Member Info for Only1Gibbo

On the sidelines of the opening ceremony of the First Meeting of the Africa-Indian Ocean Group on Civil Aviation System Planning and Implementation (AASPG/1), Gabon was awarded the Certificate of Recognition from the Chairman of the Council of the International Civil Aviation Organization (ICAO) for its remarkable progress in aviation security.

The certificate was presented by Mr. Romain EKOTO, ICAO Regional Director for West and Central Africa, to Mr. Ulrich MANFOUMBI MANFOUMBI, Minister of State, Gabonese Minister of Transport, Merchant Marine and Logistics, during a symbolic moment. Through this distinction, ICAO recognizes the significant progress made by Gabon in the effective implementation of safety standards and recommended practices (SARPs) through its national oversight system.

This recognition follows the USAP-CMA audit mission, conducted from 21 to 31 July 2025, which assessed the national civil aviation security system. The results, which were considered more than satisfactory, highlighted a significant improvement in Gabon's level of compliance with international requirements.

Ordinarily awarded at ICAO headquarters in Montreal, this certificate was exceptionally awarded in Libreville, as a sign of appreciation for the progress made by the country in the establishment of an effective aviation security oversight system and for its continued commitment to the application of ICAO standards and recommended practices.

This distinction illustrates the sustained efforts of the highest Gabonese authorities to strengthen cooperation with ICAO, improve the performance of the civil aviation sector and confirm Gabon's credibility as a committed player that complies with international standards.

https://anacgabon.org/aaspg1-loaci-decerne-un-certificat-de-reconnaissance-au-gabon-pour-ses-progres-en-matiere-de-surete-de-laviation/

A good find from Dr Maccers

“Gabon has achieved a remarkable improvement in its aviation security performance, scoring 78.77% in the latest International Civil Aviation Organization Universal Security Audit Programme (USAP-CMA). The results reflect the country’s sustained efforts under ANAC Gabon and its government to strengthen oversight, training, and compliance with ICAO’s global standards — marking one of the most significant progressions in Central Africa.”

https://www.linkedin.com/posts/romuald-ngueyap-0632a1a8_goodabrtoabrknow-africanaviation-gabon-activity-7387413767187505152-Cfki?utm_source=share&utm_medium=member_ios&rcm=ACoAAAzmvacBsQLUwVePGYZEC6F-WORc34OeNwA

Are you sure that’s right Mike? We should have one months revenue, but it’ll be the cash for it that probably won’t flow until Aug/Sept.

In any case, you won’t be able to tell if it is in the 25 results or not as it won’t be separately disclosed - whether by geographic or business, in the segmental reporting it will be in with SL and other revenues. It will only be next year when there is a full year results that you will be able to see for certain that it is there by the clear increase in the numbers.

Of course, it is always possible that we could get a trading update at some point stating whether we are trading in Gabon in line with expectations or otherwise.

Oh dear, that’s quite funny you telling me to get a life when you spend all day commenting on share that you don’t own.

Yrabs, as you are the only one on here using emojis then of course you will concur with yourself, sorry, I mean with Bigears. If you are going to have a conversation with yourself you really need to try harder to make it less obvious.

New FY starts 1 July Ian. We'll have 1 month of Gabon in the 24/25 results.

Yes, RNS on 11 November. Did you miss it?

Clearly a suggestion Misty, but he’ll need a 75% majority to achieve that won’t he? - that’s quite a high hurdle with a mainly retail shareholder base imo. I can’t see many retail investors agreeing to go down that route.

Dr - Anime works for the Tunisian Civil Aviation and Airports Authority. Currently Director of the Security Affairs Unit, before that Head Of Civil Aviation Security Department. He is also an AVSEC Instructor. "In November 2019, Euro Ops entered into a strategic alliance with the Tunisian Academy for Civil Aviation Safety and Security Training ('AFSAC'). From its impressive training centre in Tunisia, AFSAC provides certified aviation security training workshops on behalf of the International Civil Aviation Organization ('ICAO') and is an AACO approved training centre."

You’re probably right threeputt, it’s Africa and nothing ever seems to happen fast there, but I don’t see a few days or weeks delay an issue if we don’t start in time. It’s a 10 year deal and significant revs will flow when it starts. Then in due time we will hopefully get involved with the domestic airports as well as cargo screening. That’ll all be well worth the wait.

Not holding WSG? Worried that you might miss out on untold riches? Get them at a bargain price while you can, don’t be like Dave.

Another insightful post from David, the second in three days, he’s certainly on a roll, just how does he do it? Thanks Dave, I’ll make sure I sell first thing tomorrow morning.

Presumably the 85 is your age in months?

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.