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Do you think they will get the ratification. 3rd time I've asked now. Strange you've not answered
There was quite a few times when Fooler mentioned things ‘moving right’ , meaning timescales shifting out.
I think , when he spoke about financials he said something along the lines of ‘if we don’t make 2021, he’s much more optimistic about 2022’.
It was implied quite a bit that certain things would have to come in to make the 2021 numbers, which they might , but they might be 2022 instead. This ‘right shifting’ again.
Personally, I think 2022 numbers are more likely to be hit than this years. Some things that don’t sneak in will fall in to 2022 so that could be the bumper year.
On a separate point - this notion that they think the SP could hit 26p from the CFO. That would require a 5 fold increase in SP - potential but highly unlikely. The other thing it would require is the number of shares in issue doesn’t rise - I’d say that is practically impossible for this BoD.
Did I make any suggestion “that I’d nail my balls to a wall” (unnecessarily childish - but I appreciate my viewpoint annoys you.
IF remains valid. The market is unconvinced. I gave it a timescale, your challenge didn’t.
STILL related to excuses.
You're worried that someone selling what is just over £1k 'knows something'???
well at 5p, the market thinks its an IF and a STILL..............I think the signal from Pete that ratification done and conveyer belt started for the DRC and Liberia cash to come in, will signal the move back to 6p.... and beyond..... until then, good time to fill ones boots, still might see a dip in to the 4s... but wait for Mr 25K to stop me thinks, wonder what he knows or is this a final sale of the 4p confetti..... B
Very much so. You posted "IF" and "STILL"
I asked you a direct question and you avoided it. You might be the illiterate one Foxy.
Will DRC deal be ratified, yes or no?
Can you read?
Try again, then think for a moment - and you might be able to answer your own question..
So are you nailing your balls to the wall and saying the DRC contract won't be ratified?
Ride a **** horse to Banbury Cross....free bar Sept 3rd
Less trades than listeners?
All sounds very promising. But the enthusiasm hereabouts evidently isn’t shared by the market. IF they are going to ratify DRC and do 15.7 in ‘21 - that should significantly impact the SP in the coming months - there’s only four to go. (I’m learning Ian)
Pete’s had 10 years of being fobbed off by potential African clients - so if anyone should have learned not to suggest “formality” or “days or weeks - not months” it’s him. So it’s pretty poor to hear that multiple dept’s etc are STILL the excuse for delays.
Sounds like there’s lots going on, always has been. ‘Never materialised yet though, hence ‘markets reaction. It’s absolutely not interested in what Pete says anymore - credibility it seems is evidently gone ENTIRELY until contracts are signed UNCONDITIONALLY.
Confident of getting to 26p was a comment I was happy with... 2022 hopefully
It does show how unconvincing wsg BoD are still seen by the market.... and considering the market looks forward, you would think some of the contracted jam would have a tiny positive impact....... Pete did his best today to convince us all that £15M is achievable this year alone..... but nope.... the market is in "show me the money" mode....... and probably reasonable considering ........ hope Pete hasn't gone out and bought a bicycle ..... no airports in Banbury are there?... but then again, that could be an opportunity........ wonder if that mask vending machine is still in the shopping centre in Petes town centre....... Banksy might scribble on it and make it worth something.........B
Dr M..
..and you forgot to mention training which is also now operating above their expected recovery numbers
I agree Maccers. I see this stagnating around the current price for the short term. Ratification and/or some sizable tech contracts could push it up a little.
I think the multiples come over next year as the numbers start to flow through. If we have to wait until this time next year then I can live with that….but I do think that we’ll see a rise through 2022. And as has been seen in the past, when this moves it really can fly…let’s just how there are no more raises to kill any SP momentum!!
Guarding
I forgot to mention guarding. Like the Interim RNS, PF states the guarding side of things is about to perform a step change in revenues. There must be some big deal in the offing
Not to mention Iran lol. I'll happily discount it to zero until JCPOA back. Who knows what will happen. The Yanks are in a funny mood.
All in all they do seem to have turned a corner and if these things all play out there isn't any doubt the SP will be multiples higher. The trick is not to get annoyed its not much higher now and sell. Or sell when it does rise a bit but that is just confirming everything is on track. For me, if they keep delivering (big if apparently!) then this will be a multi year hold for me
The bears will pop back when there is a small rise in share price. They always do…to blame the twitterati for spiking it. Amazing coincidence.
