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After such activity in the chat yesterday, absolutely no posts so far today 😁
Hope there's some good news soon about the non dilutive funding and this starts seeing a good strong rise over the next few weeks.
I still feel this is very undervalued for the position the company is in now.
In case you’re not aware, its investor calls with broker tomorrow, starts 1030am. I think everyone’s waiting for some clarity on funding for the new 5 x airport contract.
A couple of guys on the twitter group have calls booked.
Hopefully the right noises will see the next leg up here after the last few days of churn and consolidation.
I expect plenty of chat from late morning, early afternoon tomorrow.
Big call tomorrow !
If Mr Fowler wants 26p here in due course, then he needs to inspire hugely on tomorrows call, for starters
I'll not be able to listen in but great if people are kind enough to precise/feedback here
If this contract is actually as good as bullish players here might surmise then 3p is joke low imho
Good luck to all fellow holders
Does anyone have a link to where we can listen to the call?
No it’s via the broker for mostly their clients.
It will be put to them to do a full investor webinar again tho
Janiax,
I'm sure that there will be some info forthcoming from the presentation by the posters on here who will be accessing it. Nothing can be revealed in the presentation that isn't already in the public domain.
Having thought about it. Im Not sure we will get clarity today as any price sensitive info has to be in public domaine and cant be shared just with individuals. Hopefully im wrong.
I wouldn't be surprised to see the company raise funds around the 2p-3p level. The PR machine was in overdrive leading up to the RNS which got me a bit suspicious. Now they're having a behind closed doors call for the brokers clients. I could be wrong but it all seems a bit fishy to me.
They could of course secure funds via other means but the fact they were so interested in pumping the market the last few weeks makes me wary. The 26p target was a bit of a shameless ramp, let's be honest.
Not knocking the company by the way, they've done fairly well all things considered, and I think they could do much better in the coming years but I've been burnt too many times not to read the red flags when they're sent up.
Wheres the PR in overdrive you mention?
Its been the exact opposite, No PR before or after. There was a reference in intrims that DRC would hopefully be concluded in April visit.
The contract was then signed on the visit and announced via RNS and theres been no PR since. The RNS stated they have finding options including “project debt funding, the preferred method”
Relatively speaking there was a lot of PR compared to what went before. Didn't you find the 26p target at least slightly rampy?
Was there any PR ive missed other than the results rns? Genuine question as id consigned my shares to the bottom drawer and forgot about them until i read the results and reference to an April visit to DRC, even then i remained sceptical .
Thankfully they got the contract and im very happy with that. Zero PR since. PF was still in Africa at weekend so i guess very busy getting on with business over there.
26p target was mentioned way down in section 7 of results.
I guess its up to investors and potential investors to decide if thats a fair long term target. My view is they will need to win at least another decent msc to get near that.
What do you see DRC as fair value, we know £8 mil pa revenue, margins 50-60% area.
Plus the existing company businesses which are around B/E
I was referring to their Twitter page coming alive with regular posts being made when it hadn't been touched for years.
I believe this is a decent company and I believe it is undervalued, even factoring in political and geographical uncertainty. The problem is, the market is broken.
I'm not arguing that the company is bad, or that it isn't undervalued currently, I was just speculating as to what the board could be up to taking into account their recent communication to the market.
The broker call is the same broker call that happens after every interims and end of year financial results. The only new thing is it was delayed a couple of weeks so DRC could be discussed, its not some secret placement ramp. They've not placed in 3 years and Fowler has continually said they won't and specifically they won't for this deal.
I certainly questioned if it would ever get to this point to him directly, so from my point of view, he's got a lot of credit back in the trust-o-meter.
Lets be honest they have had sod all to tweet about until now.
2 tweets pre contract signing about the DRC visit. Smart pi,s bought in then at 1.4p area.
5 tweets since contract signed including the announcement, a few photos of fowler signing up. Hardly a PR bandwagon for such a major achievement by WSG standards.
Lets see what happens. Fingers crossed holders get to hear what we want to hear on financing.