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The margin will be 50%+

It’ll also increase in quantum substantially over the contact of course

It’s £4.2mill/year for 15 years at 50-60% margins Vander

Seems like this is going to happen with Trump set to appoint his daughters father in law to the post, Massad Boulos.

Trump loves minerals, Greenland, Ukraine and now DRC.

I suppose this is the best possible outcome for WSG. The war would stop, there would be a lot more traffic from USA pushing aviation security high up the priority list.

With a fair wind that $10mill/year from DRC will be up and running before next financial year (June) backed but the US of A

I have been using the £ and $ terms for you. The $10mill DRC deal is circa £7.9mill

The stated recurring revs with DRC is £14.4mill, it was £6.4mill without it. Now with an additional $5.5mill, you add in £4.3mill to get £10.7mill.

the DRC contract continues to be expected to be $10mill/£7.9mill/year once started.

Im not sure what your point is there boss?

The annual recurring revs now sits at £18.7mill including DRC, About £10.7mill without it. Clearly its not happening for this financial year so i am projecting to the next one.

Yea entirely fair. It is a good line in the RNS that they've learnt from DRC and everything has (allegedly) been done prior to this signing.

So if this starts to produce for the new year it's looking like a £12mill+ start to the year with some tech thrown in without DRC. That would equal profit finally.

Roll on the next one, ive been doing plenty of digging. All isn't well in Tema and the new gov are sweeping clear the prior ones nonsense, like Scanport.

So without DRC the annual recurring revs stood at £6.4mill

This contract bring it up to an initial £10.7mill without DRC. With tech deals added this makes the group nicely profitable going forward.

In the RNS they state the loss of Goma doesn't affect the DRC revs, likely as a host of new routes have been added from Kinshasa recently. It is expected to be $10mill, so about £7.9mill/year

DRC added in to the new financial year in June would be £18.6mill

Given the MSCs are 50%+ margin that would lead to very healthy profit. The breakeven point is up for debate but you'd be talking £4mill+/year profit

I also believe other large deals are on their way. We didn't mention Ghana elections in an RNS for no reason

Come on yrab. You always seem to have plenty of info to hand

You'll know Goma international traffic and he increase in DRC international traffic with all the new flight routes/frequency like Qatar, Air France, SA Air etc.

You even stated Goma would be a loss leader anyway so surely its a more profitable contact without it?

They also included the line that the gov have everything in place prior to contract so there are no more bits to finalise like DRC

What would you have been crying if there was no funding attached?

Clearly they are sticky holders. If they hold to warrants and smash it out then at 10p I’m sure holders will be happy. But not you

I’m in shock you don’t like it

I predict I’ll be equally shocked again soon

Delicious

Well indeed

It’s just annual recurring revs for 15 years higher than the mcap currently with the group already at breakeven even

Well indeed

It’s just annual recurring revs for 15 years higher than the mcap currently with the group already at breakeven even

Cry harder lol

Recurring revs without DRC now up over £10.5mill

Locked in profitable per year now without tech deals

DrC would bring to nearly £19mill/year recurring

Fully funded

Gabon gov have put everything in place pre contract so nothing to stop it like DRC

I think a few more deals are coming too

Just have to stick to posting for years on a BB for a share you don't own then.

Im happy with where everything will be soon enough. SP in the mean time is irrelevant really. See you in a few weeks boss if not earlier xox

if its so **** you should be on the spread bets to get the bigger short of all time on, no?

So you are saying it would be much better if they were the sole provider then Vander. Good stuff

Previously they were partnered with Scanport a local company who seemed extremely corrupt which is why we had to walk away from the deal. Not sure how much of the cut they were taking but if you find out how much scanning costs per TEU at other ports you’ll see there is a hell of a lot of potential revenue there

I think even a die hard WSG shareholder will expect a large impact on this contract (to say the least, in the interim anyway)

It was expected to contribute roughly £8mill of the £14.4mill booked recurring revs in the next year. So £6.4mill solid enough with first world projects and SL.

So, how to replace the £8mill if we write this off (of now, i expect it to be producing revs and soon but for this paper exercise)?

The "imminent" MSC must be imminent, i doubt it will be as big as DRC so maybe £4mill, which is still excellent, leaving a £4mill shortfall.

I really don't think they included the Ghana election results of no reason, Scanport were favourites of the old gov and hugely corrupt. Their website is now down and i think their contract has due to run out in Jan. Tema scanning is in a mess with long delays and poor performance

After an expectation of $10+/TEU in Tema last time, we got about $1-2. The throughput has now doubled to about 2mill TEUs a year. If they somehow swooped back in, with a larger slice, say $5/TEU, suddenly it would be making £8mill revs with basically no start up or capex and the total recurring revs could be up at circa £18.4mill.

We shall see eh, i guess some of you might think its unlikely