Member Info for MikeGP

Well, I think we have a first,..... there are 3 cargo ships line astern in port at the moment. I believe that is the first time that we have had 3 docked in this way,.. and this suggests to be that all of the berthing wall is now operational.

In the past week, 11 ships have been serviced,... up from the previous week.

Friday 3rd- Season Dubai
Saturday 4th- Season Dubai
Sunday 5th-Frisia Oslo
Monday 6th- Maersk Indus and Season China
Tuesday 7th-NYK Paula
Wednesday 8th- MSC Oriane and Union Service and Athena
Thursday 9th- Maersk Karun and Maersk Cape coast and Leto

Trump has a heart attack and dies. He goes to Hell where the Devil is waiting for him.

"I don't know what to do," says the Devil. "You're on my list but I have no room for you. But you definitely have to stay here, so I'll tell you what I'm going to do. I've got three people here who weren't quite as bad as you. I'll let one of them go, but you have to take their place. I'll even let YOU decide who leaves."
Trump thought that sounded pretty good so he agreed.

The devil opened the first room. In it was Richard Nixon and a large pool of water. He kept diving in and surfacing empty handed over and over and over, such was his fate in Hell.
"No!" Trump said. "I don't think so. I'm not a good swimmer and I don't think I could do that all day long."

The Devil led him to the next room. In it was Tony Blair with a sledgehammer and a room full of rocks. All he did was swing that hammer, time after time after time.
"No! I've got this problem with my shoulder. I would be in constant agony if all I could do was break rocks all day!" commented Trump.

The Devil opened a third door. In it, Trump saw Bill Clinton lying naked on the floor with his arms staked over his head and his legs staked in spread-eagle pose. Bent over him was Monica Lewinsky, doing what she does best.

Trump looked at this in disbelief for a while and finally said, "Yeah, I can handle this."

The Devil smiled and said, "Monica, you're free to go!"

Yes,....thank you for asking..... she's home,... still wiped out...but all good. Now in daily contact and, touchwood,... it's just a matter of time,.. being patient and not overdoing it. If she has 10% of the patience that we have shown on here she will be in the next Olympics!!! Hope that you are ok too.

Best

"But at the moment bulls are relying on unreported Covid makeweights and finishing car parks in Africa to cheer themselves up."
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Let us dream Foxy!!!! It's all we have in this lockdown!!

cj,

The December 2020 date for the final berth, berth 4,.. is the ahead of schedule date for delivery. In the original programme,.. the works weren't meant to be completed until 2022.

Berth3,... was also ahead of schedule and the delivery was meant to be end of Q1 2020,..ie about now. Some of the additional port side/berthing area was released in Dec 2019. But I have yet to see any fanfare announcing that is 100% complete and any kind of official handover/opening ceremony,... and perhaps that was never on the agenda.

https://www.dredgingtoday.com/2019/05/29/chec-awarded-phase-2-of-the-tema-port-expansion-project/

yrabs,... I suspect that is due to the fact that we are probably talking about a large amount of small sales,... which aren't worthy of RNS' releases in their own right. He has already notified to the market, in an RNS,... that the overall effect on tech sales are 'material'...... which means he has covered off the need to inform the market on a regular basis,... on the cumulative effect. Hopefully, he will do that nevertheless,... if only to show that we have some sales growth to offset the potential decline in other of business sectors.

Next significant news, ( excluding any surprises),... is the issue of last years' finals, due at the end of the months,.. so circa 3 weeks. That will confirm significant double digit sales growth for last year.

Best

Not beyond the realms of possibility that tech sales related C-vid alone could be higher than the whole of last years tech sales; they almost certainly will if the levels of recent sales continue for the next few months. As lockdown is relaxed,.. and it surely will in the next 4-6 weeks,... HMG has stated that 'testing' will be key to allowing people back to work. It's clear that there won't be enough individual tests produced to cope with the millions that would be required,.... so the thermometer and walk through screening procedures seem the most likely and in-expensive for companies to adopt, in trying to manage the return to work of staff.

To me that suggest that C-vid sales should remain high for some time too come; IMHO, I imagine that our biggest problem is probably sourcing enough stock to keep up with demand.

On another note,... the press interest that can be created around the Idris Elba story, is very good for SL,.. and Freetown.

Do you like the new me? It’s all true.
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Oh nooo,... and we are only one week in to lockdown,....! :)

Good news,.. friend is off the critical list and all looking positive. Anti-biotics working on the pneumonia; she's still very weak,.. now it is just about resting.
Best

Fri 27th Mar- Thurs 2nd April
10 ships serviced in the past week

Will be interesting to see how the C-vid sales and business as usual are written up in the press? Likewise at SL,... taking the opportunity to increase training and maintenance,.. so some income maintained. Again,.. showing our commitment in country painting our staff levels and helping with the Foundation. Thumbs up tp PF in this regard.
Best

alias,

Averaging 1.5 ships/day since I started monitoring again, from last Friday,..ie looks like circa 10 a week....at present but need to watch it for longer to build up a more representative position. For example,.... during the soft start up we averaged 1 a day,.. and our highest weekly turnaround that I recorded was 13.

Best

Here they are again, save anyone have to trawl back:
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I've looked at the combined revenues for just Q1 2020 and I believe they are likely to be in the region of £5.6M, which is close to, possible even higher than the full HALF year figures for 2019 ( H1 £5.6M) and 2018 (H1 £2.6M).

So year on year the current years figures will already be substantially higher that 2019's, which in turn were massively up on 2018.

