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Cheers buddy, I will let you into a little secret. I am only 22 years of age! I have built up my fortune (small in proportion to my end goal) over the previous 2 years and am looking long term for WSG. I still have the best part of 30-40 years so hopefully i will be worth 6 figures by the time I am 25 and then 7 figures by 30. One thing I am lacking is the art of patience. Any tips on how one can learn to be patient?
we are in active negotiations for 2.2million pax which equates to over $1billion and since we are proving a huge success, I am sure PF and WSG will be able to secure all, if not all the contracts on the table. Other respectable posters are suggesting £1 on the third contract, which is not far away and others £3 by next year. Also, Peter Fowler usually creates a vast empire of a busines and then sells it off. He has done it with his previous 2 business so I would not be surprised if their is a bidding frenzy for us 2-3 years from now, which could me ££££ and i mean serious ££££! lol
our market cap is a mere £12 million with only 11million shares in free float. As such we are due a HUGE re-rating from these gargantual sized contracts. Once these contracts are relalised our share price will hopefully rocket!
No worries matey. I am also 100% against oil exploration firms. I think there is simply too much risk. It is just like going to the Casino and betting whether the ball ona roulette table will land on red or black (i.e. whether the firm will find oil or water!). I have been invested in WSG for almost a year now and have accumulated 100,000 shares. The company is one of a kind in the sense it has many types of revenue streams, has the best security equipment, internationally known, have all expert employees with contacts in the government and have been in Africa (Nigeria) for almost 10 years so they have built up an extensive credibility. Last year, they switched their grwoth strategy from one of a contract based for security equipment to actually providing security at airports. Revenue they receive is on a per passenger basis so the more passengers that fly from the aiport, the more revneue they generate. The first aiport contract they secured was of Lungi in Freetown, Sierra Leonne. It has been such a success that many flight operators have begun flying there (such as BA), a new terminal has been opened and we are proving our worth. Also we have been given the contractual rights to all new airports built in Sierra Leonne over the next 15 years. As we are in a transition process, we have been in negotiations with other governments in Africa over the past year. Last December, we were given a heads of agreement with an airport in West Africa. Peter Fowler our CEO is in Africa this week (apparently) to sign on the dotted line, which would be the biggest contract in our history, and many more are predicted to follow in the short term. Just to give you an idea of numbers. Lungi had a pax (passenger inflow) of 0.12million. This contract is for 15 years and worth $150million. The contract we are about to secure is for 0.40million pax (perhaps my guess is for $300million). Agains this is just the start and I am hoping the share price to reach around £2-4 in the next 2-3 years with a possible move to FTSE 350 in early 2015. We also are in active negotiations to provide security for oil pipelines. Nigeria loses more that $3billion in lost revenue from stolen oil so we are very close to securing that contract. How close is anyobody's guess but as we have been in NIgeria for 10 years, I am sure it will be sometime this year. A lot of excitement going at the company and a lot of money to be made. The BOD are perhaps the best I have come across- open, honest, no corruption - everything you want from a management board. Hope that helps
Well actually, I am heavily involved in WSG (around 95% of my portfolio) so quite a substantial holding. However, I noticed that you posted on the WSG board some time during last week so I decided to do some further research into INTQ myself. The results last year were quite exceptional but it was a high risk trade/investement due to the number of times late last year the company decided to issue equity. Neverthless, issuing equity was indeed a good move for the company to fund its expansion (via 'organic growth'). I noticed that the company had broken through its upper resistance line which signalled it was time for me to invest so I decided to put in £3K -so far so good! :). May I ask what drew you to this company?
great update!
3month 9day 3SMA show that the upper resistance has been breached @ 180p. I think it means break-out?
You have the right idea about an investor loading up. However, I seriously doubt it is a fund manager. If fund managers wish to diversify their portfolio to small cap stocks, they would usually screen out once below for example £50 million market cap (not saying PET is not technically greater than this) but there is a high element of risk for them. In addition, fund managers tend buy in chunkier amounts, around £6 figures usually in tranches so i doubt it is a fund buying in. Neverthless, you are correct to spot that someone is loading up. Although, I suspect is an ordinary investor :)
Thanks riddler. Cheers for the TA. The bands could not be tighter so hopefully a breakout can occur once it breaks 18.5p resistance. I'm still getting used to TA so hopefully I can fully understand it a few months down the line. :)
our seller is one stubborn mule; 9 days till interims.
Laughing hysterically all the way from spain!
£2k