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 +1.85% 13.75p 13.00p 14.50p 14.25p 13.50p 13.50p 1,086,414.00 12:30:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 3.4 -2.0 -3.5 - 12.28

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Westminster (WSG) Discussions and Chat

Westminster (WSG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
27/02/2017 17:08:4513.7547,0006,462.50O
27/02/2017 16:30:0813.945,200724.88O
27/02/2017 16:14:5013.407,000938.00O
27/02/2017 16:13:1113.3963484.88O
27/02/2017 15:41:0713.9650,0006,980.00O
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Westminster (WSG) Top Chat Posts

DateSubject
27/2/2017
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 13.50p.
Westminster has a 4 week average price of 13.51p and a 12 week average price of 15.70p.
The 1 year high share price is 35.50p while the 1 year low share price is currently 4.75p.
There are currently 89,336,270 shares in issue and the average daily traded volume is 1,823,480 shares. The market capitalisation of Westminster is £12,283,737.13.
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. "
03/2/2017
08:41
followtheleader: wild billy boy I don't think you missed out at all. Lets pause for reflection on what has just happened. You haven't had any Middle East deal announcement and that's despite "post contract expenditure" statements to enthuse and it has to be said next month should be approaching a whole year since the Middle Eat MOU I believe was confirmed - G1TY can you confirm?) You haven't had any other MOU come to fruition. So its Darwin before any contract announcements. There's been a ferry start and not even an update on that. In fact there has been a couple of months with virtually no WSG news at all. What you actually have just been give is a confirmation that Darwin, the biggest detrimental influence on this companies share price for the last few years, are now active on the share again and will be shorting WSG shares ahead of conversion. The most recent RNS January's says to me Januarys conversion allocation has been done and we should now be into Februarys. Forget 20p's and charts pointing skywards. If you want Darwins short sold / conversion shares then keep buying them. When they've finished their business you hold and they don't. They only retain free carry of warrants. Its hardly a cause celebre.
01/2/2017
16:53
someuwin: 1 February 2017 Westminster Group Plc: Issue of Equity and Total Voting Rights Westminster Group Plc ('Westminster' or the 'Company'), the AIM listed supplier of managed services and technology based security solutions to governments and government agencies, non-governmental organisations (NGO's) and blue chip commercial organisations worldwide, announces the issue of 2,228,367 ordinary shares of 10p each ("Conversion Shares") pursuant to the conversion of loan notes by Darwin Capital Ltd ("Darwin"). The Company has received a notice of exercise by Darwin to convert £300,000 zero coupon senior unsecured convertible loan notes, as detailed in the announcement dated 22 November 2016, into equity. The conversion price for these loan notes is 13.462773 pence; calculated as the lessor of i) 65 pence and ii) 90% of the arithmetic average of the five lowest daily volume weighted average share price calculations per ordinary share out of the ten trading days prior to conversion. As detailed in the Company's announcement on 22 November 2016, the parties have also agreed to certain limitations on conversion volumes throughout the duration of the loan notes. The balance outstanding on this loan is now £0.9m. Application will be made for the Conversion Shares, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM. It is expected that admission will become effective and that trading in the Conversion Shares will commence on or around 7 February 2017 ('Admission'). Total Voting Rights In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company hereby announces that following Admission it will have 89,336,270 ordinary shares of 10p each in issue, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 89,336,270. The above figure of 89,336,270 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
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 !
26/1/2017
14:36
followtheleader: G1TY. I don't necessarily think the foundation was a bad thing as you have to put money back into the community and worthy causes and this seems fitting. In any case the amounts are small and you couldn't buy advertising for that money. What does though concern me is that it has now been 2 months and 4 days since the company got involved with Darwin for post contract expenditure etc. I am just wondering at previous burn rates how long it would take for the company to get through these monies. Also on another note it is no secret that yet again involvement with Darwin has savaged the company share price. Would the share price not have been far higher if they had done as say Fitbug has just recently done (25/1) which was raise to raise £1Million by way of a placing? Say off a 30p starting point. I am no financial expert but surely off that level even if say it was at a discounted 25p rate that would have been a less dilutive route?
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.
13/1/2017
19:47
saucepan: On Target: thanks. Seems I don't know what I am talking about here; not following closely enough. WSG is only a passing interest for me these days - more curiosity than anything. I am not likely to reinvest before a major contract lands, if at all. WSG has been too much of a serial disappointment, for me to give it the benefit of the doubt any more. I also cannot get my head round (a) Darwin's role and the extent to which there will continue to be selling into any strength; and (b) when/if WSG is going to run out of funds again and go cap in hand yet again from a position of weakness. For those who have kept the faith I will genuinely be delighted for you if a big contract does land before further bad news and/or share price collapse.
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
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.
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