RE: Shares26 Jun 2020 15:02
It's times like this we should be glad Foxy is not around, he'd have a field day with a question like that :-)
As an investor I guess you have done some due diligence. Reading past RNSs you will discover there have been a few MSCs in recent years that have been 'promised' and are yet to land. Notably Iranian airport scuppered by sanctions and African airport deal that is apparently also still live and awaiting some 'restructuring' for want of a better term before commencement.
FWIW, I am in agreement that SP should be higher, as there is far more going on now with Covid related business going great guns and real prospect of some good business being closed in Saudi before too long. As I'm sure you know, they appear to be at an inflection point and should not now have the need to raise to keep the lights on and with revenues up again this year, including 'fast cash' with tech sales the cash position is comfortable. With Tema volumes touted to possibly double by year end, record revenues are nailed on again in the coming year. The cherry on the cake to kick this to the next level would be a juicy new MSC, which PF seems confident (as always) is not too far away. Patience will be rewarded I'm sure and as Aiming' noted recently, at least WSG are not a dodgy RNS away from disaster a la INTU