The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Need to clear the sell order to move up. Repeated 250k sells have been ongoing for a while now and the buying frenzy has dwindled.
Id guess spreadex who held 6.1% on last holdings rns are reducing. We had a couple of very high volume days when DRC was ratified. So they may have sold into that liquidity. Best guesswork only. Theres 3 other possible candidates if you check back from 2020.
The sp should adjust if and when its announced the contracts are live. Maybe sooner if Fowler announces debt funding with fav terms which surely is due. Hes back out there in a week.
I think its as simple as a large sell order driving it down. The Mms will take their stock but they want it cheap. I would expect a bounce when they are out.
A Lowly £8mil mcap now which is about what the companies worth with out the DRC 5 airports contract signed.
The new contract is not priced in at all now imo. Quite Amazing really but a reflection on wsg history of let downs.
I suspect a lot on the sidelines waiting for some news on financing.
Misty not a peep for a week after the contract landed as he had bought in.
A huge win for wsg and zero comment for 8 day from him. . As Soon as he sold his trade hes back plying his negativity.
A Predator stalking the naive holders. Playing them like a fiddle.
If they take on domestic airports for internal flights, pax is 2-3 times that of international flights.
Freight is said to be double pax revenue.. (unconfirmed just notes on the private twitter group.)
Future Potential in DRC is current income a minimum of $10mil revenue x 4 ..
International pax growth very likely , improved security means more airlines will fly to DRC.
15 live MSC in discussion. some advanced, one very advanced. Expect to sign at least 1 more in 2024. PF feels the DRC contract gives great credibility and will encourage other African countries in discussions to step up.
Things are certainly looking a lot brighter here than they were a month ago.
Just listened to the first part of the call. A few points i noted, I’m sure mikes already covered but maybe offers corroboration.
“Opex/capex covered by revenue streams, very profitable from day 1”
They Will require some initial funding to start up. A number of options available.
“Our preference is debt financing, discussions under way to do that, we will announce in due course”
He wont completely rule out a future equity raise, “it would be foolish to do that” ( commit to no placings in future)
WSG believe that this contract as it stands should add 10p onto the SP. If we take the low at 1.4p thats a value of 11.4p before any future growth in DRC.
They are very surprised at the current low Sp.
The opportunity for growth in DRC is vast. Internal flights are the main travel means given DRC is the size of western Europe. If they take on domestic airports it will be much bigger than international. They cant take on until international contracts under way.
Freight contract another huge growth area.
Ive not got to the questions section yet. Will try and finish it later.
Lets be honest they have had sod all to tweet about until now.
2 tweets pre contract signing about the DRC visit. Smart pi,s bought in then at 1.4p area.
5 tweets since contract signed including the announcement, a few photos of fowler signing up. Hardly a PR bandwagon for such a major achievement by WSG standards.
Lets see what happens. Fingers crossed holders get to hear what we want to hear on financing.
Was there any PR ive missed other than the results rns? Genuine question as id consigned my shares to the bottom drawer and forgot about them until i read the results and reference to an April visit to DRC, even then i remained sceptical .
Thankfully they got the contract and im very happy with that. Zero PR since. PF was still in Africa at weekend so i guess very busy getting on with business over there.
26p target was mentioned way down in section 7 of results.
I guess its up to investors and potential investors to decide if thats a fair long term target. My view is they will need to win at least another decent msc to get near that.
What do you see DRC as fair value, we know £8 mil pa revenue, margins 50-60% area.
Plus the existing company businesses which are around B/E
Wheres the PR in overdrive you mention?
Its been the exact opposite, No PR before or after. There was a reference in intrims that DRC would hopefully be concluded in April visit.
The contract was then signed on the visit and announced via RNS and theres been no PR since. The RNS stated they have finding options including “project debt funding, the preferred method”
In case you’re not aware, its investor calls with broker tomorrow, starts 1030am. I think everyone’s waiting for some clarity on funding for the new 5 x airport contract.
A couple of guys on the twitter group have calls booked.
Hopefully the right noises will see the next leg up here after the last few days of churn and consolidation.
I expect plenty of chat from late morning, early afternoon tomorrow.
Aiminghigh. Nail on head. Lets see what next week brings, we will know more after the investor calls.
The obvious fear looming is placing, hes stuffed us with plenty but not had one for a long time and the rns suggests debt financing . Lets hope so.
Gentee im a LTH and equally as bitter, ive cursed PF many times - but now theres clear day light at the end of the very long tunnel it is time to look forward not backwards.
Lets hope this is the start of a much better time for WSG and they have learnt many lessons along the way. Good luck.
Wsg have made a resounding success of Freetown airport sierra Leone. Its the flagship model and im sure DRC analysed it very carefully before making their decision.
A minimum 10 years contract signed with 5 year add on. Valued at a minimum £200million but realistically worth a lot more over its life time as more International flights add DRC to their routes.
A further contract with DRC for cargo flights is a very real prospect now and if signed is said to be worth at least the same as the embarking passenger contract? Anyone confirm?
Other African Airport contracts are in the pipeline and hopefully those said to be close will be sped along now they have seen DRC sign. WSG has had a very testing history but suddenly things are looking a whole lot better.
A tiny £11.5 mil mcap this weekend. Surely that has to rise substantially on this contract win alone and the now clear and obvious potential for a lot more.