Westminster Share Discussion Threads

[tidy 2] 26/5/2016 08:42

Westminster Group soars as it closes in on major airport dealShare 08:08 26 May 2016Shares soared as a Middle East authority agreed in principle to engage the company to provide services that could generate in excess of £30mln a yearProactive

[tommyb81] 26/5/2016 08:39

Hi Misty, was up Tryfan last week. Beautifal part of the country. Enjoy.

I think the positive here for WSG it's a letter of intent following MoU and GAP analysis. Don't think it's "in the bag", but shows progress.

[misty12] 26/5/2016 08:35

3p; thats because you have seen it all before. Look at LSE though and they all think its in the bag and a done deal, so the cycle starts again. Well done to those that had the balls to buy yesterday, I really thought it was curtains.
Anyway Snowdon to walk, see you tomorrow chaps

[misty12] 26/5/2016 08:32

kreature; they cannot get a placing away though below PAR value.
Very very good timing by the BOD don't you think lol

[threeputt] 26/5/2016 08:31

Is 'letter of intent' the new 'mou' ?
I'm not buying this
no news on ferry

[kreature] 26/5/2016 08:27

Down to whether you believe or not now. Personally I believe there will have to be a placing before the final results

[someuwin] 26/5/2016 08:14

Will multiply from here in short order - imo.

[misty12] 26/5/2016 08:08

someuwin; they haven't signed anything mate. This is just a letter of intent. With WSG track record, how long to actually sign?

[someuwin] 26/5/2016 08:07

Look back to the start of 2012 to see what happened when they signed their first (and only) airport.

This new one is many times larger.


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[kreature] 26/5/2016 08:07

How many would have bought shares this morning but for all of the other RNSs that have come to nothing?

[misty12] 26/5/2016 08:04

Very good timing by the BOD lol don't you think? GLA

[someuwin] 26/5/2016 08:00

Looks like very good news.

[misty12] 26/5/2016 07:58

mind you lol

""While there can be no certainty as to the timing or final outcome of contract discussions, the receipt of this Letter of Intent is an encouraging step and demonstrates the progress that we have made to date. This, and progress on other long term contract discussions, gives us confidence that our strategy will deliver more positive results in the future."

Where have I heard that before? hmm let me think. Market will like it though until in a few months and nothing signed still imo

[wynterwilde] 26/5/2016 07:54

Obituary

It would seem my obituary as posted by Graham et al is somewhat premature

Regards, WSG.

[kreature] 26/5/2016 07:50

and for my next prediction; placing by the final results

[misty12] 26/5/2016 07:47

kreature; lol, yes mate. All good to me. The most important RNS today was the funding one. It clearly shows they have more money than we thought and can wait for the AGM to organise.

[kreature] 26/5/2016 07:32

I knew my 10956 post was a good idea

[graham1ty] 26/5/2016 07:11

So now we have Letters of Intent. Better than MOUs, but really of what status at all ? £30m would truly be game changing.......or is this all a further WSG misleading ramp ?

And financing may be done without an immediate restructuring......that implies that it can, short term, be done without a circular, so either above 10p or not ordinary shares........another suggestion the price should be higher.......

And suggesting the AGM will be on 30 June. Fine, but how about the results first. How about an update on the ferry. How about current trading ?

All smoke and mirrors and no one any wiser

[kreature] 25/5/2016 15:31

perhaps it's drifting somewhere? Final results any day now?

[misty12] 25/5/2016 15:26

Where is this share price ferry by the way? No pictures on the site and no listing on any web search? hmmm

[alphapig] 25/5/2016 15:07

Kreature, there's no need to try and deramp it here, try over on the lse Bob, lol!

[misty12] 25/5/2016 15:06

Kreature 22 April 2015 RNS

" From 1 May 2016, Westminster is required to prepay 3 loan notes every month at 105% of Par Value, equivalent to £78,750 and these monthly repayments will mean no further equity issue from this instrument. "

Unless something has changed? Couple that with the £40k loss per month, then couple it with the markets total disbelief that anything that the BOD says. Your money mate

[kreature] 25/5/2016 14:59

Did someone say that there is 75k to pay per month from around now, or was I imagining that? Is that the problem? I'm considering a punt but not if there's no hope

[misty12] 25/5/2016 14:26

kreature; everyday (like right now) traders think its the bottom. There is no bottom until funding is sorted imo What are the BOD doing?

[kreature] 25/5/2016 12:16

I'm wondering , will this be worth a punt at some point? Say 2p? Isn't there still the possibility of a new large contract? Or are we looking at the end of the road here? Thanks