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For a bit of colour,
The embarkation tax in DRC is called Go Pass which currently runs at $60/person
Even 200/flight for 150 flights a year = 30k more passengers paying $60 = $1.8mill
If WSG hat half that’s $900k more in revs with one extra route
The fact Qatar are doing this looks favourable for EU to remove them from the blacklist, especially with WSG on board and a brand new airport. Easy to see how a few new EU routes increases our revs nicely
Read across to SL and the Italians helping them off the EU blacklist too
What’s with all the low value sells? Been happening for a few days now - is someone trying to make it look like there are more sale trades than there actually are?
2CUnice.....
Already working on his new account.....
As for today here once more drop to 2.95p followed by a rise which probably going to end circa where we started......
Will break that trend with further rise.....eventually.
GLA.
Welcome back Moz
And nice find re-Quatar Airways,.. extra 150 flights/annum--- Ching Ching,... straight to the bottom line.
That’s potentially up to another 50000 more departing passengers a year from Qatar Airways alone to one airport.great start to our new contract.mg
Please don't confuse me with nice2cu..
Glad he has been booted already.. and he might easily be someone I've interacted with on a n other LSE board, who for his entertainment, used my alias here as the basis for his latest alias, which he created this w/e, I noticed. ( Was that you Gordon Bennett for eg :-) )
Meanwhile back at the fort : I'm excited by the new dawn here.. and expect to remain long and strong wsg.l for plenty of time to come.
Best wishes to all fellow holders here
Thanks Linton!! 👋
I’m buying heaps now!!
“Qatar Airways announces the latest expansion of its network to include Kinshasa, Democratic Republic of Congo (DRC), enabling greater frequencies and increased capacity to Luanda, Angola.
This latest network expansion provides passengers with greater travel choices within a key region of Africa, opening up a new entry point for international travel from Africa to China, Europe and the India Subcontinent using Doha, Qatar, as a gateway. The addition of Kinshasa increases the number of destinations in Africa served by the award-winning airline to twenty-nine.
Starting from the first of June 2024, Luanda will see a frequency increase from one weekly flight to four weekly flights with a combined service to Kinshasa which Qatar Airways will serve for the first time. For a world-class experience, the new route will be served by a Boeing 787-8 Dreamliner, equipped with 22 Business Class seats and 232 Economy Class seats.
Qatar Airways Chief Commercial Officer, Mr. Thierry Antinori, said: “We have seen significant milestones in our 2024 network expansion and this latest addition is particularly special, as it continues our strategic goal of increasing our footprint in Africa.”
They dealt with him early! What time was he booted?
Welcome back!
Finally WSG has closed a decent contract!
I’m back in with 250K in 3 tranches. May add more if any further weakness, but L2 looking stronger now.
Last time I was here with a huge holding Effing Donald Trump pulled the rug exiting from the Nuclear accord with Iran when we were about to sign the whopper.
Anyway, tenacious little Company is WSG and high time it got some decent contracts- whooo hooo.
I like that DRC Quatar Airways link.
... looks like LSE have taken action.
NIce2 CU---- as you say read the RNS.
It's NOT £10---it is $10M..... which equates to circa £8.2M/annum.
It's not 15yrs.... it is 10years,... with a possible extension.
So that is £82m over 10yrs at present international passenger numbers. It doesn't include internal domestic travel,... nor freight.
Nevertheless, £8.2M,... at an operating margin of 50% ( recent years 50-60%)= is still circa £4.1M EBITDA--- or EPS of £0.013p with circa 330M shares in issue. Put that on a modest p/e 10years.... and you have circa 13p/share.... just for this contract.
As I said before, the current unknowns are the finance required and means of funding, and the discount that the market will apply for operating in that region.--- PF fas indicate that short term funding will come from cash to hand-- ( it's only a 3-month in lead up to revenue being generated)... and then. we'll see what else is required. Perhaps some further detail on this from the Broker presentations on Wednesday.- the nice thing about the structure of teh deal is that we are paid by the International Air Carriers and we aren't reliant upon the DRC authorities etc for payment.
It may takes just a few days,... or it might take a few months for the sp to start to reflect the value of the contract. That is outside of our control. The very good news for the LTH's here, is that this contract, together with SL ( which has record pax and growing).... are the foundation stones to getting us in to profit year on year.
If, as we are led to believe, good progress has been made on a number of the other long term service contracts, and one or two more of these land,.... then as it says in the RNS,... we really could be looking at a transformation rise in the share prise.
As it is, I suspect there will be a large amount of 'churn' and volatility in the sp as traders come and go; when this happens,... we hope that the sp forms a new base at a higher level,... and steadies itself for the next kick on--- much as we are seeing now.
Anyway, fingers crossed.
Mms trying to flush out nice2cu and other such fools.
I agree Linton,
It's overused all over the market, but this feels like manipulation.
Wondering if there's a large buy order they are trying to fill with shares from traders that made money off the recent rise.
Will be interesting to see how this plays out over the week.
…drop here. Sells are tiny volumes. Could see another strong intra-day reversal here. (Even without Nice’s “help”)
Great post DrMaccers.
I can't comprehend why today's performance is so bad currently.
We have a company that is
1. Generating Revenue
2. Had just signed a multi-year contract to keep generating revenue.
3. Runs at a very healthy margin on the contracts.
4. Is planning non dilutive funding.
5. Has a very small Mcap.
I understand people got burnt here in the past and there's been a strong rise pre-news. But this company really looks like it should be ramping up and starting to be very strong.
Trying to ignore the movement today, put in in the back pocket and come see in a month or two....
Good luck genuine holders and buyers.
Https://www.google.com/amp/s/airspace-africa.com/2024/04/10/qatar-airways-announces-the-launch-of-flights-to-democratic-republic-of-congo/%3famp will find the EU one just give me time
janiax - that’s the whole point of his spamming the bb - to bury any constructive posts. he’s just one of life’s****** (*i’ll let you decide whether to insert an i or another vowel instead) i’m afraid.
Who is this idiot?
Woodys - you said DRC was off EU blacklist from 22nd march. What source is that?
In it up to my neck to be honest. And still here down on half from year's ago but up on half from the last year or so
. Exiting times
Are you a moron?
You want to pump the price up for a quick buck but what do you think will get someone to buy
1)You spamming a board with absolute garbage drowning out
2)Long term, well researched, large holders posting well thought out posts
Absolute child
Yup…..like so many long term holders….I’m way under!! This needs to do sooo much more for me!! lol 😜.
Are you still here