RE: New to WSG, breaking rules, buying on spike! Research welcome LTH :)3 Mar 2020 16:26
5 years of double digit revenue growth
looks like they might be EBITDA positive for 2019
They have one signed MSC in Sierra Leone which pulls in about £4m p/a...record numbers flying there
They have two training partners. One in Tunisia, one in UAE. They have a training centre in Banbury. They use the training to earn some bread and butter but also to meet, network with and upset their services, technology and managed service contracts.
managed service contracts is the be all and end all. Multi year revenue providers . WSG are appointed and running security in the new Tema `port in Ghana. We await the contract signing..it is due!!
They are gunning for more than ten other managed service contracts all over the world. The next closest one seems to be an African airport contract...but who knows?
They have set up a subsidiary in Ghana and are hoping for more business there at Takoradi and the airport.
They have done a JV with a huge Saudi company and are working with them to win security contracts at dozens of ports and airports in Saudi.
They have cash and are employing more and more staff to facilitate increased business opportunities...
everyone else feel free to add