Member Info for Vander

Bigears- the RNS are always transparent and usually convincing. The issue is the omission and miscalculation of key information which is only evident in retrospect
Wsg is a small company fighting for its life- no profit- no MSC for 8 years. Its large competitors in west Africa eg cotechna, SGS, globalscan, intertrk have visible fees. The rns will contain as much lucrative data as possible without triggering a subsequent legal dispute (or police investigation)
Wsg will not withhold info based on political sensitivities in Ghana or concerns re competition or future negotiations.Tema did not require a competitive tender- the terms are still under negotiation now. PF is desperate for a high SP

Regarding market reaction- it always over reacts- fuelled by naive newbies, happy go lucky traders, a simple to understand business model, and the siren calls of the BB. The SP would have gone into the 20s After PFs podcasts- what could go wrong

Aiming Thanks for your shared analysis of future prospects
I find the description of wsg as a growth company incongruous, sustained as it is sustained by one off tech contracts in various parts of the world difficult to sustain for such a small outfit. Their focus now also seems weighted to provision of training possibly a good idea in third world countries developing homegrown expertise
Your Tema MSC prediction may be correct but it will be dependent on performance, length of contract etc. Their remit is small- training and machine maintenance- and big new contracts surely require an excellent reputation in more than that
I like your optimism re KSA and unknown Africa airport- I will not comment further

My My initial point was greater analysis of where the revenues are been spent- I am unable to decipher financial statements- then we could challenge fowler on specifics- otherwise you get bland reassuring replies as per yesterday

Aiming you raise some excellent points though these are perennial

Why do they not generate profit despite the aforementioned revenue? Poor cost management? What would be the expected revenue and profit from the Asian ports project? Or Tema etc

Take your time on reply- it’s a key point

To be honest I preferred Tom cooper’s response in June 2019 in which he said absolutely nothing is going on here- you will informed of any updates through the usual avenues- move on, nothing to see here

A few says later they announced Tema- it was a good jape!

Aiming- do you realise that your description of fowler depicts him as a half wit - someone who is not even aware of the shareholders agenda, which may be different to his own or that of employees- and yet he ploughs on regardless

The refinancing is hard to understand and predict in detail
The simple take home message is probably no imminent Tema contract and another rns indication that income will make a ‘meaningful contribution’ to revenue- and by implication will not be transformative- several 100k usd income in 5-6 months- wsg are ‘pleased’ with the provisional contract. Fowler has the same emotion when announcing a placing/ refinance package- he was very excited when describing Iran

Welcome back to fantasy island Etin- shame about Iran- your posts were really helpful

Fowler is experienced- similar situations over the past 8 years- he does can kicking with confidence and purpose- no point showing uncertainty

Qualia- good timeline of ‘finalising’- also known as temporising- buying time/ avoiding arguments

Gibbo is right though- we should empathise with fowler more- if he believes the status quo will continue ie no contract- there is no bloidy way he would tell us that- not scanport or wsg employees- only mrs fowler- not Stuart- he has a big mouth

H&N Stop providing direct advice to buy

This article gives an indication of the coordination between military, police, and port services required for Tema security. Imagine the greater complexity required in KSA

https://mobile.ghanaweb.com/GhanaHomePage/business/Ghana-needs-maritime-security-fund-Naval-Capt-RTD-Kamal-Deen-Ali-841159

It was not a lie. I accept that I misunderstood the posts. I did not mention the posters by name.
Gibbo keep your anger in check

On the other hand the revenue estimate is consistent with the rns

Two different posters confirmed Fowler’s agm estimate- their posts followed the 19th Dec RNS

Sensible punters although still over optimistic as almost everyone on here is- depressing that this commentary was not disclosed before- a fowler defence is that his accurate and proportionate words and estimates are wantonly over exaggerated on the BB

Thanks mike- it contrast to the reports of other posters- but at least your account and previous calculations of profit and future SP are consistent

Mike- were you at the AGM where Fowler estimated revenue at £3 per TEU?

Prior to xmas the scan/customs inspection/tariff charge pathway needed tightening. The tariffs were being overzealously applied, with dollar Conversion mark ups. Hence the government ministers intervention.

How long will that take to sort out?
Fowler’s patiently waiting, but no wiser than us

Lifetime?

It’s ok the next generation of Fowler’s are coming through, and will grab the helm

How old are Fowler’s grandchildren?

Why do you think yavuz was drafted in?

You are probably right gibbo
I was just suspicious they are not working for scanport at all

Big ears has posted the transport minister’s letter on at least two occasions- it provides mitigation to Fowler’s poor judgement- but surely fowler has a greater knowledge of the content and timetable of underlying negotiations than the general public?
Otherwise his judgement of the ‘formality’ of a contract is no more credible than your or my opinion