Westminster Share Discussion Threads

[someuwin] 29/7/2016 11:11

...Then there's the other six airport security contracts under negotiation which could be of similar size.

[tidy 2] 29/7/2016 11:08

If £5m is considerably more than £30m I like your figures. Could be conservative so lots of scope.

[someuwin] 29/7/2016 11:02

Say £35m revenue.

25% margin = £8.75m profit per year.

x 10 PER = 87m mkt cap.

87m shares in issues. So share price of £1 per share.

[tidy 2] 29/7/2016 10:56

North of £30m, considerably. Few bags await here.

[luminoso] 29/7/2016 10:51

23.5p a tough nut to crack. Get through 24p and this should motor. Might need the signed contract to achieve that, but who knows.

[luminoso] 29/7/2016 10:49

Ah, yes. Significantly more !

[tidy 2] 29/7/2016 10:49

Contract discussions are now largely complete which has resulted in a substantial increase in both the scope and value of the contract and is now significantly greater than the estimated GBP30m pa previously reportedGot it cheers

[someuwin] 29/7/2016 10:48

Significantly more than £30m per year for more than 15 years.

(Should be good margins too)

[luminoso] 29/7/2016 10:48

£30m a year for 15 years plus, apparently.

[tidy 2] 29/7/2016 10:46

What's the deal worth suw?

[someuwin] 29/7/2016 10:38

I've followed this company for a long time (see the start date of this thread in the header).

And I've never known PF put such a specific date on a news update as he did predicting news on this ME airport by end of July.

That says to me that he was genuinly expecting to be able to get the contract signed this month. As the update says, they are urgently trying to get the last few issues resolved.

With Contract discussions virtualy complete the scope and value of the contract has significantly increased.

Obviously all parties are keen to finalise this deal so I will be amazed if it is not a done deal within August.

[bernieboy] 29/7/2016 10:21

Well it was pretty much priced to go bust after so many years of broken promises. Remains to be seen if it is finally different this time. But if it finally is then a massive rerating will happen. Happily in at 12.25 and will sit back and hold for big gains.....

[someuwin] 29/7/2016 10:14

Yup - this co has failed to deliver on its promise for years.

But I genuinely believe we are now on the cusp of lift off.

[luminoso] 29/7/2016 10:11

I've had a dabble. Going well here, though !

[someuwin] 29/7/2016 10:04

Yeah - I was aware of that one luminoso - it didn't immediately grab me.

[luminoso] 29/7/2016 09:45

O/T Have you looked at CPT, someuwin ? Another Adam Reynolds reverse takeover recently floated.

[someuwin] 29/7/2016 09:10

It's a binary bet here.

Forget the ferries. Forget SL airport. (Although both of these seem to be making progressing now).

It's all about this Middle East International airport project...

Now worth 'significantly greater' than £30m per year for over 15 years.

If it gets signed, the share price will multiply WSG to a 100m+ valuation company.

"Contract discussions are now largely complete"

"The Company, together with UK Governmental bodies, is now working with the potential customer and various other governmental organisations in order to finalise the last few issues as a matter of urgency."

A good risk / reward bet imo. (especially as they have SIX other airport projects under negotiation too.)

[ten bag man] 29/7/2016 09:02

Looks like a growth share

[mr.oz] 29/7/2016 08:20

Not a lot of cash left?

[someuwin] 29/7/2016 07:37

...Its GBP30m per year. Not USD30m per year.

[graham1ty] 29/7/2016 07:33

Kreature, on this face of it, this is very positive. If contract discussions are almost completed, what can possibly go wrong ? It is also bigger and better than before. It must be exclusive if the contract is almost finalised ?

However, the ferry launch 14 months ago was also transformational and came to nothing.

I also note that the original Lungi deal was $150m over 15 years, or $10m per year. Well, after four years, it is still producing only c$2m per annum, and over 25% of the contract is now passed with no real profit.

For the new contract "a potential $30m per annum" must mean $30m at its PEAK level, so in quite a few years ? You would expect a contract to start much more slowly, and build up. However, even a fraction of $30m would be transformational.

On the face of it, today's RNS is very bullish. However, we have learned with WSG not to hold our breath....

[this_is_me] 29/7/2016 07:32

I haven't put my shirt on it either, however the 10 bagger seems more likely than bust so it is definitely worth the risk of a small investment particularly since it is not a one trick pony.

[someuwin] 29/7/2016 07:24

I notice that the ME airport project has gone from "up to 25 years" to "15 year+".

[saucepan] 29/7/2016 07:23

Surely even WSG's management are not going to make statements like that if all is to come to nought?

I suspect we do have a Phoenix rising from the ashes, but have not put my shirt on it.

[kreature] 29/7/2016 07:20

Are they exclusive discussions? Or are there any other security companies in the race?