Share Name Share Symbol Market Type Share ISIN Share Description
Westminster LSE:WSG London Ordinary Share GB00B1XLC220 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25p -1.37% 18.00p 17.50p 18.50p 18.25p 18.00p 18.25p 171,567.00 09:43:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 3.4 -2.0 -3.5 - 15.68

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Westminster (WSG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09/12/2016 16:22:0417.583,169556.95O
09/12/2016 12:02:4017.668,0001,412.80O
09/12/2016 11:27:0317.6612,5002,207.50O
09/12/2016 11:21:3417.5020,0003,500.00O
09/12/2016 10:53:4317.694,361771.24O
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Westminster (WSG) Top Chat Posts

DateSubject
09/12/2016
08:20
Westminster Daily Update: Westminster is listed in the Support Services sector of the London Stock Exchange with ticker WSG. The last closing price for Westminster was 18.25p.
Westminster has a 4 week average price of 19.57p and a 12 week average price of 24.78p.
The 1 year high share price is 35.50p while the 1 year low share price is currently 4.75p.
There are currently 87,107,903 shares in issue and the average daily traded volume is 437,529 shares. The market capitalisation of Westminster is £15,679,422.54.
22/11/2016
13:13
loobrush: lse comment Opinion: Strong Buy Price: 16.125 View Thread (6)Loan note terms-detailToday 12:48Reading the RNS carefully I have noted the following. The loan is such that it is not all issued at once,WSG can take it as required in £25,000.00 bites. Conversion terms of loan are- no conversion before January 1st. After January 1st conversion to be at the lesser of 63p per share or 90% of the average of 5 lowest days out of the ten preceding conversion. So to me it is clear that WSG are expecting AN ORDER PRIOR TO XMAS in which case either they can pay of theamount of loan drawn or the price Darwin can convert the loan at will be much higher than todays price. Also they don't have to take all the loan if they don't want to. Darwin also have warrants converible at 28p The loan is very flexible in that basically WSG pay 10% for all they borrow, but they could borrow nothing or the whole amount. Whilst Darwin will get 10% on all borrowings, if the share price takes off prior to Xmas they wiuld have to pay 28p to exercise the warrants and the loan could be converted (terms as above) ata discount to the share price then. So there is no reason why the share price should have dropped so much today in my view as this is all pointing to WSG expecting a deal before Xmas. As this loan with Darwin was also agreed with their major shareholders they must have information that indicates this will be so. Its a great 50-50 gamble that they will achieve this-so I have added to my holding-the next weeks prior to Xmas should be very exciting
22/11/2016
12:56
followtheleader: I have hung in valiantly here despite getting more and more concerned at the lack of definite progress and despite Letter of Intents, final hurdles being tackled asap, final negotiation stages etc etc and ferry disaster after ferry disaster. Todays RNS has been the killer blow for me and I have sold up all of my holding. Fortunately I bailed out in several tranches shortly after the market opened. The word Darwin and Convertible Loan notes are a complete disaster for the Westminster Group share price. Just look what happened last time 30p to about 5p. I just simply cannot understand why anyone would revisit that route again. They could have gone for a Rights Issue or an Open Offer or indeed crowd funded off existing investors. The ferry also concerns me deeply for I think it will be at least a further year or so before it gets established and makes any money and then again all the time you will be hoping and preying that it doesn't hit any more obstacles. The company just seems to drop one clanger after another and gets deeper and deeper in debt. It just becomes increasingly harder and harder to see any light at the end of the tunnel. I hope for all sakes I have misinterpreted things here, but I have a feeling I may end up being right. I managed to sell first thing in several tranches so have made good money but I have to say I wont be getting tempted back in any time soon. Best of luck if your still invested. Looking at the graphs for when Darwin were last involved with WSG I think you may need it.
