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Westminster Share Discussion Threads
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|round of applause for the rampers everyone! the chartists, the traders and the "know it alls" lol, all helped darwin dump 200k yesterday imo, but who cares so long as a few make money?|
|January 17th, 2017
Westminster Group Plc announces that its Technology Division subsidiary Westminster International Ltd has secured a new contract for the supply of seven EOD Bomb Disposal Suits to an undisclosed European country.
EOD Disposal Technicians will wear these suits when carrying out reconnaissance of suspected explosive devices and when rendering safe confirmed explosive devices.
Westminster’s experience, expertise and international presence means companies and governments around the world, such as this, are able to procure specialist security services and equipment from a known and trusted source with confidence.|
|On Target: thanks. Seems I don't know what I am talking about here; not following closely enough. WSG is only a passing interest for me these days - more curiosity than anything. I am not likely to reinvest before a major contract lands, if at all. WSG has been too much of a serial disappointment, for me to give it the benefit of the doubt any more.
I also cannot get my head round (a) Darwin's role and the extent to which there will continue to be selling into any strength; and (b) when/if WSG is going to run out of funds again and go cap in hand yet again from a position of weakness.
For those who have kept the faith I will genuinely be delighted for you if a big contract does land before further bad news and/or share price collapse.|
|The article is from 2015 saucepan.|
|I cant see it myself.
I personally think its too big.
Knowing WSG it'll be somewhere in Syria, Lybia or Egypt.|
|Saucepan, the Muscat link is off LSE. Someone over there has found a very very tenuous link via German company to Muscat. They speculate that this is the BIG one ! Presumably followed by Heathrow.|
|Good find, bazildonbond.
1) WSG have not won this one - so another prospect may have hit the dust (I am not sure myself whether this was one of their targets, but suspect it was).
2. That there is a lot of competition out there: (a) reducing WSG's chances of wining tenders; and (b) putting pressure on margins, even when contracts are won.
3. Preparing and submitting tenders, if that was the process here, is not cheap. Every tender lost is a lot of money down the drain.
I remember WSG having highs hopes of winning a major contract for Bangladesh. That was lost, too.|
|Loo brush: No|
|Good find loobrush.
Don't know if that will be a WSG contract or not.
But this coment backs up the WSG business model...
“Both the charges are not unique. A large number of countries have already introduced security fee and CUPPS charges long time back,” a senior airline official told the publication.|
|Will this be the first contract
"International passengers departing from Oman’s airport will also have to pay an OMR1 ($2.60) security fee.
Both the new fees will be added to the cost of airline tickets, with the security charge expected to be implemented from mid-January after being postponed from the start of the month."Would be nice to get a contract £35M/pa revenue maybe.
We will know soon enough.|
|Ontarget, cannot be news tomorrow or this would be up 25%. This share is as leaky as the Sierra Queen.|
|Oh, and 20 Jan last year was the "several airports in a country with high GDP growth country" MOU. So that is almost a year as well.
The East Africa MOU had heads of terms signed in Nov 2012, so that is 50 months late.
The Asian airports MOU was Feb 2015, so 23 months late.
The Oct 2015 MOU for a "priority country" is now 16 months late.
Add those up ( leaving aside bridges, borders etc, ) and I make it 101 months of cumulative delay !!!!!|
|Follow, the Middle East Contract was announced on March 8, so just coming up to a year. The Letter of Intent ( intent to do what ?.....string everyone along ?)was on 26 May, so almost eight months ago.|
|It doesn't look any different ontarget. The ME contract was announced early summer with the terminology saucepan mentions. Still nothing.
Most are growing wearier and wearier by the day as time moves on and still no deal.
There's just no transparency.|
|On target, just remind us why it is different this time ?|
|Bit different this time though isn't it.... if you have done your research of course.|
I can see where you are going with this. I'd say that when that speak is used then add anywhere approaching 2 years and in some cases more.
Just read the last 2 years RNS's on WSG where it is simply a tale of jam tomorrow with overpromise after overpromise and under delivery time and time again.
Just look at the ferry fiasco as your example. Then add in other Mou's, Border Contracts?, Bridge Projects? etc etc. All get flavour of the month status and then they simply melt into the background.
Unfortunately the market has got wise to all these ramblings. PI's sadly haven't just yet.
It is simply far better in my honest opinion to park up and to treat everything said with scepticism and wait the full jam sandwich to arrive.
No Director buying at all and repeated use of Darwin causing repeated large dents to peoples portfolios is just a complete turn-off to anyone seriously investing in the company.
Not interested in the hot air any more and I for one am happy to wait for the full ticket (or not).|
|Dictionary definition of imminent: about to occur
WSG definition: [suggestions welcome]|
|No contract still I see. How are they allowed to mislead in this fashion time and time again? rampers hang your heads in shame|
|Thanks On target and Alphapig,Yes it would be risky,these companies spring Rns's
on you when you least expect it....it was just me being suspicious,as what looked like a roll,was slightly reversed in order as I would usually expect one to be done
Nice late 50k buy reported...also looking at the last 3 weeks point of view here, a good rise,some taking out profits which is natural,but on the whole a good trading level in which to kick off again,,I believe we may be on a rising start agin tomorrow,as we are what seems like a 137k buys in front of sells,bodes well,lets have a nice end to the weeks trading at say 20p,that would be nice..gla|
|It would seem an extremely risky thing to do though, with the chance of a big contract RNS and instant n00% mark-up at any time?|