Member Info for MikeGP

Typical,.... I cursed it!!! We were 8% down when I started that post and 10% by the time I had finished it.

I'll stop posting and try and not lose you all anymore money!!!!!

... after such a large and sustained rise,... a little retrace is inevitable,... some people will be 100-150% in just a few days. To be honest, .. I was expecting some pullback--- an if it stays at only 8% I would suggest that is very modest. It wouldn't surprise me at all if this finished blue.

It's a two day visit to DRC by the UK Envoys,... so today is the final day,.... and I presume that they would be 'in the room', with WSG for the signing, assuming it does happen.

Fingers crossed for an exciting RNS tomorrow,... or my guess would be Monday.

Best

Morning Linton....

"Sceptical Sed bonae spei"

Sceptical but hopeful ... I would like to put that forward as a our new motto for this thread!

.... and finishing 6% up. 4 or 5 days of solid gains with no sell-off and fall back. All looking good .... UK envoys in DRC and presenting today and tomorrow, as per Linton's x link posted earlier today. So all going as planned and flagged in recent company Interims.

Best, M

.. welcome and good luck Rayte...

MasterB... yes Martyn's law will be a new, a repeat, business opportunity,... you only have to look at the recent terrorist attack in Moscow... to realise the importance of this law,.. which comes in to place in 2024.

Best, M

Txs Linton.-

So if it is going to be ratified on this visit,.. it will most happen during this two day trade envoy visit,..ie today for tomorrow... and then we will await the WSG RNS...... could happen this week?.. or Monday RNS?

Either way,..not long. Happy for the sp to bob around 3-4p,.... until it drops. Then who knows,... I guess it will depend on the actual deal secured,... timing of commencement and deals of funding. - presume the market perception of the DRC contract and value will involve some form of risk factor, given the region,...-- but would still open to see head north of 6p in short order. Has been an exciting week,... thus far,... and more to come! Been a while since I was up and checking for an RNS at 7am--!

Ian,... good spot,... those figures for departures/pax are just N'Djili International Airport.- 2014 were the pre-covid figures and can't see any official numbers for years since then. Our Sierra Leone project, numbers have recovered and are now above at record levels. Hopefully the same here in DRC,... but political instability in country may impact on that,.. so not necessarily a fair comparison. If is is above 1M pax that is good news,... and as you say,.. the terminals have room for substantial increase in volume. Best, M.

Properly game on then.

Excellent.

Merci beaucoup!

Ian B,

May well be,.. but those are the latest fiogures that I could find on line... if you have more up to date info,.please share and I can update.

Best

.. interesting your thoughts on timing,...I've been searching for info on UK Envoy visit to DRC.. but come up with nothing and can't find anything as to your ref regarding 17th. Any links or hints!!!

2014 - pre covid numbers:

DEPARTURE FIGURE--- on which are revenue is based.

International- 244,000 x $55/passenger = $13.42M

Domestic - 144,00 x $10/pasenger= $1.44M

Total Revenue= $14,860M

That is country statistics and DRC has circa 30 airports,... some commercial, some military some freight. But if you look at the individual airports and stats.. you will see that the series passenger traffic comes from a limited number or airports... look at the airport carriers using each airport to validate this.

If you assume that WSG will screen circa 65% of the departure traffic via the 5 airports that they will 'manage'... that equates to revenue of circa $9,659. NOW... that won't all go to WSG,... the government will want a share, we assume,.. as will the company on the ground which will be providing the day to day operation, managed by WSG.

If we assume circa 60%,.. would go to WSG .. that is $5.988M,.. which at $1.2/£1=£4.9M

We tend to have a decent profit margin of between 50-60% on our managed contracts ( refer to previous years accounts)... and if we apply 54%.. the most recent figure... that would suggest WSG will show a EBITDA profit of £2.7M/annum.

ie 330m shares= 0.008 eps and 8p a share on a p/e of 10.

So my reckoning is that the DRC contract,.. adds circa 8p to the sp,...--

As I said before...... just putting those thoughts out there for anybody to come back gone.

Good luck the LTH's and the newbies.

Best

Yes ... I have... and I posted the numbers a few days back together with the departure tax?.. together with the relevant links.

How much research have you done? Would care to comment t on my calc regarding potential value of the contract to the SP,.. would be good to hear your thoughts.

Well,.... no longer an IF, surely just a WHEN,.. hopefully in the timescale that they have put out there. Just 16 trading days before the end of April.

For anybody sticking there head in here and wondering why the rise:

"I am pleased to report we have made significant strides forward with several of the large-scale, long-term managed services airports and ports opportunities, each of which would, when secured, provide multi-million-pound step changes in annual revenues. Foremost amongst these is our project in the Democratic Republic of the Congo (DRC) for which I am delighted to announce that the long-awaited ratification process is currently being completed, being the final part of the formal procurement procedure for the now 10+ year contract signed in June 2021 for security services to 5 airports in the Democratic Republic of the Congo ('DRC'), Central Africa. Arrangements are now being made for a senior Westminster team to travel to the DRC with a UK Government Trade delegation in April to hopefully finalise matters and to prepare for commencement of the project. We expect to make a further announcement after that visit."

https://www.lse.co.uk/rns/WSG/interim-results-xlz7z1q0rg4v4au.html

... and held up in to the close... and new ISA year next week.

Nice to see some fresh/renewed interest here,.... Have a good week-end all.

Sorry,.. here is the link.

https://twitter.com/wg_plc

Dr M,

Quite a bizarre post from WSG---- just re-iterates what they already put out there in the interims,... unless it is just reinforcing the 'heads up'... to the faithfull.--? Let's hope it is PF trying to show us the way.

Reece,.... and gap up signs on L2?

Max,

Well it is all being driven by the 'off to DRC' in April for the hopeful final ratification. Sincerely hope that we don't get let down again and it gets pushed back as that will be very disappointing,.... we are surely due a bit of reward after all of our years of patience and understanding! Fingers crossed, 1st week in April almost done.