My estimates for Q1 2020 are as follows:
£M's
1 Lunghi- Passenger 0.95
2 Lunghi-Freight 0.02
3 Training Facility 0.05
4 Maintenance and Service contracts 0.25
5 Tema 0.75
6 Keyguard 0.20
7 Ferry Sale 0.12
8 Euroops 0.03
Managed Services- Sub-total 2.37

1 Asia Port Contract 0
2 Balance of Middle east $4.5 vehicle screening 1.70
3 C-Vid sales 1.20
4 Tech Training 0.10
5 Other Tech contracts 0.25
Tech Division Sub-total 3.25

Combined Managed Services and Tech= £5.62M

... hope you are keeping well..... have you had a chance to look at the estimates I posted up yesterday. Would like some one else view on them.

Best

Foxy,.. thank you for asking.

She's sleeping most of the time,.. knocked out with antibiotics which are being used to fight the pneumonia,.. secondary knock on from the C-vid. This is he critical week. Fingers crossed.
Best

IMHO,...I agree with h&N. Lunghi in 2019 was in the order of £4M. H1 was £1.9M as reported by WSG in the interims and they stated that H2 continued with passenger levels at record numbers. So it would seem safe to assume that there would be some further growth on the £1.9M booked in H1,.. during H2.= Hence I came to the figure of £2.1M for H2 and a full year of circa £4M.

I believe the busiest months, in the past, have been December /Jan. We have banked almost all of Q1, before interruption, and so income generated should be circa £1.1M.

If there no flights for the whole of the remainder of the year we would be down circa £2.9M on last year. but we have already booked well over £1M on c-vid related sales... possible nearer £2M, given the rate of sales appeared to be £250 /week when WSG last reported, several weeks ago. So it would appear that any slack in the SL income will be mitigated in the large part by the c-vid sales?

Having said that,.. income isn't profit... and we know that the profit margin on SL is higher than on the tech sales; we'll have a much clearer picture in 4 weeks when the fInals for 2019 are issue and we have an update on Q1 2020.

As to the overall Tech sales for this quarter, Q1 2020; we should have received the balance of Mid East screening contract that slipped a little, time wise, in the order of £1.8M. With C-Vid sales (completely un-expected revenue, at circa £1.2M ( say)..... that is already Tech Sales of £3.0M without any other 'actual' sales generated in this quarter included.

With Tema starting the year up 69%, on 2019,.. as stated by WSG,.. (pre-c-vid)... there is every reason to assume that this years revenue will be, at the very least, the same as last years?

The important thing for us to remember is the overall state of the company and we are fortunate that whilst some of the divisions will be impacted, others are seeing growth.

I've looked at the combined revenues for just Q1 2020 and I believe they are likely to be in the region of £5.6M, which is close to, possible even higher than the full HALF year figures for 2019 ( H1 £5.6M) and 2018 (H1 £2.6M).

So year on year the current years figures will already be substantially higher that 2019's, which in turn were massively up on 2018.

My estimates for Q1 2020 are as follows:
£M's
1 Lunghi- Passenger 0.95
2 Lunghi-Freight 0.02
3 Training Facility 0.05
4 Maintenance and Service contracts 0.25
5 Tema 0.75
6 Keyguard 0.20
7 Ferry Sale 0.12
8 Euroops 0.03
Managed Services- Sub-total 2.37


1 Asia Port Contract 0
2 Balance of Middle east $4.5 vehicle screening 1.70
3 C-Vid sales 1.20
4 Tech Training 0.10
5 Other Tech contracts 0.25
Tech Division Sub-total 3.25

Combined Managed Services and Tech= £5.62M

So,.. those are my thoughts and calcs. More than happy for anyone to receive the incoming 'flak'!! Tin hat on now.

Be safe out there!

Best.

Whilst we while away some time on here.... I have a close friend taken in to hospital today,... surrounded by doctors and staff in full PPE kit. She is frightened and scared, ..C-Vid has become pneumonia .... and things don't look great.

So,... stay safe, be well,.... and keep things in perspective.

Best

Foxy,.. suggest you look at Tema Fees Tariff for 2018/19--- I don't have the link to hand but it is out there as I have the pdf on my lap top.

$65GHC for 20ft laden container--- @ circs $5GHC to us$ = $13US = circa £10/TEU
Lions share????.. say £7/teu---?

At the AGM... PF referenced fees at Felixstowe as being circa $15US and suggested that our contract would be of that order... and the published TEMA tariffs seem to substantiate that.

It won't be 3.5MTEU's this year, that is for sure. The final berth,... which in theory, creates the capacity to deal with 3.5M TEU's..isn't even due for completion to December.

We are probably,...based on the information issued by MPS and the recent comment issued by WSG,... both before lock-down etc.,-- looking at volume in the region of 1-1.5M TEU's for this year to the end of Jan-Dec: This is still very significant income for WGS and far exceeds the likely reduction in revenues from SL.,... assuming that the reduction isn't already covered by the new C Virus linked tech sales, of which there were none last year.

As to the large tech contracts,.. I think you said that they had only 2 in the past 8 years...you could have said that they have had 2 in the past 3 years,... which is a better strike rate and more accurately reflects the restructuring of the business and the additional focus placed upon the Tech Division; including the appointment of the head of tech sales. I also fail to see the reasoning behind focussing on the size of the individual contracts. Is one contract generating £3M better than 30 contracts at £100K each, generating the same overall sales income.Personally, I'd rather have a large number of sales and clients,.so that all my eggs aren't in one basket?---

Anyway,... just my thoughts.

We don’t know what Tema rev’s are. It might be Lions share of $5 - so perhaps $3 per crate.
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Hoe have you come up with this figure?

Foxy-- apologies---only seen part of this thread,... but where does this come from:

"If you accept that Lungi revenue in Q1 is/was £1.5m "--- that is £6m a year for Lunghi alone?

In 2018..the whole of the MS division only generated £3.6M?-- from the 2018 Final accounts.