Hmmm...8 Apr 2018 09:44
The initial phase of the project is still expected to be worth approximately �24m per annum to Westminster........
If news lands confirming the above long term contract (initial phase �24m!), Id expect at least 55p open. The herd arrive, some of which will be buying for future contracts pushing us up to the �1 mark, then the slicers and traders take us back to the 70p area. The papers run with the new deals being struck with the ME area, throw in a pic of Mrs May, and a nice big aeroplane and some sandy beaches, and the previously sceptical ii�s buy for a nice capital gain before the dividends filter through.
A nice settle area around 80/90p p/e around 8 to 10 by the end of the week. A few phases over the next twelve months, and nearer to �1.50. All supposition and guess work, but I think reasonably conservative IF we land the first phase. Once landed and investors are sat on big gains, there would be no reason to doubt any future bolt ons.