Westminster Share Discussion Threads

[loveandmoney1] 28/2/2017 12:58

how much did you lose?

[youkme] 28/2/2017 12:54

love and money; another way of looking at it. If you have been lied too, face to face" and watched endless promises fade to nothing. Is it not admiral to try and warn others? If you don't like the posts you can ignore or filter. It should not concern you what is written one way or the other if you have confidence in your investment. And you concern for the advn nutters as you put it is noted, but does it matter? and why on earth should it bother you

[youkme] 28/2/2017 12:50

lol, theres another one sooo concerned pmsl. Worried are you?

[youkme] 28/2/2017 12:42

yes I think so. With all the confidence being shown can't understand why the feel the need to even point out such nonsense, but each to their own. Am amazed, I must say by the amount of people that actually believe this still though.

[graham1ty] 28/2/2017 12:39

Dr Poolittle sounds as if he needs some laxatives. Or just up himself

[youkme] 28/2/2017 12:30

Graham; lol, theres a lot of very concerned people about your health, maybe they are a little concerned about their investment mate! Well done imo, keep on telling it straight imo Bravo sir

[someuwin] 28/2/2017 10:42

Strategic investors on board to do the heavy lifting.

Recruitment happening now.

All the pieces are in place for big announcements to come.

"...As part of its growth strategy, and to facilitate some of its major project opportunities, Westminster has also now established two new European subsidiaries strategically located in Germany; Westminster Group GmbH, a 100% subsidiary of Westminster Group Plc, and Westminster Sicherheit GmbH, which has a 15% minority holding by strategic investors who will help provide financial and structural support for some of the major project opportunities."

[abergele] 28/2/2017 10:40

Graham1TY,
you never answered my three questions from the other day..
and yet you perceive to come back each day and give us a wealth warning,

why don't you go and do it on the BT boards as they have an issue with the public over landline charges,surely the investors there need a friend....as it may affect the shareprice,they were down a smidge today,,goo go

[ileeman] 28/2/2017 10:24

These trolls are idiots but funny.

[2magpies] 28/2/2017 10:24

Graham

It appears that this new investor has ignored your posts!

[on target] 28/2/2017 10:23

What's he going to be like once this starts rising proper? Hope he keeps away from the screen or has plenty of strong tranquilisers to hand!

[ileeman] 28/2/2017 10:21

Calm down you are going to give yourself a heart attack.

[graham1ty] 28/2/2017 10:19

And where does the money go. I have updated a little spreadsheet. In the last ten years PF has been paid £1.6m and SF £970,000. We know other family members are employed, so the Fowler family has trousered probably over £3m at least. No wonder they always run out of cash !

[youkme] 28/2/2017 10:19

On target; mindless ramping does not work here. Thats what lse is for. This company has consistently failed to deliver anything other than dilution time and time again.

[graham1ty] 28/2/2017 10:18

Just remind me what "other business". Revenue in 1H was just £2m. There is no "other business"

[ileeman] 28/2/2017 10:04

"other business"

[graham1ty] 28/2/2017 10:04

Youkme, it was just a short nine months ago they were almost bust, the share price was below 5p ( well below its nominal value), they announced cost savings, a strategic review, a share Placing looked impossible.

Since then they have raised £3m ( £1.3m to instos, £1.2m to Darwin, £600,000 today).

This is as you say cash burn gone nuts. All this talk of EBITDA positive is grossly misleading as this is a business that needs this kind of money, £3m in nine months, just to keep the lights on. It is staggering cash burn

[on target] 28/2/2017 10:02

They've given enough clues in the RNS's.

Spending required for the big ME contract.

[youkme] 28/2/2017 10:01

Why? Serious question. £1.2m from darwin in November,

[graham1ty] 28/2/2017 09:59

ILeeman they do NOT have other contracts. Lungi brings in a couple of £m revenue, the ferry probably less. The tech division is a quarter of what it was five years ago.

WSG have done 22 fundraisings, and they continue to burn c £500,000 to £750,000 per quarter. That is operating losses, investment and Capex. But still negligible revenue.

One day, they have to announce a new contract as this cannot carry on and on. It was just nine months ago they were almost bust, the share price was 5p and there nearly went under. In just nine months they have raised £1.3m from instos, then £1.2m from Darwin, now £600,000 from a new investor. That is over £3m in nine months, yet new contracts ? Nil, zippo, nada, zero.

There are no other (signed) contracts to fall back on. This cannot go on for ever

[on target] 28/2/2017 09:59

Nope. Think again.