Westminster Share Discussion Threads

[saucepan] 20/2/2017 20:15

A pity Zak Mir has ignored volume. In the top right hand chart in the header: observe the increasing recent volume and correlate that with the direction of price.

[graham1ty] 20/2/2017 19:21

Youkme, with the last reported trade below 12p ( for the first time this cycle) fat lot of good the TA comment made

[youkme] 20/2/2017 16:28

more rampering chartist brought in to suck some poor folk in as placees off load imo
red again

[someuwin] 20/2/2017 13:58

Westminster Group: Wedge breakout anticipated

By Zak Mir 20 February 2017

I have to admit that the Twitterati I follow are increasingly an excellent source of charting material. At the very least they provide situations such as Westminster Group (LON:WSG), which one can then investigate.

What can be seen on the daily chart of security group Westminster is that the shares have been in a holding pattern for quite some time. Indeed, the configuration we have been treated to over the past six months and more has been a bullish falling wedge.

The trick here, according to technical rules, would be to wait on a clearance of the top of the wedge at 14p, just above the 20 day moving average, on an end of day close basis before assuming that the next leg to the upside is on its way.

There are also a couple of other positive points regarding the charting configuration. For instance, it can be seen how last May delivered both an island reversal and an unfilled gap higher through the 50 day moving average. It was then at 10p, and it is now at 15.72p.

As for what may happen when/if the wedge is broken, given the presence of what I call a “rocket launcher” formation from spring last year, it could very well be the case that, backed by bullish divergence in the RSI window, we shall be treated to a retest of the 200 day moving average at 19.41p.

But it may be worth remembering that only a weekly close back above the 200 day line is likely to be enough to deliver a full blooded retest of the best levels of last year through 30p on a 2-3 month timeframe.

[graham1ty] 20/2/2017 10:40

Ricki, last year they produced their results on 9 June for the year to Dec 31st. As they only have one contract for the airport, and booger all else, it is something of a mystery why it takes five months to produce results. I always assume that they are all sitting in a cupboard with their fingers crossed, praying there will be something to announce.

One effect of this is that at results day they are reporting on a balance sheet that is five months old. I do not care what their cash position was five months ago, I am interested in what it is now.

If you want a work of fiction, their Annual Report for 2015 ( so already 14 months out of date) is on their website. But in the Annual Report it details the 10.6m passengers "under" MOUs ( up from 5.1m). Both figures completely irrelevant as nothing more has been actually signed in that 14 months ( or actually for five years). Meaningless figures, fake news even.

[ricki] 20/2/2017 09:29

Does this company ever publish its rults for the year. Better than expected has been going on for nearly two years but no published reports

[simon1955] 17/2/2017 15:58

threeputt, woof woof lol, yes.

[threeputt] 17/2/2017 12:15

simon - are you doggy ?

[simon1955] 16/2/2017 19:22

Have to say i am feeling extremely proud and honoured for being awarded the LSE version of the Victoria Cross, the citation reads - 'Your account has been suspended from posting in Share Chat until 09:00 on Fri, 17th Feb 2017
Reason for suspension: Seemingly keen to disrupt the board for the sake of goading others' Anyone else over there who aspires to a similar award should follow the following guide lines.
1. Always offer a different opinion to the consensus on the BB.
2. Suggest to 'investors' that they should sell high and buy low, this will get you branded a deramper.
3. Dare to mention that news is required to improve the share price.
4. This is the clincher, predict (correctly) that the day will end red and continue tomorrow.

Meanwhile back at the coal face, normal service is resumed, more red.

[simon1955] 16/2/2017 19:14

Have to say i am feeling extremely proud and honoured for being awarded the LSE version of the Victoria Cross, the citation reads - 'Your account has been suspended from posting in Share Chat until 09:00 on Fri, 17th Feb 2017
Reason for suspension: Seemingly keen to disrupt the board for the sake of goading others' Anyone else over there who aspires to a similar award should follow the following guide lines.
1. Always offer a different opinion to the consensus on the BB.
2. Suggest to 'investors' that they should sell high and buy low, this will get you branded a deramper.
3. Dare to mention that news is required to improve the share price.
4. This is the clincher, predict (correctly) that the day will end red and continue tomorrow.

Meanwhile back at the coal face, normal service is resumed, more red.

[overthebridge] 16/2/2017 16:30

Not much support lol it's right on support.

[saucepan] 16/2/2017 16:10

Ugly late afternoon price action. Not much obvious support now, before the 2016 low.

[youkme] 16/2/2017 16:01

mind your heads as you leave please, form an orderly queue

[youkme] 16/2/2017 15:54

just having a read through some of the rns that wsg have put out to the market, makes you laugh, really does (you should have a read rampers, might learn a thing or two)

How long before this rears its head again?

"Also, in order to provide additional financing flexibility and due to the Company's share price recently trading around or below its nominal share price of 10p, the Company is currently finalising plans for a capital reconstruction to reduce its nominal share capital to 1p. "

[barpy] 15/2/2017 17:19

Wages paid, not enough revenue from the paddle boat, Darwin around, equals no contract this month

[youkme] 14/2/2017 11:18

Last time certain rampers turned up it was because they had taken part in a fund raise. I do hope that is not happening as we speak, surely you boys have not taken some of these shares if the rumor is true? surely not

[ileeman] 14/2/2017 10:50

Looks like darwin will dump close to another million today.

[youkme] 14/2/2017 09:40

Why? because of ramping or because they are actually going to do something? You see the share price can do what it likes as far as I'm concerned but some poor sods going to left holding this when all you lot disappear again. Because I tell you one thing, wsg will do nothing at all imo