Member Info for Only1Gibbo

Ozzie
Of 6.7m 2018 revs I have
Tech 2.6
Main 0.4
SL 3.4
Oth 0.3

Expecting Lunghi to be about 4.1m for 2019, so I put that Ghana being at least £1.9m. He does say at a greater level so it could even be a lot higher than that.

Yrabs , I did say, was it last week, that it was clear from the local press that the reorganisation at the African airport was still ongoing.

Keee, magic.......mushrooms? Is that what you're on?

There is a big difference Bigears. Our employee in KSA (and the one in Ghana on the same announcement) had already been appointed. We didn't announce the adverts for either of those jobs either.

Bigears, to be honest I don’t think we will even get that when Tema is finalised. Potential revenue would be the largest number possible, ie the full year’s revenue when the port is finished and at full capacity. Given the politics over there re tariffs that would be a red rag to a bull if the freight forwarders etc got a hear of that number. I think we will only get number of years.

It’s not just competitors it shows our hand to either if he disclosed revenue per TEU, but also potential customers. Say, just for example, we only charged $5 per TEU at Tema, others ports aren’t going to easily negotiate higher than that when they know we can do it for that price in Tema. I take your point that circumstances are different in each port, but it would put us on a negotiating back foot, having to justify every cent increase over the $5.

Oh dear, I've only just stopped laughing Qualia. So there are too many moving parts for you to form an opinion. Come Friday, how are you going to make that momentous decision whether to sell or hold given that you don't know what your expectations are or what will significantly beat them? What are you going to do? toss a coin?

I'd put you on filter, but the comedy value of your posts are just too good to miss Qualia.

Looking forward to it already. What will it need to spike to?

So why don't you sell then?

Is that your expectation of what they will be or what they will need to be to beat your expectation by a sufficient enough margin to keep holding?

No very relevant if someone states that they will use that as a benchmark whether to sell or hold on Friday. What are those expectations and what will they need to beat them by?

So what are your expectations for the financials? and what will they have to exceed those expectations by to rank as significantly better?

Numbers up on 2018 Bigears, but (i) how much of that 5% was in H1 as opposed to H2 (no one know if it was or wasn't) and (ii) weren't containers still going though the old part of the port whilst in start up mode?

HB - "Why can't PF say there's a lot more to come as the 'on account' is only a small proportion of the income and when we would expect the balance....on signed contract? " I suspect that answer lies in the politics of the situation. Clearly, from the press reports that many others have posted on here, there is huge upset at noses being put out of joint and the increase in port tariffs. To have WSG laud it about how much money they are going to make out of Tema is probably not helpful to anyone in the present situation. You can imagine the press headlines surely?

You also mention cash from the multi million tech contract. Good question. First we have all seen a number of recent tech contract wins. That equipment also needs to be financed before the customer settles its invoice. A growing business needs more cash.

Also, you do not know what is round the corner. Here's a theory, when we signed Iran, there was a requirement to exchange board letters for the contract to be effective. The expectation was that would be a period of 8 weeks to enable WSG to know the terms it was dealing on and to get the required resources in place before the final contractual commitment.

Now we have recently seen Toscani's advert for 6 roles in an African country. The advert was in French so probably fair to assume in a Francophone country. Would you recruit without a job/contract to employ them on? My thoughts are no, this is clearly for a specific contract. Then we have a fund raise, under the guise of being to pay for the CLNs, which as you imply HB , the revenue from the tech contract could have gone towards. So could it be that we have a contract signed somewhere subject to an exchange of board letters that we are currently putting in place the staff and the financing for the equipment required to fulfil that contract?

No explanation on Africa.

If my suspicion on location is correct then the previous explanation of “delayed due to a completely unrelated reorganisation being undertaken by the authorities concerned”
is still valid. Articles in the local press last autumn and earlier this month on the on-going reorganisation there make it clear that it is not complete yet. So until that is completed then I don’t expect any movement on it. Whilst hard to believe that a reorganisation can still be ongoing 12 months later, it is clear from local press that it is (assuming my suspicion on location is correct, which I’m fairly confident it is). :-)

Fair point, but to make a profit they still need to sell higher. The option of forward selling at a higher market price and buying back at the resulting lower price isn't there. I think I need to understand the mechanics of how you think they benefit from driving the price lower

Also, hasn't the third party also agreed to subscribe for £1.75m of shares at a premium to yesterday's (and today's!!) closing share price? Again, hardly gives them a motive to drive the price down does it?

win4call - I'm no expert on these shenanigans, but isn't the difference compared to Darwin et al that they cannot forward sell or hold a short position? So driving the price down can't possibly benefit them ie Darwin forward sold and closed the position by buying back lower. As I say I'm no expert, so if anyone can explain how it would benefit them to drive the price down like Darwin I'm all ears.

Me too Gay, but neither of those next imo. Either a west or central Africa airport is my view.

Indeed HB
“ British Prime Minister Boris Johnson and Ghana's President Akufo-Addo are expected to sign a £40m agreement this week which will see the construction of a new terminal as part of the upgrade of the Kumasi Airport.”
UK heavily involved, let’s hope WSG will be too.

Philbatch you’re back! I’m still waiting for a response to my question. Not holding my breath though.