Author Thomas Ramseyer
The unexpected and unconventional is appropriate
Powerful outfit Petroplus [more than 5 refineries throughout Europe running - thereof one in Switzerland -
excellent staff but for the management as well as the board of directors will be saved by activities such as joint ventures to, and/or establishing refineries in Nigeria.
For NIGERIAN people (160 Million) - not the government - rolling USD 1.7 Billion (1'700'000'000) and furnishing shareholder capital as to have fly and prosper Petroplus again is not a problem.
Each Nigerian investing USD 10.-- each raise shareholder capital of USD 1'600'000'000.
PETROPLUS - the rescue campaign
PETROPLUS - is said to have but CHF 1.1 Billion cash at hand. However, the amount needed counts for some CHF 1.7 Billion. Also the banks - a consortium of more than 10 banks - have ridicouleously cancelled the credit facility of CHF 1 Billion to fatally choke Petroplus. The aforesaid banks' credit facility consortium - a bunch of ignorants - tries to drive down the drain this marvelleous infrastructure being of immensef strategic value for the EU as well as for Switzerland. For the will be a pity to witness an unfriendly takeover by the date of Petroplus' yearly shareholders meeting. The passive way of the board's action as well as its communicative style hints that everybody but for the shareholders know about the future of Petroplus. (Maybe the ones having bought filling stations throughout Switzerland now need further downstream facilities to fix its activities. Don't forget remember: Petroplus' board of Directors' fatal strategy to run the company without upstream activity brought the stockprice from CHF 132 (July 12, 2007) down to some CHF 1.20 in January 2012. Imagine! roughly 100 times smaller then the top price.
It is evident: those managers have been, are and will be lacking skills (communication, office equipment), experience (leadership), know-how (mere specialists), knowledge (having worked somewhere in a bank for some time even years - at whatever management level - does not guarantee fitness regarding finance), flexibility (wits sluggish thus far too slow). Their ancient and backward looking way of leading - secretaries all over the place, having that air of really being busy (busy doing nothing) combined with the will not being disturbed by people of any provenience. In a nutshell; they still consider themselves breathing the air on the Olymp. They are in the wrong place and carelessly put their employees lives and existence at stake. They are said to still negociate with those ruthless ignorant greenhorny bankers which never will move one inch. Everything has been done for doing in a beautiful infrastructure - strategically important to the EU, Switzerland included.
Worst case scenario: the company raiding Petroplus thus acquiring its employees' (not its managments') skills, knowledge, know-how, science for building downstream infrastructure anywhere in the world, supported by some greedy bankers will get Petroplus for a flicker in the corner of a hooker's eye [CHF 160 Million (CHF 160'000'000) at an average price of roughly CHF 1.60, (100 times lower than 2007 then CHF 16 Billion (16'000'000'00)] will establish downstream business at their own country (cheaper labour, shorter ways thus lower transportation costs) to later drop all activity in former Western Europe. All facts considered this managements' poor performance is far beyond anything yet witnessed. Also they do not care about their teams, they will abandon them not before long. It is well known; unfriendly takeovers give the raider full power; the company being totally at the former's mercy.
There something must be fishy . . . very fishy.
White knight wanted; friendly white knight supporting the recovery of Petroplus by establishing joint ventures based on China-like conditions such as unlimited know-ledge transfer from north to south providing in return funds, cashflow, jobs, establishing infrastructure not only regarding the oil-business but real estate (Sika) as well as High-way/Road building (Implenia) (See board members' other seats)
Most important measures to be taken by the white knight located in Westafrica, Nigeria.
1) Untag Bonny light from Brent
(Brent really has nothing in common with Bonny light but for the chemical composition. It really is questionable that the prices of goods produced in Africa are fixed far off abroad in the United States. Those countries' innocent people (80% farmers, 15% illiterate) are at the mercy of some overpaid bonus hot cinic youngsters roaming about Chicago. Remember: all bonuses, all exorbitant salaries, all lunches, dinners and other fancy stuff done to foster customers, business partners and the sort as well as double transportation costs for some 16'000 kilometres
2) Bonny light be traded at Nigerian Stock Exchange, no commodity exchange needed in the first place
Trade Bonny light at Nigerian Stock Exchange in the first place. All facilities concerning the fullfillment of contracts have been in place ever since.
2.1) Establish commodity exchange to trade all goods produced in Africa
Establish a commodity exchange listing all goods produced through the ECOWAS such as Lagos board of trade or Abuja board of trade.
3) Nigeria Delta Downstream Corp. NDDC implemented
Found Nigeria Delta Downstream Corporation; issue numerous shares like 170'000'000'000. As the balance sheet of the aforesaid company after primary issue will be more or less flat in the first place, NO upfront capital is needed. NDDC's balance sheet will count only for NGN 1.7 Billion NGN.
3.1) Secondary offerings according to progress only - no bank credit needed
In secondary offerings Nigerian citizens are buying shares gradually according to the progress of the infrastructure being built
3.2) Easy thing to raise adequate funds from Nigerian individuals - the number for some 160 Million and can easily afford NGN 1500 each.
Considering the big figure rules raising funds in Nigeria will be a task to be easily fullfilled. 170 Million Nigerians each buying Petroplus shares for only USD 10 each provides funds accounting to some USD 1.7 Billion. Just calculate and imagine.
4) Infrastructure brought to Nigeria for the benefit of all stakeholders
Petroplus starts bringing in infrastructure financed by gradually raised funds through secondary offers.
5) Tor not striving at the mercy of the banks NEVER raise debt
NEVER raise debt. Everything can be financed by raising shareholder capital. Petroplus Nigeria thus will never be at the mercy of some bankers, Central bankers included.
6) Nigerian citizens become shareholders thus owners of their infrastructur
Shares are to be sold to citizens leaving a papertrail for getting their trust. No papertrail, paying upfront means 419 to all Nigerians. Thus all the money must forcedly be invested in infrastructure for the people to believe that they are not being duped (419, advanced fee fraud). They must see the progress for to gradually buy additional shares.
7) Transparency, transparency and transparency again
Utmost transparency must be granted, permanent roadshows showing the ongoing progress must be under taken.
8) Jobs for local people to create
Jobs for local people must be created. (Not the China-style bringing in all staff even all materials and tools, all of them and all of it leaving the country upon completion, abandonning infrastructure, real estate and others to rot away because of local people's lack of knowledge as to how those plants' maintenance must be effected.
9) Be reading the textbook
Read the textbooks: creation of jobs produces cash, cash means more consumption, more consumption leads to more investments, more investments lead to more jobs and so on. If under 1),2),3) described measures to be taken become effectgive the prosperous merry-go-round for all Nigerians will be kicked off not before long. The goal of Nigerian's present Jonathan Goodluck administration is going to be achieved. The medium- to longterm tasks (milestones) will be achieved for the betterment of all Nigerians even of all ECOWAS countries. (Nigerian boosted domestic economy will heavily influence the whole region.
10) Students' exchange
Exchange of students, inventing the swisslike apprenticeship system will have Nigerian population be able to build up their country's economy on their own.
11) Ultimate goal - Nigerian fully fledged
The ultimate goal must be: Nigeria does not depend on expats of other countries.
copyright thomas ramseyer
BSc BA GSBA
0041 44 850 11 05
0041 79 636 64 52
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