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Length of contract?
More years the higher the price.
You have to estimate gross margin - I have mine
what would be shareprice if they release an RNS saying that contract has been signed and WSG is generating 6 million revenue per anum.
Jim: i think you're right on this......another raise now would only be due to hideously bad management
Human: i see where you're coming from, but still not 100%...once again the RNS was not particularly clear.
I see yesterday's lack of share movement as being due to more jam tomorrow in many people's eyes. some saw it as confirmation that we're getting paid and that the contract as is as good as sealed. others saw it as more delaying and no detail on the payment. we could have received $100 and the RNS would have been technically correct.
We can also make some reasonable assumptions on the 'on account' income.
We know the current tariffs being levied and the issue with MPS and GPHA is the increase on these of a further 10.9%.
It would be reasonable for the on account bit to reflect the current pre increased tariffs and so MikeGP's figures earlier seem to be a good guide.
Aiming...I read that from the update yesterday:
''screening and search operations have been in place since Terminal 3 opened on 28 June 2019 and payments on account to Scanport and Westminster for work undertaken are being made''
So I take that as we started work on 28th June and we're being paid on account for work done since then.
We get 77% of $3.48m on shipping of the tech gear .
Half year report
Following the fundraising on 25 July we have been able to immediately commence production and expect to complete the first installation on schedule in Q3 2019 and the second installation shortly afterwards, subject to any unforeseen delays.
Its an L/C so if you can't get a couple of hundred k o/d based on that should disaster prevail everywhere [ as the bb seems to think] then why have a banking system?
Plus, they can't get one away under 10p so great - has to go to a sticky holder or a moron. Can't even persuade SVS to convert their 10p warrants with more 10p warrants!
Correction Q4
Could still be in placing territory early Q1 imo - If our on account payments are invoiced 30 days EOM ....... 21k TEUs scanned in July , stab in the dark assuming 50% of monthly terminal volume in August of circa 40k units gives 60k units up to end of August , 60k at Mike’s £6.86 = circa £400k due ..... would we have went cap in hand for the lolly ASAP or will it fall in to end of October payment run ....|o:
Humanbait: How do you know it's backdated...i missed that bit. we also don't know how much we're getting paid on account, just that we're getting paid something.
I'm not overly surprised that we've ended up back in the mid 9s, but i did think we'd have gone up to 11p+ and then gradually slipped back down as we wait for the final RNS.
if anyone believes that it's been derisked (as a few have stated) then it's a great buying opportunity....fill your boots.
Hi Dodge, Surely to goodness there can't be another placing on the horizon, we've only just had one :)
PurleyKing - I think it has just been done too many times - announcements not backed up. So the market has completely discounted yesterday's. Its always in the back of my head that they spike this to do another placement. Going to hold - with a bit more confidence and just see what plays out.
PF is not most honest person about , Iran contract could be put down to bad luck. I am surprised at market's response as company is generating some revenue but it also proves that market no longer trusts PF.
I see philbatch has rightly been removed as has my response outlined below
Be very careful what you say
The increase in fees is in dispute.[see Bigears link yesterday]
Iran never got started.
We are being paid pursuant to an interim contract pending settlement of the increase above.
Wonder why some hold yet think their BOD constantly lie? Makes them look rather silly.
I think quite a few, myself included, are waiting for the selling to stop and then purchase some more.
Good luck whatever your strategy.
Nothing like Iran whatsoever. We are currently working there, providing a service and getting paid. We have been for three months and counting. Markets are cautious, so what. I’m in and it’s going to come in time. For those who think MPS and GPHA are not going to resolve their issues and the port will close are naive and clueless. Just saying!
"What might come along that could scupper things" - you can't ignore the context i.e. Africa and the shenanigans that are so typical of officials in the region. Until the contract is actually finalised and we move beyond 'in principle' there will still be actual risk; this doesn't even take into account the market's fatigue with PF's antics over the years.
I wish it wasn't so and I really want the sp to rocket, but it is very clear the market is hesitating, and I can understand why.
After reading the RNS yesterday morning I was expecting a bump to 11-12p and am very surprised this wasn't the case. Perhaps I'm missing something but I think this whole deal is now massively de-risked. Eventual timeline is still unclear, but seems extremely likely it will happen, even more so than it was previously.
What is the market scared of? What might come along that could scupper things? Surely just can't be "WSG never deliver and we don't think they will this time either" given all the evidence to the contrary?
It's not jam tomorrow though....we're receiving the on account income and it's backdated.
I'm with H&N on this I don't understand why it stayed at 9p when we've had a massive leap forward in what we wanted i.e. to get paid for what we are doing from the outset.
Not bizarre, just unfortunate and annoying. Until the signed contract is announced this is simply not de-risked enough for the promise-weary market.
Bizarre valuation atm. The company has never been in such a good position...ever. Share price scraping along the bottom, real value disconnect.