Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I’ll make one observation - trying to topple the CEO or board when we are in the midst of a marketing campaign has to be one of the worst things we could do. It would inevitably delay things (and run funds even lower, thus weakening our position) and most likely give any interested party added negotiating power. How is that in an shareholders interest?
If they fail to deliver an acceptable offer, then that’s potentially a different scenario, but right now, it doesn’t feel like the smartest move to me
Check the time stamp and range at the time - it’s a buy
Sunday, the only way he can reveal an offer is via RNS - so he is required to be non committal in his email responses. This one was deliberately ambiguous for that very reason.
We can only guess and surmise until we get an RNS to tell us one way or the other. Frustrating, but that’s the way it is
It seems our Ed has vanished, as have his posts and user name - that was short lived then - until he appears under another guise
Anyway, at least we have a little SP activity now to keep us amused - which is far more interesting
Nice find a Jimzi. Isn’t that exactly what Tema we’re trying to avoid, and what the local traders are up in arms about? (Ie no more kickbacks)
But strangely enough, the new process of which WSG are a part, seem to overcome this and things now running much more efficiently.
https://www.ghanaweb.com/GhanaHomePage/NewsArchive/Nigerian-Army-delegation-visit-Tema-Port-770429
Could be a number of reasons Vander, with the primary one likely to be that Bolloré don’t call the shots.
Tema is ultimately a JV jointly run by Ghana Ports and Meridian Ports. Meridian is itself a further JV, with Bolloré along with APM, with the latter effectively owned by Maersk. So both APM (Maersk) and Ghana Ports would have a view as well.
Since both Ghana Ports and APM are also well versed in running ports, I don’t see how Bolloré would have been able to dictate who was used for container screening.
I was about to ask how you calculated 6p Edward - but having seen you other posts since joining today, I see that you are spreading similar doom on AST and CLNR.
Quite why you’ve decided to suddenly grace us and AST and CLNR with your insightful wisdom I’m not sure, but your approach seems consistent and rather negative without much substance. Well reasoned debate is of course welcome, but that doesn’t seem to be your game does it.
I’d be surprised if it’s only 20p when the contract lands, as we got to 18p on 5th July, without the contract.
A decent contract update on signing, with clarity on contract duration and value ought to see mid to late 20’s as a first step alone. I understand that sentiment is severely dented, but signing Tema is a major milestone which puts clarity on future revenues.
A 10-15 yrs contract working with Maersk indirectly is a transformational step - and when sentiment changes, this does move very swiftly.
Invest, no it’s wider.
RNS of 17th July gives a clear steer:
“MPS acknowledging Westminster as the Technical Partner regarding a contract to manage, operate, maintain and upgrade, as necessary, the container screening services at the new Tema Container Port”
Jones, you are quite correct. And I’d agree, it wasn’t the wisest statement - although by definition, as we have not yet seen the outcome of marketing, he could yet be proved right.
Views of the likelihood of that are very mixed of course, but the reality is we don’t yet know
Good lord, what has this board become.
Tradesmakes - you posts become ever more pointed and abusive, and whilst i accept everyone has a view and many may be disappointed (me included) and disillusioned by where we find ourselves, the game is far from over.
The only way to judge failure or not, will be whether an offer is forthcoming which is acceptable or not. Until that time, you know no more than the rest of us and all you seem to be doing is talking your own share down. Thats just counterintuitive - unless of course you have an ulterior motive?
So for the sake of balance on the board today, I remain one of those in the optimistic camp. The outcome won't be what many of us once hoped for, but i do believe that there is life in the share yet and we may well yet be rewarded - just not likely to be to the extent that we would have liked.
We all have the choice to hold, sell or buy. Im in hold territory, but each to their own
No need to reply by the way Tradesmakes, your position is very clear and I feel no need to read it repetitively - yet again, so I'm afraid you have joined a select club
Only its not like the others that didn't materialise is it - because a) they've told us exactly where and what it is, b) we have people of the ground already delivering a service
Yes its a frustration that the contract hasn't yet been signed - but we also know that they have recently decided to expedite the next phase and that necessarily means an expansion of scope and volume. Very logical to tie all that down now.
So either it was a private intro for a particular client(s), or a they have done it as a stand-alone deal between SVS and WSG.
If it’s the latter, I’m sure the FSA will be very interested to know how it was funded. Really does sound like SVS have got themselves in some hot water
So either it was a private intro for a particular client(s), or a they have done it as a stand-alone deal between SVS and WSG.
If it’s the latter, I’m sure the FSA will be very interested to know how it was funded. Really does sound like SVS have got themselves in some hot water
Acting on intelligence received about the assets in which SVS invested its clients’ money, we conducted urgent supervisory work and identified serious concerns about the way in which the business was operating.
The FCA has opened an investigation into this matter