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That 500k at 2.6p is also a delayed buy.
Might be a scramble to get back in once momentum returns and if it can get 10% up or more
Peter Fowler’s RNS’s are nearly always on a Friday at 0700.
Some buying going on currently, ahead of news?
Morning All
2024 could be the year!!
Thanks for those posts MikeGP ,I’ve never felt more positive over the years about Wsg and the endless possibilities of long term contracts and the latest scale of contracts achieved or likely to happen soon .
"Join us at Counter Terror Expo for an exclusive demo of LINEV's latest innovation: the Clearpass C.I. This advanced mobile body scanner is designed for detecting contraband 'on' or 'in' the body, boasting world-class image quality. See it June 19th & 20th,...."
https://www.linkedin.com/feed/update/urn:li:activity:7196106550569041920/
More on Taiwan ports, who committed $1.4billion(!)... to upgrading ports...
"The 5-year plan, which was proposed by the Ministry of Transportation and Communications, was approved by the National Development Council on 16 August 2021.
Under the plan, a total of 29 projects will be carried out at seven commercial ports including ports of Kaohsiung, Keelung, Hualien, Taichung and Taipei, as well as Tainan’s Anping and Yilan County’s Suao ports."
AND....
"Taiwan’s Maritime Port Bureau also plans to invest approximately NT$9.7 billion for 33 projects to renovate four domestic commercial ports of Budai, Penghu, Kinmen, and Matsu.
The ports will be upgraded with smart and green port technologies according to their special characteristics to strengthen the competitiveness of domestic commercial ports, meet the basic traffic demand of various port areas, improve travel safety and port service efficiency, and drive local tourism and economic development."
_____
So perhaps more orders to follow...?
I was their and learnt a lot about the company that day, all good
Wow David... that's amazing insight,.... -- thank you for that----- I don't remember meeting you in Banbury when the company was warded the Queens's Award for Enterprise... maybe you were just hiding under a rock.
Investment into this company doesnt increase the share price, it only pays for the board of directors salaries
X-ray pallet and Cargo scanner. Not sure what the margin will be, maybe 20%??? Can’t complain.
Pessimistic or just realistic Lowrisktrader.
Many have been party to PF's hype and placings in the past. If ever there was a candidate for Project based finance it was Tema. It was hyped then a placing. Now exited. No debt, no monthly debt repayments so you see the appeal.
Isn't one of the DRC's airports, Goma I think it is, close to an active volcano?
These things are risks that have to be balanced in deciding what finance route is taken.
Aiming h,
Totally agree on all counts.
Best.
Thanks Mike. debt financing was always the best option. For me, the fact that the share price hasn’t jumped takes an equity raise off the table. I can’t see how it can be the cheaper option at these levels. If it had burst to 10p then that would be a different proposition.
I expect this to move if they can confirm debt funding, and again when they can confirm revenue starting. But I think the market will be mistrusting for a while yet.
If they can pull a second rabbit out this year then that could be game changing.
Waiting game I guess. Market seems to have a founds its level until new news.
... think it is worth scrolling back to the notes taken by the investors on the broker presentations.
I few key issues:
It will take a few years to roll out all of WSG's services across the 5 airports,... it's not all going to happen at once.
Part of the roll out willl be financed via the revenue received.. and the rate of roll out will not affect the 10$m.annum....
WSG has covered off a lot of the 'contract' ending early scenarios, in quite a comprehensive' way...
Debt finance, if structured sensibly, is much better than equity finance,... and PF and MH have already said that is the way that they would like got go,... and that they have several offers on the table....
Despite the fact that they are going to fund initial set up from existing funding I doubt that it will be much longer before we hear from WSG as to finance. I believe PF is out there now and MH is going out at the end of the month.
SL is at record numbers.... and admin overheads have been reduced, by a significant amount.
If the CFO is going out I can think of two basic scenarios,--- he's going out to sign off on days in respect of staffing, office es etc,... in which case I imagine he would like to have the finance agreement in his pocket.... or he's going out to confirm final costs etc., in order that he can come back and sign off on the finance facility? So either way.. it will be what it will be.
