Member Info for AIMing_high

May talking airport security there apparently.

nice little rise.....but still only in profit if you bought since late July.....sub £1m market cap companies can see some massive % gains.

i fear that we may be in a slight downward trend again....wouldn't be surprised if we slip back towards 10p by the next news - which expect the be the trading update in late September.

would have been lovely if they could have sneaked it out in August whilst the market was on holiday so that i could top up post news.....but maybe this way we get more momentum and reach £1 sooner.

Big: you often make some valid points but the future USD business is not one of them. The current Iran deal is “transformational” and bigger than anything else in the pipeline. It’s worth doing at the cost of future USD business in itself. On top of that, how long does it take to get new business? Years and years. In that time Trumpy will change his mind or get replaced in 2020 or at worst 2024. So it’s not like the USD business is always out of scope just because of Iran.

Big: on your point that we have lots of business relating to the US dollar......i'm not advocating this, but given that the Iran deal is many times larger than the current entire book of business, and has chance to grow even more.....don't you think that the BoD would not let it slip by just because we couldn't do business with others in USD for the time being?
doesn't set a great precedent for the business, but equally it does get a massive contract up and running.

i personally don't think you'll see your 100% rise and leave.....either the Iran deal comes to fruition and we're looking at 60p plus, or the business stagnates around low teens as a high point for a long time.

Not sure about swift. Haven’t looked into it. I’d just say that from a high level, the EU is keen for small and medium sized companies to be able to carry on trading with/in Iran. We could barely be smaller (certainly by market cap :-( ), and have no business in the US. If any businesses can carry on trading with Iran then surely we can!?!? yes we need insurance and payment methods, but surely all businesses doing international business also do??

one more week of deathly silence and no movement before some activity in September when the city comes back to work?

trading update in late sep and then ME news in Q4?

all incrementally positive, but for me we're not waiting on the EU.....i think we're just waiting on the company to get stuff sorted with the supply chain and financing and insurance etc.

the only big headlines that i see impacting share price for the positive are ones that say that Trumpy has capitulated and is rejoining the JCPOA.

for me these positive noises bode well for the profitability of the contract going forward rather than the probability of the contract going ahead at all.

any luck on your top up?

Good analysis Eskers. i agree with you. i don't think this makes the Iran contract any more likely or imminent.....i just think that they are getting on with it...if it falls through it falls through, these job adverts don't commit WSG to anything more concrete than what they already stand to lose.

in theory there is still more to come from Iran - originally the deal was touted as around £30m,
- then in July 16 trading update they said it would be "significantly greater" than that.
- December 16 this was described as "annual revenues in excess of £35m" i believe that this included an ancillary project with the same client
- in December 17 they announced that it would be done in phases, with phase one being €24m per annum.

so working on the assumption that we get the contract off the ground (if not then why are we still here?) - then at some point we should get details of the extra work that has been agreed.

if i'm honest the pessimist in me is still waiting for bad news to drop when the Iran deal kicks off - i used to think this would be an admition that the old MOUs were dead - but now that they no longer comment on them they can die quietly. now i fear it may be a rowing back on the additional work for the same client.

my current thinking is that it will be mentioned a few more times in RNSs and land some point in mid 2019...by which time it will be a small cherry on the large Iran based cake that WSG will have become.

i believed them when they first mentioned it thinking "this must be pretty imminent, given their history they must be pretty sure of this to avoid even more disappointment". but when it didn't materialise in H1 i just assumed it was the usual deal and it may come next year (or maybe never)

very quiet here and very quiet in terms of trades going through....better than the previous slow slide down i guess.

can't see too much changing on the international front so think it's just a case of waiting for WSG to get happy that they can move ahead with the contract. i don't see it being until Q4, but i'd appreciate some sort of update in September when the markets start moving again.

i've broken rule #1 of investing and become too emotionally attached to this share.....i'll be heavily divesting above £1, but think i'll always keep a stake it until it goes under or is bought out.

the thing with a company like WSG is there will always plenty of jam in the future....so there will always be a reason (if not a good one) to stay...that's part of the reason that i have a bunch of targets for various tranches of my investment that i will stick to...i have specific things in mind to buy/invest so when this this starts to fly i'll be taking profits with the best of them.

been here since mid 2012 and i'm not sure i'd know what to do with my life if i wasn't checking for RNS each morning!!!

if i'm honest i'm pretty skeptical that they will land an MOU (Iran aside) this year...not least because there are only 4 months left, but also their track record of keeping to timetables is woeful. i don't doubt that they have confidence that it will land, i just think for the umpteenth time they've got over optimistic.

my hope is that the Iran deal get's off the ground and then investors stop caring about other MOUs for a while.

i've got an ever increasing list of things to spend some money on so would love to sell a small portion of my holding to do so...just needs to get to £1!!

again, no backing at all for this, but i kind of assumed that it would have been one of the new MoUs that they've stop disclosing details about. in my mind most of the old ones must be dead in the water by now.

i also always assumed it was africa for some reason.

at the AGM they made it clear that none of the other MoUs were in the same ball park as Iran.....that's the only game changer, the others are just incremental (well they would be if they ever landed!!!). i'm not saying other MOUs wouldn't be great for the share price, just saying that we shouldn't expect 10s of millions in revenue per year from them.

love the optimism.

i see the exchange of letters being Q4 - if for no other reason than things move slowly at WSG.

I agree that an initial jump to 50-60p, then a climb higher. should be well over £1 on fundamentals with the Iran contract would be reasonable. Whilst this deal will prove that the BoD can close something, there will still be plenty of bad will towards them for how long the ME contract took and the ferry fiasco.

i'm aiming for over £1 before i start to seriously divest. I have some 6p shares in my pension that i want to hold forever

divi would be nice but i can't see that happening - think the company will be sold before they get that much cash flow

ah, thanks

Anyone heard of the above? released their annual results by RNS this morning and for some reason Bloomberg linked it to WSG....assuming it's a glitch but thought i'd ask

I suspect that’s exactly what you do if you haveget staff ready for a contract to start at short notice but haven’t signed final terms yet.....not saying that’s what’s happened here. Still confident this deal will get through.....just a question how strong and stable Iran will be for the short to medium term.