Westminster Share Discussion Threads

[youkme] 29/3/2017 18:27

Can't say.
Thought we were playing WSG?

[moneytree1] 29/3/2017 18:22

who's jimzi then?

[youkme] 29/3/2017 18:15

Lol
Give it a go.
If I have no idea you can't go wrong? Go on have a go

[moneytree1] 29/3/2017 18:10

is there any point going down that road?

not wishing to be rude,but you have proven beyond reasonable doubt that you don't know what youre talking about.

wouldn't we end up going round in circles talking rubbish?

[youkme] 29/3/2017 18:07

Ask me a question about WSG

Then answer me a few

Be careful who you pick a fight with friend

[moneytree1] 29/3/2017 17:59

youkme

judging you by your 72k loss in WSG

is it fair to say
1/ you don't Know how to trade
2/ you don't know anything about WSG



?

p.s

it wasnt jimi's fault either

[on target] 29/3/2017 17:55

If you say so.

[youkme] 29/3/2017 17:44

That would spoil the fun though
Your too young to remember anyway and you'll learn fast enough how corrupt these posters are imo
They have made a fortune over the years imo but you make your own mind up mate

[on target] 29/3/2017 17:12

Go on then fill us in, who is jimzi? Is he/she somebody famous?

[youkme] 29/3/2017 17:04

More ramping clowns I see graham .
Don't worry they will disappear just like the rest when they see this is a complete farce.
Sign contract? Don't make me laugh they couldn't sign anything and that's a fact! Nothing won ever. One contract handed to them on a plate and then duck all.
Threeputt. If your so worried about ID then why not ask jimzi who he really is? Or how's the weather in Hong Kong pmsl or ask fry up why he's in his second ID? Why? Because it's not acceptable to ask that on LSE is my guess.
What happens when Darwin put pressure on BOD to reduce the nominal value?
Carnage that's what

[graham1ty] 29/3/2017 15:47

Oh, I do not disagree with you for a second. If, big if, they do announce one of the contracts then the price will soar, I absolutely agree with that. However, their record on conversion is not great !!!!

[on target] 29/3/2017 15:37

5m shares (let's pretend the share price is 10p) will be swallowed up in the first few hours of trading after the ME contract is announced Graham.

[graham1ty] 29/3/2017 15:27

Landmark if this is 16p by end of April, I will give £100 to MSF in Sierra Leone. If it is not, you do so ?

[graham1ty] 29/3/2017 15:25

On target, sorry absolutely right. £500,000 to go, or just under 5m shares. Sell them all to Landmark !

[landmark2] 29/3/2017 15:15

Graham, Cincinnati is spot on. Results to break even and up date on contract likely, I take it your short. Close that short before it fks you. This will be 16p in days.

[on target] 29/3/2017 15:09

It will be the next trading statement (which are far more frequent than the results) that will give the first indication of breakeven [as flagged in the previous trading statement] and potential profitability. With an increasing number of airlines flying to Lungi (e.g KLM this week) this adds directly to Westminster's bottom line both on the airport revenue and the ferry.

Graham1TY - there is no overhang of 7m shares. The remaining loan notes (which can't be sold yet btw) are £500k, £700k having already been cleared. As you can see the shareprice is 12p not 7p or is that wishful thinking on your part?

ps nice to see a bit of positivity today (though not from Graham1TY obviously!).

[moneytree1] 29/3/2017 15:08

what are you so worried about Graham?

WSG going up and you left staring at your losses on the sidelines?

you seem very keen to deramp.....

[cincinnati_kid] 29/3/2017 15:05

Gets down to what it’s all about, doesn’t it, making the wrong move at the right time.

[graham1ty] 29/3/2017 14:55

Landmark, full year results are usually in June For a company with only one major contract last year, and about £4m of revenue, it is quite a puzzle why it takes over fiVe months to produce the numbers. And they showed a £830,000 loss in 1H so I am not sure the results will be great.

The kid above says WSG is breakeven. There is such a difference between "adjusted" profitability and real life. WSG has had to raise £3m in the last nine months. It has had 22 fundraisings since 2010 and continues to bleed cash. Do not believe their "breakeven".

And "limited downside". There is an overhang of c 7,000,000 shares to be placed by Darwin and the last time the market panicked about that, the price fell to 5p.

"On the verge of a major expansion"...... as it has been since 2010 and its "pipeline" of 10 passengers. Well, do not hold yr breath. They have signed only one contract since 2012 and that was the ferry.....and what a disaster that has been. And do not believe the numbers promised. LUngi was a "$150m + contract" over 15 years. Last year it contributed £1.7m, so over the first five years less than £10m ( and I know Ebola hit hard, but this contract is a third gone with no meaningful contribution yet).

So, limited downside ???? No. If they sign something in my lifetime, I have said all along I will admit I am wrong. Until then it is all just hot air.

[landmark2] 29/3/2017 13:56

The full year results are imminent, and wsg are expecting there best results in years, plus we may even get an update on one of those contracts. Good luck all, I wouldn't wont to be out at this point, and certainly not short.

[cincinnati_kid] 29/3/2017 13:29

I've been taking a close look at this over the past couple of weeks and apart from the Darwin overhang it looks like an outstanding investment with plenty of upside and very little risk.

The company is at breakeven and on the verge of a major expansion, you can't get much better than that.

I'm building a position in this. Good luck to all investors here and looking forward to positive newsflow throughout the rest of the year.

[youkme] 28/3/2017 10:27

Yes that's about right

[graham1ty] 27/3/2017 22:26

Youkme, it is getting a better and better share as it falls. In fact, that is what we should all be aiming for, a constantly falling shareprice. That means news is round the corner. In fact, it is obvious, a government giving a £500m contract prefers dealing with a sub £10m market cap, bankrupt business as it makes better business sense.

So, the lower the better, and as soon as the share price goes negative ( or they go bust, whichever is sooner) then I will be a massive buyer.

All makes sense now you have explained it.