The contract is signed,.. it's happening,... and we'll all be a lot wiser in just a few weeks.
Think that is overly pessimistic Rifleman. The sums needed to get this project going are a fraction of the possible and likely revenues. I am presuming that right now work is going on setting up operations in DRC through existing funds while they finalise extra funding. Would be surprised if they need much more than £2 million to get operations started by 1st July as stated in RNS and I have reasonable confidence this will be achieved without dilution and without burdening the company with big interest payments on debt
It doesn't seem to be going anywhere near 10p so...
On what is envisaged to be only £8m revenue when you get to the end of the first year what does PF and company do?
Does he take on project finance and saddle the company with both debt and interest payments, or does he go for a placing or Darwenesque finance with co debt or interest payments? That's about where it's at.
Project based finance has its pluses but if the numbers have been overflowry or the contract runs into problems or ends prematurely your stuck with both the debt and the repayments.
So what's it going to be?
I believe hes currently throwing open the curtains looking over Kinshasa.
Im taking it as a good sign hes not been making noise about this contract win. He has said hes to busy to do interviews and videos. This is most unlike PF. Reassuring ??
Global Airport investment is estimated to reach USD 2,404 billion in 2040 from USD 200 billion in 2021, at a CAGR of 14.4%.
https://www.globenewswire.com/en/news-release/2024/2/16/2830751/0/en/Global-Airport-investment-is-estimated-to-reach-USD-2-404-billion-in-2040-from-USD-200-billion-in-2021-at-a-CAGR-of-14-4.html
...let's hope that one of the other MSC's that are close to completing are focussed on the Middle East aviation sector,.. which is booming.
https://www.agbi.com/analysis/aviation/2024/05/middle-east-aviation-growth-rises/
Fowler must wake up in the morning- open the curtains-stare over the Oxfordshire countryside- and shout Yes! At last!- clench his fist- repeat DRC
Thought I will get in on the action. My break even price is 6.95p, but not expecting much change for the next month or so.
2.8p McDoule
1.75p Dom hen
2.0p StephenFryUp
2.2p Trout1
2.6p linton
2.7p Aiming High
3.1p HotairHopefully-HAH
3.3p NicetoMichu
3.5p DaffyPicker..
3.7p HoofHeartedAgain-HHA
4.0p MikeGP
4.0p Lowrisktrader-PS
4.1p MasterBaker
4.2p Ian.B
4.3p Malcolm
I do not want to dwell on the distant past and as a shareholder I hope you can put your negative thoughts behind you.Westminster have a very good chance now to improve the situation for themselves and their long suffering shareholders.I hope we can all benefit from the post covid era when business has been difficult.Good luck to you Dom and hope that all shareholders in Wsg can make or regain some capital.mg
Thanks for this.
I guess I have to ask why Lawrence is still working for WSG. Yes, he has 'suffered' - and unChristian though it may be, I should darn well hope so.
WSG are clearly not directly responsible for the back story, but one does question their judgement in not having done enough DD when they bought KG and in having supported Lawrence all the way through the ensuing legal battle.
Not sure if DrMaccers post was addressed to me - but if so, a) what is ********* about what I have said and b) why on earth would I as a shareholder try and get the share price down? My guess of 1.75 is an admittedly cynical recognition of WSG's track record and the unforgiving nature of AIM.
I hope I'm wrong!
Dom sorry to hear about your friends suffering both financially and mentally however this doesn’t appear to be any fault of Westminster who purchased 60% of Keyguard from the receivers and the remaining 40% from mr Lawrence.It would appear he now only works for Westminster and is no longer a shareholder so he too appears to have suffered along the way being the 100% owner of the company before the ensuing debacle.So it looks like everybody suffered financially and Westminster picked up the pieces but had no responsibility for your friends problems.Hope his situation is now improving and he can put the past behind him but to blame Westminster is I’m afraid out of order so please desist.mg