Westminster Group Share Price (WSG)

Lol Jim. I actually read it at 1.7950 so at 179.50 it’s just a typo

A sign of things to come misty :)

Print. Strange

Ian.

Agreed. The sentiment behind Rifle's pots is understood,... we LTH's have been here before.

BUT,.. we know the SL airport model works, it's attractive for the in-country Govt/Authorities,... as they have to little money,.. it's good for us as we get paid by the air carriers, in $'s, via IATA.

WSG have made the contract very tight covering off a number of 'difficul situation' scenarios. ie the early termination penalty, the third party out of country try arbitration, the return of kit etc., all good, solid moves.

As to funding. PF confirmed that initial funding would be from cash at hand,.. he stressed that they had a number of debt finance offers on the table already and he confirmed that the roll out of the five airports will take 18-24months,. so part of the funding will come from cashflow from the DRC contract, which will commence in July and will be circa a$10M in the first year regardless on the speed of roll-out.

As to the SP..... patience.

Fairly balanced post there from riflemans who i assume is not holding but watching.

Yes indeed they raised 2.5mil in 2021 when Drc was signed subject to ratification. No placings since 2021 and they have yet to generate any fcf. They have 800k atm so i guess 1.7m spent over 3 years running the company and jetting off to Africa etc chasing deals.

“Only” £8 mil revs in the first year though? £8mil revs is almost doubling wsg revs. Mcaps about £8m now i think.

So its not really “only” to wsg but quite significant. All info available suggests there is room for considerable growth on that. Could be a lot more in year 2. New flights starting as the airport safety is improved. Freight, domestic flight airports. Worth noting also The £8mil is on historic pax so likely to be out of date.

I reckon 10p and more will come but its not instant will need time.

Funding is still yet to be announced. Im not at all sensing a placing. Hes missed the boat (bad pun). Also a lack of company ramping and the strong suggestions its project debt in rns and investor calls. Its sit tight if your and make your own mind up if your watching.