Member Info for yrabsmurruc

sorry O1G....... dont agree..... Pete has NEVER [as far as I can remember] told the market that there was a monster tech contract around the corner.... he eluded to "something brewing" by issuing a very large EOY forecast at the Aug presentation. therefore he had no regulatory reason "to oblige" us with a RNS to counter any previous RNS about an expected Tech contract...... Pete had a multitude of reasons to issue that TU, most notably to set lower expectations about DRC and the delays.. he could have waited until xmas to give a TU and fill it full of jam as per usual, but he set himself up to fail by once again over promising... but I also suspect he needed to send a flare up to say he is running out of money.........

I thought we were getting off lightly in the general market sell off.... but alas, not....... I may get a sub £10 top up at this rate.....B

pointless..... how much, what duration.......seems strange that Pete never tells us contract values when he announces contract wins........ it is meaningless in value sense as it was not RNS,d...... and would Pete issue a revenue warning [no point in a profit warning as we never make any].....if there was another monster contract round the corner.... I think we have had all the news now.... except of course if he needs another round of drinks paid for..........B

Aiming..... I have long kept my SVS shares in here as a tribute to Pete and a way of showing the world how Pete and his bag of magic can turn £30K in to £5K whilst at the same time winning awards for his business acumen...I think he should be up for some economics nobel prize.... he will soon dream up a multi layered mezzanine spiral loan facility that allows him to draw down millions of pounds, turn a handle and spew confetti all over his shareholders.......you know, just like he did in 2019 and 2020..... but this will be a better machine..... and then he will realise that he doesnt know how it works and will then issue a massive placing at 1p for 500M shares and pay it all off and start again......... We will have a Bn shares in circ..... and be valued at £10M.... its in the Tea Leaves..... I wonder if we have had all the monthly payments for the Ferry yet... will pay towards the xmas biscuits..........lol.........B

sham..... not sure of your maths ....forecast revenue for H2 was £12M and new forecast is about £3M so a 75% slash for the half or if full year was to be £15.7M and now will be £6M, so about a 60% cut.... and as you said with a fixed cost for admin of £5M...... this is turning in to a farce........ so much for TEMA and SL paying their way, more like just paying to keep the lights on.

When Pete asked for £2.5M in June, he must have been assuming some of the recurring H2 revenue would be enough to keep the lights on..... and that revenue for DRC and Liberia would start to buffer other costs.... this has not happened and so without any other meaningful revenue coming in, how will he pay for the additional surveys etc he will need to do for the alleged additional scope.... Poorer countries only like the wsg model because there are no upfront costs and they pay back through the future fees..... wsg pockets are not deep enough, so shareholders pick up the tab...., and currently we dont seem to be seeing any payback...... just dilution and share price destruction...... and for all of that Pete gets a Queens award and a Top 100 award from Business....... gawd help us all......if thats how you measure success.......B

I think this is a slower burn then thought. Was expecting a quick run back to 14,15 but I think the 10% crew not finished just yet. But this moves very quickly and I expect 2022 will be a good year….B

Totally agree... nice one for 22/23 this one.....B

yes.....as night follows day.......so, a wsg cost is a shareholder cost.....and as wsg are still not in a position to pay upfront costs out of their own resources [and after just getting themselves out of debt, I would be amazed if they took out a wonga]..... this will remain so for most of 2022 as well I expect because I now do not expect DRC to start until late next year if there is more scoping to be done.... Still dont understand why they just didnt start with existing scope to get the contract going and then amend as they go.... quite clearly the existing contract is now fundamentally flawed as it for one doesnt contain the new partner and new scope and how roles will be split and how the revenues will be split....... so..... exactly when will that all be sorted.... and until it does... then we continue to rely on Tema and SL to keep the lights on.... oh, and pay the Fowlers their xmas bonus..... I am sure after all those awards they deserve one......B

