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Smudgedan,
Completely agree. Don't think the numbers will particularly encouraging at all,.... its the forward looking statement and the update on the two new contracts that will be interesting.
Any news on Tema will also be welcome,... and need on the 4th berth,... it must be very close to completion now but I suspect that they will have to MPS the operator, who will no doubt want the headlines when issuing that sort of news.
An update on SL will also be useful-
... and of course any news on Saudi--- and the in country progress, be that in the formation of the company or whether discussions have resumed on the Port opportunities.
Best
Not expecting anything fantastic numbers wise from the interims given this from the AGM statement:
"As noted in the Company's 30 April 2021 announcement, these disruptions and delays continued into 2021, with travel restrictions still in place in many parts of the world, resulting in further 'right-shifting' of certain expected contracts and revenues, which have impacted H1 2021 financials. Despite this, we are pleased to re-confirm that, with the expected easing of restrictions, recently secured contracts and a strong pipeline, we still believe we can meet full year expectations at the revenue and PBT level."
For me its more about how the various contracts are developing and an update on the ratification of DRC.
Perky it is....but we just about the recent placing price so nothing really special....I think the market will wait to see the numbers tomorrow before any material moves....hopefully PF will not let us down this time round.....:-)
morning.... a bit perky again this morning....... B
Fowler’s Oman/Iran scam was over hyped from the get go. Wsg were in the frame because of Trump- a small operator who could achieve a dollar work around. Trump signposted Iran sanctions 6 months prior to his inauguration in nov 16. Fowler announced the ‘ME contract’ in Dec 16 with attendant excruciating financial detail but no detail on attendant risks which in retrospect was criminal -he hyped this until it fell apart in may 17, with a judicious share placing.
It is part of a repeated pattern of unscrupulous promises/MOUs/ unilaterally signed contracts which were poorly thought through and oafishly planned prior to rns announcement. DRC may be different but the market judges not with the current management team
13th August 2021 Interim Period Results Announcement. Peeps loading up before results tomorrow.
Isn't bordering on criminality just another way of saying there was actually nothing criminal about them?
Cheers TheRiflemans, Friday it is then.
Oh guys. Come on. We’d done a great job of ignoring the sore loser all day. Don’t him the attention he craves.
I’ve said multiple times if you invested before 4p you timed it wrong. They were pre profit and always going to need money. The worm has now turned and emotional investing will cause a lot of PUs to lose money. Tough titties
https://www.wsg-corporate.com/investor-relations/financial-calendar/
AH 2021, sorry but you asked for it! Is it not your boots that are full of do do? And for that matter your trousers too, assuming that is, you actually put them on today and are not still sitting in your underpants!
Aiming21.... possibly a better option than seeing the total sh@t you put out on a regular basis
Fowler has also presided over a savage SP destruction 90p to 4p,repeated SP dilution, nil profit, with repeated dishonest RNS which border on criminality.
This real money not monopoly money investments could be real life changes how can you invest and be so downbeat In real terms investers stand to make millions on Friday or in the next week's . Why invest then think you got it wrong. I can't imagine if you have shares why you down them
IMHO... All will become clearer on Friday, DRC nervousness will be calmed and the SP will pick up as a result ...
if I could fill my boots anymore at this price, I would do so
GLA
John if you look at the YOY earnings (Half 2 2020 not counted cos Covid init) and there are delivering. Relatively fixed cost base means operationally geared now. Taking your emotion out of it you’d see it’s in great shape currently. The haters are going to hate all the way up. Just need to churn out a few more bitter or bored holders and the sky is the limit. I’ve a large slice for the medium term
Oh come on its 16m for a reason £10mill revenue in 2020 - wage bill of 4.6million £320k to Fowler and his son it’s basically a cash cow for them don’t get me wrong you can do well if you time it just prior to the jam tomorrow rns’s and placings but it’s never worthy of med/long investment you only need to look back over the last few years announcements to get a measure of their accomplishments it’s always if it wasn’t for or unfortunately due to ………regurgitated time after time
Gibbo............. nah...... he deserves nothing........ lots of companies in same ferry [I mean boat]........... during covid..... WSG is a security company....... world has never been so insecure on many fronts .......... sounds like a rich market that Pete has failed to get a big enough slice of..... might all be coming together..... 2022 sounds like the year we will know.....
B
On the flip side you might give credit for the CEO of a £16m mkt cap securing a £500m 20 year contract whilst also keeping the company treading water during a pandemic during which the largest revenue stream (SL) was switched off for 6 months. He also negotiated a similarly superb deal in Iran that would have happened were it not for Trump. I suspect we will see similar sized deals in KSA as he has set up a JV where the other party is headed up by a senior royal. I’m not saying he has never made a mistake, but I think he deserves some credit.
yrabsmurruc I can remember it well was invested in wsg back then 21 yr potential ferry contract 300million it was a ****** disaster from start to finish they bought a ferry too large which kept getting damaged on the river bed and didn’t even hit the water until a year after it arrived then they raised funds with cln’s and there was a placing almost every quarter and then wrote it off and gave it away you couldn’t make it up it was like something out of a carry on film anywhere else the ceo would have been shot
thanks Gibbo....... my problem is that this [DRC] looks like its too good to be true........ and its best for me to let myself down gently before Pete does it for me..... I would love to put 3 to 4 miserable years behind me.... less than 100M shares about then, market cap about the same.... so only SL in them days....[and a near miss IRAN].....but Pete has a habit of pi55ing on bonfires......... A new CEO with the right experience of dealing with a potential explosion in company growth would do wonders for morale, Pete doesnt have the calibre, he is a corner shop man [Arkwright] ...... we need someone who is ...well... less pasty !!.....lol.....B
Yrabs, I think there is a huge difference between the two
1. Ferries were not our usual line of business/ knowledge.
2. We were setting up a new business in competition with existing suppliers
Here we know what the pre COVID and current PAX levels are. The Company knows the fee per PAX so it’s really not hard to come up with a sensible forecast. There is no competition. If you fly from one of those 5 airports in the next 20 years, you use WSG services. It’s as simple as that.
Its not a condition Pete has made its a government process that is standard procedure for DRC and not even wsg could change government procedures. We are told its a formality by the company and by Arden…… but lets call it a high hurdle anyway.
Flushed plenty out at 5.2p and now its a massive bargain for new investors assuming all goes to plan. Nothing priced in, not even the Tower of London contract and Houses of Parliament contracts let alone a £500million contract.
Dear Dr........ some remember this RNS from 2014:
" the potential revenues under the Concession Agreement are expected to be in the region of US$300m. Westminster is currently organising logistics, deploying resources and preparing the terminals with initial expenditure covered by existing working capital resources. Westminster is engaging with and recruiting experts in the field and, together with ferry operator CWind, is exploring various options for the procurement and provision of the initial vessels. Services are expected to commence in Q1 2015 once ferry craft arrive in country"
Not sure some have forgiven Pete for that moment in time....... lets hope DRC isn't another "Ferry in waiting"......... sold the Ferry on HP @ £10 quid a month, prop shaft still up for sale on ebay.... no takers...........B