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Don’t worry LRT, threy’ll be banned by CoB
I like your enthusiasm!! Just a word of warning. That is £100 million over 10 years and is turnover , not profit. But yes. Share price not reflecting this deal at all!! If funding is clarified in a way the market likes I expect a re-rate.
Shorters deramping as they want the s/p to go down is alas a bigger and bigger thing on AIM in recent years.
There's also Short(/ish) term buy traders who buy on good news .. and sell pretty quickly for whatever profit, they hope .. and then look to talk the share down to buy back in again as low as they can .. and then talk up again...and then sell again .. and rince and repeat ..etc..
AIM is A LOT about short ish term buy traders nowadays.. and plenty about shorters too ..
Why invest and talk share price downhill. Makes no sense to me as eventually they will find the true value.
The sentiment across AIM market generally is awful .... include the 'tricky' Fowler history here on top ....and it's understandable why the likes of Misty will readily get downward s/p traction from talking this down, alas..
While I'm annoyed this is a little 2.50p as I type, I understand the dominance of the de rampers here and generally on AIM around now... and the short term success they have.. but I'll sit patiently in the hope that news going forward will rally this - very - meaningfully up, into the future
PF is quietly focusing on the business as he has been doing to get the DRC over the line. People have been writing him off, he is not making the noise traders would like to see, i.e. ramp, place, rinse and repeat. This is now turning into a proper and viable business, not the WSG of old. I am confident things will turn here and happy for PF to get on with things in the background. As investors, we will have the last laugh, traders will only make so much trying to game the SP but if you accumulate in times such - as this as many of us were doing in the 1s when derampers were all over it - we will reap big rewards. I say watch this space, big few weeks and months ahead AIMHO
Need to clear the sell order to move up. Repeated 250k sells have been ongoing for a while now and the buying frenzy has dwindled.
Id guess spreadex who held 6.1% on last holdings rns are reducing. We had a couple of very high volume days when DRC was ratified. So they may have sold into that liquidity. Best guesswork only. Theres 3 other possible candidates if you check back from 2020.
The sp should adjust if and when its announced the contracts are live. Maybe sooner if Fowler announces debt funding with fav terms which surely is due. Hes back out there in a week.
Morning reece, no idea.
Morning misty ,what’s your buy back in price ,just wondering .
You can repeat as much as you like. Its worth what the market values it at. At the moment thats 2.6p.
What ever this company says needs a very large pinch of salt with it imo and it would seem I'm not the only one.
The proof or not as the case might be will be in the revenue down the line. What ever WSG say at the off, is being ignored.
Why is that I wonder?
Misty, I will repeat the question for your attention, Please provide a fair valuation of what you think the DRC contract is worth in terms of SP. Is 2.6p an accurate representation in your view, if not what is?
Lol "The ferry contract was internal miscalculation"
Exactly! and you want the market to take this seriously?
The headline is $10m ratified contract with a government led by a UK trade delegation. You seem to stuck in a time warp. The ferry contract was internal miscalculation, they messed that up. This is not a comparable contract in any way. Why don't you provide a valuation of the company based on this. You have numbers available to you now, is 2.6p a share a fair valuation?
So the headline was false?
DRC and ferry are not comparable contracts. This has been ratified at $10m per annum. SL is a successful contract and a better model to judge against
Jim- remember the Ferry contract headline?
300 million over 25 years! How much did WSG actually make?
Like I say market has heard it all before
Heading back to penny lane 😂😂😂
The board have said they value this deal alone at 10p per share on current data. This is based on the CFOs internal calculations. As revenues begin and with the transition to profitability we will be able forecast, the valuation gap will start to close. Only a matter of time now
The SP was nearly 6p 3 years ago on the first DRC news before the wait for ratification. Only the loss of Tema but cost cutting etc so i think better EBITDA.
Crazy its now less than half that now on finalised deal
I think the share was worth v approx 1.5p ahead of the DRC contract announcement Ian B.. so v approx 5 m gbp Market cap then .. and in the 8.5m to 9 m gbp Market Cap range as I type now..
I think its as simple as a large sell order driving it down. The Mms will take their stock but they want it cheap. I would expect a bounce when they are out.
A Lowly £8mil mcap now which is about what the companies worth with out the DRC 5 airports contract signed.
The new contract is not priced in at all now imo. Quite Amazing really but a reflection on wsg history of let downs.
I suspect a lot on the sidelines waiting for some news on financing.
There are those who have sold out hoping for a cheaper buy back and those who are still selling anticipating a deeply discounted placing. The market is tentative now as volumes have dried up but watch them pile back in as the tide turns. We need the company to announce a funding package on good terms, I hope soon. By the time first revenues are received in early H2 I don't think the share price will be trading anywhere near to current price.
While I can never rule out a placing in any stock. I still believe the mm's have "bored" the life of many people forcing it down and then winning when people sell up. What would happen if the price went blue, would a lot of people who sold out scramble to buy back in ?
AIM is such a brutal market these days.. scaring so many more again buy and hold participants away in 2023...and 2024 so far to an extent too , sadly.. and for this s/p to be 2.5-p ish as I type is a text book eg of the brutality imho..
This s/p was a tad under 1.5p ahead of this major DRC contract announcement .. it's now 1p more only.... that's currently valuing this seemingly very good long - term contract at less than 3.5 m gbp market cap to WSG.
I get people are waiting on up front funding methodology announcement including the quantum required .. but if/when there's an announced of debt for a few million quid - by a company with no debt as I type - even this extremely cynical market will rally this share meaningfully up I expect....
In the meantime this is a strong buy/hold imho.. (hold for me as I'm easily long and strong here now )
Hats doffed to your trading methods misty. A skilled predatory stalker preying on naive pi,s.
A silence as you feast then growl loud and long as you stalk the next kill. Awesome work.