Westminster Share Discussion Threads

[youkme] 16/6/2017 13:33

Lol. You said before you didn't post on LSE. Listen muppet, I know you are Jim/Harold I also know your vile, and so long as I wind you up, I'm staying here posting just for you.

[tax dodge] 16/6/2017 12:17

That's your problem and maybe why your mrs is smoking another mans cigar because you know nothing. Not that it's anything to do with a sad loser like you but I can say honestly I haven't got multi ids. Haven't posted on lse for a month and when I did it was mainly arguing with all the rampers on there.

[youkme] 16/6/2017 09:57

Everyone knows who you are. A clueless multi Id ramper. And a vile human being

[tax dodge] 16/6/2017 08:50

Bell end, I don't post on lse I don't have multi ids but if it makes you feel better crack on. The only person that is at it is your old woman with all your kids uncles. And that is because you lost all her money and lied to her. Lol

[youkme] 16/6/2017 07:05

There's more than just tax dodge at it. Where have all these new tampers come from?

[threeputt] 15/6/2017 21:58

So in one of his recent posts Jimzi says he is off to China and "will see you in a week", lo and behold his next post is 14 hrs later, go figure !
addendum, ooh post got a rec on lse too, someone else has their suspicions too it seems !

[daicaprice] 13/6/2017 16:27

Disappointing drop today.

DC

[daicaprice] 12/6/2017 13:19

Westminster Group Plc announces that its Technology Division subsidiary Westminster International Ltd has secured a contract for the supply of Security Screening Equipment to a company in the Bahamas.

Under this contract Westminster is providing Walk Through Metal Detectors for the detection of metallic items such as weapons.

The detectors have vertical and horizontal detection zones to assist the operators to precisely locate where the metallic item is being carried by a person.

Westminster’s experience, expertise and international presence means that 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.

Follow this link to see Westminster’s range of Walk Through Metal Detectors

DC

[daicaprice] 12/6/2017 13:17

And no RNS, they've tweeted the link.

DC

[beills] 12/6/2017 13:12

Bahamas contract, no value attached to notification

[daicaprice] 12/6/2017 12:52

Looking perky again today, will we get an update before the AGM I wonder?

DC

[hiscos] 11/6/2017 22:04

https://www.voxmarkets.co.uk/blogs/5-more-reasons-to-add-westminster-group-wsg-to-your-watchlist/

[youkme] 08/6/2017 06:26

ah so you have caught up three putt. Man has no morals what so ever and is a vile human being so won't care less what we say, but the more that know the truth the better Imo

[threeputt] 07/6/2017 23:06

Jimzi, so you added 34k today eh ? well with all of your additions I'm amazed you're not over the advisory limits yet ? or maybe you're not buying or not advertising your selling - still you've got the bb drooling over your every word while the share price slips away so you're doing a good job eh, but one day you will slip up and you'll be found out for who you really are, be careful !

[deanowls] 07/6/2017 17:32

Neo, I'm an ex holder, not bitter as I made a decent amount, it always promises but never delivers, one day it may and then good luck. There's more people that have lost than gained on this share unless your on the board.

[neo26] 07/6/2017 12:05

What's up with graham, why so much negativity from the guy?Is he a disgruntled ex holder?

[graham1ty] 07/6/2017 07:30

Threeputt, on funding, amazingly I think they are Ok for a few months. Even at their historic burn rate of c£600,000-£800,000 per quarter this will be hurt by overhead being a million greater a year, but offset by higher airport revenues. So, assume still need about £600,000 and they have enough cash to get through to mid summer.

Re ramping, yes some of LSE will be good at taking 20-50% from time to time on trades as they ramp it. But I still believe a lot on there are stuck with shares from much higher up, in the 50p-90p range, suckered in on the first major ramp. However much they try to get their averages down, they are still stuck in at a higher level. The ramping is to get OUT, not because they actually believe a blooming thing the company says. Any cold, objective analysis of WSG by a new investor would not touch it with a barge pole

[youkme] 06/6/2017 23:02

He can't go to the AGM lol, because it would be Harold rocking in not tax dodge or Jim lol. LSE will ignore the truth because it suits them and then jump on any one they think has double ID. Double standards, the regulars there are fleecing the lot of you, be careful and don't get sucked in.

[threeputt] 06/6/2017 22:09

well if they weren't losing on the ferry I think a placing might have been further away, but they've hinted at marketing the ferry in the results as well as taking on another lease on another boat. Maybe their thinking is they can get an share price raise by presenting an rns delivering new routes, and it depends how much the fundraise is I guess.

So refreshing to be able to freely air grievances here without getting slammed as a deramper, would love to honestly question some things without bias on lse but just ain't worth the hassle.
I see Jimzi not going to the agm, now there's a shock, just hope he's not doing a job for the company like they did on Flow Group, I remain suspicious

[youkme] 06/6/2017 16:47

when is the next placing due then? Based on the above around July? Can't use Darwin cause they said they wouldn't (never stopped them before mind) so a placing at 10p again?

