Member Info for DrMaccers

Think it is the BBC, we've had a number of meetings with them from WSG staff posting on socials

The market has allocated a forward PE of about 10 so seems it does believe the figures.

Thanks

There are additional decimal places that IG mobile decides not to show but look at what a given number of shares is going to cost and work it out.

Anyone who quotes shares in issue proves the have zero concept of buying a given percentage of a company or maths

Bit of buying Friday. Roll on Monday…

Yrab "if a company wins a contract worth its market cap in annual revenues and still stays the same should send alarm bells ringing"

Perhaps you would like to recalculate and recalibrate?

Gabon is $5.5mill/£4.1mill per year

Mcap is just under £10mill

I have WSG on a forward PE of about 10, which seems reasonably fair. Its now about £1mill in profit (1x10 is 10 i think)

Now, you claim Tema will never happen but its going to add £1mill+ profits

Malawi will add another £2mill this year and the big elephant in the room, DRC, could/would add £4mill

We can see how to market responds to each additional contract starting and profits.

Your other point re Tema, can you point me to somewhere they state the expected revs and or profits please, for the previous tema deal?

Clearly we don't agree.

You are stating nonsense again. Went very quiet when they delivered Gabon on time tho.

WSG are profitable every day now. This will only increase exponentially with each new contract.

Tema soon for you to cry into your cornflakes again.

Until then xox

Yea, as we speak it is. What a weird person you continue to be.

Hope you continue to pile the shorts on

The missed (or purposely ignored?) point, it that now we are profitable, each bolt on high margin contract adds directly to the bottom line.

Previously a Tema at say £2mill revs would get swallowed up and not result in much, but now it would double or more the profits. Wsg are past a very interesting infection point.

Seems reasonable.

They arent a big team so you'd guess a lot of the available resource has been spent on getting gabon started and flowing then Tema too. I doubt they wanted to add a third in Malawi or DRC into that. So one would hope/expect that once Gabon/tema are running smoothly then they can set up the next. DRC is the big money ticket but clearly the more risky proposition.

Well to be fair to Mr Market, we are probably on a PE of about 10 give or take. I guess Gabon has made up £1mill+ profitable now and mcap just north of £10mill

Hopefully then, each additional £1mill profit adds 2-2.5p to the SP. So if/when Tema comes in, 5p+ seems reasonable. When DRC starts the north of 10p seems reasonable

Yes maybe the better metric is to just consider annual recurring revs. That now stands at circa £10.5 when you include the guarding contracts. For some reason they were left out of that quoted figure in last results but the CFO tells me they will be included again going forward.

That means WSG are now profitable on only multi year annual recurring revenue with tech sales to be added in on top.

DRC and Tema will bring that annual revenue figure to over £20mill and Malawi to about £25mill.

What a time to be alive! Absolutely huge gains to be made from these levels over the course of this year. Especially now they've proved they know to how start these large contracts

Im mostly retired but delivering this large contract on time deserves from thoughts.

Tech sales have been poor for a few years but if we double to revs from 6months to Dec 24 (£3.7mill) to get a full year approx of £7.4mill, this circa £4.1mill contract bring them up to about £11.5mill in revs. With relatively fixed costs, the company has swung profitable overnight, probably to the tune of £1mill or so. From a lifetime of loss making this is finally something to be celebrate.

As they are now profitable, all fixed costs covered etc, the excellent gearing comes into play. Additional MSCs at 50%+ margin sees the profits drop straight to the bottom line.

If they go back into Tema at roughly the same $/TEU as previously, the increase in traffic at Tema would mean revs of £2mill+ and profits of £1-1.5mill. There aren't a lot of overheads as MPS pay for the scanners, electric etc etc, we just have limited manpower to pay for. So Tema would bring profits up to £2-2.5mill as a ball park.

DRC is worth £4mill in profits (£8mill/$10mill contract at 50% margins, maybe more now one of the other airports is dropped for the moment)

Malawi is of a similar quantum to Gabon so looking at a further £2mill in revs

Not beyond the realms of fiction to see all these contracts land and start this year now they've shown they have the secret sauce and know-how to start on time post DRC debacle.

This could give up to £8-9mill in profit a year, materially below our current mcap. That is the investment rationale

Even just adding Tema means the company is hugely undervalued on economics and potential future growth.

Not to forget that Tema is growing and expanding enormously as is all of african aviation. Every year the contracts will grow in revenue but fixed costs remain or increase with inflation, so margins increase.

Exciting times and a lot to look forward to. I'll see you all on the next contract RNS. Odds on Tema

Gabon makes them nicely profitable. DRC means great profits

Tema and Malawi make huge profits

So you traded it for a bit, stayed silent now are back knocking it so you don’t hold is that right? When you don’t post for a week does that mean you’ve bought again? Hard to keep up with the flip flop double faced posted Misty.

You are out for the Tema news? Not hard to state you don’t hold.

Bashing it many times a day and hope for a fall, but and stay silent, sell then get back on the bashing. Legend eh?

You are out tho yea?

You are out? You said you traded it again when you went silent but just confirm you don’t hold again,

There he is. Claimed to had traded it for a few hundred pounds again? Went quiet now back bashing? lol

So you are now out before a very large Tema deal lands is that right Misty? Can’t have you claiming to have been in for it

Vander unfortunately you don’t have a grasp on what is happening. Perhaps you should await the contract rns

We are returning to Tema as heroes after Scanport skullduggery. They are out, set up by the last government and their website is down etc

We got fairly shafted in a 3 way split last time at about $2/TEU. That would be $4mill/year now.

I think the minimum we would want/get with a direct 2 way split to MPS is $5/TEU giving $10mill/year initially

If we get what the rate was for Liberia at $10/TEU which is reasonable, that’ll be $20mill/year rising as the new extension opens.

Tick tock 😉

Of course I meant to financial aspect of June- Dec

Can’t wait to see you all scramble and pretend you held. Soon 😉 🤫

Some info on Fiji/ghana/malawi/guinea would be nice.

Results for this year mostly meaningless in the context of what’s to come next year