Member Info for yrabsmurruc

Well said Bigears……Pete is supposed to be a CEO with great knowledge of how Africa operates, and due to his charitable foundation a well respected salesman 😳. Yet …. over the last 10 years he has taken tens of millions in investors cash and squandered it on half baked and ill thought out business strategies. Opportunities slipped through his fingers (mainly Covid)…. and now he relies on another old age pensioner ( grandpa Pantheon) to fund his wild experiments. Fortunately, once the airlines and authorities in Africa ratify that the passenger fee will be abolished, it will be all over for Pete. I think that day is closer than we think. The SP has not recovered since Pete’s panicked RNS the other week…. Says a lot. Bye bye Pete. B

Another good volume day. B

And the SP keeps sliding, so I think the market is on the side “ not being paid”…..B

Brings back memories of the photo of Pete and Lord Bunty next to the vending machine at their local shopping centre in Bumbly….. now how many of those did they sell post family photo…. Happy for it to be rounded up …. or down…..B

I think the 1.52s are all buys. B

😂. 0.5p inbound. More peeps leaving the building everyday. Soon there will just be Reece waiting for his 0.5p entry price ….. hope you sold your 1.05p ones whilst you could make a profit. Soon be back to the last placing price of 1.2p. Hope mr pantheon has his big pants on…..he’s going to need them as his multiple purchases to keep Pete in cakes must be at a loss now when averaged out. B

A simple question….Does Pete and his Board undertake Risk management prior to (and post) contract award?.

Pete used to proudly boast that his significant experience dealing with Africa made him superior to others when getting deals done with this part of the world😳. I think history sees it differently with SL reduced to a menial sub contractor, Tema in the bin, Liberia in the bin and Gabon on a knife edge.

So are these foreseeable risks that should be managed and mitigated… that’s what good business does…. Evidently Pete does not and walks straight in to disaster for both his company and his shareholders. B

As Pete likes to quickly quash rumours that press downwards on the sp, and did try (without success) to wave his “enshrined in law” wrapper in the air to quash the N7 fiasco, he should further comfort us by confirming that non of the fee has been held back by the airlines, and Wsg are in fact being paid. It would be criminal to wait for the mid year numbers and allow him to spin the truth. Something we know he has enshrined in his own law. B

Thanks Vander…. We will be back there soon ( post dilution), so will in fact be in a worse place. Pete is going backwards here with every deal made unraveling. B

All the positivity that Pete tried so hard to create has gone. Reece may find “ the triple” he waxed lyrical about was no more than hot air. We are back to the average (1.6p) for the year… so no premium for Gabon or the added £2m in sales. So why has it all dribbled away?…. Simple. The reality has caught up with Pete “the emperor “…. He is totally starkers🤮🤮. B

Aiming….. the problem is that the good news hides the bad news….A strategy Pete uses to lure in investors to keep him and his family in luxury….

Think about it….

The ferry business…🥳. He hid the fact he had no idea ihow to operate a ferry business😂😂

Iran…. He hid the location ( to get share price up and a funding cycle)…. Then admitted it was Iran after Trump pulled the rug….

Tema..good news, but he hid the low fee and in fighting

DRC… good news, but he hid the difficulty in getting the sign off

Liberia… good news but he hid the corruption charges against their main contractor owner

Gabon…. Good news but he hid the authority concern over the anchor the charge is having on tourism and ticket prices.

Pete only tells half truths… he is a serial liar and just wants the ceremony, awards and shoulder rubbing with government s….. you complain there is no balance…. There is only balance if Pete becomes genuine… he never will and I have been consistent in my loathing of him for over 7 years…. But I base my emotion on the facts… and the facts are simple. He has taken £50m off investors and delivered nothing in return. B

It’s interesting that non of the cheerleaders of Pete have come to defend the 30% reduction in sp over the last few days. Pete sent out a mayday flare and no one has come to his rescue. Is everyone in agreement that Pete’s fee strategy has hit resistance and likely to be killed. Where does this leave Westminster in future deals?. This was the core strategy and payment mechanism… unfortunately it looks like Africa cannot and will not pay it. B

Who thinks the last RNS attempting to quash the rumour that his Gabon fee policy is about to be killed worked?…😂. I would hope he has a plan B. Does the ANAC view impact on all future AFrica deals?…. It looks like the bolting on of security fees to a ticket as a payment mechanism is dead…. Or is it?……B

I wonder what will be said in the upcoming “future statements “ that will direct airlines to pay up ….. or not😳.

I am sure Pete will be hugging his statute document that states his fee is enshrined in law…unfortunately if Gabon see that the fee is holding back travel and country prosperity…. His statute document will head for the shredder.. I would be looking at your contract Pete to see if any compensation is due if Gabon terminate the fee….knowing that you historically never do anything to protect the company, like Liberia and DRC… you will just stop reporting on it and hope no one notices. B

Misty, a better question would be “is Westminster being paid or are the fees being held back?” It would be very poor indeed if Pete was going to wait until the half yearly point to mention it. After all, the whole years mega revenue and profitability was based on Gabon and DRC revenue…. It looks like neither will fall in to the near empty coffers. Mr Pantheon might need to go over 30% if he bails Pete out again. B

Last week news

Gabon's National Agency for Civil Aviation (ANAC) has officially requested that "the High Authorities" suspend the N7 passenger security fee, which has been charged by airport security group Westminster since June. "Airlines have been advised not to pay the corresponding invoices and to comply with the directives that will be specified in the upcoming official statement," ANAC said on its website.

The ANAC's request, revealed during a recent meeting with representatives of the Airline Operators Committee (AOC), is part of a broader effort to revise the national air transport sector's fee structure. The move follows a recent report by the African Airlines Association (AFRAA) that ranked Gabon as one of the top 10 African countries with the highest airline taxes. The country levies up to $297.9 on international passenger tickets.

Local media reports say the tax increases were also the subject of a letter from the International Air Transport Association (IATA) to the Ministry of Transport, which reportedly expressed concern over tax policies deemed non-compliant with International Civil Aviation Organization (ICAO) recommendations.

Airlines generally pass these taxes directly on to travelers, leading to higher ticket prices in Africa than elsewhere in the world, according to industry bodies. AFRAA says airport taxes and fees can represent up to 40% of the ticket price in some African countries.

According to experts, these charges also affect airlines' profitability and limit their investment and expansion opportunities. IATA noted that "of the $32.4 billion in net profit generated by the entire global airline industry in 2024, a margin of 3.4%, Africa accounts for only $200 million, or less than 0.6%."

Furthermore, aviation industry bodies have identified Africa's tax policies as one of the obstacles to the effective implementation of the Single African Air Transport Market (SAATM), which advocates for an "open" African sky by removing market access restrictions.

Not looking rosy is it Pete?….B

Not looking good is it?

Liberia contract…. Government in dispute with the prime contractor over alleged corruption in the procurement process. (Wsg the sub contractor). Nothing from Pete as it would be embarrassing.

DRC contractor. All gone quiet as we enter year 5 since award without a single penny of revenue.

Tema. Not a peep. Means it’s dead

Another MSC this year?….. Pete says this every autumn.

Gabon. The law will be changed and it’s game over for the revenue predictions. In fact is the contract viable?

Pete needs to change his business model. Pantheon will want a new captain.

B

Oops😭laws can be changed…. B

Pete and his get out of jail RNS are ridiculous. Hiding behind the fee being wrapped in law… nah nah nah nah na…. Nope… does he not know that laws can be chosen. B

Sorry IanB… if the “trigger” was of no consequence then the sp would be back in the 2s…it’s not so I propose there has been an 18% consequence thus far…. B