Based on disclosure by the company and the typical capex and margin structure of these contracts, we believe the DRC contract is conservatively likely worth at least $70m in discounted lifetime value to equity and that is before considering the potential to add cargo screening services on to the deal. With current market cap at £18.7m, the upside rationale is clear to us.
06 Jul 2021
Westminster Group* - DRC Contract Worth $70m+ - Very Little Priced In
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Westminster Group* - DRC Contract Worth $70m+ - Very Little Priced In
Westminster Group plc (WSG:LON) | 1.4 0 0.0% | Mkt Cap: 4.79m
- Published:
06 Jul 2021 -
Author:
Andrew Simms | Philip Modu -
Pages:
5
Based on disclosure by the company and the typical capex and margin structure of these contracts, we believe the DRC contract is conservatively likely worth at least $70m in discounted lifetime value to equity and that is before considering the potential to add cargo screening services on to the deal. With current market cap at £18.7m, the upside rationale is clear to us.