Westminster Share Discussion Threads

[wynterwilde] 23/2/2017 20:30

......or it could mean 50% capacity of the boat = 35pax per trip. Say 20pax per trip at present and that doubles your figure graham.

[graham1ty] 23/2/2017 19:52

They give enough detail to work out the numbers, roughly 10 passengers per sailing. I wonder how many crew ? And that is an average through the day, so some will have 15, some may have as few as 5 ?

And thank goodness they never bought a boat that could take 200 passengers......Er they did.

And the Sierra Princess is a 70 seater, so even their target of 16 passengers average per trip will use about 5% of their two boats capacity !

[this_is_me] 23/2/2017 19:32

I have pointed out before that a new transport link takes some time to reach its potential. If the ferry breaks even by the end of 2017 it will have done well. Passenger numbers would be expected to continue to increase after that.

[graham1ty] 23/2/2017 18:02

On target, 4500 is 54,000 per annum ( once they get up to that level of usage ) so say 40,000 this year. To get to to £2m it would have to be £50 per trip, or $65 per voyage, and I am not sure they are managing that.

As an aside, total revenue for Managed Services for the whole of last year was just £1.7m. Has the one little boat leapfrogged straight past their only airport contract ?

[on target] 23/2/2017 17:39

That's still c.£2m revenue/annum from a single boat - not bad at all!

[graham1ty] 23/2/2017 17:28

Run the numbers on the ferry. They state that capacity is about 9000 passengers a month. They aim to be at 50% capacity by the end of the year, so 4500 passengers.

There are 68 sailings per week, according to the RNS, or c280 per month. Divide that into 4500 and you get 16 passengers per sailing. And that is their target......

So what have they got now ? Less than 10 passengers per sailing ???????

[youkme] 23/2/2017 17:18

shameful update already known by a few that piled in before the RNS was announced, and this is a security company! jam tomorrow yet again, question is why?
darwin to convert or to get a placing away? take your pick folks because you ain't getting a contract thats for sure imo

[ileeman] 23/2/2017 16:46

Yea but a quick calculation and you can see they should be done or there abouts.

Darwin lets round it up and say they had 7m shares, volume since the first has been 22m+. 3x their volume.

[bernieboy] 23/2/2017 16:43

Ileeman maybe but I don't like Darwin either.....

[ileeman] 23/2/2017 16:37

@Bernie

Even though ME contract is well overdue and has been longed out, at the current price nothing is priced in.

[ileeman] 23/2/2017 16:22

1st of Feb

[alphapig] 23/2/2017 16:20

Ileeman, since when?

[ileeman] 23/2/2017 16:18

Actually over 20m volume

[ileeman] 23/2/2017 16:15

Over 18m volume vs 6m darwin

[on target] 23/2/2017 16:04

She's....gonna....blow....!!!!!

[jambam] 23/2/2017 15:46

get in:) give it time and this will be in the £'s

[on target] 23/2/2017 15:44

'Extremely encouraging' - strongest wording yet?

[someuwin] 23/2/2017 15:37

The BIG contracts are coming. That'a all that matters here.

"...Westminster's reputation and expertise in the field of aviation security continues to grow, evidenced by both the number of new training and support contracts secured for airports around the world and our growing pipeline of long term potential airport projects, which includes some very large opportunities. In September 2016, the Company provided an update on its various airport opportunities under previously announced MoU's, all of which remain live and with certain opportunities having made good progress in recent weeks.

A key focus of the business in recent months has been developing its several large scale long term potential project opportunities within the Middle East, including its previously announced major airport project for which the Company received a letter of intent during May 2016 and which is expected to have annual revenues in excess of GBP35m, together with an ancillary large scale project for the same client as well as a significant border project in the same region. Contracts of this size and nature are not only time-consuming but involve complex negotiations with numerous commercial and political bodies. With the major airport contract discussions largely completed, the Company has been actively preparing the required support structures and infrastructure necessary to deliver the projects, including organising a complex supply chain. Whilst there is never certainty in relation to either the outcome or timing of such negotiations the considerable progress made to date and the ongoing support received from UK governmental departments is extremely encouraging.

As part of its growth strategy, and to facilitate some of its major project opportunities, Westminster has also now established two new European subsidiaries strategically located in Germany; Westminster Group GmbH, a 100% subsidiary of Westminster Group Plc, and Westminster Sicherheit GmbH, which has a 15% minority holding by strategic investors who will help provide financial and structural support for some of the major project opportunities."

[ileeman] 23/2/2017 15:33

Darwin only reason this is down this low, load up whilst you can because the wording on the contract is significant imo.

Slongshot effect as the last of overhang clears, Chart wise just needs to break 14p and looks extremely bullish on many fronts.

[graham1ty] 23/2/2017 15:28

No real news is deemed good news ! No passenger figures for ferry, no real progress in ME, but lots of jam tomorrow !

[tradermick1] 21/2/2017 15:07

Reversal with online prices. For days you could buy at mid or under mid but now the mms are bidding a good premium for stock and it's close to full offer to buy in
so price could recover a little lost ground this week if no nasty surprises

[graham1ty] 21/2/2017 07:50

Simon, this board used to be exactly the same as LSE, why else 12500 posts. However, as a few cynics plugged away here, the ramping mob moved to LSE. This was Tara's tip for the year at 9p in about 2012 and was run all the way up to 90p, so I suppose Tara was right ! However, doubt they are still a holder and presumably sold everything into the ramp, oops I mean rise.

I assume all the LSE posters are holders from 50p up not actually believing in the Company at all, just trying to get the share price back to a level where they can get out !