Bunny007
18 May 2018
Re: Europe to ditch US dollar in payment... Eadwig. It is interesting how my optimism translates as desperation to you. All the political and economic developments so far have been very encouraging since Trump did the dirty; I think I have a reasonably logical case for being optimistic about WSG prospects at this stage. 25th May is close, we'll know soon enough I guess.(Hopefully we don't need to waste any more of this forum's space with your futile speculations about me, or with draconian policing of each other's sources of information. I will henceforth discontinue this particular line of discussion with you).
Eadwig
18 May 2018
Re: Europe to ditch US dollar in payment... Bunny007, "Eadwig, you seem to have made several assumptions about my position"Yes I have, based on you making no posts for a while and then a flurry of posts in the last few days on WSG, with the maximum number of Strong Buys. My main assumption is that you're a bit desperate.I hope you're not, but that's what the activity looks like and what it suggests to probably most people looking on.Or, maybe you're just upset that stupid politicians in other countries can step in and (seemingly, potentially) ruin an investment story for many of us and that has actuated you into unusual amounts of posting action.Or maybe you absolutely think the market has got this pricing wrong and that you have read the situation correctly and are buying WSG shares on every price drop. If so, I apologise. It is your risk to take after all.I don't apologise for reacting to any supposed news link from Russia Today (RT News). This propaganda organ has no place as a source for these discussion boards. I hope you (and several others) keep that in mind next time you see a news story from them. They're not exactly subtle or hard to see through and never put out a balanced story that I have ever seen.Eadwig, 'Fair and Balanced' ... just like Fox News
Bunny007
17 May 2018
Re: Europe to ditch US dollar in payment... Eadwig, you seem to have made several assumptions about my position and in the process have told me quite a lot about yourself.Anyway, we all have our opinions, but I remain encouraged by how this is unfolding so far with regard to WSG's near term prospects.
old wise owl
17 May 2018
EU Support - Game on! With thanks to Hereandnow on LSE........SOFIA, May 17 (Reuters) - The European Commission will launch on Friday the process of activating a law that bans European companies from complying with U.S. sanctions against Iran and does not recognise any court rulings that enforce American penalties.£As the European Commission we have the duty to protect European companies. We now need to act and this is why we are launching the process of to activate the £blocking statute£ from 1996. We will do that tomorrow morning at 1030,£ European Commission President Jean-Claude Juncker said.£We also decided to allow the European Investment Bank to facilitate European companies£ investment in Iran. The Commission itself will maintain its cooperation will Iran,£ Juncker told a news conference after a meeting of EU leaders.As said.... never going to be a long term blockage. Coast is clear and tiny window to get in before the surge. Bring it on. Good luck all the faithful.
Eadwig
17 May 2018
Re: Europe to ditch US dollar in payments fo... Bunny007,Firstly, for the record I have now dumped all my holding, taking just about 30% on my last couple of tranches, having often doubled my money in the past with WSG.Now, your recent posts. Although a few years back Iran did move towards paying for oil in Euro and there was much talk of the petro-dollar having finally had its day ... we all know what then happened to the Euro which only just about survived as a currency.This link is from the KGB-run RT news Russian propaganda organ which pumps out fake news minute by minute. I wish people wouldn't post stories from this source. It is about as trustworthy as Fox News and delights in exagerating any story or rumour that may cause discord in the EU or between Western countries.The EU moving to protect European companies as reported by Reuters in one of your other posts is exactly what the EU is all about and, basically, is the only economic power that ever holds the USA and some of its more powerful companies in check (see fines levelled against E.g. Apple, Google etc and E.g. actions taken in past to stop steel dumping etc by the USA).Unfortunately, we've voted to do away with this protection and so I can't see how WSG are going to benefit over a 15 year contract. As we know various federal agencies will take any British company to court on a whim and the Westminster government will do no more than protest, which will be duly ignored. E.g. BP, GSK, Barclays, LLoyds, HSBC ... the list is pretty much endless these days.The question is, does WSG have any interests in America that it doesn't mind losing? Nothing major I am aware of so the directors can ignore US sanctions so long as they avoid stepping foot on US territory and the UK government finally throws that one-sided extradition treaty in the bin. Something that should have been done years ago. I Don't want to sound too much of a wet blanket, it could all work out very well, but I think that even if there is an RNS saying that the contract is going ahead the potential rise in price (I was expecting well over @30p) no longer has the potential spring behind it that it once had. There are too many potential pitfalls down the road and it will all take a long time to play out.One for high-risk speculation? Yes, certainly. A Strong Buy posted daily? Not in my book. I understand you're disappointed, we all are, but don't lose perspective, there are always other opportunities in the markets ...... anyone care to suggest one or two?