[threeputt] 06/6/2017 11:00

Graham, I agree wholeheartedly and why I wouldn't consider rebuying until they have raised more cash or acquired a rr contract, but there are a couple of things I want to put out there.
My model pretty much utilises what you have put forward on the average number of people on the flights, I've actually increased my number yesterday from 56 (previous to results) to 63 now (slight increase on yours since there were less flights per week through the year), much like you I ignored the ramping on lse of bigger numbers because I had reconciled mine to past revenues and it seems now proven. Nonetheless 63 (pax/flight) * 37 (flights per week currently) * $39 (per ticket) / 1.30 (current exchg rate) = £3.6m (against £2.8m in the accounts. What I'm not sure about is whether that £2.8m includes cargo which is shockingly nowhere to be seen and therefore deemed to be pitiful.
I've also had to drastically reduce my model for what were already low estimates on the ferry, as you say above they are hideously low and I struggled to believe what my model was saying but you've confirmed what I was seeing - I can't see the ferry ever reaching break even, it really has been a complete disaster and continues to lose.
I think the Airport is their only saving grace but they're giving all of the upside away on the ferry

[someuwin] 06/6/2017 10:24

Beaufort Securities...

Westminster Group (WSG.L, 14.25p) – Speculative Buy

Westminster Group, a supplier of managed services and technology-based security solutions to governments and government agencies, non-governmental organisations (NGO's) and blue-chip commercial organisations worldwide, yesterday announced its results for the 12 months ended 31 December 2016 ('FY2016). During the period, revenue advanced by +31% to £4.4m; comprised of -5.9% fall in Technology Division to £1.6m, offset by +64.7% jump in Managed Services Division to £2.8m, against the comparative period (FY2015). Due to increased revenue contribution from its higher margin Managed Services division, gross margin has improved by +13% to 71%, leading to a gross profit rose +59% to £3.1m and adjusted EBITDA profit of £25k compared to a loss of £360k a year ago. Loss before tax, however, remained flat as £2m as total financing charges doubled to £0.6m due to an increased average debt. As period saw tax credit against a charge last year, loss per share was 2.5p (FY2015: loss 3.5p). During the year the Group raised £2.7m net by the issue of equity (£1.3m) and Convertible Unsecured Loan Notes (£1.4m), while converted £1.2m of debt into equity. Total outstanding Convertible Loan Notes and Convertible Unsecured Loan Notes at 5 June 2017 amounted to £2.2m. Cash and cash equivalents at 31 December 2016 stood at £152k (end-FY2015: £150k). On the operational front, the Group's Managed Services Division signed 7 MoU (FY2015: 4), while Technology Division recorded a healthy increase in average enquiries per month of 117 (FY2015: 99) and number of return customers of 150 (FY2015: 142). Westminster Group's CEO, Peter Fowler, commented "Our business is now in a better position than it has been for some time as the challenges and trials of the last few years are now largely behind us. Our market proposition, particularly our managed services business, has never been more relevant against a backdrop of increasing threats to air travel and a more unstable world and we are well positioned though our extensive network and governmental relationships to transform our business. Over the next few months and years we have an opportunity to achieve unprecedented growth from the prospects we are pursuing such as the Middle East airport opportunity. The Board and I remain committed to delivering on this potential".

Our view: Westminster Group delivered a much improved financial performance for the FY2016 with +31% revenue growth and +13% margin improvement, resulted in positive adjusted EBITDA. Operationally, the Group has expanded its operations, opportunities and presence around the world. Notably, in the Managed Services business (c.64% of revenue - comprised of Airport Security operations and Ferry Project), the Group received Letter of Intent for a potential major 15-year term Middle Eastern airport contract opportunity with annual revenues in excess of £35m. The Group has been actively preparing the required support structures and infrastructure necessary to deliver the projects, including organising a complex supply chain and other required resources. The Group noted that "whilst there is never certainty in relation to either the outcome or timing of such negotiations", it has made a "substantial progress achieved towards finalising contract negotiations" post the period. Elsewhere, in West Africa, its airport security operations see ongoing recovery in passenger numbers, which was long impacted by the Ebola crisis since 2015. Its Ferry services, under the brand of Sovereign Ferries, also commenced initial operations in mid-December 2016 with formal services started in January 2017. Having already secured 3% of the £4m per annum estimated current addressable ferry market, the Group expect volumes continue to grow to "well beyond" a 14% share (the level Board anticipate the operation will be providing a positive contribution) by the end of 2017. In the Technology Division (c.36% of revenue), it also secured contracts for a wide range of products and services from around the world. While lower oil price continues to impact the sector's current and pipeline projects, other areas such as nuclear facility, advanced screening solutions and security solutions were ongoing with recurring revenue base of maintenance and service contracts both in the UK and overseas continues to build with contracts with governmental and corporate clients now valued at over £180,000 per annum. The division also signed border security project MoU in Middle East during the period. Post the period, the Group raised total of £1.6m gross through new equity issuance in February 2017 and April 2017. We believe the Group's long-term cash flow profile of its businesses, which require only limited additional capital support (particularly the Ferry Project) to fully secure their opportunity, make for a strong operational and financial business model, albeit with the risks incumbent with the geographical locations from which it operates. Given the Group continue to make encouraging progress in its pipeline contracts that has the potential of long-term recurring revenue, Beaufort reiterate its Speculative Buy rating on Westminster Group.

[graham1ty] 06/6/2017 10:15

One of the key claims made by rampers of WSG is that the underlying business is profitable and cash generative, and therefore underpins the valuation. It is claimed that the current share price is justified by existing revenue streams, and that the ME and other MOUs are in for free. No downside, lots of upside.

The trouble with that is that the underlying business lost £1.9m and needed £3m of new cash through placings and Darwin Loan notes.

WSG is no closer to profitability over all than it has been for years. The ferry is a disaster, there is no specific mention of cargo revenues and Lungi flight build up is very slow. Even if you strip out the pre contract spending, the ferry pre launch cost and the increase in personnel, you do not get a business that has underlying profitability