Member Info for AIMing_high

I do fancy a pint actually. but need to finish work first....then go home and collect the kids from nursery before bathing and putting them to bed. After that I’ll head out for one....can’t pass up with nice weather.

I wasn’t so much being argumentative as using a passive aggressive method of asking what the relevance of a the photo was.

Good point. It’s not like there a thousands of stock photos of containers on the web that you can buy to put on your website!!! The only thing I know for sure on that photo is that it’s not The new Ghana Tema terminal that WSG nearly has a contract with.

Foxy you get your lawn mowed weekly? Maybe it is closer to a $1.5bn port that we thought! ;-)

Foxy my old pal, the key flaw in your gardening analogy is that once the lawn is mowed the job is done. So the client is incentivised to wait as long as possible whilst your bargaining power reduces.

With Tema the more work WSG does, the more fundamental they become to the smooth running of the port....and the bigger the cluster **** if they pulled out and the port was unable to scan containers.

I assumed they only scan incoming containers. It may well be wrong.

I also assume the 2,000 includes the practice ones they were doing from the 28th...,,before commercial operations started the following tuesday

Alan: of those two options I’d have to go for not understanding AIM.

But then lots of other people seem to be in my boat...there are often claims of pumping up the share price before a capital raise. At lest we can now put that theory to bed.

Note to self: if share price is high then no fear of raise. management on AIM like low share prices so they can raise. Think I’ve got that. Thanks.

Alan, if your rather imaginative theory were true they would decfinitely have raised capital whilst the share price was higher.

Ozzie:
250ks have appeared:
Today, 15th, 11th, 8th, 2 on the 5th, 2 on the 4th 1 on the first. Plus another 16 in June. It’s been a popular trading size since June 19th

Not sure if all sells.

Can’t help but feel that this figure is going to get blown out of the water pretty quickly.....the first commercial vessel docked at the new port yesterday...the Maersk Cape Coast. Capacity of 4,500 TEUs. That should be about 2,000 containers alone. Can’t imagine they can be in the figures already.

Jim: why is 10p the bottom?

We have recent history of that not being the case....or do you mean for a raise?
This is a low capex contract. They won’t need to raise for it in my opinion. They may chose to raise once the SP pops on the the contract, but I think that’s more for general corporate purposes.

Plus they are running the contract now, yes it’s not at full capacity but why would there suddenly be huge capital costs that require a raise?

Another little top up. But these are you going to be the first to sell on contract news. Target is doubling my money on that within a month or so

No end date becuase they don’t know when they will sign and don’t want to annoy the market by coming back and saying they were wrong.

And BBm, that’s not how real businesses work (re them pretending they want us and then stealing them our skills) this is a multi billion dollar port, not some tin pot Christmas carnival.

I see why you’re worrying but it’s not a genuine concern. It’s more of a ball ache for the port to shut down (if we pull out) than it is for WSG if the deal gets pulled

Bad for short term share price (buying opportunity??) but no impact on medium term valuation for me

This company does indeed stick to timetables. It always gets out the rns update just before the end of the self imposed deadlines....but this is not one of those. They never said they they would update up within 40 days. Therefore there is no guarantee of an update.

It will come when it comes......May give some of us another top up opportunity ;-)

I’m honestly not frustrated by the share price. Yes, I feel that it undervalued WSG. But so what? The real prize is the Ghana contract sign off. Who cares what happens before that??? Well, traders I guess.

I personally think the contract details will be sufficient to make this fly, regardless of starting point. If the terms are decent (10+ years and sensible fees per container, split “lion’s share to WSG” (which I take as over 67%) then all should be sweet.

Let’s see, tomorrow or more likely next week

Steve that’s not how share prices work. We don’t get a signed contract that increases the price by a set 300%. We get contract that gives enough information for investors to determine a value for the future cash flows of he company and then determines price from that. That may be 300% up from 16p or 100% from 32p. You get to same place eventually. Yes, a higher starting point would be nice. But if we get a 35 year contract with expected 50m revenue then the share price will get to a sensible level regardless of where we are before it. In fact, if it’s starting seriously low then there is maybe a chance to top up post news before the price fully reflects the new reality.

I can’t see them needing funding before Ghana goes live (or even more live than it currently is)....but profit is profit so why not take it whilst you can. Historically has been the correct call with WSG sadly

20% is hedge fund fees. And it’s not 20% on the profit of the investment. It’s 20% of the profit of the entire fund....so it doesn’t matter what you bought it for, it matters if true future performance is likely to be better than other alternative investments that you can make. Also, the funds will have a 31 December year end, so for this year the investment will be showing a very nice profit.

Personally I don’t think they sold because they don’t like the outlook. I think there is another reason...such as a change of direction or general market outlook, or outflows and now the position is very large. . Could simply be the recent performance makes them fear it will pull back. The outlook is as good as it has been for ages. They know that as well as we do

No problem at all. Just don’t think funds care if a position is in profit...they care what the outlook is.

Anyway, we’ve had my predicted couple of days of pull back , thought we’d lose more ground so possibly a third....but let’s hope we’re back to the blue tomorrow in time for a Friday RNS....they seem to like Fridays and hopefully the CFO can work his magic out there this week.

Jimzi: why wouldn’t they sell at a loss?