Member Info for Djalminha

“ So far in Q1 2020, the Group has received over $2.1 million USD of online product orders of which $1.7 million USD were in March 2020 and over $1.2 million USD of that was the last two weeks alone, mitigating the reductions in our airport business”

At this rate it’s equivalent to $2.4M per month or £1.9M

"We have put in place various cost reduction measures and we end Q1 2020 with £2.2 million in cash and are, in addition, pursuing government support initiatives"

Are they eligible for the £5m loan under the Coronavirus Business Interruption Loan Scheme?

What’s your price target?

https://www.ghanaweb.com/GhanaHomePage/business/Meridian-Port-Services-outlines-Coronavirus-work-plan-909235

https://thebftonline.com/2020/editors-pick/covid-19-cargo-inflow-normal-gpha-mps/

Some experts not convinced they work but deffo a lot of demand for them...

https://www.nbcnews.com/tech/security/fever-detection-cameras-fight-coronavirus-experts-say-they-don-t-n1170791

I'm expecting an update as circumstances have changed… I'm hoping that the delay in announcement is due to the fact that they are in the process of getting contracts signed via other methods (it is 2020).

If they do along with a decent update on Fever detection kits and maybe sentiment might start to change…

http://mps-gh.com/mps-business-continuity-plan/

We do have directors in country that I assume can follow this up in country:

Commenting on Mawuli's appointment, Westminster's Chairman, Sir Tony Baldry, said:

"We are delighted that Mawuli is now joining us on the main board.

"Not only does he bring additional corporate financing skills and diversity to the Board, but his knowledge and experience of African affairs will be invaluable. Given our recent announcements regarding our Tema project, which we continue to successfully operate and receive revenues, I am equally delighted Mawuli will be on the Board of our new subsidiary, Westminster International (Ghana) Ltd. providing oversight and corporate governance to what we expect to be an important and growing part of our business."

Commenting on his appointment Mawuli Ababio added:

"I am pleased to be joining the Westminster Group at this time, albeit through sad circumstances.

"I am aware of the many exciting opportunities the Group are developing, particularly in Africa, and I am confident that as a full member of the PLC board and of the Ghana subsidiary, I will now be in a much better position and able to devote more time in assisting the Group develop and grow its business throughout Africa and beyond."

https://www.google.com/amp/s/m.aawsat.com/english/home/article/2195256/border-crossings-ensure-flow-goods-saudi-arabia%3Famp

https://www.wi-ltd.com/coronavirus/

depends how you look at it... I could have said at a rate of USD250K per 2 days is...

USD125K per day of sales = USD3.75M per month...
@10% margin = USD375K (£323K)
@ 20% margin = USD750K (£646K)

your assumption is that no more sales will happen... I was going from revenues received at last update...

https://www.google.co.uk/amp/s/finance.yahoo.com/amphtml/news/transportation-logistics-workers-deemed-essential-192621403.html

Transport and logistics are even more vital in these times...

“Following a strong increase in 2017 Managed Services aviation revenues appear comparable in 2018 at £3.6m (2017: £3.6m)”

£3.6M @ 40% margin = £1.44M profit/per year
£1.44M/12 months = £120K/month

Fever Tech sales
USD1M per month/1.16 exchange rate = £862K
£862K @ 10% margin = £86K profit
@ 20% margin = £172K

Considering the company sold nearly £250K of fever kit tech in 2 days you can see why they feel it will offset the loss of SL for a few months…

They already advised the market last week... this won’t last all year either as it’s a short term solution as most of the Covid cases in Africa have been imported and they want to protect themselves...

In the meantime, the loss of potential revenue will be offset by fever detection kits...

A few companies doing it but shows the demand for these products...

https://www.google.com/amp/s/www.forbes.com/sites/geekgirlrising/2020/03/20/texas-based-ai-company-gears-up-to-fight-coronavirus-with-fever-detection-system/amp/

I believe the company informed us of this via RNS on the 18th... they knew of this before the papers did and they informed the market accordingly...

USD1M @ 1.32= £757K
USD1M @ 1.15= £870K

£110K more than 2 weeks ago...

When most your income is in USD it definitely helps when GBP is on its ass!

now at it's lowest level since 1985... I guess for once WSG will be one of a few companies to benefit from current climate...

"Our Managed Services division not only has more large-scale project opportunities under discussions than ever before, but we commence the year with our expected annual recurring revenues from our managed services projects, our Ghana project and our existing guarding and maintenance contracts, already at a level greater than our entire 2018 revenues."

Guess this is still the case after today's announcement... approx. USD120,000 per day of "fever detection and associated equipment"

https://www.ghanaweb.com/GhanaHomePage/business/Airlines-to-comply-with-Ghana-s-travel-advisory-schedule-on-COVID-19-897103