02/11/2016
08:47
saucepan: basem1 re post 12100: Re my comment about other opportunities. I was referring to situations where news is likely imminent​ or fairly imminent that could markedly change the share price. e.g. a WSG scenario. I think these are more reliable opportunities in that WSG seems to be a serial disappointer on the news front, whereas in these cases news good or bad is more likely to happen. They happen to be in the resource sector. Expecting drilling to be confirmed in November: COPL, PXOG, HUR; then later excitement re drilling outcomes. HMI: commencement of mining announcement expected. AMER and TOUL also likely to be news driven towards the end of the year. They may be worth looking at. No advice intended. I currently hold all. I am not normally a commodities/mining investor, but the sector looks to me like it has ended its bearish cycle and a bull market is returning - so an opportunity to invest with a rising tide.
27/5/2016
10:06
misty12: Well just back. I've been thinking about the remarkable timing of yesterdays RNS. Now I might be cynical in my old age but that RNS really did save this companies bacon. Now today following the RNS just now, Darwin out? It just all seems a little to "well timed" don't you think. If this Co goes on and actually converts this latest ramp RNS then so be it, well done BOD. If on the other hand they are still empty handed in a few months time then I think an investigation is called for into these RNS content over the years and how share price Angel sign them off? ALL IMO Critical by the way that the share price remains above 10p. Otherwise the ugly head of capital re structure will be back and share price will plummet
26/5/2016
10:16
graham1ty: Some one wanted my view.......if WSG really gets this contract, then we'll done all LTH. And I will eat humble pie and admit that a tinpot, bankrupt little company can beat off any other company in the world. The other side is that we have heard this all before. They have signed no other ( substantial ) contract in five years. They have done TWENTY fundraisings for over £15m to get here, and sold their souls to Darwin. In most substantial contracts the client will do a little due diligence, and I would be suprised if WSG passed all the tests. Secondly, we know from Lungi that it takes a year or two to get in the hot seat and there is a reasonably substantial cost upfront in gearing up, recruiting, systems etc, probably a few million. Lastly, in hindsight, the SL government should have insisted on some kind of performance bond for the ferry, because let us face it, almost two years into the contract there is still not even a floating boat. So, might there be questions as to whether WSG can deliver on the new contract ? Their record is not good. So, a performance bond probably. I guess WSG might need £5m to get them through to this contract ramping up ? We have been here before. The share price was taken up to 100p on the back of an "imminent" contract. The Board have a history of wild claims on the pipeline. This announcement is so terribly convenient just before a fund raise. It will get taken higher by LTH desperate to get the share price up to their average purchase price, for many in the 30s, but for some in the 70s or 80s, so all the bulletin boards will be bullish for months. We shall see. Not for widows and orphans. I would guess at a fundraising immediately, awful results, then silence and a slow disillusionment as nothing happens. But then what do I know ?
18/5/2016
07:18
misty12: even more was/is Ian Selby lack of understanding how Darwin destroy sentiment and in turn collapse share prices. He actually thought the deal was good! go figure. I think Barby, you make a good point around the need for restructuring. Surely a placing at Share price or a premium would have been possible if anything in the fantasy MOU league table was close. Make no mistake this placing will be at a massive discount to current share price (IMO obviously). City has WSG by the knackers and its not going to be pretty imo.
