Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
What’s with all the low value sells? Been happening for a few days now - is someone trying to make it look like there are more sale trades than there actually are?
janiax - that’s the whole point of his spamming the bb - to bury any constructive posts. he’s just one of life’s****** (*i’ll let you decide whether to insert an i or another vowel instead) i’m afraid.
CAR isn’t that tiny Mike - 120k passengers back in 2012 at the international airport, it’s handling way more than its capacity it seems. So around the same kind of size as SL I think.
Yes 3P it looks like we may be at the beginning of a new dawn for WSG, I think even the most bullish amongst us have probably at some point wondered if WSG would make a return, but hopefully fortune will favour those brave enough to accumulate when it was down in the 1’s and they will make a very good return, those that purchased when the SP was a lot higher and continued to hold , will at least recover some or (depending on what price they bought at) all of their losses and those that trade it, providing that all important liquidity will also make some decent cash on the way back up.
DRC gives us a fantastic base to move on from. When up and running, it will have a decent revenue and cash stream that I am sure will help WSG to push on and hopefully close a few more deals.
They have been promising another one or two MSCs for the last three years, so hopefully we’re not too far away from seeing at least another one land.
Vander, bless you, I appreciate that you and your aliases are desperate to see this company fail. This week must have been a really tough week for you. Are you okay?
Interesting social media this week. Take a look at the tweet from UK in DRC https://x.com/UKinDRC/status/1777702896684999156 . Take a look at the bottom left hand corner, one of the parties out there this week was dma invest.
Take a look at their website advertising the DRC event https://www.developingmarkets.com/upcoming-events/trade-and-investment-mission-to-drc.
Then look at another up coming event later this month in Guinea https://www.developingmarkets.com/upcoming-events/trade-and-investment-mission-to-guinea. Look similar?
Interestingly, in January the Guinea CAA commenced a six month plus English course for all of the CAA staff "with a view to better communication with English-speaking partners"
https://www.linkedin.com/posts/autorit%C3%A9-guin%C3%A9enne-de-l-aviation-civile-agac_agac-formation-anglais-activity-7150874008845033472-Zede?utm_source=share&utm_medium=member_ios
I have no idea whether we are looking at Guinea or not, but I'd be surprised if we weren't. Likewise I don't know who their English speaking partners are, but I think this is possibly one to keep an eye on later this month.
GLR - Managed service contract margins tend to be in the 50%-60% region, the tech deals have lower margins of around 20-30%. For reference see the 28 March 2024 RNS ("The Group generated a continuing gross profit of £1.6 million (H1 2023: £2.2 million; H2 2022: £2.9 million) which equates to a gross margin of 57% (H1 2023: 64%; H2 2022 56%)."
The company is operational geared at the moment to absorb at least 2 or 3 of these large scale MSCs without having to increase head office overheads, so all of the gross margin (less any financing costs of course) will go straight to the bottom line. It will be a transformational deal. What a lot of folk forget is that not all of the investment will be needed straight away, so as the RNS says, they will be able to fund initially from cash reserves and then the debt funding will follow now that they have a signed contract in place. Also, don't forget that in around 5 - 6 months time, (3 months preparation phase + 2- 3 months of operation) they will start getting the first sales revenue remitted of circa $0.8m per month, so that will also be available to fund the business as well.
What this deal also does, is demonstrate the inordinate amount time taken to get a deal finally over the line. It's nearly three years since the contract was initially signed, I hate to think how long it took to get to that point. As a result, a lot of the previously touted opportunities (and those not touted) which have been dismissed as dead in the water by many, become genuinely potential on-going opportunities again. Of course not all of them will convert to contracts, but a quick glance at the 3 Dec 2020 RNS which listed the then live deals shows that the number of opportunities is very significant, and conversion of just two, three or four of them could make a price target of 26p seem quite unambitious.
Surprised we didn’t see any after the results RNS Linton, I thought there was enough information in that to enable them to buy. Makes me wonder if there is something else close as well.
Https://x.com/ukindrc/status/1777702896684999156?s=46&t=CAEwjXUrNEoUAuQ87IkcvQ
Https://m.youtube.com/watch?si=K3YozNyvzj6R7XIv&v=k9leh0YhO4w&feature=youtu.be
Share price up, I’ve just given a thumbs up to one of Misty’s posts, clearly the world is going mad ! Happy days!!
.......and totally ignoring the fact that it is a totally different organisation and nothing to do with WSG.
You need to go to specsavers
A good and interesting spot Malcolm.
Nope Vander, still here, still invested :-) Like Aiming, frustrated that we're still waiting, but its Africa and nothing seems to move very fast there. I've another African investment and that has been the same, a small company trying to land large deals, struggling to get them over the line year after year, each of them dragging on and on, opportunities seeming to come and go, but now they've recently managed to finally get a very large deal that they have worked on for several years over the line in Nigeria and it looks like they are about to very shortly land an even bigger one in Angola. They should hopefully make the wait and frustration worth while. I still think WSG will be very similar, just hoping that we won't have to wait too much longer though.
More than 250,000 screened through the airport style scanners, sounds like a job well done.
"And…. “IF” DRC does start in Q4, will he require the capital costs again… " and that's where a Covid recovery loan will come in to play. So still no requirement for the placing you crave for.
Jimzi, you've obviously not been looking in here much over the last 9 months, because every day there are a bunch of posters that have been screaming that a placing is imminent. The comment re the overdraft is clearly pointing out that the facility does exist if needed and therefore for now, there is no such requirement for a placing.
Debtors are in line with December, which given that turnover is up, implies that they are being collected.
Threeputt, your assertion that debtors and creditors should be equal is not correct. Approximately 50% of the operating costs are staff costs, which are paid virtually as incurred, whereas the associated revenue always has a time lag to collection.
Yrabs, the last Arden report in April had forecast revenues of £14.3m and included nil revenue from DRC for 2022.
Question "Ask yourself who has actually been providing the Iranian airport security in Iran for the last 4 or 5 years"
Answer - Almost certainly the same people that were providing it for many years before, using the same old outdated equipment that they have used for many years before that and who will continue to provide the security even if the JCPOA gets resurrected and WSG finally get the contract underway. WSG were never going to provide the security, ie all of the security staff as part of the contract. WSG were going to provide the kit, which is still in need of being updated, (in fact given the sanctions that have been in place and the inability to import spares, their kit is probably in even greater need of an overhaul than it was 4 - 5 years ago), training, monitoring and compliance reporting, all of which are still needed.
It is of course a big if as to whether the US and the Iranians can come to an agreement, but if they do, then the WSG contract will be very much back on the table.