Hellooooo..... nowt but tumbleweed in here. Anybody got any opinions? Muscat a dud? Dramatic announcement still to come? Other ideas for what this "breakthrough contract" might be? Onewayticket - any thoughts?
I think it highly unlikely that WSG's has won a major contract at the Muscat new airport.
The airport opens in 5 days and all the trials are either well advanced or completed.
Dr Ahmed Al Futaisi, Minister of Transport and Communications, said: The ministry and its strategic partners are ready to begin operations after the final confirmation that all systems are ready, following the conclusion of the recently conducted operational tests.
inconceivable the airport don't know if the security is fully integrated and match fit so i fail to see how the ORAT trial is the last hurdle, what do they do if there is an omission/glich during the last trial run, shut the airport for 18 months and tender again, to fit a loose cable,
on the flip side if they have other plans not including WSG why would they maliciously wait till opening after 2 yrs of negotiations to tear it up, and then expect WSG to come back bend over backwards for the other services they requested that are WSG 's speciality,
so a positive, and we hope our 2+2 is 4
Still can't work out how the staff be it the Royal police or Wsg station managers have not been given notice of a new contract or employer with 10 days till opening, you would be entitled to that amount of notice absolute minimum in any employee change or commencement of duty scenario, this isn't a relationship between serfs and masters,
I don't see how the ORAT trials which in themselves all about establishing recognised standards would at the same time be the excuse to riding roughshod over contract disclosure and basic employment disclosure,
on the other hand if the security personnel have been informed to just jump with a few days notice, why hasn't the market also been informed?
If there is another company in this position waiting till the last day I'd like to know who the hell it is,
as I posted at the beginning of January it follows a familiar pattern which has now
been repeated again. Fowler gets everyone excited with a promise of good things
to come; there's a surge in the sp; then it all goes flop.
from what I recall without checking its been going on like this for at least a couple
of years since he primed us with the Great Ferry Enterprise in Sierra Leone which
was going to be a match winner but has now disappeared without trace.
As I posted a while ago I have pared back to retain a small holding but certainly not
in topping up mode until some real news breaks.
Always wondered why the Omani police who look after security need to be replaced if whatever security system is in place by Thales is ready to implement the model required,
if the goal is to make money or save money why give that benefit to someone else
"Al Futaisi stressed the ministry and its strategic partners will now be able to operate the building, following final confirmation of its readiness through operational tests conducted in recent months."
"The revamped Muscat International Airport is expected to have the capacity to handle more than 12 million passengers a year and 48 million passengers after the completion of a number of four-phase construction projects."
Prticularly given these comments in the 22nd Dec 17 RNS
"Due to the complexity and increasing potential scope of this project, it has now been agreed to undertake the project in phases, with the initial phase expected to be worth approximately 24m per annum to Westminster. Any future extensions and changes of scope are expected to be subject to price revision.
"As part of its growth strategy, and to facilitate some of its major project opportunities, Westminster has also now established two new European subsidiaries strategically located in Germany; Westminster Group GmbH, a 100% subsidiary of Westminster Group Plc, and Westminster Sicherheit GmbH, which has a 15% minority holding by strategic investors who will help provide financial and structural support for some of the major project opportunities."
We now know this subsidiary is based in Munich. Why? Well it just so happens that Munch airport is doing this https://www.omanairports.co.om/News/OAMC_signs_agreement_with_Munich_Airport_for_seventh_consultancy_package_of_operational_readiness_and_transfer_to_new_Muscat_Airport_-news--44
Henry Spratt is one of our German Co directors. His LinkedIn profile has plenty of corporate finance / banking people on his 'people also viewed'...
Not to mention, his other co Bristol York "works with high growth companies to achieve their operating goals."
5. The timeline of RNS's and Muscat's delays in opening stack together perfectly.
The latest RNS indicates sign off is imminent. Trials are nearly finished at Oman as they enter the home straight towards the opening on the 20th of March 2018.
Some reasons to believe the location of the middle east contract is Muscat airports new terminal in Oman which we saw today is due to open on the 20th of March 2018.
1. "Accordingly, arrangements are currently being made for high level meetings to hopefully finalise the security services contract and the Company is working with UK Governmental bodies and other institutions to deal with related financing issues whilst Westminster's business development team continues to progress negotiations of the long term multi-million-pound incremental requirement for related services at all international airports within the country."
Taken from the RNS Number : 1311L 29 September 2016
All international airports... This rules out several Middle Eastern countries such as Qatar who only have 1 international airport. Oman has 3.
2. Multiple trips by the PM and senior government officials to the gulf https://www.gov.uk/government/news/pm-call-with-sultan-qaboos-of-oman-6-july-2017
https://www.gov.uk/government/speeches/prime-ministers-speech-to-the-gulf-co-operation-council-2016 "Gulf security is our security." Theresa and Tony Baldry who is now Executive Chairman go back a long way The letter of intent was received not long after Tony joined WSG.
"It is decided that the commercial operation of the new passenger terminal will be on Tuesday March 20, 2018. All incoming and outgoing flights will be transferred from the current airport to the new airport on this day"
Great news. Revenue up in other areas but the big contract is about to land
Bet they are frustrated that they couldnt announce it with this RNS but it is nailed on to be Nuscat which we know will be announced within a few days. Any price drop today is the best opportunity ever for this company to grab last of cheap shares before the big news.
Might even bring in circa £1 million for selling the boat! All aboard!!
OWO I sincerely hope you are right that this is the contract much spoken about. I only have a small holding here at 16p average but sold just under half at almost 27p given the historical ups and downs. Not quite a free ride on the rest but it will do!! A sharp rise Tomorrow morning might indicate you are correct if there are any leaks pre the formal announcement . Watch this space.
So just 3 trading days to go before end of month. Company said would give update on operations in January and anticipated announcing further on deal also. Obviously trying to tie up the final ends to announce both at same time.
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