Westminster Share Discussion Threads

[alamaison] 22/11/2016 10:42

So, no buyers at 16p (now broken).
10/8p is now my new target.
Sorry youkyouk, but this is a non-ramper board yes?

[alamaison] 22/11/2016 10:40

youkme is getting more and more aggressive and will end up shooting someone if he carries on, but not me that's for sure.
Try one of the bod, lol.

[bernieboy] 22/11/2016 10:33

Big sell order in which is why the price is still falling. 50k sold every 5 minutes or so....

[youkme] 22/11/2016 10:31

why don't you read the rns? the big boat isn't doing anything. because they want to run the service with the small boat firstly to test things pmsl. How do we know this? because the bod said so thats how, the same bod that said "never use darwin again" pmsl

[kreature] 22/11/2016 10:27

hello? is anybody there....give us a sign

[kreature] 22/11/2016 10:17

the bit about an EA airport I read as white noise - was there any news about the bigger boat?

[alamaison] 22/11/2016 09:54

alamaison - 22 Nov 2016 - 09:23:08 - 94 of 104 Not for rampers - WSG
No rush in buying back. See you at 16p.

[alamaison] 22/11/2016 09:47

Bought few at 16+. As I buy in tranches I am not to worry about Darwin.

[tsmith2] 22/11/2016 09:43

Darwin...period...ouch

[alamaison] 22/11/2016 09:40

PMO: Target 69p.

[luminoso] 22/11/2016 09:40

I sold out this morning for a little more than I paid for my shares in the end. Could have been worse. Darwin is a red flag for me. However would not rule out buying back for another punt, if they got ridiculously cheap. The boat is a complete non event in my opinion, but the middle eastern airport contract may still be in the offing. But for now, there are other attractions.

[alamaison] 22/11/2016 09:40

Come and see me in Cambodia at anytime, lol.
It's the perfect time, it's the end of the monsoon.

[alamaison] 22/11/2016 09:38

Absolutely right! Thumbs up.

[alamaison] 22/11/2016 09:23

No rush in buying back. See you at 16p.
PS: Take you frustration on the directors, not me.
xxx

[alamaison] 22/11/2016 09:20

I love u too. Would you like my child? I'll give you a thumb up for that.
xxx
PS: How's your new wife by the way, lol?

[saucepan] 22/11/2016 09:11

BernieBoy, as you mentioned my selling out: I did report that I bought a few back last week. However, when Hurricane Energy released its news on Friday, I felt the need to dump my weakest holdings to build my position there. WSG went again.

Hands up, therefore, I got a bit lucky in view of today's developments: but they were always on the cards. I had it in mind to sell, anyway, if 20p support was breached. What a basket case this Company is.

Edit: loobrush - but that is what they have been saying for years, destroying their credibility. It is perhaps instructive, too, that they avoided use today of the word "imminent". Contracts could still be months away, by which time one assumes they will need to be going back to Darwin yet again. And as for all the promises of Sierra Leone Airport and the ferry generating huge revenues - that is worth a tirade in itself. I expressed my fears many moons ago that these contracts might be on such low margins anyway, that no matter how high the turnover, WSG may still continue loss-making. Those fears seem to be well founded.

What if another huge contract does land? Will the margins be so poor that they just pile up the losses and need to keep raising cash?

Is anyone convinced that the ferry, if/when it gets up and running, will prove profitable/reliable? How many breakdowns will there be? WSG has simply no track record on which to build confidence. Quite the contrary.

Compare all this with a successful company such as Keywords Studios, which keeps making further earnings-enhancing acquisitions, funded in cash by the profits it generates. Moreover, comparing the charts says it all.