Member Info for MikeGP

Ohh Foxxy,... have a go,... through your ticket in to the little Christmas hat of hope!!

Morning Kee,

If I remember correctly, Temaparty, he/she... said that we would be 'in the window' from this week,... not that it would be this week. WSG on not adverse to an intra-day RNS,... so all is not lost for today yet...... in any case,.... only 16.5 trading days to go to xmas,..... so red dot day is not far away if you are of the opinion that it will land this side of the break.

Well,... if there was a little strike action at the Port it hasn't had much impact upon the number of ships serviced during the past week,..which was 10,... equalling the previous highest weekly throughput a fee weeks ago. We are currently averaging 9 ships per week.... albeit we have little visibility on the actual volum of TEU's. MPS said( on their Facebook page).. that they processed circa 65,000 TEU's in September,... but they haven't posted figures for October. ( I have just messaged them asking for those numbers.) Anyway,... the number of ships being serviced has increased since them,. and so you would hope that we are now 70,000 TEU's/month by now, which is circa 840K/year,... so already close to the annual 1M/TEU quoted. From a standing start and with new carriers putting Tema on their itinerary that bodes well for future growth.

Friday 22nd- Kota Lukis and Maersk Cunene
Saturday 23rd- Kota Lukis and JP Virgo
Sunday 24th- Normed and JP Volans and Seaspan Lahore
Monday 25th- JP Volans and Athena
Tuesday 26th- Nordic Macau and MSC Dymphna
Wednesday 27th- KMarin Aqua and MSC Dymphna
Thursday 28th- Maersk Chennai and Kota Lumba

Wk Fri 22nd-Thurs 28th- 10 ships serviced

Sorry Phil,... thought that your comments about being finalised were about the tariffs,.... you were talking about our contractual position--- Completely agree,. even though we are getting paid,... we need it signed off.

Phil,

The increase in Port Tariffs have been agreed, officially announced and come in to force on 2nd December. I haven't seen anything 'official' concerning the concession relation to the 20% volume being retained.

https://www.omagroup.com/new-port-tariffs-for-ghana-2/?utm_source=rss&utm_medium=rss&utm_campaign=new-port-tariffs-for-ghana-2

AND...

Here it is confirmed that the increase in the tariffs IS NOT conditional on a 20% concession. That is still under negotiation.

"Mrs. Esther Gyebi-Donkor, General Manager, Marketing and Corporate Affairs of GPHA asserted that, the Authority observed with disappointment a recent statement released by the Importers and Exporters Association of Ghana and published by some media outlets, contained inaccuracies including the fact that, there has been an agreement in Dubai between “Ghana Shippers Authority (GSA), Ghana Ports and Harbours Authority (GPHA) and Meridian Port Services (MPS)” and described that alleged agreement “as a scam set up to tax shippers through dubious means”.

Mrs Gyebi-Donkor revealed that undeniably, GPHA and its partner MPS has had a recent business engagement in Dubai, but it must be placed on record that the said meeting did not include the Ghana Shippers Authority (GSA) as alleged by the aforementioned organization.

She also placed on record that the implementation of the tariff increment which is to take effect from 2nd December, 2019, was not a compromise for the 20% retention of container volumes by GPHA which is currently under negotiation between the two entities."

https://www.ghanaweb.com/GhanaHomePage/business/GPHA-justifies-impending-port-tariff-increment-802414

At the AGM I asked about the length of the contract,... I asked if was 5, 10 , 15yrs?---- he said,...one of those.

So I am guessing 10, or more likely 15.

Fair do's Foxxy.
If it's money in the bank, then it's money in the bank and at the end of the day you can't really argue with that.

Probably very few LTH's on here can honestly say they have made a lot, if anything on WSG over the past few years. Hopefully that will change very shortly and we will be rewarded with a rise that will be commensurate with the patience shown!!

Apologies,... I know that one of the LTH's here took the time and trouble to look at the potential year earnings for this year,.. and posted the info up here.
Don't have the time to trawl back through all of the posts,.... whoever, it was,... would be you please post then up again,.. whilst we wait,.. and being so close to year end ...it seems like an appropriate time to review them.

Thanks in advance.

noodles,

This from this years Half Year report in August:

Also in January 2019, James Sutcliffe, by agreement, left the Westminster Group Plc board to take on the role as Chairman of the International Advisory Board, where the benefit of his extensive international experience and high-level Government contacts overseas can be of significant value to the Company's business development and expansion going forward. James is already assisting the Company with several large-scale opportunities in Asia and South America.

