Westminster Share Discussion Threads

[owenski] 26/9/2017 10:29

Puts this BoD wage machine business in strikingly clear perspective there Graham with your post.

[qs99] 26/9/2017 10:01

Wow Graham that is phenomenal.....how do they get away with it and who keeps shovelling placing money their way?

[youkme] 26/9/2017 07:58

And another Darwin to come to pay the loan notes next June?

[youkme] 26/9/2017 07:55

Ramptastic RNS in a week or so Grabham agreed, but will market fall for it once again? Brand new set of rampers will arrive here over next few days I guess
Shame

[graham1ty] 26/9/2017 07:52

Ironically the price will probably go up. Last time Beaufort very effectively massaged the share price up to c18p allowing a nice little turn ( er......up to 80% ) to its punters. Will try to do the same again now.

As WSG must have known they needed these funds weeks ago, I am surprised it was not done earlier, when the price was higher. They might have got it away at 12p or so.

[youkme] 26/9/2017 07:50

10p ! Yet contract is close pmsl
If it was that close HSBC would have been knocking bumble towers offering the finance imo
Good luck if you listened to the Lse nutters

[2magpies] 26/9/2017 07:45

Excellent post Graham.

The directors aren't buying: to me that says it all.

[graham1ty] 26/9/2017 07:39

4/10 £250,000 in placing at 33.5p
4/10 £500,000 in placing at 41p
8/10 £505,000 in placing at 20P
10/10 £1M in placing at 25P
7/11 £625,000 in placing at 12p
4/12 £500,000 in placing at 17p
7/12 £1.4m Loan Note
2/13 £1.48m in placing at 30p
4/13 up to £5m at prices yet unknown
6/13 £1.18m convertible loan note
7/13 £100,000 drawdown from EFF
9/13 £700,000 drawdown from EFF
9/13 issue of 4.6m shares against the Convertible
9/13 £200,000 under the EFF
11/13 £530,000 under the EFF
3/14 £450,000 EFF/new investor
8/14 £1.25m at 40p
12/14 £1m at 25p and 33p ( EFF)
4/15 £2.3m ( gross) from CULS and EFF
10/15 £1m gross from CLN.
2/16 £475,000 Loan Note to Darwin
6/16 £1.3m from institutions at 10p
11/16 £1.1m from Darwin
02/17 £0.6m from a new investor at 11.625p
04/17 £1m from Beaufort at 10p
09/17 £750,000 from Beaufort at 10p

Twenty Four fundraisings since 2010. Raising £22.6m. For what ? A company still bleeding cash, still losing money. And no reduction in the run rate. £3.3m raised in 2015. £2.9m raised in 2016. £2.3m so far this year.

One hell of a cost just to get one big contract close to signing ( if you believe that)

[toolsmoker] 26/9/2017 07:24

There you go 10p placing and more bs about the contract .we will still be here next year waiting lol If you want something that's going to move 10x the price it is then look at ggp.l

[pugg1ey] 26/9/2017 07:20

Toolsmoker has the right contacts...

[graham1ty] 26/9/2017 07:13

Done again at 10p to Beaufort. Predictable and repeated ad nauseam above.

Actually, probably a buy !!! Beaufort will ramp this up, make sure its clients get a 50%+ profit.

Rinse and repeat

[someuwin] 26/9/2017 07:10

Westminster Group Plc

Issue of Equity to raise £750,000



Westminster Group Plc ('Westminster' or the 'Company'), the AIM listed 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, is pleased to announce a placing ('Placing') of 7,500,000 new ordinary shares of 10p each ('Ordinary Shares') at 10p per Ordinary Share to raise £750,000 before expenses.

Placing

To support the development of the Company, with a particular focus on preparation for the anticipated Middle East project opportunity in its Managed Services division, the Company has raised £750,000 before expenses by means of an oversubscribed Placing undertaken by Beaufort Securities Limited ("Beaufort"). The Placing will result in the issue of 7,500,000 new Ordinary shares ('Placing Shares') at a price of 10p per share.

The Placing is conditional upon admission of the Placing Shares to trading on AIM becoming effective in accordance with the AIM Rules ("Admission") and the placing agreement between the Company and Beaufort not being terminated in accordance with its terms prior to Admission.

The placing agreement with Beaufort provides for Beaufort to be issued, conditional upon Admission, with 375,000 warrants to subscribe for Ordinary Shares at an exercise price of 10p per share exercisable at any time within 5 years after the date of Admission. This is in addition to the payment of a placing commission and expenses in accordance with the placing agreement.

Total Voting Rights

In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules ('DTRs'), the Company hereby announces that following Admission of the Placing Shares, it will have 120,743,420 Ordinary Shares in issue, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 120,743,420.

The above figure of 120,743,420 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the DTRs.

Application will be made for the Placing Shares, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM. It is expected that admission of the Placing Shares will become effective and trading in the Placing Shares being expected on 10 October 2017 ('Admission').

[youkme] 25/9/2017 21:32

Let's remember Harold and taxdodge buying, was it 80k on a CFD? And a few more after I think
Never publishes sales though, strange

Karma much sooner than I thought

taxi you still around or was that RNS enough for you?

[toolsmoker] 25/9/2017 16:27

10p placing coming

[youkme] 25/9/2017 16:05

Funding coming and people buy!
Amazing

[dodge city] 25/9/2017 13:08

Either a placing of or suicide finance with YA.

[neo26] 25/9/2017 09:09

I think placing is imminent, not the worse thing but this contract is looking like it may never get signed...Time will tell.

[threeputt] 24/9/2017 13:40

John, TW's tips for stardom are rubbsish, his tips for zeros and frauds are far better, fared me well when I have listened to his advice on zeroes & frauds

[john henry] 24/9/2017 10:11

TW record as a tipster is absolutely appalling. I read an article recently I think his hit rate is about 40-50%. DYOR then you can only blame one person.

[youkme] 24/9/2017 08:55

Don't like TW to be honest
Think though the funding RNS will be any day now, for once they have been up front about that. Seem to remember the last funding was to help get ME contract over the line lol

[graham1ty] 24/9/2017 08:29

Just looking at the Balance sheet. From last year's (2015) annual Report they capitalised £2.4m for the Sierra Queen last year. There was another £378,000 capitalised in the 2016 report, so they may have c£2.5m + in the books for the SQ.

That will need writing down to virtually zero, and it will wipe out the balance sheet. Shareholders Funds at 31 Dec 2016 were £2.3m so WSG will probably end up with net negative assets. Intangibles were c£0.5m, so net tangible assets will end up as approximately NEGATIVE £0.5m despite over £20m raised in the last six years.......

Awful

[barpy] 23/9/2017 06:18

And just when more visibility is required there will be no more reporting on mou and Loi's, not that they hold any credibility now. The drawbridge is been pulled up.
The new cfo is unraveling the mess Selby made, hopefully he can bring some fresh eyes to the rainbow chasing group think bod.
Shortly! Ffs I thought they were on standby, oh it was standby for the next contract discussions. This is going EA if it doesn't land in the next few weeks.