Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
My sister received the following on Friday , be interesting to see if it’s our test .........
“ we are writing to invite you to take part in an important research study to improve COVID-19 testing .This study is being conducted by Imperial college London and Ipsos Mori on behalf of the department of health and Social Care ( DHSC).We have chosen your name at random and participation is completely voluntary.
If you register to take part we will send you two tests to complete at home . We want you to compare the current standard test ( a swab test of your nose and throat ) with a saliva test . The tests will be sent with full instructions and it is important to complete BOTH tests.
If you sign up we will send you a package containing both tests to be administered at home.The tests will be returned to the laboratory by a courier who will collect the tests from your home.”
https://edition.cnn.com/2020/06/09/health/fauci-coronavirus-worst-nightmare/index.html
I don’t see any other option other that a LFT for international flights as the fever-tech being rolled out is nothing more than theatre , 50% accurate at best https://cmmid.github.io/visualisations/traveller-screening
Do you not think that whilst they would never admit it the airlines will monetise the test ?
"The Board anticipates strong near-term newsflow relating to the COVID-19 test developments with Cytiva and Adeptrix, further commercial partnerships to exploit the COVID-19 Affimer reagents and from ongoing commercial and technical progress in the core therapeutic and diagnostic businesses."
I neither said nor implied that to be the case …….PF makes plenty of noise about out JV partners , I just find it odd a company doesn’t exist for such an enterprise….
On the subject of our KSA “ JV “ – I found it curious that Westminster Arabia didn’t appear listed as a subsidiary company in the finals , dormant or otherwise ……….
Esduk
PF kindly confirmed that the 59% was based on H2 2019 soft start numbers and not the 2019 annual throughput.
In respect of my stab at a number I made two assumptions ;
A- Keyguard hourly rate of £14.00 pr hr - IMO won’t be far away from the number we charge.
B - That we get paid the same fee for all crates - This is an unknown but highly unlikely.
The information we were provided simply notes a number of crates scanned at 309k and we have an amount of cash from RR to attribute to that volume which comes in at the £2.00.
I do agree with you that our actual number (per laden)crate may well be north of this , however the average per container throughput will be lower based on the following thinking;
In 2018 the consistent number I have found for TEMA throughput is 836k crates.
That year the cumulative number for laden Import ( 503k ) / Export ( 119k ) crates was 612k which suggests 224k crates were a mixture of empties & crates imported in to Tema for coastal distribution to regional ports.
In respect of the former , empty crates in countries with such a large trade imbalance as Ghana is a pain in the rear for the shippers as the back loads can be at a discount of up to 70% on some routes , which I why I suspect the Maersks of this world would want to pay a heavily discounted number for port fees in respect of empty crates.
In respect of the latter consider this senario -
A Maersk container gets loaded at Singapore ( Bollore controlled ) , and shipped and off loaded at Tema ( Bollore / Maersk JV controlled) , then reloaded for local coastal distribution to say Lagos , Lomo or Abidjan , ( all Bollore Controlled ) as a final destination.
Do we think that
A - Maersk would pay Bollore four times to scan the same container ?
Or
B - The crate gets scanned at Singapore , barcoded to notify other ports it has been scanned and has not left any secure zone during transit , therefore no further scanning required ?
As simple as it sounds It’s a complicated subject .
We may well be getting paid close to Mikes £6.33 number for “laden” crates , however other handling may incur no scanning or will be heavily subsidised which will bring the average £ take down against throughput.
I have read that shipping lines occasionally load entire container ships with empties - if we had one of these ships in Q4 it would clearly of brought our take down .................AIMHO and no doubt as clear as mud .....(o:
The 59% increase is on 2019 H2 soft start numbers.
309k crates / 184 days ( July - Dec ) = 1679 av pr day x 59% = 2670 crates per day x 72 days ( up to March 12) = 192k crates .
Assume the port trades the year on Jan - March numbers and you have 974k units YE 2020 - a nice increase on 2019 ......
As close as I’ve seen you get to one ....(o;
The only assumption is the Keyguard hourly rate of £14.00 pr hour - might be £12.50 but could easily be £15.50 ......!
FEEKS / IANB & and your goodself were full of guesstimates last week - now PF has kindly furnished you with a few numbers why not offer a reasoned assessment .....?
Hereandnowt - Thank you for that compliment......|o:
My interpretation - feel free to amend point out any errors / incorrect assumptions as happy to be corrected.
" We are greatly encouraged that within this revenue growth, recurring revenue^ from our managed services, guarding and maintenance contracts (including 6 months of contribution from our Ghana operations and 8 months of Euro Ops) grew by 46% (£1.8m) to £5.6m (2018: £3.8m). "
£5.6M less Lungi £3.6M ( advised by Mike re exchange rate)
Keyguard - Finals ( Reference MS Performance indicators) 70671 guarding hours -assume revenues of £14.00 pr hour = £989k , say £1M
Euro Ops - Note 31 = £140k
Training - Note 3 = £234k
Leaves £626 for Tema
£626k / 309k ( Reference MS Performance indicators)= £2.02 per crate
Cant buy owt on HL
(o:
The 59% increase is on the H2 numbers.
309k crates / 184 days ( July - Dec ) = 1679 av pr day x 59% = 2670 crates per day x 72 days ( up to March 12) = 192k crates .
Assume the port trades on Jan - March numbers and you have 974k units YE 2020.
Why would the 59% not have been included in the forward earning guidance ?
Also Foxy’s interpretation of the anticipated 2020 revenues looks correct when viewed in context .
"We entered 2020 with visibility of over £8m of annual recurring revenue for the year from long term managed services, guarding and maintenance contracts and because of the nature of our long term contracts,
Mike
Agree - on second scan training looks like its outwith of the MS numbers , however appears everything else is in-
" We are greatly encouraged that within this revenue growth, recurring revenue^ from our managed services, guarding and maintenance contracts (including 6 months of contribution from our Ghana operations and 8 months of Euro Ops) grew by 46% (£1.8m) to £5.6m (2018: £3.8m). "
Try again
So RR numbers for the year at £5.6M
Lungi circa £3.8M leaves £1.8M across the following;-
Keyguard ( £1.4M PA before we got hold of them )
Euro Ops ( £200k PA before we got hold of them )
Training Academy £….. ?
Tema 309K crates scanned at Mikes £6.33 = £1.95M
So if Mikes number per crate is correct we have a £150k hole across Keyguard / Euro ops / Training Academy for 2019.....
Unfortunately I suspect the Tema crate number is closer to £2.50 than £6.33………/o:
Mike
To be clear do you believe its a 59% increase on our H2 numbers or a 59% increase on the average number over the full year 2019 ?
Mike - Shares , continuously since 2013 - Never taken a CFD position anywhere.