Member Info for MikeGP

Do we have a little list of who is attending from within our ranks? Will be nice to have a catch up with some of the familiar faces given the lack of face to face AGM attendance. I'll be there and staying local that evening.

Would be nice to hold station today and consolidate the recent gain. I have a sneaky feeling that there might be some more news next week. They seemed quite bullish about some large tech contracts appearing in the near future during the presentation and with dignitaries from over 10 countries coming to Bumbly Towers to attending the Queens Award Ceremony next week,.. it is the perfect time to sign and seal deal(s), in terms of PR and convenience- no foreign travel required by our guys?

Fingers Crossed.

Foxxy--- I thought it was one of your better posts..... hence I voted it up and my response!

Foxxyy,... you hit the nail on the head.......----- with the recently announced MSC's...once online and generating revenue.... the numbers do seem suggest that we will have reached a 'critical' mass in recurring revenue, with long-term visibility of income,.. and that is a game changer.

The recent placings , leaves us with jo debt at present!!)... and that opens up different avenues fro financing should we require it to fund up-front costs on new MSC's.--- although, from the recent presentation,... they appear to be looking at more inventive ways off doing this,... with payback of the equipment capital costs being rolled up in to the per/person/container scanning security costs.--?

Anyway,.... regardless of the doomsayers.... the outlook is most certainly looking more positive.... we've had enough pain here... time for some gain!

Dr M..

..and you forgot to mention training which is also now operating above their expected recovery numbers

Andy.... just booked my Hotel--- going to stay over on the Friday evening if you are around for a beer and supper?

GTS1---- yes my ears pricked up at that--- I was thinking less than half that amount.

Smudgedan,

Completely agree. Don't think the numbers will particularly encouraging at all,.... its the forward looking statement and the update on the two new contracts that will be interesting.

Any news on Tema will also be welcome,... and need on the 4th berth,... it must be very close to completion now but I suspect that they will have to MPS the operator, who will no doubt want the headlines when issuing that sort of news.

An update on SL will also be useful-

... and of course any news on Saudi--- and the in country progress, be that in the formation of the company or whether discussions have resumed on the Port opportunities.

Best

Foxxy,.... don't worry,.. even us rosey tinted LTH's have always known that you have a sense of humour,... why else would you be here!!!

Foxxy..... Friday 3rd September

...enters the Iggy bin! Congratulations.

oops.... Argen

.. have a link to the Argentines Broker Note?

Thanks in advance.

Hb,...

I doubt the contract it is a screening contract in that sense, else I think they would have mentioned it.

Probably a more traditional cctv camera's/metal/explosive detectors.......

Hugely impressive win and great PR/marketing opportunity. Will surely lead to more high profile building protection contracts of which there are many. Windsor Castle next, perhaps?

..for his appointment, Jungle?

Current non-exec Director position includes SRT Marine systems.

https://srt-marine.com

One of their fields of expertise includes Ports, Vessel and Border monitoring.

https://srt-marine.com/systems/vts-ports-waterways-system/

In late 2019 they won a contract with Bahrain Coastguard to install and monitor the movements in 7.500 vessels. Bahrain, of course, borders Saudi Arabia, where Westminster have already been in country advising on Port Security.

https://srt-marine.com/srt-takes-part-in-bidec-2019-2/

Ian.... I wonder if the market is discounting,... at least in part, the 5 airport contract until it has been ratified. In theory, until that point it could fall through?

Ian B.... $6M... dollars..... circa£4.8M--- pound is strong against dollar at the moment which isn't helping us.

..and revenue form Liberia starts in September.. only 3 months away..... on all containers passing through the port,.. scanned and unscanned.

Jimzi..... I don't know if you have watched the interview--- but item 3 was addressed by PF.

We know that the margins are good on the airport MSC's.. and he was at pains to stress that negotiating the fee during the 'covid' period, has allowed them to ensure that they operate profitably even with these reduced pax...--- given the costs for scanning equipment, etc., are largely fixed,... the increase in volume,.. which could be as much as 100% means the growth in sales revenue over the next couple of years will pretty much go straight to the bottom line. ... and he is clearly optimistic that these 5 airports will lead to more ....

Best

.... is just 5 airports of 54 existing in country airports!

The 11th Largest country in the world,... twice the size by area of Western Europe.... where air travel is an absolute necessity to get anywhere fast.

The scope for winning more airports, just within DRC is HUGE.