TX2
11 May 2018
Re: RNS out and it's a very unlucky situatio... ....Meanwhile the management can get down to doing what they are good at raising cash from the foolish & gullible and spending it on themselves & other madcap schemes.I thought it would be difficult to top the last "African Queen" ferry venture for absurd farce;but Sir Tony & his chums have excelled again!Brilliant.
Eadwig
11 May 2018
Re: Typical over reaction Damps, "the UK has 40 commercial airports, so 60 in Iran seems to be quite a stretch"It is often overlooked that Iran is many times bigger than the UK and has a larger population, around 80 million. With the fuel subsidy in 2000 I paid $15 U.S. to fly from Kerman to Tehran. Internal flights are well within reach of the locals - or were back then, and it may well still be the case. Considering our road trip outside Kerman (toward Bam and Afghanistan) was only allowed with an armed escort of soldiers, choosing a flight between cities may well be the preferred option for many an internal traveller.Sadly I should add that the beautiful oasis city of Bam was wholly destroyed by an earthquake not long after my visit.
Eadwig
11 May 2018
Iranian Airport Infrastructure This link shows very quickly just how many airports are busy enough to have over 1 million passengers a year, which is roughly about as many as the Sierra Leone airport I think.[link] figures showing 9 airports with 1 million or more passengers.The major airports around Tehran suggest that WSG's performance (assuming the contract goes ahead) will be measured against other providers.
Damp Seaweed
11 May 2018
Re: Typical over reaction Hi Eadwig,Funnily enough I have just posted on Barcplus that 10p would be an interesting price level.Incidentally, apparently the UK has 40 commercial airports, so 60 in Iran seems to be quite a stretch. The relevance also seems questionable at this point. Unless you, of course, you are desperate to keep the dream alive. Which seems to be an esssential ingredient for AIM.
Eadwig
11 May 2018
Re: Typical over reaction Nice to Michu,I'm of similar mind-set to you with regard to this stumbling block. I'd be inclined to buy more under @10p but I only sold around one third of my holding when over @23p and have a holding average of about @10p. I'm very unsure now if the contract, despite being signed, will continue to excite the markets in the same way.Iran is an unbelievably difficult place to do business and usually favours French companies over others if t has to go 'Western'. It shouldn't be forgotten that the whole of Iran Air's plan to add over 100 modern jets has been thrown into doubt also. This move on the Iran deal was a flagship policy for Trump who is prepared to take action against anyone circumventing his sanctions and this will be a battle of will in the run up to the next presidential election in November 2020. I can't see anything being settled before then. I was in Iran in 2000 and Tehran had the most chaotic airport I have ever visited (I'm assured some in Africa are worse). Several levels of security have to be passed through BEFORE you reach airport security. Police, Army and Religious Police all compete with each other to show their powers. I have no idea if this remains the same situation.Air travel within Iran is very popular as fuel is heavily subsidized, Iran is huge and the roads are some of the most dangerous in the world.60 airports though? That is misleading I think. Tehran is a very, very busy international airport and there may be one or two other airports have a few international flights and perhaps half a dozen fairly busy regional airports. I'm unsure about the Gulf coast and the oil industry and how that adds to the network.
old wise owl
10 May 2018
Re: Typical over reaction I'm standing ready to buy if they do try and drop the price. I see the RNS also clearing the way for directors to buy which will send a strong signal.When the turnaround in sentiment comes it will be quick and substantial IMHO so happy to enjoy the sun and just wait a wee while whilst it all comes together.
Nice to Michu
10 May 2018
Re: Typical over reaction ''The MMs have picked some pockets this afternoon''Perhaps they'll be picking some more first thing tomorrow morning old wise owl.. hopefully not but my guess is this will open decently lower than todays close..how low it goes and what sort of bounce from where is the question for traders.. long termers less so,granted.. and in fairness the more I read the RNS the less worried I am...I'm still reasonably worried though..
old wise owl
10 May 2018
Typical over reaction So now we know that the contract is with Iran - why do we know? Because the contract has finally been signed off! So after all this time and effort on both sides a contract is in place with circa 24 million revenue once started. Transformational for the company at current market cap.They have also announced that the country has another 60 yes 60 airports hence during the negotiations the extension of the scope of the project. Massive if taking all those on in due course.So a short term political hitch sends this down 25%. Makes me smile. With all the trade deals with various countries involved with Iran - really, is Mr Trumps comments going to be allowed to derail all these companies etc.This may even be sorted by the time of the results on 25th May. Total AIM over reaction with only 2 million shares traded. The MMs have picked some pockets this afternoon.And this deal not the only one on the go so happy to be accumulating. Wealth created from the impatient and irrational to the rational and with patience.Good luck all. Keep the faith.
riverside red
10 May 2018
Re: RNS out and it's a very unlucky situ... Do they have sanctions on their list of risks in the latest annual report?
velocipede
10 May 2018
Re: RNS out and it's a very unlucky situatio... Ha - Iran! Just our bl**dy luck. Ah well, there won't be much point getting out tomorrow with my losses, so looks like I'm in for the long haul.
Nice to Michu
10 May 2018
RNS out and it's a very unlucky situation Iran of all places to have the contract and Trump has thrown a big spanner in works here.. But the contract is not dead and has been put into freeze.. and maybe a new deal gets signed in next 6 months or maybe WSG gets to go ahead with it anyway as it doesn't come under actual sanctions enforced by US ...or UK Co's not part of sanctions.. etc.But even including the big fall at end of business today I fear for this s/p again tomorrow though.. Very tricky situation now and I feel sorry for all longs here including myself .. fortunately I got bored waiting and cut my position in half thru 2018 so far... but obviously still a hit on what's left.. how low will it go from before it stabilises is the huge question.. sit and wait and hope or sell out ?Altogether this company feels somewhat jinxed.
Hunterguitar
01 May 2018
Re: Results 'The quick and the dead' is a more suitable quote for AIM.
Damp Seaweed
01 May 2018
Re: Results I don’t believe Warren Buffett was thinking of one trick ponies when he made that quote.But, I guess these homilies can provide some comfort when facts and updates are thin on the ground.
old wise owl
30 Apr 2018
Re: Results HT - you could be right. The price is drifting on tiny volume so the MMS happy to hoover up the shares that the bored want to offload.Then with either good results and update on huge contract this reverts back to mid 20's or the contract news lands and its north of 50p.We all remember Warren Buffett............the patient make money from the impatient.Good luck whatever your call. Personally will top up further if hits 15p but happy to be holding my main amount ready for news at any time. After all this is AIM and all can change in a day 😉
HUCKLEBERRY TIM
30 Apr 2018
Re: Results waiting for sub 15p again. You lot will say it won't happen again but it did last time and I am sure it will again before soaring to my exit point of 25p again....Or I am wrong but sitting on a tidy profit.good luck all.
