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Based on current international embarking passenger levels, the contract is expected to generate revenues of circa US$10m in the first 12 months of operation. In addition, there is an opportunity under the contract for further revenues, in due course, from domestic traffic and cargo screening operations.
Great RNS
Mid day so people will swarm after it's found
It's up from 1.4p so many will exit with a very handsome profit, and well done for taking the risk.
Those buying between 3-4p are paying what £11-13m market cap?
With this contract even at 20% margin, that's a $20m NPV over the next 10 years for a tech company, the valuation should now realistically be between 6-7p and that's only on a PE of 10, but this is the UK market.
Lets see where it goes id probably sell out at 5-6p and let someone else take over for the long ride.
If the margins are higher then of course adjust the SP target accordingly.
Fair play to you Mr Fowler !
Surprised it hasn’t popped more tbh. Guess it will take a bit of time for people to fully digest.
Some detail on the (hopefully debt) funding would be useful very soon.
Great work WSG.
Wow he actually landed it, and no joke this time you could see the videos and also the articles showing they were out there are a key part of the delegation
No waiting around either $10m PA from July, that is a serious contract well done PF and the team, what a job.
Funding out of the current bank balance then debt arrangements likely with UK finance, couldn't really ask for more they have absolutely smashed it.
Https://www.lse.co.uk/rns/WSG/signing-of-10-year-5-airport-drc-contract-3nwuzeopp6qckap.html
Contracts were officially signed today during the UK - DRC Trade and Investment Mission, at a formal ceremony in Kinshasa by board representatives of both Westminster and the airport authority, La Regie Des Voies Aeriennes ('RVA'), in the presence of various government officials and dignitaries including Lord Popat, the UK Prime Minister's Trade Envoy; John Humphrey, His Majesty's Trade Commissioner for Africa; HE Alyson King OBE, HM Ambassador to the DRC; and HE Ndolamb Ngokwey, Ambassador of the DRC to the United Kingdom.
The contract, which is for an initial period of 10 years, with a five-year renewal thereafter, is to provide comprehensive ground security operations, initially at four international airports and one national airport in the DRC.
Westminster will provide all the investment and expertise required to upgrade security at the airports. This not only includes the provision of advanced detection, surveillance, and screening equipment, but also the maintenance, training and various support services required to ensure DRC's airport security is run to the highest international standards. This enhancement in airport security will assist the authorities in DRC in developing and maintaining world-class airport security services, opening up the potential for growth in air traffic by attracting new international carriers and commercial enterprises to the region.
As part of the programme, Westminster will also be establishing an aviation security training academy to provide certified training to international standards for all aviation security ('AVSEC') staff within the country, ensuring that DRC's AVSEC staff are amongst the best trained, motivated, and valued in the entire region.
The contract is based on Westminster's managed services model successfully deployed elsewhere in Africa. Revenues will be driven by embarking passenger numbers using the airports and funded by a per passenger fee, denominated in US$, collected through the ticketing system and payable directly to Westminster by the airlines or a suitable collection agency such as the International Air Transport Association ('IATA'). Based on current international embarking passenger levels, the contract is expected to generate revenues of circa US$10m in the first 12 months of operation. In addition, there is an opportunity under the contract for further revenues, in due course, from domestic traffic and cargo screening operations.
The contract includes a 90-day transition period to allow for operational planning and recruitment processes to be completed. Operations and revenues are therefore expected to formally commence in July 2024, although Westminster will immediately deploy its transition team to commence planning, recruitment, training, procurement and logistics.
Initial funding for the project will be from Westminster's own resourc
Clearly says debt capital. Not an equity raise.
That aged well.
Funding needed though :(
Boooom! Hurray!
Don’t hold your breath for an rns. This is the Fooler we talking about. Brace yourself for another Tema 😂😂😂
Who really cares these shares could be any price in a week 1 to 40 pence that's why I enjoy the crack talking is over action an bravery is all you need. Get your money back in and enjoy the ride
And don't forget, Vander is a doctor involved in medical research. At least that's what he said in 2018.
Therefore, he must always be right. (I think that's also what he said.)
Trade delegation meetings in Drc today and tomorrow. Wsg have investor calls next week.
Chance of Rns before calls had to be very high.
Dont blame folk for taking profit. Someone sold a chunk early doors and took a few bed wetters out with them. Good churn.
LRT: there are 2 of us. The other is AH21. I’m a long suffering, overly exposed investor who is still underwater. They’re a slightly bitter person who bought at 6p ramped like mad, it tanked within a week and they sold at 4p. Been calling for an equity raise consistently for 3 years.
Treat them kindly, they’re harmless.
Vander is about 82 times smarter and is much more dangerous. Gives a few choice facts and missrepresents them artfully whilst willfully excluding other facts.
Typical,.... I cursed it!!! We were 8% down when I started that post and 10% by the time I had finished it.
I'll stop posting and try and not lose you all anymore money!!!!!
... after such a large and sustained rise,... a little retrace is inevitable,... some people will be 100-150% in just a few days. To be honest, .. I was expecting some pullback--- an if it stays at only 8% I would suggest that is very modest. It wouldn't surprise me at all if this finished blue.
It's a two day visit to DRC by the UK Envoys,... so today is the final day,.... and I presume that they would be 'in the room', with WSG for the signing, assuming it does happen.
Fingers crossed for an exciting RNS tomorrow,... or my guess would be Monday.
Best
Late reported buys popping up
Was on the Syn board doing the same before the RNS landed. Seems to take pleasure in others misfortune. Pure troll. Home bound and lonely. These boards are the only life they have, where they try to make it as unhappy for others as possible
You also told us to get out at 1p ahead of incoming placing.....lol.
Meanwhile few here sold at nearly 4 bagger and can even sell now with ONLY 3 bagger....
Just saying 😌
Why do you gloat on this it's real money investment for serious people who individually make their own choices. If your not happy move on these are difficult times and hard enough with out false information or your views
Was over due a shake out. Techs need to cool down before it goes again.
Aiming High; Some sort of personality disorder ? Last post said; "For my sins I’ve added post the RNS and am (already) massively overexposed. But after being wrong for a decade I’m also hopeful." And now you are de-ramping. do you need a shrink?
Down down down it goes as the Rns doesn’t land. Back below 3 tomorrow. Told you to get out it’s all jam for the fowler pension pot.