Westminster Share Discussion Threads

[balaura] 06/1/2018 14:37

As for the boat...they put it up for sale, as soon as they realized it was not profitable.

[balaura] 06/1/2018 14:34

As for the shareholders... The Mcap is very low. Share dilutions were tiny. share price went up at least 2-fold several times a year. If caught with their pants down because everyone else sold to take a profit, shareholders just had to wait for the next surge.

The next surge in the share price is weeks, if not days away.

[balaura] 06/1/2018 14:25

This in addition to their long term contracts. Do you think a company would sign 10 new contracts a year, without having an excellent reputation?

[balaura] 06/1/2018 14:22

WSG have secured several new contracts every year. These are only from last year: New Contract Award – Nigeria (4 Aug 2017; New Contract Award – Southeast Asia (11 Jul 2017; New Contract Award – Bahamas (12 Jun 2017; New Contract Award – NGO West Africa (7 Jun 2017); New Contract Award – Middle East (11 Apr 2017; New Contract Award – NGO Somalia (5 Apr 2017);New Contract Award – East European Radiation State Safety Organisation (4 Apr 2017); New Contract Award – Port Facility South Asia (20 Mar 2017); New Contract Award – WG Human Presence Detection Systems (7 Mar 2017); New Contract Award – Vietnam (2 Mar 2017; New Contract Award – South Americas (18 Jan 2017);New Contract Award – EOD Bomb Disposal Suits (17 Jan 2017

[threeputt] 06/1/2018 10:35

balaura, tax dodge has it nailed in his boat post, as for the rest look at their history of converting "opportunities", "mous" etc over the past 5 years, not one conversion despite all their bulishness and huge pipeline, and then they say that none of these opportunities have disappeared, give me a break !
I'm still concerned why they didn't release a trading update with their last rns, I can't work out which way that will go but I fear the next rns could be another fund raise

[kreature] 06/1/2018 08:19

what happened to the big boat ?

[balaura] 06/1/2018 00:23

I am considering investing in this company, since I'm impressed by the contract they are about to sign and by its track record as well. So... enlighten me please, which of the following former news about WSG is fake? Here here:

[graham1ty] 05/1/2018 19:15

Tax, I still question why any sensible organisation, whether an airport and aviation authority or a government would give a contract to a bankrupt, inept bunch of losers ( and their recent record really destroyed by the ferry debacle). There would have to be real questions as to whether WSG had the resources to run such a contract and the working capital even to get to the starting line: I would demand a £10m performance bond against delivery ( only six months supposed revenue after all). Unless the Board tries Namibian tactics.

However, I also believe that Boards and NOMADS do not go out of their way to lie, and I do NOT believe the potential contract is a complete fiction ( I just think they will not get it). And the RNS did propose that they were closer. So I understand the price rise.

So, maybe, against all probability, they might get it. However, I do not think so.

My best bet: a Jan fundraising “to get us across the line”, delays to signing because of the “constant changing scope” and this being the position still in six months.

If I was a competitor of WSG, I would make sure that the Airport knew the full history....and then they would be toast.

[someuwin] 05/1/2018 08:46

Moving up ahead of news - which we know is coming.

[youkme] 04/1/2018 21:25

Not my fault this time, he poked, I answered. He's a low life and I like winding him up

[graham1ty] 04/1/2018 20:39

Youkme, and tax, you are lowering the tone. Personal feuds elsewhere please.

Concentrate on the only question: are WSG going to sign. And when.

[enfranglais] 04/1/2018 17:31

winsome - Just shows the confidence in this management & their ability to fund the contract without heavy dilution of existing shareholders (mugs like me)?
Just got to hope, if & when the contract is finalised, the airport does not have major infrastructure problems - especially if it needs ferries!!!Doh!!!

[someuwin] 04/1/2018 15:09

CSSG recently won a UK security contract worth £27m over 6 years and their valuation is now 16m. (and is still very cheap imo)

WSG are about to land a security contract worth £330m over 15 years.

...And that is just for phase 1 of several phases to follow.

...Plus other large scale contracts to be announced.

Current £27m way too cheap.

[broncowarrior] 04/1/2018 14:49

Assumptions ahoy PJJ, as transparent as air.

[broncowarrior] 04/1/2018 14:38

Haha, good one.

[youkme] 04/1/2018 14:33

Lol so you believe half the story but not the other?
I am annoying you for sure and thats good enough for me pmsl

[pjj71] 04/1/2018 13:57

Looks like a retrace back to 12p is on the cards.. Not surprising and a good short.. The 25m contract will translate to net earnings of about 2.5m which still gives a hefty PE of 10x for a small cap.. thats before any of the execution risk is priced in... Good sells by those it got out at 25p...

[someuwin] 04/1/2018 13:45

Buys picking up.

[tax dodge] 04/1/2018 13:29

The only way you will ever annoy me fella is if your hogging the fast lane in your truck and I want to get past. You can keep lying dude but who are you trying kid, yourself?Mate I get it, you was trying to better yourself, you should be proud of what you do. Without people like you prepared to earn £10 a hour the world would come to a stand still. As for me, happy go lucky and enjoying life. I invest if it goes wrong I don't lose any sleep and don't blame anyone. And I don't gamble with my wife's money. Keep on trucking.

[tax dodge] 04/1/2018 12:57

Oh dear trucker man where do I start. You say you're not interested in this share but post 3 times in half hour. I have never ramped this share or any other, I have invested here and asked your motives to which you said that this share cost you £75k and your marriage. The only person to blame is yourself fella, you invested and you lost money (did we work it out to be your wife's inheritance) sorry I can't remember. Anyway blame everyone if it helps but it does come back to you. Now your marriage situation, your wife could of had enough of you anyway and used this as a excuse to split up, maybe she was already jumping up and down on her new man and just used you losing her money as a excuse to chase her dream of a happy life. Right I'm bored now so keep on trucking and talk soon.