Westminster Share Discussion Threads

[alphapig] 23/11/2016 11:03

Good luck guys, personally need confirmation, but fair play to you bulls.

[someuwin] 23/11/2016 10:44

Very cheap now - as long as they deliver.

[lodgeview] 23/11/2016 10:42

I think there are some very big clues in the RNS that the contract(s) will be signed. The funding is there now. Huge overreaction yesterday. Mind you I am a contrarian investor...

[alphapig] 23/11/2016 10:35

Only if the 'big contract doesn't land by mid/late December and Darwin take the share price to 10p with loan notes outstanding and nothing to pay 'em back with.

[rcm222] 23/11/2016 10:28

But the possibility of a share reorganisation earlier this year was muted only to improve funding options. Funding has been secured now so why would a share reorganisation be needed now?

[lodgeview] 23/11/2016 10:27

Well I just bought 49554 shares here. I think there are some clues that the ME contract will be signed...You will see the delayed trade appear with a time of 10:24:32

[alphapig] 23/11/2016 09:17

The nightmare rns will be one pointing to a share reorganisation to reduce par value from 10p/share. Got away without doing it last time.

[bazildonbond] 23/11/2016 09:10

Quote "Clear evidence now that this is being shorted. The 3 x 50k sells just around 2.30." end quote, maybe they are just selling out while they can???????

[adthorn] 23/11/2016 08:08

Maybe it sunk and they don't want to announce it

[graham1ty] 22/11/2016 22:31

For goodness sake, even the rescue ship the Sierra Princess has now been in country for five months. How long can it take before you decide whether it can float ?

[graham1ty] 22/11/2016 22:29

Barpy, it beggars belief in any walk of life that two years is acceptable especially when they have exclusivity. If I called AO. And asked for a new fridge and it had not been delivered two years later; a service for my boiler and the bloke not turned up two years later; an Uber taxi, and I am two years late for my night out.

OK, so it is more complicated than that. I bid for the East Coast mainline, but two years later have run no trains. I bid for part of Crossrail, invite the Queen to the opening, but two years later, my diggers have not arrived; I offer a complete security solution at yr airport, but two years later, my blokes are still not on site.

I also say that I can afford to finance this and am financially sound. Then the client discovers I have run to the bank TWENTY ONE times. And they begin to doubt that claim, especially when they find yr main backer is Wonga. So, They check what else you have pulled in, maybe the boat is just bad luck, and they discover that there are imminent contracts, MOUs that have been waiting coming up to FIVE years.

If people were not holders, and Therefore re trying to talk this up, if it was a new IPO, a new investment proposition, then they would be laughed all the way to the door, the disbelief would be resounding. But there is a core shareholder base. Who paid 30p, 50p, 70p, 90p, who have to talk this up, who have to believe next week's contract will be the breakthrough, next RNS will prove all else wrong.

At the end of the day, judge WSG by what they have delivered. They have raised close to £18m over the last seven years and have got absolutely booger all to show for it.

[barpy] 22/11/2016 20:02

As Graham mentioned the 2 year anniversary of boaty macfowlup RNS was this week and was celebrated with no service and Darwin. Strange, its always November for the cap.
With two years under the belt lets look at the highlights;
Brought over from the crisp, deep, calm waters of the fjords of Norway.
Dignitary party number 1
strange picture of boat next to concrete ramp with someone swimming next to it
propeller / axle bent
Flight home and back
wait for dry dock
finally installed and back in water
Damage number two - reason - underwater item but now known as boat not moored correctly during a slight breeze
wait for dry dock
More repair work than anticipated - further strengthening required
Bought another boat
Sea trials - how long did that last, now known to be due to building the terminals
Dignitary party number 2
More sea trials and general waiting around - hired some expert
Getting ready for soft start after;
Dignitary party number 3

I think the original boat is pining for the fjords. So much time and effort, dilution, Darwin & bail out by HH, if it starts then there is no call for celebration, its been a nightmare.

