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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.
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.
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
Relatively speaking there was a lot of PR compared to what went before. Didn't you find the 26p target at least slightly rampy?
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”
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.
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.
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.
No it’s via the broker for mostly their clients.
It will be put to them to do a full investor webinar again tho
Does anyone have a link to where we can listen to the call?
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
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.
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.
Hey, again Nice2CU.....
:)
Nearly back to even again...
No MM manipulation here...
Nope not at all.
I'll see you guys at 10p when they let it go. (And non dilutive funding is confirmed)
That one was gone before anyone could even respond.
.... very interesting the Port expansion works....
https://splash247.com/ad-ports-moves-to-develop-congolese-port/
----
and more on the airport...
https://constructionreviewonline.com/construction-news/expansion-of-kinshasa-ndjili-airport-in-drc-to-resume-after-3-years-stoppage/
There are 4 international airports in Drc, WSG have won the contract for all four of them plus 1 national airport.
So obviously Ndjili is one of them and also the largest.
Also known as N’Djili International Airport and Kinshasa International Airport, the facility serves Kinshasa, the capital city of the Democratic Republic of Congo. Featuring a 1 million passengers capacity terminal and a 4,700 meters concrete surface runway, the airport is the largest of the four international airports in the country.
Also Read: Plans underway for construction of “New Mole Port” in Republic of the Congo
Owing to expansion and modernization projects, the airport’s capacity will increase fourfold. The scope of the project includes the construction of a new terminal 4 times larger than the current one. Equipped with six gangways, three of which are for large aircraft, the new terminal will have a capacity of 42,000 square meters.
$1.2bn! (sorry!)
Thanks Mike, I thought there were more international airports but I was getting confused with Domestic
So the following four: Kinshasa N'djili, Goma, Lubumbashi Luano and Kisangani.
Plus one of these domestic ones:
Mbuji-Mayi, Bukavu, Kananga, Kinshasa N'dolo, Mbandaka, Bandundu, Bunia, Gemena, Isiro, Kalemie, Kindu, Kolwezi, Lodja, Mwanda, Gbadolite, Tshikapa.
Its super interesting because Kinshasa N'djili is going under significant $12bn USD expansion from a Turkish construction company.
Almost certainly one of the 5.. it's the Kinshasa International Airport.
------
Dr Mac...FYI. ..the departure tax is $55/pax.. not $60.
Departure tax
Departure tax
You need to pay a departure tax of 55 US dollars on international flights and 10 US dollars on domestic flights. You pay these fees when you check in for your departure. Get an official receipt and a copy for each fee. Hand the originals on request to immigration and at boarding and keep the copies.
Are WSG involved with the above aiport?
Hi Dr M...
the DRC airport departure tax used to be structured in a different way,... two taxes,... one for the airline and security/processing tc., and one which went to the DRC government....---- it was later combined in to one tax.
I suspect that the tax gets shared three ways,.... little to the DRFD government,.. a little to the WSG company 'in country'.. supplying the labour etc.,... and the balance to WSG.
I doubt that PF will share the b/down,.. ( commercially very sensitive)... but from my research I recall the Government tax wa about $6-8's.
Anyway,.. just putting that out there-- clearly,... there is huge scope for the $10M.... to increase dramatically over the next 10yrs... especially if you add in freight scanning and some domestic routes,.. which attract airport departure tax of $10's/passenger.
Spot on with that. I can't find the info I saw it but lost it. Any way it's all good news