So it looks as if we have some irons in the fire in South America,.... but as far as I am aware there is nothing further out there than that. I seem to remember PF mentioning something in one of those recent interviews,...? ..but not sure...?

Best

AIMing..

"as a minimum we know that there will be an AGM in June....so i'm sure we'll hear something by then!! maybe"
-------

I made that point to PF a few days ago,. " ...we are nearly closer to the next AGM then we are too the last..."

Penguin,.. you probably know this,.... but, in general,... this tends to get knocked down at the open and then tends to finish stronger. Not always,.. but in the main. 20.5 trading days to Xmas.

Tematrader said last that as of now we are 'in the window' for signing,.... he/she have made timely posts before.... figures crossed. Either way,... the containers are being scanned and we are clocking up revenue. The trading statement at the end of January will be interesting as we will have been operational at Tema for over six months by then (albeit with a 'soft' start-up.) ...and we should get some visibility of income.
Likewise the first half of this year has seen record passenger levels, with even more carriers joining in H2,... so that too should be positive.

"A bit more patience required".... thinking of having a tattoo with that on one arm,... and "Don't buy anymore on the other arm!"

These are the bits I was referring too:

"She also reiterated that the Port Authority is not Government subverted and needs to operate on a sound financial model to be able to pay for the over 4,200 Ghanaians on its payroll and also pay dividends to Government.

She stated that the Port Authority is fully aware of its important role as the gateway to Trade in Ghana and invariably is responsible for about 90% of Trade Transactions and will therefore not agree to implement any measure that will jeopardize the National Economy.

Mrs. Esther Gyebi-Donkor said, GPHA will always be prepared to dialogue with all stakeholders in the interest of good corporate governance but will at all times do so with the overall National Economy as its principal interest.”

Good question,.... bu I would have thought that it would be the agreement on the tariffs and the price structuring around the tariffs that would have been the hold up to the contract signing. If you read the new Tariff pricing document,... which is for Tema and Takoradi,.. you can see that the pricing has now also been structured to reflect the volume of goods being shipped/handled. That doesn't necessarily effect us as these costs in the main relate to the handling on to and off the ships,.. but it would, no doubt, have been an important part of MPS' negotiations etc., and their 'profitability'.

From our point of view it appears that MPS have negotiated the % increase in the tariff without having given up any of the overall volume ( as per the previous article, which suggested that they had conceded 20%)..... so good news. However I suspect that they will give something back, if only to placate GPHA and allow them to 'sell' the deal to the unions etc.,

The way the GPHA stressed in that article that decisions would be made in the 'national' interest,.... suggests to me that the government and powers that be are in agreement have backed and given the green light to MPS etc.,.. hence we have the new tariffs operational from 2nd December.

No red dot yet. But the last was intra-day,... and in any case we are now one day less until it does appear.

Morning Lefkosia,

If volume is no indicator of price or price movement,... I'm interested to know why you would use volume as a reason to make an investment?

"BIG increase in volume ttradedd from 2.30pm on friday without anRSN Detected so had a blind final top uup at 10p withoutt kknowing knowinng what wwas goingg on."

Could the new Westminster/Ghana company.... be looking to this too... they will clearly be aware of all of Tema contractors and systems and will have no doubt visited Tema to witness the operations.

8 AUGUST 2019 NEWSGhana starts $475m Takoradi Port expansion projectSHAREGhana has started the construction work of the multi-purpose Atlantic Terminal Services on-dock facility at the Takoradi Port, which will entail an investment of $475m.The expansion of Takoradi Port is part of the Ghana government’s strategy to establish Ghana a trans-shipment hub in the West African Sub-region.The project will be executed on the EPC basis by a joint venture (JV) of Ibistek, an ingenious Ghanaian company, and the Ghana Ports and Harbours Authority (GPHA). The Royal Haskoning DHV is offering technical consultation.The first phase of the project was launched in Takoradi on 2 August 2019. The scope of the project includes construction of a 600m quay wall with pavement, while the port basin will be dredged to a 16m depth.It will also include land reclamation to construct five new berths to enable the port to accommodate larger vessels. The first phase is expected to cost $200m and is slated to complete in next two years.Ibistek chairman Kwame Gyan told AllAfrica: “This is the first time the locals are building and operating a deep sea port and we think that the capacity we have developed from project inception through execution shows our capability. Down the road we will end up in the West African sub region.”Explaining the proposed development during the second phase, Gyan told the publication: “This port will be ready with all the facilities of a first class and then we continue from phase two to extend the key length from 600m to 1,495m so we are in it for the long haul. We know that by the grace of God we will get there.”The Atlantic terminal, when completed, will have a cargo holding capacity of one million twenty-footer equivalent units (TEUs).

