Member Info for MikeGP

Only up to your nuts is what we call "Half a martyn"!

yrabs,

I suspect that nobody is keener to get the contracts signed and exchanged than PF! IMHO. I'm pretty sure that he'll be there in Ghana as soon as the MPS/GHPA negotiation is finally resolved,. even if he has to fly the plane!

Swiftly followed by an interview.... or two.

Even for us die hards the delay is now becoming increasingly frustrating...--- the encouraging thing is that work os progressing at Tema... the additional berths are ahead of schedule and just this week we have had some big service/construction ships in port presumably delivering cranes/construction materials. So I would expect another update on progress within the next few weeks from MPS. I'm keeping an eye on their FB page.

The ship movements for last week were down on the highs of the previous week,... as there was disruption with 'Hui Hai Long" in Port,. doing whatever it was doing with regards to the construction works.

Friday 10th-Maersk Calabar and Austral and MSC Margarita
Saturday 11th-Maersk Congo and Austral and MSC Margarita
Sunday 12th-MSC Margarita and Rhone Maersk and X Press Karakoram
Monday 13th-MSC Margarita and Rhone Maersk and AS Carelia
Tuesday 14th- Maersk Cabo Verde and AS Carelia
Wednesday 15th- MSC Josseline and MSC Katyani and Hua Hai Long( berth construction)
Thursday 16th-MSC Josseline and MSC Katyani and Hua Hai Long( berth construction)

Wk Fri 10th- Thurs 16th- 8 ships serviced plus Construction vessel in port

Apparently the patent is going to ISSUED soon!

linton,

Apparently the patent is going to missed soon. In the meantime things are hotting up.

Sheikh, rattle and roll!

All good steady income, creating new contacts,.. and widening the existing sales channel.

The tech Sales Director certainly does seem to be able to close a deal,..... perhaps he is due a promotion?

Vander,... I was at the last AGM,... and spoke with PF and other members of the BoD before and after.

I don't recall him ever saying £3/TEU,... certainly not within my earshot. He did, however, comment on other the fees charged by other ports,.... and mentioned $10-15,...per TEU,..... as being indicative of what other ports charge etc.,.

Gristy,... yes I agree too.

Sadly with these large managed contracts the reality is, ... that the program,... will never be within our control. The governments,.. statutory bodies,... all hold the trump cards and we are the bottom of the food chain. Regrettable,... but that is the way it is,.....- however,... when we land one,.....
Best

Gristy,....

I think that most would agree that Tema is one of his better deals,.. and just what we needed in terms of cash flow to keep the wolf from the door.
Once we get the contract across the line,... we'll know what the market actually makes of it; in fact,...pretty soon we'll have six months of operations under our belt, with ever increasing throughput and the phase II of the Terminal works drawing to a conclusion at the end of this year. Indeed, the 4th berth may well be completed ahead of Dec 2020,... given that the contractor has delivered early on the previous 3 berths.
We are surely in a better position now than we have been for many a year,.. even if the sp doesn't reflect that at the moment.

Tick tock,....

https://www.marinetraffic.com/en/photos/of/ships/shipid:481323/ship_name:HUA_HAI_LONG

----

This ship is entering port,... it's not a container ship.... as you can see! Looks like work is progressing well on the additional berths.

https://www.un.org/africarenewal/magazine/december-2019-march-2020/african-airlines-navigate-turbulent-skies

J,... at the AGM ..PF said the Tema contract was ... 5... 10.... or 15 yrs. Things may have moved on since them, but that is what he said at the time,.. ie end of June 19.

I doubt it is 5,... that wouldn't necessarily warrant the commitment that we have shown and the lead-in/start up exposure for all parties is probably too small. IMHO,.. 15yrs.

https://www.pmnewsnigeria.com/2019/10/29/lagos-and-the-prospect-of-lekki-deep-seaport/

In Nigeria,... another deep water WestAfrican port is underconstruction.

Lekki is funded by,... and largely designed by a Chinese engineering company, CHEC. The SAME company who has/is constructing the Tema berths. In lekki they are responsible for--- "the design and construction of the marine and landside infrastructure for the container terminal and utilities."

Hmmmmm.... if only they new a company who could help with that?

https://www.ship-technology.com/projects/lekki-deep-sea-port-lagos-nigeria/

https://www.pulse.ng/news/local/sanwo-olu-signs-dollar629m-facility-for-completion-of-lekki-deep-seaport/3cb4pff

Following on from the week before last,.. 12 ships serviced,. which was the highest recorded since the additional meterage handed over at the port,... the past week has maintained that record through put with another 12 ships serviced.

Friday 3rd-RHL Concordia and Maersk Cabu Verde and Maersk Cunene
Saturday 4th-RHL Constantia and MSC Dymphna
Sunday 5th-MSC Dymphna and Season Lebu and Maersk Douala
Monday 6th-MSC Rita and Season Lebu and Marersk Douala
Tuesday 7th- Irenes Remedy and CMAGGM Fort St Louis
Wednesday 8th-Irenes Remedy and CMAGGM Fort St Louis
Thursday 9th- Maersk Calabar and Austral and CMA CGM Lapis

Wk Fri 3rd -Thurs 9th- 12 ships serviced

h&n,

Morning,.... do you think the contract signing,..( assuming circa 15yr term),... will get us to that 26p strike level right off the bat? It should IMHO. I was hoping for considerably more,...

panda1,

I guess the extent of any lag of that the options will have will be closely related to the sp after the contract is signed,... and the 'target' exit price for the individual investor. I doubt may LTH's will be looking to exit at 20-30p level for instance? `Like wise if the news is good i terms of projected revenues/length of contract.. ( and remember PF has already stated that he is happy with the terms of the contract),.. then I would expect that there will be new investors coming on board,.... given that there is still a huge amount of un-fulfilled potential.

It must be 4 or 5 weeks now since we had news on further talks between the relevant parties in Tema,.. and doubt that they will have been twiddling their thumbs for all of that time,.... no doubt MPS will be applying as much pressure as possible to get this resolved,... and the longer that they are in place and ramping up the container throughput, then the more clout they have, IMHO.

More scanners are now operational,... and the ships being serviced per week hit were at a record level as of last week.

All very positive.

yrabs,.....

Prelim figures usually get covered in a trading statement update at the end of Jan,... at least that is what has happened for the past few years.

Best

.. as if Trump is trying to provoke a war. Nice way to distract away from the impeachment and the US love a war,..sure to galvanise support behind him for the election. Heaven forbid a President use his position for personal gain,.. doh,... seem to think I may have read that somewhere before recently...

Looks like they are getting up to speed and making good use of the additional 300m on the pier.

Last week saw the highest number of ships serviced per week since the new terminal opened in July, with 12 ships being turned around,... compared to the previous highest of 10, which in itself was achieved just a few weeks ago. This should be going straight to our bottom line.

Friday 27th- Cosco Fukuyama and Maersk Aras and Zim Say Paulo
Saturday 28th- Cosco Fukuyama and Mozart
Sunday 29th- MSC Oriane and Mozart and Abidjan Express
Monday 30h- MSC Valeria and Maersk Aras and Season Saigon
Tuesday 31st- MSC Valeria and Maersk Aras and Season Saigon
Wednesday 1st- Jadrana and Maersk Indus and Maersk Cape Coast
Thursday 2nd-RHL Concordia and Maersk Indus and Maersk Cunene

Wk Fri 27th-Thurs 2nd- 12 ships serviced

Steve,.... last day of financial year,... so just good-housekeeping? Not sure if it is obligatory or not.