Westminster Share Discussion Threads

[neo26] 16/7/2017 14:53

loobrush

Rather strange for him to be going on leave, when few weeks before he said certain directors on standby to do "final negotiations" fairly soon, maybe he took holiday in the country involved.

[threeputt] 16/7/2017 14:36

No, he's had a busy timw with and leading up to the agm, qualmed his doubtera yet again for the forseeable, and knows there is nothing immediately on the radar, that's how I see it

[loobrush] 16/7/2017 14:13

On annual leave ? Is that just a red herring when he is actually in Oman ?

[neo26] 16/7/2017 12:16

News is PF is on annual leave till Wednesday, I just can't fathom he is on holiday when few weeks ago he said that they are on standby to go for final negotiations for ME contract.Tomorrow should be interesting...Imho...

[neo26] 15/7/2017 11:08

Graham1TY15 Jul '17 - 08:12 - 13104 of 13106 0 1
HH are invested because they cannot get out ! Anyone who took shares at 10p is still looking Ok, on paper, so if you cannot sell, it does not look too bad.

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that statement is a lol, institutions are here to make money..

[madmonkflin] 15/7/2017 08:40

Yes MOUS are meaningless but if you haven't worked in government you don't have a clue. This is how everything is, mou, letter of intent, and then years later a contract if you're lucky. Don't invest otherwise.

[graham1ty] 15/7/2017 08:17

Every single MOU has been exaggerated.

East Africa MOU, Nov 2012, delay 56 months
Asia MOU, Feb 2015, delay 29 months
"New country" MOU, Oct 2015, delay 22 months
East Africa 2 MOU, Dec 2015, delay 19 months
MIddle east 1 MOU, JAn 2016, delay 18 months
Border project MOU, Feb 2016, delay 17 months
Middle East 2, MOU and LOI, March 2016, delay 16 months

That "adds up" to 177 months of aggregate delays, or almost 15 years wait !!

Just shows that the MOUs are meaningless, unenforceable, and give no guidance at all as to likelihood or timing of receiving any contract at all.

[graham1ty] 15/7/2017 08:12

HH are invested because they cannot get out ! Anyone who took shares at 10p is still looking Ok, on paper, so if you cannot sell, it does not look too bad.

Re contracts of this size, you would expect a performance bond of some sort. For a multi year, multi million contract that might even be £5-10m.....the kind of money WSG just does not have.

In fact, if the Sierra Leone government had demanded a performance bond for the ferry, "just to show you can deliver on time, please put up a couple of million" then that would have paid out when WSG had still not delivered a service two years late.

I think WSG ( why I "think", it is so obviously the case) have a history of sugar coating everything. So Lungi was going to be $150m over 15 years. Well, the first five years have produced about $25m about half the suggested level. The ferry was going to produce $300m over 21?years, yet it is two years late and the immediate take up appears to be negligible ( ok, over a very very short initial period).

So all MOUs, LOIs have to be taken with a pinch of salt

[threeputt] 14/7/2017 22:52

I would agree with all these sentiments, I have to keep telling myself that these fairy stories simply never happen - but then I ask myself why are Hargreaves still invested.
I'm not in currently having sold far too early, but I keep a keen eye, the stories that the airport is delayed until next year now give me comfort that it wouldn't be signed yet if at all, and that I may yet get another trade out of it, maybe on another fund raise

[owenski] 14/7/2017 20:45

Usually it would be highly unlikely to hand any meaningful contract over to a company like WSG with such a shoddy and weak balance sheet. Due diligence would require any company to be financially solvent so as to be in a position to run a contract. Just don't believe these contracts are anything more than MoU's or discussions at best.

[graham1ty] 14/7/2017 18:54

2 Magpies, they are being charitable, supporting a bankrupt company that needs 20 odd fundraisings this decade, has to go to Wonga, has no other substantial contracts.

[2magpies] 14/7/2017 14:40

They could get the contract - but this is taking a long time.

Makes one wonder why would a super -rich (one presumes) ME kingdom/sultanate give such a lucrative contract, for something so vital to its critical infrastructure, to WSG?

Also, the Lt.Colonel has stepped down, I believe - why would he do that if the contract is supposedly 'nearly' there. Why not wait a bit longer and see it through, what with things being so close.

Also, has not the FD also stepped aside?

I could be wrong.

[neo26] 12/7/2017 16:19

YoukmeThe string has gotten smaller, one way or another I just get the feeling we will know if we got the contract or not..I don't think PF is that stupid to be so rampy and they fail to bag it...

[youkme] 12/7/2017 14:40

Same old same old. Ramptastic Agm
Feed the punters off the share price goes. Realisation sets in, share price falls back. Placement en route now for sure Co running on vapour
Owan is the talk lol yeah right like a country like owan are going to deal with a loss making family run rig like this imo

[love it] 11/7/2017 12:27

50k pays 19.25p when 18.5-19p, back over 20p today ?

[love it] 11/7/2017 11:46

Try and buy online mm's offering nothing.

[love it] 11/7/2017 11:20

bought a few it's going back up soon

[neo26] 10/7/2017 18:53

GrahamI agree, that's a silly statement to say, we are preparing to travel, have they booked their tickets then? Why not tell us that too?

[youkme] 10/7/2017 17:07

Amazing the posters that hindsight trade isn't it

[neo26] 10/7/2017 00:00

That's alot of placings, hopefully they finally get the contract, otherwise these directors have just filled their boots...

[abergele] 07/7/2017 21:10

ohh core blimey,
the worms returned again,
did you answer those 3 questions I asked you G1ty..no did you thump.

you beggar belief man..