Bunny007
17 May 2018
EU to start Iran sanctions blocking This is huge, WSG should fly once the official go-ahead is announced.[link]
Bunny007
16 May 2018
Iran Plans First Foreign Oil Pact Since Trump Left Nuclear Deal "Iran Plans First Foreign Oil Pact Since Trump Left Nuclear Deal"[link] posted on lse forum by Eskers)
old wise owl
16 May 2018
Re: Europe to ditch US dollar in payments fo... Great find Bunny. Not in anyone’s interests not to have a deal with Iran, not least safe air travel. Plenty of action behind the scenes to dilute the effect of US proposed sanctions or work round them. The deal is signed. Bring on the news soon with results in 6 trading days time. We were at 30p on speculation of a deal. We have a deal so what price when we start and that’s without all the add on deals plus other MOUs.No wonder some hefty buying been going on at this price. Good luck a
Bunny007
16 May 2018
Europe to ditch US dollar in payments for Iranian oil Nice move by EU and co. very encouraging progress.[link]
TX2
14 May 2018
Re: Confidence Could be an "interesting" business cargo screening in Iran.Quite simple really....You ignore bombs,guns & gas going out to support international terrorist activities and impound revealing underwear coming in.
Eadwig
14 May 2018
Re: Confidence Old Wise Owl, "Trump makes his decision so the company now are pausing to just understand that they continue to comply with any US sanctions. Not a big deal."As I understand it, part of the ending of sanctions was a review of the deal every 3 months. I must admit that I'm unsure of the terms of the sanctions that the US will return to applying, but I do know that it will stop the new aircraft fleet orders being completed. Airbus is reliant on many parts from America to complete those orders.More directly, I also wonder about the high technology WSG are planning to use. Typically, in the past, sanctions would specifically apply in that area. Iran has a huge and wild border with Afghanistan and consequently a huge problem with heroin passing through the country. If the new car screening deal is also with Iran that may come under scrutiny also.If common sense prevails one would hope that this contract would still go ahead. Security in Iran is good for everyone everywhere after all. With the current president in the Whitehouse and his political promises to kill the Iran deal as well as threats against any company 'breaking' sanctions I'm not at all sure common sense will prevail. An extremely tricky situation, but then no one has ever bought WSG believing it to be anything other than high risk in the last year or two.Good luck to all holders.
old wise owl
12 May 2018
Confidence The more you read the RNS update the more it is hard to understand the reaction to the share price.Finally the contract is signed. Ready to go then.Trump makes his decision so the company now are pausing to just understand that they continue to comply with any US sanctions. Not a big deal.It has considerable UK Government backing who will not want to be let down by the US position which is contrary to the US, Russia, China and EU stance.Looking forward to the results in less than a couple of weeks as the company will update further. For traders money to be made.For investors the big contract is signed and as soon as this sorted, which it will be IMHO then a transformational deal and tags without all the rest of the action going on at the company.Good luck whatever your position. Personally having researched again am continuing to build my position next week.
Eadwig
12 May 2018
Re: Typical over reaction Nice to Michu, "I've felt its better I halve my position again here this afternoon"I have to say the more I think about this the less typical the situation seems (and the more justified the reaction) and I may reduce myself next week. The international deal and compliance by Iran are reviewed every 3 months but I can't see Trump backing down anyway for home political reasons. Rumours and counter-rumours may well make the share very volatile and tradable again, but its an awfully risky state of affairs as you pointed out.One thing that isn't clear to me is the recently announced 'car screening' contract worth $4.5m with an existing client in the middle east. Is this part of the Iran deal or some other client? Is it also at risk or not in other words. I assume most of that contract value will be for equipment that WSG will provide with perhaps a small mark-up, even so it is a significantly large contract in itself which would have moved the share price on its own had it not been over-shadowed by the airport announcement.I don't want to pull out as a shareholder completely. It is impressive that a British firm won such a contract in Iran and its hard to see how USA can complain about security of flights, so there must be more opportunity to be had in that country. Sierra Leone is coming back, the ferry business may turn into something worthwhile, in which case it should be sold off, in my opinion.
Nogger2
11 May 2018
Re: Typical over reaction The real worry is the statement "the project will be placed on hold".They needed the contract up and running - how long before the lights go out?Anybody interested in a 1 for 3 rights issue at say 5p? Probably not!Nogger
Nice to Michu
11 May 2018
Re: Typical over reaction Lovely stories Eadwig and good colour too, thanks.Alas, upon reflection today and watching the s/p bounce back somewhat from this mornings 10p ish open, I've felt its better I halve my position again here this afternoon.. so my position here is small now and my interest will, for a while at least, be equivalently small.This could play out well still but it's clearly more complication and trickiness on top of the endless similar that forever seems to go with WSG. Indeed I'm somewhat burned out by my journey here so far and am thankful to have made a reasonable profit here overall. And given this key contract is in Iran there are plenty of bets I like more than this now.Good luck to all holders here. Whatever else, it's categorically never boring with WSG!
