Westminster Share Discussion Threads

[matrix26] 26/5/2016 14:32

VWAP is 12.07p, so it seems majority of the buyers bought above 12.07p. Dangerous. The average basket today could be underwater.

[letmepass] 26/5/2016 14:29

Watch the late rise

[big bear billy] 26/5/2016 14:26

I think placing at 8p will be good for the company

[big bear billy] 26/5/2016 14:17

Placing usually comes at a discount to 30-60 days average price? Am I not correct?

[big bear billy] 26/5/2016 14:14

Grapevine?


followtheleader 26 May'16 - 14:11 - 11072 of 11073 1 0

Talk also of WSG being in the frame for a Namibian Airports

[someuwin] 26/5/2016 14:13

Correct on all points followtheleader.

[big bear billy] 26/5/2016 14:12

could retrace to 9p.

Profit taking. People are taking some chips off the table. Common sense and good practice

[followtheleader] 26/5/2016 14:11

Talk also of WSG being in the frame for a Namibian Airports tender due to close on the 6th June.

I'd be watch this space very closely.

More coming imo.

Recent terrorism events have changed the horizon

[letmepass] 26/5/2016 13:56

Yep theatre. Hopefully news coverage over next few days will give this another boost..

[kreature] 26/5/2016 13:52

AIM is theater, got to stick around for the best performances. imo

[letmepass] 26/5/2016 13:50

Happy to hold and add.. 30mill a year and mcap now less than 10.

[someuwin] 26/5/2016 13:37

15 million shares traded already - that's 21% of the company changed hands.

[kreature] 26/5/2016 13:28

If there's a placing and no contract........that would be, memorable

[graham1ty] 26/5/2016 12:49

This is a house built on sand......or the mud at the bottom of Freetown Bay

[kreature] 26/5/2016 12:39

fair enough

[zubes] 26/5/2016 12:22

This has legs to go higher today I think. Has a good base

[someuwin] 26/5/2016 12:19

Before the next rise

[kreature] 26/5/2016 12:17

Yes, straight after a 140% rise

[someuwin] 26/5/2016 12:00

Now is the time to be building positions here

[kreature] 26/5/2016 11:42

'I would guess at a fundraising immediately'
-----

bit too obvious. I would leave it a week or two

[graham1ty] 26/5/2016 11:16

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 ?

[someuwin] 26/5/2016 11:15

Total shares in issue 70 million

Shares traded today 12 million.

[bad robot] 26/5/2016 11:12

20p coming??

[someuwin] 26/5/2016 11:09

Today's £30m per year contract is just one. any of these others could land anytime...

WSG have Seven memorandum of understandings with governments and airport authorities around the world serving 10.6 million passengers per year.

Plus, they have a number of other airport security prospects at various stages of discussion.