Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
With a contract of this size and duration WSG is seriously undervalued, the market is waiting for confirmation that we can fund the contract & revenues are starting to roll.
It’s going to be interesting to see what else is announced once this is live.
I’m confident I’ll be taking the Crown 👑 from Linton, sorry old chap.
And even more excitingly, my end of month SP prediction is back in play. ;)
From the Investor Presentations... it was made clear by PF and MH,... that they had several equity finance offers on the table,..----
So the longer that this goes on,... without them having to take on the inevitable 'debt' package,, the more positive I believe this to be. The second MSC they mentioned,..which they suggested was close to coming to fruition.. may also be nearing a completion.
With numbers up in Freetown and the new terminal,..... this could be a very exciting few months.
Manx: by my understanding you’re right. But I don’t think it’s an if. They have enough cash for initial start up, but will require additional funding. But revenues (which should be in the region of $5m for the remainder of this year (assuming the revenues are split broadly evenly over the year)) will be used towards the ongoing set up costs.
I think they’ll do a debt funding of some sort (if they haven’t already) and actually think they may try to pre fund the next MSC (assuming it’s as close as they hoped).
I think we were starting the contract off with our own funds approximately 850 thousand in the bank and 400k overdraft facility.and looking at wether we needed any more or if the income coming in would carry the contract.mg
Started: AimingHigh2021, 20 Jun 2024 15:20
Last post: Lowrisktrader, 20 Jun 2024 16:14
Yawn....
Placing incoming. You’ve been fooled by the Fooler again
Started: MikeGP, 12 Jun 2024 06:35
Last post: AIMing_high, 19 Jun 2024 16:45
Ian: there’s probably not much to say. Hopefully we’ll hear once revenues start.
When they can give us a more accurate feeling on passenger numbers we may get a bump. But I suspect we’ll hear about the next MSC before too long and that will hopefully really get us going.
Hopefully patience will pay in due course. I believe all is on track and radio silence maintained due to the sensitive nature of the contract and area. Most unlike PF but understandable.
More interest in my post than yours.mg
Yep, the interest in WSG is extraordinary
The DRC is thought to be the richest country in the world for natural resources thought to be valued at 24 Trillion dollars.I don’t think these resources can be ignored by the world and in the future I’m convinced this will reflect in more business being done and air traffic improving greatly we are in the right place for growth over the time of our contract and if we can get the security contract for the commercial side it will be our goldmine.mg
Started: MikeGP, 17 Jun 2024 08:49
Last post: MikeGP, 17 Jun 2024 08:49
Https://southernafricantimes.com/judith-suminwa-tuluka-sworn-in-as-first-female-prime-minister-of-the-democratic-republic-of-the-congo/
"Judith Suminwa Tuluka made history on Wednesday as she was sworn in as the first female prime minister of the Democratic Republic of the Congo (DRC). The National Assembly, the lower house of the DRC parliament, saw Tuluka and her 54-member government officially take office after deputies approved her action programme with the requisite absolute majority.
In her inaugural address on Tuesday afternoon, Tuluka expressed her pride in shattering the “glass ceiling” to become the first Congolese woman to serve as prime minister. “By assuming this position, I am fully aware of the historical importance of this moment and the symbolism of this appointment for the Congolese nation. I feel both the weight of the responsibility on me and an immense pride in the idea of representing within the Republic, the culmination of the efforts of all Congolese men and women tending to break the famous ‘glass ceiling’,” she remarked.
Tuluka outlined an ambitious plan for the nation, which includes the creation of approximately 2.6 million jobs and the establishment of an academy of mathematics and artificial intelligence in Kinshasa. Her programme also addresses key areas such as national security, economic diversification, infrastructure connectivity, public services, and climate change.
-------
Infrastructure and national Security issues listed amongst the priority items to be addressed....
Started: MikeGP, 12 Jun 2024 08:11
Last post: MikeGP, 12 Jun 2024 08:11
WSG... at this event next week,, 19th-20th, at Excel in London.
WSG:
"Experience Evolv Express at this year's Counter Terror Expo! Visit our stand to see this advanced security screening system in action. June 19th & 20th at London Excel."
and.
"We are thrilled to be working with CEIA to bring OPENGATE to the Counter Terror Expo this year. Visit the show to experience state-of-the-art walk-through screening"
Interesting to see if it generates any new kit orders, or grading contracts.
ttps://ctexpo.co.uk/conference/
Started: AimingHigh2021, 6 Jun 2024 20:37
Last post: DrMaccers, 9 Jun 2024 18:48
Where? Kinshasa?
Fowler must go
Ooohhh Noooo.!
Didn’t expect my guess to be in the hot seat already!
End of June- mid price close.
