Member Info for win4call

Trades reported around this time - 5 to 10 minutes after 5pm - are generally spreadbet related. I’ve spent this on a number of other shares, don’t know the full details as to whether it is the aggregate positions taken during the day.

I assume it’s a bit like the NT uncrossing trade usually reported 5 minutes after market close. Often not needed but shows up particularly on busy days.

A number of cancellations today as well to make it more confusing. A bit of market fun and games or is there something behind this ? Always found WSG to be water tight from leaks but could be other reasons why some activity has been triggered.

HB - as you say Tema is not as big as PF alluded to, and that is my suspicion regarding Covid sales. We may well have sales all across the US but is that a couple of sales in each of the areas mentioned , or dozens ?

It is too often the case that shareholders are left to guesstimate rather than being given details - unless the details are worthwhile sharing. I hope the cumulative numbers for H2 will blow the doors off this but I suspect we’ll be left with half the story as usual.

As HB says, the individual sales in themselves are probably not worth announcing.

Personally, I don’t think the cumulative will be all that either. I expect it to be a bit like the Tema payments, Fooler will try to give the impression that it’s significant but won’t disclose numbers or details to be picked over and analysed.

Yrabs - to be fair , a month with no update is not that long. Clearly nothing to announce.

Given that previous updates and the investor webinar went down like a lead balloon maybe it’s better to say nothing.

I don’t see this back anywhere near nominal this side of Xmas unless there is a major contract announcement.

Let’s hope they’re actually managing to sell loads of it as well.

I doubt Fooler would’ve wanted to post SP comparison charts again even before the G4S takeover announcement this morning,

HB - i’m guessing you’re more of a glass half full person.

I would query some of this but particularly don’t see the below point as a positive :

No need for any raise as have the cash and remainder of mezzanine (or whatever it's called) if we need it.

A raise is issuing shares for cash. When we took the 1.5 million originally from the mezzanine, we issued 14 million shares to get the proceeds to repay this on the plan that we’d use the cash to pay down the CULNs. Not only have we not paid down the CULNs but the amount we’re getting in instalments for the 14 million shares is well short of the amount required to repay the mezzanine amount.

If we drawdown on the mezzanine again then it would be pretty certain that would be on the basis of issuing more shares in a convoluted payment by instalments plan.

At some point in the near future, cash will be needed. Whether it’s to repay the CULNS, meet the loan repayments or to hopefully get one of the opportunities over the line, it is pretty certain. With the SP firmly stuck sub-nominal the options are limited and the clock is ticking.

To get back to 25p , that would take the Market Cap to 40m. Given we currently sit at 11m my personal view is that we would need massively transformational news such as a couple of large managed services contracts. Given that Tema hasn’t transformed the SP remotely positively they will need to be seen by the market as genuinely step changing.

The company would also need to avoid anymore negative financing arrangements which kill sentiment - something I doubt that Hughes and Fooler can resist.

All in all - positive commentary from the board is meaningless in relation to the SP given the reputation of our BoD.

Not sure how many Rivers / YA still have. Nearly 4 months since they crossed the 3% reporting threshold but I don’t expect they’ll have shifts the 4.5 million they each held in mid May.

The agreement supposedly had limits and restrictions but I doubt they are onerous or enforced.

Could be a quiet month unless we get a surprise RNS - question is good surprise or bad next.

New month so another round of YA / Rivers selling to be expected. Nothing on the horizon for shareholders to get excited for so the usual stagnate downwards to be expected.

Company may be doing ok but a definite dog of a share.

Hogan and Zorbas back in the ramping saddle - just like to good ol’ days.

Except now most on AIM know what a pair of ****ks they are.

Lol - up 25% on 7 trades totalling less than 10k. Seriously, who buys this 5h1te.

True - but the CULNs were due in June this year and the financing plan announced in January that was specifically designed to facilitate the repayment of these.

They are now due in early May next year so and I would expect the BoD would want to have a plan ahead of time.

Jimzi - good to see you posting sporadically on here.

The problem with the gaping hole is how are they going to plug it. The market knows they are going to need funding again in the next 9 months after kicking the CULN can down the road. The money borrowed to pay that back is likely being used in part to plug the gap in the repayments for that loan as the shares based payments from Rivers / YA will be falling well short of the planned repayments,

All the news flow, whilst welcome enough, isn’t exciting the market to get this over nominal which leaves them in a pickle. I got no confidence from the Webinar that our CFO wouldn’t go down the route of either more ‘exotic’ equity based funding and shafting shareholders, or that the wouldn’t change nominal as was proposed a couple of years ago.

This company has relied up to now on frequent placing and lower end financing arrangements, and whilst it has generated a small but welcome profit , i fully believe they still need that option.

The problem is, with any update from the Fooler, there is nothing in there to get people thinking they should buy the stock and no real encouragement to hold for further gains. Everything is ‘steady’ at best with the same old lines trotted out about exciting prospects in the months and years ahead. The market has heard it all before from him and , like Peter crying wolf, nobody falls for it anymore.

Unless there’s a surprise MSC announcement there is little going on to entice the market to consider WSG as worth a punt, especially with so many other opportunities actually delivering.

As anticipated there was nothing to get excited about in these results but I did hope that we’d hold the 9’s given there wasn’t much of a pre-news pump to burst.

Instead it looks like this will drift back in to the 7s and with nothing on the horizon the YA / Riverfort selling may take it even lower.

Sadly, that’s the sort of line Fooler has included every year for at least the last 6 years.

Whilst skimming through the numbers I notice liabilities has risen significantly. Is that from the mezzanine loan facility and drawdown ?

I have an ongoing concern that we’re supposed to pay back the loan from the convoluted share price based payments with Riverfort/ YA and that these payments are falling way short of the amounts required. Is there anywhere in these accounts which shows what has been received by way of these payments up to 30th June ?

Or was it an attempt to pump the stock.

Ian - no disrespect but I think a third managed service contract won’t get this over 20p never mind 30-50p. It would have to be something massively out of our league to hit those stratospheric heights. TEMA was touted as a biggie and look at the reality on that and how the SP has reacted to the realisation of the true size there.