It might be bigger in terms of airports and ports….what is key is the business relationship and how the fee is apportioned. We all saw what happened at tema and this is starting to look very much like that. What we need is for Pete to be very clear on this and Not do a tema where we actually still don’t know what we make apart from very little. Also I am worried that more airports and ports will require more setting up costs at wsg expense….ok if we had recurring revenue to pay for it, but we don’t so guess what…..B

last one Aiming...... "lead to believe"............ who might that have been that told you cash was fine?....... and do you honestly believe anything that comes out of Fowlers mouth anymore........B

I do tend to agree with you Aiming...... however WSG seem to be unable to deliver on the booms... but keep asking for placings to stop the bust........ I do concede that my stance in the summer was bullish based upon a single premise....."how can Pete fook this up". Because he quite clearly stated he had won 2 big contracts and both would start in september and he shrugged the ratification off as "mere formality"... and even went further by putting troops on the ground in advance of that said formality......... the placing was cheered because it really did look like they were start up costs and start up was 90 days away.......... well the rest is history and with all the turmoil going on in DRC..........it really is on a knife edge as to whether whatever Pete signed in June will look anything like whatever gets agreed and ratified....... and as of now, we know its just as "near" as it was in August........B

win..... the only hopes are "Bob and no" I am afraid. Pete declared he was still optimistic of £15M in August.....and here we are some 2/3 months later and he has conceded that the revenues for H2 will be similar to H1 [£3M]... that means that in August [2 months in to H2] he had still not seen any rise in revenues to justify what he was telling us [and Arden]. So, why was he remaining bullish when all metrics were pointing to a miserable second half..... I suggest he has to remain upbeat to keep his 5.7p placees happy, after all he would have to have convinced them that the £15M was possible..... so..... once again another example of Pete doing whatever is necessary to get a placing away, then go in to victim mode to set up for the next fund raise... of course he will sugar coat it..... expanded scope, CAR contract around the corner... blah blah blah as Greta would say........B

and there we have it.. 3.83p....... who would have thought it [yes, I know you did Aiming 21!]........ but, that some heavy landing from 6p plus in the summer......so we are now below both the Dec20 and June placings, yet the number of shares in circ has doubled..... couldnt make it up.....B

still shaking out a few here..... those £9.50 -£10.50 buyers will be out soon I expect.... time to pick up a few more on the dip.....B

this share is fascinating.... how it can add £1M to the market cap on a couple of purchases totalling £8K is beyond me.......B

steve, couple of things from me.... We do not have to talk wsg down. Pete by his actions does that for us..... There is a startling gap between the rhetoric and the reality...... Vander is a case in point. There appears to be substantial spin on Pete suggesting the partnership with the African Union is a good thing..... perhaps it is, but perhaps it is a sign that WSG will not be in charge of Airport/Port security but a sub contractor. Yes, the scope may go up.... but having a smaller slice of a bigger pie is likely to mean less profit. As suggested yesterday this seems to be looking like the TEMA model.... and as we all know, that didnt leave WSG with a lions share of the fee..... This is one example of Pete jumping the gun on the announcement in June when quite clearly the environment was ever changing.... I think he did this to get a placing away on hype.... he needed the cash. That £2.5M has been burning since July.... he appears to not have much else income, so the view that a xmas placing is on the way is well founded... based upon history. B

Oh no… woodys is Peter F…scared emoji face. B

woodys... you sure your ok hun?....... and do you mean you have had 20 bulmers today?........B

sells outweighing buys today...... profit taking for the week I expect. looks like snakes and ladders this one... with only a 10% free float one can understand why it moves up and down in very large steps....... and probably wont stabilise until after the review in mid December is announced......B

Foxy..... yep that is true....... This was not really a Trading update today.... it was to: a) quash any fancy thoughts of a profit this year b} quash any fancy thoughts that DRC would start this year c) confirm that this year will be a stinker d) dangle a carrot that the expansion of scope would mitigate a,b & c and finally e) to send a flare up that a placing is coming........B