2.0p McDoule
2.30p Stephen FryUp
2.40p Trout1
2.50p Linton
2.60p Aiming High
2.70p Lowrisktrader
2.80p Hotairhoefully
2.9p Reece
3.10p HoofHeartedAgain
3.55p Daffy Picker
3.70p Ian.B
3.8p Mozax
3.90p manxgolfer
4.00p MikeGP
4.20p Woodys
4.21p masterbaker
8.88p Troajan
Started: MikeGP, 6 Jun 2024 07:15
Last post: TROUT1, 6 Jun 2024 16:54
2.4
2p
Just seen the drop!!!
Trajan,... I hope you are right!!!!!
8.88p
ime feeling lucky.lol.
3.9
"
Westminster Group PLC
@wg_plc
·
1h
The DRC is set to inaugurate its new government next week, about five months after President Felix Tshisekedi began his second term in January.
This is 𝐕𝐄𝐑𝐘 positive for #WSG and we have been active in the media, congratulating various ministers…"
https://x.com/wg_plc/status/1798706845684793682
---
....... more to come from the DRC..... sounds VERY positive?
i am so over exposed it’s embarrassing.
Ditto, AIMing
2.80p
Started: HoofHeartedAgain, 3 Jun 2024 18:47
Last post: AIMing_high, 5 Jun 2024 16:55
Moz: I haven’t added for a few weeks….i am so over exposed it’s embarrassing. I’m going to sit on my hands. I think that this contract is a great one at this price (assuming nothing happens to the country) but I think the real kicker comes with the next MSC. The market is clearly still in a disbelieving mood. But it can’t ignore it if there are 3 separate contracts in 3 separate countries.
I have hope that this will tick up once the revenues start to flow and people realise that the contract is real and actually happening without an equity raise.
Ive added twice in the last few weeks. As long as no major hiccups in this contract starting inside 6 weeks its a no brainer for me.
The Potential for a very good return from this level is obvious. Just need it to go smoothly, not always the case here however Comms with wsg suggest all is well in DRC and busy times.. A further msc is said to be close but im reserved on that one.
Well I’ve bought some more, I thing WSG is going to get on a roll with this whopper contract, the market is ignoring them atm, let’s see for how long.
Ian: aren’t you saying that the one place the price won’t be is in the middle??? ;-)
I think there will be silence. Year end share price will be very interesting. I think any guessing over the next 3-4 months is incredibly difficult.
Can't believe we will have radio silence until the end of the month... but to be frank I thought we would have some little snippet of news before now,... even if it was just an update on mobilization etc.,---
Going to close the 'swep' at the end of Thurs day eve... just in case a cheeky RNS on Friday.
Started: MikeGP, 5 Jun 2024 07:11
Last post: MikeGP, 5 Jun 2024 07:11
IBA forecasts strong growth in African aviation sector
Passenger number and operator capacity increases will continueIBA, the leading aviation market intelligence and advisory company, predicts that post-pandemic passenger growth will continue in the African aviation market, and forecasts that the industry’s compound annual growth rate of RPK in the region will be at 4.7 per cent from this year until the end of the decade.
https://www.iba.aero/news/iba-forecasts-strong-growth-in-african-aviation-sector/
Started: MikeGP, 3 Jun 2024 07:40
Last post: MikeGP, 3 Jun 2024 17:36
2.50 Linton
2.60p Aiming High
2.70p Lowrisktrader
3.55p Daffy Picker
4.00p MikeGP
4.20p Woodys
4.2
I’m going to say 2.5p.
A bit pessimistic but I have a niggling doubt whether we’ll hear much before July. Hope I’m wrong!
2.6p please
2.7p!! PS
Started: DaffyPicker, 3 Jun 2024 12:33
Last post: DaffyPicker, 3 Jun 2024 12:33
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.
So revenues are therefore expected to formally commence in July 2024, which is 4-5 weeks.
Started: MikeGP, 3 Jun 2024 07:50
Last post: MikeGP, 3 Jun 2024 07:50
Qatar Airways has opened up a new gateway in Africa, connecting the DRC with Europe, the Middle East and Asia. The inaugural flight from Doha to Kinshasa landed at N’djili International Airport on Saturday, 1 June 2024, bringing the total number of African destinations served by the airline to 29.
The new route promises to connect Kinshasa to the world via Qatar Airways’ Doha hub, Hamad International Airport, the ‘World’s Best Airport’ as voted by Skytrax in 2024.
Additionally, this strategic move by the airline will improve air connectivity across the African continent and will forge stronger economic and business prospects as well as cultural ties.
