Member Info for yrabsmurruc

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

There may not be any current operations to apply resources to very soon. Tema is going and so might Freetown… nothing else is over the line… B

At least you tried Bolton…… I am sure when Pete leaves his cave the RNS that follows will be a corker… it will try and convince us that all is well and his strategy is working… the sp will spike back to tuppence and then will slip back as reality dawns….. happens year after year… B

I do email Pete often… he stopped replying years ago… that’s the problem with Pete, he cannot accept failure and the last time I pointed out his lack of success he wrote me a very long list of his “ achievements “… starting with…. ( drum roll)…. Iran!…. In his eyes it was a great achievement to have nearly won a big contract… now most might see the flaw in his logic…. But for those who “ nearly win” the lottery each week, you might empathise with his approach to success.

It goes to explain why he doesn’t deliver anything, because on his mind that bit doesn’t matter… so Iran, ferries, drc, Liberia are all successes and achievements…..

So… for those who believe you need to actually win contracts and deliver them and earn a profit… this stock might not be for you….B

10% down today…. Tick tock…… only 1.4p to go . B

You ok master b?

Sp keeps drifting down….A penny back in sight…..wonder if Pete making snowmen this morning….. needs something to keep him busy as we haven’t heard a peep about new contracts for getting on 5 months….. new terminal open in SL ( yippee)… but not a word from Pete…. Come on Pete.. wakey wakey…..B

Morning Aiming….waiting for an uninspiring RNS from Pete saying “ we note the new terminal is open”……

Many questions unanswered….

Is WSG now the single security provider for the new terminal and as a minimum up to 2027?
Is the contracted fee altered as Wsg move from supplier to the Airport Authority to a sub contractor to Summa?

I do not accept the “nothing has changed” line as quite clearly the commercial and contractual landscape is very different….Summa have 25 years to get their money back and will forensically go through costs to make sure they rinse every single penny back and as quickly as possible.. paying pete shed loads to click passengers in will not go by without scrutiny…. and renegotiation as a minimum….Pete has lost “prime” status.. he is now a very very small fish in SL…. He will not like it because rubbing shoulders with government is what gets him up in the morning. B

Link says new airport terminal is open.
https://airlinergs.com/sierra-leone-president-opens-new-terminal-at-freetown-airport/

5 times the passengers each month expected…so who gets the fee?

Pete might know…. Pete might say…. One day soon

B

The contractual position is clearly not straightforward. The Wsg contract is for the old terminal and not the new one. The government appear to be considering using the old terminal for military purposes suggesting ALL passengers will go through the new terminal. Unless Wsg can novate their contract to cover the expansion, then they are fooked. I hypothesise that Wsg and summa are discussing/ negotiating on how a contractual relationship can be formed and quite clearly summa hold the strongest hand. If Pete has learned from TEMA, then we won’t get another “lions share” approach to future revenue. He is silent because it’s not going his way… why else is he silent?…..if it was “a slam dunk” that he would automatically hoover up ALL passengers, we would have learned ages ago…. We haven’t, and if the airport opens next month, then I think we will find out in the next few weeks… I would be amazed if he does “ a Tema” and provide a service during negotiation… for those that can remember that far back… it was a very foggy period, and Pete working at risk or “ on account” as he put it…. What we do know is that he remained very opaque for as long as he could once we had sussed that the rhetoric and the reality where way off….. Pete is good at that……. B

We shall see UT…. If it was that straightforward… ie “nothing changes” as stated on the video, I am convinced Pete would have shouted from the rooftops by now as it would suggest more revenue from the additional footfall through the terminal…. Pete has not really said a word… so why is that… also the video suggested that the “nothing changes” is underpinned by a commercial relationship forming between summa and Wsg…. And currently ( no RNS)…. there isn’t one…. Quiet is never a good thing when Pete is involved.. as we learnt from the Tema episode, he was on every podcast going when he won that… I can never forget the “pasty Pete” moment from the female interviewer….. we shall know soon enough…..B

Pete probably doing the numbers on how he can get paid for each member of the military that passes through the old airport when the new one opens…. Still no sign of what role Wsg have in the new airport… interesting how this news confirms a complete split in likely roles of the 2 airports…. And if true, then no passengers will be going through the old airport… so can Pete argue that his contract to 2027 still counts…. Coz if it doesn’t, then both his MSCs are in the bin….B

I am sure the airport fully opens by Easter. This only gives Pete another month to “be encouraged “ by summa to consummate a commercial relationship… I can only hope that we find out from Pete the end result before either summa or the SL government tell us….tick tock…

Also, pete pronounced that he was likely to kill the TEMA contract “early 2023”….. so I expect that news soon also…. Could be some squeaky bum times ahead…..B