Westminster Share Discussion Threads

[youkme] 23/1/2017 07:49

folltheleader. and to think the bigger boat (the one wsg bought! ffs) is still sitting idle. The explanation? "soft start up" pmsl. all swallowed by the loyal bunch of shareholders that Peter still communicates with (theres only a select few now). You got wonder why, haven't you?

[followtheleader] 22/1/2017 08:32

The dead giveaway was the fact that the composer forgot to include the mention of K9 units.
Its an industry lingo thing. Lol

[youkme] 22/1/2017 00:52

just lol nothing else to say. Theres even prats voting up the non RNS able contracts that not even share price angel will sign off, just pmsl.

[smelgys mum] 21/1/2017 19:35

New Contract Award - Major Contract Award, Middle East
Westminster Group Plc announces that it has secured a multi million GBP contract for the supply of an integrated security solution to a number of high profile sites in the Middle East.
The multi million GBP contract involves the protection of a number of high profile sites within the Middle East and was secured following a lengthy tender process including stringent operational assessment trials. Under the contract, Westminster will be providing advanced detection and surveillance equipment including radars, sonars and thermal imaging surveillance equipment all networked to an advanced multi site, integrated central Control & Command system covering the country.
Commenting on the contract award Peter Fowler, Chief Executive of Westminster Group, said:
"This is yet another important new governmental client to Westminster and we are already discussing various other security solutions the Group can provide and for which they have expressed interest. The potential for further business is considerable.
"The size and scope of this contract will provide a valuable reference point for our future business development

[followtheleader] 21/1/2017 12:28

BroncoWarrior

You must have missed some of the previous posts.

MOU after MOU and not 1 other airport deal in what is coming up for a 5 year anniversary after Lunghi. That is sadly the track record.

Your optimism has been shared by many only to reap disappointment after disappointment.

In addition you also have a flagship ferry that must have cost millions, sat idle and hardly even getting a mention anywhere these days.

All this plus constant Darwin fundings and associated large drops in the shares price hardly makes this a buy.

[broncowarrior] 21/1/2017 00:06

The deal comes in it will burn off any selling pressure. In an ideal world Darwin want to profit from an upwards share price but they obviously need to hedge and take a profit even if it goes down. Sucks for everyone else of course and generally a big drag on share performance.Dealing with Middle East countries with all due respect is not easy. They prefer to deal on handshakes and honour when they have the power in negotiations .

[barpy] 20/1/2017 20:52

Another anniversary will be in one months time, the five year anniversary of lungi.
Five years and no other airport deal.

[followtheleader] 20/1/2017 18:20

That has to be the biggest Lol of the year.

The actual costly mistake is putting any investment is this company.

Let me just help jog your memory someuwin.

One day Darwin free - 33p to 35p

Then there a Darwin RNS and within a couple of hours of the announcement its fallen to 15p and it even slumps further to somewhere around 13.25p.

[someuwin] 20/1/2017 15:47

One of the biggest mistakes peeps can make (in general) is thinking that because something hasn't happened for a long time, that it is not going to happen at all.

That can be a very costly mistake.

[followtheleader] 20/1/2017 15:43

You did Saucepan. You did indeed.

I'm probably your On Target + 1 year on, and a lot wiser for it.

You'll learn not to believe one word that comes out of this company. everything is overegged and just doesn't seem to happen. I've honestly never seen the likes of it.

Saucepan you must be completely mad.

[saucepan] 20/1/2017 15:09

followtheleader: I did try to warn you about WSG when you first appeared on this board, ultra-enthusiastic.

Having said that, I have to own up to being back in here for now with a punt position - despite stating what I thought was my better judgement a little way up the thread.

[on target] 20/1/2017 14:27

But the last update in December said they were all still active. Maybe these things take a long time?

[followtheleader] 20/1/2017 14:24

The history of time delays on all the previous MOU's listed speaks for itself. Some years and years it seems. That plus one of the worst conversion rates I think I have ever seen in any company means I think you may be waiting a very long time.

I have to side with youkme in that the company needs an independent review and complete clear-out.

Don't be surprised if you don't get any RNS on Monday.

[someuwin] 20/1/2017 14:02

Nevertheless.

Total shares in issue still only 87 million - not a huge amount.

CEO holds 7.5%

Hargreave Hale hold over 15%

Yup - plenty of other companies out there, and that's where I spend 99% of my time. But I still keep a chunk in WSG because at some stage I beieve they will land one or more huge deals. At which point this will be over £1 in a flash.

