Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
An increasing stream of tech contracts, JV starting to show early benefits, Tema generating steady income, Lungi volumes up.....feels like some momentum at last....
....at this rate, we may even see a contract at last
Good to see.
And another one too that I missed:
https://www.wsg-corporate.com/news/new-contract-award-iconic-london-building/
Indeed - well developed techniques, and commonly used. No big drama at all, particularly given where the fracture and water ingress is.
Clearly some wish to see this in a particular light, but the info is out there to make an informed judgement - as well as the clear potential of this well.
Some odd SP behaviour today.
That last trade at 2.4p (38,966) showing as a buy, was actually my sell. Which was all the more intriguing as it was a limit sell set at 2.2p which had been pending since 12.47 when the limit of 2.2 was triggered, but sale not executed at that point. Buy order lurking in the background?
Here you go - looks like Rio
https://www.google.co.uk/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&ved=2ahUKEwif19PowZ7mAhWTBGMBHUzdC7EQjRx6BAgBEAQ&url=https%3A%2F%2Fbunkerone.com%2Flocations%2Frio-de-janeiro%2F&psig=AOvVaw1hwVYPWTfhKnaIjyWXFKTY&ust=1575635501573294
Not sure which port those photos are of, but it’s def not Tema. But it is interesting to note how they are using a port photo as a headline reference for their business.
As you say, having Tema is a ver6 useful and high value reference point for potential clients. Will be even more useful when they can talk openly about the contract being signed and it’s duration
And for something different, this new “port to port” rail line won’t do any harm for container volumes
https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=11&ved=0ahUKEwiYna_N7pzmAhUZShUIHf5nBAo4ChCpAggmKAAwAA&url=https%3A%2F%2Fwww.modernghana.com%2Fnews%2F971702%2Ftema-mpakadan-railway-line-to-be-ready-in-august.html&usg=AOvVaw2T3oTKjxaRoL_Fv8Ry1Jz4
The whole issue of increased fees seems to be mired in confusion. This article is much the same as the one just posted, but also includes a suggestion of a 200% increase!!!!
https://www.ghanaweb.com/GhanaHomePage/business/New-10-9-port-tariff-in-limbo-as-importers-and-exporters-allege-over-200-rise-805591
But interestingly also seems to suggest that they knew full well that 10.9% was agreed and had planned for this, as well as having renegotiated contracts.
So confusion seems to reign at present. 10.9% doesn’t seem to be the issue, but rather efforts to charge more. Interestingly, this article makes it clear that the 10.9% has been agreed by Govt and represents the balance of a total of 20% that they did agree:
https://www.myjoyonline.com/business/2019/December-4th/allow-diplomacy-to-prevail-president-urges-trader-unions.php
So where 100% and 200% are coming from and why is a bit bizarre. But the 10.9% seems clear, agreed and accepted by traders.
This certainly won’t do any harm to the volume of traffic going through Tema:
https://www.peacefmonline.com/pages/business/industry/201911/395956.php
VW, Nissan and Toyota setting up assembly plants near to Tema - and that’s means long term container volumes. All of which is good news. Makes you wonder what other business a nice new modern port will attract nearby.
You beat me to the link. Here's the content:
Westminster’s aviation division, Westminster Aviation Security Services (WASS) in conjunction with our Strategic Alliance partners, the Gulf Aviation Academy (GAA) in Bahrain, are pleased to announce that we have jointly secured a number of important aviation training contracts with new clients in Middle East & Asia.
The specialised courses, which will be delivered over the next few months and which are worth tens of thousands USD, are just the beginning of what we expect to be a long and fruitful partnership in the delivery of high quality certified security and training services to the aviation industry
I wonder whether this might generate any business?
https://www.myjoyonline.com/news/2019/November-15th/bridgetown-and-tema-sign-agreement-establishing-sister-port.php
This bit caught my eye:
“ The intended scope of the sister port agreement is to facilitate the exchange of commercial, technological and operational information in seeking to improve the visibility, trade and relationship between the two ports to the mutual benefit of Tema and Bridgetown.”
Since the new electronic and scanning arrangements at Tema are about as technologically up to date as possible, that suggests that any benefit on the “technological and operational” front is most likely to be for Bridgetown’s benefit. That seems to be borne out by the following:
https://barbadostoday.bb/2019/04/24/upgrades/
Exactly Gibbo - hence why no RNS. The contract is already in place - it’s simply continues to run.
Tema getting sorted - will all fall into place shortly by the look of it
So, now I’m far more interested in what we don’t yet know about. Saudi, East Africa, and even Iran might be back on the cards. Could be an interesting few months ahead.