Westminster Share Discussion Threads

[someuwin] 11/8/2016 13:14

29th July 2016...

"...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 reported."

Having looked back at the original 8th March RNS they say...

."The airport which is the subject of this latest development is strategic both in terms of location and forecast growth, with potential for further agreements in respect of the country's other international airports."


So it seems to me that this "increase in scope" could well be that they will be supplying security services not just to one international airport but several.

If this is the case then you can see why the total yearly value of the contract will be 'significantly' greater than the £30m quoted for the single airport!

[bernieboy] 11/8/2016 13:08

Still good buying going on.....

[someuwin] 11/8/2016 11:18

SEVEN major deals on the table. Any one of which will be transformational for the future of WSG...

29 July 2016 - All MoUs still active, all making progress. The ME CAA airport has progresed to 'Letter of Intent'. Contract discussions largely complete. substantial increase in both the scope and value of the contract. WSG working with government & customer to finalise the last few issues as a matter of urgency.

08 Mar 2016...

-- New MoU Middle East Civil Aviation Authority - significant international airport (£30m+ per year)

22 Feb 2016...

-- New MoU relating to a 20 year border security project in the Middle East

As at 20 Jan 2016...

-- New MoU with a new government client for the provision of long term (up to 25 years) aviation security services at several international airports.

-- The MoU signed on 9 December 2015 for the significant airport hub has advanced quickly, with our specialist aviation security team organised to deploy w/c 25 January 2016 in order to carry out gap analysis work ahead of contract negotiations.

-- The MoU signed on 12 October 2015 has progressed significantly. We have now completed the gap analysis and are moving to contract negotiation stages.

-- The MoU signed on 9 February 2015 for Airports in Asia is making progress through the parliamentary process to enable foreign companies to enter into government Private Public Partnership and Build Operate Transfer contracts without going to tender and has passed 1(st) reading.

-- Local issues and bureaucracy continue to delay the East African MoU. Discussions remain positive though it should be noted that this is now one of the smaller of the opportunities being progressed given the recent MoU's secured by the Group.

[someuwin] 11/8/2016 10:32

No online buy quote.

[saucepan] 11/8/2016 09:50

There does, however, seem to be a lot of "round number" selling of shares into strength - as though someone with a large position is keen to dump in tranches.

I don't think it is news leaking yet.

Nevertheless, a rise is a rise and I am not complaining.

[bernieboy] 11/8/2016 09:49

Is there a leak maybe that the Airport RNS is on its way!?

[someuwin] 11/8/2016 09:47

You just need to read this year's RNSs to understand why this is rising.

[saucepan] 11/8/2016 09:16

Looking rather good.

[bernieboy] 11/8/2016 09:15

Great! Blasted past it. Buying is relentless!

[someuwin] 11/8/2016 09:12

Spot on BernieBoy.

[bernieboy] 11/8/2016 09:11

On our way past year high today maybe?

[bernieboy] 11/8/2016 09:08

Right on cue again! My predictions are good for this share! ;-).Think I will keep predicting an upwards trend towards three figures! B-)

[bernieboy] 11/8/2016 08:55

Full ask paid..... Tick up soon?

[bernieboy] 11/8/2016 08:18

Yep on the way to another blue day by the looks of it......

[someuwin] 11/8/2016 08:12

Buyers are about.

[ileeman] 10/8/2016 16:12

Looks like it is gearing up for a jump past 25p resistance

[someuwin] 10/8/2016 15:54

Good move pilkersa - the big moves are yet to come here.

[pilkersa] 10/8/2016 15:46

jumped in after a bit too much pondering....

[someuwin] 10/8/2016 14:33

...I've got more to come yet!

[scottn93] 10/8/2016 14:32

someuwin ...... stop

[someuwin] 10/8/2016 14:17

This comment from the initial 8th March RNS is worth re-reading. It shows why this Middle east country wants this project and why it will be signed soon...

"...In view of the heightened security threat worldwide, together with the strategic importance and forecast growth of the airport in question, the country's Civil Aviation Authority recognised the need to urgently improve airport security and equally recognised WASS's experience and expertise in this field."

[bernieboy] 10/8/2016 13:56

Right on cue! ;-)

[bernieboy] 10/8/2016 13:54

Looks like another tick up coming soon......

[ileeman] 10/8/2016 13:54

I think going by the chart 30p is achievable after 25p major resistance breaks