Westminster Share Discussion Threads

[followtheleader] 22/11/2016 12:56

I have hung in valiantly here despite getting more and more concerned at the lack of definite progress and despite Letter of Intents, final hurdles being tackled asap, final negotiation stages etc etc and ferry disaster after ferry disaster.

Todays RNS has been the killer blow for me and I have sold up all of my holding. Fortunately I bailed out in several tranches shortly after the market opened.

The word Darwin and Convertible Loan notes are a complete disaster for the Westminster Group share price. Just look what happened last time 30p to about 5p. I just simply cannot understand why anyone would revisit that route again.

They could have gone for a Rights Issue or an Open Offer or indeed crowd funded off existing investors.

The ferry also concerns me deeply for I think it will be at least a further year or so before it gets established and makes any money and then again all the time you will be hoping and preying that it doesn't hit any more obstacles.

The company just seems to drop one clanger after another and gets deeper and deeper in debt. It just becomes increasingly harder and harder to see any light at the end of the tunnel.

I hope for all sakes I have misinterpreted things here, but I have a feeling I may end up being right.

I managed to sell first thing in several tranches so have made good money but I have to say I wont be getting tempted back in any time soon.

Best of luck if your still invested.

Looking at the graphs for when Darwin were last involved with WSG I think you may need it.

[graham1ty] 22/11/2016 12:55

I note that the new Non Exec James Sutcliffe is also on the Board at SPL, SKIL ports......so he has experience of companies operating overseas, who lose all their clients money and need refinancing frequently !

[neo26] 22/11/2016 12:26

Maison is a tw@t.

[letmepass] 22/11/2016 12:24

Ala do you remember AFREN. do not be so naive when dealing with Africa

[kreature] 22/11/2016 12:18

it's difficult for me to read the RNS....it just reads like white noise to me . EA airport blar blar blar. I tend to zone out on bs.

[someuwin] 22/11/2016 11:32

New Aviation Security Training Contract Award – North Africa

22 Nov 2016

Westminster Group Plc announces that its sister company Westminster Aviation Security Services Ltd has secured a new contract to carry out Aviation Security Screening Training at an undisclosed North African Airport.

The training delivery will follow a mixture of ICAO, EU & UK Department for Transport practices and will be compliant with the UK National Aviation Security Training Programme together with local and national legislation..

Westminster’s experience, expertise and international presence means companies and governments around the world, such as this, are able to procure specialist aviation security training services and equipment from a known and trusted source with confidence.

[someuwin] 22/11/2016 11:23

Buy for the bounce imo.

Darwin can't convert any until next year.

[neo26] 22/11/2016 11:20

once the mkt loses trust in a stock its punishes it dearly..

[alamaison5] 22/11/2016 11:14

alamaison5 21 Nov '16 - 14:22 - 454 of 462 0 0 Edit
PMO is shorted at more than 4.25%.

Well I saw lots of shorts closing today so I am in with £4k.
Expect a massive UT trade.
Oil price going up. All bodes well.

Made £240 so far...

[alamaison5] 22/11/2016 11:11

See me @:

Lots of charts, tips, winner on this board.

[alamaison5] 22/11/2016 11:10

Is he stocking me again, lol?

JacobEngel 22 Nov '16 - 11:02 - 117 of 118 0 0 (Filtered)

[loverat] 22/11/2016 11:09

Darwin always seem to tank a stock they get involved in. Just their very mention is enough to knock a huge percentage off.

[tsmith2] 22/11/2016 11:05

Death spiral.. for a good reason

[tsmith2] 22/11/2016 11:04

They (Darwin) have ever reason to short the share before hand...

[jacobengel] 22/11/2016 11:02

Almaison has zero credibility on Advfn and just read his posts on MAYA for that to be seen.Like I said earlier, if today's RNS was the Middle East contract he'd have proclaimed not only his holding but a a significant top up yesterday.So he sold all of his stock yesterday PRIOR to today's bombshell and yet on Friday posted about a short time line to the airport contracts and the fact he had another £5k sitting by to buy? Let's just agree he's a virtual trader, liar and fantasist... alamaison5 - 17 Nov 2016 - 09:08 - 71 of 114 - 0I lied: Got 30,000 instead, lol.Got another £5k set aside at 22p, but I doubt that this will reach that silly level again.Offering WSG £0.2177 for 55,000 shares.

[broncowarrior] 22/11/2016 11:01

A fundraising was always going to be required. The warrants though have a 28p strike which is not almost double where the price is now and the CLNs have a cap of 65p or the dreaded 10 day avg.

These projects are significant and require capital, anyone thinking they didn't is in dreamland.

[graham1ty] 22/11/2016 10:56

Alamaison, so you did buy some at above 16p today ? So, you want it to fall to 10p so you can average down ?

[youkme] 22/11/2016 10:56

pmsl ok mate, I believe you lol

[alamaison] 22/11/2016 10:53

WSG: I sold the lot yesterday mate, sorry.
Got few WSG at 16+ today.
Sold some (1/2) of my PMO at 59.75p and hold 10,000 LEK.
See you at 10p, lol.

[worrier] 22/11/2016 10:53

You have to make sure the board get paid. Number one priority....

[youkme] 22/11/2016 10:45

alam; good post pmsl. what about the shares you said you bought though? ah don't tell me you sold them for 18p when no one else was looking.