Member Info for Foxhill

Obfuscation - was a word that I learned here. ;-)

I didn’t intend to twist your words. I wasn’t having a dig either. I have probably got hold of the wrong end of the stick - accepted.

Oh good. In fact on that basis I note that we effectively signed the contract last March;

In March 2019 we had entered into a Technical Partnership Agreement with a Ghanaian company, Scanport Ltd. In June 2019, we announced a letter of intent had been received acknowledging Westminster as the Technical Partner and setting out the preliminary terms regarding the appointment and scope of work relating to a container screening project at the new container port, Terminal 3 at Tema, Ghana.

Makes you wonder why PF was reportedly ‘desperate’ to get the letter of intent before last years AGM - if the agreement signed in March sufficed?

Why spend the following eight months spending money on RNS’s predicting the timing for the contract - and embarrassing yourself in the process - if the TPA suffices?

I don’t buy it.

The AGM is on 25th June. The CEO usually has something ‘inspired’ to share - though this year is probably a behind closed doors affair - so that’s not a given in 2020.

There is usually a rise into the AGM on expectation, so it might be worth holding on? DYOR. GL.

Our principle revenue comes from running Lungi. It’s closed courtesy of Covid.

Our secondary income is generated by a new scanning project in Ghana. Far less affected - but we still haven’t signed our contract with our in country partners - and still have no accurate idea on the fee received per TEU.

The shortfall on Lungi revenue is purportedly covered by sales of fever screening tech and Ppe.

The market wanted more info on TEMA and numbers on Covid tech sales.

Neither were forthcoming. The market ran away.

You’ve supposed again haven’t you.

I didn’t say he ramped. You’ve no idea what his view decision has been - but he’s probably like you, sweet.

If you had better things to do - how convenient you had a spare moment and fortuitously noticed my post within seven minutes. Hypocrite.

But here you are within minutes

I can do two things at once. Three actually.

Is conspicuous’ too.

And the rest...

Concur.

I don’t think it’s key. Signing a bloody cusp is key.

But signing Tema might restore some credibility going forward. The confirmation might lift sentiment?

I didn’t take it that way. No offence ;-)

Enjoy your Sunday.

Where to start.

I don’t think my share holding featured in PF’s calcs.

It’s not PF that is the fool around here? But you don’t say who is or substantiate - and it’s not a question - so I’ll park that.

Tema terms ( two issues here) were the topic of conversation. First, we can’t agree current throughput so speculating what’s the point of casting our speculation 2 or 3 years down the line. Second, I don’t want to be here then - so it doesn’t matter to me.

Lastly, fair value. I didn’t say £2.00 for the record. If you think that, then we were probably overvalued running into the last news. The value isn’t in just in the numbers though is it?

Circumstance. Clarity, confidence etc. Disappointment, delay, delivery all play their part. Probably a larger part in AIM.

And my view of what fair value is, is irrelevant. I’d suggest it’s the Bid.

But, just so you cheer up, I agree, if you say 10 to 12p - I’m happy. If the market disagrees, my happiness is unfounded.

Signing it would be nice. It’s either being held or there’s a dispute. IMVHO. WTFDIK though.

Thanks for not answering the question - as usual.

That supposed that PF thought that WSG would continue through 2020 at a ‘soft start’ level of through put. Nobody would assume such with additional berths opening etc. The port did 800,000 containers pa before this expansion did it not.

The £8m might be a complete red herring.

I care less what the rate is, than actually getting the thing signed. I appreciate that Aiming didn’t think it’ll make any difference, but I suspect it will, as long as it’s not a complete let down. PF needs to close a MSC that didn’t fall in his lap.

How many crates in PF’s projection for TEMA 2020?

Here’s the question you swerved earlier;

Dementia
The 56% (It’s actually 59% but don’t let forgetting details worry you - and I’m the one with dementia!!) increase doesn’t matter in terms of £/crate, in these calc’s.

If you take PF’s expectation, pre increase, to be 1,000,000 crates (and why wouldn’t it be £1m+ on one of your bullish days, what with extra capacity and glitches ironed out) you do the math’s then. You get to less than £4.

IF he anticipated doing 1.5m crates at £4m the reduce accordingly.

To get it up - you have to consider that PF was working on significantly lower throughput.

I love you.

The fact is we do know. PF RNS’d it. £8m - £4m = £4m less KG.

The fact is we’re not profit making.

“All the while with plenty of cuspy ops waiting to be converted when we come out of lockdown” - isn’t a fact. It’s a hope.

You prefer not to deal with facts.

And that’s with a 63% improvement in revenue. You wonder how much it’d need to go up by to generate decent profit?

I know, how about signing something?

I think it just tells us that tech margins are low.

It doesn’t alter the projection of £8m recurring rev’s. That’ll be based on the rate agreed. He’ll know that presumably, you’d hope.