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Seems like very good news...
https://www.wg-plc.com/news/westminster-arabia-officially-certified-by-the-saudi-arabian-high-commission-for-industrial-security
More likely that over the last few days the same broker has managed to complete both big trades and just entered them both at the same time.
I know it was a long time ago, bit I think it's still relevant, from last years offer document...
"Use of proceeds
COVID-19 – ELISA testing (antibody and antigen)
Further to the announcement of its first order for its COVID-19 laboratory-based antibody ELISA testing kit, manufactured and distributed as part of the partnership with Mologic, and the expansion of its partnership to include an ELISA antigen test, Omega intends to expand the current production capacity from c.275,000 tests (c,2,750 ELISA plates) per week to 1m tests per week, which will require c.£1.1m of capital expenditure (c.£0.6m at its Littleport facility and c.£0.5m at its Alva facility). How capacity is ultimately shared between an ELISA antibody and ELISA antigen test is an unknown variable.
Assuming that full capacity is reached, this would imply potential maximum revenues of c.£1.5m (if only antibody tests) to £5.0m per week (if only antigen test) or c.£75m to £250m per annum, with a gross margin of around 50%."
With double that production (2 million per week) revenues could be £150m to £500M with margins of around 50%
Didn't know this...
One such development is an extension of our COVID-19 PPE sales through medical vending machines. We have recently secured exclusive rights to specialised medical vending machines for use in the UK to be used for dispensing packs of face coverings, sanitiser and other safety equipment for deployment at key locations around the and transport hubs country and we are already in discussions with major transport organisations. With the drive to now have the travelling public wear protective face covering on public transport etc this initiative could greatly increase our distribution of PPE and safety equipment.
Ahh, trolling. At least I know you now.
It’s merit would be to encourage, although not force, MPS to engage to get the contract signed, otherwise they may have uncertain, albeit unenforceable, liability.
“A dreamer is one who can only find his way by moonlight, and his punishment is that he sees the dawn before the rest of the world.”
– Oscar Wilde
Also, why do you insist on starting a new thread every time you reply to a post? I’m sure there’s a reply button somewhere...
The only thing really troubling me during this waiting is the assumption that WSG are not being paid for the work they are doing until a contract is signed. What possible reason does MPS have for signing the contract when WSG are doing the work and the money is landing in their coffers. How long can WSG put up with this? What leverage do they have? Is there an unwritten agreement to backdate the contract? Is the delay purely down to the non agreement on new tariff rates? If there is no increase in rates are they shown the door? This is the sort of detail and clarification needed from PF.
Could this be related to the old port rather than the modern computerised MPS port? I believe the new port only accepts containers, everything else is handled by the old port...
Friday the 13th....
Hey Rupps, do you happen to have a short open? Asking for a friend.... or should I follow your lead and open another account?
https://www.fca.org.uk/news/news-stories/svs-securities-plc-enters-administration
confirmed here...
£6m revenue, 5 years with option for further 10...
Don't you mean 100 days to final results (24th May?)
But that is probably what would make it profitable and as PF would say, transformative.
Probably Iraq. Or some other very difficult place nobody else would be willing to touch.
"In response, the EU activated its Blocking Regulation, prohibiting EU businesses from complying with US Iran sanctions; and requiring EU businesses to report to the European Commission if their financial interests have been affected by US sanctions. If significant, the firm can claim losses – so if one EU firm cancels a project to comply with the sanctions, all companies involved in the underlying supply chain could sue that company to recover losses.
But while the prospect of destroying important commercial relationships would deter many businesses from suing to recover losses, the good news is that for many in the supply chain, the ultimate cause of loss will not be the trading partner, but a bank or financial service provider whose withdrawal makes the commercial enterprise unviable. Supply-chain businesses may feel less concern about suing those at the top of the supply chain. "
statute? Had never thought about it like this...
https://www.cips.org/en-GB/supply-management/analysis/2018/october/how-iran-sanctions-will-play-out-in-the-eu/
From the looks of that list, we are the only flow supplier, the rest are lithium?
The 10833 trade was me; and it was indeed a buy...
Was he ever any good? He is so bloody clever, but seems the only good thing he has ever done is sell Sirius to someone who made it a success. The Riverfort placing was a complicated botch job, and he thinks it's better now he has dragged it out for twice as long. Remember the trading update from last year? He obviously wrote it himself and then it had to be corrected when found to be nonsense. He might be confident, but he isn't nearly as good as he thinks he is.