Westminster Share Discussion Threads

[threeputt] 06/6/2017 08:54

Youkme, no I understand what you are saying but I take the option off for codeshares on the link to avoid duplication, there are currently 37 (or very close to) flights per week currently embarking from Lunghi at $39 each embarking passenger to wsg (might be $40 now).

[youkme] 06/6/2017 08:37

three putt, the flights quoted into lunghi by the ramping brigade are largely duplicated. take today for instance. The three flights Air France, KLM and delta are the same flight (links to ongoing flights etc) so 1 not 3. not sure whether your aware of this but might help you?

[youkme] 06/6/2017 08:34

ramping through the night yeah Jim, just like the old days lol

[madmonkflin] 06/6/2017 07:27

There's no contract yet so has to be expensed.

[abergele] 05/6/2017 22:41

neo26.
he never answered my 3 questions I asked him months ago when he was pulling it to pieces ,on each drop down,
he said very little into the rise we had,
always shows when it drops...good night,,

[threeputt] 05/6/2017 21:08

I suspect it does, surprised they expensed it directly though I would have thought they would have persuaded the auditors that they could account for it as accrued costs

[neo26] 05/6/2017 18:55

DodgeNaaa, rebound coming...

[dodge city] 05/6/2017 18:46

Back to 10p

[deanowls] 05/6/2017 18:34

Neo, graham has been here a long time pointing out facts, you'll be gone and peed off before he is if the last five years are anything to go by.

[neo26] 05/6/2017 18:25

GrahamThe overheads, I assume that will include project cost for ME contract.

[youkme] 05/6/2017 17:43

10% down, amazed its not more! Wheres the contract? 5 years since EA was "very close" pmsl,

[neo26] 05/6/2017 17:09

GrahamHave you lost a lot of money here, why are you scaremongering new investors.I think in the next few months the ME contract will be in the bag...

[threeputt] 05/6/2017 13:16

Graham, I'm thinking that the "less dilutive option" of Darwin might be the reason for IS losing his job, I'm also thinking (maybe stupidly) that the next raise might be via a placing instead, if it's Darwin again then there really are no flippers that want it imo and no hope

[graham1ty] 05/6/2017 11:37

"Cash flow positive". Yeah, yeah.

An actual read of the cash flow statement shows £1.7m cash outflow from operations, then £636,000 of capex.

So, actually, by any normal accounting measure, an outflow of £2.3m. Just to stand still. That is about £600,000 per quarter still. So, the £0.6m of equity raised in Feb, long since gone. The £1m raised in April should last until mid summer.

And, as an aside, as well as Darwin destroying the share price ("the least dilutive option" if you recall, look at the eye watering fees. Raising £1.675m cost £272,000 or about 16%. So Darwin really do well out of any of these CLNs

[abergele] 05/6/2017 10:27

slowly slowly catch a monkey .
Not a bad read as Peetle says
my top up showed as a sell..am I lucky or what I wonder..

I've held shares longer so I'm not on a time frame,
I just want to start at a low not a high figure..gla .lth's

[hamidahamida] 05/6/2017 10:18

I do hope for the investors that it's not QATAR they are negotiating this much talked about contract bcz Saudi Arabia along with UAE Egypt and Bahrain have broken all trade and diplomatic ties due to their support for Iran earlier today

[threeputt] 05/6/2017 10:14

The results were not as good as expected, the overheads were the big hit and revenue wasn't as good as I expected. The ferry is making a loss and will cost money to market it, fine but ongoing cost in overheads and a loss making ferry and a contract that won't happen any time soon (imo) adds up to cash running out before anything else to me.
Strangely enough the mention of EA renewed interest is the only saving grace,if they can pop up with this one in the short term it may just save the sp, but I think a cash raise (placing, not Darwin) is the most likely event to happen first.
All part and parcel of a growing company to raise funds but I think the share price will have to drop further first (imho) before any contract

[graham1ty] 05/6/2017 10:14

Peetle, "patience is short". Holders have had to wait 16 months since the MOU and 13 months since the LOI. The East Africa MOU is now over 5 years old.

How on earth can you say patience is short

[peetle] 05/6/2017 09:57

I don't think anyone is invested here for the ferry.

Today's results weren't bad and they weren't brilliant. That they omitted the big enchilada that we're all waiting for is why we're down. Patience is always in short supply in the markets.

[this_is_me] 05/6/2017 08:50

I pointed out before the start of the ferry operation that it always takes some time for a new transport link to achieve traction. We will be very lucky to see any profit from the ferries in 2017 but may see some profit in 2018.

[falia] 05/6/2017 08:09

guys check out GOT