Member Info for DrMaccers

Of course, just like Summa in SL.

WSG doing the security and Milvest building the new airport are integral in getting DRC off the EU blacklist and opening them up to a massive increase in passenger numbers.

The contract value to WSG will be going up dramatically nearly every year.

The ramps are away, they are hugely bullish and i am so here for it. That 26p target will come sooner than many think...

I think the 20 got watered down to 10 when the RVA started getting sticky but on the interims it now states "10+ year contract" whatever that means. Id guess there will be some easily achievable renewable clause.

I suppose, worst case is they are playing for the $6mill a year which is still worth an additional 9p in profits to them

The $12mill first year revs is based from the company expecting $6mill in first year during covid with traffic 50% reduced. SL is over its pre covid highs as are most African countries so i would assume DRC is as well.

I think you have to assume a higher starting rev and for it to rise dramatically over the course of the initial contract.

The Ndjili airport is being rebuilt by Milvest in the next 2 years at $1.2bill and they are actively trying to get off the EU blacklist like SL are about to do. This should dramatically increase revs going forward

So with that said, i would estimate at least $12mill+ or £10mill revs in first year at 60%+ margin is £6mill profit with the group already at breakeven. The margin for the MSCs is north of 60% with the tech deals bringing down the group margins.

£6mill profit on a PE of 10 is £60mill Mcap and an SP of 18p

So after a full year of just DRC running and the rest of the business at breakeven, 18p would be appropriate. What it is worth on initial contract finalisation is what folks are willing to pay.

It's not hard to see how the BOD think 26p+ is coming, if you add another sizeable MSC that would do it alone. SL is coming off the EU blacklist and have a nice new terminal so revs will start to rise.

All in all, im happy to ride the SP well north of the companies initial 26p target if DRC is delivered and working as indicated.

Fair

The company expect the majority of funds to be from UKF and judging by the UK gov trade envoy going out for the photo shoot then id not bet against it.

As of our now friendly bank, they are happen to give us a decent overdraft and which a fully completed contract worth £10mill+/year for 10+ years, there will be bank debt available

Hi Mike

You can go off the official company estimates. During Covid they expected at least $6mill in revs in first year despite passenger numbers being 50% down. Across Africa, passenger numbers at past coiled highs, including Freetown as highlighted by WSG

So with that said, i would estimate at least $12mill+ or £10mill revs in first year at 60%+ margin is £6mill profit with the group already at breakeven

PE of 10 = Cap of £60mill = about 18p a share.

The Ndjili airport is being rebuilt by Milvest in the next 2 years at $1.2bill and they are actively trying to get off the EU blacklist like SL are about to do. This should dramatically increase revs going forward

Don't buy it mate. It's not mandatory. Is there the usual risks? Sure. Is the reward an order of magnitude larger? Yep.

Its going to be quite the ride the rest of the year and i'll enjoy the crying here as much as my balances going up that's for sure.

UKF is the bulk of the finance for this and bank loan for the rest.

The results aren't great but bolt on £10mill a year DRC revs, £6mill profit, onto a breakeven balance sheet and its going to be pretty pretty pretty good

Up 30% and DRC landing next month. It was a $6mill a year rev deal when 50% down mid covid so likely to be north of $12mill on a 60%+ margin. Multibags on this one deal alone and then drop in a couple more, not hard to see where 26p/share comes from.

Its not too late guys. You can still make your money back by buying in now

Mark Hughes is still CFO but doubling up as Company Sec as interim i believe.

Mr Worrall has stepped down for private reasons i believe.

The absolute pain you must be feeling that WSG is going up. Frothing all over it lol. You might have a coronary later in the month

I love the frothing of you incels lol. happy new year. It certainly is going to be for holders...

You and basically everyone else on her is frothing to a climax. Brilliant to watch. Look forward to stopping in again very soon...

It is absolutely brilliant to see the frothing here lol

But no placement in 2 and a half years and none coming. Go figure

Interesting.

Hi Rob, trying to get in lower? Sorry bud.

Amazing news. Todays bagger?

This is the equivalent of ****ging your mate as your footie team has went 1-0 against his with 10mins to go...