Qatar Airways Group Chief Executive Officer, Engr. Badr Mohammed Al-Meer, said: “At Qatar Airways, we recognise the immense potential in Africa. We are dedicated to enhancing connectivity throughout the continent, enabling seamless access to business and leisure opportunities. We look forward to offering our passengers travelling to and from the DRC convenient travel options through our award-winning hub, Hamad International Airport.”
https://www.breakingtravelnews.com/news/article/qatar-airways-touches-down-for-the-first-time-in-kinshasa-democratic-republ/#
Started: MikeGP, 31 May 2024 07:11
Last post: DaffyPicker, 1 Jun 2024 13:02
"Daffy... were you holding upside down?" 😁
Not exactly, I think I must have accidently misread the price for 28th June. So sorry. This will end June on 3.55p
Congrats Linton,.... spot on!!!
Daffy... were you holding upside down?
We are going to have to let Linton have first stab at close of play end of June.... that will put the pressure on!... oh,.. and the Lottery Numbers for next week.
I can't believe I got this wrong!! My chart specifically said 3.55. 😶
You're looking the favourite at the moment linton. I hope it's drinks all round.
Started: David85, 30 May 2024 19:09
Last post: MikeGP, 30 May 2024 21:22
Is it still half term?
This company is trash, the directors only care about using it as a vehicle to conduct raisings to pay their 6 figure salaries.
Its a scam, avoid!
Started: David85, 24 May 2024 19:30
Last post: Ian.B, 25 May 2024 14:20
Got to love Davids insightful posts on repeat.
Other threads are even luckier as they get several a day..
Bye then!
Missing you already.
Look at the embarrassing trade volumes.
A few years back volume was 100x what it is now.
Does this company exist for the BOD to earn their salaries via Placings funded by retail investors?#
What a SHAM!
Started: MikeGP, 24 May 2024 07:25
Last post: MikeGP, 24 May 2024 07:25
......mobilization period.
"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."
https://www.lse.co.uk/rns/WSG/signing-of-10-year-5-airport-drc-contract-3nwuzeopp6qckap.html
Last post: misty12, 24 May 2024 06:06
More personal insults Doc. Hit the bottle early last night I see, not someone who looks comfortable with their exposure here
Oh no. Someone bought £79k in one swoop. We spotted your £6k sell before you came back posting crap. Big spender misty
Oh dear
Its been 2.6 or less to sell all week.
Unless a matched trade pops up which may suggest a transfer its a buy probably filled over a few days or a week.
I watch WSG near the bottom of my monitor like other stocks appearing weak, easy to buy atm yet according to the trades somebody bought 2.8 million yesterday at 2.8p how is that even possible unless it's that weak you can pick up that kind of size.
Huge buy for Wsg ,wonder if we get an Rns saying fowler bought ,but whatever they know something to buy that amount .
Started: MikeGP, 22 May 2024 16:18
Last post: MikeGP, 22 May 2024 16:18
"Sir Keir Starmer said 'Martyn's Law' must become 'a reality as soon as possible' after campaigning mum Figen Murray walked 200 miles to Downing Street over two weeks to press the Prime Minister on the proposed new anti-terror legislation.
Rishi Sunak, meanwhile, praised her 'courage, bravery and campaigning in her son Martyn's memory' - and said he would be meeting with her personally later on Wednesday. Figen, 62, was present in the Commons for Prime Minister's Questions after posing for photographs outside No. 10 earlier.
She watched from the public gallery as MPs, the Prime Minister and the Labour Party leader sent their condolences to all the families who lost loved ones in the 2017 terrorist bombing at Manchester Arena seven years ago today."
https://uk.news.yahoo.com/sir-keir-starmer-calls-martyns-133220322.html
Started: DomHen, 22 May 2024 15:39
Last post: DomHen, 22 May 2024 15:39
Children, children! Be nice to each other!
Started: David85, 21 May 2024 16:28
Last post: misty12, 22 May 2024 10:28
Lol. Sure. Just keep telling yourself Doc. Its all in your history both here and advn how much your down.
Whilst you’ve traded a few hundred here and there I, like others, were buying %s of the company in the low 1s
Lol, just lol. Another liar on the WSG board
I’d wager im up more money in WSG than you’ve ever seen but hey ho
I think your the dim one investing in this company all these years chasing the share price down as you wet the bed at night worrying about what you have tied up in this pos. Does your wife know how much you have lost over the years? As for a 2 bit trader, I'm very happy to confirm that I regularly trade this and successfully. You should try it one day Doc, its called making money.
This shows just how difficult it is and how long it takes to get these types of contract negotiated and over the line. You have to do significant amounts of work to get the in and prove you should get the contract.
Bloody great work from WSG and Euro Ops. Props to vincent Toscani
Remember the DRC want WSG to help get them off the European Union banned list.mg
Point being, this is very high risk country and that contract won't be worth the paper its written on should the next attempt to overthrow the government succeed.
Well said. They have little knowledge of the situation, or are just bitter, either way time will tell
More fine insight from Dr Vander.
You and David make a great pair.
Nothing positive to say about the safeguards built into this contract to ensure revenue from it is acquired by the company. Nothing positive to say ever, Dr.