DHC1 Nov 2018 10:40
I don’t think there’s more going on here than meets the eye.....
I think Westminster are doing what they have agreed with their Client, getting everything in place to go ahead with the contract.
I do agree though that the market doesn’t believe it’s going to happen in the short term, whatever counter response the EU have to Trumpton. Hence the current SP.
However, I’ve increased my holding again based on the fact that I do believe this contract will go ahead, I’m not sure when, I’m happy to wait or I may be surprised very shortly.
Furthermore I think that the transformation of this contract to the Company will see a very large increase in the SP & trying to get stock will be no easy feat.
Lastly, it’s possible that WSG will announce its ‘other’ contract shortly, as per the previous update RNS, which, along with its existing business makes the current SP solid, imo.