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I don’t think direct us business is the concern. It’s that all of WSGs existing business is USD denominated. All of that will have to change. And if they do decide to get into bed with Iran what effect will that have on trying to do business with any part of the ME that falls under the Saudi sphere of influence. There are so many uncertainties and the diplomatic complexities I fear are way beyond the capacity of our current Foreign Secretary.
‪Iran’s economy will feel the bitter chill of new sanctions https://m.gulfnews.com/amp/business/analysis/iran-s-economy-will-feel-the-bitter-chill-of-new-sanctions-1.2222247‬
The Company (AIM: STAR) is pleased to announce the launch of the latest iteration of its awarding winning intelligent padlock, the Watchlock Cube ("Cube"). This product was originally planned for release in the third quarter of 2018 but is now available to the market ahead of schedule. The Cube is a stand-alone autonomous system which combines GPS and cellular technology with a high-security padlock, providing security and constant communication over any number of assets and situations. This latest Watchlock was developed in-house and will be marketed under the Starcom brand, rather than in partnership as previous versions have been, allowing a higher sales margin. The success of the Watchlock is based on its ability to detect any irregular event which will immediately trigger an emergency alert, allowing the prevention of a breach or damage to the cargo or station it is protecting. The Company has high expectations for the Cube due to its electronic shell being able to fit a variety of C10 padlocks from various manufacturers, its lower price and a far more durable battery life.
And one step back. Outsourcing in the NHS is coming under fire politically. Capita put NHS England patients at risk, says watchdog https://www.theguardian.com/business/2018/may/17/capita-put-nhs-england-patients-at-risk-says-watchdog?CMP=Share_iOSApp_Other
I wouldn’t trust any of them to do anything other than to try to get the best deal for them. In May well be that the other signatories will find a way to get around US sanctions but I doubt it’s going to be a quick fix. In the mean time companies are going to have to decide what they are going to do until guarantees are in place. It’s not just Total (from the BBC article): German insurer Allianz and Danish tanker operator Maersk are also winding down their business in Iran. While European governments continued to support the deal with Iran, firms which operate internationally risk falling foul of the reinstated US embargo. Total's announcement comes after Denmark's Maersk, which operates oil tankers globally, said it would fulfil commitments in Iran already on its books but would not enter into any new contracts. Another Danish oil tanker operator Torm has said it would stop taking new orders in Iran. German insurer Allianz said its business in Iran was "totally minimal" but while they were waiting for guidance from the EU and the German government they would be winding down any business there.
Tosh, I’m with you there. Looking to buy a chunk as well but at this level it doesn’t quite do it for me yet either. Pretty sure that over the next few weeks with continuing uncertainty re Iran and the loan notes that there will be an opportunity to by in single figures. Risk/reward doesn’t quite work for me right now with all the known unknowns and PFs reputation for can kicking.
Iran aside, at least there is some good news on this front http://www.bbc.com/news/health-44070470