Westminster Share Discussion Threads

[graham1ty] 20/12/2016 03:02

Youkme, lots of us agree with the sentiment, but please restrain the language ! We do not want this board to be like LSE. Cold rational analysis of WSG will win over obscenities.

Anyhow, in about 2012 I bet someone on here that thee would be no contract by the year end, and the bet was £10 per days delay all to go to Save the Children in Sierra Leone ( this was even before Ebola). Anyhow they never took the bet, but Save the kids would probably be £10,000 better off if the bet was still open !

[youkme] 19/12/2016 22:55

Well its your call?

"If contract news comes this week"

Its the sort of tripe written on lse every single day!

The bet please

[followtheleader] 19/12/2016 15:42

Its not just the fact its nearly five years ago since the one and only and last airport contract, I honestly don't think I know a company like it that has so much work in progress and amidst the turbulent world that we have lived in for the last 18 months to 2 years, still can't bag one piece of work.

It does make you seriously whether these matters exist in the first place. All those monies expended and more debt realised and still nothing.

As things stand last year on reflection has to have been one where massive optimism was created and it would appear to be the same old story of yet more non-delivery and massive disappointment.

It is where it is for very good reason and will probably decline further. Then of course its also got Darwin to contend with.

[alphapig] 19/12/2016 15:38

Hope they don't run out of paddles.

[alphapig] 19/12/2016 14:42

Could be a new route for the sq, apparently bod were overheard talking about it going down the Swanee river. Nice touch if true.

[alamaison] 19/12/2016 14:17

8/9p next then, lol

[barpy] 19/12/2016 12:17

Last airport contract, I mean the only airport contract rns 20th Feb 2012, almost five years ago.
Only a few more days trading this year, then Darwin can really bring it down. Time for new blood, both financially and executive.
Post contract is the new imminent

[kreature] 19/12/2016 11:52

Any news on the bigger boat? Is anyone doing the dusting regularly?

[graham1ty] 19/12/2016 10:48

Darwin: espoused survival of the fittest.

Unless WSG announced a contract imminently, what did anyone think was going to happen to the share price ? There is a likely enormous seller, who does not care at what price, as they have millions of shares to deliver. No one else would buy while that is overhanging. So, absence of news, was bound to be a slide. Is anyone surprised that has fallen by almost 40% since Darwin came back on the scene . How could you pretend to be surprised?

I see some are clinging ( first to the tiny % chancenthat WSG might actually sign something) to the RNS words that the funding is for "post contract" expenditure....but why believe that phrase over imminent, last few details and all the other misleading rubbish in all the RNS ?

Simple: if they produce a contract this might survive. If not, in the next couple of months, Darwin will drive them to extinction. What a lovely irony !!!

[youkme] 19/12/2016 10:03

Sub 10 by week end? surely not. Peter said it was close pmsl pmsl

[followtheleader] 19/12/2016 08:57

Another week goes by and still no RNS off this Middle East LOI.

I was poised and had thought there might be something this morning, but not so.

Onwards to January and the prospect of a Happy (Darwin) New Year to look forward to.

Now happily waiting for a lower re-entry price.

[luminoso] 19/12/2016 08:38

Totally agree with your points re the SQ, Graham1TY. The point I was making was that some people never expected any ferry to sail and therefore a deal could still emerge from the middle east, however unlikely. Therefore I respect some people's decision to gamble on that possibility, even though I choose not to.

[graham1ty] 17/12/2016 07:25

Luminoso "the ferry is up and running now" . Well one is. And it is only a third the size of the Queen and cannot carry a plane load of passengers.

The SQ is moored somewhere. WSG have not mentioned her for months. She is an enormous white elephant. Somewhere in an RNS they admitted how much they had spent on her, think it was a couple of million. Plus infrastructure costs, plus repairs, plus prop shafts.

It would be more honest of WSG to just admit they bought the wrong boat, the lagoon is just too shallow and has too many sunken obstacles. Write it off and admit they were wrong.

[luminoso] 16/12/2016 16:46

Graham. I cannot argue with your points. However, with companies like WSG, serial disappointers, there is always the chance that one day they will hit the target.
I attach little or no value to the ferry, myself, but it is up and running now. Many on here thought it would never sail and ridiculed it. I believe its unlikely that the deal we are looking for will be signed before Darwin kick the share price in the groin, but I could be wrong. Its a gambling game, this, and some may feel its worth a punt at these levels and I respect that.

[graham1ty] 16/12/2016 16:26

Luminoso....."if a deal will be signed". The trouble with WSG is there are no deals and yet lots of promises.

About four years ago, when the "pipeline" was already over £750m in multiple airports I asked why they had converted none. Either they are lousy at converting anything, or the pipeline was meaningless. I could imagine a single email from Heathrow, asking what do WSg do, would go down as a prospect !!!

But, I exaggerate, there are MOUs and LOIs. But then again, none of those have converted either. So having waited for East Africa for almost five years, what, statistically is the chance of it falling the week before Christmas ? Or the Middle East, after two years, even with a LOI months ago, why now ? Why at all ?

[youkme] 16/12/2016 12:59

Tick tock, Darwin are coming :))