Westminster Group (WSG) Has spent the last few years supplying security equipment to government agencies and major players across the world and has built up an impressive list of agents and contacts.
Now moving the business from one off sales model to a long term managed services model.
The first stage came in 2012 when they won a major contract to run the entire security operations at an international airport in West Africa. (Lungi airport)
* WSG get paid (through the airlines) on a per passenger basis.
* Lungi has passenger numbers (PAX) of 120,000 and the contract is worth $150m - $300m over 15 years.
* They are now in advanced negotiations for a second airport in another african country, but this one has PAX of 400,000 i.e 3 times as many passengers so, all else being equal could be worth 3 times as much to WSG!
* Furthermore, they are also in active negotiations with other airports across Africa for an aggregate 2,200,000 passengers (Do the maths!)
As if that's not exciting enough for a £12m micro cap there's more...
* They are working on several oil pipeline security deals (the potential here is vast when you see how much oil is lost to theft and leaksge).
* Also, multiple critical national Infrastructure projects in a Middle East country.
* And multiple franchise opportunities in Nigeria.
* Many other projects yet to be revealed (ports & harbours maybe?) across Africa, Asia and the Middle East.
All the signs are that the second airport deal could get signed within weeks. This WILL have a transformational effect on the sp imo. Then imagine what will happen when any of the other major opportunities comes in!!
