and under the table payments - the revenue chaps are serious that means we are needed!!!
Looks like someone in a coma on Casualty. Any technical experts out there?
Is there a 'head and shoulders' coma inversion coming on the charts?
FFS..........this has been ssssooooooooo boring since that plethora of fantastic news in June and July. Placing commentary at the end of the second Fowler interview killed it and allowed SVS to screw everybody over and now......it's as if nothing is going on...yet,
We know we are having a record year, have got a fantastic second MSC . Both SL and Tema are and will grow organically. We apparently have multiple other MSC irons in the fire....yet he we are, barely registering a pulse.
MPS have income protection and no competition – they have exclusive rights to handle container vessels carrying 200 twenty equivalent units (TEUs) or more , and GPHA are “precluded from initiating, developing or authorising the development or operation of any other container terminal within the Port and within a radius of 20 nautical miles.”
A milestone.... double digits,..... the first time that 10 ships serviced in a week.
If only the share price could reach the heady heights of 10p too!
Friday 25th- AS Carelia and Maersk Danube Saturday 26th-Maersk Cape Coast and America Sunday 27th- Maersk Columbo and Zim Rio Grande Monday 28th- AS Carelia and Seaspan Lingue Tuesday 29th- Seaspan Lahore and RDO Favour Wednesday 30st- MSC Margarita and RDO Favour Thursday 31st-Kota Lambai and RDO Favour
i bet if you go on their BB today it will look very similar to this one over the past months. some people talking up the "great buying opportunity", some "i told you so"s and a bunch of despondent investors "stuck" as they are unwilling to cut losses.
and Dodger.....the only thing that accumulates here is the share count!
Peter has clearly set a trend, just read the CYAN news that has knocked them back......the ceo states that contract delays are to be resolved in..... you’ve guessed it.... the coming weeks ..... poor cyan.......B