RE: Summa Airports BOT Business Model26 Mar 2023 12:31
One thing I hope we all agree on from history is that Pete ALWAYS shoots early. So whether it’s Ferries, IRAN or Tema, or DRC and Liberia, if there is a sniff of Wsg looking good, he communicates and drowns in his own excitement of zillions in revenue… even if that proves to be slightly less than truth… it helps get the placement away ( for pre contract expenses of course)…. so for Freetown expansion, he has done the opposite… he mentions it in passing… and provides the bare minimum in information… so “ we welcome. Blah blah blah…”…. not a mention on likely future revenues coming his way, even though he has acknowledged that footfall could increase to a massive 1m a year…..so is it not incredibly obvious that he has NOT been able to wild **** guess revenue predictions because he is now a sub contractor to big boys who are very much in control of what Pete can and cannot say…. He is a toddler versus a grown up …. And it shows that until Summa have decided how much of the pie they are willing to give Pete, he is silent… welcome to the real world Pete, and I look forward to the next RNS, because I think it’s going to be a make or break for both Pete and Wsg… this pig needs some lipstick. B