RE: wsg11 May 2018 15:58
Positives:
The Contract is Signed.
It is worth 24 Million Euros a year. (~�18-20million).
It is for 15 years.
There are still many more smaller contracts and MOU's being worked on. (Like the $4.5m one recently announced)
The Potential upside of this is HUGE.
Negatives:
The Airport is a Major one, but it is in IRAN
The US are potential going to impose Sanctions on Iran - THE US, not Europe or the UK.
The Sanctions that the US might impose are likely to cause some extra work and mean that WSG will need to resource certain equipment or staff from Non-US sources.
This may mean slightly increased costs, or longer turn-around times.
Overall:
Its still a massive contract, that will be great for the next 15 years as WSG build into a bigger company, and have access to a growing market.
Europe are highly likely to reject any sanctions that the US impose, which means this will be fine.
The market has reacted quickly and negatively, and perhaps a lot of US investors have left.
As the dust settles people are realising that this is still a great contract.
Get in now, before its too late.