#WSG - "there is no reason nor pressure to do so until the Company's share price has reached a target price of 26p. The Company believes that with imminent and expected new long-term contracts to be gained over the next 24 months the target price or higher can be achieved"
Cash in the Bank, news “imminent” on contract(s) it seems for #WSG
…and 26p would be nice 😎
“Whilst the Company can choose to enact the sale of these shares at any time, it has not done so and there is no reason nor pressure to do so until the Company's share price has reached a target price of 26p. The Company believes that with imminent and expected new long-term contracts to be gained over the next 24 months the target price or higher can be achieved in due course at which time the shares can be sold for the benefit of the Company”
When will the penny drop…
https://t.co/nVA1vwBDli
Do the maths...Have you really read the #WSG RNS in detail... I have followed WSG for years (to my cost!) but never read such a carefully written, positive, upbeat RNS.
To use the word "transformational" should not be understated. Have you looked at the potential numbers here ⁉️ If passenger numbers are around 400,000 at say $25 then that’s $10m pa over say 10/15/20 years? The DRC was worth $6m a year when passenger numbers were really low (covid years) so $10m is hardly unrealistic...
https://t.co/nVA1vwBDli
#WSG - Assuming DRC generates $10m with a 60% margin thats $6m (£4,750,000) profit. PE of 10 £47,500,000 market cap being a share price of 14.3p at the current shares in issue so would probably need another contract of a similar size to justify his 26p valuation.
#WSG made a 20 bagger projection in today's RNS.
Numerous irons in the fire to kick start the move.
Recent cash balance reported as £850k with £3m+ WC and ample banking facilities to act as buffer between now and the big deals.
Bring on DRC & "transformative months" ahead
Some have been parroting a #WSG placing for years. There is a reason for no raise: an excellent management of cash whilst many companies were diluted to oblivion or went bust. BoD expects contracts to come through & a significantly higher SP. They have visibility of what's coming
Our expectation is 5,6p+ poss higher on signatory of the Enyo DBA. That will likely be a real wake up call for Slovenian Got. Damages runs towards £1 a share at headline level incredibly. Likely increase in optionality value by the market on a settlement post this key RNS. #AST