I do question why you would think all that but don't think it is time to sell your stock. It doesn't seem like a very sensible investment strategy! For me it is not time to do that. I hold the same fears though and I am not oblivious to the risks but I am prepared to put a value on the progress which is very clearly being made in the past 12 months. These are multi year contracts and it takes time to get them done. Ask yourself if WSG can get this far with deals in Iran (it was signed) and Ghana (almost signed) why cannot is start to replicate that elsewhere?
No, PF is not devoid of criticism but we hear barely nothing else, hence the need for my post - which has attracted considerable support 26 -v- 3. Peter is generally seen to be a good fellow by people on this board - someone who is working hard for shareholders. I was also pleased PF managed to secure a raise which meant we could deliver on a $3m+ contract. We should all be thankful for that! Vander - yes perhaps, but it was what was needed, at that time. Let's call it 'realpolitik'. The Tema contract opportunity is real, certainly. Jimzi is right - it is high risk high reward stuff this, so let's not pretend otherwise.
FWIW my belief is that PF is a decent hard-working chap who has proven he can be successful and is building what in time will be recognised by the market as a very successful British company - and that is chiefly why I remain invested. It would funny to choose this time, of all times, to divest. One thing I do like is that they live by their brand - news does not ever slip out until you read the RNS on the day. It is always easy to criticise but, let's think about this properly, on a human level. Imagine what it was like for Fowler and his team, and all their hard work, when Ebola took hold in Sierra Leone. Even worse, that Trump spectacularly ripped up the JCPOA just when a truly awesome deal had been sealed in Iran. Without this latter event in particular this company would be on a vastly different trajectory already. I am willing to bet that Fowler's luck will change because the hard work does not stop. Also, since he probably does read this board from time to time and might think we are all miserable gits, you can vote up this post to give the lad some much needed thanks and encouragement. We all need it really.
Hope so Tosh. Just as I am starting to think PF must be the world's worst business forecaster .... I then think perhaps it's because he's the unluckiest CEO on AIM.... or maybe it's just my bad luck.... or is it just that AIM is stuffed with turkeys...? ... Or is it in fact all the above?
That smirk has cost me a few quid £££££ so far ...... it told me that I would be obviously stupid not to invest, or possibly even stupid to invest, depending on what PF means by his riddle. Did he actually say that..!?
Interesting Novice though I confess that I know very little about the world of placings, broker houses, share shorting and the rules which govern this. Don't all brokers get involved in trading then...? And if SVS were receiving shares at 10p why are they trying to force the price down...? Are you saying the weight of short trades they were carrying out vastly exceeded the value of the shares they were receiving and they were essentially betting on the market reacting badly to the news of a plaving (at 10p). As I say, I don't really understand this stuff
Gaynelly thank you. I am just huffing and puffing today. I am not leaving the party just yet. A little frustrated perhaps. I want that contract in good time for xmas, and a little more by way of updates in terms of current operations and that payment on account.
I agree with sunny. It is merely a payment on account. It could be big or small. That matters a lot to credibility. The payment does not have to be a fair reflection of the exoected contract payments - it might reflect simple costs incurred (without profit). Disclosure of the sum is not prejudicial to contract talks, and quite clearly so. I might even have to sell my stupidly large holding here very soon if as I am feeling that after deciding to shine the light brightly on the expected contract (before the AGM) the company is now only prepared to emit a weak glow. The last RNS was a good start but darkness still reigns when it comes to the detail. It needs correcting fast.
I don't know a single lawyer (of any political persuasion) who generally knows what is what who thinks the Supreme Court has anything to do with Brexit. We have three pillars to our constitution. The judges would have had to bend or change constitutional law to allow Boris to do what he did and that sets a terrible precedent which there is no way back from - but you are right, what do I know! Amazing. This does not detract from the fact that Boris tried it on for the vwry right reasons IMO and that most left leaning poltiicans are (again IMO) a total and utter shambles by standing in the way of Brexit and democracy in general. We now have a crisis which is much bigger than Brexit ever was due to the inexcusable reluctance of politicians to accept their task. They have let the electorate down and when they bleat that people are becoming violent and angry this has nothing whatsoever to do with the language used in Parliament
Tardis. Just Wow. Let's put some faith in the actions of the 300 ex-officials say Trump's Ukraine actions are 'profound national security concern' . If this is not considered to be a scandal of the very highest order then I am truly lost for words.