Westminster Share Discussion Threads

[graham1ty] 19/1/2017 09:14

On target, on 12 Jan you said there would be "news tomorrow". Sorry, I missed it ? What was it ?

[graham1ty] 19/1/2017 09:13

Youkme, I just checked. Sorry, I got that wrong. It is 21 fundraisings since beginning of 2010

[on target] 19/1/2017 09:04

Talking of egg, there's going to be some on your faces very soon.

[youkme] 19/1/2017 08:54

christ is it actually 20 fundraisings! when does this sham come to an end? who needs to do what to expose this shower

[graham1ty] 19/1/2017 08:48

"If nothing is delivered before the next begging bowl, I would expect this one to tank".

I agree follow, but the thing that amazes me is that after 20 fundraisings, that could have been said after any one of the raises. Yet time and time again "strategic investors", HH or mug punters bail them out. What is different this time is Darwin. But if "our large institutions support us" going to Darwin again, more fool them for allowing this dilution.

I do not admire WSG contract signing, I do admire their ability to over egg the position and sucker in New investors.

[followtheleader] 19/1/2017 08:34

You make a valid point youkme

So much for the recent Darwin lifejacket being a quick fix to get the Middle East contract home and dry.

You can check out the RNS date for yourself but I make it that its nearly at the 2 month since then.

I do wonder just how much of the just over £1M is left.

Ferry start up, A new office in Europe. Additions to the Board of Directors and all those meetings, flights and accomodation and don't forget all those high level introductions also.

If nothing is delivered before the next begging bowl then I'd expect this one to tank.

[youkme] 18/1/2017 16:31

round of applause for the rampers everyone! the chartists, the traders and the "know it alls" lol, all helped darwin dump 200k yesterday imo, but who cares so long as a few make money?

[someuwin] 17/1/2017 14:42

January 17th, 2017

Westminster Group Plc announces that its Technology Division subsidiary Westminster International Ltd has secured a new contract for the supply of seven EOD Bomb Disposal Suits to an undisclosed European country.

EOD Disposal Technicians will wear these suits when carrying out reconnaissance of suspected explosive devices and when rendering safe confirmed explosive devices.

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.

[saucepan] 13/1/2017 19:47

On Target: thanks. Seems I don't know what I am talking about here; not following closely enough. WSG is only a passing interest for me these days - more curiosity than anything. I am not likely to reinvest before a major contract lands, if at all. WSG has been too much of a serial disappointment, for me to give it the benefit of the doubt any more.

I also cannot get my head round (a) Darwin's role and the extent to which there will continue to be selling into any strength; and (b) when/if WSG is going to run out of funds again and go cap in hand yet again from a position of weakness.

For those who have kept the faith I will genuinely be delighted for you if a big contract does land before further bad news and/or share price collapse.

[on target] 13/1/2017 16:34

The article is from 2015 saucepan.

[followtheleader] 13/1/2017 16:17

I cant see it myself.

I personally think its too big.

Knowing WSG it'll be somewhere in Syria, Lybia or Egypt.

[saucepan] 13/1/2017 16:10

noted; thanks.

[graham1ty] 13/1/2017 15:57

Saucepan, the Muscat link is off LSE. Someone over there has found a very very tenuous link via German company to Muscat. They speculate that this is the BIG one ! Presumably followed by Heathrow.

[saucepan] 13/1/2017 15:26

Good find, bazildonbond.

It confirms:

1) WSG have not won this one - so another prospect may have hit the dust (I am not sure myself whether this was one of their targets, but suspect it was).

2. That there is a lot of competition out there: (a) reducing WSG's chances of wining tenders; and (b) putting pressure on margins, even when contracts are won.

3. Preparing and submitting tenders, if that was the process here, is not cheap. Every tender lost is a lot of money down the drain.

I remember WSG having highs hopes of winning a major contract for Bangladesh. That was lost, too.

[bazildonbond] 13/1/2017 10:19

hxxp://timesofoman.com/article/66872/Oman/Transport/Thales-to-provide-security-solution-for-Muscat-Salalah-airports

[graham1ty] 13/1/2017 09:37

Loo brush: No

[someuwin] 13/1/2017 09:23

Good find loobrush.

Don't know if that will be a WSG contract or not.

But this coment backs up the WSG business model...

“Both the charges are not unique. A large number of countries have already introduced security fee and CUPPS charges long time back,” a senior airline official told the publication.

[loobrush] 13/1/2017 09:19

Will this be the first contract



"International passengers departing from Oman’s airport will also have to pay an OMR1 ($2.60) security fee.

Both the new fees will be added to the cost of airline tickets, with the security charge expected to be implemented from mid-January after being postponed from the start of the month."Would be nice to get a contract £35M/pa revenue maybe.

We will know soon enough.

[graham1ty] 12/1/2017 16:01

Ontarget, cannot be news tomorrow or this would be up 25%. This share is as leaky as the Sierra Queen.

[on target] 12/1/2017 15:35

News tomorrow.

[graham1ty] 12/1/2017 12:46

Oh, and 20 Jan last year was the "several airports in a country with high GDP growth country" MOU. So that is almost a year as well.

The East Africa MOU had heads of terms signed in Nov 2012, so that is 50 months late.

The Asian airports MOU was Feb 2015, so 23 months late.

The Oct 2015 MOU for a "priority country" is now 16 months late.

Add those up ( leaving aside bridges, borders etc, ) and I make it 101 months of cumulative delay !!!!!

[graham1ty] 12/1/2017 12:38

Follow, the Middle East Contract was announced on March 8, so just coming up to a year. The Letter of Intent ( intent to do what ?.....string everyone along ?)was on 26 May, so almost eight months ago.

[followtheleader] 12/1/2017 12:34

It doesn't look any different ontarget. The ME contract was announced early summer with the terminology saucepan mentions. Still nothing.

Most are growing wearier and wearier by the day as time moves on and still no deal.

There's just no transparency.

[graham1ty] 12/1/2017 12:33

On target, just remind us why it is different this time ?