Westminster Share Discussion Threads

[graham1ty] 29/7/2016 07:33

Kreature, on this face of it, this is very positive. If contract discussions are almost completed, what can possibly go wrong ? It is also bigger and better than before. It must be exclusive if the contract is almost finalised ?

However, the ferry launch 14 months ago was also transformational and came to nothing.

I also note that the original Lungi deal was $150m over 15 years, or $10m per year. Well, after four years, it is still producing only c$2m per annum, and over 25% of the contract is now passed with no real profit.

For the new contract "a potential $30m per annum" must mean $30m at its PEAK level, so in quite a few years ? You would expect a contract to start much more slowly, and build up. However, even a fraction of $30m would be transformational.

On the face of it, today's RNS is very bullish. However, we have learned with WSG not to hold our breath....

[this_is_me] 29/7/2016 07:32

I haven't put my shirt on it either, however the 10 bagger seems more likely than bust so it is definitely worth the risk of a small investment particularly since it is not a one trick pony.

[someuwin] 29/7/2016 07:24

I notice that the ME airport project has gone from "up to 25 years" to "15 year+".

[saucepan] 29/7/2016 07:23

Surely even WSG's management are not going to make statements like that if all is to come to nought?

I suspect we do have a Phoenix rising from the ashes, but have not put my shirt on it.

[kreature] 29/7/2016 07:20

Are they exclusive discussions? Or are there any other security companies in the race?

[graham1ty] 29/7/2016 07:15

So, nothing to report except that the managed service contract is bigger, better, more exciting that ever.

Something for the Bulls, not much for the Bears. Except nothing is signed. Revenue remains tiny ( just £2m in 1H). The ferries are starting sea trials (......again).

If you believe they can convert, all is on track. And I assume this will be marked better

[kreature] 29/7/2016 07:13

So, not much cash, but nearly achived some stuff?

[worrier] 28/7/2016 22:12

"Expect an announcement on progress" to the optimist it means expect positive firm news on progress.

To the pessimist it means, they might issue a note on how things are moving ahead.
Remember this is AIM. Directors get away with this sort of holding RNS all the time.
Personally I'm hugely hopeful but have been in so many AIM stocks that overpromise and underdeliver....here I go again. Fingers crossed.
Worried

[bernieboy] 28/7/2016 12:17

Fair enough Stevie - should expect an announcement on progress before eod tomorrow then. Probably with no significant news....

[steviebaby] 28/7/2016 10:52

Bernie,

WSG didn't say the announcement was going to be expected news, they just said it would be a further announcement on progress.
Graham is probably right that, if there is one, it will just say that things are progressing with all the usual caveats.

I suppose the most rose-tinted could say that the reason they are leaving it to the last minute is that they expect something significant to happen imminently and are giving it every chance, but we've been there many times before.

The statement ..........."The Company is working closely in conjunction with the UK Government on this and other incremental opportunities identified in the country concerned and expects to make a further announcement regarding progress of this opportunity before the end of July 2016".

[bernieboy] 28/7/2016 08:35

Graham - I mentioned it in 11531. Have found over the years that expecting news by a certain date is only opening doors to disappointment. Who knows how long negotiations can take! Silly to put a timescale on it imo. Seen it time and again. Not long to wait to see how any RNS is worded now though. I hope for good news but certainly don't expect.

[graham1ty] 28/7/2016 08:14

No one is asking the question: what will the price do if the RNS is the usual WSG RNS "negotiations continue, decision imminent, with their Parliament, expect answer soon, not quite cross the line yet".

East Africa is four years late, most of the other MOUs are months late ( years late for the Asian MOU); the ferry is two years late; the Americas contract is late; the Mexican franchise revenue is two years late. Any betting man is not holding their breath for the end of July.....

[followtheleader] 27/7/2016 18:37

First pop in on Wsg for a week or two and from a corporate standpoint its not normally this quiet!!!!

I'm personally not that fussy about timings so long as their is active work ongoing, but have to say that due to the dearthly silence I think we might be getting very close to that one that has evaded for so long.

I've been a net buyer of these in the last week and might look tonight to set myself a 60p or higher limit order just in case something big does break and I'm out of the office.

[adthorn] 27/7/2016 08:47

Sells are matched by buys

[basem1] 27/7/2016 08:16

Selling in light of no contract news ?

[someuwin] 26/7/2016 12:22

Ticking up now.Just three days of July left.

[someuwin] 26/7/2016 10:26

Back up to level.

[someuwin] 26/7/2016 09:39

Not much available to buy again.

[steviebaby] 25/7/2016 22:40

Updated website or another chance for WSG to fail with the basics.

Very first section of Total Care says "at at NO COST" twice in the first two paragraphs. How much would it cost for a proof reader?

And no point anyone saying it's only details, because it's image, and so easy to get right.

So frustrating.

[someuwin] 25/7/2016 15:23

New website for Westminster Aviation Security Services Ltd.

25 Jul 2016

Westminster Group Plc is pleased to announce that its Managed Service Division subsidiary Westminster Aviation Security Services Ltd has launched an updated website.

[someuwin] 25/7/2016 11:09

Can buy £2k, but not £3k.

[someuwin] 25/7/2016 09:32

...Yup - and as long as you're holding when its announced.

[ianb5004] 24/7/2016 15:20

Doesnt matter if the share price goes up down or sideways before it

as long as the middle east aviation £750m/£30m pa contract is won by wsg.

Signs are it will be.

[bernieboy] 22/7/2016 15:55

Dangerous to expect positive news before end of July perhaps? An inevitable share price fall will come if we don't get the expected news. Not always easy to put a timescale on it. Happened lots of times to us with OPTI someuwin. Hopefully I am wrong and positive news will be with us in the next 5 trading days!

[mr.oz] 22/7/2016 15:16

Ferry service expected Q4 now