Dear Dr........ I have had a brain transplant........ I am no longer a bear., more a bullobear............lol...........B
Unsurprisingly im bullish so im sure the usual lot can comment for the bear case...
Financials/Forecast
PF is repeatedly bullish about not just 2021 numbers but more importantly the 2022 numbers with £23mill revs and £5.3mill profit. There was a nice table to show where the revs gap from H1 to H2 is coming from and onwards to 2022. These aren't just made up numbers. They've to show the broker, nomad etc and if they mislead the market its a big deal. Hitting 2021 numbers will be impressive but certainly that huge jump to 2022 numbers will be colossal for the SP
DRC
Its signed and can't get unsigned he says. Although cant earn us any money until ratification so you can understand why we want that. Covid, personnel changes in DRC and the bike/aircraft crash all sighted as causes of minor delay. PF says its all a formality citing all the gov agencies involved and i would tend to agree. Anyone calling this as not going to happen will have egg on their face at some point soon
Technology
PF liked the "right shifting" chat but its likely true. There seems to be a number of large tech sales in the immediate future, certainly one looks nailed on to bolster the 2021 numbers up to £15.7mill rev targets
Current MSCs
Tema working well and expanding, SL airport up at over 70% numbers now. All good things, may it continue. Tema seems more immune to coined that the airports tho.
Boarder crossings
This was one of my questions (they read out a few). Not an imminent contract but sounds like a tech sale that turns into multi year revs. Perhaps one to land in 2022. He quoted the scanners can be up to £15mill+ so certainly not going to harm a FY revenue if/when one lands
BF
Initial report sent to gov. Im sure it say "everything you have is ballix, you need xyz which we can provide for $x/passenger". If they get the same $25/passenger as DRC then that's great cash. The main International airport has about 700k passengers which would mean revs of $17.5mill/year
KSA
Again they seem bullish albeit progress is slow. Their man on the ground is on the ground in Japan. They are bringing him back to the open day to meet some folk then sending him into KSA to finalise banking arrangements etc. I hope they then don't have to start from scratch but merely conclude some of the deals. They mention the KSA 2030 project thingy again but extremely interestingly name drop Saudi Aramco for the first time to my knowledge. I wouldn't mind an RNS to say we are guarding the bank value at Aramco HQ
All in all i was happy. They didn't discount further right shifting of work meaning financial slipping but were at pains to say its not lost revs they just get booked later an boosts the next years total.
What say you bears...
Ha.... Aiming... yes I am starting to warm to wsg and the future........ I have been slowly adding in the very low 5s [5.1 - 5.3] and believe we might actually see 10-20p next year............. Pasty Pete seems less pasty of late and one cannot argue with signed contracts.... [even those that need ratifying]......... If we can stay at 330M shares and start to build decent revenues next year of £20M plus......then I sense the very wide corner is fully turned after some 7 years or so... Pete may be off the naughty step, but he is still on Santa's naughty list....... for now. B
Andy.... just booked my Hotel--- going to stay over on the Friday evening if you are around for a beer and supper?
GTS1---- yes my ears pricked up at that--- I was thinking less than half that amount.
Yrabs: you’ve changed! Not sure I like it…it’s unsettling. Next thing we know Foxy will be bright and breezy and Aiming21 will post something intelligible.
I thought it was a decent presentation. Not much new, but did try to answer Qs. Clearly PF doesn’t think ratification is an issue. (He really should stop putting timeframes out that as we keep “holding him to them”!! How unreasonable are we??)
I was really pleased that they still seem to think 21 expectations are achievable…as others has posted I’m skeptical, but anything double figures would be decent as I’d be surprised if the reds added much this year. I do think DRC will throw off some ludicrous cash over the next few years. It really feels like all ducks are in a line. As a medium term hold this could be very rewarding.
I always thought PoW and ToL were basically loss leaders to get the brand out there. But 7 figured from ToL is great. Plus I suspect the Saudis will go weak at the knees for the “same security as the Houses of Parliament and Tower of London”
Sounds like it will be a big deal, with ambassadors and high commissioners from over 20 countries pitching up. A superb opportunity to showcase the services and products we can provide.