Member Info for Humanbait

You can work it out within an certain range if you could be arsed. We know it's good margin business.
It's not the company that's bulls##t, it's your posts

I took the opportunity to also ask Mark Hughes for an update on all the significant opportunities that we are aware of and asked if these are still all active. These included, Africa contract, Saudi Ports, etc etc and even Iran given the possibility of Biden winning and in turn the return to the JCPOA.
A bit cheeky to ask and obviously he can't give me anything price sensitive. But I think the response was more forthcoming than we normally get from the suits. He gave me permission to share this part:
''It is fair to surmise that as we have not issued RNS to change any of the items you have mentioned below, then we consider them to be ongoing.''
Good to hear this and have a CFO that tries to comment rather than just batting away. That tells me that they do care for us PI's.

Ok, the answer is in the Report and Accounts page 73 :
Revenue in respect of supply of product is recognised
at a point in time when products are delivered, and
legal title is transferred to the customer.

Now 1700 pubs would be great....sanitising station and a vending machine in each:)
Hamish must be frothing at the mouth at all the opportunities

https://twitter.com/wg_plc/status/1296053656182296576/photo/1
Our stylish yet functional mist hand sanitising system blends in seamlessly with all environments. The unique design allows for brand personalisation and the ability to choose from 3 discrete colours...

...Here, you can see one of our stations in a Miller and Carter Steakhouse

Just a quick question about when people think the income we get from sales would be booked, So much has been said about our Covid contract wins and I am sure that the vast majority have not been announced due to the smaller size....in total they are however significant.
In terms of what would be shown in the H1 numbers, would these be the income actually received or would we have booked all sales agreed, supplied and invoiced? If the latter then our cash position is even better than stated in the last update.

Yes, agree completely that we are in the best position in our history.

I would add the Keyguard contract. We don't know much yet about the income potential but based on the comprehensive guarding services stated that we are providing but it should be significant. Another excellent win for the WSG team.

Providing the security for a multi stage building site of 3,500 houses doesn't come cheap and will last for a few years.

As Boris's build build build strategy starts to get implemented, this is another showcase for WSG/Keyguard to grow substantially. I'm sure there will also be some covid related Tech sales into this market in the short term as well.
HB

Panza, a really good summary of where we are and the hopes that I have for H2.

A good additional point is that perhaps many of the smaller contracts and indeed the larger ones (e.g. Blackrock) may well be paid in H2 rather than H1. They also have 400k of additional stock which has to bode well given the streched supply chains for this Covid equipment.

Thanks H&N for the update on the US contract. More good news that lots is still going on in the tech section.

WSG have put so much effort into developing this training business and I agree this is good for our credibility, showcasing our expertise and to generate up sell opportunities.
If this can become a significant revenue stream as well then that's a true a win win. Doesn't look like the capex is much either and so I'm happy they've jumped on this opportunity as another potentially significant revenue stream and string to our bow.
Keep at it Mrs Fowler.

HB

So, the biggest takeaway from the update for me was that we now have visability on the Tema income.
'' in H1 2020 the project has generated over $1 million USD for Westminster. A third berth has recently opened, and the fourth berth is due to open later this year, expanding the TEU (Twenty Foot Equivalent) container throughput capacity from around 1 million to around 3.5 million per annum when completed. ''
A couple of my conclusions are:
1. Looks like we're getting £2 to £3 a TEU. We discussed at length the possible income from this transformational contract at the 2019 AGM and this is precisely that. £1m in first 6 months and two births being added this year. We can reasonably expect a big increase in TEU's in the near term as companies don't invest £1.5Billion without a plan to use the capacity. If we get to the 3.5 million TEU's then we are looking at trebling our recurring revenue in one contract.
2. 40% margin. We talked about much higher figures for Tema but we had no idea exactly what service we were providing. Now we know we are not employing the people on the ground and so the 40% margin on the figures we have been given is excellent and IMO vastly reduces the risks associated with WSG.
3. Tema is an amazing opportunity for WSG to demonstrate it's services to the world and especially to the Saudis
Finally, profitable and in the middle of a pandemic:)
This is all down to PF and his team. If they're reading this, well done and keep up the good work.
AIMO
Humanbait

Remind me MTP are we paid per departing and/or arriving passenger?

100% agree H&N

Incidentally Yrabs...did you get warrants with urs?

Just so many opportunities close to us :
Developments at Kumasi International Airport in Ghana includes a new passenger terminal with a 1,000,000 pax/year capacity, the supply of baggage handling systems & security equipment.

Thanks Manx....now I remember where I heard we were mentioned with Smiths.
That has to be good for us if they are using Smiths for the equipment for the Saudi ports as we will be aware of how to work with their kit and our service is proven in this regards at Tema.

''Increased throughput rates & system strength are chief considerations of container scanning at ports. The Smiths Detection HCVPZ60 is a drive-through portal for the inspection of trucks & containers with a throughput of up to 100 trucks per hour. ''

Correct me if I am wrong but we use/sell the Smith kit.

Another tweet:
Container screening and security contracts currently being discussed with sub contractors, exciting times for Saudi investments in ports and transport.
The more I read about Salman Investors, the more they appear to be major players....more research needed and so anyone know more about them?

https://www.arabnews.com/node/1704226/business-economy
Saudi Airport contracts...could be one for us in due course as expect to complete in 2022.

ON their twitter page:
''Saudi Arabia security & policing will hold the lion’s share of spend this year, at US$5.4 billion. We invest in many sectors but see massive growth in security companies with contracts for port's, airports and physical & perimeter protection.''
Good to have as investors

At last some research :
https://www.uploadlibrary.com/SPAngel_Tania.Maciver/WSG_Initiation_Final.pdf?utm_campaign=SP%20Angel%20Spec%20Sits%20Research%3A%20WSG.LN%2016.07.2020&utm_source=emailCampaign&utm_medium=email&utm_content=