Member Info for Foxhill

Lost my reading glasses down the front of my nappy.

I don’t think I have said anything particularly negative today.

It seems that if you can’t write something glowing - you’re obviously a paid troll.

You’re just like Jake. You swerve and change the argument.

You can’t answer the question. PF thinks £8m in TOAL recurring rev’s. You get to £8m on Tema alone. I’m just wondering why your maths is so at odds with the CEO?

I didn’t predict a reduction on 2020 year end figures. If I did - copy it.

I didn’t predict 4p. Gige did.

For a guy with a BSc you’re incredible juvenile.

I’m not quite sure what you’re getting at.

If you just focussed on their two MSC’s (almost) delivering £8m a year (12m if you’re Alice, but he’s had all day to answer that question, and hasn’t) and assume Tema margins to be something akin to Lungi’s. Forget all the other noise, and apply a modest PE - you find yourself a long way north of here.

But for a business riding Covid with aplomb, as described today, we find ourselves, still, at roughly half of where we were when Tema became a formality and Covid hadn’t shown it’s teeth.

There’ll be a reason for that. There is for everything.

Well us and the wider market it seems.

Some encouraging buying. Interesting to see if YA/Riverfort can lay off a bit and permit a rise.

Let’s see. I stated a fact or two - and asked a question that seems pertinent. One perhaps, with a BSc, you’re better qualified to answer.

Your reply didn’t seem to address anything I said? But that’s normal.

I take various points from within the RNS. Some are quite reassuring. But folk don’t need another analysis from me.

But as I read it I was thinking of you Alice. Much as you were thinking of me. Kisses.

WSG’s own expectations in 2020, for just their recurring revenue is £8m.m That’ll be the sum total of Lungi, Tema and Keyguard. We have some known values to work with. Lungi will have been expected to do £4m+. Keyguard, I have no idea - let’s say £250k. (H&N can correct me). Which leaves Tema at something less than £4m. Or £4 per crate.

How is that you get to double the companies own expectation?

PS. I still manage without carers. Hence a lay in until 11.30. But thanks for your concern.

I look forward to introducing myself to Alice at the AGM.

Not as much as I look forward to seeing Mossy, perhaps.

I woke up eventually - and read all these wonderful interpretations and thought, right whoosh then.

But na. 3%. What do you suppose the market doesn’t get?

Win’.

Think Pete’s “likely February” suggestion was because that was when MPS and Scanport were due to sign. And he’s high and dry because Scanport might see things differently.

If it can happen twixt the government depts/GPHA & MPS.

Why not twixt Scanport and is.

Robin! Have you casually asked Pete about this?

What it says and what they do are more often than not at odds.

That funding package was way over my head. I’ve got wonky maths and no BSc!!

As you say, Murky, probably. There are no rules.

Do we KNOW exactly how many noses are in that trough?

No prob’s.

Agree.

What I did say was;

“
If you accept that Lungi revenue in Q1 is/was £1.5m - then Lungi not reopening during 2020 (very unlikely) gives a £4.5m shortfall. ”

Lungi remaining closed had been mooted by another poster.

I then got pulled up by H&N for exaggerating Lungi income.

Can’t win.

At 0.75m for Q1 (nobody knows)

Might get impacted, might not be significant, might grow gradually in H2.

Fair so far?

So you’ve got H&N’s (I think) number on Teu’s for 18/19 @ 800k to 900k. So we should do 1m+ in 2020.

So £3m ish quid for 1m ish Teu’s give £3 per crate.

Anything wonky yet? That almost matches Lungi and might be modestly described as ‘material’.

So I want to know how anyone gets to £8m and still thinks PF would describe that as ‘material is beyond me.

And Feeks. You had Covid sales as the equivalent of a new MSC. Elaborate.

You largely disagree with Mike’s maths on Tema then?