Just a waiting game imo.

[followtheleader] 20/1/2017 13:44

10 out of 10 for your enthusiasm someuwin but whilst the FTSE 100 has reached all time highs WSG has seen a halving of the share price from its high last year. There are thousands of companies out there that do make profit, do provide dividends and actually do deliver what they say on the can. Just look back at all the RNS's and you'll see all the hot air and accompanying CULN agreements. You'll forgive me for thinking that they both correlate. This company sadly has a negligible conversion rate on any prospects. Just Also remember that each time Darwin gets engaged then firstly your share price gets damaged and thats more shares that have to be issued. It all dilutes over time.

[someuwin] 20/1/2017 12:00

News will come.

And when it does it will be big.

[youkme] 20/1/2017 11:12

The AGM will just bring a ramper back from it with promises of a contract to be signed within "weeks". Last year it was the turn of airbiscuit to come back with the promises, the year before it was fryup the year before etc etc. Nothing will change until a complete re shuffle and even a resignation or two. Company is a laughing stock, apart from the few plants that still ramp this and of course the newbies like ontarget who think something is "imminent" lol

[followtheleader] 20/1/2017 10:46

Happy Anniversary indeed.

One whole year passage of time since the announcement of that MOU and if you read the RNS for 20th Jan #### 2016 #### that accompanied you just start to get the feel of things. Part of what was said.

WASS has 4 airport security opportunities under Memorandum of Understanding with its clients in addition to the new MoU announced above:

· The MoU signed on 9 December 2015 for the significant airport hub has advanced quickly, with our specialist aviation security team organised to deploy w/c 25 January 2016 in order to carry out gap analysis work ahead of contract negotiations.

· The MoU signed on 12 October 2015 has progressed significantly. We have now completed the gap analysis and are moving to contract negotiation stages.

· The MoU signed on 9 February 2015 for Airports in Asia is making progress through the parliamentary process to enable foreign companies to enter into government Private Public Partnership and Build Operate Transfer contracts without going to tender and has passed 1st reading.

· Local issues and bureaucracy continue to delay the East African MoU. Discussions remain positive though it should be noted that this is now one of the smaller of the opportunities being progressed given the recent MoU's secured by the Group.

...................................................................................

Then you have two further anniversaries also highly imminent.

22nd Feb 17.for the anniversary of the MOU on the Middle East 20 year Border Contract.

8th March 17 for the actual start date of the first mention of the MOU on the Middle East Airport contract that was then an LOI, being progressed asap, contract discussions largely complete, post contract expenditure etc etc etc.

Unfortunately the reality of it all is that to date there has been that NOT ONE of the above has been turned into a deal with a proper contract.

Wakey up and smell the coffee.

[graham1ty] 20/1/2017 06:38

Happy Anniversary WSG it was 20 Jan 2016 when you signed the MOU for security at "several,international airports" in a country with "high GDP growth". You referred to this MOU as "the roll out of our international long term airport security services.

When you have only signed one actual airport security contract in 8 years, how can it be a rollout ?

[followtheleader] 19/1/2017 16:31

Unfortunately though sooner or later it all sadly unravels for each set of new mug investors (as others call them) when nothing sadly comes to fruition.

The previous post off I think it was Gity showing the complete history of about the last 5 years worth of MOU's and any Letter of Intent is the legacy of over promise followed by under delivery.

I suspect attentions will soon turn to this years AGM and reflection on yet another year of a halved share price and very little else.

[on target] 19/1/2017 09:20

What losses?

[gkp heros] 19/1/2017 09:18

GLR is a way of getting your losses backColin Bird, CEO commented: "These results are very pleasing, especially since only about 15% of the concession has been tested with IP geophysics. Of particular note is that the initial modelling of historical data pointed to potential new targets, the results for which have exceed our expectations: the high incidence of geophysical anomalies are of significant size with strong suggestion of the presence of sulphides. The geophysics shows the potential for near surface bodies and an increase in chargeability at deeper levels. This is particularly encouraging for Galileo, as most emerging copper producers are confined to either mining limited tonnage of high grade or bulk tonnage of low grade: Our results suggest we could be targeting a mix of the two and it is always beneficial to have a high-grade component in any bulk mining operation. The initial drill programme will be designed to establish a correlation of the geophysics with sulphides and attach potential copper grades to chargeability levels. I look forward to our drill test programme with the hope that we will advance to resource definition."

[youkme] 19/1/2017 09:18

on target; lol 5 years since anything of any worth mate. Keep dreaming