A new MSC - even a tiny one like Lungi or Tema is worth £4m per annum @ c50% margin, and it’s real value is in the term.
Covid sales need to be c£2m a month (@ say 20%), every month, just to cover Lungi shortfall. And the term? Indeterminate at best.
There is no comparison twixt the two. Covid tech is a welcome but temporary ‘plaster/crutch/makeweight. You pick. It is categorically not “like getting a new MSC”
And still nobody mentions Africa. Is the consensus here that’s dead too - living in the long grass at Bumbly.
And I don’t think he’ll able to stop talking about the cusps.
He’ll be on ProActive with that aggressive thrusting young financial journalist Andrew, answering even the most probing question with both reticence and relish. Pouring over the progress made over the last 12 months on cusps as far as the eye can see, and some exciting ones that you can’t see, but he’ll tell us about in the coming months.
Africa will happen he reports. It’s just a matter of time.....
My view of DHC has always been thus. We have crossed swords each time he’s been in - and increasingly when he’s out. I’m not calling him out afresh - and certainly not with the aim of burgeoning my likeability. And it certainly has no bearing on credibility, for me anyway.
That would be childish.
I’m never going to be popular here. I don’t (rarely) say the right things because Fowler doesn’t do what he alludes to. - the best to be hoped for is when Fowler actually signs something, and I go quiet, whilst treated for shock.