Member Info for Only1Gibbo

PF has about 5m shares, many of his family are employed there, so I'd say he has quite a lot.

As it is Iran I would expect the contract margins to be a lot higher than if it were Oman. Of course we are still left with the issue of whether we will have a contract or not, but assuming we do get it resolved, then we could be looking at an absolute blinder of a contract.

Skindle I think you're absolutely right, this operation most certainly won't be operating in its current form in twelve months time. We'll be generating at least a five fold increase in turnover, very profitable with strong cash generation and several of the on-going projects converted into contracts. A totally different animal. I'm certainly not expecting a doubling of the share price, I doubt if many of the others are too. From where we are now I'd say it will be more like quadrupling it just for starters. Those that have done their research well will know what is coming here very shortly.

That is a good possibility Etin. TBH I thought that had already happened, obviously not! Great article for the other info in it too Muscat airport is targeting 14 per cent increase in passenger traffic to 16 million this year compared to 14 million travellers in 2017 In other regional airports, Mr Al Hosni expects passenger traffic at Salalah airport to reach close to two million travellers in 2018, up from 1.5 million last year. Duqm airport, in the south-east, is expected to open within six months at most with a capacity of 500,000 annual passengers All excellent news for WSG when that RNS arrives.

It is the ninth time Ebola has been recorded in the DRC, whose eastern Ebola river gave the deadly virus its name when it was discovered there in the 1970s. The latest incidence of the disease comes less than a year after the central African country’s last outbreak, in which eight people were infected of whom four died. .....Congo’s vast, remote geography gives it an advantage, as outbreaks are often localized and relatively easy to isolate. https://www.reuters.com/article/us-health-ebola-congo/democratic-republic-of-congo-confirms-two-ebola-cases-10-more-cases-suspected-idUSKBN1I91VS

Snowman, I suspect too that we are very close to the big RNS

And also on http://uk.advfn.com/stock-market/london/westminster-WSG/share-news/Westminster-Wins-Aviation-Security-Contract-Coveri/70058715

http://www.morningstar.co.uk/uk/news/AN_1453278294900283300/westminster-wins-aviation-security-contract-covering-seven-airports.aspx This is where I picked 7 up from

This predates my time here. I knew of this MOU but didn't realise it covered 7 international airports. Whilst all of the main focus has been on the ME contract, this could also be quite significant if it covers that many locations. Any ideas where it might be?

Fair points Mike, but the reality is that none of that information is priced in, so despite all of that information being out there it will all be down to the actual signature. If the market doesn't believe it is going to happen, then confirmation that it will, is highly price sensitive.

Yes he can. The reason he might do so is that the information is highly price sensitive and there is always the risk of the information leaking to the market during the intervening period before the contract is actually signed. To avoid this he could request a suspension until after the contract has been signed, with the suspension being lifted immediately after the contract RNS. It would also have the added benefit of being an announcement of an announcement, i.e. A bit of PR on the forthcoming RNS making sure all eyes are on it

I wonder if PF will request a suspension of trading pending an imminent announcement once he gets confirmation that the internal process has been signed off?

Feeks - two ways 1. For tweets, tap the blue "translate from Arabic" text in the tweet, it'll produce it in English below. 2. Anything else, copy and paste into google translate.

Are you Eskers in disguise? A great bit of research H&N. That really does sound like it could be the internal process that we are waiting for. It would certainly explain why we have been waiting since the end of March. If it is, then it is game on from now, the call could come any day for PF to jump on a plane to sign the contract. I think there may be quite a few that have sold in the last few days that will end up getting caught out and regretting their decision not to sit tight.

On the contrary JH, I think PF knows exactly when the ME contract will be signed.

I think these were the jobs for which a link was posted a few weeks ago. Interestingly this refers to the vacancies being new roles starting in May. https://jobszilla.info/detail-job/7733b578fec0600b/job-vacancies-professional-security-guard-westminster-security-solutions-nigeria-limited-abuja.60cef87

Oh and great to have third party confirmation of negotiations on a contract WSG hasn't mentioned yet. Just adds to the credibility of the one they have been talking about IMO

DHC, judging by the date of the newspaper clipping in the article above it, I'd say it was a brand new 2018 MOU. Eskers, superb find.

Absolutely not doom and gloom, far from it IMO Tosh. I just posted this over on the other board in response to the posters there. The final paragraph might hopefully give you some additional comfort. "I don't think they would have too much difficulty raising the cash even via equity (although that would obviously be at a discount to the market price), I just don't think that is the route they will go. Whilst I am sure that the CLN holders will want to renegotiate terms that are more favourable to them, you are ignoring the bargaining chip held by the Company. I could equally argue WSG could provide evidence of the progress / status of the ME contract. At which point it could ask them if they want the cash now or roll over with a conversion price of say 40p. If the evidence is there to support it, I am sure the holders would accept such terms. In reality, I suspect that any such roll over will maintain the status quo with merely the maturity date changing. It might also be worth noting that there is precedent for extending the term of the CLNs. These very CLNs, issued 19 June 2013, were themselves originally due for settlement on 19 June 2016. They were extended to 19 June 2018 on 22 April 2015."

Slipperz, the terms of the CLNs which have a maturity date of 19 June are: - "Company can force conversion if the share price is > 65p for 15 working days after 19 June 2016. Company can make repayment without penalty if the share price is > 42p for 15 working days after 19 June 2016." If the holders haven't converted before then (unlikely if the share price remains low) then the CLNs will mature and will need to be settled. That however, does not necessarily mean that they will need to be cash settled. It is quite possible, in fact I would venture quite probable, that the CLNs will be rolled over / extended for a further period of time. By doing so, the holders of the CLNs would maintain their conversion option, with the potential SP gains when the contract is announced, whilst earning a healthy (currently 10%) return pa, and also having a fixed and floating charge over the assets of the company as security. Given that the company has no other debt, I suspect it will not find that a difficult task to achieve.