Westminster Share Discussion Threads

[pwhite73] 18/4/2017 18:47

deanowls - "I really hope they get them but how long can shareholders continue to be diluted."

Dilution for AIM shareholders is never a problem. It is the discounted price that causes them to lose money. Fortunately for shareholers here this is no longer an issue because today's price is at the nominal value. They cannot issue shares any lower than today without a capital restructure.


Graham1TY

113 million shares is nothing. Most of these AIM companies are in the billions.

[graham1ty] 18/4/2017 18:40

Am in the Far East and only just arrived. Unbelievable. I had said the February £600,000 might last until end May. Did not realise it would run out within two months.

At the interims in Sept there were 68m shares in issue. There are now 113m. Issuing confetti at these levels so the share capital has almost doubled in six months.....and progress ?......zippo, nada, rien, apart from platitudes about progress.

Well, you have to admire their neverending fundraising skills

[jimduggen] 18/4/2017 18:17

Im trying to work out if central african republic is the contract.

Would make sense imo

[deanowls] 18/4/2017 18:07

I'd agree with the first point why would they allow a company that has to raise funds every three months? Current incumbant staff will need to be taken on, this is the Middle East and respect is to be given.

I've had ministerial chats about supply with four different countries during the last six months, I've procured nothing from those conversations, they do open doors for companies, every government has departments that support such initiatives.

I really hope they get them but how long can shareholders continue to be diluted.

[pwhite73] 18/4/2017 16:02

deanowls It works both ways. No client is going to enter into a 15 year contract or any contract where £35 million is paid out each year without certainty the level of service can be delivered. They will not sign on the dotted line just on a paper plan. As I stated such contracts are a work in progress. Interesting that you should mention G4S. It had crossed my mind a much larger company might be behind or associated with the contract. WSG stated negotiations are at ministerial level. Unless it's a lying carrot it does suggest to me more is going than they can let on at this stage.

[sapper2476] 18/4/2017 15:43

Oh I remember PWhite from many moons ago. Never let a good story get in the way of pumping or dumping a share....

[deanowls] 18/4/2017 15:02

Pwhite, where is this the case? I do procurement in the Middle East and no company would come and provide a service contract without a contract? Neither would I ask them to do so.

I stand by previous posts of security services resisting this change. Why keep adding in services and extending unless of course it is a tactic of dangling the carrot then getting the additional services for a nominal increase, I would also be seeking clarification on their ability to finance a ramp up, although to be fair they keep getting a equity raise away. G4s and serco would be all over this if their was a margin in it and they have large contracts and contacts in the Middle East already.

Any news on the Nigeria op yet, or the west Africa contract.

Tbh I really hope they get it for the long suffering shareholders, would I invest. No. Great reading over the years.

[2magpies] 18/4/2017 15:00

Pwhite

I see what you are saying.

But there isn't a contract at all at present.

Also, given that this contract has been near to signing for so long, one would've thought that the 'milestones' would have already been reached.

There isn't a lot of point giving partial achievement. Nothing is in until everything is in. No?

[pwhite73] 18/4/2017 14:51

2magpiesContracts of any significant size are a work in progress they are never complete. Assuming WSG are not telling bare faced lies as they deliver services to the client that part of the contract becomes complete. When all the services to the client are up and running that is when announcement of agreed services are announced. It is not the case the client sits down looks at the plans, costs etc then signs on the dotted line. In today's world it's delivered services first and then an exclusivity contract.

[dodge city] 18/4/2017 14:41

The question is how low will the share price go before a contract is announced.

[2magpies] 18/4/2017 13:55

It seems to me that the contract is not imminent, given that 'several' infrastuctre milestones have been achieved, or are close to being reached. That is, not ALL are quite there yet.

Why would a contract be awarded before that happens? Surely, only when everything is in place, the client can make the decision?

Just a thought.

[dodge city] 18/4/2017 13:54

Looks like onwards and downwards.

[on target] 18/4/2017 12:42

What a bag.

[mikeroot5] 18/4/2017 12:08

Onwards and upwards here, I feel

[mikeroot5] 18/4/2017 12:05

Great update from Trader Tim today on the WSG RNS - I agree there is a bit for everyone in there. For those that, don't believe will feel this is confirmation that the company is ailing. For the bulls, there is some optimism. An interesting update.

18th Apr: Trader Tim's Penny Stock Post - #MTFB #WSG
hxxp://tradertim.co.uk/18th-apr-trader-tims-penny-stock-post-mtfb-wsg/

[pwhite73] 18/4/2017 11:56

QA99Yes it's all down to the contract. What is also in their favour is that the British government is desperate to show the UK can do trade deals outside of the EU in preparation for Brexit.

[qs99] 18/4/2017 11:43

Pwhite i would agree. RNSs have to be verified IMO so making a false statement like that would get them into massive doodoo. Shame about placing, but only thing that will move this share materially North IMO is whether this big old contract gets signed or not. They have intimated it will be without saying so IMO in this RNS, but until RNS says it has, then risks on downside ....DYOR

[john henry] 18/4/2017 11:36

neo26 im surprised it isn't 8p already. Placing , dilution, placing, dilution. What you can be sure of is another placing and dilution in 6 months time.

[barpy] 18/4/2017 11:33

So a joint broker, share price angel run out of places to tap for money, isn't that always the reason for a broker change?

[neo26] 18/4/2017 11:28

I think this will go below 10p now..

[pwhite73] 18/4/2017 09:46

Generally these AIM companies can make up and say whatever they like. But they cannot claim to have British ministerial support in securing a contract if it were not true.

[jimduggen] 18/4/2017 09:27

A great entry price imo

BUY IMO

[jimduggen] 18/4/2017 09:26

Undervalued and when this moves it moves quickly.

[broncowarrior] 18/4/2017 09:24

Darwin gone which is good news. Obviously, they will sell those shares so will put a bit of pressure on the price but at least no more dilution from them.Not really interested in the airport deal having further expansion possibilities; just want them to get the original plan done. Really no visibility on what still needs to be done.If it does come off the price will lift to a quid but still a big if.