Member Info for Djalminha

considering a member of the board can no longer travel to Ghana would expect an update to let us know it will not happen until flights are resumed or they found a way to do it remotely and it is now signed...

One or the other... I'm betting on the latter...

As we mostly get paid in USD the drop in GBP is adding 10% to revenues from Tema compared to two weeks ago...

Tema is still operational same as all logistics between even the worst EU affected countries therefore revenue won’t stop as was the case during SL/Ebola period… no doubt volumes will be reduced from EU but with China starting up again they’ll should still have a good flow…

It looks like they have good protocols in place at Tema to make sure they don’t have any surprises… at worst, they might decide that vessels won’t be allowed to discharge until 14 days have passed from the last port of call and can’t see this being a big issue… with Tema now being the fist port of call and most voyages taking longer than 14 days this measure (if at all implemented) wouldn’t cause any issues…

https://www.myjoyonline.com/news/national/coronavirus-suspected-case-at-tema-port-tests-negative/

Good news for our operations in Ghana... I guess that’s beauty of having more than one revenue stream.... whilst flights might be disrupted cargo will still keep on moving same as it is all around Europe even though it’s mostly in lockdown... numbers will be down but with China up and running I imagine we will still have a good flow at Tema...

https://www.aljazeera.com/ajimpact/ships-finally-moving-chinese-ports-rates-soar-200313085112600.html

https://www.aljazeera.com/ajimpact/ships-finally-moving-chinese-ports-rates-soar-200313085112600.html

A director is on a plane on their way to Ghana to sign the contract... you would expect the contracts have been drafted for a while and merely a photo opportunity now... maybe they will they start releasing a bit more info after...

"The various contractual arrangements between all the different parties, MPS, Scanport, Westminster and support contractors, are agreed in principle and Westminster is pleased with the outcome. Contracts are due to be signed once certain financial arrangements between MPS and the port authorities have been put in place, which are in the process of being finalised. "

“Saudi Vision 2030 is a plan to reduce Saudi Arabia's dependence on oil, diversify its economy, and develop public service sectors such as health, education, infrastructure, recreation and tourism.”

Can't see how the latest developments haven't solidified their thought process... they started the price war because they know they can weather it and in the meantime, they will carry on with their vision…

Re all your other thoughts... I can't be bothered!

We now have 2 RR contracts in two different security sectors... MPS Tema is a great coup and an even better springboard for WSG's credibility in the security market... no doubt it will help land other contracts…

Putting the current SP aside,.. the company is in the greatest position it's ever been... funding isn't the best but they have the cash to survive this current market and one more RR contract (especially is KSA) and you're talking about a different kind of company with different funding options...

Regarding Sanport/WSG contract signing... I can still buy a flight that lands in Ghana tomorrow evening and with all Peter's bad luck I would hope he would be on the first available one along with his long lost pen!!!

I’ve been invested too long to care what the SP does this month or next as long as I can see growth and that the company won't go bust whilst the world is in panic mode…

https://www.standard.co.uk/business/market-minnows-westminster-group-may-be-one-to-watch-a4382436.html

https://www.ghanaweb.com/GhanaHomePage/business/We-ve-begun-implementing-20-Container-Business-GPHA-875680

I wonder if this is reflective of when new port charges will be implemented? increase from 15th of Feb and just released this morning

https://container-news.com/cma-cgm-increases-local-port-charges-ghana/

one 10K buy over 13p but MMs already taken 125K of sales over 13p?

background buyers?

and the bid keeps on going up on the background... they've been hungry for share but at the same time trying to keep it at this level...

Anything under 12p was a sell... they’ve moved the bid up in the background, now offering over 12p for a fair amount.

It’s been a weird pattern over the last week with MMs willing to take big chunks at higher levels than advertised bid.

650K now...

they'll still take up to 600K at the moment... buyer in the background?

Just intrigued as not normal to be able to sell that many at one time, especially for WSG.

Up to 600K after that sale this morning... I can’t remember the last time I could sell that many in one go!

Hope this comes good in 2020 for all suffering long term holders, you know who you are!

Have a good one.

Tema will come once things have been settled between MPS and GPHA... which could happen any day... in my opinion WSG have us much clue as we do regarding timescale... we’ve all been following it on the press and seen how close things are... at some point an agreement will be reached...

I wouldn’t expect them to publicise how much money they are making with all the noise still going on in Ghana... they also said we will be getting paid more once the new tariffs have been agreed (not if)... the port hasn’t been working to full capacity either... etc

For me it’s in the bag and regardless of the profit it gives WSG some credibility in a new sector...

I’m more interested in KSA although it may sound like more Jam tomorrow they don’t hang around in KSA... WSG have already conducted detailed operational and vulnerability assessments...

Can someone remind me who the Sheikh was related to?

We look forward to the operation producing a meaningful contribution to our revenues in 2020 as the port continues to expand, capacity and throughput increases, and new tariffs come into operation.

New tariffs come into operation... we will get increase when MPS do hence we don't have signed contracts till MPS finalise negotiations with GPHA.

Can anyone share some light on this:

Under the sale agreement the Company will, at its own cost, ship the vessel to the purchaser in Greece in early 2020 and it will be secured by a mortgage charge over the vessel until final payment has been received.

Secured by a mortgage charge? Apologies if I seem dim.

https://www.rivieramm.com/news-content-hub/news-content-hub/saudi-arabia-drives-to-become-global-container-logistics-hub-57216

http://www.saudigazette.com.sa/article/585266/BUSINESS/Mawani-pledges-to-adopting-intlbest-standards-inports-operation