https://www.ship-technology.com/news/ghana-takoradi-port/

Could the new Westminster/Ghana company.... be looking to this too... they will clearly be aware of all of Tema contractors and systems and will have no doubt visited Tema to witness the operations.8 AUGUST 2019 NEWSGhana starts $475m Takoradi Port expansion projectSHAREGhana has started the construction work of the multi-purpose Atlantic Terminal Services on-dock facility at the Takoradi Port, which will entail an investment of $475m.The expansion of Takoradi Port is part of the Ghana government’s strategy to establish Ghana a trans-shipment hub in the West African Sub-region.The project will be executed on the EPC basis by a joint venture (JV) of Ibistek, an ingenious Ghanaian company, and the Ghana Ports and Harbours Authority (GPHA). The Royal Haskoning DHV is offering technical consultation.The first phase of the project was launched in Takoradi on 2 August 2019. The scope of the project includes construction of a 600m quay wall with pavement, while the port basin will be dredged to a 16m depth.It will also include land reclamation to construct five new berths to enable the port to accommodate larger vessels. The first phase is expected to cost $200m and is slated to complete in next two years.Ibistek chairman Kwame Gyan told AllAfrica: “This is the first time the locals are building and operating a deep sea port and we think that the capacity we have developed from project inception through execution shows our capability. Down the road we will end up in the West African sub region.”Explaining the proposed development during the second phase, Gyan told the publication: “This port will be ready with all the facilities of a first class and then we continue from phase two to extend the key length from 600m to 1,495m so we are in it for the long haul. We know that by the grace of God we will get there.”The Atlantic terminal, when completed, will have a cargo holding capacity of one million twenty-footer equivalent units (TEUs).____https://www.ship-technology.com/news/ghana-takoradi-port/

....and they are still showing delayed buys and showing them as sells.

lol...……… very funny MB, lets hope he is not wearing his false teeth then !...
____

Oh no!!..if that isn't an invite for Toshlines ... to appear.....!

Mb,
If a ship has arrived at the end of one week,.say on the Thursday.. but doesn't leave until the following week. ie it is still in Port on the Friday or Saturday ..... then.... I don't double count it! -- that's probably it.

Last 4 weeks have seen ship serviced, as 10, 9,8 and 9. The past week of 9 ship serviced included one day when both berths were empty for 24 hrs.--possibly some work being done,..?...
____

Friday 25th- AS Carelia and Maersk Danube
Saturday 26th-Maersk Cape Coast and America
Sunday 27th- Maersk Columbo and Zim Rio Grande
Monday 28th- AS Carelia and Seaspan Lingue
Tuesday 29th- Seaspan Lahore and RDO Favour
Wednesday 30st- MSC Margarita and RDO Favour
Thursday 31st-Kota Lambai and RDO Favour

Wk Fri 25th-to Thurs 31st October- 10 ships serviced.
_______

Friday 1st- Kota Lambai and Maersk Cunene
Saturday 2nd- MSC Ines and Frisia Oslo
Sunday 3rd- MSC Ines and Frisia Oslo
Monday 4th- Maersk Chennai and Maersk Cabo Verde
Tuesday 5th- MSC Katyayni and Maersk Cadiz
Wednesday 6th- MSC Katyayni and Maersk Cadiz
Thursday 7th- Season Felixstowe and Abidjan Express

Wk Fri 1st- Thurs 7th- 9 ships serviced
________

Friday 8th- Abidjan Express and Navios Azure
Saturday 9th- Seamax Greenwich and Navios Azure
Sunday 10th- Seamax Greenwich and Tommi Ritscher
Monday 11th- Seaspan Lebu and Kmarin Atlantica
Tuesday 12th- Kmarin Atlantica
Wednesday 13th -MSC India and Kmarin Atlantica
Thursday 14th- Maersk Calabar and Maersk Cape Coast

Wk Fri 8th- Thurs 14th- 8 ships serviced
________

Friday 15th- MSC Naomi and Maersk Cape Coast
Saturday 16th-
Sunday 17th- Seapsan Saigon and ANL Wyong
Monday 18th- Maersk Columbo and Maersk Tema
Tuesday 19th- Maersk Iyo and MSC Kim
Wednesday 20th- Maersk Iyo and MSC Kim
Thursday 21st- Kota Lukis and Maersk Cunene

Wk Fri 15th-Thurs21st-9 ships serviced.