Member Info for Foxhill

Mailed at 8.45.

“Quick question. They had to kind of remind us that their main focus is still Airport managed services. Then forgot to update us on the only realistic opportunity they have. What might the reason for that be??

No response yet :-)

Judging by recent AIM moves - you’ll know about the market’s reaction, within the first 45 mins of trading.

The lack of faith in the board generally, demonstrated by the current SP despite us running the gig, will morph into significant ongoing scepticism at Bumbly forecasts.

They need to convert an additional ‘cuspy’ to meet most LTH expectations given the disappointment and dilution heaped on holders.

I’ve reported Etin missing. Hasn’t been seen for a while. Not since WSG replenished the coffers. ‘Hope he’s Ok.

Perhaps he just had a thing for Iran?

You might be right. I’ve no idea.

I’m not waiting that long.

I forgot the ‘at least’s’. 1,2 perhaps 3 MSC’s that they thought were kind of nailed on for last year - that still haven’t materialised - or died. Joke.

Namibia and New broom - I suspect.

For November - if at all.

Reasonable odds that despite starting the year with 10+?MoU’s two signed contracts, several projects on the cusp and running a Port FOC (perhaps) they still manage to sign nothing this year.

RNS suggests that they’re still negotiating.

This year’s AGM promise to disappointment ratio might eclipse all previous efforts. There are only 12 to 14 weeks left, realistically, within which to break the habit of lifetime, well IPO.

Yawn.

I take the view that if you ask a simple question...

And he doesn’t want to answer it...

There’s a reason.

It’s dead. Not officially of course.

Questions on Namibia was hilarious.

I’ll ask TC.

You can usually tell by the way he doesn’t answer the question, roughly what you want to know.

Is that these negotiations and attendant bureaucracy take so long, that invariably the folk you’ve built your relationship with -are replaced, moved, dispensed with.

Africa. New broom. We got swept. Is just my view.

Happy for PF to clarify. ‘Opportunity missed/‘overlooked’.

Suggests it’s dead.

He thought they’d be signed before he needed to raise.

He banked on it heavily. Neglected to raise when he could at significantly higher rates then got screwed. In the best interests of the business.

The market think them more likely to **** it up than close it. What’s the point in scrutinising when they entirely overlook updating the market on a contract they have signed. Anyone care to ask PF how they managed that?

Why do you contemplate such an appalling raise if you have such an abundance of cuspiness.

Where have all those eager HNW strategic small cap business development specialist types run away to just when we’re days, perhaps weeks from transformation.

Poor timing by them eh?

No! :-)

It wasn’t PF. It’s a partnership remember.
WSG, Scanport & MPS all thought 30 days would suffice.
Unless PF went solo with his interpretation. In which case he was wrong/misleading.

I am with you Aiming. No surprise there.

There is nothing significantly new in there.

Sutcliffe In South America. I’m pleased for him must be less arduous than Africa. ‘Hope he comes back from as many successful trips as Lawrence did. Joke.

Multiple contracts. See multiple MoUs. Nobody cares. Multiple disappointment.

Multiple cusps. Multiple disappointment.

Multiple admirers of Impressive Flagships. Multiple disappointment. How long does it take to offload a $1.4m purchase for £170k?

Tech numbers great. And show previous years to be the crap that they were. But there’s a new direction/focus. Thank god.

Even WSG felt the need to remind us that they are still an Airport specialist company, lest we forgotten.

“Whilst airport security has been and remains a major focus of our business, there are also other equally exciting opportunities, such as port security and .....”

Despite that reminder for us, they either forgot or negligently omitted to update us on the only realistic airline project in hand Africa. Not a peep.

The tech sales and Ghana (plus others?) are an indication that reality is dawning on Banbury. Writing Airport business isn’t working. Ports might be more viable.

So back to Ghana. “Coming weeks” means nothing. Has he said weeks before? Irrelevant. He said days.

“The document confirms exclusivity whilst final rates and the formal agreement are finalised, indicating this should be concluded within 30 days.” That didn’t happen.

That came and went - ‘got extended and keeps going, presumably. We don’t know. Vander may well have valid concerns.

Coming weeks might be two. Shouldn’t be more than four - because that’s months. Might be twelve. It’s an ongoing demonstration that they don’t know or don’t want to put another line in the sand.

Hence SP apathy.

I think, until proven otherwise, that Tema’s the only genuine project they are working.

Let’s face it. They’ve been hawking a business model that’s essentially free to the client, for years, without success.

Doing it for nothing (if we are) was a natural next step.

Confirmation that we will be paid in lieu shouldn’t be beyond them, without compromising themselves.

Nobody cares about results. 30 days was a nonsense.

Don’t expect to learn anything new tomorrow. Just lots of references to what’s been said in previous RNS’s. Interesting to see if ‘nothing certain’ makes a reappearance.

Increasingly (to me) that the decision to engage in works at Tema was borne out of the need for a good news SP pump.

Braced (expecting) for more disappointment.

There was evidently nothing else on the horizon (cusp). We’re two month on. Nowt.

You mean placing, not party.

If it was party, he’d not have made an appearance for 7+ years.

Repeat. I didn’t say I agreed. That’s how folks out there feel. Constantly mislead. Soon, imminent, cusp, 30 days. At least. Etc

**** off.

Sentiment
Clarity
Meaningful info required.

HK is fooked. The market is mad. Two out three perhaps. Reasonably reliable then :-)

Or you can listen to young Vimster.

Or the RNS’s... very reliable.