Westminster Share Discussion Threads

[graham1ty] 28/2/2017 07:31

In January 2009 WSG had 14m shares in issue and PF owned 4.6m or roughly 33% of the Company.

They now have 97.9m in issue, and the other half of Darwin is likely to take that up to about 105 million.

WSG have issued about 90m shares !!!!!! And in all that time, just one proper contract at Lungi ( though that brings in less than £2m of revenue per annum at the moment, hardly earth shattering.

And PF ? Well, his declared holding is now combined with his wife and they hold 6.4m, so have about 6.5%. Down from a third of the Company

[on target] 28/2/2017 07:26

More than half way through - 0.7m now converted out of 1.2m.

[graham1ty] 28/2/2017 07:18

And despite grillions of shares trading over the last ten days, we now know that Darwin are only half way through selling.

[graham1ty] 28/2/2017 07:17

Well, we had not guessed they had run out of money that quickly ! Another £600,000 raised !!!!

Blimey, the ability of WSG to find mugs willing to pay up knows no limits. That is TWENTY TWO Fund raises since 2010.

And did shareholders get the chance to buy shares at 11.6p ? They might soon.

[bazildonbond] 28/2/2017 06:00

I wouldn't get too excited about the share price rocketing, i'm guessing with "possible" contracts of the size's being banded about and Westminster having zero money, there will be a fund raising and further dilution of shares to cover the increase in costs, via another placing or even a rights issue.

[ileeman] 27/2/2017 22:11

ME position confirmed.

£12m cap vs £525m (over 15 years) contract.

hxxp://www.aviationjobsearch.com/job/aviation-security-instructors/6976398

[abergele] 27/2/2017 19:46

someuwin,
nice piece of reading,much appreciated ,thanks mate

[someuwin] 27/2/2017 19:10

Looks like something big is brewing...

[ileeman] 27/2/2017 13:52

Getting close


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[judge grinder] 27/2/2017 11:02

The vacancies for female trainers are being processed by Wass Ltd, which is part of the Westminster group. More information here.
www.wass-ltd.com/
Employment to start as soon as possible, with a selection of countries including those in the arab world.
JG

[someuwin] 26/2/2017 08:56

...Just click on the arrow to the right of his name and click 'view posts'.

[bazildonbond] 26/2/2017 08:52

Why is Tom's post moderated, i'd love to hear his views, just censor the swear words!

[sweethungar] 25/2/2017 21:40

A special note on WSG 25/02/2017

hxxps://bonker99.com/

[abergele] 24/2/2017 19:20

Graham,..have you sold out of WSG???
if so why are you hanging about all day wasting you precious hours of life guiding us away from this slippery eel of a company.
oh and how much are you being paid to downgrade WSG into the gutter..

If,and if by chance you still have shares in WSG, do you not think you are dangerously shooting yourself in the foot..

that's 3 good questions you need to answer,thanks..

---------------------------------------------------
a question for the holders,that delayed 183k..at about 14.16pm,paid well over the odds it seems,@14.73p..not registered delayed either later or earlier today or yesterday, but as it came on show..must be a nice buy..tia..

It would make any of the last days trades a bonus of buys,but we end the day down,
so strange,almost like manipulation to me,oh well,,gla

[2magpies] 24/2/2017 16:59

Not for you, this one, then, Graham!

I think we've all got that now.

Tks.

[graham1ty] 24/2/2017 16:24

JG, look at the figures. If their target is 16 passengers per trip ( do the maths) then they must be significantly below that now n'est pas ? Hardly busy.

[judge grinder] 24/2/2017 16:09

Graham1TY23 re your post yesterday

"To get to to £2m it would have to be £50 per trip, or $65 per voyage, and I am not sure they are managing that"

I took the ferry a couple of years back and it was just short of $50 then, so could quite easily be 65 now.
................
edit to add ............ there were a number of boats offering this service, but most were rusting death traps, or speed boats captained by a 12 year old. I imagine the new ferry service is a very welcome addition and will be well used.

atb JG

[ileeman] 24/2/2017 12:14

Break by early next week imo.


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[graham1ty] 24/2/2017 10:54

Update that says very little, Darwin in the background ( not announced a second conversion yet) and surprise surprise, down goes the price.

Cynically yesterday's strength will have allowed Darwin to shift a few more. They are probably disappointed it was not ramped a little more so they could sell into the strength.

At the end of the day, no long term contract, pretty weak news from the ferry.....Er and nothing else.

And they must still be burning cash, so the £1m raised in November will run out in 2Q. But, someone shouts, they are EBITDA positive. That is meaningless, first as it is an adjusted number ( and as Andy Brough always says that is usually "profits when you have subtracted all losses), secondly it does not reflect cash flow, capex or development spending. So, assuming that they have continued to shell out on the ferries etc, there are ( as announced) pre contract infrastructure costs, and pay all their family members, they will still be using significant cash.

It all depends whether you believe they will sign another RR contract. It is almost exactly five years ( 20 Feb 2012) since they last signed one.

[graham1ty] 24/2/2017 03:02

Sandeep, they are using one of the many rival ferry services, not all of which are rubbish, such as Sea Coach.

WSG has lots of competitors on this route

[sandeep67] 23/2/2017 22:46

So where are all the passengers going after they exit the airport.? If they can afford to fly, they can certainly afford a boat trip.

[graham1ty] 23/2/2017 22:23

Wynter, read the RNS it says full capacity is 9000 per month, and they are aiming for half of that.

I think passenger numbers will be between 5 on a very quiet journey and say 25 at the most. Averaging about 10 per trip. In fact, if 16 per trip is the target ( from the RNS figures) it might be an average of less than ten per trip.

Hardly packed. If the news was any better they would have told us

[broncowarrior] 23/2/2017 21:06

Decent update, they needed to put something out.