[neo26] 22/11/2016 16:13

I don't even think the company it worth 13m at present, all huff and puff by the board.

[basem1] 22/11/2016 15:46

Clear evidence now that this is being shorted. The 3 x 50k sells just around 2.30.

[someuwin] 22/11/2016 14:01

New Contract Award Walk-By Metal & Cell Phone Detectors – Nigeria

November 22nd, 2016

Westminster Group Plc announces that its Technology Division subsidiary Westminster International Ltd has secured a new contract for the supply of a number of Walk-By Metal & Cell Phone Detectors to an organisation in Nigeria,

The unit is designed for the detection of contraband items such as cell phones turned on or off, weapons and metallic items located on a person or within body cavities or hidden in bags or briefcases etc.

It can be used covertly to screen individuals without their knowledge such as from behind walls.

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

[qs99] 22/11/2016 13:54

Graham were you not following SGI? Apols if wrong, just wondered what you thought of that now, and whether that may get bid for? some interesting moves recently IMO....and remember you being very cynical (rightly so) about its e-commerce and management at £2+....so you have called that right....apologies if wrong person!

[graham1ty] 22/11/2016 13:50

Someuwin, the SKIL price was once 250p and is now 11p. They flagged earlier this year they needed money, when the share price was north of 30p. They got the issue away at 10p.

Please do not pretend that SPL has been anything other than a complete disaster and Sutcliffe has been on the Board since the IPO.

[youkme] 22/11/2016 13:33

followtheleader; if you sold this morning and made money as well, then very well done indeed. best wishes for future

[graham1ty] 22/11/2016 13:15

Followtheleader I know I have banged on like an old scratched record. But at the end of the day this company has delivered nothing other than hot air. They bleed cash, and everyone seems to forget they have been back to raise more money 21 times, yes 21 times, since 2010. And outside Funders , whether banks or shareholders will,not fund them. So they end up back at Darwin.

And leaving aside fundamentals or prospects. Darwin have only one game, shifting trillions of shares to take their turn. They do not care if the share price is 16p or 10p, so massive selling pressure all the way down. And the RNS says potentially 6% dilution, but that is at 22p. Down at 16p it must be over 10% dilution and at 10p 15% dilution....and on and on.

[loobrush] 22/11/2016 13:13

lse comment
Opinion: Strong Buy
Price: 16.125
View Thread (6)Loan note terms-detailToday 12:48Reading the RNS carefully I have noted the following.
The loan is such that it is not all issued at once,WSG can take it as required in £25,000.00 bites.
Conversion terms of loan are- no conversion before January 1st. After January 1st conversion to be at the lesser of 63p per share or 90% of the average of 5 lowest days out of the ten preceding conversion.
So to me it is clear that WSG are expecting AN ORDER PRIOR TO XMAS in which case either they can pay of theamount of loan drawn or the price Darwin can convert the loan at will be much higher than todays price.
Also they don't have to take all the loan if they don't want to.
Darwin also have warrants converible at 28p

The loan is very flexible in that basically WSG pay 10% for all they borrow, but they could borrow nothing or the whole amount.
Whilst Darwin will get 10% on all borrowings, if the share price takes off prior to Xmas they wiuld have to pay 28p to exercise the warrants and the loan could be converted (terms as above) ata discount to the share price then.

So there is no reason why the share price should have dropped so much today in my view as this is all pointing to WSG expecting a deal before Xmas.
As this loan with Darwin was also agreed with their major shareholders they must have information that indicates this will be so.
Its a great 50-50 gamble that they will achieve this-so I have added to my holding-the next weeks prior to Xmas should be very exciting

[saucepan] 22/11/2016 13:06

Well spotted, Graham; nice one.

[graham1ty] 22/11/2016 12:59

New non Exec is I see also only the Board of SKIL Ports, SPL. So does he specialise in overseas companies that lose all shareholders money and need frequent fundraisings ?