The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Well at least the tech contract is now moving.
Profit on these tech contracts is higher than other WSG works as I recall. Something in the order of 40% has been a mentioned a few times.
So whilst it won’t be the highest value contract, not unhelpful from a profit point of view. I’m sure the naysayers will be along shortly to make comment.
Been a long (and painful) time since we saw anything resembling positive news and progress here, which it why I locked these away, forgot about them and didn’t bother making comment. However, feels like a corner is being turned here now at last.
Current market cap is pitiful give the assets we have, but of course that reflects the fact that we haven’t produced and sold anything yet. However, that looks likely to begin changing soon, so I’ve turned my mind to what a realistic market cap might look like.
The annual take or pay volume has potential to drive the SP back to something more palatable, but I can’t help wondering what realistic now looks like. It certainly won’t be the highs we once saw. But with that kind of take or pay volume, it ought to be notably higher than 2p that’s for sure.
Anyone modelled it at all?
Just to change the topic a little, some positive indications here. Granted it’s not the update we are all awaiting, but does underline that business is ticking along nicely in Tema:
https://twitter.com/Eskers1/status/1449463288354508806?t=GjUzC1u5GAkH1H5g4JNWuA&s=19
He seemed overly defensive explaining that one and appeared a little frustrated that he was having to explain it
The building blocks for success and upward SP movement are all there now, but hampered as always by the last placing announcement.
Now it just needs a little nudge to move the SP meaningfully upwards for once. Another decent contract win - something from Saudi would go down well to prove that venture is valuable, or something else we didn’t know was on the boil.
If they can deliver something like that without another funding requirement, then we might at last start to see the SP recover and start to reflect true value.
Next year could and should start to look and feel quite different here. Let’s see what he has to say next week.
And a 3.3m trade at 6.2 - that’s a chunky one
Spot on. Clear indication that a placing is currently very unlikely
He may have made some intro’s, but due process will have been followed Vander.
Agreed not earth shattering in value, BUT:
1. Securing a deal at such an iconic venue is huge vote of confidence In the company
2. It will be a very important reference point in other contract negotiations
3. It’s another good chunky order for the tech team
So whilst I don’t think it will reface on this alone, it should restore a little confidence that the team are actively exploring lots of options and are clearly able to convey the necessary reassurance and competence needed with major entities.
All good as I see it. Right, Menzies next then please!!!!
Yep, nothing bad in there from my view.
Profit batter than expected. Profit margin overall at 40%.
And a little more detail on the Menzies trial. Seems the trial wasn’t just Air France, but included a number of airlines, which is very good news. Discussions appear ongoing, again good news, so could be a sizeable opportunity there alone.
So this is an intruguing tweet:
https://twitter.com/wg_plc/status/1290973481765613568?s=19
It infers we may have staff on the ground over there. New one to me if we do
Seems we have supplied the thermal screeners to schools in Canada, US, UK, Vietnam as well as Saudi
https://www.wsg-corporate.com/news/wg-520-thermal-screening-in-schools/
Some welcome tech news even if small, now let’s have the real Saudi news!
New tweet and something small in Saudi
https://twitter.com/wg_plc/status/1288789017585213440?s=19
Another tweet this morning, this time related to EuroOps:
https://twitter.com/wg_plc/status/1288355144439148544?s=19
Perhaps some of the questions at the webinar have prompted them to share a bit more info on activity. Wont be big money though as clearly not RNS worthy. But at least we have a sense of what EuroOps is doing.
As many have said already though, what we need to see to shift the SP, is an MSC, or preferably more than one. Thats where the year on year profit will be found.
I agree completely that an RNS can come at any time, and that the company is obliged to release once it has market sensitive news.
The point i was making, was to take issue with the suggestion by Bruce that inferred that ALL RNS's from the company have been intraday. Thats clearly not so, as the last 2 or 3 show. That was my only point.