Member Info for Only1Gibbo

OMG, you actually think that PF doesn’t talk to the client and relies on the local newspapers for information. Hilarious.

You say “What I would hope for and expect is PF to tell us straight up what remaining complications are holding things up, even just in general terms“ having just listed the RNS comment "Contracts are due to be signed once certain financial arrangements between MPS and the port authorities have been put in place, which are in the process of being finalised." Hilarious.

Come on Feeks don’t be shy like Philbatch. Let’s have a coherent answer, not just a single random word plucked from the ether.

Qualia, you can hardly blame PF if you can’t be arsed to ready what is already in the public domain. He has already stated just 4 weeks ago “We are pleased to note that the ongoing discussions between Meridian Port Services and the Ghana Ports and Harbours Authority are close to being finalised which will allow for our contracts to be formally exchanged” Nothing about unions in there was there? Oh and where do you think he got that information from? Yes that’s right, from MPS and GPHA just as you requested.

Feeks/Qualia in the absence of those discussions between MPS and GPHA being finalised, give me some examples of what additional information you think he could have given, that would have provided you with the new news that you clamour for without breaking confidences. In doing so, try not to forget that tariffs being charged at the port are well documented as being very sensitive and subject to huge scrutiny in Ghana to the point that a government minister tried to wade in on the issue back in December.

Eagerly awaiting your examples.

But it’s not just been the unions up in arms over the fees. Just because they now appear happy it doesn’t mean all other parties are.

So what would you have done differently Qualia? Walked away? Given them an ultimatum, sign or we walk? Stopped scanning containers? Please, I’m interested to know what your strategy would be.

H&N, I read that advert as six different roles, not one. It’s also clear he is hiring for an airport security company (i.e. us) not just acting as a recruiter for a third party.

IFRS 15 applies to all listed companies, and whilst you are correct in that we fall at the first hurdle of identifying the contract, it does address our situation where revenues are received without a contract in place.

As I mentioned yesterday Vander, waste of time trying to work out contract value from the RNS. IFRS 15 dictates what revenue can be recognised until we get a signed off contract.

What a ridiculous comment.

If someone is going to state “Two different posters confirmed Fowler’s agm estimate” then yes, I expect them to have been at the AGM to hear that said. But neither you or SFU stated that. It was merely one person’s guess at a figure , not even an alleged comment by PF or anybody else at the AGM. Which is fine. But for Vander to suggest that it was a statement from PF was basically a lie. He even tried to contradict Mike who was there and did hear what was said.

My argument wasn’t with SFU for having a guess, nor with you for repeating it. It was with Vander’s total misrepresentation of it for his own agenda.

Ah you mean Bigears' (who wasn't at the AGM) comment that "I recall SFU throwing a guesstimate out of $3-4 per container" (SFU not being at the AGM either).

So, to be clear, that was a guesstimate by SFU, who wasn't at the AGM, repeated by Bigears, who also wasn't at the AGM, and not a statement by PF or anyone else at WSG at the AGM nor at any other time.

P.S. If you're going to try and work out £ per TEU based on the Dec RNS, I recommend that you immerse yourself in the detail of IFRS 15 first.

Nor me AIMing. Maybe Vander can post the list of other posters that attended the AGM who heard that figure mentioned. Well Vander? Over to you.....

Which AGM was that Vander? Certainly wasn’t the one I went to in June.

Yeah Noodle, what have the Fowlers ever done for us? They’ve bled us dry, and their children, and their children’s children, and their children’s children’s children, and, .... well I don’t want to to labour the point Noodle but I know you understand what I mean.

In fact was only discussing this with Pete the other day Noodle. I asked him why he doesn’t get the contracts signed much earlier up the curve. He said, customers keep asking him the same, they keep presenting him finalised contracts signed by them but he just prefers to tell them to feck off because he would rather p*** the shareholders off than put his signature on the paper and earn some revenue. You’re right it’s clearly all his fault. No one else’s.

Your total distrust in him, but at the same time total belief that it will come good in the end (clearly as a direct result of his incompetence) is most surely a very well thought out and very perceptive viewpoint that only a sheer genius could comprehend and appreciate. You’re wasting your time though trying to explain that to the idiots on here. They think it’s the customers lack of signing the contracts that is holding us up. Muppets eh! Total muppets!

“Tema is in the bag” you say, well that just sounds like total failure to me. I mean, if you’re going to tell the customer you’re not going to sign the contract there is little point in pitching up to do the work and get paid for it anyway, is there? Disgraceful and quite shocking really.

But KSA is what really worries me though. I mean, how can anyone manage to negotiate a transformational contract with Iran, a country seen as a pariah state that looks at us as the mini Satan, then having the nerve to rely upon an orange blob to save him from actually signing the deal and then go and negotiate a JV with their sworn enemy with the prospect of providing even more services. I mean, what is that all about? I ask you!

HH still had a load of shares left as well. Could be them again. They sold a large chunk last time didn’t they?

I read that as multiple roles Eskers.

Fowlers

And re the convertible loan Panda, don’t forget that it was re-negotiated so that it can be repaid early without penalty, so it may not get converted anyway.

Not necessarily Panda. The warrant holder could equally decide to hold on to the shares from the warrants he or she has exercised. No requirement that they sell them into the market. Obviously some do, but it isn’t a given.

As daft as it may seem to you, because he has nearly three decades experience in the X-Ray screening sector? Seems a logical appointment for someone to manage operations at the port to me. Looking at Michel Saouda's and Kojo Ofosu Siaw's cv's I'm not sure they would be the personnel donning high vis jackets full time at the port. Or maybe you do?

Probably? I think you mean absolutely Vander :-)

Go on, humour me. Why are you suspicious they might not work for Scanport? Why would someone ( I assume you're suggesting PF) randomly select those three names to include on the proposal document if they don't work for Scanport? What is the advantage gained?

"Michel saouda and mojo ofosu Siaw keep up to date LinkedIn summaries"

"Neither mentions scanport- formed back in March 2019"

Well they're clearly not up to date then are they you muppet. There's an old saying, better to remain silent and be thought a fool than to speak and to remove all doubt.