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Still downward pressure…. Doesn’t suggest they got a good deal from summa…..B
Is that your. 2m plus Aiming?… waiting for someone to say it’s a buy or a rollover… lol…. B
One thing I hope we all agree on from history is that Pete ALWAYS shoots early. So whether it’s Ferries, IRAN or Tema, or DRC and Liberia, if there is a sniff of Wsg looking good, he communicates and drowns in his own excitement of zillions in revenue… even if that proves to be slightly less than truth… it helps get the placement away ( for pre contract expenses of course)…. so for Freetown expansion, he has done the opposite… he mentions it in passing… and provides the bare minimum in information… so “ we welcome. Blah blah blah…”…. not a mention on likely future revenues coming his way, even though he has acknowledged that footfall could increase to a massive 1m a year…..so is it not incredibly obvious that he has NOT been able to wild **** guess revenue predictions because he is now a sub contractor to big boys who are very much in control of what Pete can and cannot say…. He is a toddler versus a grown up …. And it shows that until Summa have decided how much of the pie they are willing to give Pete, he is silent… welcome to the real world Pete, and I look forward to the next RNS, because I think it’s going to be a make or break for both Pete and Wsg… this pig needs some lipstick. B
Oman… forget those… if they haven’t happened nearly 2 years after the contracts were signed, then they ain’t going to happen. If you look at every contract that Pete said was signed but depended on the client completing a process to be enacted, you will unfortunately find that none have ever been implemented and made a penny.. the odd thing is that they all have been underpinned by a placement, so what happened to the money?… as someone said earlier, this is a Fowler Ponzi scheme. B
and Opto… does it make sense that on the day Pete announces the terminal open and a possible 1m per annum footfall… the share price goes down…. Oops. B
Nice one opto1… I hope you didn’t recommend this dog to your friend…might be friendless soon….
Pete celebrates success in different ways to shareholders… he thinks a profit less business with buckets of near misses deserves applause…do you?…B
The other day someone on here got all excited because there was 5 buys … well today there are 5 sells… shall we get less excited… now one would expect this to go up now Freetown expansion has opened… but this is doing the opposite… wonder why the market doesn’t see the good news that Pete wants us to see….B
As I keep saying… why has Pete not danced on podcast that he has potentially secured multiple more revenue from the airport expansion…. It doesn’t make sense ( when compared to Tema shouting)…. What is the bad news that will follow?….B
At least Pete can’t blame “pesky traders” for the share price… volume is bordering on zero for months……B
Win, I am interested… I have messaged Pete at least 5 times.. and Tommy Cooper… so I think it’s Pete who’s not interested not shareholder’s.. but we are the last people he worries about… just a family of pigs in the trough. B
It is quite astonishing that he can go 5 months without a single update on the business.
He said nearly 5 months ago that 3 material contracts would progress to either award or ratification by EOY 2022….. no update
We know the new terminal has opened under new management. We don’t know the deal between Summa and WSG….it’s his flagship MSC… we deserve to know… cannot believe the NOMAD hasn’t shaken his cage
Pete said he was going to walk away from Tema… well has he?
I suspect bad news needs to be masked by good news… and he will hang on until it does… or, as Bear says.. April when he has to provide an update with the 2022 finals…
Pete should get a new award.. just need to decide what to call it…. Thoughts?
B
True…. 9 years is merely a few seconds in the world of Pete…. And as for the new contract… “ mere formality “…. should be along very soon….DRC only 2 years since the ratification process started, so at least a further 5 years to go before it can be considered “delayed”….. Pete says he has enough cash until the end of the year… well that’s only 9 months from now…. Get a wiggle on Pete….B
You are correct misty… just some internal juggling Pete said… B
So …. No news since the TU on the 1st Nov 2022. We have had belated acknowledgment that SUMMA now run the operation ( no news) and we have been told that an aspiring Member of parliament has offered to act as an agent in Ghana (not news worthy)…
What we don’t know is;
1) what happened to the 3 contracts that were close to completion by 31st dec 2022?
2) what’s the deal with Summa?
3) what happened to KSA deals that were so close?
Not a contract, not a whisper for nearly 5 months….
If you look through all the RNS since dot… there has not been a longer vacuum of news….
Why?
B
I wonder who the other 189 countries are that buy Westminster products…. I mean if they are as global as Pete says.. that till must never stop ringing… now let’s look at the contract news over the last 5 months….. mmmmm, cannot find anything apart from a tube of toothpaste last October….. oh dear Pete, may need to change global to “village”….. B
Pete says
“Having already undertaken and successfully completed high profile security projects in Ghana with the LASS team”
I cannot find any in the contracts page of Westminster group… can someone point me to at least one of the high profile Ghana projects Pete has delivered… with LASS support… I am sure there is one… Pete wouldn’t make it up. B
https://mobile.ghanaweb.com/reporter/post/NDC-Parliamentary-Aspirant-in-Kintampo-North-Promises-One-million-cedis-Fund-Project-for-Farmers-in-his-constituency-65489
Looked the ceo up on LinkedIn…. Wants to be an MP and seems to be an “entrepreneur “.. and fingers in many pies. Cannot find anything in his CV that says he is an expert in security… more like he has a large contact book… Pete really scraping the barrel here….B
Thanks Jaytee… so why does Pete need to expand into Ghana….maybe WSG will have lots of spare capacity once Tema is handed back… I thought the aim was to win contracts not grow the number of agents who won’t win you anything either…. Global company apparently.. and with a £5m market cap….not sure those two things add up to “world leading” pete…. B
Yes a total genius Reece.. I too bought all my holding at 1.001p and have managed to top slice every time the sp jumped above 2p… I have made hundreds of thousands that way and now hold a free carry of just under 100m shares…..B
Reece…. Depends what “ delivered a £500m order “ meant… I have seen a number of headlines from Pete over the years containing huge numbers ( ferries anyone)… and even contracts signed (drc)…. But none of them actually ever get implemented…. I think you will find that is where most of the scepticism comes from….
I still struggle to understand how Wsg are not forced to respond to how they now operate at Freetown under new commercial ownership…. It is their flagship (only) MSC that keeps them propped up… yet not a dicky bird on the fee structure….. why?….B