Member Info for JimPrice

Hi Bolton,

You need to keep one eye on the market cap. There has been a fair amount of dilution which has impacted valuation considerably. The current 2p is more like the old 10p. It is now at an inflexion point, by winning the Gabon MSC the numbers should have us profitable. Historically we have always been a loss making company. Add in one or two larger contracts now and confirm the profitability numbers via trading update, the share price will inevitably move.

The SP has found a base. I think any further substantial contract (with recurring revs), TEMA/DRC will move the needle properly. I suspect we'll see a much higher share price as the year closes.

This is great news, not only is it a decent sized contract and monies added to the bottom line, but a window to even larger business, hopefully one which yields substantial recurring revs:

"This contract is just the initial part of what we expect to be an even larger final project and is expected to be completed this calendar year."

The fact Peter is out and talking again must count for something - he has been practically in hiding for the past 18 months. We have an investor who has taken 27% of equity this year and is going to need liquidity to get a return. That is a real show of confidence and I did get the feel that Peter is also confident about the months ahead. He alluded to more revenues and significantly through large tech contracts this year so let's see how/if this materialises. The share price has found a base and should the year close with what PF mentioned we should be traded much higher than 2p. Fingers crossed.

Interview with Peter Fowler from earlier today. Been a while since he's done one:

https://youtu.be/IoCLeCkjmPc?si=Vh_UxGLD0DmPW4Ny

That's all priced in Rifle but the future is not. Gabon will go live, at 50% margin it takes care of the current losses. This leaves a solid platform for growth, looks like TEMA could provide that in the very near term. These are multi million contracts and transformational for the company. They just need to go live and that's the risk. You either believe they will and get in cheap or wait it out and buy higher. On a side note, did anyone notice we closed NT, no buy quotes, looks like a background buyer lurking again.

Markets are forward thinking. The failures for years have been baked into this ridiculous share price. We've come from double digits to a smidge under 2p. As soon as the market has enought to believe we are at an inflection point there will be a turn. I think it is going to happen this year and that's my opinion. TEMA and Gabon will spear head it with DRC joining when the dust settles. Look forward to seeing 10p again although I didn't think we'll ever get to 50p

And I would hazard a guess that Pantheon are inside on TEMA too. Hope we get a big reveal soon. As I said before we don't often get pleasant surprises as WSG investors but I hope this one will be different

The "latest pump". You might have missed the Gabon contract at $5.5m a year. Looks like Janus missed that too.

I have never spoken to them so cannot say. All I can say for concrete is that they sold themselves almost two bags short. And with reasonable surety we can conclude that Pantheon stuck in £2.5m knowing the state of play of business in SL and elsewhere. Time will tell as always

Pantheon foot all that cash recently, they know what they are paying towards. If the company cannot break into profit pantheon are toast. They didn't take 28% to go out as burnt toast in a matter of months. Either that, or Greystoke is gambling his life savings away.

So what will Gabon and TEMA do for the current state of play, wonders! Of course, whether they get off the ground is the point you and I will differ on. The market is always forward looking and currently it is tentative. That could change. Next few months will be revealing

Well they wouldn't be calling WSG back if they had no faith in them. Gabon is in the transition period (fingers crossed no delays) and DRC uncertainty is going to remain until the political/security situation is calmer. If Gabon goes live at 50% margin, we're looking at $2.75m profit in the first year which will close the cash gap. TEMA could really be a surprise bonus. 2m containers passing through annually with traffic to increase to 3.5m as new terminal opens later in the year. If WSG can pull this contract off and get it off the ground quickly this is going to be great for the company - of course usually caveats apply

Well they certainly missed us. Scanport has been scrapped who were sharing the revenues 3 way with MPS, them and us. The authorities clearly have confidence in our operations having employed us to run their services before Scanport messed it up. With them out of the picture hopefully we can enter on favourable terms. The TEU traffic is at about 2m per annum currently so this could be a very material addition of revenues.

Welcome back misty. I hope you are keeping well. How much do you think TEMA will add to our revenues? Were you expected for WSG to be recalled back to operations?

Looks like TEMA is back on the cards. With Scanport out of the picture its looking like the government wants us back in. Wonder what the terms will be like, will certainly add a few million the recurring revenues. A pleasant surprise

Get the interims out of the way. I hope there is a lovely curve ball PF has up his sleeve. He certainly does not have have a history of throwing (positive) curve falls but I am hopeful we get one in 2025. We can but hope :)

"The rise I think was based upon a false rumour that WSG were reporting some numbers this week"

Can you share more information around this please. I follow WSG avidly on various channels but I haven't come across this "rumour". Maybe I missed it, but appreciate the clarity buddy

Price floated between 10p + 20p pre covid. MCAP between £15m and £30m. For context, it was a loss making enterprise. In today's money that would be between 3.3p and 6.6p. Gabon alone will make us profitable. Chuck in DRC on top of that and perhaps another large deal, this becomes a completely different beast altogether. PF has been carrying the burden of over promise and under delivery for years and the market had enough. The market will awaken and take note when the promise becomes real. I have a feeling we are in for more than just DRC and Gabon but, as always, time will tell.

I agree this is just a correction on the Gabon news. It was a significant contract which moves us into profitability. Once up and running WSG becomes a cash generative enterprise. We also have received £2.5m in funds in the past year, some for WC but largely ear marked to get the ball rolling in Gabon and DRC. We have a cornerstone investor who has taken 28% of the float into sticky hands. Massive show of confidence. The SP is still closer to all time lows and has a long way to correct it self. This process I believe is just starting. Any other news will be a bonus but we have a lot to look forward to in this year with two huge MSCs going live.