Westminster Share Discussion Threads

[someuwin] 22/8/2016 11:54

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!

[alamaison] 22/8/2016 11:48

As I was losing patience with LEK I have send them an email.
See , bellow, the reply received this morning:

Hi,
The most recent release indicated Q3 for commercial production and first cargoes. This timeline is still intact.
We are making good progress on the ministerial consent front.
Photos may be available on the site after the start of commercial production.
Best Regards,
Lekoil

[neo26] 22/8/2016 11:44

SomeuwinThe contract that is in advance stages in the middleast is that just for one airport?

[goodbloke1] 22/8/2016 11:22

In my experience people are not satisfied unless the share price of a company is already shooting up and then they chase it instead of getting in before any news announced.However not advising anyone to buy.Just mentioned possible multi bag potential and people should research before buying of course

[someuwin] 22/8/2016 11:12

neo - they have a lot more than just this one deal on he table.

WSG have SIX contracts currently under negotiation for airport security in countries across the world.

They also have a very big border crossing security contract that is very close to signing too.

Any one of these deals will send the share price startospheric.

[neo26] 22/8/2016 11:01

someuwin

Fair point, but one also has to take the point if this one particular contract fails share price back to 5p. Big drop.

I must say there is great potential

[someuwin] 22/8/2016 10:57

No contract is guaranteed until it is signed by both parties.

That's why you can still buy these at this price.

Once the contract is signed - you'll have to pay £1 or more per share.

[goodbloke1] 22/8/2016 10:48

Sounds like you can't make up your mind to buy.You have to balance the risk versus the possible multi bag reward on deal.

[neo26] 22/8/2016 10:44

in some rns's the board is really positive with regards to the airport contract and then they come out and say their is no guarantee, how can they be in final stages and not be guaranteed?

[neo26] 22/8/2016 01:36

its alreadt 5 fold since may, whoever bought the should be happy, who knows if they get the contract it may touch £1.

Checking the company out with interest.

[saucepan] 22/8/2016 01:00

Yes, exactly. So, even if one is confident (like me) that at least one major contract will get over the line before too long - it still makes sense not to invest more than one can afford to lose, just in case.

[neo26] 21/8/2016 23:14

"While there can be no certainty as to the timing or final outcome of contract discussions, the receipt of this Letter of Intent is an encouraging step and demonstrates the progress that we have made to date. This, and progress on other long term contract discussions, gives us confidence that our strategy will deliver more positive results in the future."

So its still not a certainty then, still go pear shaped...

[jacobengel] 19/8/2016 23:40

I have to say I like the remarks "finalise the last few issues as a matter of urgency" and the "contract is significantly greater than the £30M previously reported."Depending on what "significantly greater is" and considering the company has already stated its swung into profit the future looks incredibly compelling here.The Company is pleased to report that its Managed Services Division continues to build its presence and considerable potential around the world and, in particular, has made significant progress with the contract negotiations regarding the long term (15 year+) Middle East airport project for which the Company received a Letter of Intent in May 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. 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.

[luminoso] 19/8/2016 23:40

If you insist....

...News of the signing of the Middle East International Airport(s) security contract. Worth considerably more than £30m per year for more than 15 years.

Due any day now.

(Plus six other major airport / infrastructure contracts currently under negotiation)

[mr.oz] 19/8/2016 18:31

Cut and paste?

[someuwin] 19/8/2016 18:20

...News of the signing of the Middle East International Airport(s) security contract. Worth considerably more than £30m per year for more than 15 years.

Due any day now.

(Plus six other major airport / infrastructure contracts currently under negotiation)

[homerdude] 19/8/2016 18:12

What news someuwin

[jovi1] 19/8/2016 13:51

back on but little over 27

[jovi1] 19/8/2016 13:44

some doggy dealing maybe or just a glitch
let hope for a positive in any case

[saucepan] 19/8/2016 13:41

I have checked as well: no online buy quote with Barclays but can sell online in volume; augurs well I think - unmet demand for shares.

[someuwin] 19/8/2016 13:35

Yes - can't get an online buy quote either.They'll have to move the price up.

[jovi1] 19/8/2016 13:30

I am trying to buy some more but at the moment I cannot. I use HL and keep going on re-quote. do anyone as an explanation for this?
I have already got 3 lot today without any issue

[someuwin] 19/8/2016 12:03

...Huge news getting closer by the day.

[jovi1] 19/8/2016 11:59

I like sound but why write it in here??
on wsg I got 3 small lot for my accounts and all show as sell maybe more funny games as usual with MM
last 2 lot pay 27.90 and spread was 27.5 28.5
let hope for good news here