Member Info for MikeGP

... vis a vis.... the other contract expected yo be signed this year..

1 At what stage are we in the process?
2 When did the process begin?
3 What are the outstanding issues which need to be resolved/agreed?
4 Is the signing of the contract dependant upon and third party approvals etc.,?

Thank you!

Best

.... on all fronts is my quick take on that.

Tech division signs biggest ever single contract
Managed services at record levels
Ferry operations sorted,.. whilst not impacting negatively upon Airport performance- just need to sell/lease the SQ
Training services increasing- taking on more staff
Cargo Services,.. at early stage,. but with potential for significant growth.

..and expect to sign another long term Services contract before year end.

EBITDA positive too.

M/E contract signed,.. client wanting to push ahead,.... no supply chain issues with the USA forseen- but,..structural banking solution may be required,.( which will be the same for many companies, from many regions working Iran,-- hence, IMHO,... there will be a solution,.. it 's just a question of when).

Didn't fully take on board the size of the opportunity here- 60 airports,.. second largest economy in the M/E and North Africa- 80 million people.

Now for some sun--- 34 degrees here in Seville,... have a good day all!

Best

..perhaps someone could ask why the Board weren't prepared to arrange for the AGM to be recorders etc., and put up on their Investor Relations page? Is it because they are too busy destroying shareholder value?

Many thanks.

Heard back from TC,... the AGM will not be broadcast or recorded.

Can I suggest that someone attending records the AGM on their phone if possible?

He did confirm that there will be an update for the market,.. I assume that will be an RNS tomorrow morning.

Anyone posting notes,... thoughts etc., after the AGM would be much appreciated.

Best

txs response.

... is given you spend a lot of time on here berating the Company,.... why don't you make the time to attend the AGM and actually hold these guys to account? That surely would;d be much more beneficial and help you to decide what to do with your holding,.?? I know that you have said in the past that it would be a waste of your time and not achieve anything.. But by he same token,...... as you have also said,..if you really believe that any ramblings on here doesn't affect things,.. why do you bother? I genuinely would like to see you attend the AGM and grill them. I think it would be very interesting for us to to se stand up and say it as it is,....or as you think it is,.... and hear their responses. Best

HDave, Spot on. We do not want all of our eggs i one basket,.. for many different reasons,.. slow but sure catchee monkey. Looking forward to next few years. Best

Fell, Sound are using 8$ in their calc that churns out the £1.50/share TCF. JJ said every $1 above or below, makes a 20% difference to the share price, plus or minus. JP seemed very comfortable with the range in discussion, his body language, IMHO suggested that $8 is in the bag.

Not so narrow now,... 12% Jimzi,.. I'm not miserable,.. i'm a happy little bunny! Best

We are certainly due an update of the 9-17-31 Basin Model and that could come at any time,... in the FSC.. they said 3 weeks.

i didn't apply 60% gross margin to the Tech contract,.. I applied that to overall revenue as per last year financial as per last years accounts. You started the Tech margin debate. Not me. How you can deduce what margin the individual sectors are making from those figures I do not know,... especially if you look ate 2017- 2016..... if what you are saying is correct the margin is much higher in the Managed Services. Between 2016-2017..the revenues increase by about 25%... Tech revenues by only 10%... and yet overall margins fall by 11%? I was trying to help Ned with my take on the current sp and value, without the M/E contract. What do you think,.. what is fair value for the sp,. given the revenue that we can book this year? Best

It's the opposite three putt. ______ Final Results Fri, 25th May 2018 07:00 RNS Number : 2678P Westminster Group PLC 25 May 2018 "Gross margin decreased to 59% (2016: 71%) as a result of lower Technology margins (fewer large higher margin orders) and the impact of cost of sales being higher than revenues at Sovereign Ferries. _________ It's the higher value contracts that have carried the highest margin in the past. Best

.. to put those fag packet numbers to the CFO and ask for comment at the AGM,.. that would be good!

Ned, Looking at last years Financials,.. and knowing what we do about the growth in PAX at Lungh and the new tech contract I would suggest that annual revenues for the current period ending Dec'18 could be in the region of £8M,.. which would be circa 50% up on 2017 (£5.4m)revenues. This will be the first year where we have divested ourselves of the majority of the Ferry operations,..plus majority of the front end costs for the M/E contract will have fallen in the previous year,... so you would expect to see the losses associated with these items reduced in the current year. If you take the gross margint, as per last year's financial,.. circa 60% and apply that to £8M,.. i.e. £4.8M.... stick that on a P/e of 10,.. i.e. £48M ... shares in issue etc., 125M.....( ?? from memory)=== sp of circa 36p That's where I think we could be at the END of this financial year,... without any other Contracts etc.,..plus bear in mind that the big contract win,.. is a one-off,.. as far as we know,..although depending on what it is there might be some on-going maintenance/training etc., Anybody else care to stick their heads above the parapet? Best

I'd like to see them wearing shirts with "F'Off Trump" on them.

jungle..... hope it comes good for you. Hard to believe that anyone is sitting on much of,,..or indeed,..any profit at the moment. I took a calculated risk.... and bought a lot,.. and I mean a lot,... at 6-8p,... so I have a relatively low mid-teen average....... hence,..probably more relaxed than most on this board. I hear what you say about PF,.... but let's face it,..they delivered the contract,.. and if it wasn't for Trump's action we could well be sitting here singing his praises with an sp of 75p+ Ebola,.. and then Trump. We are due a bit of good karma here soon, surely??? Best

You'll be at the AGM Jungleland to make your concerns known?

aliaspc, Absolutely understand what you are saying and I agree with you that they are two different issues. But I think that are linked,... as Trump has started something here, where the EU and the rest of the world could have "rolled over" and accepted his actions,.... or,... they could have stood up, as they appear to be doing. The sentiment adopted,..ie "stand up to him",.. rather than be intimidated by him,.. is important,.. as that does come in to play with the EU negotiations and Iran. At least that is my view. Best.

https://www.aljazeera.com/news/2018/06/eu-endorses-counter-trade-tariffs-180614154834675.html European Union countries on Thursday unanimously endorsed a plan to impose import duties on $3.3bn worth of US products in response to Washington's tariffs on steel and aluminium imports from Canada, the EU, and Mexico, EU sources said. "Member states have today unanimously supported the commission's plan for the adoption of rebalancing measures on the US tariffs," a European Commission source told AFP, adding that they would be implemented "in coming days." These retaliatory tariffs against the US' painful duties should be in place by late June or early July.

I think that if you are investing now,.... or assessing an earlier buy,... you have to put aside how they performed in the past,... and look at what is on the table at this point in time. The BoD has been strengthened and have good connections with HMG,.... the Tech division has landed their first 'major' contract within the past few months,.... the managed services division is growing... and new training contracts are adding to annual revenue. The loss making,.. and to be frank,.. embarrassing, foray in to the Ferry business has been cut loose,... and the repayment of the loan notes, has been kicked down the line to Dec 2019, if need be. We have all had a tough old time of it,... frustrating for us,... frustrating, no doubt, for the management and employees,.... but it does seem like there is some light at the end of the tunnel. Let's just hope that it isn't a train coming in the opposite direction,.. GLA. Best