Member Info for MikeGP

..... and what was nice about yesterday,.. was the intra-day RNS,... so just because there is no red dot at the moment,... doesn't mean there won't be one!

They don't seem to object to the 20% of containers have given up..... just sour grapes. The deal has been signed off by all of those at the meeting last week,,.. and that included the Minister for Transport. Just think we just have to sit and wait.... and most probably,.. not for all that long.

txs dibs

... are we due a tick up in to the close,..?

Tema,

"We'll be in the zone next week ;)

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We, LTH's, have been in the zone for about 3 years!!!!! ... just been waiting for the company to catch up!

Well,...if we are of the opinion that it will be this side of Xmas,.. then there are 23 trading days for the red dot to appear!

Abba's.. "Money, money, money"?

The Director-General of the Ghana Ports and Harbours Authority, Michael Luguje revealed that by the end of 2020 or early 2021 works will begin on the construction of the Port of Keta.
He said the MPS terminal 3 will make transshipment trade very attractive to Ghana.
“The expectation is that vessels from the West or Asia will carry all the containers to Tema and smaller vessels will transship these containers to Sierra Leone, Liberia, Gambia, and the rest. Terminal 3 has been constructed with a berth capacity of 16 meters,” he explained.
He said whiles Port of Tema is being promoted as the container hub for the West African sub region, the Port of Takoradi on the other hand is being positioned as oil services hub of the sub region.
Michael Luguje also gave some highlights of some developmental projects in both Tema and Takoradi Ports.
He encouraged the media to take advantage of the open door policy of the Port Authority to have access to all information to better inform the general public.
“If you want to understand the activities of the port, call on us for all the facts that you need to educate the public appropriately,” he stated.
The Deputy Director of Environment & Safety Standards at the Ghana Maritime Authority, Capt. Inusah Abdul- Nasir said his outfit is not shirking its responsibility in ensuring safety navigation.
The Head of Freights and Logistics at the Ghana Shippers Authority, Fred Aseidu Dartey lauded the paperless port initiative which he said has contributed significantly to the reduction in demurrage charges to shipping lines.
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https://www.facebook.com/Eye-On-Port-Ghana-158293394679077/?eid=ARDlCy9Nckgdu2n5YZ51ONsyNO1BX9dVa2wi1Qs8BXaSSTqahhKBjQL8X2IYBKAtOBSLIJBMIV__UnbZ

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Interesting snippets.... Port of Keta... mentioned and Sierra Leone

"I am aware of the many exciting opportunities the Group are developing, particularly in Africa, and I am confident that as a full member of the PLC board and of the Ghana subsidiary, I will now be in a much better position and able to devote more time in assisting the Group develop and grow its business throughout Africa and beyond."
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I wonder who will be at the contract signing!!

Thu, 21st Nov 2019 11:21

RNS Number : 2346U
Westminster Group PLC
21 November 2019

21 November 2019


THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014





Westminster Group Plc

('Westminster', the 'Group' or the 'Company')

Non-Executive Director Appointment





Westminster Group Plc (AIM: WSG), the AIM listed supplier of managed security services and technology-based security solutions to governments and government agencies, non-governmental organisations (NGO's) and blue-chip commercial organisations worldwide, is pleased to announce the appointment of Mr John Maynard Mawuli Ababio to the Board as a Non-Executive Director with immediate effect.



Mr Mawuli Ababio, aged 60, is an accomplished Corporate Financier/Investment Banker with over 30 years' experience in structuring private equity and project financing transactions in Africa.



Mawuli began his career in 1984 in Geneva, Switzerland as an analyst with SIFIDA Investment Company (now BNP Paribas SIFIDA), with responsibility for the company's portfolio in North, East and Southern Africa. In 1991 he joined the African Development Bank (AfDB) in Abidjan, Cote d'Ivoire as a member of the pioneering team to set up the Bank's Private Sector Department. In 1994 he moved to Ghana as Manager of one of the UK Commonwealth Development Corporation (CDC) first ever sponsored African SME Funds.



In 2000 he co-founded Faith Brothers Ltd, Ghana, as an investment holding company and subsequently acquired Citi Savings and Loans Ltd. a leading micro-finance company in Ghana. This latter company was subsequently converted into Intercontinental Bank Ghana Limited and eventually acquired by Access Bank plc of Nigeria.



Between 2005 and 2007, Mawuli consulted with PwC France for Pro-Invest an EU funded initiative aimed at setting up VC/PE firms to fund the SME space in Francophone Africa. In 2007 he moved to Johannesburg as Managing Director of the Africa Venture Capital Association (AVCA), the industry body for African Private Equity. In 2010, he joined PCM Capital Partners (PCP) to advise on setting up the West Africa Emerging Markets Growth Fund (WAEMGF), a regional PE investment vehicle whose LP investors include the AfDB and South Africa's Private Investment Corporation (PIC).



Since 2012, Mawuli has been the Vice-Chairman/Managing Partner of PCM Capital Advisors a regional private equity fund with a diversified investment portfolio in several countries in the West Africa sub-region.



Mawuli has extensive board and corporate governance experience having served on several listed and unlisted boards over the last 20 years, both as an Executive and Non-Executive Director. He is bilingual, speaking fluent English and French.



Mawuli is well known to the Company having served on the Westminster Advisory Board for a number of years and his move to the Main Board follows the sad p

greendale,

“The GPHA has finally got the 20 per cent container cargo handling request. Paperwork will be done by the middle of next week for final discussions, approval and signature by the close of the month or in December and we hope labour agitation will cease,” they said."

https://www.graphic.com.gh/news/general-news/gpha-to-handle-20-of-cargo.html

Aiming,
Yes, agreed, RSI is high,.... but this time we have some real substance behind the recent rise and some visibility on time scale. Bound to be some profit taking, but,... with such little float and more and more seemingly being mopped by the long term holders, including me,... it feels as if the baseline has been raised. Will be interesting to see what the FOMO effect has tomorrow.
Best

New Tariffs.

https://www.omagroup.com/wp-content/uploads/2019/11/Ghana-Ports-Tariffs-02Dec19.pdf
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So from the revised schedule, my understanding is that the Port dues-Container handling charge has increased as follows- Import between 1.28-15.38% ( it doesn’t appear to specify the criteria for the sliding scale)…. and Export charge increased by 12%. ( top of page 4). Does everyone else read that the same way?

Well.... 2nd December for new Port Tariffs,... .. that surely is a slam dunk for WSG contract signing, in the very new future,... I thought that it would drag on in to December,.. but with that news, I now think it really could come at any time.

All coming together nicely.

Lots of irons in various fires, we know how long these things take to get to fruition but, Lunghi, Tema,... and just one or two others.. will transform this company. The most positive take away from the recent appointments is that we do seem to be attracting the right calibre of staff and we do seen to be very active on a number of fronts.

"Fowler added that there are currently 28 airports in Saudi Arabia handling 82mln passengers annually, while the Kingdom’s port infrastructure is unrivalled in the Gulf region with 11.000 ships and 8mln containers passing through every year.

Through its Saudi Vision 2030 Privatisation Programme, the Kingdom has committed to unlock the value in its state assets through privatisation, build-operate contracts and outsourcing in a programme that includes its ports and airports.

“We have already held joint meetings with both port and airport authorities within the country and further meetings are being organised,” Fowler added.
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Massive potential.

Hopefully,... it's about now that they reported the 'paperwork' might have been completed following last weeks reported meeting. Once the outcome of the negotiations is 'official' the I would imagine that it will pick up some more press coverage.

No probs,..!

McDoule...... would have,... but it was a SELL!!!

... stop messing with the 1 code whoever you are!!!