The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Jimzi -
Tell me that you were not previously invested here because Tema is a bigger deal compared to a small regional airport handling operation like Lungi? Nothing has changed other than your perception? Even without the exact numbers does anyone here seriously doubt that Tema does not represent a more lucrative deal.
We have not "swapped" anything - Lungi is temporarily closed. And in Foxhill's wonky maths yesterday he discounted all annual revenue for Lungi even though it has operated at record revenues for mearly a whole quarter. All that profit is banked!
Your last bit of your first para is.
Would have thought a BSc graduate might be interested in real numbers [science] not wild assertions about an unknown numbers [unscientific]
SL average life expectancy 51. Average age 19. Hot climate. A place where to survive to adulthood through endless generations shows good natural immunity.
They will weather this better than most developed counties.
I agree. I hope to see all Tema numbers --and realistic expectations about their future-- on April 30.
Agree but unfortunately we have swapped a previously known approx rev/profit stream with an unknown one.
A deramp to some - an objective post to an educated investor.
Jim: they'll get it, every country will get it. Maybe it will be slightly less severe given their young populations and the warmer climate.....but the whole world will get it and i suspect that the only solution is herd immunity or a vaccine...i suspect the former comes well before the later.
For me though, SL is small fry compared to Tema....which i see as being must less impacted than airports.....trade has to continue if economies are to do anything other than fall over.
off out to try someone else's opinions.
Have you watched any TV this year?
I fear its not possible to have a grown up thread with many about the impacts of C19 on Africa as clearly many think that as there have been no cases in SL, there is no problem and flights will resume as they have some fever kit.
GL but I fear you brain cells are practising social distancing.
Meanwhile, Nigeria (a popular destination from Freetown airport) has more than 50 confirmed cases (135 cases as 31/3/20). Kenya 50 cases. Morocco 574 cases!
Maybe to bring locals home, and the 14 day quarantine for passengers coming from countries with more than 50 C19 cases is still in place!
March 27: Sierra Leone closes borders for 30 days
Virus-free Sierra Leone on Friday announced closure of its borders for a 30-day period barely days after President Julius Maada Bio announced a state of public health emergency.According to reports, the measure was to keep out the coronavirus which has engulfed all of West Africa except for Sierra Leone. The country tested two cases which turned out to be negative.
The closure will last for a renewable period of 30 days excepting cargo vehicles which will be limited to two apprentices & a driver. They’ll be subjected to a 14-day surveillance by both countries on entry and exit. [...] Despite being among 11 African countries that have not recorded any cases of the coronavirus, Sierra Leone president Julius Maada Bio has imposed a twelve-month state of public health emergency effective today March 24.
“Meanwhile passengers who’ve just arrived on an Air Peace flight from Nigeria have also been asked to be quarantined. They’ve refused, citing the (Sierra Leone) government policy which says only passengers from countries with up to 50 confirmed cases of coronavirus should be automatically quarantined,” he said in a follow up tweet.
https://www.africanews.com/2020/03/31/virus-free-sierra-leone-records-covid-19-scuffles-over-quarantine-at-airport/
Jimzi.....
A state of emergency does not necessarily mean that air transport will be culled. It MAY just mean that they implement stringent virus detection programmes across borders, transport terminals and the airport. It could mean any number of things, without the airport closing, especially as the country doesn't actually have any cases of COVID-19.
"Get real - they ain't going to open the airport soon and even if they did, no one is going to go to SL. " - Sorry, but the airport is open again now and 733 passengers departed over Sunday & Monday. And the people coming/going to SL are business visitors, families from neighbouring countries visiting, tourists etc etc. Just the same as any other country.
It could be that the airport was closed for 4 days total, in order to put all the detection programmes in place, training the staff etc. Perhaps that may have been the whole down time required.... no-one knows.
I do agree, however on the fact that we need some accurate numbers regarding Tema, so that 'valued shareholders' can make a value judgment !
Off out to go to bed..... I'm in bloody Sydney doing a good impression of a hermit crab.
Sounding desperate now, was that you the other night as “Phoenix “
Good post jimzi.
https://www.google.co.uk/amp/s/amp.theguardian.com/commentisfree/2020/mar/27/africa-coronavirus-west-covid-19
Alias, you don't seem to get it.
This is not a blip - everyone is too obsessed with the developed world - to have missed the crisis that unfortunately is very likely to hit Africa.
SL quite rightly, are very concerned and again rightly, draconian in their measures.
http://www.rfi.fr/en/africa/20200325-sierra-leone-announces-year-long-state-of-emergency-despite-no-confirmed-coronavirus
Get real - they ain't going to open the airport soon and even if they did, no one is going to go to SL. [or anywhere in Africa for ages]
PF knows this, hence ceasing / postponing the CL redemption plan.
The only thing that will move this is a RNS saying how much we are getting from Ghana - even a ball park would help but with zero indication and no one knowing the rate, the split, the costs - its a guess - not very helpful when trying to see if a company offers good value..
And forget fever kits now - we all know now loads of peeps carry it with no symptoms - and of course no one is moving to be detect.
I'm an optimist but also a realist. Its no good looking at what the results will be - unless meaningful Ghana figures are given - as that's the past and clearly from today's RNS, any cash excess from such activities has been spent.
If no Ghana figures - not poss to determine the health of the company.
On the strength of Lungi pax throughput again, who's going to revise the FY2020 figures ? Oh, that'll be your job Mike ;-)