Market's view on Westminster Group
Published on April 2024
- A stock watcher noted superb coverage of WSG on Twitter and LSE by someone who participated in an investor call.
- There is discussion about WSG’s activity on social media, pondering whether it’s a sign of upcoming delivery or just a precursor to raising funds.
- Concerns were raised about the method of funding for WSG, with a preference for debt financing rather than equity being reiterated, based on past official communications.
- The contract with WSG is anticipated to generate significant revenue in the first year, with additional revenue expected from domestic traffic and cargo screening.
- Doubts were expressed regarding the efficiency of managing African contracts from London, due to cultural and operational misalignments.
- There is skepticism about the payment method for a contract, questioning if it involves local currency and the implications thereof.
- A stock watcher highlighted the expected profitability from a new contract, estimating significant contributions to the share price and expressing confidence in further positive developments.
- The possibility of securing debt financing through project-based options is being explored to support future projects.