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Dr Vander:
Do you have it within you, maybe just once, to say something positive about WSG? We all know what's been happening here for years. Things are looking positive for the first time in a long time, so can you just try? I am sure you must have the ability if you look deep within yourself.
Otherwise, maybe you should go somewhere else...
Thank you.
Maccer- you are a long term trader here- tell us how fowler delivered the Tema contract
Ian,... good spot,... those figures for departures/pax are just N'Djili International Airport.- 2014 were the pre-covid figures and can't see any official numbers for years since then. Our Sierra Leone project, numbers have recovered and are now above at record levels. Hopefully the same here in DRC,... but political instability in country may impact on that,.. so not necessarily a fair comparison. If is is above 1M pax that is good news,... and as you say,.. the terminals have room for substantial increase in volume. Best, M.
Lol .. I remember selling a tranche at 28p - and being lambasted for selling out ! so am still stuck with 200,000 of these with an average close to double figures.. if we do get into double figures, I'll be reducing my exposure .. there's been so many "reasons to invest" but most have flattered to deceive and it's almost 10 years since I purchased the first lump of shares .. so fingers crossed for all (especially the LTH) that this is not another false-dawn.
…picking them up in chunks of 100k this morning. Looking good for 4p here today.
Jesus christ are you Shungus brother lol. Removed without due process and doing a great job? Absolutely clueless.
We don't care about provincial airports, only international ones thanks
It's too late to stop the rise no one is listening to the negative thoughts of some
Aiming high ,Even if that were true I’m sure everyone will be happy to sell around 25p ,nothing happening until at least 26p
This is simply a load of jam to elevate the SP to get another placing away for the foolers pension. You heard it here first
Don’t be fooled by the Fooler. The Fooler fools
Aiming high -you’ve missed the rise from 1.3p ,admire your effort to still keep on deramping ,just be pleased and not bitter fir others ,you should try it .
The video of the new Kinshasa financial centre looks nice. Fowler seems happy but slightly disorientated- thankfully he emphasised the DRC initials to confirm for newbies (and himself) which country he is in
The reality of dealing with disgruntled (and poorly treated) RVA customs officers in provincial airports will be different- they burned down some of the offices in 2021. Also Shungu (RVA chief) has been removed without due process in recent weeks- it’s a shame- he was doing a good job
Kinshasa and London have the same time at the moment, so an intraday RNS today/tomorrow could be on the cards.
What have you been smoking. This is the Fooler we are talking about. Get out while you can.
Currently in DRC finalising deal with funding from uk export finance ,worth about 15 to 18 p to Wsg approx 400-500 percent increase from todays price ,add in another deal and we are at 26p plus
Just need more people to look in here ...
...and analyse this v probable deal ..
...and a proper rally here will hopefully kick in tomorrow..
5p + incoming on fundamentals imho /hopefully
Https://www.trade.gov/country-commercial-guides/democratic-republic-congo-trade-agreements
Democratic Republic of the Congo - Trade Agreements
Last published date: 2024-03-14
The DRC has bilateral trade agreements with over 50 countries and belongs to several international and regional trade organizations, including: the World Trade Organization (WTO), the Southern African Development Community (SADC), the Common Market for Eastern and Southern Africa (COMESA),the Economic Community of Central African States (ECCAS), the Nile Basin Initiative (NBI), the Economic Community of the Great Lakes Countries (ECGLC), the Organization for harmonization of the business law in Africa (OHADA), and the East African Community (EAC).
In March 2021, economic, commercial, and technical cooperation agreements between the DRC and Qatar were signed to guarantee the security and protection of massive investments. These agreements provide for the modernization and development of airport and port infrastructure as well as capacity building for Congolese sectoral experts. In June 2021, the DRC and Namibia were discussing the formalization of a trade agreement on the supply of horse mackerel fish. The DRC and Rwanda have signed three bilateral trade agreements. The first concerns traceability in gold mining. The second agreement concerns a convention for “the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes and income,” and the last covers “the promotion and protection of investments.” In October 2021, the DRC and Angola signed a trade agreement, including taxation, customs, transport, and an agreement for oil exploitation in common interest in September 2021. The DRC and Zambia signed a bilateral trade agreement in September 2021 as part of the improvement and development of their cross-border trade, including advancing the implementation of the MOU on the issue of importing maize and maize meal.
In February 2022, the DRC deposited its instrument of ratification and became the 42nd country to ratify the continent-wide African Continental Free Trade Agreement (AfCFTA). The DRC signed AfCFTA in March 2018 and the National Assembly approved the treaty in April 2021. The agreement aims to facilitate imports and exports among member countries with reduced or zero tariffs, free market access and market information, and the elimination of trade barriers. In April 2022, the DRC joined the East African Community (EAC), depositing the instruments of ratification of accession to the EAC treaty with the bloc’s secretariat in July 2022. The GDRC has made efforts to harmonize its system with these regional bodies.
Excellent day on the markets today. Almost 20m shares traded at at VWAP of 3.45p. Healthy amount changed hands as recent traders jumped off the WSG train. UK trade delegation confirmed in DRC this week with our financeers UKEF present. Once it's all signed and done SP should be well north of 6p IMV. I anticipate another MSC will follow in short order, hopefully a double figure SP heading into H2. The tide is well and truly turning and sentiment is with us once again. The perfect storm for a rerate. GLA and may our patience be well rewarded
Also worth noting that any Capex we have in DRC is absolute chicken feed to the likes of UKEF who operate in billions so really don't see any issue. There will be no equity raise until at least double digits and only then for a little bit of grease to make some bigger moves.
Fingers crossed you are correct.
I could use some luck
Seems like a nailed on RNS this week with the UK trade delegation in Kinshasa 10th/11th April
They will want a nice win and photoshoot for the hosts and UK companies and WSG fits the bill. It is extremely telling UK Export Finance are there too.
I predict...
Deal RNS this week
Rough idea of numbers
80% funded by UKEF, 20% by bank loan. So all debt and no equity
A wink and a nod to more near term deals
Lots of PR from the company and Peter
Price to 6p+, tracking up to double digits over the rest of the month
Think they’ve filled a big order and it shot upto 3.95 at close after that sale ,interesting
That's a very odd buy,
100k for 3.2 then a moment later 100k for 3.95, before a quick sale that brings us back down...
Not even a late report from this morning.
Would not be surprised to see this open at 4p or get there pretty quickly tomorrow
I'm pretty sure that 4p is nailed on tomorrow. bed wetters sold today with the retrace. News is so close.
Ummm wonder if that was just a blip... odd