12/5/2016
06:26
g1g4lo: And LSE poster cannot understand why it's nominal share price will reduce from 10p to 1p Placing, CLNs etc can be raised from 1p upwards and not 10p. I expect at least a 30% drop in share price today and will hit an all time low. I think around 3 to 4 years ago, the share price hit 7.875p. Expect below 7p today
22/4/2015
12:12
misty12: Stevie- Darwin are not in the business of "investing" or "holding" through this type of scheme. They are totally "risk neutral" Heres some press coverage "EFFs essentially work like a line of credit, repayable in shares instead of cash. Darwin and other EFF providers agree to supply a listed company with an amount of cash they can draw down in small tranches at their discretion over a period of a few years. So, rather than trying to raise, say, £5m or £10m from hard-to-tap capital markets all in one go, companies can drip-feed themselves money from an EFF. They don't have to repay the line of credit using shares priced at a large discount, either - instead, whenever they draw down, the company issues new shares at or near the prevailing market price. They also don't have to use the facility if they don't need it - usually no fees are attached. The catch is that Darwin typically short-sells shares of the listed company in the open market just before a draw down occurs. It then gives the short-selling proceeds to the listed company in return for shares, and then closes out its short position with the new shares issued by the company. The end result is often something what Darwin’s chief executive, Anand Sambasivan, calls "risk neutral", whereby Darwin has limited or no exposure to shares in the listed company despite just giving them hundreds of thousands of pounds in exchange for an equivalent amount in shares. Darwin profits by taking a percentage cut of the transaction, plus whatever it can make from the spread between the short-selling price and the issued price of the new shares. In addition, Darwin is usually issued warrants when signing the EFF, so if the listed company’s share price were to rise afterwards, then it could make money on those, too." "The companies that are willing to agree to financing on these terms are often desperate and could not obtain funding through any other means. The terms, though viewed by some as onerous, give the lender a potential way to recover their debt regardless of what happens to the shares of the company. The lender would have a potentially greater gain if the shares were to increase in value but if they do decrease in value, there is some protection. If this were not the case they would probably not be willing to lend the money given the poor risk profiles of the companies interested in this type of financing." "This type of loan is undertaken by companies that desperately need cash. It is called a death spiral because companies' stocks often plunge drastically after they take on these types of loans. It is important to note that death spirals often allow buyers to convert the bonds into shares at a fixed conversion ratio in which the buyer has a large premium. For example, a bond with a face value of $1,000 may have a convertible value of $1,500, which means that a bondholder will receive $1,500 dollars worth of equity for giving up the $1,000 bond. However, upon a conversion, more shares are created, which dilutes the share price. This drop in price may cause more bond holders to convert, because the lower share price means that they will be receiving more shares. Any further conversions will cause more price drops as the supply of shares increases, causing the process to repeat itself as the stock's price spirals downward." The important part of this RNS is the following statement "90% of the arithmetic average of the five lowest daily volume weighted average share price per Ordinary Share out of the ten trading days prior to conversion.
05/8/2014
16:21
saucepan: I am not a big fan of TW, but I think he makes a good point here: hTTp://www.shareprophets.advfn.com/views/7003/westminster-group-insider-dealing-ahead-of-placing-why-are-the-city-spivs-allowed-to-get-away-with-it (Sorry, it is necessary to register to read). I have written to the FCA to express my view. The more people that do, perhaps they might just take notice. There will be a lot of overhead resistance with the WSG share price for the foreseeable future, I suspect: private investors desperate to get out at break even, and those who picked up cheap shares selling to book their profits. This was the final straw for me and I won't be trading WSG again. The charts did indeed give an early warning that something was afoot.
11/7/2014
13:40
saucepan: Hi eeza I first started building a position in WSG at around 16p levels and rode up into the 80s. I sold out when 80p failed. I tried buying back when it looked like things were bottoming at 70p, but sold out when 70p failed - so that was an unsuccessful trade. Yes, I am only just buying back in again. Re your query on Weinstein's approach: For me, whether to sell up or reduce on a break of the 50 day moving average is still an intuitive decision rather than a hard and fast rule. I would definitely sell up if the 150 day MA is breached. Sometimes I wait for a two-week candle to form below the 150 day MA as confirmation rather than the first day a stock falls through the 150 day MA - just in case there is a quick spike back up. I once read that it is good to think of support levels as a "mattress" (thus with a bit of give and spring) rather than as a rigid line. I think there is something in that. As to WSG currently, yes: you are right, the WSG share price is not yet above a rising 150-day MA and nor has the 50 day crossed above the 150 day: so this is not a strict "Weinstein" trade for me. However, having followed WSG so closely for a long time, I like to think I have a bit of a feel for it and I liked the current risk reward set up. My first entry point has a stop below 50p. I added again today on the basis that 60p looks as if it could be offering support. I'll ride momentum while it is there, but would not hesitate to get out quickly if the trade goes against me. I still have considerable bearish reservations about the WSG story even though I also like the bull case. However, it is what the market thinks, not me - and it does look like buying interest is returning judging by the turn up in the chart.
Westminster share price data is direct from the London Stock Exchange
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