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
  -0.50p -4.08% 11.75p 11.00p 12.50p 12.25p 11.75p 12.25p 232,091 15:12:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 5.4 -6.1 -5.6 - 14.29

Westminster Share Discussion Threads

Showing 15651 to 15670 of 15675 messages
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DateSubjectAuthorDiscuss
17/6/2018
15:59
Graham, yes, I tried to put some reality on there in relation to numbers and pretty much reflected your thoughts above, to no avail. My own calculations would suggest that even on revenues of £8m split 50/50 between Lunghi (high margin) and tech (low margin) and £5m of overheads they are still losing. They need another recurring airport before they can even dream of a profit imo.
threeputt
17/6/2018
14:07
Wonderful Maths on LSE. A guess at 2018 revenue of £8m on a 60% gross margin, is £4.8m, on a 10x multiple is £48m or 36p per share. However, Mike GP should go back to being a GP, as he has somehow forgotten or overlooked the £8.7m of admin costs that fall BELOW gross profit. So, on his numbers of £4.8m gross profit, you would actually end up with a LOSS of £3.9m. And that is BEFORE £630,000 of Finance cost, making a predicted loss of c£4.5m. Aagh, but that is unfair I hear you cry, what about adding back the boat write off and losses from discontinued ops ? OK, let us use just the Continuing operations. They reported admin costs of £5.1m and had finance cost of £630,000. So, on the good GPs own numbers, a 60% margin ( as if they will sustain that !!!) giving £4.8m gross profit.......would still be a loss of £1,000,000.....yes, a million
graham1ty
17/6/2018
13:39
It is amusing looking at the AGM statement from THREE years ago, 2015: “The Group has the following targets for the rest of the year: · Commence commercial operations for the ferry service, building on the momentum of the post Ebola recovery and increasing passenger volumes. · Sign a further airport managed services contract as well as growing and progressing the sales pipeline. · Technology Division to deliver substantial amount of the order backlog and win further new large deals as well as growing run rate business. We are targeting commencing 2016 with a substantial order book which will improve visibility on revenues. · Win business in the Americas directly and through franchise partners; continue to build stronger links with governments, UK Export Finance, UK Trade and Industry and others. · Use cash flows from customer contracts to reduce the remaining £1.4m of convertible loan note from Darwin Strategic where prudent to do so, to best manage dilution.” Well, they failed on EVERY one of those targets. And not just for the rest of 2015, but 2016 and 2017 and 2018 so far. Farcical !!!!
graham1ty
17/6/2018
09:42
Post 1324 Love the way that article's written, doesn't spare the 'English' and says it how it is. I'm always suspicious of any company who hires MP's to the board and tend to avoid them, I cant think of any company who's benefited from hiring such, except for the snout snuffling in the wage trough, the shareholders never benefit. WTG former QPP, has Lord Howard admitted to the free trough. Yet another rubbish business. Say no more.
owenski
16/6/2018
21:04
Written two years ago, but still worth a read if anyone has not seen it: hTTps://www.shareprophets.com/views/21843/new-westminster-group-ned-ex-tory-mp-tony-baldry-a-cv-of-shame-a-loathsome-pig
saucepan
16/6/2018
12:27
Graham, Excellent analysis. That is one hell of a lot of jam and an enormous number of tomorrows.
sweet karolina
16/6/2018
08:33
Every single MOU has been exaggerated. East Africa MOU, Nov 2012, delay 67 months Asia MOU, Feb 2015, delay 40 months "New country" MOU, Oct 2015, delay 32 months East Africa 2 MOU, Dec 2015, delay 30 months MIddle east 1 MOU, JAn 2016, delay 29 months Border project MOU, Feb 2016, delay 28 months Middle East 2, MOU and LOI, March 2016, delay 28 months. “Signed” but not operational That "adds up" to 254 months of aggregate delays, or 21 years wait !! Just shows that the MOUs are meaningless, unenforceable, and give no guidance at all as to likelihood or timing of receiving any contract at all.
graham1ty
13/6/2018
23:15
And ramping in motion. IMO. Trapped like rats in a barrel desperate for higher price to exit.Nothing will be signed imo, 7 years since the last gifted contract and NOTHING since. Please ask to see the Iran contract in the AGM, have a read of these characters, just want out imo Be careful, bad news is usually not far behind good. thats not imo, its fact, read the RNS feed
youkme
12/6/2018
06:00
Only until the next pump and dump imo.
youkme
10/6/2018
19:34
any news on the big boat? is the propeller working again?
kreature
06/6/2018
13:18
And cost of the Board ? Up by almost £80,000 to £623,000. Not bad if you can get it ! That is about 12% of Group revenue. Even the non Execs now cost £112,000. Are they really adding that much value ? And the Fowler’s, little and large trouser £320,000 despite overseeing the whole ferry debacle. Add in Joanna and Heidi and the Fowler’s must take out at least £400,000. Again, better to keep it in the family !
graham1ty
06/6/2018
13:13
LSE: “the Banbury HQ must be worth at least £5m” Er, actually, it was revalued in May 2017. This is from the new accounts: “The freehold property was valued professionally by Brown and Co, Chartered Surveyors, on 16 May 2017, which provided a valuation of £1,014,000. The valuation was made on the basis of recent market transactions on arm’s length terms and on an alternative use basis.“ But worse than that: “The Group’s land and buildings have been pledged as security for contingent liabilities incurred as part of the normal trading of Westminster International, see note 26.“. So, not exactly £5m
graham1ty
06/6/2018
06:23
Why do you think HSBC are the bond holders? Or is that just made up for the benefit of the ramptastic brigade? Who ever they are, one thing is for certain, 12% coupon and 25p convert price lol 12%! is that the best WSG can get with their "massive Pipeline"
youkme
05/6/2018
22:08
So why is hsbc happy to continue and roll. There’s no asset security. So they must be idiots, like the expert nomad with no memory . And barge pole armchairers. Byeeee
jimzi
05/6/2018
15:00
They can do it at the AGM if there is a specific resolution addressing it ( need to see the accounts and notice of meeting for that). Otherwise an EGM, and all the notice period needed to alert shareholders. It would be pretty sneaky if they had slipped a Resolution into the AGM without properly advising shareholders
graham1ty
05/6/2018
14:56
Can they reduce the nominal value at the AGM or do they need/have to call a EGM regardless?
youkme
05/6/2018
11:00
Who is going to be the first to mention the 10p nominal value again ?
graham1ty
05/6/2018
09:48
Another great day for Westminster shareholders!!
dbnout76
04/6/2018
13:26
Use google translate to translate the text from persian to English:https://www.radiofarda.com/a/iran-tehran-main-aiprot/29269547.html
yasharsad
03/6/2018
04:28
Westminster (WSG) Earnings-Reaction to Keep an Eye http://crweworld.com/Earnings-Calendar
danieldanj
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