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Keee, magic.......mushrooms? Is that what you're on?
There is a big difference Bigears. Our employee in KSA (and the one in Ghana on the same announcement) had already been appointed. We didn't announce the adverts for either of those jobs either.
Tema will not happen it's been tooooo long, don't worry thou PF has secured his salary for the next 6 months. Magic.....
I'm not signed up to LinkedIn, but if I was I'd look to see what sort of calibre those potential applicants are. No real reason other then I could.
Anybody fancy a go?
Curious how were happy to share news of business prospects in KSA but then we keep our Francophone recruitment shenanigans a secret ........except for one of our employees LinkedIn page .....(o:
Still no one puts up any numbers for 2019 revenues which is what the trading update will give us.
For the record, they have one signed recurring revenue contract in Sierra Leone which provides an excellent income. They have been appointed and are running a second recurring revenue contract in Ghana which will hopefully get signed asap and will provide us with growing recurring revenues for years....and then we have this
'Airport Security Company looking for: - an expert in dog technique - an expert in airport management - an air cargo expert - an expert in airport security management - an expert in imaging and scanner - an expert in video surveillance system 5 years of experience in the field.'
Posted 3 weeks ago...why would they hire 6 new posts including airport management and aviation security management if they were not in the process of fulfilling another MSC?
Bigears- the RNS are always transparent and usually convincing. The issue is the omission and miscalculation of key information which is only evident in retrospect
Wsg is a small company fighting for its life- no profit- no MSC for 8 years. Its large competitors in west Africa eg cotechna, SGS, globalscan, intertrk have visible fees. The rns will contain as much lucrative data as possible without triggering a subsequent legal dispute (or police investigation)
Wsg will not withhold info based on political sensitivities in Ghana or concerns re competition or future negotiations.Tema did not require a competitive tender- the terms are still under negotiation now. PF is desperate for a high SP
Regarding market reaction- it always over reacts- fuelled by naive newbies, happy go lucky traders, a simple to understand business model, and the siren calls of the BB. The SP would have gone into the 20s After PFs podcasts- what could go wrong
Thanks for the response (30p). In all fairness it was a little tongue in cheek although something I would seriously consider now, seeing how poorly we have performed these past 7 years.
I originally invested in the early 20’s, buying all the way up into the 90’s, under the promise of several MOU’s and recurring contracts - as we all know none of which have materialised (other than the Sierra Queen disaster and Iran and Trump).
Luckily I did manage to cash some in on the way down, but on further promises still held a large holding, getting locked in. Luckily I’ve managed to average down, but not all LTH’s are as fortunate.
30p would give me a large sum of money, nowhere near as much if we had completed just one decent recurring contract in 7 years, and I’m sure that SP will not be enough for others who have been here the duration?
Well I hope my honest opinion gives you an insight as to my frustration and I’m sure many others will not be too far off either.
I'm afraid, like many, positivity is being severely tested with time. Similarly I worry that the on-going depletion of the market's belief in WSG (PF) will be directly proportional to the further time that passes before any (final) big deal signing. As a result, I also believe it will also take more than one 'big deal' to fully convince. Hence I have lowered my own expectations, at least in the short term.
14p on the back of a good annual update.
25p on the back of TEMA signing
40p on continuing Tech deals over the year
60p-80p on another 'biggie' e.g. KSA
I see that argument ....though $5 per TEU in TEMA could be well wide of the mark at say Lagos as it would be dependent on volume ,capex ,minimum wage , taxation, manpower requirements etc etc.
PF adopted that calculation for the ferry and Lungi .....we all know what the ferry was worth with the latter supposed to worth $150M up to the break clause ......on the basis of the inaccuracy of those two examples I don’t see any appetite for that type of projection .....if your highly probable scenario ends being the meat on the bones of say a 10 year term I wouldn’t be surprised to see the SP settling in the low 20s to late teens.........)o:
Bigears, to be honest I don’t think we will even get that when Tema is finalised. Potential revenue would be the largest number possible, ie the full year’s revenue when the port is finished and at full capacity. Given the politics over there re tariffs that would be a red rag to a bull if the freight forwarders etc got a hear of that number. I think we will only get number of years.
It’s not just competitors it shows our hand to either if he disclosed revenue per TEU, but also potential customers. Say, just for example, we only charged $5 per TEU at Tema, others ports aren’t going to easily negotiate higher than that when they know we can do it for that price in Tema. I take your point that circumstances are different in each port, but it would put us on a negotiating back foot, having to justify every cent increase over the $5.
We received 77% of the contract value on shipping with the balance payable on commissioning.
Aiming mentioned this earlier and worth debating......so when the £3M+ Tech contract needed the upfront £1m to get going WE [the shareholder] paid it via a placement and dilution. so when the £3M+ is paid will Peter gives us it back [cancel/buy back the 10m shares] or does he just keep the million to buy another boat or working capital as he calls it. can he have it both ways?. B
If your talking a 30p SP on announcement that would be a nice number ...as all are aware any rise will be dependent of the detail PF chooses to provide as the market will want something to hang its hat on ..... consensus seems to be we won’t see x $ PR TEU as it will show our hand to the competition.....(something I don’t personally buy as each location / contract across the world will have different characteristics ) if that is the case and we see X years contract worth “potential “ $X per year I expect the market to be underwhelmed .
PF must surely see his past financial projections have been woeful so any ambiguity will rightfully be viewed with scepticism....however he presents the deal it needs to be as transparent as possible if holders are to enjoy a well earned lift ..........|o:
30p for me.
Speaking of laughter, where's Tosh gone, I miss the ol' barstool.
Laughter is the best medicine, they say, so that's a result at least.
Evening all. Not all that much constructive diploid today. Thing that links everyone on here (bulls and bears) is that when/if the share price actually pops we’ll all be very happy. We’re on the same side and I’m sure we’re all invested here (and yes, Foxy is too).
Off out for dinner. Imo.
Oh dear, I've only just stopped laughing Qualia. So there are too many moving parts for you to form an opinion. Come Friday, how are you going to make that momentous decision whether to sell or hold given that you don't know what your expectations are or what will significantly beat them? What are you going to do? toss a coin?
I'd put you on filter, but the comedy value of your posts are just too good to miss Qualia.
H&N et al, For me its fookin simple, I want an sp over 20p, all the spikes are based on expectation stimulated by that complete ar5e hole PF who jumps the gun or crosses his fingers when it comes to contract awards..... I am miserable because the sp is miserable, I tried my very best to remain positive as Tema was supposed to different, just like Iran was......With the Chinese virus taking hold, lets see how many come buying WSG products.... never been a greater opportunity to test their USP with governments ,,, or so Pete thinks. off out to count my losses . B
Too many unknowns and moving variables for me to give you numbers now, let's see what the update brings. In any case I've no interest in pandering to your silly overly simplistic little inquisition ;)
Enjoy the rest of your weekend.
Not a single number from single negative numpty ............... LOL.....none of the moaning Minnies will put their money where their mouth is....so typical.