Member Info for Only1Gibbo

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.

I noticed that today too MTP, but a quick check on Flightboard showed half a dozen arrivals and departures, so I think it is just a glitch on updating the webpage. Think it did that once before a while back.

How do I know? Simple, I got up off my backside and attended it.

I understand the frustration Geentee, but not sure how you can say "he cannot have a meaningful AGM" when he held a meaningful AGM earlier. There was plenty of opportunity to ask questions and get answers to any concerns shareholders had.

Also not to forget , the government has a COVID recovery loan scheme, which I am sure we would be able to participate in if required. Current applications can secure £2m of funding.

The facilities are secured over the property at Banbury, which given its location and size I suspect will be worth a lot more than a couple of hundred thousand. www.themovemarket.com values it at £1.298m, so I suspect there is a lot of headroom with the Cyldesdale facilities.

Shaml, I think you are forgetting they have substantial overdraft facilities that they can call on, none of which had been drawn on at the year end.

I’d make it at least three more

"just giving a comparator about how procurement in Africa is at least 3 times longer than some other continents…. Proving the point as to why not many sensible companies touch it…"

Really doesn't say much for you then Yrabs given that you've decided to invest in a company that mainly invests in... checks notes...Africa.