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 -2.08% 11.75p 11.50p 12.00p 12.00p 11.125p 12.00p 789,936 14:25:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 3.4 -2.0 -3.5 - 11.51

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DateSubject
30/4/2017
09:20
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 12p.
Westminster has a 4 week average price of 9.88p and a 12 week average price of 9.88p.
The 1 year high share price is 35.50p while the 1 year low share price is currently 4.75p.
There are currently 97,993,420 shares in issue and the average daily traded volume is 3,143,610 shares. The market capitalisation of Westminster is £11,514,226.85.
19/4/2017
12:48
pwhite73: No it is not both because the cash raised should lift the market cap and share price accordingly. For example let's say instead of raising £1 million at 10p WSG raised £10 million at 5p. The market cap would rise to reflect the company had an extra £10 million in the coffers but the value of your stock would be half of what it is today. Dilution is a bogus argument for thick heads who don't understand what's going on. It is the price of the new stock that kills you.
06/4/2017
10:42
saucepan: I thought "Buyers [were] all over it" tradermick1, and the share price was going to the moon? Funny, too, how the chart looks good when you turn it upside down. Sorry to sound flippant, but having followed WSG for many years, I have seen a lot of naive investors turning up here only to see WSG continue to disappoint. Not saying you are one of them, but don't risk money you cannot afford to lose. As far as I can ascertain, the strength of the downtrend has never appeared worse.
30/3/2017
15:00
youkme: I'm not sure what will happen to be fair. They did issue a statement via a RNS to say that "Also, in order to provide additional financing flexibility and due to the Company's share price recently trading around or below its nominal share price of 10p, the Company is currently finalising plans for a capital reconstruction to reduce its nominal share capital to 1p. The Company will shortly issue a circular to shareholders with full details. The proposed change in nominal value will be subject to the passing of certain resolutions at a General Meeting." Thats dated 12/5/16.
06/3/2017
17:16
abergele: someuwin, ah yes, daft me forgot the dilution,I should have remembered it, as a couple keep banging on about it to the detriment of holders... Still doesn't explain how these m/m's have walked it down other than the dilution has affected the share price...but how many times can they readjust share prices to suit themselves,when no doubt we had a drop when that specific news met with our eyes and ears...crooks,
16/2/2017
15:54
youkme: just having a read through some of the rns that wsg have put out to the market, makes you laugh, really does (you should have a read rampers, might learn a thing or two) How long before this rears its head again? "Also, in order to provide additional financing flexibility and due to the Company's share price recently trading around or below its nominal share price of 10p, the Company is currently finalising plans for a capital reconstruction to reduce its nominal share capital to 1p. "
27/1/2017
11:12
graham1ty: It is extraordinary there has been no announcement of conversion by Darwin. The original RNS said that at 21.75p there would be issued about 6% more shares. On current issues capital of 87.1m that would be about 5.2m shares. However, that was not quite right as Darwin gets shares at a 10% discount, so when WSG quoted a 6% issue at 21.75p, it should actually have been an issue at 19.6p, and about 5.8m shares needed. But what now ? At 14p, Darwin can convert at 12.6p. That is nearly half the level of the illustration they gave, and at that level about 9.5m shares are needed ( £1.2m divided by 12.6p) which is 11%'of the current issued capital. But look at the number. This means they have to pre-place ( forward sell) 9.5m shares ! Blimey, the share price is down a penny today on just 200,000 traded. Imagine where the share price will be once they start selling !
20/1/2017
13:44
followtheleader: 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.
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
05/8/2014
17:21
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
14:40
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.
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